---
schema_version: "secwatch.filing_event.v1"
accession: "0001818874-24-000115"
form_type: "8-K"
ticker: "SOFI"
cik: "0001818874"
company_name: "SoFi Technologies, Inc."
filed_at: "2024-04-29T23:59:59+00:00"
generated_at: "2026-06-03T05:42:39.292373+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# SoFi Q1 net income $88M, second straight GAAP profit; adj revenue up 26% YoY

## Summary
- GAAP net income $88M vs loss $34M Q1 2023; diluted EPS $0.02.
- Total net revenue $645M (+37% YoY); adjusted net revenue $581M (+26%).
- Adjusted EBITDA $144M (+91%), margin 25%; all three segments contribution profitable.
- Tech Platform & Financial Services combined rev grew 54%, now 42% of adj revenue.
- Management raises FY 2024 guidance (specific numbers not disclosed in excerpt).

## SEC filing metadata
- accession: 0001818874-24-000115
- form_type: 8-K
- ticker: SOFI
- cik: 0001818874
- company_name: SoFi Technologies, Inc.
- filed_at: 2024-04-29T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1818874/000181887424000115/0001818874-24-000115-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1818874/000181887424000115/sofi-20240429.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001818874-24-000115
- JSON: https://secwatch.observer/filing/0001818874-24-000115.json
- Plain text: https://secwatch.observer/filing/0001818874-24-000115.txt

## Key facts
- Earnings Releases
  SoFi Technologies, Inc. reported the three months ended March 31, 2024 results: revenue $644,995, net income $88,043, EPS $0.08. Guidance raised.
  - Period: the three months ended March 31, 2024
  - Revenue: $644,995
  - Net income: $88,043
  - EPS: $0.08
  - Guidance: raised
  - Result: reported results
  source text: 16% sequentially." Consolidated Results Summary Three Months Ended March 31, % Change ($ in thousands, except per share amounts) 2024 2023 Consolidated – GAAP Total net revenue $ 644,995 $ 472,158 37 % Net income (loss) 88,043 (34,422) n/m Net income (loss) attributable to common stockholders – basic 77,964 (44,390) n/m Net income (loss) attributable to common
  evidence_url: https://www.sec.gov/Archives/edgar/data/1818874/000181887424000115/0001818874-24-000115-index.htm

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