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SoFi Technologies (SOFI) Financials

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$12.51 -0.76 (-5.73%)
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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
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 Q3 2022 Q4 2022 Q1 2023 Q2 2023 Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024
Net Income / (Loss) Attributable to Common Shareholders		 -76 -32 -34 -46 -267 47 88 18 61 332
Consolidated Net Income / (Loss)		 -74 -40 -34 -48 -267 48 88 17 61 332
Net Income / (Loss) Continuing Operations		 -74 -40 -34 -48 -267 48 88 17 61 332
Total Pre-Tax Income 		-74 -39 -36 -49 -267 51 94 15 64 60
Total Revenue		 424 457 472 498 537 615 645 599 697 734
Net Interest Income / (Expense)		 158 209 236 291 345 390 403 413 431 470
Total Interest Income		 198 307 372 470 564 645 666 675 723 744
Loans and Leases Interest Income		 192 308 360 445 540 599 620 621 672 689
Other Interest Income		 3.88 7.11 11 25 24 46 46 54 51 55
Total Interest Expense		 40 99 136 179 219 256 263 262 292 274
Deposits Interest Expense		 14 151 73 107 209 363 211 232 279 320
Long-Term Debt Interest Expense		 26 -52 62 72 9.78 -108 52 30 13 -46
Other Interest Expense		 0.12 0.12 0.11 0.11 0.11 0.11 0.11 0.11 0.11 0.11
Total Non-Interest Income		 266 248 236 207 192 226 242 186 266 264
Service Charges on Deposit Accounts		 82 81 73 82 82 87 86 86 91 88
Other Service Charges		 29 35 40 34 35 56 100 45 105 102
Other Non-Interest Income		 164 100 123 90 75 83 57 55 70 74
Total Non-Interest Expense		 498 441 508 547 804 509 551 583 633 642
Marketing Expense		 273 287 292 310 312 317 298 317 355 378
Other Operating Expenses		 226 209 216 238 245 248 252 266 279 296
Income Tax Expense		 -0.24 1.06 -1.64 -1.78 -0.24 3.25 6.18 -2.06 3.11 -273
Basic Earnings per Share		 ($0.09) ($0.05) ($0.05) ($0.06) ($0.29) $0.04 $0.08 $0.01 $0.06 $0.31
Weighted Average Basic Shares Outstanding		 916.76M 900.89M 929.27M 936.57M 951.18M 945.02M 982.62M 1.06B 1.07B 1.05B
Diluted Earnings per Share		 ($0.09) ($0.05) ($0.05) ($0.06) ($0.29) $0.04 $0.02 $0.01 $0.05 $0.31
Weighted Average Diluted Shares Outstanding		 916.76M 900.89M 929.27M 936.57M 951.18M 945.02M 1.04B 1.07B 1.10B 1.10B
Weighted Average Basic & Diluted Shares Outstanding		 927.94M 934.55M 940.90M 950.11M 958.74M 976.74M 1.06B 1.07B 1.09B 1.10B

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 Q3 2022 Q4 2022 Q1 2023 Q2 2023 Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024
Net Change in Cash & Equivalents		 263 585 1,131 524 -204 319 532 -1,416 238 -260
Net Cash From Operating Activities		 -2,880 -2,419 -2,213 -2,080 -2,687 -248 738 -484 -1,174 -200
Net Cash From Continuing Operating Activities		 -2,880 -2,505 -2,213 -2,080 -2,737 -198 738 -484 -1,174 -200
Net Income / (Loss) Continuing Operations		 -74 -40 -34 -48 -267 48 88 17 61 332
Consolidated Net Income / (Loss)		 -74 -40 -34 -48 -267 48 88 17 61 332
Provision For Loan Losses		 16 - 8.41 13 - - 7.18 12 6.01 6.88
Depreciation Expense		 40 42 45 50 53 53 49 50 52 54
Amortization Expense		 3.99 6.19 4.85 5.71 4.49 5.06 4.23 3.98 2.61 2.66
Non-Cash Adjustments to Reconcile Net Income		 85 60 62 70 308 -10 -42 33 -29 -216
