SoFi Technologies Reports Net Revenue of $734 Million and Net Income of $332 Million for Q4 2024, Demonstrating Durable Growth and Strong Returns

Category: Finance

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.

Keywords: SoFi, financial results, 2024 growth

Source: Business Wire

Update At: 1/28/2025

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