SoFi Technologies (SOFI) Revenue — Quarter Ended Jun 30, 2024
Revenue for the quarter increased compared to the prior quarter and rose relative to the same quarter last year. The sequential growth was modest, while the year-over-year gain was more pronounced.
Key takeaway
Quarter ended Jun 30, 2024 · FY2024 Q2
Revenue for the quarter increased compared to the prior quarter and rose relative to the same quarter last year. The sequential growth was modest, while the year-over-year gain was more pronounced.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$120.8M
Revenue reported for this quarter.
Quarter-over-quarter
+4.5%
Change from the immediately preceding quarter.
Year-over-year
+15.4%
Change from the comparable year-ago quarter.
Trailing four quarters
$457.7M
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 |
|---|---|---|
| Sep 30, 2023 | $104.9M | +2.9% |
| Dec 31, 2023 | $116.3M | +16.7% |
| Mar 31, 2024 | $115.6M | +21.1% |
| Jun 30, 2024 | $120.8M | +15.4% |
Revenue performance
The reported revenue moved higher, continuing the upward trajectory seen in recent quarters. The pace of sequential growth slowed from the prior quarter's increase.
Quarterly comparison
Compared with the immediately preceding quarter, revenue improved. When measured against the same quarter one year earlier, revenue also showed an increase.
What to watch
The sequential growth rate decelerated from the prior quarter, which may warrant attention in future filings.