SoFi Technologies reports strong Q4 results but stock drops on guidance
SoFi (NASDAQ: SOFI) saw strong growth across its business segments in Q4. Financial Services revenue jumped 84% to $256.5 million while Lending revenue rose 18% to $417.8 million. The company added a record 785,000 new members in the quarter, bringing its total to over 10.1 million, up 34% year-over-year.