SoFi Q2 record revenue $498M (+37% YoY); adjusted EBITDA $77M (+278% YoY); guidance raised

SoFi Technologies, Inc.

2023-Q2 EPS reported -$0.11 revenue$200,175,000

GAAP net revenue $498M (+37% YoY); adjusted net revenue $489M (+37% YoY).
Record adjusted EBITDA $77M, up 278% YoY, 16% margin.
Net loss to common stockholders $57.6M ($0.06 per share) vs $105.9M ($0.12) last year.
Added 584k new members; total members 6.2M (+44% YoY); deposits $12.7B (+26% in Q2).
Management raises full-year 2023 guidance.

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 June 30, 2023 results: revenue $ 498,018, net income (47,549), EPS (0.06). Guidance raised.

Period: three months ended June 30, 2023
Revenue: $ 498,018
Net income: (47,549)
EPS: (0.06)
Guidance: raised
Result: reported results

Exact text from the filing

Total net revenue $ 498,018 $ 362,527 37 % Net loss (47,549) (95,835) (50) % Net loss attributable to common stockholders – basic and diluted (1) (57,628) (105,914) (46) % Loss per share attributable to common stockholders – basic and diluted (0.06) (0.12) (50) %

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Source: SEC EDGAR

accession 0001818874-23-000140

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