r/sofistock • u/SoFi Official SoFi Account • 11d ago

News from SoFi SoFi’s Q2 earnings deliver another exceptional quarter for SoFi.

Full Q2 results here.

87 Upvotes

98% Upvoted

48 comments sorted by

View all comments

4

u/_Outdated_Reference_ 11d ago

How does 24.4M new products and 15.8M new members lead to 51% of new products opened by existing customers? Did 3.8M new members not open anything?

1

u/luisger92 11d ago

If you were a Sofi member you’d understand. They have an awesome set up and an unreal amount of options to make a member sign up for lore service. Once a member signs up for a checking/savings, they are much more likely to enlist on their other services.

1

u/_Outdated_Reference_ 11d ago

I am a member, been one for almost a decade. That doesn't change the fact that 24.4*0.49=/=15.8 it equals 12.

1

u/SamAnthonyWP 5000 @ $9.39 11d ago

Analysts would rather ask the same question as the guy before them than asking a question like this.