SOFI Earnings Prediction
The chart below shows how SOFI performed 10 days before and after its earnings report, based on data from the past quarters. Typically, SOFI sees a -1.59% change in stock price 10 days leading up to the earnings, and a -3.66% change 10 days following the report. On the earnings day itself, the stock moves by -0.16%. This data can give you a slight idea of what to expect for the next quarter's release.
SOFI Key Earning Data
2024/Q4
Year Over Year
Quarter Over Quarter
Total Revenue
573.41M
30.63%
17.28%
Gross Margin
--
--
--
Operating Margin
11.14%
347.56%
254.78%
Net Margin
10.59%
117.43%
197.47%
EPS
0.05
117.24%
400.00%
No Data Available
SOFI Earnings Analysis
SoFi Technologies, Inc. Common Stock Corporation (SOFI.O) Earnings Conference Call
Positive
Record Adjusted Net Revenue: Adjusted net revenue reached a record of $689 million in the quarter, with year-over-year accelerating growth to 30% versus 22% in Q2.
Financial Services Revenue Surge: For the first time, financial services make up more than a third of our total revenue, with the segment recording $238 million of revenue in Q3, up 102% from the prior year.
Membership Growth Surge: We added 756,000 new members in Q3, that's up 35% year-over-year to a total of 9.4 million members.
Product Growth Surge: We grew products in the quarter by over 1 million to 13.7 million products, that's up 31% year-over-year or 37% when excluding digital asset accounts related to our transfer of crypto services in 2023.
Capital Ratio and Book Value: Our total capital ratio is 16.3%, well above regulatory minimums, and tangible book value increased $236 million to a total of $4.4 billion.
Negative
Record Adjusted Net Revenue: Adjusted net revenue reached a record of $689 million in the quarter, with year-over-year growth accelerating to 30% versus 22% in Q2.
EBITDA Margin Improvement: Adjusted EBITDA was $186 million at a 27% margin, representing nearly 9 points of year-over-year margin improvement, demonstrating significant operating leverage across all functions with expense margins decreasing year-over-year.
Declining Sales and Marketing Ratio: Sales and marketing continue to decline as a percentage of adjusted net revenue, decreasing by 4 points year-over-year.
Warehouse Debt Reduction: We exited the quarter with just $1.3 billion of warehouse debt drawn, which represents a significant decrease in our overall leverage.
Secured Loan Decrease: Our secured loan balance decreased by more than $750 million sequentially.
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SOFI Earning Call Sentiment
SoFi Technologies, Inc. (SOFI) Q3 2024 Earnings Call Transcript
1.0x
00:00
00:00
SOFI.O
-10.27%Positive
The earnings call shows strong financial performance with record revenues, significant growth in financial services, and improved monetization. The guidance is optimistic, with increased revenue and EBITDA projections. The Q&A highlights confidence in loan platform growth and high returns on recent vintages. Despite some unclear responses, the overall sentiment is positive, supported by increased tangible book value and a strong capital position. The market is likely to react positively, especially in the absence of market cap data, as the strong financial metrics and growth prospects outweigh any uncertainties.