SoFi Technologies (SOFI) Tops Q3 EPS by 2c, Offers Guidance

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SoFi Technologies, Inc. Reports Third Quarter 2022 Results

November 1, 2022 7:00 AM EDT

Record GAAP and Adjusted Net Revenue for Third Quarter 2022
 GAAP Net Revenue of $424 Million Up 56%; $419 Million Adjusted Net Revenue Up 51% Year-over-Year
Record Adjusted EBITDA of $44 Million Up 332% Year-over-Year and Up 118% Sequentially
New Member Adds of Nearly 424,000; Quarter-End Total Members Up 61% Year-over-Year to Over 4.7 Million
New Product Adds of Over 635,000; Quarter-End Total Products Up 69% Year-over-Year to Nearly 7.2 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,... More