SoFi Technologies Inc ( SOFI ) stock price declined after it reported its fourth-quarter print Monday. Here’s a look at the key metrics from the quarter.

Q4 Earnings: SoFi reported fourth-quarter adjusted sales of $739.11 million, beating analyst estimates of $674.13 million. The company reported quarterly adjusted earnings of 5 cents per share, beating estimates of 4 cents per share.

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Total adjusted revenue was up 24% on a year-over-year basis. Financial services revenue increased 84% year-over-year, lending segment revenue increased 18% year-over-year and technology platform revenue increased 6% year-over-year.

Net interest income of $470.2 million was up 21% year-over-year, driven by a 23% growth in average interest-earning assets and a 68 basis points decrease in cost of funds.

SoFi said it added 785,000 new members in the quarter, bringing total members up to 10.1 million, up 34% year-over-year. Product additions totaled nearly 1.1 million in the quarter.

CEO Anthony Noto noted 2024 as the company’s best year ever. Noto continued: “In the fourth quarter, our Financial Services and Tech Platform segments made up a record 49% of SoFi’s adjusted net revenue, up from 40% in the year ago quarter. These businesses grew revenue by a combined 52% year-over-year, a testament to our continued execution and deliberate shift towards capital-light, higher ROE, cash, fee based revenue streams.”

Outlook: In the first quarter of 2025, SoFi expects to generate $725 million to $745 million of adjusted net revenue (versus consensus of $691.41 million), $175 million to $185 million of adjusted EBITDA, $30 million to $40 million of GAAP net income and $0.03 of GAAP EPS (below the estimate of $0.05).

For the full year 2025, the company expects adjusted net revenue of $3.200 billion to $3.275 billion (versus consensus of $3.000 billion), which equates to approximately 23 to 26% year-over-year growth, adjusted EBITDA of $845 million to $865 million, GAAP net income of $285 million to $305 million, and GAAP EPS of $0.25 to $0.27 (versus consensus of $0.28). 

Price Action: SOFI stock is down 12.1% at $15.76 at last check Monday.

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