SoFi Technologies Inc. (NASDAQ: SOFI) surged more than 5% in pre-market trading after delivering another strong quarter. Earnings per share (EPS) of 13 cents beat expectations for 11 cents by 18%. It was also a 160% improvement on a year-over-year (YOY) basis.
But the number generating the most enthusiasm came on the top line. SoFi delivered quarterly revenue of $1.01 billion. This was the first time in the company’s history that it had hit that landmark. The revenue number was also up 36% YOY, due in part to the addition of 1 million new customers in the quarter.
