SoFi Q4 revenue $457M (+60% YoY), net loss improves 64%, record adj. EBITDA $70M

SoFi Technologies, Inc.

2022-FY EPS reported -$0.40 revenue$377,096,000

Q4 GAAP net revenue $456.7M (+60% YoY); adjusted net revenue $443.4M (+58%).
Net loss improved 64% YoY to $40.0M; loss per share -$0.05 vs -$0.15.
Adjusted EBITDA record $70.1M (up 15.3x YoY, up 58% sequentially).
Added ~480,000 new members in Q4; total members 5.2M (+51% YoY).
FY 2023 guidance: expects significant revenue and EBITDA growth, targets GAAP net income profitability in Q4 2023.

item 2.02 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.95

SoFi Technologies, Inc. reported three months and year ended December 31, 2022 results: revenue $456,679, net income (40,006), EPS (0.05).

Period: three months and year ended December 31, 2022
Revenue: $456,679
Net income: (40,006)
EPS: (0.05)
Result: reported results

Exact text from the filing

Results Summary Three Months Ended December 31, % Change Year Ended December 31, % Change ($ in thousands) 2022 2021 2022 2021 Consolidated – GAAP Total net revenue $ 456,679 $ 285,608 60 % $ 1,573,535 $ 984,872 60 % Net loss (40,006) (111,012) (64) % (320,407) (483,937) (34) % Loss per share – basic and diluted (0.05) (0.15) (67) % (0.40) (1.00) (60)

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Source: SEC EDGAR

accession 0001818874-23-000005

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