Annual Income Statements for SoFi Technologies
This table shows SoFi Technologies' income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.
Quarterly Income Statements for SoFi Technologies
This table shows SoFi Technologies' income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.
Metric |
|
Q4 2022 |
Q1 2023 |
Q2 2023 |
Q3 2023 |
Q4 2023 |
Q1 2024 |
Q2 2024 |
Q3 2024 |
Q4 2024 |
Q1 2025 |
Q2 2025 |
Net Income / (Loss) Attributable to Common Shareholders |
|
-32 |
-34 |
-46 |
-267 |
47 |
87 |
17 |
61 |
332 |
71 |
97 |
Consolidated Net Income / (Loss) |
|
-40 |
-34 |
-48 |
-267 |
48 |
88 |
17 |
61 |
332 |
71 |
97 |
Net Income / (Loss) Continuing Operations |
|
-40 |
-34 |
-48 |
-267 |
48 |
88 |
17 |
61 |
332 |
71 |
97 |
Total Pre-Tax Income |
|
-39 |
-36 |
-49 |
-267 |
51 |
94 |
15 |
64 |
60 |
80 |
112 |
Total Revenue |
|
457 |
472 |
498 |
537 |
615 |
645 |
599 |
697 |
734 |
772 |
855 |
Net Interest Income / (Expense) |
|
209 |
236 |
291 |
345 |
390 |
403 |
413 |
431 |
470 |
499 |
518 |
Total Interest Income |
|
307 |
372 |
470 |
564 |
645 |
666 |
675 |
723 |
744 |
764 |
792 |
Loans and Leases Interest Income |
|
308 |
360 |
445 |
540 |
599 |
620 |
621 |
672 |
689 |
713 |
739 |
Other Interest Income |
|
7.11 |
11 |
25 |
24 |
46 |
46 |
54 |
51 |
55 |
51 |
54 |
Total Interest Expense |
|
99 |
136 |
179 |
219 |
256 |
263 |
262 |
292 |
274 |
265 |
275 |
Deposits Interest Expense |
|
151 |
73 |
107 |
209 |
363 |
211 |
249 |
279 |
320 |
254 |
263 |
Long-Term Debt Interest Expense |
|
-52 |
62 |
72 |
9.78 |
-108 |
52 |
13 |
13 |
-46 |
11 |
12 |
Other Interest Expense |
|
0.12 |
0.11 |
0.11 |
0.11 |
0.11 |
- |
0.11 |
0.11 |
0.11 |
0.12 |
0.18 |
Total Non-Interest Income |
|
248 |
236 |
207 |
192 |
226 |
242 |
186 |
266 |
264 |
273 |
337 |
Service Charges on Deposit Accounts |
|
81 |
73 |
82 |
82 |
87 |
86 |
147 |
91 |
88 |
86 |
162 |
Other Service Charges |
|
35 |
40 |
34 |
35 |
56 |
100 |
39 |
105 |
102 |
138 |
175 |
Provision for Credit Losses |
|
- |
- |
- |
- |
- |
7.18 |
12 |
- |
- |
5.68 |
10 |
Total Non-Interest Expense |
|
441 |
508 |
547 |
804 |
509 |
544 |
572 |
633 |
642 |
686 |
733 |
Marketing Expense |
|
287 |
292 |
310 |
312 |
317 |
298 |
317 |
355 |
378 |
394 |
417 |
Other Operating Expenses |
|
209 |
216 |
238 |
245 |
248 |
245 |
255 |
279 |
296 |
292 |
316 |
Income Tax Expense |
|
1.06 |
-1.64 |
-1.78 |
-0.24 |
3.25 |
6.18 |
-2.06 |
3.11 |
-273 |
8.67 |
15 |
Basic Earnings per Share |
|
($0.05) |
($0.05) |
($0.06) |
($0.29) |
$0.04 |
$0.08 |
$0.01 |
$0.06 |
$0.31 |
$0.06 |
$0.09 |
Weighted Average Basic Shares Outstanding |
|
900.89M |
929.27M |
936.57M |
951.18M |
945.02M |
982.62M |
1.06B |
1.07B |
1.05B |
1.10B |
1.11B |
Diluted Earnings per Share |
|
($0.05) |
($0.05) |
($0.06) |
($0.29) |
$0.04 |
$0.02 |
$0.01 |
$0.05 |
$0.31 |
$0.06 |
$0.08 |
Weighted Average Diluted Shares Outstanding |
|
900.89M |
929.27M |
936.57M |
951.18M |
945.02M |
1.04B |
1.07B |
1.10B |
1.10B |
1.19B |
1.18B |
Weighted Average Basic & Diluted Shares Outstanding |
|
934.55M |
940.90M |
950.11M |
958.74M |
976.74M |
1.06B |
1.07B |
1.09B |
1.10B |
1.11B |
1.20B |
Annual Cash Flow Statements for SoFi Technologies
This table details how cash moves in and out of SoFi Technologies' business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.
Metric |
|
2019 |
2020 |
2021 |
2022 |
2023 |
2024 |
Net Change in Cash & Equivalents |
|
153 |
633 |
-555 |
1,078 |
1,769 |
-906 |
Net Cash From Operating Activities |
|
-55 |
-479 |
-1,350 |
-7,256 |
-7,227 |
-1,120 |
Net Cash From Continuing Operating Activities |
|
-55 |
-479 |
-1,350 |
-7,342 |
-7,227 |
-1,120 |
Net Income / (Loss) Continuing Operations |
|
-240 |
-224 |
-484 |
-320 |
-301 |
499 |
Consolidated Net Income / (Loss) |
|
-240 |
-224 |
-484 |
-320 |
-301 |
499 |
Provision For Loan Losses |
|
- |
0.00 |
7.57 |
- |
55 |
32 |
Depreciation Expense |
|
16 |
70 |
102 |
151 |
201 |
203 |
Amortization Expense |
|
33 |
28 |
18 |
18 |
20 |
13 |
Non-Cash Adjustments to Reconcile Net Income |
|
121 |
44 |
352 |
323 |
430 |
-254 |
Changes in Operating Assets and Liabilities, net |
|
14 |
-397 |
-1,345 |
-7,514 |
-7,633 |
-1,613 |
Net Cash From Investing Activities |
|
115 |
259 |
110 |
-106 |
-1,890 |
-4,821 |
Net Cash From Continuing Investing Activities |
|
115 |
259 |
110 |
-30 |
-1,870 |
-5,480 |
Purchase of Property, Leasehold Improvements and Equipment |
|
- |
0.00 |
0.00 |
11 |
9.78 |
9.35 |
Purchase of Investment Securities |
|
-41 |
-57 |
-321 |
-80 |
-2,413 |
-6,566 |
Sale and/or Maturity of Investments |
|
165 |
324 |
431 |
39 |
533 |
1,077 |
Other Investing Activities, net |
|
-9.05 |
-7.64 |
0.00 |
- |
0.00 |
0.00 |
Net Cash From Financing Activities |
|
93 |
854 |
685 |
8,439 |
10,886 |
5,035 |
Net Cash From Continuing Financing Activities |
|
93 |
854 |
685 |
8,439 |
10,886 |
5,035 |
Net Change in Deposits |
|
- |
0.00 |
0.00 |
7,153 |
11,232 |
6,954 |
Issuance of Debt |
|
12,400 |
547 |
1,192 |
1,858 |
521 |
-1,137 |
Repayment of Debt |
|
-12,832 |
4.91 |
-2,110 |
-525 |
-812 |
-361 |
Repurchase of Preferred Equity |
|
0.00 |
0.00 |
-283 |
0.00 |
0.00 |
-323 |
Payment of Dividends |
|
-24 |
-41 |
-40 |
-40 |
-40 |
-17 |
Other Financing Activities, Net |
|
-14 |
-27 |
1,927 |
-6.37 |
-14 |
-82 |
Effect of Exchange Rate Changes |
|
-0.01 |
-0.15 |
0.05 |
0.57 |
0.68 |
0.00 |
Cash Interest Paid |
|
225 |
129 |
95 |
151 |
720 |
1,118 |
Cash Income Taxes Paid |
|
0.01 |
0.53 |
1.76 |
2.57 |
14 |
27 |
Quarterly Cash Flow Statements for SoFi Technologies
This table details how cash moves in and out of SoFi Technologies' business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.
