NASDAQ$SOFI
SoFi Technologies Inc · Q4 2024 earnings
Q4 2024 earnings · · Before market open · Investor relations
Briefing
SoFi reported record revenue, profit, members, and products, driven by innovation and brand building.
SoFi Technologies reported strong Q4 2024 results, with net revenue of $734 million and net income of $332 million. The company achieved record adjusted net revenue, driven by growth in the Financial Services and Tech Platform segments. Total members reached over 10.1 million, and total products were over 14.7 million.
- Net revenue reached $734 million, a 19% increase year-over-year.
- Net income was $332 million, a 594% increase year-over-year.
- Total members grew to over 10.1 million, a 34% increase year-over-year.
- Total products increased to over 14.7 million, a 32% increase year-over-year.
Headline financials
Revenue & EPS history
SoFi · Revenue · Quarterly
$739M
Revenue by segment
SoFi · $557M total across 3 segments · Q3 2023
- Lending$349M+15.7%62.6%
- Financial Services$118M+141.6%21.2%
- Technology Platform$89.9M+6.1%16.1%
Forward guidance
For Q1 2025, SoFi expects adjusted net revenue of $725 to $745 million, adjusted EBITDA of $175 to $185 million, GAAP net income of $30 to $40 million, and GAAP EPS of $0.03. For full year 2025, SoFi anticipates adjusted net revenue of $3.200 to $3.275 billion, adjusted EBITDA of $845 to $865 million, GAAP net income of $285 to $305 million, and GAAP EPS of $0.25 to $0.27.
Tailwinds
- Incremental EBITDA margin of approximately 30%.
- GDP expansion of 1–2%.
- Normalization of unemployment in the 5% range.
- Continuation of normalized credit spreads across capital markets.
- Stabilization of consumer credit.
Headwinds
- Interest rate outlook consistent with the forward curve and just north of 1.5 rate cuts.
- Tax rate of 26%, which is believed to be the effective tax rate in 2025.
- Management has not reconciled forward-looking non-GAAP measures to their most directly comparable GAAP measures.
- The company cannot predict with reasonable certainty and without unreasonable efforts the ultimate outcome of certain GAAP components of such reconciliations due to market-related assumptions that are not within our control as well as certain legal or advisory costs, tax costs or other costs that may arise.
- Management is unable to assess the probable significance of the unavailable information, which could materially impact the amount of the future directly comparable GAAP measures.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 20 quarterly earnings reports · overlaid with Q4 2024
+0.3%
Avg return
Earnings day
-2.3%
Avg return
5 days after
-4.2%
Avg return
30 days after
54%
13 / 24 earnings
Positive
+29.4%
Q2 2022
Best reaction
-21.3%
Q1 2023
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | -1.4% | -11.8% | -0.7% | |
| Q4 2025 | -2.1% | -14.8% | -27.1% | |
| Q3 2025 | +3.7% | -1.1% | -5.0% | |
| Q1 2025 | +0.5% | -3.8% | -0.2% | |
| Q4 2024 | -10.3% | -11.9% | -19.3% | |
| Q3 2024 | +0.3% | -1.3% | +44.1% | |
| Q2 2024 | +2.9% | -9.3% | +9.5% | |
| Q1 2024 | -13.9% | -11.6% | -13.0% | |
| Q4 2023 | +10.2% | +3.4% | +16.3% | |
| Q3 2023 | +9.9% | +16.6% | +7.0% | |
| Q2 2023 | +8.4% | -0.5% | -8.5% | |
| Q1 2023 | -21.3% | -17.2% | +11.4% | |
| Q4 2022 | +16.7% | +25.6% | +8.4% | |
| Q3 2022 | -5.9% | -4.8% | -12.9% | |
| Q2 2022 | +29.4% | +25.2% | -8.0% | |
| Q1 2022 | -8.0% | +13.1% | +2.3% | |
| Q4 2021 | +1.1% | -12.7% | -17.5% | |
| Q4 2019 | +1.1% | -12.7% | -17.5% | |
| Q3 2020 | -4.8% | -10.5% | -33.4% | |
| Q3 2021 | +3.7% | +3.5% | -32.2% | |
| Q2 2020 | -8.3% | -6.3% | +3.1% | |
| Q2 2021 | -11.3% | -18.6% | -9.5% | |
| Q1 2021 | +7.5% | +7.3% | +14.0% | |
| Q4 2020 | -1.7% | -1.0% | -11.5% | |
| Q1 2020 | — | — | — |
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