NASDAQ : SOFI
SoFi Technologies, Inc. — Financial statements
Financials · Credit Services · United States
Last price 16.76 USD (Oct 30, 2026, 4:00 PM EDT) · Market cap 21.73B
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Financial statements
Income statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Interest and Dividend Income | 4.41B | 3.38B | 2.81B | 2.05B | 773.37M | 355.02M |
| Total Interest Expense | 1.38B | 1.16B | 1.09B | 789.33M | 189.28M | 102.78M |
| Net Interest Income | 3.03B | 2.22B | 1.72B | 1.26B | 584.10M | 252.24M |
| Other Revenue | 1.20B | 1.15B | 680.26M | 451.91M | 424.07M | 249.86M |
| Revenue Before Loan Losses | 4.73B | 3.61B | 2.67B | 2.12B | 1.57B | 984.87M |
| Provision for Loan Losses | 42.80M | 30.32M | 31.71M | 54.95M | 54.33M | 7.57M |
| Revenue | 4.69B | 3.58B | 2.64B | 2.07B | 1.52B | 977.30M |
| Salaries & Employee Benefits | 247.99M | 247.99M | 232.69M | 260.55M | 288.16M | 227.27M |
| Cost of Services Provided | 3.53B | 2.81B | 2.18B | 1.86B | 1.53B | 1.20B |
| Total Operating Expenses | 3.78B | 3.06B | 2.41B | 2.12B | 1.82B | 1.43B |
| Operating Income | 907.02M | 525.86M | 233.34M | -53.98M | -299.40M | -453.84M |
| EBT Excluding Unusual Items | 907.02M | 525.86M | 233.34M | -53.98M | -299.40M | -453.84M |
| Impairment of Goodwill | -247.17M | |||||
| Pretax Income | 907.02M | 525.86M | 233.34M | -301.16M | -318.72M | -481.18M |
| Income Tax Expense | 169.16M | 44.54M | -265.32M | -416.00K | 1.69M | 2.76M |
| Net Income | 737.86M | 481.32M | 498.67M | -300.74M | -320.41M | -483.94M |
| Preferred Dividends & Other Adjustments | 19.53M | 40.42M | 40.42M | 40.43M | ||
| Net Income to Common | 737.86M | 481.32M | 479.14M | -341.17M | -360.83M | -524.36M |
| Shares Outstanding (Basic) | 1.27B | 1.15B | 1.05B | 945.02M | 900.89M | 526.73M |
| Shares Outstanding (Diluted) | 1.36B | 1.25B | 1.10B | 945.02M | 900.89M | 526.73M |
| EPS (Basic) | 0.58 | 0.42 | 0.46 | -0.36 | -0.40 | -1.00 |
| EPS (Diluted) | 0.54 | 0.39 | 0.39 | -0.36 | -0.40 | -1.00 |
| Free Cash Flow | -3.98B | -1.27B | -7.34B | -7.35B | -1.40B | |
| Free Cash Flow Per Share | -3.18 | -1.16 | -7.76 | -8.16 | -2.66 | |
| Operating Margin | 19.35% | 14.68% | 8.83% | -2.61% | -19.71% | -46.44% |
| Profit Margin | 15.75% | 13.43% | 18.13% | -16.50% | -23.75% | -53.65% |
| Free Cash Flow Margin | -111.22% | -48.20% | -354.89% | -483.74% | -143.51% | |
| Effective Tax Rate | 18.65% | 8.47% |
Balance sheet
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 2.81B | 4.93B | 2.54B | 3.09B | 1.42B | 494.71M |
| Long-Term Investments | 4.99B | 2.68B | 1.94B | 724.86M | 419.59M | 595.39M |
| Trading Asset Securities | 71.96M | 290.71M | 6.92M | 34.61M | 15.34M | |
| Loans & Lease Receivables | 19.73B | 15.17B | 9.84B | 7.56B | 307.96M | 115.91M |
| Other Receivables | 893.48M | 587.50M | 169.85M | 127.05M | 85.52M | |
| Property, Plant & Equipment | 661.47M | 129.87M | 118.93M | 131.10M | 149.65M | 174.43M |
| Goodwill | 1.43B | 1.39B | 1.39B | 1.39B | 1.62B | 898.53M |
| Other Intangible Assets | 572.71M | 990.62M | 890.08M | 719.96M | 709.59M | 505.47M |
| Restricted Cash | 789.19M | 427.32M | 171.07M | 530.56M | 424.39M | 273.73M |