Metric |
|
Q4 2022 |
Q1 2023 |
Q2 2023 |
Q3 2023 |
Q4 2023 |
Q1 2024 |
Q2 2024 |
Q3 2024 |
Q4 2024 |
Q1 2025 |
Q2 2025 |
Net Change in Cash & Equivalents |
|
585 |
1,131 |
524 |
-204 |
319 |
532 |
-1,416 |
238 |
-260 |
6.78 |
-1.53 |
Net Cash From Operating Activities |
|
-2,419 |
-2,213 |
-2,080 |
-2,687 |
-248 |
738 |
-484 |
-1,174 |
-200 |
22 |
-1,467 |
Net Cash From Continuing Operating Activities |
|
-2,505 |
-2,213 |
-2,080 |
-2,737 |
-198 |
738 |
-484 |
-1,174 |
-200 |
22 |
-1,467 |
Net Income / (Loss) Continuing Operations |
|
-40 |
-34 |
-48 |
-267 |
48 |
88 |
17 |
61 |
332 |
71 |
97 |
Consolidated Net Income / (Loss) |
|
-40 |
-34 |
-48 |
-267 |
48 |
88 |
17 |
61 |
332 |
71 |
97 |
Provision For Loan Losses |
|
- |
8.41 |
13 |
- |
- |
7.18 |
12 |
6.01 |
6.88 |
5.68 |
10 |
Depreciation Expense |
|
42 |
45 |
50 |
53 |
53 |
49 |
50 |
52 |
54 |
55 |
57 |
Amortization Expense |
|
6.19 |
4.85 |
5.71 |
4.49 |
5.06 |
4.23 |
3.98 |
2.61 |
2.66 |
2.44 |
2.92 |
Non-Cash Adjustments to Reconcile Net Income |
|
60 |
62 |
70 |
308 |
-10 |
-39 |
33 |
-29 |
-216 |
-13 |
405 |
Changes in Operating Assets and Liabilities, net |
|
-2,534 |
-2,299 |
-2,171 |
-2,814 |
-349 |
629 |
-600 |
-1,265 |
-380 |
-100 |
-2,039 |
Net Cash From Investing Activities |
|
-51 |
-40 |
-268 |
-169 |
-1,414 |
-1,261 |
-2,195 |
-84 |
-1,281 |
-1,440 |
-1,722 |
Net Cash From Continuing Investing Activities |
|
14 |
-35 |
-263 |
-168 |
-1,405 |
-1,257 |
-2,189 |
-79 |
-1,955 |
-1,437 |
-1,717 |
Purchase of Property, Leasehold Improvements and Equipment |
|
5.02 |
2.81 |
2.25 |
2.37 |
2.35 |
2.13 |
2.76 |
2.50 |
1.97 |
1.64 |
2.53 |
Purchase of Investment Securities |
|
166 |
-339 |
-313 |
-177 |
-1,584 |
-1,402 |
-2,545 |
-874 |
-1,745 |
-1,573 |
-2,067 |
Sale and/or Maturity of Investments |
|
-157 |
302 |
48 |
6.55 |
177 |
143 |
353 |
792 |
-212 |
134 |
347 |
Net Cash From Financing Activities |
|
3,055 |
3,384 |
2,871 |
2,651 |
1,980 |
1,055 |
1,263 |
1,495 |
1,221 |
1,426 |
3,188 |
Net Cash From Continuing Financing Activities |
|
3,055 |
3,384 |
2,871 |
2,651 |
1,980 |
1,055 |
1,263 |
1,495 |
1,221 |
1,426 |
3,188 |
Net Change in Deposits |
|
2,294 |
2,755 |
2,638 |
2,904 |
2,935 |
2,897 |
1,400 |
1,357 |
1,300 |
1,481 |
2,286 |
Issuance of Debt |
|
1,037 |
784 |
521 |
-62 |
-722 |
-1,582 |
334 |
186 |
-76 |
-31 |
899 |
Repayment of Debt |
|
-255 |
-152 |
-264 |
-188 |
-209 |
-176 |
-128 |
-43 |
-15 |
-18 |
-4.46 |
Other Financing Activities, Net |
|
-1.39 |
-2.25 |
-4.21 |
-3.18 |
-4.51 |
-84 |
-3.83 |
-4.75 |
11 |
-5.40 |
-3.70 |
Effect of Exchange Rate Changes |
|
0.34 |
-0.29 |
0.39 |
0.10 |
0.48 |
-0.18 |
-0.14 |
0.56 |
-0.25 |
-0.27 |
-0.56 |
Annual Balance Sheets for SoFi Technologies
This table presents SoFi Technologies' assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.
Metric |
|
2020 |
2021 |
2022 |
2023 |
2024 |
Total Assets |
|
8,563 |
9,176 |
19,008 |
30,075 |
36,251 |
Cash and Due from Banks |
|
873 |
495 |
1,422 |
3,085 |
2,538 |
Restricted Cash |
|
451 |
274 |
424 |
531 |
171 |
Trading Account Securities |
|
108 |
589 |
397 |
702 |
1,896 |
Loans and Leases, Net of Allowance |
|
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
Loans Held for Sale |
|
- |
5,953 |
13,557 |
15,397 |
17,685 |
Premises and Equipment, Net |
|
81 |
112 |
170 |
217 |
288 |
Goodwill |
|
899 |
899 |
1,623 |
1,394 |
1,394 |
Intangible Assets |
|
355 |
285 |
442 |
364 |
298 |
Other Assets |
|
5,779 |
571 |
972 |
8,386 |
11,982 |
Total Liabilities & Shareholders' Equity |
|
8,563 |
9,176 |
19,008 |
30,075 |
36,251 |
Total Liabilities |
|
5,510 |
4,479 |
13,479 |
24,520 |
29,726 |
Non-Interest Bearing Deposits |
|
- |
0.00 |
77 |
52 |
117 |
Interest Bearing Deposits |
|
- |
0.00 |
7,266 |
18,569 |
25,861 |
Long-Term Debt |
|
4,799 |
3,948 |
5,486 |
5,233 |
3,093 |
Other Long-Term Liabilities |
|
711 |
531 |
651 |
666 |
655 |
Commitments & Contingencies |
|
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
Total Equity & Noncontrolling Interests |
|
-120 |
4,377 |
5,208 |
5,235 |
6,525 |
Total Preferred & Common Equity |
|
-120 |
4,377 |
5,208 |
5,235 |
6,525 |
Total Common Equity |
|
-120 |
4,377 |
5,208 |
5,235 |
6,525 |
Common Stock |
|
579 |
5,562 |
6,720 |
7,040 |
7,839 |
Retained Earnings |
|
-699 |
-1,183 |
-1,504 |
-1,804 |
-1,306 |
Accumulated Other Comprehensive Income / (Loss) |
|
-0.17 |
-1.47 |
-8.30 |
-1.21 |
-8.37 |
Quarterly Balance Sheets for SoFi Technologies
This table presents SoFi Technologies' assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.