Changes in Operating Assets and Liabilities, net		 -2,952 -2,534 -2,299 -2,171 -2,814 -349 632 -600 -1,265 -380
Net Cash From Investing Activities		 -50 -51 -40 -268 -169 -1,414 -1,261 -2,195 -84 -1,281
Net Cash From Continuing Investing Activities		 -45 14 -35 -263 -168 -1,405 -1,257 -2,189 -79 -1,955
Purchase of Property, Leasehold Improvements and Equipment		 2.51 5.02 2.81 2.25 2.37 2.35 2.13 2.76 2.50 1.97
Purchase of Investment Securities		 -72 166 -339 -313 -177 -1,584 -1,402 -2,545 -874 -1,745
Sale and/or Maturity of Investments		 24 -157 302 48 6.55 177 143 353 792 -212
Net Cash From Financing Activities		 3,192 3,055 3,384 2,871 2,651 1,980 1,055 1,263 1,495 1,221
Net Cash From Continuing Financing Activities		 3,192 3,055 3,384 2,871 2,651 1,980 1,055 1,263 1,495 1,221
Net Change in Deposits		 2,363 2,294 2,755 2,638 2,904 2,935 2,897 1,400 1,357 1,300
Issuance of Debt		 821 1,037 784 521 -62 -722 -1,582 334 186 -76
Repayment of Debt		 9.60 -255 -152 -264 -188 -209 -176 -128 -43 -15
Other Financing Activities, Net		 -1.20 -1.39 -2.25 -4.21 -3.18 -4.51 -84 -3.83 -4.75 11
Effect of Exchange Rate Changes		 0.33 0.34 -0.29 0.39 0.10 0.48 -0.18 -0.14 0.56 -0.25

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 36,524
Cash and Due from Banks		 873 495 1,422 3,085 2,538
Restricted Cash		 451 274 424 531 192
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 17,856
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 12,063
Total Liabilities & Shareholders' Equity		 8,563 9,176 19,008 30,075 36,251
Total Liabilities		 5,510 4,479 13,479 24,520 29,807
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 3,174
Other Long-Term Liabilities		 711 531 651 666 654
Commitments & Contingencies		 0.00 0.00 0.00 0.00 0.00
Redeemable Noncontrolling Interest		 3,174 320 320 320 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
Total Assets		 15,835 22,453 25,561 27,977 31,306 32,642 34,380
Cash and Due from Banks		 935 2,488 3,016 2,814 3,693 2,335 2,355
Restricted Cash		 326 490 485 483 455 397 615
Trading Account Securities		 195 360 548 580 973 1,566 1,554
Loans and Leases, Net of Allowance		 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
Premises and Equipment, Net		 164 180 191 202 228 246 266
Goodwill		 1,623 1,623 1,641 1,394 1,394 1,394 1,394
Intangible Assets		 457 420 412 387 347 331 315
Other Assets		 12,134 1,034 1,043 1,124 9,099 10,479 10,557
Total Liabilities & Shareholders' Equity		 15,835 22,453 25,561 27,977 31,306 32,642 34,380
Total Liabilities		 10,334 16,899 19,983 22,603 25,160 26,740 28,259
Non-Interest Bearing Deposits		 90 72 68 65 54 51 56
Interest Bearing Deposits		 4,942 10,016 12,672 15,607 21,550 22,946 24,352
Long-Term Debt		 4,569 6,126 6,484 6,241 2,891 3,107 3,180
Other Long-Term Liabilities		 733 685 748 690 664 637 671
Commitments & Contingencies		 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Redeemable Noncontrolling Interest		 320 320 320 320 320 0.00 0.00
Total Equity & Noncontrolling Interests		 5,181 5,234 5,258 5,053 5,826 5,901 6,121
Total Preferred & Common Equity		 5,181 5,234 5,258 5,053 5,826 5,901 6,121
Total Common Equity		 5,181 5,234 5,258 5,053 5,826 5,901 6,121
Common Stock		 6,654 6,778 6,848 6,905 7,544 7,602 7,751
