SoFi Technologies GAAP EPS of $0.02 beats by $0.01, adj. revenue of $580.65M beats by $21.12M

$SOFI Q1 earnings

Q1 Total Net Revenue $645 million (37% YoY) vs Expectations of $550-$560 million

Q1 Net income $88 million vs Expectations of $10-$20 million

Q1 EBITDA $144 million vs Expectations of $110-$120 million

Q1 GAAP EPS of $0.02

Q1 Members added +622,000

2024 net income raise to $165-$175M (Previous Net income Guidance was $95-$105)