SoFi Technologies (SOFI) Reports In-Line Q1 EPS, Revenues Beat; Issues Solid Outlook

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Go back to SoFi Technologies (SOFI) Reports In-Line Q1 EPS, Revenues Beat; Issues Solid Outlook

SoFi Technologies, Inc. Reports First Quarter 2022 Results

May 10, 2022 1:24 PM EDT

Record GAAP and Adjusted Net Revenue for First Quarter 2022
GAAP Net Revenue of $330 Million Up 69%; $322 Million Record Adjusted Net Revenue Up 49% Year-over-Year
Adjusted EBITDA of $9 Million Positive for Seventh Straight Quarter
New Member Adds of 408,000; Quarter-End Total Members Up 70% Year-over-Year to Nearly 3.9 Million
New Product Adds of 689,000; Quarter-End Total Products Up 84% Year-over-Year to Nearly 5.9 Million
Management Raises Full-Year 2022 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,... More