SOFI - What's Going On With SoFi Technologies Stock Monday? | Benzinga
SoFi Technologies Inc. (NASDAQ:SOFI) shares reversed their gains after the company reported fiscal first-quarter 2024 results on Monday.
Adjusted revenue increased 26% year-on-year to $580.648 million, beating the consensus of $555.997 million. The adjusted EPS of $0.02 beat the consensus of $0.01.
SoFi added 622,000 new members in the quarter, bringing its total member count to over 8.1 million (+44% Y/Y).
SoFi also added over 989,000 new products in the quarter, for a total of over 11.8 million products (+38% Y/Y) at the end of the quarter.
In the Financial Services segment, total products rose by 42% Y/Y to 10.1 million.
SoFi Money (including Checking and Savings and cash management ...