🔹 Adj EPS: $0.06 (Est. $0.04) 🟢; +200% YoY
🔹 Revenue: $771.8M (Est. $740.3M) 🟢; +20% YoY
🔹 Adj EBITDA: $210.3M; +46% YoY
🔹 Fee-Based Rev: $315.4M; +67% YoY
FY25 Guidance (Raised):
🔹 Revenue: $3.235B–$3.31B (Prev. $3.200B–$3.275B; Est. $3.191B) 🟢
🔹 Adj EBITDA: $875M–$895M (Prev. $845M–$865M)
🔹 GAAP Net Income: $320M–$330M (Prev. $285M–$305M)
🔹 GAAP EPS: $0.27–$0.28 (Prev. $0.25–$0.27) 🟢
🔹 New Members Expected: +2.8M in FY25 (UP +28% YoY)
Q2'25 Outlook:
🔹 Revenue: $785M–$805M
🔹 Adj EBITDA: $200M–$210M
🔹 GAAP EPS: $0.05–$0.06
Segment Performance:
Financial Services:
🔹 Revenue: $303.1M; UP +101% YoY
🔹 Net Interest Income: $173.2M; UP +45% YoY
🔹 Noninterest Income: $129.9M; UP +321% YoY
🔹 Contribution Profit: $148.3M; UP +299% YoY
🔹 Contribution Margin: 49% (Prev. 25%)
🔹 Interchange Fee Revenue: UP +90% YoY
🔹 Total Financial Services Products: 13.79M; UP +36% YoY
🔸 SoFi Money: 5.48M; UP +41% YoY
🔸 Relay: 5.09M; UP +41% YoY
🔸 Invest: 2.68M; UP +21% YoY
Technology Platform:
🔹 Revenue: $103.4M; UP +10% YoY
🔹 Contribution Profit: $30.9M
🔹 Contribution Margin: 30%
🔹 Enabled Client Accounts: 158.4M; UP +5% YoY
Lending:
🔹 Revenue: $413.4M; UP +25% YoY
🔹 Adjusted Revenue: $412.3M; UP +27% YoY
🔹 Net Interest Income: $360.6M; UP +35% YoY
🔹 Contribution Profit: $238.9M; UP +15% YoY
🔹 Contribution Margin: 58%
🔹 Total Loan Originations: $7.25B; UP +66% YoY
🔸 Personal Loans: $5.54B; UP +69% YoY
🔸 Student Loans: $1.19B; UP +59% YoY
🔸 Home Loans: $518M; UP +54% YoY
Operational Highlights:
🔹 800K new members added in Q1; Total Members: 10.9M; UP +34% YoY
🔹 1.2M new products added; Total Products: 15.9M; UP +35% YoY
🔹 Loan Platform Business: $1.6B in originations for third parties
🔹 Net Interest Income: $498.7M; UP +24% YoY
🔹 Net Interest Margin: 6.01% (UP +10bps QoQ)
🔹 Deposit Base: $27.3B; 90% from direct deposit members
Credit Performance:
🔹 Personal Loan Charge-off Rate: 3.31% (DOWN from 3.37% QoQ)
🔹 Student Loan Charge-off Rate: 0.47% (DOWN from 0.62% QoQ)
🔹 Delinquencies on Personal Loans: DOWN to 46bps (4th straight quarterly decline)
🔹 SoFi estimates life-of-loan charge-off rates remain under 8% underwriting target
Strategic & Business Highlights:
🔸 Expanded Loan Platform partnerships with Blue Owl, Fortress, Edge Focus
🔸 Announced new SmartStart student loan refinancing and prime personal loan products
🔸 Launched co-branded debit card with Wyndham Hotels & Resorts
🔸 Signed new technology client Mercantil Banco (Panama)
🔸 Launched SoFi Plus subscription: 90% sign-ups from existing users, 30% adopt a 2nd product within 30 days
🔸 Completed SoFi-sponsored $698M consumer loan securitization—first since 2021
CEO Anthony Noto’s Commentary:
🔸 "We are off to a tremendous start in 2025. Q1 delivered our highest revenue growth rate in five quarters, record member and product growth, and accelerating innovation."
🔸 "These results reflect the strength of our strategy, product architecture, and financial discipline as we raise full-year guidance."