---
schema_version: "secwatch.filing_event.v1"
accession: "0001818874-23-000165"
form_type: "8-K"
ticker: "SOFI"
cik: "0001818874"
company_name: "SoFi Technologies, Inc."
filed_at: "2023-10-30T23:59:59+00:00"
generated_at: "2026-06-09T06:11:14.263171+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# SoFi Q3 2023: adjusted net revenue $531M (+27% YoY), record adj. EBITDA $98M, raises FY guidance

## Summary
- GAAP net revenue $537M (+27% YoY); GAAP EPS loss $0.29 includes $247M goodwill impairment; ex-impairment EPS loss $0.03.
- Adjusted net revenue $531M (+27% YoY); Adjusted EBITDA $98M (+121% YoY) with 18% margin.
- New member adds 717k (record); total members 6.9M (+47% YoY); total products 10.4M (+45% YoY).
- Deposits grew $2.9B sequentially to $15.7B; net interest margin expanded to 5.99%.
- Management raises full-year 2023 guidance; expects positive GAAP net income in Q4 2023.

## SEC filing metadata
- accession: 0001818874-23-000165
- form_type: 8-K
- ticker: SOFI
- cik: 0001818874
- company_name: SoFi Technologies, Inc.
- filed_at: 2023-10-30T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1818874/000181887423000165/0001818874-23-000165-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1818874/000181887423000165/sofi-20231030.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001818874-23-000165
- JSON: https://secwatch.observer/filing/0001818874-23-000165.json
- Plain text: https://secwatch.observer/filing/0001818874-23-000165.txt

## Key facts
- Earnings Releases
  SoFi Technologies, Inc. updated its three and nine months ended September 30, 2023 guidance (raised).
  - Period: three and nine months ended September 30, 2023
  - Guidance: raised
  - Result: reported results
  source text: On October 30, 2023, SoFi Technologies, Inc. issued a press release reporting its financial results for the three and nine months ended September 30, 2023. A copy of the press release is attached as Exhibit 99.1 and is incorporated herein by reference.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1818874/000181887423000165/0001818874-23-000165-index.htm

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