Fintech
Digital financial services company offering banking, lending, investing, and financial planning through a single app.
View forensic reportSoFi's bank charter has transformed its funding costs, member economics, and competitive moat. At $18 billion market cap with $2.7 billion in revenue and 9 million members, the Research Desk breaks down why this is the most underappreciated fintech story in the market.
Revenue surged 83% to $4.8 billion with operating income hitting $1.7 billion. SoFi's enterprise banking and SoFiUSD launches suggest the consumer fintech label is already outdated.
A sum-of-parts analysis shows SoFi's technology platform alone could justify the current market cap. The lending business and 10 million members come free.
SoFi doubled revenue to $4.8 billion and turned profitable for the first time. At $21 billion market cap, the market is pricing a neobank — but SoFi is building a technology platform.
SoFi just posted its first full year of profitability with $500 million in net income. The bulls are celebrating. They should be worried.