Metric |
|
Q3 2022 |
Q1 2023 |
Q2 2023 |
Q3 2023 |
Q1 2024 |
Q2 2024 |
Q3 2024 |
Q1 2025 |
Q2 2025 |
Total Assets |
|
15,835 |
22,453 |
25,561 |
27,977 |
31,306 |
32,642 |
34,380 |
37,749 |
41,112 |
Cash and Due from Banks |
|
935 |
2,488 |
3,016 |
2,814 |
3,693 |
2,335 |
2,355 |
2,086 |
2,123 |
Restricted Cash |
|
326 |
490 |
485 |
483 |
455 |
397 |
615 |
630 |
592 |
Trading Account Securities |
|
195 |
360 |
548 |
580 |
973 |
1,566 |
1,554 |
2,153 |
2,375 |
Loans and Leases, Net of Allowance |
|
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
Loans Held for Sale |
|
- |
15,858 |
18,214 |
20,994 |
15,116 |
15,894 |
17,325 |
18,226 |
20,063 |
Premises and Equipment, Net |
|
164 |
180 |
191 |
202 |
228 |
246 |
266 |
317 |
355 |
Goodwill |
|
1,623 |
1,623 |
1,641 |
1,394 |
1,394 |
1,394 |
1,394 |
1,394 |
1,394 |
Intangible Assets |
|
457 |
420 |
412 |
387 |
347 |
331 |
315 |
280 |
264 |
Other Assets |
|
12,134 |
1,034 |
1,043 |
1,124 |
9,099 |
10,479 |
10,557 |
12,664 |
13,948 |
Total Liabilities & Shareholders' Equity |
|
15,835 |
22,453 |
25,561 |
27,977 |
31,306 |
32,642 |
34,380 |
37,749 |
41,112 |
Total Liabilities |
|
10,334 |
16,899 |
19,983 |
22,603 |
25,160 |
26,740 |
28,259 |
31,071 |
34,252 |
Non-Interest Bearing Deposits |
|
90 |
72 |
68 |
65 |
54 |
51 |
56 |
120 |
130 |
Interest Bearing Deposits |
|
4,942 |
10,016 |
12,672 |
15,607 |
21,550 |
22,946 |
24,352 |
27,136 |
29,411 |
Long-Term Debt |
|
4,569 |
6,126 |
6,484 |
6,241 |
2,891 |
3,107 |
3,180 |
3,046 |
3,943 |
Other Long-Term Liabilities |
|
733 |
685 |
748 |
690 |
664 |
637 |
671 |
768 |
768 |
Commitments & Contingencies |
|
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
Total Equity & Noncontrolling Interests |
|
5,181 |
5,234 |
5,258 |
5,053 |
5,826 |
5,901 |
6,121 |
6,679 |
6,861 |
Total Preferred & Common Equity |
|
5,181 |
5,234 |
5,258 |
5,053 |
5,826 |
5,901 |
6,121 |
6,679 |
6,861 |
Total Common Equity |
|
5,181 |
5,234 |
5,258 |
5,053 |
5,826 |
5,901 |
6,121 |
6,679 |
6,861 |
Common Stock |
|
6,654 |
6,778 |
6,848 |
6,905 |
7,544 |
7,602 |
7,751 |
7,910 |
7,994 |
Retained Earnings |
|
-1,464 |
-1,538 |
-1,585 |
-1,852 |
-1,716 |
-1,699 |
-1,638 |
-1,234 |
-1,137 |
Accumulated Other Comprehensive Income / (Loss) |
|
-9.60 |
-6.34 |
-5.12 |
0.60 |
-2.09 |
-1.48 |
8.11 |
2.83 |
3.59 |
Annual Metrics And Ratios for SoFi Technologies
This table displays calculated financial ratios and metrics derived from SoFi Technologies' official financial filings.
Metric |
|
2019 |
2020 |
2021 |
2022 |
2023 |
2024 |
Growth Metrics |
|
- |
- |
- |
- |
- |
- |
Revenue Growth |
|
0.00% |
27.76% |
74.15% |
59.77% |
34.91% |
26.01% |
EBITDA Growth |
|
0.00% |
-20.97% |
-56.84% |
73.78% |
73.94% |
2,052.10% |
EBIT Growth |
|
0.00% |
-37.11% |
-46.47% |
45.05% |
6.87% |
207.65% |
NOPAT Growth |
|
0.00% |
-37.11% |
-46.47% |
33.76% |
5.51% |
336.55% |
Net Income Growth |
|
0.00% |
6.53% |
-115.99% |
33.79% |
6.14% |
265.81% |
EPS Growth |
|
0.00% |
-6.97% |
76.74% |
60.00% |
10.00% |
208.33% |
Operating Cash Flow Growth |
|
0.00% |
-775.77% |
-181.68% |
-437.38% |
0.40% |
84.51% |
Free Cash Flow Firm Growth |
|
0.00% |
0.00% |
86.02% |
-129.36% |
100.58% |
9,124.02% |
Invested Capital Growth |
|
0.00% |
0.00% |
10.10% |
27.40% |
-2.05% |
-8.33% |
Revenue Q/Q Growth |
|
0.00% |
0.00% |
0.00% |
12.20% |
8.08% |
4.64% |
EBITDA Q/Q Growth |
|
0.00% |
0.00% |
0.00% |
60.11% |
80.31% |
-3.36% |
EBIT Q/Q Growth |
|
0.00% |
0.00% |
0.00% |
32.07% |
26.93% |
-5.18% |
NOPAT Q/Q Growth |
|
0.00% |
0.00% |
0.00% |
18.11% |
23.03% |
132.91% |
Net Income Q/Q Growth |
|
0.00% |
0.00% |
0.00% |
18.14% |
22.62% |
132.91% |
EPS Q/Q Growth |
|
0.00% |
0.00% |
0.00% |
-150.63% |
20.00% |
225.00% |
Operating Cash Flow Q/Q Growth |
|
0.00% |
0.00% |
-1,141.59% |
-19.47% |
23.10% |
4.10% |
Free Cash Flow Firm Q/Q Growth |
|
0.00% |
0.00% |
0.00% |
0.00% |
100.83% |
-44.73% |
Invested Capital Q/Q Growth |
|
0.00% |
0.00% |
0.00% |
9.38% |
-7.12% |
6.33% |
Profitability Metrics |
|
- |
- |
- |
- |
- |
- |
EBITDA Margin |
|
-43.02% |
-40.74% |
-36.69% |
-6.02% |
-1.16% |
18.02% |
EBIT Margin |
|
-54.13% |
-58.09% |
-48.86% |
-16.80% |
-11.60% |
9.91% |
Profit (Net Income) Margin |
|
-54.15% |
-39.62% |
-49.14% |
-20.36% |
-14.17% |
18.64% |
Tax Burden Percent |
|
100.04% |
68.20% |
100.57% |
100.53% |
99.86% |
213.70% |
Interest Burden Percent |
|
100.00% |
100.00% |
100.00% |
120.55% |
122.32% |
88.04% |
Effective Tax Rate |
|
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
-113.70% |
Return on Invested Capital (ROIC) |
|
0.00% |
-5.86% |
-4.08% |
-2.27% |
-1.93% |
4.82% |
ROIC Less NNEP Spread (ROIC-NNEP) |
|
0.00% |
-5.61% |
-7.45% |
-4.33% |
-3.61% |
4.82% |
Return on Net Nonoperating Assets (RNNOA) |
|
0.00% |
-8.82% |
-8.40% |
-4.00% |
-3.49% |
3.43% |
Return on Equity (ROE) |
|
0.00% |
-14.67% |
-12.49% |
-6.27% |
-5.43% |
8.26% |
Cash Return on Invested Capital (CROIC) |
|
0.00% |
-205.86% |
-13.70% |
-26.37% |
0.14% |
13.51% |
Operating Return on Assets (OROA) |
|
0.00% |
-3.84% |
-5.42% |
-1.88% |
-1.00% |
0.80% |
Return on Assets (ROA) |
|
0.00% |
-2.62% |
