SoFi Remains Optimistic Profitability Is Possible by End of Year
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SoFi Technologies Inc., the online lender suing the Biden administration for its student-loan repayment pause, reported a smaller loss than analysts expected and said it still expects to be profitable this year.
The company’s first-quarter net loss was $34.4 million, less than the $73.3 million estimated in a Bloomberg survey of 11 analysts. The loss was also smaller than the $110.4 million in the same period a year earlier.