SoFi Technologies (SOFI) Revenue — Quarter Ended Sep 30, 2023
Revenue for the quarter increased compared to both the prior quarter and the same quarter last year. The growth rate, however, was the smallest among recent quarters.
Key takeaway
Quarter ended Sep 30, 2023 · FY2023 Q3
Revenue for the quarter increased compared to both the prior quarter and the same quarter last year. The growth rate, however, was the smallest among recent quarters.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$104.9M
Revenue reported for this quarter.
Quarter-over-quarter
+0.2%
Change from the immediately preceding quarter.
Year-over-year
+2.9%
Change from the comparable year-ago quarter.
Trailing four quarters
$404.8M
Sum of the latest four reported quarters.
Quarterly revenue trend
The latest four reported quarters with year-over-year comparisons.
| Period ended | Revenue | Year-over-year change |
|---|---|---|
| Dec 31, 2022 | $99.6M | +40.6% |
| Mar 31, 2023 | $95.5M | +24.0% |
| Jun 30, 2023 | $104.7M | +6.4% |
| Sep 30, 2023 | $104.9M | +2.9% |
Revenue performance
Revenue rose slightly from the preceding quarter and was higher than a year ago. The increase was modest relative to earlier periods.
Quarterly comparison
Compared to the immediately preceding quarter, revenue edged higher. Versus the same quarter one year earlier, revenue also showed an increase.
What to watch
The deceleration in revenue growth warrants attention in upcoming quarters.