-5.46% |
-2.27% |
-1.23% |
1.50% |
Return on Common Equity (ROCE) |
|
0.00% |
0.58% |
-6.86% |
-5.87% |
-5.11% |
8.04% |
Return on Equity Simple (ROE_SIMPLE) |
|
0.00% |
186.53% |
-11.06% |
-6.15% |
-5.75% |
7.64% |
Net Operating Profit after Tax (NOPAT) |
|
-168 |
-230 |
-337 |
-223 |
-211 |
499 |
NOPAT Margin |
|
-37.89% |
-40.66% |
-34.20% |
-14.18% |
-9.93% |
18.64% |
Net Nonoperating Expense Percent (NNEP) |
|
0.00% |
-0.25% |
3.36% |
2.06% |
1.68% |
0.00% |
SG&A Expenses to Revenue |
|
93.45% |
84.48% |
71.38% |
65.02% |
57.98% |
50.40% |
Operating Expenses to Revenue |
|
154.13% |
158.09% |
148.86% |
116.80% |
111.60% |
90.09% |
Earnings before Interest and Taxes (EBIT) |
|
-240 |
-329 |
-481 |
-264 |
-246 |
265 |
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA) |
|
-190 |
-230 |
-361 |
-95 |
-25 |
482 |
Valuation Ratios |
|
- |
- |
- |
- |
- |
- |
Price to Book Value (P/BV) |
|
0.00 |
0.00 |
2.91 |
0.82 |
1.82 |
2.56 |
Price to Tangible Book Value (P/TBV) |
|
0.00 |
0.00 |
3.99 |
1.36 |
2.74 |
3.46 |
Price to Revenue (P/Rev) |
|
1.58 |
2.21 |
12.95 |
2.72 |
4.49 |
6.25 |
Price to Earnings (P/E) |
|
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
33.51 |
Dividend Yield |
|
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
Earnings Yield |
|
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
2.98% |
Enterprise Value to Invested Capital (EV/IC) |
|
0.00 |
1.01 |
1.88 |
0.75 |
1.06 |
1.73 |
Enterprise Value to Revenue (EV/Rev) |
|
0.00 |
13.97 |
16.51 |
5.24 |
5.41 |
6.41 |
Enterprise Value to EBITDA (EV/EBITDA) |
|
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
35.59 |
Enterprise Value to EBIT (EV/EBIT) |
|
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
64.72 |
Enterprise Value to NOPAT (EV/NOPAT) |
|
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
34.40 |
Enterprise Value to Operating Cash Flow (EV/OCF) |
|
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
Enterprise Value to Free Cash Flow (EV/FCFF) |
|
0.00 |
0.00 |
0.00 |
0.00 |
757.83 |
12.28 |
Leverage & Solvency |
|
- |
- |
- |
- |
- |
- |
Debt to Equity |
|
0.00 |
1.57 |
0.84 |
0.99 |
0.94 |
0.49 |
Long-Term Debt to Equity |
|
0.00 |
1.57 |
0.84 |
0.99 |
0.94 |
0.49 |
Financial Leverage |
|
0.00 |
1.57 |
1.13 |
0.92 |
0.97 |
0.71 |
Leverage Ratio |
|
0.00 |
2.80 |
2.29 |
2.76 |
4.43 |
5.51 |
Compound Leverage Factor |
|
0.00 |
2.80 |
2.29 |
3.32 |
5.42 |
4.85 |
Debt to Total Capital |
|
0.00% |
61.11% |
45.66% |
49.81% |
48.51% |
32.72% |
Short-Term Debt to Total Capital |
|
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
Long-Term Debt to Total Capital |
|
0.00% |
61.11% |
45.66% |
49.81% |
48.51% |
32.72% |
Preferred Equity to Total Capital |
|
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
Noncontrolling Interests to Total Capital |
|
0.00% |
40.42% |
3.71% |
2.91% |
2.97% |
0.00% |
Common Equity to Total Capital |
|
0.00% |
-1.53% |
50.63% |
47.28% |
48.52% |
67.28% |
Debt to EBITDA |
|
0.00 |
-20.83 |
-10.93 |
-57.91 |
-211.94 |
6.58 |
Net Debt to EBITDA |
|
0.00 |
-15.09 |
-8.80 |
-38.42 |
-65.52 |
0.92 |
Long-Term Debt to EBITDA |
|
0.00 |
-20.83 |
-10.93 |
-57.91 |
-211.94 |
6.58 |
Debt to NOPAT |
|
0.00 |
-20.87 |
-11.72 |
-24.59 |
-24.83 |
6.36 |
Net Debt to NOPAT |
|
0.00 |
-15.11 |
-9.44 |
-16.31 |
-7.67 |
0.89 |
Long-Term Debt to NOPAT |
|
0.00 |
-20.87 |
-11.72 |
-24.59 |
-24.83 |
6.36 |
Noncontrolling Interest Sharing Ratio |
|
0.00% |
103.93% |
45.08% |
6.27% |
5.78% |
2.65% |
Liquidity Ratios |
|
- |
- |
- |
- |
- |
- |
Cash Flow Metrics |
|
- |
- |
- |
- |
- |
- |
Free Cash Flow to Firm (FCFF) |
|
0.00 |
-8,082 |
-1,130 |
-2,592 |
15 |
1,397 |
Operating Cash Flow to CapEx |
|
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
Free Cash Flow to Firm to Interest Expense |
|
0.00 |
-43.55 |
-10.99 |
-13.69 |
0.02 |
1.28 |
Operating Cash Flow to Interest Expense |
|
-0.20 |
-2.58 |
-13.14 |
-38.34 |
-9.16 |
-1.03 |
Operating Cash Flow Less CapEx to Interest Expense |
|
-0.20 |
-2.58 |
-13.14 |
-38.28 |
-9.14 |
-1.02 |
Efficiency Ratios |
|
- |
- |
- |
- |
- |
- |
Asset Turnover |
|
0.00 |
0.07 |
0.11 |
0.11 |
0.09 |
0.08 |
Fixed Asset Turnover |
|
0.00 |
6.94 |
10.19 |
11.16 |
10.97 |
10.60 |
Capital & Investment Metrics |
|
- |
- |
- |
- |
- |
- |
Invested Capital |
|
0.00 |
7,852 |
8,646 |
11,014 |
10,788 |
9,890 |
Invested Capital Turnover |
|
0.00 |
0.14 |
0.12 |
0.16 |
0.19 |
0.26 |
Increase / (Decrease) in Invested Capital |
|
0.00 |
7,852 |
793 |
2,369 |
-226 |
-898 |
Enterprise Value (EV) |
|
0.00 |
7,901 |
16,257 |
8,238 |
11,478 |
17,155 |
Market Capitalization |
|
700 |
1,252 |
12,757 |
4,278 |
9,539 |
16,711 |
Book Value per Share |
|
$0.00 |
($1.19) |
$5.42 |
$5.61 |
$5.46 |
$6.01 |
Tangible Book Value per Share |
|
$0.00 |
($13.66) |
$3.96 |
$3.39 |
$3.63 |
$4.45 |
Total Capital |
|
0.00 |
7,852 |
8,646 |
11,014 |
10,788 |
9,699 |
Total Debt |
|
0.00 |
4,799 |
3,948 |
5,486 |
5,233 |
3,174 |
Total Long-Term Debt |
|
0.00 |
4,799 |
3,948 |
5,486 |
5,233 |
3,174 |
Net Debt |
|
0.00 |
3,475 |
3,180 |
3,640 |
1,618 |
443 |
Capital Expenditures (CapEx) |
|
0.00 |
0.00 |
