Sofi Technologies Inc ( (SOFI) ) has released its Q1 earnings. Here is a breakdown of the information Sofi Technologies Inc presented to its investors.
SoFi Technologies Inc., a digital financial services company, reported impressive financial results for the first quarter of 2025, showcasing significant growth in revenue and membership. The company achieved record net revenue of $772 million, a 20% increase from the previous year, and reported a net income of $71 million. SoFi’s adjusted net revenue rose by 33% to $771 million, and adjusted EBITDA increased by 46% to $210 million. The company also experienced substantial growth in its member base, reaching 10.9 million members, a 34% increase year-over-year, and expanded its product offerings to 15.9 million, up 35% from the previous year. SoFi’s financial services segment saw a doubling of revenue to $303 million, driven by innovations in SoFi Money and SoFi Invest. The lending segment reported a 25% increase in net revenue, with personal loan originations reaching $5.5 billion, up 69% year-over-year. Looking ahead, SoFi’s management has raised its 2025 guidance, expecting continued growth in revenue and profitability, with a focus on innovation and expanding its member base.