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Investing.com -- SoFi Technologies reported better-than-expected fourth-quarter results on Monday, but its stock tumbled 10% as investors focused on the company's 2025 guidance.
The fintech company posted adjusted earnings per share of $0.05, beating analyst estimates of $0.04. Revenue surged 19% year-over-year to $734.1 million, well above the consensus forecast of $669.2 million.
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.
"2024 was SoFi's best year ever," said CEO Anthony Noto. "Our ability to deliver durable growth and strong returns throughout the year was once again the direct result of our relentless focus on innovation and brand building."
However, SoFi's 2025 guidance appeared to disappoint investors. The company forecast full-year adjusted revenue of $3.2-$3.275 billion and adjusted EBITDA of $845-$865 million. It expects GAAP earnings per share of $0.25-$0.27.
For Q1, it expects to generate $725 to $745 million of adjusted net revenue, $175 to $185 million of adjusted EBITDA, $30 to $40 million of GAAP net income and $0.03 of GAAP EPS.
While those figures represent solid growth, some analysts had been hoping for an even more optimistic outlook. The stock's 10% decline suggests investors were looking for stronger projections.
Despite the pullback, SoFi remains confident in its long-term growth trajectory. The company expects to add at least 2.8 million new members in 2025, representing 28% growth from 2024 levels.