0.00 |
-11 |
-9.78 |
-9.35 |
Net Nonoperating Expense (NNE) |
|
72 |
-5.91 |
147 |
97 |
90 |
0.00 |
Net Nonoperating Obligations (NNO) |
|
0.00 |
4,799 |
3,948 |
5,486 |
5,233 |
3,365 |
Total Depreciation and Amortization (D&A) |
|
49 |
98 |
120 |
170 |
222 |
217 |
Earnings Adjustments |
|
- |
- |
- |
- |
- |
- |
Adjusted Basic Earnings per Share |
|
$0.00 |
$0.00 |
($1.00) |
($0.40) |
($0.36) |
$0.46 |
Adjusted Weighted Average Basic Shares Outstanding |
|
0.00 |
0.00 |
526.73M |
900.89M |
945.02M |
1.05B |
Adjusted Diluted Earnings per Share |
|
$0.00 |
$0.00 |
($1.00) |
($0.40) |
($0.36) |
$0.39 |
Adjusted Weighted Average Diluted Shares Outstanding |
|
0.00 |
0.00 |
526.73M |
900.89M |
945.02M |
1.10B |
Adjusted Basic & Diluted Earnings per Share |
|
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
Adjusted Weighted Average Basic & Diluted Shares Outstanding |
|
0.00 |
0.00 |
828.59M |
934.55M |
976.74M |
1.10B |
Normalized Net Operating Profit after Tax (NOPAT) |
|
-168 |
-230 |
-337 |
-223 |
-38 |
163 |
Normalized NOPAT Margin |
|
-37.89% |
-40.66% |
-34.20% |
-14.18% |
-1.78% |
6.11% |
Pre Tax Income Margin |
|
-54.13% |
-58.09% |
-48.86% |
-20.26% |
-14.19% |
8.72% |
Debt Service Ratios |
|
- |
- |
- |
- |
- |
- |
EBIT to Interest Expense |
|
-0.86 |
-1.77 |
-4.68 |
-1.40 |
-0.31 |
0.24 |
NOPAT to Interest Expense |
|
-0.60 |
-1.24 |
-3.28 |
-1.18 |
-0.27 |
0.46 |
EBIT Less CapEx to Interest Expense |
|
-0.86 |
-1.77 |
-4.68 |
-1.34 |
-0.30 |
0.25 |
NOPAT Less CapEx to Interest Expense |
|
-0.60 |
-1.24 |
-3.28 |
-1.12 |
-0.25 |
0.47 |
Payout Ratios |
|
- |
- |
- |
- |
- |
- |
Dividend Payout Ratio |
|
-9.98% |
-18.09% |
-8.35% |
-12.62% |
-13.44% |
3.31% |
Augmented Payout Ratio |
|
-13.65% |
-18.11% |
-8.46% |
-12.62% |
-13.44% |
3.31% |
Quarterly Metrics And Ratios for SoFi Technologies
This table displays calculated financial ratios and metrics derived from SoFi Technologies' official financial filings.
Metric |
|
Q4 2022 |
Q1 2023 |
Q2 2023 |
Q3 2023 |
Q4 2023 |
Q1 2024 |
Q2 2024 |
Q3 2024 |
Q4 2024 |
Q1 2025 |
Q2 2025 |
Growth Metrics |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
Revenue Growth |
|
59.90% |
42.93% |
37.37% |
26.70% |
34.76% |
36.61% |
20.20% |
29.77% |
19.29% |
19.65% |
42.82% |
EBITDA Growth |
|
181.05% |
118.89% |
112.11% |
-594.88% |
157.51% |
941.50% |
959.28% |
156.34% |
-10.19% |
-10.81% |
149.30% |
EBIT Growth |
|
114.05% |
67.10% |
48.46% |
-258.53% |
589.74% |
361.31% |
131.10% |
123.92% |
-13.63% |
-21.33% |
631.37% |
NOPAT Growth |
|
64.42% |
67.10% |
48.46% |
-258.53% |
275.74% |
448.81% |
150.40% |
132.51% |
593.91% |
-19.23% |
458.85% |
Net Income Growth |
|
63.96% |
68.81% |
50.38% |
-259.37% |
219.76% |
355.78% |
136.60% |
122.78% |
593.91% |
-19.23% |
458.85% |
EPS Growth |
|
-104.39% |
64.29% |
50.00% |
-222.22% |
180.00% |
140.00% |
116.67% |
117.24% |
675.00% |
200.00% |
700.00% |
Operating Cash Flow Growth |
|
-95.65% |
-118.82% |
-119.98% |
6.73% |
89.75% |
133.36% |
76.71% |
56.32% |
19.29% |
-97.09% |
-202.85% |
Free Cash Flow Firm Growth |
|
0.00% |
87.29% |
-17.04% |
37.76% |
111.43% |
317.01% |
207.15% |
237.07% |
349.42% |
-122.57% |
-155.27% |
Invested Capital Growth |
|
27.40% |
11.80% |
30.68% |
15.35% |
-2.05% |
-22.63% |
-25.32% |
-19.92% |
-8.33% |
7.61% |
19.93% |
Revenue Q/Q Growth |
|
7.71% |
3.39% |
5.48% |
7.87% |
14.56% |
4.81% |
-7.19% |
16.46% |
5.31% |
5.13% |
10.78% |
EBITDA Q/Q Growth |
|
311.59% |
-77.92% |
-53.89% |
-3,325.60% |
178.41% |
-10.70% |
-53.10% |
71.55% |
25.01% |
-6.99% |
24.98% |
EBIT Q/Q Growth |
|
120.66% |
-334.41% |
-36.80% |
-441.12% |
139.75% |
-11.19% |
-83.72% |
316.26% |
43.51% |
-12.94% |
40.62% |
NOPAT Q/Q Growth |
|
47.69% |
7.42% |
-36.80% |
-441.12% |
125.64% |
83.76% |
-80.23% |
249.03% |
447.33% |
-78.61% |
36.77% |
Net Income Q/Q Growth |
|
46.09% |
13.96% |
-38.14% |
-460.86% |
117.97% |
83.76% |
-80.23% |
249.03% |
447.33% |
-78.61% |
36.77% |
EPS Q/Q Growth |
|
44.44% |
0.00% |
-20.00% |
-383.33% |
113.79% |
-50.00% |
-50.00% |
400.00% |
520.00% |
-80.65% |
33.33% |
Operating Cash Flow Q/Q Growth |
|
16.02% |
8.52% |
6.00% |
-29.16% |
90.77% |
397.75% |
-165.61% |
-142.29% |
82.95% |
110.75% |
-6,922.19% |
Free Cash Flow Firm Q/Q Growth |
|
13.90% |
47.48% |
-127.82% |
39.58% |
115.81% |
897.08% |
12.49% |
-22.71% |
-48.16% |
-150.07% |
-175.51% |
Invested Capital Q/Q Growth |
|
9.38% |
6.04% |
3.27% |
-3.71% |
-7.12% |
-16.23% |
-0.32% |
3.26% |
6.33% |
-1.67% |
11.09% |
Profitability Metrics |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
EBITDA Margin |
|
14.00% |
2.99% |
1.31% |
-39.08% |
26.75% |
22.79% |
11.52% |
16.96% |
20.14% |
17.82% |
20.10% |
EBIT Margin |
|
3.37% |
-7.64% |
-9.91% |
-49.69% |
17.24% |
14.61% |
2.56% |
9.16% |
12.48% |
10.34% |
13.12% |
Profit (Net Income) Margin |
|
-8.76% |
-7.29% |
-9.55% |
-49.64% |
7.79% |
13.65% |
2.91% |
8.71% |
45.29% |
9.21% |
11.38% |
Tax Burden Percent |
|
102.71% |
95.46% |
96.39% |
99.91% |
93.66% |
93.44% |
113.46% |
95.13% |
554.82% |
89.14% |
86.69% |
Interest Burden Percent |
|
-253.20% |
100.00% |
100.00% |
100.00% |
