Slide 1: Q2 2022 Summary Results
Q2 2022 Summary Results August 2022
Slide 2: Disclaimer
Disclaimer Use of Non-GAAP Financial Measures This presentation includes certain non-GAAP financial measures (including on a forward-looking basis) such as Adjusted Net Revenue, Adjusted EBITDA and Adjusted EBITDA Margin. These non-GAAP measures are in addition to, and not a substitute for or superi
Slide 3: Members
Members Second-Highest Quarter for new Members (+450K QoQ) to 4.3M (+69% YoY) (1) Members in thousands New Members (000s) 118 296 350 430 279 377 523 408 450 YoY Growth 59% 74% 90% 110% 113% 96% 87% 70% 69% Note: See “Footnotes” section for detailed explanations and definitions © 2022 Social Finance
Slide 4: Products
Products Second-Highest Quarter for New Products (+702K QoQ) to 6.6M (+79% YoY) Products (2) in thousands New Products (000s) 203 408 471 661 482 601 905 689 702 YoY Growth 89% 101% 113% 121% 123% 108% 105% 84% 79% Note: See “Footnotes” section for detailed explanations and definitions © 2022 Social
Slide 5: Galileo Accounts
Galileo Accounts Reached 117M accounts Galileo Accounts (3) in millions YoY Growth 30% 62% 76% 80% 133% 139% 132% 119% 81% 67% 58% 48% Note: See “Footnotes” section for detailed explanations and definitions © 2022 Social Finance, Inc. Advisory services offered through SoFi Wealth LLC. SoFi Money® is
Slide 6: Lending and Financial Services Products
Lending and Financial Services Products Growth in products & members driven by Financial Services Products, which reached nearly 5.4M (+100% or ~2X YoY) Lending Products (000s): +22% YoY to 1.2M Financial Services Products (000s): 100% YoY Growth YoY Growth 21% 19% 15% 12% 14% 15% 18% 20% 22% YoY Gr
Slide 7: Financial Services Productivity Loop
Financial Services Productivity Loop FSPL has reached an inflection point, which creates marketing efficiencies and improves xBuy Ratio of Financial Services to Lending Products Q2’22 Total: 6,564K Invest: 1,961K 4.5x Money: 1,837K Q2’21 Total: 3,667K Relay: 1,345K Invest: 1,039K CC: 140K Money: 955
Slide 8: Q2 2022 Financial Review
Q2 2022 Financial Review 8
Slide 9: Quarterly Performance
Quarterly Performance Record Adjusted Net Revenue of $356M (50% YoY Growth) and Adjusted EBITDA of $20M (81% YoY Growth), representing two consecutive years of positive quarterly Adjusted EBITDA (4) (6) Quarterly Adjusted Net Revenue ($M) Quarterly Adjusted EBITDA ($M) Note: See “Footnotes” section
Slide 10: Annual Performance
Annual Performance LTM Adjusted Net Revenue of over $1.2B and Adjusted EBITDA of $44M (3) (4) (6) Annual Adjusted Net Revenue ($M) Annual Adjusted EBITDA ($M) Note: See “Footnotes” section for detailed explanations and definitions. The sum of individual metrics may not always equal total amounts ind
Slide 11: Q2'22 Non-GAAP Results vs. Guidance
Q2’22 Non-GAAP Results vs. Guidance Exceeded High End of Adj. Net Revenue and Adj. EBITDA Q2’22 guidance Q2’22 Adj Net Revenue was $356M vs. guidance of $330-340M, representing a $16M beat at the high end Adjusted EBITDA was $20M vs. guidance of $5M to $15M, representing a $5M beat at the high end Q
Slide 12: H2'22 Non-GAAP Guidance
H2‘22 Non-GAAP Guidance For H2’22, we expect $830-835M of adjusted net revenue, up 49-50% YoY and $75-80M of adjusted EBITDA. $ in millions H2'22 Low H2'22 High (4) Adjusted Net Revenue $830 $835 YoY Growth 49% 50% (6) Adjusted EBITDA $75 $80 Adjusted EBITDA Margin 9% 10% Note: See “Footnotes” secti
Slide 13: FY 2022 Non-GAAP Guidance
FY 2022 Non-GAAP Guidance We expect to deliver $1.508-1.513B in Adjusted Net Revenue, $3M above prior guidance and Adjusted EBITDA of $104-109M, $4M above prior guidance Prior 2022 2019 Actual 2020 Actual 2021 Actual 2022 Guidance $ in millions Guidance (4) Adjusted Net Revenue $451 $621 $1,010 $1,5
Slide 14: Financial Supplement
Financial Supplement 14
Slide 15: Company Metrics
Company Metrics (1) (2) (2) (2) Note: See “Footnotes” section for detailed explanations and definitions. The sum of individual metrics may not always equal total amounts indicated due to rounding. © 2022 Social Finance, Inc. Advisory services offered through SoFi Wealth LLC. SoFi Money® is offered t
Slide 16: Segment Financials
Segment Financials (2) (4) (10) (5) (3) (10) (5) (2) (10) (5) Note: See “Footnotes” section for detailed explanations and definitions. The sum of individual metrics may not always equal total amounts indicated due to rounding. © 2022 Social Finance, Inc. Advisory services offered through SoFi Wealth
Slide 17: Non-GAAP Financial Measures
Non-GAAP Financial Measures (7) (8) (4) (9) Note: See “Footnotes” section for detailed explanations and definitions. The sum of individual metrics may not always equal total amounts indicated due to rounding. © 2022 Social Finance, Inc. Advisory services offered through SoFi Wealth LLC. SoFi Money®
Slide 18: Non-GAAP Reconciliations
Non-GAAP Reconciliations (7) (8) (9) (11) (12) (7) (8) Note: See “Footnotes” section for detailed explanations and definitions. The sum of individual metrics may not always equal total amounts indicated due to rounding. © 2022 Social Finance, Inc. Advisory services offered through SoFi Wealth LLC. S
Slide 19: Select Balance Sheet Information
Select Balance Sheet Information Note: The sum of individual metrics may not always equal total amounts indicated due to rounding. © 2021 Social Finance, Inc. Advisory services offered through SoFi Wealth LLC. SoFi Money® is offered through SoFi Securities LLC. SoFi Lending Corp., CFL #6054612. NMLS
Slide 20: Footnotes to Financial Statements
Footnotes to Financial Statements 20
Slide 21: Footnotes
Footnotes (1) We define a member as someone who has a lending relationship with us through origination and/or servicing, opened a financial services account, linked an external account to our platform, or signed up for our credit score monitoring service. Once someone becomes a member, they are alwa
Slide 22: Footnotes
Footnotes (5) The measure of contribution profit (loss) is the primary measure of segment profit and loss reviewed by SoFi in accordance with ASC 280 and is, therefore, only measured and presented herein for total reportable segments. SoFi does not evaluate contribution profit (loss) at the consolid
Slide 23: Footnotes
Footnotes (10) In our determination of the contribution profit (loss) for our Lending, Technology Platform and Financial Services segments, we allocate certain expenses that are directly attributable to the corresponding segment. Directly attributable expenses primarily include compensation and bene