secwatch.observer — SEC 8-K summary
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Issuer:     SoFi Technologies, Inc. (SOFI)
CIK:        0001818874
Form:       8-K
Filed at:   2023-07-31T23:59:59+00:00
Accession:  0001818874-23-000140
Event type: earnings
Sentiment:  positive
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1818874/000181887423000140/0001818874-23-000140-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1818874/000181887423000140/sofi-20230731.htm
  HTML page:      https://secwatch.observer/filing/0001818874-23-000140

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer