Financial Performance Highlights - SoFi achieved a record adjusted net revenue of $858 million, representing a 44% year-over-year increase, marking the highest growth rate in over two years[8] - The company reported a record adjusted EBITDA of $249 million, resulting in a 29% adjusted EBITDA margin[8] - SoFi attained GAAP net income of $97 million, translating to an 11% GAAP net income margin[8] - Adjusted EPS reached a record of $008, marking the seventh consecutive quarter of profitability[8] Revenue Diversification - Fee-based revenue amounted to $378 million, a 72% year-over-year increase, constituting 44% of the adjusted net revenue[8] - Financial Services and Tech Platform revenue contributed $472 million to the adjusted net revenue, reflecting a 74% year-over-year growth[8] Growth Metrics - SoFi's tangible book value grew by $11 billion year-over-year, reaching $53 billion[8] - Total deposits increased by $23 billion to nearly $30 billion, primarily driven by member deposits[8] - The company added a record 850 thousand new members and 13 million new products[8] Lending Performance - Personal loan 90-day delinquencies decreased sequentially by 4 basis points to 042%, while net charge-offs declined by 48 basis points to 283%[8] - SoFi originated a record $88 billion in loans during the quarter[8] Updated Guidance - The company updated its FY2025 guidance, projecting adjusted net revenue of approximately $3375 billion, implying a 30% annual growth[101] - Adjusted EBITDA is expected to be around $960 million, with an implied adjusted EBITDA margin of 28%[101]

Group 1 - Bank of America Securities analyst Mihir Bhatia reiterated the Underperform rating on SoFi Technologies, Inc. with a price forecast of $13 [1] - SoFi has approximately 11 million members and over 15 million products, showcasing its expanding reach [1] - The Financial Services products—Money, Relay, and Invest—are broad-entry tools that attract users to SoFi's platform [1] Group 2 - SoFi leverages its Financial Services Productivity Loop to cross-sell offerings, particularly in the Lending segment [2] - The Loan Platform has been identified as a major growth driver, with SoFi originating loans in a capital-light manner [2] Group 3 - In the first quarter FY25, SoFi originated $1.6 billion in third-party loans, with an 84% year-over-year growth, indicating strong momentum [3] - Continued growth is expected, especially if credit standards ease [3] Group 4 - SoFi sees its Invest product as a major driver of Financial Services growth in 2025, potentially becoming a standout offering [4] - The company has added features like a robo-advisor and funds, focusing on monetization and asset expansion [4] Group 5 - These efforts are expected to support both revenue and contribution profit growth in 2025 and beyond [5] - SOFI shares are trading higher by 2.01% to $13.98 [5]