SoFi posts record revenue, lifts full-year forecast on member growth
SoFi Technologies reported second-quarter adjusted net revenue of $1.2 billion, a 40% increase year-over-year, driven by record member growth and loan originations. The company raised its full-year revenue outlook.
Key facts
- SoFi Technologies reported Q2 adjusted net revenue of $1.2 billion
- Revenue increased 40% year-over-year
- Record member growth and loan originations drove performance
- Full-year revenue forecast was raised
Entities
Institutions
- SoFi Technologies
Sources
- Quartz —