SoFi Technologies, Inc. has announced its financial results for the third quarter ending September 30, 2024. The company reported a net revenue of $697 million and a net income of $61 million. This reflects growth in both the Financial Services and Tech Platform segments, which together saw a 64% increase, accounting for nearly half of the total adjusted net revenue.

The company's management has also raised its guidance for the fiscal year 2024. SoFi highlighted that it recorded $174 million in capital light, fee-based revenue, emphasizing an increased mix of higher return on equity (ROE) revenue.

"SoFi’s executive management team will host a live audio webcast beginning at 8:00 a.m. Eastern Time (5:00 a.m. Pacific Time) today to discuss the quarter’s financial results and business highlights," according to their announcement. Interested parties can access this webcast through SoFi's Investor Relations website.

SoFi operates as a digital financial services platform aimed at helping members manage their finances more effectively through various products like lending, checking and savings accounts, investment options, credit cards, and more. The company currently serves nearly 9.4 million members.

Additionally, SoFi Bank is regulated by federal entities such as the OCC and FDIC while SoFi itself is overseen by the Federal Reserve as a bank holding company.

Investors are encouraged to regularly check SoFi's website and social media channels for updates that could be deemed material information about the company.