SoFi Technologies Reports Net Revenue of $734 Million and Net Income of $332 Million for Q4 2024, Demonstrating Durable Growth and Strong Returns
SoFi Technologies, Inc. reported record financial results for Q4 and the full year 2024, achieving significant growth in revenue, members, and products. The company highlighted a 19% increase in GAAP net revenue for Q4, reaching $734.1 million, and a 26% increase for the full year, totaling $2.7 billion. Key achievements included record member additions of 785,000 in Q4 and a total of over 10.1 million members. The Financial Services segment saw an 84% increase in net revenue year-over-year, while the Lending segment reported a 66% increase in origination volume. SoFi's focus on innovation and brand building has positioned it for continued growth in 2025, with expectations of adding at least 2.8 million new members.
Business Wire