Key TakeawaysSoFi reported its first quarterly profit Monday, as its lending and non-lending segments gained.SoFi added 585,000 members in the fourth quarter for a total of 7.54 million, a 44% jump from 2022.SoFi's full-year earnings and revenue outlooks were above estimates.SoFi Technologies Inc. (SOFI) shares jumped over 19% in intraday trading Monday after the online bank and personal finance lender posted its first quarterly profit Monday as sales and membership soared for the fourth quarter.The Califor ...

Online financial services company SoFi Technologies (NASDAQ:SOFI) might be turning a corner. SoFi finally reported actual earnings… and not a loss, news that sent its struggling stock surging Monday.Shares of SoFi skyrocketed nearly 20% after the company said that it posted a net profit of nearly $48 million, or 2 cents a share, for the fourth quarter. Revenue surged 35% to about $615 million. Wall Street analysts were expecting a loss of 1 cent a share and revenue of about $572 million.The numbers form SoF ...

Shares of fintech firm SoFi Technologies (NASDAQ:SOFI) surged nearly 20% on Monday after the company reported its first-ever profit. Media reports salivated over the 2-cents-per-share earnings, driven by a 44% jump in total new members and strong performance from its tech platform and financial services segments.More upside is likely on the way. SoFi’s fourth-quarter numbers show that the firm has also successfully attracted customers beyond its original base. During the quarter, the San Francisco-based fir ...

SoFi Technologies, Inc. (NASDAQ:SOFI) Q4 2023 Earnings Conference Call January 29, 2024 8:00 AM ET Company Participants Maura Cyr - IR Anthony Noto - CEO Christopher Lapointe - CFO Conference Call Participants John Hecht - Jefferies Andrew Jeffrey - Truist Reggie Smith - J.P. Morgan Dan Dolev - Mizuho Jeffrey Adelson - Morgan Stanley Michael Ng - Goldman Sachs Vincent Caintic - Stephens Dominick Gabriele - Oppenheimer Operator Good morning. My name is Daisy, and I'll be your conference operator today. At th ...

Shares of SoFi (NASDAQ:SOFI) are surging higher after the personal finance company reported its fourth-quarter earnings, revealing its first-ever positive quarterly GAAP earnings per share (EPS) of 2 cents compared to the analyst estimate for 0 cents. GAAP net income tallied in at $47.91 million, up from a loss of $40 million a year ago. On top of that, adjusted EBITDA was a record high $181 million, signaling year-over-year (YOY) growth of 159%, while adjusted EBITDA margin was 30%.“We saw new member adds ...

About this content About Emily Jarvie Emily began her career as a political journalist for Australian Community Media in Hobart, Tasmania. After she relocated to Toronto, Canada, she reported on business, legal, and scientific developments in the emerging psychedelics sector before joining Proactive in 2022. She brings a strong journalism background with her work featured in newspapers, magazines, and digital publications across Australia, Europe, and North America, including The Examiner, The Advocate, ...

SoFi Technologies Inc (NASDAQ:SOFI) reported fourth-quarter earnings of 2 cents per share earlier -- swinging to a profit compared to the same time last year -- and a revenue jump of 35% to $615.40 million. The fintech name attributed the results to outperformance in its non-lending segments, with total deposits rising 19% to $18.60 billion for the quarter. In response, SOFI is 20.3% at $9.17.The options pits are exploding with activity, with 450,000 calls and 151,000 puts exchanged so far, or eleven times ...

SoFi Technologies said in its latest earnings report that it had seen significant growth in cross-selling activity, and noted that the vast majority of its SoFi Money deposits came from direct deposit members.The company said Monday (Jan. 29) net new member adds of nearly 585,000 represented 44% growth for a total of over 7.5 million members at the close of the fourth quarter.New product additions came in at of nearly 695,000 and growth of 41% to over 11 million total products at period end.The company’s qu ...

In this video, I will be going over SoFi Technologies' (SOFI 21.39%) fourth-quarter earnings report, which was its first profitable quarter according to generally accepted accounting principles (GAAP). The company also shared what it expects to achieve in 2024.*Stock prices used were from the trading day of Jan. 26, 2024. The video was published on Jan. 29, 2024. ...

Fool.com contributor Parkev Tatevosian considers SoFi Technologies' (SOFI 20.21%) expectations over the next two years to predict where its stock price could be. *Stock prices used were the afternoon prices of Jan. 26, 2024. The video was published on Jan. 28, 2024. ...