48.22% |
100.00% |
100.00% |
100.00% |
65.39% |
100.00% |
100.00% |
Effective Tax Rate |
|
0.00% |
0.00% |
0.00% |
0.00% |
6.34% |
6.56% |
-13.46% |
4.87% |
-454.82% |
10.86% |
13.31% |
Return on Invested Capital (ROIC) |
|
-0.96% |
-0.83% |
-1.21% |
-6.30% |
1.52% |
3.03% |
0.66% |
2.13% |
11.72% |
2.75% |
3.51% |
ROIC Less NNEP Spread (ROIC-NNEP) |
|
-1.23% |
-1.00% |
-1.46% |
-7.78% |
1.52% |
3.03% |
0.66% |
2.13% |
11.72% |
2.75% |
3.51% |
Return on Net Nonoperating Assets (RNNOA) |
|
-1.13% |
-0.99% |
-1.35% |
-7.73% |
1.47% |
2.33% |
0.55% |
1.75% |
8.34% |
1.27% |
1.94% |
Return on Equity (ROE) |
|
-2.09% |
-1.82% |
-2.55% |
-14.03% |
2.98% |
5.36% |
1.21% |
3.88% |
20.06% |
4.03% |
5.45% |
Cash Return on Invested Capital (CROIC) |
|
-26.37% |
-12.70% |
-27.91% |
-16.78% |
0.14% |
24.36% |
28.29% |
24.17% |
13.51% |
-2.19% |
-12.45% |
Operating Return on Assets (OROA) |
|
0.38% |
-0.76% |
-0.96% |
-4.46% |
1.49% |
1.25% |
0.21% |
0.75% |
1.00% |
0.84% |
1.09% |
Return on Assets (ROA) |
|
-0.98% |
-0.72% |
-0.92% |
-4.45% |
0.67% |
1.17% |
0.24% |
0.71% |
3.64% |
0.75% |
0.94% |
Return on Common Equity (ROCE) |
|
-1.96% |
-1.71% |
-2.40% |
-13.20% |
2.81% |
5.06% |
1.18% |
3.77% |
19.52% |
3.93% |
5.45% |
Return on Equity Simple (ROE_SIMPLE) |
|
0.00% |
-4.67% |
-3.73% |
-7.69% |
0.00% |
-3.06% |
-1.92% |
3.50% |
0.00% |
7.21% |
8.19% |
Net Operating Profit after Tax (NOPAT) |
|
-27 |
-25 |
-35 |
-187 |
48 |
88 |
17 |
61 |
332 |
71 |
97 |
NOPAT Margin |
|
-5.97% |
-5.35% |
-6.93% |
-34.78% |
7.79% |
13.65% |
2.91% |
8.71% |
45.29% |
9.21% |
11.38% |
Net Nonoperating Expense Percent (NNEP) |
|
0.27% |
0.17% |
0.26% |
1.48% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
SG&A Expenses to Revenue |
|
62.84% |
61.89% |
62.18% |
58.16% |
51.43% |
46.25% |
52.94% |
50.87% |
51.52% |
51.10% |
48.76% |
Operating Expenses to Revenue |
|
96.63% |
107.64% |
109.91% |
149.69% |
82.76% |
85.39% |
97.44% |
90.84% |
87.52% |
88.93% |
85.70% |
Earnings before Interest and Taxes (EBIT) |
|
15 |
-36 |
-49 |
-267 |
106 |
94 |
15 |
64 |
92 |
80 |
112 |
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA) |
|
64 |
14 |
6.51 |
-210 |
165 |
147 |
69 |
118 |
148 |
138 |
172 |
Valuation Ratios |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
Price to Book Value (P/BV) |
|
0.82 |
1.08 |
1.49 |
1.50 |
1.82 |
1.20 |
1.18 |
1.37 |
2.56 |
1.91 |
2.93 |
Price to Tangible Book Value (P/TBV) |
|
1.36 |
1.78 |
2.45 |
2.32 |
2.74 |
1.71 |
1.67 |
1.90 |
3.46 |
2.55 |
3.87 |
Price to Revenue (P/Rev) |
|
2.72 |
3.31 |
4.24 |
3.87 |
4.49 |
3.05 |
2.92 |
3.28 |
6.25 |
4.55 |
6.58 |
Price to Earnings (P/E) |
|
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
39.25 |
33.51 |
26.42 |
35.79 |
Dividend Yield |
|
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
Earnings Yield |
|
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
2.55% |
2.98% |
3.78% |
2.79% |
Enterprise Value to Invested Capital (EV/IC) |
|
0.75 |
0.78 |
0.92 |
0.93 |
1.06 |
0.67 |
0.82 |
0.92 |
1.73 |
1.35 |
1.98 |
Enterprise Value to Revenue (EV/Rev) |
|
5.24 |
5.33 |
6.02 |
5.53 |
5.41 |
2.64 |
3.07 |
3.36 |
6.41 |
4.67 |
6.98 |
Enterprise Value to EBITDA (EV/EBITDA) |
|
0.00 |
0.00 |
205.22 |
0.00 |
0.00 |
56.04 |
43.16 |
17.22 |
35.59 |
27.77 |
39.28 |
Enterprise Value to EBIT (EV/EBIT) |
|
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
30.73 |
64.72 |
52.52 |
67.64 |
Enterprise Value to NOPAT (EV/NOPAT) |
|
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
40.11 |
34.40 |
27.16 |
38.03 |
Enterprise Value to Operating Cash Flow (EV/OCF) |
|
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
Enterprise Value to Free Cash Flow (EV/FCFF) |
|
0.00 |
0.00 |
0.00 |
0.00 |
757.83 |
2.40 |
2.47 |
3.40 |
12.28 |
0.00 |
0.00 |
Leverage & Solvency |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
Debt to Equity |
|
0.99 |
1.10 |
1.16 |
1.16 |
0.94 |
0.47 |
0.53 |
0.52 |
0.49 |
0.46 |
0.57 |
Long-Term Debt to Equity |
|
0.99 |
1.10 |
1.16 |
1.16 |
0.94 |
0.47 |
0.53 |
0.52 |
0.49 |
0.46 |
0.57 |
Financial Leverage |
|
0.92 |
1.00 |
0.92 |
0.99 |
0.97 |
0.77 |
0.84 |
0.82 |
0.71 |
0.46 |
0.55 |
Leverage Ratio |
|
2.76 |
3.13 |
3.45 |
4.03 |
4.43 |
4.59 |
5.07 |
5.42 |
5.51 |
5.38 |
5.78 |
Compound Leverage Factor |
|
-6.98 |
3.13 |
3.45 |
4.03 |
2.14 |
4.59 |
5.07 |
5.42 |
3.61 |
5.38 |
5.78 |
Debt to Total Capital |
|
49.81% |
52.44% |
53.76% |
53.73% |
48.51% |
31.99% |
34.49% |
34.19% |
32.72% |
31.32% |
36.50% |
Short-Term Debt to Total Capital |
|
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
Long-Term Debt to Total Capital |
|
49.81% |
52.44% |
53.76% |
53.73% |
48.51% |
31.99% |
34.49% |
34.19% |
32.72% |
31.32% |
36.50% |
Preferred Equity to Total Capital |
|
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
Noncontrolling Interests to Total Capital |
|
2.91% |
2.74% |
2.66% |
2.76% |
2.97% |
3.55% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
Common Equity to Total Capital |
|
47.28% |
44.81% |
43.59% |
43.51% |
48.52% |
64.46% |
65.51% |
65.81% |
67.28% |
68.68% |
63.51% |
Debt to EBITDA |
|
-57.91 |
-1,033.84 |
