SoFi Technologies Reports Q1 2024 Net Revenue of $645 Million and Net Income of $88 Million, Marking Second Consecutive Quarter of GAAP Profitability
SoFi Technologies, Inc. (SOFI)
Company Research
Source: Business Wire
54% Combined Revenue Growth in Tech Platform and Financial Services Segments Drove 26% Growth in Total Adjusted Net RevenueManagement Raises FY 24 Guidance SAN FRANCISCO--(BUSINESS WIRE)--SoFi Technologies, Inc. (NASDAQ: SOFI), a member-centric, one-stop shop for digital financial services that helps members borrow, save, spend, invest and protect their money, reported financial results today for its first quarter ended March 31, 2024.This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20240429229505/en/(Graphic: Business Wire)Anthony Noto, CEO of SoFi Technologies, Inc. commented: “Our first quarter was an exceptionally strong start to 2024, demonstrating significant momentum as we responsibly grow revenue and diversify toward our Financial Services and Tech Platform segments, sustain profitability, reinforce our balance sheet, and grow our member base. We delivered adjusted net revenue of $581 million, representing 26% year-o
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SOFI
News
- SoFi Stock Investors Have 8.1 Million Reasons to Cheer [Yahoo! Finance]Yahoo! Finance
- Should You Buy SoFi Stock While It's Below $7? [Yahoo! Finance]Yahoo! Finance
- Prediction: These Could Be the Best-Performing Fintech Stocks Through 2030 [Yahoo! Finance]Yahoo! Finance
- SoFi and Templum Partner for Expanded Access to Alternative AssetsBusiness Wire
- SoFi Raised Its Earnings Forecast for 2024. Here's Why Its Growth Is So Strong. [Yahoo! Finance]Yahoo! Finance
SOFI
Earnings
- 4/29/24 - Beat
SOFI
Sec Filings
- 5/14/24 - Form 144
- 5/7/24 - Form 10-Q
- 5/6/24 - Form 4
- SOFI's page on the SEC website