$SoFi Technologies Inc.(SOFI)$ is really crushing it! In 2024, they saw a 26% revenue increase, hitting an all-time high, and broke records with EBITDA, adjusted EPS, and net income! Even though they’re still in growth mode, this is their first year of profitability.
Sure, their valuation might be higher than peers, but their tangible book value grew by a massive 39%.What’s even more exciting is they now have 10.1 million members, a 34% increase, and their deposits hit $25 billion.
Considering they only got their banking license in 2022, that’s huge! Plus, they’re rapidly expanding their loan platform, creating low risk, high return revenue streams.
Bottom line, I’m super bullish on this stock! Holding tight, there’s a lot of potential here!
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