| Other Current Assets | 633.43M | 368.14M | 215.95M | 73.43M | 57.90M | |
| Long-Term Deferred Tax Assets | 249.34M | 267.22M | ||||
| Other Long-Term Assets | 2.77B | 224.25M | 158.99M | 138.73M | 159.42M | 6.42M |
| Total Assets | 67.77B | 50.66B | 36.25B | 30.07B | 19.01B | 9.18B |
| Interest Bearing Deposits | 51.19B | 37.39B | 25.86B | 18.57B | 7.27B | |
| Non-Interest Bearing Deposits | 136.99M | 118.05M | 116.80M | 51.67M | 76.50M | |
| Total Deposits | 51.33B | 37.51B | 25.98B | 18.62B | 7.34B | |
| Accounts Payable | 1.17B | 64.71M | 95.27M | 93.30M | 126.88M | 156.76M |
| Accrued Expenses | 389.27M | 291.76M | 268.87M | 163.67M | 95.50M | |
| Short-Term Debt | 4.55M | 4.60M | 9.25M | 864.00K | ||
| Current Portion of Leases | 27.83M | |||||
| Long-Term Debt | 3.86B | 1.82B | 3.09B | 5.24B | 5.50B | 4.04B |
| Long-Term Leases | 116.01M | 91.11M | 110.91M | 121.82M | 131.44M | 152.97M |
| Long-Term Unearned Revenue | 8.54M | 7.47M | 5.72M | 10.03M | 2.55M | |
| Other Current Liabilities | 155.69M | 91.21M | 103.20M | |||
| Long-Term Deferred Tax Liabilities | 21.43M | 20.16M | 40.23M | 56.48M | 1.79M | |
| Other Long-Term Liabilities | 86.79M | 37.53M | 20.65M | 136.22M | 26.52M | |
| Total Liabilities | 56.47B | 40.17B | 29.73B | 24.52B | 13.48B | 4.48B |
| Common Stock | 129.00K | 126.00K | 109.00K | 97.00K | 93.00K | 83.00K |
| Additional Paid-In Capital | 11.68B | 11.30B | 7.84B | 7.04B | 6.72B | 5.56B |
| Retained Earnings | -259.97M | -824.28M | -1.31B | -1.80B | -1.50B | -1.18B |
| Comprehensive Income & Other | -124.76M | 10.98M | -8.37M | -1.21M | -8.30M | -1.47M |
| Total Common Equity | 11.30B | 10.49B | 6.53B | 5.23B | 5.21B | 4.38B |
| Shareholders' Equity | 11.30B | 10.49B | 6.53B | 5.55B | 5.53B | 4.70B |
| Total Liabilities & Equity | 67.77B | 50.66B | 36.25B | 30.07B | 19.01B | 9.18B |
| Total Debt | 3.98B | 1.94B | 3.20B | 5.37B | 5.64B | 4.20B |
| Net Cash (Debt) | -1.17B | 3.06B | -375.20M | -2.28B | -4.19B | -3.69B |
| Net Cash Per Share | -0.86 | 2.45 | -0.34 | -2.41 | -4.65 | -7.00 |
| Filing Date Shares Outstanding | 1.30B | 1.28B | 1.10B | 976.74M | 934.55M | 828.59M |
| Total Common Shares Outstanding | 1.30B | 1.27B | 1.10B | 975.86M | 933.90M | 828.15M |
| Working Capital | 4.85B | 6.85B | 5.03B | 7.88B | 8.30B | 6.74B |
| Book Value Per Share | 8.71 | 8.26 | 5.96 | 5.36 | 5.58 | 5.29 |
| Tangible Book Value | 9.66B | 8.48B | 4.58B | 3.30B | 3.03B | 3.14B |
| Tangible Book Value Per Share | 7.45 | 6.68 | 4.18 | 3.38 | 3.24 | 3.79 |
Cash flow statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Net Income | 481.32M | 498.67M | -300.74M | -320.41M | -483.94M | |
| Depreciation & Amortization | 203.18M | 178.82M | 185.34M | 151.36M | 101.57M | |
| Other Amortization | 42.31M | 38.15M | 36.18M | 18.29M | 18.29M | |
| Loss (Gain) From Sale of Investments | -1.96M | -2.84M | -48.00K | 13.60M | -6.54M | |
| Asset Writedown & Restructuring Costs | 247.17M | |||||
| Provision for Credit Losses | -320.87M | -126.50M | 10.94M | 54.33M | 7.57M | |
| Loss (Gain) on Equity Investments | 261.00K | |||||
| Stock-Based Compensation | 262.06M | 246.15M | 271.22M | 305.99M | 239.01M | |
