A product of the special-purpose acquisition company (SPAC) boom, SoFi has been beaten down along with most other growth stocks and even more lately due to investor concerns about the banking industry after several high-profile failures. While SoFi isn't profitable on the basis of generally accepted accounting principles (GAAP) yet, it generated its highest quarterly adjusted revenue and earnings before interest, taxes, depreciation, and amortization (EBITDA) to date. Since that point, it has grown its deposit base from zero to more than $10 billion, and as this source of low-cost funding continues to grow, profitability should follow.