SoFi Reports Another Profitable Quarter, Says ‘2024 Remains a Transitional Year’

SoFi Technologies posted its second straight quarter of profitability, topped revenue estimates, and boosted its fiscal-year guidance on Monday. Adjusted net revenue of $580.65 million in the quarter was above analysts’ consensus call for $555 million. For its second quarter, SoFi sees adjusted net revenue of $555 million to $565 million.