| Change in Accounts Payable | 6.37M | -9.02M | ||||
| Change in Other Net Operating Assets | -4.39B | -1.59B | -7.56B | -7.50B | -1.34B | |
| Other Operating Activities | 29.95M | -339.53M | -39.75M | 16.54M | 118.87M | |
| Operating Cash Flow | -3.74B | -1.12B | -7.23B | -7.26B | -1.35B | |
| Capital Expenditures | -242.44M | -154.26M | -111.41M | -93.20M | -52.26M | |
| Cash Acquisitions | -72.30M | 58.54M | ||||
| Sale (Purchase) of Intangibles | -8.67M | -9.35M | -9.78M | -10.53M | ||
| Investment in Securities | -656.58M | -1.23B | -442.24M | -6.24M | -101.30M | |
| Net Decrease (Increase) in Loans Originated / Sold - Investing | -5.81B | -3.43B | -1.25B | -54.90M | 247.06M | |
| Other Investing Activities | 16.69M | |||||
| Investing Cash Flow | -6.72B | -4.82B | -1.89B | -106.33M | 110.19M | |
| Long-Term Debt Issued | 845.25M | 520.55M | 1.86B | 1.19B | ||
| Long-Term Debt Repaid | -1.29B | -2.34B | -800.37M | -516.85M | -2.10B | |
| Net Debt Issued (Repaid) | -1.29B | -1.49B | -279.82M | 1.34B | -908.38M | |
| Preferred Share Repurchases | -323.40M | -132.86M | ||||
| Issuance of Common Stock | 3.22B | 21.41M | 1.15M | 2.61M | 120.20M | |
| Repurchase of Common Stock | -64.99M | -22.60M | -15.30M | -8.98M | -193.17M | |
| Preferred Dividends Paid | -16.50M | -40.42M | -40.42M | -40.43M | ||
| Total Dividends Paid | -16.50M | -40.42M | -40.42M | -40.43M | ||
| Other Financing Activities | 11.24B | 6.87B | 11.22B | 7.14B | 1.84B | |
| Financing Cash Flow | 13.11B | 5.03B | 10.89B | 8.44B | 684.99M | |
| Foreign Exchange Rate Adjustments | -355.00K | 2.00K | 677.00K | 571.00K | 46.00K | |
| Net Cash Flow | 2.65B | -906.22M | 1.77B | 1.08B | -554.99M | |
| Free Cash Flow | -3.98B | -1.27B | -7.34B | -7.35B | -1.40B | |
| Free Cash Flow Margin | -111.22% | -48.20% | -354.89% | -483.74% | -143.51% | |
| Free Cash Flow Per Share | -3.18 | -1.16 | -7.76 | -8.16 | -2.66 | |
| Cash Interest Paid | 1.15B | 1.12B | 720.16M | 150.87M | 94.80M | |
| Cash Income Tax Paid | 28.91M | 26.91M | 14.33M | 2.57M | 1.76M |
Ratios
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 21.73B | 33.00B | 16.71B | 9.54B | 4.28B | 12.76B |
| PE Ratio | 30.83 | 68.56 | 34.88 | |||
| PS Ratio | 4.64 | 9.21 | 6.32 | 4.61 | 2.82 | 13.05 |
| PB Ratio | 1.92 | 3.15 | 2.56 | 1.72 | 0.77 | 2.72 |
| Debt / Equity Ratio | 0.35 | 0.18 | 0.49 | 0.97 | 1.02 | 0.89 |
| Net Debt / Equity Ratio | 0.10 | -0.29 | 0.06 | 0.41 | 0.76 | 0.79 |
| Net Debt / FCF Ratio | 0.77 | -0.29 | -0.31 | -0.57 | -2.63 | |
| Quick Ratio | 0.43 | 0.55 | 0.50 | 0.57 | 0.25 | 2.81 |
| Current Ratio | 1.09 | 1.18 | 1.19 | 1.41 | 2.09 | 27.64 |
| Asset Turnover | 0.08 | 0.08 | 0.08 | 0.08 | 0.11 | 0.11 |
| Return on Equity (ROE) | 7.35% | 5.66% | 8.26% | -5.43% | -6.27% | -12.42% |
| Return on Assets (ROA) | 1.31% | 1.11% | 1.50% | -1.23% | -2.27% | -5.46% |
| Return on Invested Capital (ROIC) | 4.96% | 4.34% | 2.26% | -0.49% | -2.98% | -5.32% |
| Earnings Yield | 3.24% | 1.46% | 2.98% | -3.15% | -7.49% | -3.79% |
| FCF Yield | -40.46% | -12.08% | -7.62% | -76.93% | -171.80% | -10.99% |
| Payout Ratio | 3.31% | |||||
| Buyback Yield / Dilution | -12.51% | -13.65% | -16.55% | -4.90% | -71.03% | -613.23% |