SoFi Achieves 35% Member Growth, 14.6% Margin; Relaunches Crypto Trading
SoFi added 905,000 members in Q4, bringing total membership to 12.6 million for 35% year-over-year growth, while net sales rose 38% and net income more than doubled, delivering a 14.6% net profit margin. The company also relaunched crypto trading and launched a fully reserved stablecoin to boost fee-based revenue.
Related News
URBN
Urban Outfitters Q1 Sales Soar 11% to $1.5B, EPS Up 12%
URBN•
EXR
Extra Space Storage Adds Retail and Tech Executives with 850-Unit Chain, Ex-Matterport CEO to Board
EXR•
QQQ
Nasdaq-100 ETF Trackers Eye 30% EM Earnings Growth and Nvidia’s $78.8B Quarter
QQQ•
EXOD
Exodus Movement April XO Swap Volume Up 44% to $98M, Global Pay Launch
EXOD•
INTU
Intuit to Launch AI-Driven Platforms in August, Cuts 17% Workforce to Fund Growth
INTU•
Sources
FFBF