SoFi Q2 revenue record $363M GAAP (+57% YoY); raises FY 2022 guidance

SoFi Technologies, Inc.

2022-Q2 EPS reported -$0.26 revenue$175,442,000

GAAP net revenue $363M, up 57% YoY; adjusted net revenue $356M, up 50% YoY.
Net loss narrowed to $95.8M ($0.12 loss per share) from $165.3M ($0.48 loss) YoY.
Adjusted EBITDA $20.3M, up 81% YoY; eighth consecutive positive quarter.
Added 450k+ new members; total members 4.3M (+69% YoY); total products 6.6M (+79% YoY).
Management raised full-year 2022 guidance for adjusted net revenue and adjusted EBITDA.

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