SoFi Technologies (SOFI) Revenue — Quarter Ended Dec 31, 2024
Revenue for the quarter increased compared to the prior quarter and rose relative to the same quarter a year earlier. The sequential growth was modest, while the year-over-year gain was more pronounced.
Key takeaway
Quarter ended Dec 31, 2024 · FY2024 Q4
Revenue for the quarter increased compared to the prior quarter and rose relative to the same quarter a year earlier. 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
$135.5M
Revenue reported for this quarter.
Quarter-over-quarter
+3.3%
Change from the immediately preceding quarter.
Year-over-year
+16.5%
Change from the comparable year-ago quarter.
Trailing four quarters
$503.1M
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, 2024 | $115.6M | +21.1% |
| Jun 30, 2024 | $120.8M | +15.4% |
| Sep 30, 2024 | $131.2M | +25.0% |
| Dec 31, 2024 | $135.5M | +16.5% |
Revenue performance
The reported revenue moved higher, continuing the upward trajectory observed throughout the fiscal year.
Quarterly comparison
Compared with the immediately preceding quarter, revenue increased at a slower pace than the prior sequential change. Versus the same quarter one year earlier, revenue showed a solid increase.
What to watch
The filing context discusses liquidity risks related to early amortization events and potential impacts on loan origination and growth.