SoFi Technologies (NASDAQ:SOFI) just lit up Q1and the numbers weren't just good. They were a statement. Revenue surged to a record $772 million, up 33% year-over-year, while adjusted EBITDA jumped 46% to $210 million. This marks the company's sixth straight profitable quarter, with net income landing at $71 million. CEO Anthony Noto called it SoFi's strongest revenue growth in over a year, powered by 800,000 new members, a rapidly scaling loan platform, and a big boost in fee-based income. The Financial Services segmentdriven by SoFi Money, Invest, and Relaymore than doubled revenue, showing the strength of the company's full-stack financial ecosystem.
You don't have to look far to see the momentum. The chart says it all: consistent top-line growth, shrinking losses flipping to gains, and EBITDA turning sharply positive. In fact, Q1 was the clearest sign yet that SoFi is evolving from a high-growth fintech into a durable, cash-generating business. Net income, once a sea of red, is now a rising green bar. Meanwhile, EBITDAonce elusivehas taken a definitive turn upwards. And revenue? It's up and to the right, quarter after quarter. SoFi is no longer just growingit's scaling.
And they're not slowing down. Management just raised full-year guidance across the board: adjusted revenue is now expected to hit up to $3.31 billion, adjusted EBITDA as high as $895 million, and GAAP net income could reach $330 million. Book value is rising, charge-offs are falling, and product adoption is accelerating. In short: SoFi's flywheel is workingand it's picking up speed.
This article first appeared on GuruFocus.Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.