secwatch.observer — SEC 8-K summary
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Issuer:     SoFi Technologies, Inc. (SOFI)
CIK:        0001818874
Form:       8-K
Filed at:   2023-10-30T23:59:59+00:00
Accession:  0001818874-23-000165
Event type: earnings
Sentiment:  positive
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1818874/000181887423000165/0001818874-23-000165-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1818874/000181887423000165/sofi-20231030.htm
  HTML page:      https://secwatch.observer/filing/0001818874-23-000165

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