Every SoFi Investor Should Keep an Eye on This Number
To say that SoFi (NASDAQ: SOFI) has shown impressive momentum in the few years since it went public would be an understatement. In the three-year period including 2022, 2023, and 2024, SoFi's membership base nearly tripled, and its bank grew from $0 in deposits (it got its banking charter in early 2022) to nearly $26 billion.There are plenty of impressive numbers throughout SoFi's results that are important to watch. The growth in its third-party lending platform, as well as the progress made by the Galileo technology platform are two big examples.However, there's one unconventional metric that is especially important for SoFi's success, especially when it comes to growing its bottom line.Continue reading
To say that SoFi (NASDAQ: SOFI) has shown impressive momentum in the few years since it went public would be an understatement. In the three-year period including 2022, 2023, and 2024, SoFi's membership base nearly tripled, and its bank grew from $0 in deposits (it got its banking charter in early 2022) to nearly $26 billion.
There are plenty of impressive numbers throughout SoFi's results that are important to watch. The growth in its third-party lending platform, as well as the progress made by the Galileo technology platform are two big examples.
However, there's one unconventional metric that is especially important for SoFi's success, especially when it comes to growing its bottom line.