Sofi Reports Q2 Non-GAAP EPS of $0.12 and Revenue of $1.21 Billion, Both Exceeding Estimates
SoFi (NASDAQ: SOFI) reported second-quarter financial results that exceeded expectations. The company's non-GAAP earnings per share came in at $0.12, surpassing estimates by $0.01. Revenue reached $1.21 billion, a significant increase of 41% year-over-year and beating forecasts by $80 million. The results were driven by strong performance across key metrics. Total loan originations hit a record high of $14.8 billion during the quarter. Additionally, SoFi's member base grew by 35%, reaching an all-time high of 15.8 million members. The company attributed this growth to continued expansion in its product offerings and customer acquisition strategies.
Tickers: $SOFI
Topics: earnings loan originations member growth revenue beat