SoFi beats earnings and raises guidance

SOFI TECHNOLOGIES, INC. REPORTS
SECOND QUARTER 2022 RESULTS
Record GAAP and Adjusted Net Revenue for Second Quarter 2022
GAAP Net Revenue of $363 Million Up 57%; $356 Million Record Adjusted Net Revenue Up 50% Year-over-Year
Adjusted EBITDA of $20 Million Up 81% Year-over-Year
New Member Adds of Over 450,000; Quarter-End Total Members Up 69% Year-over-Year to Over 4.3 Million
New Product Adds of Over 702,000; Quarter-End Total Products Up 79% Year-over-Year to Nearly 6.6 Million
Management Raises Full-Year 2022 Guidance