secwatch.observer — SEC 8-K summary
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Issuer:     SoFi Technologies, Inc. (SOFI)
CIK:        0001818874
Form:       8-K
Filed at:   2024-01-29T23:59:59+00:00
Accession:  0001818874-24-000004
Event type: earnings
Sentiment:  positive
Materiality: 0.85
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

SoFi Q4 GAAP net income $48M, revenue up 35% YoY to $615M
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- Q4 GAAP net income $47.9M ($0.02 diluted EPS) vs loss of $40.0M year ago; FY net loss $300.7M.
- Adjusted net revenue $594M (+34% YoY); record adjusted EBITDA $181M (+159% YoY), 30% margin achieved.
- Added 585k new members (total 7.5M, +44% YoY) and 695k new products (total 11.1M, +41% YoY).
- Total deposits grew $2.9B to $18.6B; tangible book value increased $204M in quarter, $334M for FY.
- Non-lending segments (Tech Platform & Financial Services) contributed 40% of Q4 adjusted net revenue.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1818874/000181887424000004/0001818874-24-000004-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1818874/000181887424000004/sofi-20240129.htm
  HTML page:      https://secwatch.observer/filing/0001818874-24-000004

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