Neil's avatar
$37.1m follower assets
SoFi Earnings Reaction
  • In Q2, SoFi added 450,000 new members. This was the second-highest quarter increase in the history of the company, which now has over 4 million members.
  • Galileo accounts have reached 117 million.
  • Adjusted net revenue came in at $356 million, up 50% year over year (YOY). And adjusted EBITDA came in at $20 million.
  • The company has raised full-year revenue guidance to $1.51 billion, representing 50% growth YOY. Considering that SoFi still expects a negative impact from the federal student loan payment moratorium and the current inflationary environment, this is a breath of fresh air.
Jensen Butler's avatar
I'll take it! Has been a heavy bag for me for a while.....and still is.