---
schema_version: "secwatch.filing_event.v1"
accession: "0001818874-23-000076"
form_type: "8-K"
ticker: "SOFI"
cik: "0001818874"
company_name: "SoFi Technologies, Inc."
filed_at: "2023-05-01T23:59:59+00:00"
generated_at: "2026-06-16T05:15:25.263963+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001818874-23-000076
- form_type: 8-K
- ticker: SOFI
- cik: 0001818874
- company_name: SoFi Technologies, Inc.
- filed_at: 2023-05-01T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1818874/000181887423000076/0001818874-23-000076-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1818874/000181887423000076/sofi-20230501.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001818874-23-000076
- JSON: https://secwatch.observer/filing/0001818874-23-000076.json
- Plain text: https://secwatch.observer/filing/0001818874-23-000076.txt

## Key facts
- Earnings Releases
  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
  source text: "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
  evidence_url: https://www.sec.gov/Archives/edgar/data/1818874/000181887423000076/0001818874-23-000076-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.