SoFi CEO Anthony Noto on CNBC discussing Q2'25 earnings

Transcript

Joining us this morning, first on CNBC is Sofi CEO, Anthony Nodo. Anthony, great to have you. Good morning. Good morning, Carl. Thanks for having me. We mentioned the low numbers, but also the crypto investing. I mean, they're both powerful themes. Which one is more important right now? Well, I'd say it's the combination of everything, Carl. We just reported 44% year over year revenue growth to $858,000, 000 with 29% operating margins. A lot of investors look at something called the rule of 40, which is revenue growth plus your EBITDA or operating income margin. And we hit 70 today, well in excess of 40. So we're seeing the growth of a technology company and the profitability of a financial company in one quarter, but it's actually happened for the last 13 quarters. And the thing that's really driving is our diverse platform of businesses. Our strategy is to be a one stop shop, which means we have to have products across borrow, save, spend, invest and protect. And because we have that broad array of products, we're able to really diversify our growth and put capital in a lot of different areas to grow. This quarter actually saw exceptional growth across all three of our. Businesses and that's how we got to 44% growth, which is our highest year year growth rate in the last two years with really strong profitability at 29% margins.