SoFi Technologies Stock Climbs As Company Touts Strong Growth At Investor Conference

Core Insights - SoFi Technologies Inc's shares experienced an increase following a positive presentation at the 45th Annual William Blair Growth Stock Conference, where executives outlined ambitious growth and profitability plans [1][4] Financial Performance - The company is projecting $666 million in adjusted EBITDA for 2024 and aims for adjusted net revenue to exceed $3 billion by 2025, with adjusted EBITDA expected to be between $875 million and $895 million [2] - SoFi is targeting over 25% annualized revenue growth through 2026 [2] Business Segments - The Loan Platform Business is a significant contributor, with $1.6 billion in origination volume in Q1 2025 [3] - The SoFi Money division, which holds over $27 billion in deposits, is being positioned as a future billion-dollar revenue stream [3] Revenue Composition - Fee-based income has increased to 41% of total revenue, supported by a recovering student loan refinancing market [4] Market Reaction - Following the conference, SoFi shares rose by 3.08% to $13.87, closing at $13.67 [4]