SoFi Technologies reported Q1 results for the quarter ended March 31, with adjusted net revenue up 41% year over year and adjusted diluted EPS up 100%, according to the company. The stock fell about 15% after the release and trades near $16, roughly 51% below its May 20 peak. SoFi added 1.1 million net new customers to 14.7 million, while its technology platform revenue fell 27%.
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SoFi Technologies reported Q1 results for the quarter ended March 31, with adjusted net revenue up 41% year over year and adjusted diluted EPS up 100%, according to the company. Shares fell about 15% after the release and trade near $16, down 51% from a May 20 peak. SoFi added 1.1 million net new customers to 14.7 million total.