SoFi Q3 GAAP revenue $424M (+56% YoY), adj. EBITDA record $44M, raised FY guidance

SoFi Technologies, Inc.

2022-Q3 EPS reported -$0.35 revenue$277,447,000

Q3 GAAP net revenue $424M, up 56% YoY; adjusted net revenue $419M, up 51%.
Record adjusted EBITDA $44M, up 332% YoY and 118% sequentially.
Added nearly 424,000 new members; total members 4.7M, up 61% YoY.
Total products 7.2M, up 69% YoY, with over 635,000 new product adds.
Raised full-year 2022 guidance; net loss $74M ($0.09 loss per share).

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

SoFi Technologies, Inc. reported three months ended September 30, 2022 results: revenue $423,985, net income Net loss (74,209), EPS Loss per share – basic and diluted (0.09). Guidance raised.

Period: three months ended September 30, 2022
Revenue: $423,985
Net income: Net loss (74,209)
EPS: Loss per share – basic and diluted (0.09)
Guidance: raised
Result: reported results

Exact text from the filing

Consolidated Results Summary Three Months Ended September 30, % Change ($ in thousands) 2022 2021 Consolidated – GAAP Total net revenue $ 423,985 $ 272,006 56 % Net loss (74,209) (30,047) n/m Loss per share – basic and diluted (0.09) (0.05) n/m

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Source: SEC EDGAR

accession 0001818874-22-000236

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