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Key Takeaways
- SoFi Technologies pointed to “macro assumptions” in giving weaker-than-expected quarterly and full-year guidance.
- The outlook cancel out fourth-quarter profit and sales that exceeded estimates.
- CEO Anthony Noto said the company had its best year on any occasion.
Shares of SoFi Technologies (SOFI) plunged 10% Monday as the digital financial firm gave lower-than-expected advice based on “macro assumptions” about the future.
The provider of student loans and other banking services expects current-quarter earnings per pay out (EPS) of $0.03, and 2025 EPS between $0.25 and $0.27. Analysts surveyed by Visible Alpha were looking for first-quarter EPS of $0.05 and full-year EPS of $0.28.
The communication offset better-than-expected fourth-quarter results. SoFi reported EPS of $0.29, with revenue rising 19% year-over-year to $734 million. Both comfortably outreached Visible Alpha forecasts.
Revenue at the Financial Services unit skyrocketed 84% to $256.5 million, as the company spread out its product offerings by 34%. Technology Platform division revenue added 6% to $102.8 million, while gross income at the Lending segment grew 18% to $417.8 million, as origination revenue increased 66%.
CEO Anthony Noto called 2024 “SoFi’s wealthiest year ever,” and pointed to the performance of the Financial Services and Tech Platform segments, which made up a record 49% of the plc’s revenue.
SoFi Technologies shares finished last week at their highest level since the fall of 2021. Consideration today’s drop, they have more than doubled their value in the past year.

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