SoFi Technologies Inc Ordinary Shares

SOFI: XNAS (USA)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
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SoFi Earnings: Strong Loan Platform Revenue Drives Acceleration in Growth

Michael Miller

Oct 29, 2024

No-moat-rated SoFi Technologies reported solid third-quarter results thanks to a sharp increase in loan platform revenue, though the reliability of this is in question. Net revenue increased 30% from last year and 16% from last quarter to $697 million. Earnings per share increased to $0.05 from a loss of $0.29 last year. As we incorporate these results, we do not plan to materially alter our $13 fair value estimate. We see the shares as undervalued.

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SoFi Technologies Inc Ordinary Shares

SoFi Earnings: Strong Loan Platform Revenue Drives Acceleration in Growth

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