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SoFi Earnings Date and SoFi Share Price Today

SoFi Technologies, Inc. is expected to release its financial results on July 29, 2024, with analysts projecting a notable EPS improvement to $0.01 from last year's -$0.06, while a recent press release highlights their participation in an upcoming investor conference.

by Kavitha

Updated Jun 10, 2024

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SoFi Earnings Date and SoFi Share Price Today

SoFi Technologies Inc

The American company SoFi Technologies, Inc., commonly known as SoFi, runs an online bank that offers services for personal finance. The San Francisco-based company SoFi provides a variety of financial services and goods, such as credit cards, personal loans, mortgages, investing options, and student loan refinancing. Users can access these services by using the SoFi mobile app or website. The startup wants to give clients simple-to-use digital money management tools.

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SoFi Earnings Date

On July 29, 2024, SoFi Technologies, Inc. is anticipated to release its financial results. If SoFi releases a new date, Zacks Investment Research may change this one, which is determined by looking at the company's past reporting trends. Based on projections from seven analysts, the consensus earnings per share (EPS) for this quarter is $0.01. Comparing this quarter to the same period last year, when the reported EPS was -$0.06, there has been a noticeable improvement. 

Anticipated greatly, this earnings report will show the company's growth and financial performance. Furthermore, a press release from SoFi states that they will be attending an upcoming investor conference, which may offer further information about their business plan and prospects. To assess SoFi's market position and potential, experts and investors are closely monitoring these events.

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SoFi Share Price Today

As of 10th June 2024, SoFi Technologies Inc. (Symbol: SOFI) was trading at $6.99 per share at the close. The stock decreased from the previous closing by $0.09, or around -1.27%. Throughout the day, the stock moved between $6.865 and $6.921. Remember that stock prices might fluctuate on a regular basis. For the most latest information, it is essential to read through the most recent financial news or speak with a financial specialist.

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SoFi Financial Performance 2024

A solid financial result for the first quarter of 2024 has been revealed by SoFi Technologies. Several salient features from their Q1 2024 financial statements are as follows:

Total GAAP Net Sales: SoFi Technologies made $645 million in total GAAP net sales, up 37% from the same period the year before.

Adjusted Net Revenue: The adjusted net revenue of $580.6 million represented a 26% year-over-year growth. 

Adjusted EBITDA: SoFi's adjusted EBITDA was $144.3 million, a 91% increase from the previous year. 

Net Income: The company reported a net income of $88 million, marking its second consecutive quarter of GAAP profitability.

Tangible Book Value: Up 14% consecutively to $3.92, the tangible book value per common share

SoFi Earnings Date - FAQs

1. What is SoFi Technologies, Inc.?

SoFi is an American online personal finance company and online bank based in San Francisco.

2. When will SoFi release its Q2 2024 earnings report?

SoFi is anticipated to release its financial results on July 29, 2024.

3. How did SoFi perform financially in Q1 2024?  

SoFi reported total GAAP net sales of $645 million and a net income of $88 million.

4. What was SoFi's closing stock price on June 10, 2024?  

SoFi's closing stock price was $6.99 per share.

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