SoFi Technologies reports Q1 EPS (5c), consensus (7c)

Reports Q1 adjusted revenue $460.16M, consensus $441.02M. "We delivered another quarter of record financial results and generated our eighth consecutive quarter of record adjusted net revenue, which was up 43% year-over-year. We also generated our third consecutive quarter of record adjusted EBITDA at $76 million, representing a 48% incremental EBITDA margin and a 16% margin overall, as well as a 54% incremental GAAP net income margin," said Anthony Noto, CEO of SoFi Technologies, Inc. "Strength across all three of our business segments – Lending, Technology Platform and Financial Services – drove these record results."