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Income Statement (USD)
| Q4 '24 | QoQ | |
|---|---|---|
| Revenue | 736M | 5.5% |
| Gross Profit | 607M | 5.9% |
| Cost of Revenue | 128M | 3.6% |
| Operating expense | 618M | 22.5% |
| Net Income | 332M | 447.3% |
Balance Sheet (USD)
| Q4 '24 | QoQ | |
|---|---|---|
| Total Assets | 36.3B | 5.4% |
| Total Liabilities | 29.7B | 5.2% |
| Total Equity | 6.53B | 6.6% |
| Shares Outstanding | 1.1B | 1% |
Cash Flow (USD)
| Q4 '24 | QoQ | |
|---|---|---|
| Cash from operations | -200M | 82.9% |
| Cash from investing | -1.28B | 1424.8% |
| Cash from financing | 1.22B | 18.3% |
EPS
Financial Highlights for SoFi in Q4 '24
SoFi reported a revenue of 736M, which is a 5.5% change from the previous quarter. An increase in revenue typically indicates growing demand for the company's products or services. This positive change in revenue is a good sign, suggesting that the company's sales are moving in the right direction.
Gross Profit stood at 607M, marking a 5.9% change since the last quarter. Gross profit showcases the efficiency in production and sales processes.
Cost of Revenue was 128M, a 3.6% difference from the previous quarter. A rising cost of revenue may suggest increased production or sales costs, which can impact margins. However, if accompanied by a proportionate rise in revenue, it could indicate scaling operations.
Operating Expenses for this period were 618M, showing a 22.5% change from the last quarter. Operating expenses cover the costs of running daily business operations. A significant increase might indicate inefficiencies or investments in growth, while a decrease could suggest cost-saving measures or potential underinvestment in key areas.
Net Income for the quarter was 332M, showing a 447.3% change from the prior quarter. Net income provides a clear picture of the company's profitability after all expenses. An increase suggests the company is becoming more profitable, while a decrease may raise concerns about the company's financial health, unless there are specific one-time costs or investments.
It was a positive quarter for SoFi with growth in revenue, gross profit, and net income. Higher operating expenses might indicate increased investments or potential inefficiencies. A decline in EBITDA signals potential operational challenges or increased costs.
