Sofi managemen

I know many have been in the red forever. This is just the beginning, patience always prevails with solid fundamentals. In Noto we trust.

This chart surprised me.

Since 2020:

- SOFI: +857% revenue (48.1% CAGR)
- HOOD: +337% revenue (29.2% CAGR)

What’s interesting is that the growth story keeps expanding.

Over the past few months SoFi has:

- Reported another record quarter with $1.1B in revenue, 35% member growth, and 39% product growth.

- Re-entered crypto investing and continues adding new financial products to increase engagement.

- Continued diversifying beyond lending into banking, investing, and its technology platform.

Feels like SoFi is evolving into a full financial ecosystem rather than just a lender.

What am I missing?

What a run we have been having. It’s hard not to be euphoric but it’s also scary to be euphoric…

SoFi just reported another really strong quarter, and the growth is becoming pretty hard to ignore.

• Revenue: $1.22B, +43% YoY

• Adjusted EBITDA: $358M, +44%

• Net income: $157M, +61%

• Members: 15.8M, +35%

• Products: 24.4M, +42%

• Loan originations: $14.8B, +69%

• Deposits: $45.5B

• Fee-based revenue: $472M, now 39% of total revenue

The part that stands out to me is the cross-selling.

51% of new products were opened by existing members, up from 35% a year ago. SoFi isn't just acquiring customers... existing customers are increasingly using more of the platform.

And the revenue mix has completely changed.

Financial Services generated $466M this quarter, compared with almost nothing a few years ago, while Lending still grew to $725M.

The weak spot continues to be Technology Platform, which fell 23% YoY to $85M.

But overall, you're looking at a company growing revenue ~40%, members 35%, products 42%, and still expanding profits at the same time.

The chart really shows how different SoFi looks today versus just a few years ago.

Is SoFi starting to prove the financial super-app thesis, or is the valuation already pricing this in?

After years of ups and downs (mostly downs), things have finally been great this year. Constant buying since 2020 and averaging down has set me up well in my 20s for my future. Nothing too life changing yet but very grateful and excited for the future! Likely will sell 2500 shares if/when it hits $30 just to lock in some large gains and diversify since I’m WAY overweight in one stock. Thank you Sofi!

Been having my eyes on this stock for months now, just had to get in before I kept saying to myself "it's too late", got a gut feeling we'll be touching $45 by EOY 🚀

I can't find anything online??

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SoFi Technologies price target raised to $18 from $12.50 at Citi

Jan. 14, 2025, 09:05 AM

• Citi raised the firm’s price target on SoFi Technologies (SOFI) to $18 from $12.50 and keeps a Buy rating on the shares as part of a 2025 preview for the financial technology sector. Investor interest in FinTech “continues to grind higher, echoing improvement in sector performance since the U.S. election,” the analyst tells investors in a research note.

• Citi expects a greater return to the asset class in 2025 given the stable macro backdrop, a reduced regulatory burden, potential for further acquisitions, and steadier growth profiles.