SoFi Technologies (NASDAQ:SOFI) Full Year 2024 Results

Key Financial Results

• Revenue: US$2.64b (up 28% from FY 2023).
• Net income: US$479.1m (up from US$341.2m loss in FY 2023).
• Profit margin: 18% (up from net loss in FY 2023). The move to profitability was primarily driven by higher revenue.
• EPS: US$0.46 (up from US$0.36 loss in FY 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

SoFi Technologies Revenues and Earnings Beat Expectations

Revenue exceeded analyst estimates by 1.4%. Earnings per share (EPS) also surpassed analyst estimates by 193%.

Looking ahead, revenue is forecast to grow 14% p.a. on average during the next 3 years, compared to a 12% growth forecast for the Consumer Finance industry in the US.

Performance of the American Consumer Finance industry.

The company's shares are down 17% from a week ago.

Risk Analysis

What about risks? Every company has them, and we've spotted 2 warning signs for SoFi Technologies (of which 1 doesn't sit too well with us!) you should know about.

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