SoFi Technologies (SOFI) Revenue — Quarter Ended Sep 30, 2024
Revenue increased in the current quarter compared to both the prior quarter and the same quarter last year. The growth rate versus the prior quarter was lower than the year-over-year rate.
Key takeaway
Quarter ended Sep 30, 2024 · FY2024 Q3
Revenue increased in the current quarter compared to both the prior quarter and the same quarter last year. The growth rate versus the prior quarter was lower than the year-over-year rate.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$131.2M
Revenue reported for this quarter.
Quarter-over-quarter
+8.6%
Change from the immediately preceding quarter.
Year-over-year
+25.0%
Change from the comparable year-ago quarter.
Trailing four quarters
$484M
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, 2023 | $116.3M | +16.7% |
| Mar 31, 2024 | $115.6M | +21.1% |
| Jun 30, 2024 | $120.8M | +15.4% |
| Sep 30, 2024 | $131.2M | +25.0% |
Revenue performance
The reported revenue rose from the immediately preceding quarter, continuing an upward trajectory. The year-over-year comparison also showed a substantial increase.
Quarterly comparison
Revenue in the current quarter was higher than in the prior quarter and significantly higher than in the same quarter one year earlier. The sequential growth was smaller than the annual growth.
What to watch
The sequential revenue growth rate moderated compared to the prior quarter's pace.