SoFi Q3 net rev $697M, net income $61M, EPS $0.05; raises FY24 guidance

SoFi Technologies, Inc.

2024-Q3 EPS reported $0.08 revenue$367,616,000

Total net revenue $697M (+30% YoY); net income $61M vs loss $267M last year.
Adjusted net revenue $689M (+30%); adjusted EBITDA $186M (+90% YoY).
Financial Services & Tech Platform combined revenue up 64% YoY, now 49% of adj net revenue.
Members grew 35% YoY; capital-light fee-based revenue $174M.
Management raised FY2024 guidance; CEO calls quarter strongest in company history.

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