SoFi's Trading Volume Plummets 54.78% to $1.063 Billion, Ranking 77th Despite Strong Q1 Financials

On April 30, 2025, SoFi Technologies (SOFI) experienced a significant decline in trading volume, with a 54.78% decrease from the previous day, totaling $1.063 billion. This placed SoFi at the 77th position in terms of trading volume for the day. The stock price of SoFi also decreased by 5.73%.

SoFi reported strong financial results for the first quarter of 2025, with GAAP net income reaching $71.1 million and diluted earnings per share at $0.06. The company's adjusted EBITDA for the quarter was a record $210 million, marking a 46% year-over-year increase. The adjusted EBITDA margin for the quarter was 27%, with an incremental EBITDA margin of 35%. Net income for the quarter was $71 million, with a margin of 9% and earnings per share at $0.06. The company's tangible book value ended the quarter at $5.1 billion, a year-over-year increase of $946 million.

SoFi's strong financial performance is attributed to its continued investments in brand building and product innovation. The company added a record 800,000 new members in Q1, driving a 34% year-over-year growth to reach 10.9 million members. Additionally, SoFi added 1.2 million new products, representing a 35% year-over-year growth to over 15.9 million products. The company's financial services and technology platform segments generated $407 million of revenue, up 66% year-over-year. In the lending segment, adjusted net revenue grew 27% year-over-year to $412 million, driven by strong originations of $5.7 billion, up 30% from the prior year. Total fee-based revenue across the business was a quarterly record at $315 million, up 67% from the prior year.

SoFi's brand-building efforts include the inaugural season of TGL presented by SoFi, a new tech-driven stadium golf league that attracted over 20 million total viewers on ESPN. The company also became the presenting partner of the Country Music Association's CMA Fest, enhancing the fan experience for SoFi Plus members through exclusive perks. SoFi's product innovation includes the growth of its SoFi Money business, which has grown annualized debit spending to over $14 billion and total deposits to $27.3 billion. The company's loan platform business has grown to an annualized run rate of over $6 billion of originations and more than $380 million of additional high-margin, high-return fee-based revenue. SoFi Invest also saw significant growth, with 2.7 million products, up 21% year-over-year, and improved member engagement.