secwatch.observer — SEC 8-K summary
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Issuer:     SoFi Technologies, Inc. (SOFI)
CIK:        0001818874
Form:       8-K
Filed at:   2022-08-02T23:59:59+00:00
Accession:  0001818874-22-000180
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1818874/000181887422000180/0001818874-22-000180-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1818874/000181887422000180/sofi-20220802.htm
  HTML page:      https://secwatch.observer/filing/0001818874-22-000180

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer