SoFi Technologies (SOFI) Revenue — Quarter Ended Dec 31, 2023
Revenue for the quarter increased compared to both the prior quarter and the same quarter a year earlier. The sequential growth was smaller than the year-over-year gain.
Key takeaway
Quarter ended Dec 31, 2023 · FY2023 Q4
Revenue for the quarter increased compared to both the prior quarter and the same quarter a year earlier. The sequential growth was smaller than the year-over-year gain.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$116.3M
Revenue reported for this quarter.
Quarter-over-quarter
+10.9%
Change from the immediately preceding quarter.
Year-over-year
+16.7%
Change from the comparable year-ago quarter.
Trailing four quarters
$421.5M
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 |
|---|---|---|
| Mar 31, 2023 | $95.5M | +24.0% |
| Jun 30, 2023 | $104.7M | +6.4% |
| Sep 30, 2023 | $104.9M | +2.9% |
| Dec 31, 2023 | $116.3M | +16.7% |
Revenue performance
Reported revenue rose from the immediately preceding quarter, continuing an upward trend seen throughout the fiscal year.
Quarterly comparison
Compared with the same quarter one year earlier, revenue was higher, and the year-over-year increase was larger than the sequential change from the prior quarter.
What to watch
The filing discusses risks related to early amortization events and defaults that could affect liquidity and loan origination capacity.