SoFi Technologies (SOFI) Tops Q4 EPS by 2c, Offers Guidance
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SoFi Technologies, Inc. Reports Fourth Quarter and Fiscal Year 2023 Results
January 29, 2024 7:00 AM EST
Accelerating Revenue Growth, Expanding Margins and GAAP Profitability
 Fourth Quarter $615 Million GAAP Net Revenue Up 35% Year-over-Year; $594 Million Adjusted Net Revenue Up 34% Year-over-Year
Record Fourth Quarter Adjusted EBITDA of $181 Million Up 159% Year-over-Year, 30% Target Margin Reached
Fourth Quarter Positive GAAP Net Income of $48 Million, GAAP EPS of $0.02
Quarterly New Member Adds of Nearly 585,000; Total Members Up 44% Year-over-Year to Over 7.5 Million
Quarterly New Product Adds of Nearly 695,000; Total Products Up 41% Year-over-Year to Over 11.1 Million
Fourth Quarter Total Deposit Growth of $2.9 Billion to $18.6 Billion
Fourth Quarter Growth in Tangible Book... More
