SoFi Technologies Q2 2024 results exceed expectations, with 22% YoY revenue growth, $17M net income, and 643k new members.
Fintech firm SoFi Technologies (SOFI) reported Q2 2024 results exceeding internal guidance and Wall Street expectations. Adjusted revenue increased 22% YoY to $597M, net income was $17M, and the company added 643k new members and 99k new products. Despite strong performance, SoFi stock remains volatile and has not significantly increased. Long-term investors with a high risk tolerance may consider SoFi Technologies for their portfolio.
August 03, 2024
3 Articles