SOFI Stock Alert: SoFi Just Reported Its First-Ever Profit

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 ...