🚀 SoFi Technologies: important quarterly growth and strengthening of strategic positions!

The first quarter of 2025 produced exceptional results forSoFi Technologies $SOFI, clearly showing that its strategy of focusing on member growth, product expansion and financial services innovation is working well.

Specific numbers:
Net Sales net sales reached $772 million, an increase of 20 %.

Adjusted net sales grew even more strongly, up 33% to USD 771 million.

Adjusted EBITDA jumped up 46% to a record $210 million.

Net profit was $71 million, while adjusted earnings per share tripled from the same period last year to USD 0.06.

In the same quarter of the year 2024 net income was below USD 25 million and earnings per share were just USD 0.02. This shift shows a clear trend of increasing efficiency and profitability.

📈 Growth in membership and product base continues at a rapid pace:
Membership grew by 800,000 in one quarter, which means 34% year-on-year growth to a total of 10.9 million.

The number of products offered increased by 1.2 million to 15.9 million, a 35% increase from a year ago.

Thus, in both metrics SoFi SoFi exceeded not only its own expectations, but also analysts' predictions.

💳 Financial services as the main driver of growth:
The Financial Services segment generated revenues of USD 303 million, more than double the same period in 2024. The expansion of services such as SoFi Money, the development of the credit platform and investment products, including the new collaboration with Templum, played a significant role .

Segment profitability increased year-over-year by 299 % - from $37 million last year to $148 million this year .

Segment margins improved dramatically from 25 % to 49 %.

📊 Loan portfolio quality:
The personal loan charge-off rate declined to 3,31 %,
Delinquencies over 90 days decreased for the fourth consecutive quarter.

The company also set a record for new loans, originating more loans in the quarter $7.2 billion in loans, of which $1.6 billion was to third parties within the platform business. This represents a significant year-over-year increase in both funding volume and revenue diversification.

⭐ Brand strengthening and new initiatives:
The company is expanding its reach by investing in marketing partnerships, such as with TGL (golf league) and CMA Fest.

The new SoFi Plussubscription service shows strong growth potential : 90 % of new subscribers are existing members, with almost 30 % of them have activated another product within 30 days.

🗣️ CEO Anthony Noto: "Our strategy combining innovation, product expansion and brand building is delivering positive numbers. We have achieved our highest revenue growth rate in five quarters and are strengthening our competitive advantage in the market. We have started 2025 with exceptional momentum and are ready to ride this wave to the fullest." A very positive message from the CEO, his approach and holding a significant stake in the company only confirms a solid and stable vision.

SoFi Technologies thus currently confirms its position as a leader among fintech companies combining lending, banking and investment services under one roof. With the current growth trajectory and improving margins, I think we can expect a year of 2025 will deliver another set of surprisingly strong numbers.

The stock gained over 8% in early trading, but erased most of the gains during the trading day and is now up only 2%.

What do you think of the results and the subsequent market reaction?