The earnings call for SoFi Technologies reflects a strong performance in 2024, marked by record member growth, significant revenue increases, and achieving first-time GAAP profitability. The company's strategic focus on fee-based revenue and expansion of services like SoFi Plus demonstrate a positive trajectory. However, challenges remain in the Tech Platform segment with slower growth than anticipated. The introduction of a higher tax rate is also noted. Overall, the positive achievements outweigh the lowlights, signaling a promising outlook for 2025.

Company Guidance

In the SoFi Technologies Q4 and Full Year 2024 earnings call, the company provided robust guidance for 2025, highlighting expected growth and profitability. SoFi projects adding at least 2.8 million new members, a 28% year-over-year increase, and anticipates adjusted net revenue between $3.20 billion and $3.275 billion, representing a 23% to 26% growth. Adjusted EBITDA is forecasted at $845 million to $865 million, with an incremental EBITDA margin of 30%. The company also expects adjusted GAAP net income between $285 million and $305 million, translating to an EPS of $0.25 to $0.27. SoFi plans to continue investing in its Financial Services and Technology Platform segments, with a particular focus on scaling the Invest business and expanding its SoFi Plus subscription offering. The company remains confident in exceeding its medium-term guidance of 20% to 25% compounded annual revenue growth through 2026, supported by a strong business environment and strategic investments in innovation and brand building.

Record Member Growth

SoFi reached over 10 million members, growing 34% year-over-year and 10x over the past five years, with 785,000 new members added in Q4 alone.

Strong Revenue Growth

Adjusted net revenue was $2.6 billion in 2024, up 26% year-over-year. The Financial Services and Technology Platform segments generated $1.2 billion, up 54% year-over-year.

First Full Year of GAAP Profitability

2024 marked SoFi's first full year of GAAP profitability, with net income of $499 million and adjusted EBITDA of over $665 million, achieving a 26% EBITDA margin.

Expansion of Fee-Based Revenue

Total fee-based revenue was $970 million, up 74% from the prior year, driven by origination fees, loan platform business, referrals, interchange, and brokerage.

Introduction of SoFi Plus

SoFi announced a new fee-based subscription option for SoFi Plus, providing over $1,000 of value annually for a low monthly fee or through direct deposit.

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SoFi Technologies (DE:6B0) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

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DE:6B0 Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Aug 12, 2021	2021 (Q2)	-0.05 / -0.47	-0.021	-2081.82% (-0.44)	―	―
Nov 10, 2021	2021 (Q3)	-0.14 / -0.05	0	―	―	―
Mar 01, 2022	2021 (Q4)	-0.15 / -0.15	-1.796	91.91% (+1.65)	―	―
May 10, 2022	2022 (Q1)	-0.14 / -0.14	-0.213	36.36% (+0.08)	―	―
Aug 02, 2022	2022 (Q2)	-0.13 / -0.12	-0.465	75.00% (+0.35)	―	―
Nov 01, 2022	2022 (Q3)	-0.10 / -0.09	-0.048	-80.00% (-0.04)
Jan 30, 2023	2022 (Q4)	-0.09 / -0.05	-0.145	66.67% (+0.10)
May 01, 2023	2023 (Q1)	-0.08 / -0.05	-0.136	64.29% (+0.09)
Jul 31, 2023	2023 (Q2)	-0.06 / -0.06	-0.116	50.00% (+0.06)
Oct 30, 2023	2023 (Q3)	-0.08 / -0.28	-0.087	-222.22% (-0.19)

The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.

Beat

Missed

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DE:6B0 Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Jan 27, 2025	€17.22	€15.41	-10.53%
Oct 29, 2024	€10.48	€9.70	-7.44%
Jul 30, 2024	€6.85	€6.80	-0.72%
Apr 29, 2024	€7.18	€6.70	-6.73%

Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.

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