From RTTNews:

SoFi Technologies, Inc. reported a net income of $24.6 million in the fourth quarter, compared to a loss of $50.2 million the year before. The company’s profit per share was $0.02, exceeding analyst expectations of breakeven per share. Total GAAP net revenue for the quarter was $615.4 million, up 35% from the prior-year period. Adjusted net revenue was $594.2 million, beating analyst estimates of $571.49 million. SoFi expects to generate $550 to $560 million of adjusted net revenue in the first quarter, with a GAAP net income of $10 to $20 million. For 2024, the company expects GAAP net income in the range of $95 to $105 million, or GAAP EPS of $0.07 to $0.08. Looking ahead to 2026, the company anticipates 20% to 25% compound revenue growth and GAAP earnings per share between $0.55 and $0.80. Shares of SoFi Technologies rose 10% in pre-market trade on Monday.



Read more: SoFi Technologies Turns To Profit In Q4; Adj. Net Revenue Up 34%