SoFi Technologies, Inc. Reports Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended June 30, 2021
August 12, 2021 at 04:10 pm EDT
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SoFi Technologies, Inc. reported unaudited consolidated earnings results for the second quarter and six months ended June 30, 2021. For the quarter, the company reported total interest income of $84,108,000 against $86,065,000 a year ago. Total net revenue was $175,262,000 against $72,205,000 a year ago. Net loss was $165,314,000 or $0.48 per basic share against net income of $7,772,000 or $0.03 per basic share a year ago.
For the six months, the company reported total interest income of $166,636,000 against $183,347,000 a year ago. Total net revenue was $427,258,000 against $193,254,000 a year ago. Net loss was $342,878,000 or $1.50 per basic share against of $98,559,000 or $1.68 per basic share a year ago.
SoFi Technologies, Inc. is a provider of financial services. The Company, through its lending and financial services products, allows members to borrow, save, spend, invest, and protect their money. It operates through three segments: Lending, Technology Platform and Financial Services. The Lending Segment offers personal loans, student loans, home loans and related servicing. Its platform supports the full transaction lifecycle, including credit application, underwriting, approval, funding, and servicing. The Technology Platform segment provide technology platform services through a diversified suite of offerings which include an event and authorization platform accessed via application programming interfaces, a cloud-native digital and core banking platform and services related to both platforms. The Financial Services segment include SoFi Money, SoFi Invest, and other services, including SoFi Credit Card, Lantern Credit, SoFi Relay, SoFi Protect, and SoFi Travel.
SOFI TECHNOLOGIES, INC. 