119.34 |
-49.78 |
-211.94 |
26.72 |
18.21 |
6.38 |
6.58 |
6.47 |
7.25 |
Net Debt to EBITDA |
|
-38.42 |
-531.31 |
54.90 |
-23.48 |
-65.52 |
-11.61 |
2.20 |
0.42 |
0.92 |
0.70 |
2.26 |
Long-Term Debt to EBITDA |
|
-57.91 |
-1,033.84 |
119.34 |
-49.78 |
-211.94 |
26.72 |
18.21 |
6.38 |
6.58 |
6.47 |
7.25 |
Debt to NOPAT |
|
-24.59 |
-35.69 |
-46.60 |
-22.79 |
-24.83 |
-24.17 |
-41.79 |
14.85 |
6.36 |
6.32 |
7.02 |
Net Debt to NOPAT |
|
-16.31 |
-18.34 |
-21.44 |
-10.75 |
-7.67 |
10.51 |
-5.04 |
0.98 |
0.89 |
0.69 |
2.19 |
Long-Term Debt to NOPAT |
|
-24.59 |
-35.69 |
-46.60 |
-22.79 |
-24.83 |
-24.17 |
-41.79 |
14.85 |
6.36 |
6.32 |
7.02 |
Noncontrolling Interest Sharing Ratio |
|
6.27% |
5.78% |
5.78% |
5.89% |
5.78% |
5.48% |
2.79% |
2.79% |
2.65% |
2.50% |
0.00% |
Liquidity Ratios |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
Cash Flow Metrics |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
Free Cash Flow to Firm (FCFF) |
|
-2,396 |
-1,258 |
-2,867 |
-1,732 |
274 |
2,731 |
3,072 |
2,374 |
1,231 |
-616 |
-1,698 |
Operating Cash Flow to CapEx |
|
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
Free Cash Flow to Firm to Interest Expense |
|
-24.24 |
-9.28 |
-16.03 |
-7.90 |
1.07 |
10.38 |
11.72 |
8.12 |
4.50 |
-2.32 |
-6.18 |
Operating Cash Flow to Interest Expense |
|
-24.48 |
-16.32 |
-11.63 |
-12.25 |
-0.97 |
2.81 |
-1.85 |
-4.01 |
-0.73 |
0.08 |
-5.34 |
Operating Cash Flow Less CapEx to Interest Expense |
|
-24.43 |
-16.30 |
-11.62 |
-12.24 |
-0.96 |
2.81 |
-1.84 |
-4.01 |
-0.72 |
0.09 |
-5.33 |
Efficiency Ratios |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
Asset Turnover |
|
0.11 |
0.10 |
0.10 |
0.09 |
0.09 |
0.09 |
0.08 |
0.08 |
0.08 |
0.08 |
0.08 |
Fixed Asset Turnover |
|
11.16 |
11.01 |
10.88 |
10.72 |
10.97 |
11.25 |
10.95 |
10.92 |
10.60 |
10.29 |
10.18 |
Capital & Investment Metrics |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
Invested Capital |
|
11,014 |
11,680 |
12,062 |
11,615 |
10,788 |
9,037 |
9,008 |
9,302 |
9,890 |
9,725 |
10,803 |
Invested Capital Turnover |
|
0.16 |
0.16 |
0.17 |
0.18 |
0.19 |
0.22 |
0.23 |
0.24 |
0.26 |
0.30 |
0.31 |
Increase / (Decrease) in Invested Capital |
|
2,369 |
1,233 |
2,832 |
1,545 |
-226 |
-2,643 |
-3,054 |
-2,313 |
-898 |
687 |
1,795 |
Enterprise Value (EV) |
|
8,238 |
9,141 |
11,151 |
10,856 |
11,478 |
6,063 |
7,363 |
8,589 |
17,155 |
13,083 |
21,357 |
Market Capitalization |
|
4,278 |
5,673 |
7,847 |
7,591 |
9,539 |
6,999 |
6,988 |
8,378 |
16,711 |
12,753 |
20,129 |
Book Value per Share |
|
$5.61 |
$5.60 |
$5.59 |
$5.32 |
$5.46 |
$5.93 |
$5.58 |
$5.74 |
$6.01 |
$6.09 |
$6.21 |
Tangible Book Value per Share |
|
$3.39 |
$3.41 |
$3.41 |
$3.44 |
$3.63 |
$4.16 |
$3.95 |
$4.14 |
$4.45 |
$4.56 |
$4.71 |
Total Capital |
|
11,014 |
11,680 |
12,062 |
11,615 |
10,788 |
9,037 |
9,008 |
9,302 |
9,699 |
9,725 |
10,803 |
Total Debt |
|
5,486 |
6,126 |
6,484 |
6,241 |
5,233 |
2,891 |
3,107 |
3,180 |
3,174 |
3,046 |
3,943 |
Total Long-Term Debt |
|
5,486 |
6,126 |
6,484 |
6,241 |
5,233 |
2,891 |
3,107 |
3,180 |
3,174 |
3,046 |
3,943 |
Net Debt |
|
3,640 |
3,148 |
2,983 |
2,944 |
1,618 |
-1,257 |
375 |
210 |
443 |
330 |
1,228 |
Capital Expenditures (CapEx) |
|
-5.02 |
-2.81 |
-2.25 |
-2.37 |
-2.35 |
-2.13 |
-2.76 |
-2.50 |
-1.97 |
-1.64 |
-2.53 |
Net Nonoperating Expense (NNE) |
|
13 |
9.18 |
13 |
80 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
Net Nonoperating Obligations (NNO) |
|
5,486 |
6,126 |
6,484 |
6,241 |
5,233 |
2,891 |
3,107 |
3,180 |
3,365 |
3,046 |
3,943 |
Total Depreciation and Amortization (D&A) |
|
49 |
50 |
56 |
57 |
59 |
53 |
54 |
54 |
56 |
58 |
60 |
Earnings Adjustments |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
Adjusted Basic Earnings per Share |
|
($0.05) |
($0.05) |
($0.06) |
($0.29) |
$0.04 |
$0.08 |
$0.01 |
$0.06 |
$0.31 |
$0.06 |
$0.09 |
Adjusted Weighted Average Basic Shares Outstanding |
|
900.89M |
929.27M |
936.57M |
951.18M |
945.02M |
982.62M |
1.06B |
1.07B |
1.05B |
1.10B |
1.11B |
Adjusted Diluted Earnings per Share |
|
($0.05) |
($0.05) |
($0.06) |
($0.29) |
$0.04 |
$0.02 |
$0.01 |
$0.05 |
$0.31 |
$0.06 |
$0.08 |
Adjusted Weighted Average Diluted Shares Outstanding |
|
900.89M |
929.27M |
936.57M |
951.18M |
945.02M |
1.04B |
1.07B |
1.10B |
1.10B |
1.19B |
1.18B |
Adjusted Basic & Diluted Earnings per Share |
|
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
Adjusted Weighted Average Basic & Diluted Shares Outstanding |
|
934.55M |
940.90M |
950.11M |
958.74M |
976.74M |
1.06B |
1.07B |
1.09B |
1.10B |
1.11B |
1.20B |
Normalized Net Operating Profit after Tax (NOPAT) |
|
-27 |
-25 |
-35 |
-14 |
48 |
88 |
11 |
61 |
42 |
71 |
97 |
Normalized NOPAT Margin |
|
-5.97% |
-5.35% |
-6.93% |
-2.57% |
7.79% |
13.65% |
1.79% |
8.71% |
5.71% |
9.21% |
11.38% |
Pre Tax Income Margin |
|
-8.53% |
-7.64% |
-9.91% |
-49.69% |
8.31% |
14.61% |
2.56% |
9.16% |
8.16% |
10.34% |
13.12% |
Debt Service Ratios |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
EBIT to Interest Expense |
|
0.16 |
-0.27 |
-0.28 |
-1.22 |
0.42 |
0.36 |
0.06 |
0.22 |
0.33 |
0.30 |
0.41 |
NOPAT to Interest Expense |
|
