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Barchart
Sneha Nahata

SoFi’s Earnings Growth Looks Strong. Is This Dip a Buying Opportunity?

SOFI

SoFi (SOFI) once again delivered an impressive quarterly performance in Q4. It is one of the faster-growing players in the fintech space and added a record 1 million new members during the quarter, bringing its total membership base to 13.7 million. That represents a strong 35% increase compared with the prior year. Product growth was equally solid, with SoFi adding a record 1.6 million new products, pushing total products up 37% year-over-year (YoY).

This surge in members and product adoption translated into significant revenue growth. SoFi’s adjusted net revenue hit a quarterly record of more than $1.01 billion, rising 37% from the same period last year. Notably, Q4 marked SoFi’s first-ever $1 billion revenue quarter.

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