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SoFi Technologies (SOFI) Financials

SoFi Technologies logo
$29.51 +1.40 (+4.98%)
Closing price 09/19/2025 04:00 PM Eastern
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$29.81 +0.30 (+1.02%)
As of 04:07 AM Eastern
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Annual Income Statements for SoFi Technologies

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.

Metric 2019 2020 2021 2022 2023 2024
Period end date 12/31/2019 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024
Net Income / (Loss) Attributable to Common Shareholders		 -240 -224 -484 -320 -301 499
Consolidated Net Income / (Loss)		 -240 -224 -484 -320 -301 499
Net Income / (Loss) Continuing Operations		 -240 -224 -484 -320 -301 499
Total Pre-Tax Income 		-240 -329 -481 -319 -301 233
Total Revenue		 443 566 985 1,574 2,123 2,675
Net Interest Income / (Expense)		 330 178 252 584 1,262 1,716
Total Interest Income		 608 364 355 773 2,051 2,808
Loans and Leases Interest Income		 570 330 352 760 1,944 2,602
Other Interest Income		 11 9.15 3.05 14 107 206
Total Interest Expense		 278 186 103 189 789 1,091
Deposits Interest Expense		 - 0.00 0.00 170 752 1,043
Long-Term Debt Interest Expense		 273 183 101 18 37 48
Other Interest Expense		 5.33 2.48 1.95 0.92 0.45 0.44
Total Non-Interest Income		 113 388 733 989 861 958
Service Charges on Deposit Accounts		 - 90 -2.28 305 324 351
Other Service Charges		 13 -3.60 543 119 165 352
Other Non-Interest Income		 299 371 - 565 372 256
Total Non-Interest Expense		 682 894 1,466 1,838 2,369 2,410
Marketing Expense		 414 478 703 1,023 1,231 1,348
Other Operating Expenses		 269 416 763 869 946 1,093
Impairment Charge		 - - 0.00 0.00 247 0.00
Income Tax Expense		 0.10 -104 2.76 1.69 -0.42 -265
Basic Earnings per Share		 ($4.02) ($4.30) ($1.00) ($0.40) ($0.36) $0.46
Weighted Average Basic Shares Outstanding		 65.62M 73.85M 526.73M 900.89M 945.02M 1.05B
Diluted Earnings per Share		 ($4.02) ($4.30) ($1.00) ($0.40) ($0.36) $0.39
Weighted Average Diluted Shares Outstanding		 65.62M 73.85M 526.73M 900.89M 945.02M 1.10B
Weighted Average Basic & Diluted Shares Outstanding		 - - 828.59M 934.55M 976.74M 1.10B
Cash Dividends to Common per Share		 - - - $0.00 $0.00 $0.00

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
Period end date 12/31/2022 3/31/2023 6/30/2023 9/30/2023 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024 3/31/2025 6/30/2025
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
Period end date 12/31/2019 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024
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
Period end date 12/31/2022 3/31/2023 6/30/2023 9/30/2023 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024 3/31/2025 6/30/2025
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
Period end date 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024
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
Period end date 9/30/2022 3/31/2023 6/30/2023 9/30/2023 3/31/2024 6/30/2024 9/30/2024 3/31/2025 6/30/2025
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
Period end date 12/31/2019 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024
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
Period end date 12/31/2022 3/31/2023 6/30/2023 9/30/2023 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024 3/31/2025 6/30/2025
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%

Financials Breakdown Chart

Key Financial Trends

SoFi Technologies (NASDAQ: SOFI) has demonstrated notable financial trends over the past four years, showing a trajectory of growth with some volatility in profitability and cash flows. Here are the key takeaways from the recent quarterly financial data ending Q2 2025:

  • Net income improved significantly from negative values and low positive earnings in 2022-2023, reaching $97.3 million in Q2 2025, up from $71.1 million in Q1 2025 and much higher than the losses in earlier years.
  • Total revenue in Q2 2025 increased to $854.9 million, reflecting steady growth compared to prior quarters (e.g., $771.8 million in Q1 2025 and $734.1 million in Q4 2024).
  • Net interest income rose to $517.8 million in Q2 2025, supported by increased loans and leases interest income, signaling stronger core lending activity.
  • Marketing expenses rose but continue to be invested for customer acquisition, with $417 million spent in Q2 2025, aligning with the company's growth strategy.
  • Strong increase in deposits, with net change in deposits at $2.29 billion in Q2 2025, up from $1.48 billion in Q1 2025, showing robust customer cash inflows and funding growth.
  • Total assets grew steadily from approximately $15.8 billion in Q3 2022 to $41.1 billion in Q2 2025, indicating expansion but requiring efficient management to maintain profitability.
  • Loans held for sale surged to $20.1 billion in Q2 2025, up from $15.8 billion in Q1 2023, reflecting aggressive loan origination but zero net loans and leases on balance sheet, implying these assets might be transferred or securitized quickly.
  • Non-interest income increased, especially from service charges on deposit accounts, reaching $337.1 million in Q2 2025, up from $186 million in Q2 2024, diversifying revenue streams.
  • Net cash from operating activities was strongly negative at -$1.47 billion in Q2 2025, continuing a pattern of operating cash outflows, primarily driven by changes in operating assets and liabilities.
  • Net cash used in investing activities was high at -$1.72 billion in Q2 2025, largely due to significant purchases of investment securities, which may pressure liquidity and require careful capital management.

Summary: SoFi is experiencing strong growth in revenue, net interest income, and customer deposits, reflecting expanding business volumes. The company has turned profitable recently after losses in previous years, with improving net income and earnings per share. However, SoFi continues to show negative operating cash flow, driven by changes in working capital and substantial investment outlays. The high volume of loans held for sale and expansion in deposits suggest that the firm is focusing on rapid loan originations and deposit gathering but faces challenges in converting that volume efficiently into cash flow and sustained profitability.

Investors should monitor SoFi's ability to manage cash flow, control expenses (particularly marketing and operating costs), and sustain profitable growth as the company scales its lending and deposit base.

09/22/25 03:27 AM ETAI Generated. May Contain Errors.

Frequently Asked Questions About SoFi Technologies' Financials

When does SoFi Technologies' financial year end?

According to the most recent income statement we have on file, SoFi Technologies' fiscal year ends in December. Their fiscal year 2024 ended on December 31, 2024.

How has SoFi Technologies' net income changed over the last 5 years?

SoFi Technologies' net income appears to be on a downward trend, with a most recent value of $498.67 million in 2024, falling from -$239.70 million in 2019. The previous period was -$300.74 million in 2023. See where experts think SoFi Technologies is headed by visiting SoFi Technologies' forecast page.

How has SoFi Technologies' revenue changed over the last 5 years?

Over the last 5 years, SoFi Technologies' total revenue changed from $442.66 million in 2019 to $2.67 billion in 2024, a change of 504.3%.

How much debt does SoFi Technologies have?

SoFi Technologies' total liabilities were at $29.73 billion at the end of 2024, a 21.2% increase from 2023, and a 439.5% increase since 2020.

How much cash does SoFi Technologies have?

In the past 4 years, SoFi Technologies' cash and equivalents has ranged from $494.71 million in 2021 to $3.09 billion in 2023, and is currently $2.54 billion as of their latest financial filing in 2024.

How has SoFi Technologies' book value per share changed over the last 5 years?

Over the last 5 years, SoFi Technologies' book value per share changed from 0.00 in 2019 to 6.01 in 2024, a change of 601.3%.


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This page (NASDAQ:SOFI) was last updated on 9/22/2025 by MarketBeat.com Staff
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