SoFi Technologies (SOFI) Revenue — Quarter Ended Mar 31, 2024
Revenue for the quarter was slightly lower than the immediately preceding quarter. Compared with the same quarter one year earlier, revenue was higher.
Key takeaway
Quarter ended Mar 31, 2024 · FY2024 Q1
Revenue for the quarter was slightly lower than the immediately preceding quarter. Compared with the same quarter one year earlier, revenue was higher.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$115.6M
Revenue reported for this quarter.
Quarter-over-quarter
-0.6%
Change from the immediately preceding quarter.
Year-over-year
+21.1%
Change from the comparable year-ago quarter.
Trailing four quarters
$441.6M
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 |
|---|---|---|
| Jun 30, 2023 | $104.7M | +6.4% |
| Sep 30, 2023 | $104.9M | +2.9% |
| Dec 31, 2023 | $116.3M | +16.7% |
| Mar 31, 2024 | $115.6M | +21.1% |
Revenue performance
The reported revenue declined marginally from the prior quarter, reflecting a modest sequential contraction.
Quarterly comparison
Compared with the same quarter one year earlier, revenue increased. The prior quarter had shown a larger sequential gain, while the current quarter's level remained close to that prior period.
What to watch
The slight sequential decline follows a period of steady growth, warranting attention to whether this marks a pause or a shift in trend.