SoFi Technologies’ shares rose 3.3% on Monday, ending the session at $17.13 after touching an intraday high of $17.43. The trade volume reached roughly 76 million shares, marking a 16% increase over the stock’s typical daily flow. Investors noted the price movement amid a broader market rally that also highlighted crypto‑related fintech firms.
Quarterly Performance Highlights
Revenue for the latest quarter climbed to $1.09 billion, a 42.6% year‑over‑year surge that outpaced the consensus forecast of $1.05 billion. Adjusted EBITDA jumped 62% to a record $340 million, underscoring solid operational momentum. Earnings per share aligned with expectations at $0.12, reinforcing confidence among market participants.
Member growth accelerated as