SoFi Q1 record adj. net revenue $460M (+43% YoY); raises full-year guidance

SoFi Technologies, Inc.

2023-Q1 EPS reported -$0.05 revenue$95,482,000

GAAP net revenue $472M (+43% YoY); adjusted net revenue $460M (+43% YoY).
Adjusted EBITDA $76M (+772% YoY), 16% margin; net loss narrowed to $34.4M from $110.4M.
Added 433k new members (total 5.7M, +46% YoY) and 660k new products (total 8.6M, +46% YoY).
Management raised full-year 2023 adjusted net revenue and adjusted EBITDA guidance.
EPS loss $0.05 vs. $0.14 a year ago; all three segments (Lending, Tech Platform, Financial Services) contributed.

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 first quarter ended March 31, 2023 results: revenue $472 Million, net income (34,422), EPS (0.05). Guidance raised.

Period: first quarter ended March 31, 2023
Revenue: $472 Million
Net income: (34,422)
EPS: (0.05)
Guidance: raised
Result: reported results

Exact text from the filing

"filed". --- EX-99.1 (EX-99.1) --- SOFI TECHNOLOGIES, INC. REPORTS FIRST QUARTER 2023 RESULTS Record GAAP and Adjusted Net Revenue for First Quarter 2023 GAAP Net Revenue of $472 Million Up 43%; $460 Million Adjusted Net Revenue Up 43% Year-over-Year Record Adjusted EBITDA of $76 Million Up 772% Year-over-Year and Up 8% Sequentially New Member Adds of Over

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Source: SEC EDGAR

accession 0001818874-23-000076

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