SoFi Technologies Reports Q1 2024 Net Revenue of $645 Million and Net Income of $88 Million, Marking Second Consecutive Quarter of GAAP Profitability [Yahoo! Finance]
SoFi Technologies, Inc. (SOFI)
Company Research
Source: Yahoo! Finance
SAN FRANCISCO, April 29, 2024 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. 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-over-year growth. Financial Services and Tech Platform segment revenue combined grew 54% and represented a record 42% of consolidated adjusted net revenue, offsetting flat Lending segment revenue given a more conservative approach in light of macroeconomic uncertainty." "We delivered adj
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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