-0.28 |
-0.19 |
-0.19 |
-0.85 |
0.19 |
0.33 |
0.07 |
0.21 |
1.21 |
0.27 |
0.35 |
EBIT Less CapEx to Interest Expense |
|
0.21 |
-0.25 |
-0.26 |
-1.21 |
0.42 |
0.37 |
0.07 |
0.23 |
0.34 |
0.31 |
0.42 |
NOPAT Less CapEx to Interest Expense |
|
-0.23 |
-0.17 |
-0.18 |
-0.84 |
0.20 |
0.34 |
0.08 |
0.22 |
1.22 |
0.27 |
0.36 |
Payout Ratios |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
Dividend Payout Ratio |
|
-12.62% |
0.00% |
-20.61% |
-10.40% |
-13.44% |
0.00% |
-32.54% |
17.23% |
3.31% |
0.00% |
0.00% |
Augmented Payout Ratio |
|
-12.62% |
0.00% |
-20.61% |
-10.40% |
-13.44% |
0.00% |
-32.54% |
17.23% |
3.31% |
0.00% |
0.00% |
Key Financial Trends
SoFi Technologies (NASDAQ: SOFI) has demonstrated significant financial growth and operational changes over the last several years, showing a notable transition in revenue streams, expenses, and balance sheet composition. We analyze key financial trends based on quarterly data from Q3 2022 through Q1 2025.
Positive Trends:
- Total interest income has grown markedly from $198 million in Q3 2022 to $764 million in Q1 2025, indicating expanding loan and deposit interest earnings.
- Net interest income improved steadily, reaching $499 million in Q1 2025 from $158 million in Q3 2022, highlighting increased profitability in core lending operations.
- Non-interest income rose to $273 million in Q1 2025 from $266 million in Q3 2022, driven mainly by service charges and other fees.
- Total revenue increased from approximately $423 million in Q3 2022 to $772 million in Q1 2025, showing solid top-line growth.
- Marketing expenses have increased in absolute terms but appear aligned with revenue growth, moving from $273 million in Q3 2022 to $394 million in Q1 2025, supportive of customer acquisition and brand expansion.
- Total assets have grown from $15.8 billion in Q3 2022 to $37.7 billion in Q1 2025, reflecting an expanding balance sheet chiefly through increased loans held for sale and trading securities.
- Deposits (interest bearing plus non-interest bearing) have significantly increased, from roughly $5.6 billion in Q3 2022 to $27.4 billion in Q1 2025, displaying strong customer deposit growth and funding stability.
- Equity has grown from about $5.2 billion in Q3 2022 to $6.7 billion in Q1 2025, signaling improvement in net book value.
- SoFi returned to profitability, reporting $71 million net income in Q1 2025 compared to losses in the $266 million range in 2023, showing operational and cost efficiency improvements.
- Operating cash flow recovered to a positive $21.5 million in Q1 2025, after significant negative cash flows in previous quarters, indicating better cash generation from core operations.
Neutral Trends:
- Long-term debt has fluctuated but remains substantial (~$3.0 billion in Q1 2025), which supports growth but also implies financial leverage.
- Provision for credit losses remains relatively stable around $5.7 million to $7 million recently, reflecting cautious risk management on loans.
- Amortization and depreciation expenses have stayed consistent, contributing to predictable non-cash operational costs.
- Cash and due from banks have varied but maintained at levels over $2 billion recently, ensuring liquidity for daily operations.
- Net loans and leases show zero balance consistently, with the company's loan exposure carried predominantly as loans held for sale, indicating a possible business model focused on loan origination and sale rather than hold-to-maturity lending.
Negative Trends:
- Despite revenue growth, operating expenses remain very high, with total non-interest expenses at $686 million in Q1 2025, constraining margin improvement potential.
- Energy and impairment charges were elevated in some quarters (e.g., Q3 2023 experienced a $247 million impairment charge), negatively impacting net income in those periods.
- SoFi posted net losses in multiple quarters in 2022 and 2023 before returning to profitability in 2024 and 2025, highlighting volatility and maturity challenges in scaling profitably.
- Income tax expense was negative in Q4 2024 (-$272 million), which likely reflects a large tax benefit due to deferred tax assets or valuation changes, creating earnings volatility.
- Net cash used in operating activities was substantially negative in several quarters before Q1 2025, indicating cash flow pressure and reliance on financing and investing activities.
Summary:
SoFi Technologies has made significant strides in increasing core income streams and scaling its deposit base, which provides a strong foundation for future growth. The company's strategic focus on loans held for sale rather than holding loans on balance sheet reduces credit risk but also impacts interest income stability. While operating costs remain elevated, recent quarters show improved profitability and positive cash flow generation, signaling that operational efficiencies may be taking hold. However, investors should be mindful of the company's high leverage and periodic earnings volatility from impairments and tax impacts.
08/08/25 10:43 PMAI Generated. May Contain Errors.