Key Highlights of SoFi 's Q4 2024 Earnings Release:

Q4 2024 Earnings Release (Key Highlights)

Financial Performance:

Record net revenue of $734 million for Q4 (19% YoY growth), and $2.7 billion for FY 2024 (26% YoY growth).

Achieved GAAP profitability for the first full year, with a net income of $499 million for FY 2024 and $332 million for Q4.

Adjusted EBITDA of $198 million for Q4 and $666 million for FY 2024, with an adjusted EBITDA margin of 26%.

Segment Performance:

Significant revenue growth in Financial Services (84% YoY) and Tech Platform (6% YoY) segments.

Lending remained a strong contributor, with net interest income driving 82% of the segment’s revenue.

Operational Metrics:

Member growth of 34% YoY, reaching over 10.1 million members.

Total products grew 32% YoY to 14.7 million, driven by Financial Services products (+34% YoY).

Credit Performance: Improved metrics in personal loan delinquencies and charge-offs, supporting robust underwriting.

Q4 2024 Investor Presentation (Highlights)

Business Model:

Emphasis on a diversified, capital-light growth model, driven by fee-based revenue streams in Financial Services and Tech Platform segments.

Focus on the Financial Services Productivity Loop (FSPL), enhancing cross-buy opportunities and efficiency.

Achievements:

Record loan originations of $23.2 billion in FY 2024, supported by strong personal, student, and home loan demand.

Expanded partnerships, such as Galileo’s deal with the U.S. Department of the Treasury.

Outlook:

FY 2025 guidance includes adjusted net revenue growth of 23–26% and adjusted EBITDA of $845–$865 million.

Plans to add 2.8 million new members in 2025, reflecting a 28% YoY increase.

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Key Highlights of SoFi 's Q4 2024 Earnings Release:

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