SoFi Technologies, Inc., a digital financial services company, has released its financial results for the third quarter ending September 30, 2023. The announcement was made on October 30, 2023. A live audio webcast will be held at 8:00 a.m. Eastern Time today to discuss these results and business highlights.

SoFi operates as a comprehensive platform offering various financial services designed to help members manage their finances. The company aims to assist its over 6.9 million members in borrowing, saving, spending, investing, and protecting their money through a single app. SoFi also provides resources such as career advisors and financial planners.

The company is organized into three main business segments: Lending; Financial Services; and Technology Platform. SoFi Bank, N.A., affiliated with SoFi and regulated by federal entities like the OCC and FDIC, plays a crucial role in this structure.

Certain statements in the report are forward-looking and not historical facts. These include expectations for adjusted net revenue and EBITDA for the year 2023 and predictions about future profitability across its business segments. Factors affecting these projections include macroeconomic conditions like inflation rates and regulatory impacts.

Non-GAAP financial measures such as adjusted net revenue and EBITDA were presented as supplementary information to standard GAAP measures. These metrics are used internally by SoFi for evaluating performance but have limitations when compared directly with other companies' reports.

For further details on risks and uncertainties that may impact future performance, investors are advised to consult the "Risk Factors" section in SoFi's latest quarterly report filed with the SEC.