Retained Earnings		 -1,464 -1,538 -1,585 -1,852 -1,716 -1,699 -1,638
Accumulated Other Comprehensive Income / (Loss)		 -9.60 -6.34 -5.12 0.60 -2.09 -1.48 8.11

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 Q3 2022 Q4 2022 Q1 2023 Q2 2023 Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024
Growth Metrics		 - - - - - - - - - -
Revenue Growth		 55.87% 59.90% 42.93% 37.37% 26.70% 34.76% 36.61% 20.20% 29.77% 19.29%
EBITDA Growth		 -902.66% 181.05% 118.89% 112.11% -594.88% 157.51% 941.50% 959.28% 156.34% -10.19%
EBIT Growth		 -149.28% 114.05% 67.10% 48.46% -258.53% 589.74% 361.31% 131.10% 123.92% -13.63%
NOPAT Growth		 -149.28% 64.42% 67.10% 48.46% -258.53% 275.74% 448.81% 150.40% 132.51% 593.91%
Net Income Growth		 -146.98% 63.96% 68.81% 50.38% -259.37% 219.76% 355.78% 136.60% 122.78% 593.91%
EPS Growth		 -80.00% -104.39% 64.29% 50.00% -222.22% 180.00% 140.00% 116.67% 117.24% 675.00%
Operating Cash Flow Growth		 -1,365.53% -95.65% -118.82% -119.98% 6.73% 89.75% 133.36% 76.71% 56.32% 19.29%
Free Cash Flow Firm Growth		 62.19% 0.00% 87.29% -17.04% 37.76% 111.43% 317.01% 207.15% 237.07% 349.42%
Invested Capital Growth		 37.21% 27.40% 11.80% 30.68% 15.35% -2.05% -22.63% -25.32% -19.92% -8.33%
Revenue Q/Q Growth		 16.95% 7.71% 3.39% 5.48% 7.87% 14.56% 4.81% -7.19% 16.46% 5.31%
EBITDA Q/Q Growth		 43.80% 311.59% -77.92% -53.89% -3,325.60% 178.41% -10.70% -53.10% 71.55% 25.01%
EBIT Q/Q Growth		 22.22% 120.66% -334.41% -36.80% -441.12% 139.75% -11.19% -83.72% 316.26% 43.51%
NOPAT Q/Q Growth		 22.22% 47.69% 7.42% -36.80% -441.12% 125.64% 83.76% -80.23% 249.03% 447.33%
Net Income Q/Q Growth		 22.57% 46.09% 13.96% -38.14% -460.86% 117.97% 83.76% -80.23% 249.03% 447.33%
EPS Q/Q Growth		 25.00% 44.44% 0.00% -20.00% -383.33% 113.79% -50.00% -50.00% 400.00% 520.00%
Operating Cash Flow Q/Q Growth		 -204.63% 16.02% 8.52% 6.00% -29.16% 90.77% 397.75% -165.61% -142.29% 82.95%
Free Cash Flow Firm Q/Q Growth		 -13.61% 13.90% 47.48% -127.82% 39.58% 115.81% 897.08% 12.49% -22.71% -48.16%
Invested Capital Q/Q Growth		 9.10% 9.38% 6.04% 3.27% -3.71% -7.12% -16.23% -0.32% 3.26% 6.33%
Profitability Metrics		 - - - - - - - - - -
EBITDA Margin		 -7.13% 14.00% 2.99% 1.31% -39.08% 26.75% 22.79% 11.52% 16.96% 20.14%
EBIT Margin		 -17.56% 3.37% -7.64% -9.91% -49.69% 17.24% 14.61% 2.56% 9.16% 12.48%
Profit (Net Income) Margin		 -17.50% -8.76% -7.29% -9.55% -49.64% 7.79% 13.65% 2.91% 8.71% 45.29%
Tax Burden Percent		 99.68% 102.71% 95.46% 96.39% 99.91% 93.66% 93.44% 113.46% 95.13% 554.82%
Interest Burden Percent		 100.00% -253.20% 100.00% 100.00% 100.00% 48.22% 100.00% 100.00% 100.00% 65.39%
Effective Tax Rate		 0.00% 0.00% 0.00% 0.00% 0.00% 6.34% 6.56% -13.46% 4.87% -454.82%
Return on Invested Capital (ROIC)		 -1.98% -0.96% -0.83% -1.21% -6.30% 1.52% 3.03% 0.66% 2.13% 11.72%
ROIC Less NNEP Spread (ROIC-NNEP)		 -2.58% -1.23% -1.00% -1.46% -7.78% 1.52% 3.03% 0.66% 2.13% 11.72%
Return on Net Nonoperating Assets (RNNOA)		 -1.88% -1.13% -0.99% -1.35% -7.73% 1.47% 2.33% 0.55% 1.75% 8.34%
Return on Equity (ROE)		 -3.86% -2.09% -1.82% -2.55% -14.03% 2.98% 5.36% 1.21% 3.88% 20.06%
Cash Return on Invested Capital (CROIC)		 0.00% -26.37% -12.70% -27.91% -16.78% 0.14% 24.36% 28.29% 24.17% 13.51%
Operating Return on Assets (OROA)		 -2.06% 0.38% -0.76% -0.96% -4.46% 1.49% 1.25% 0.21% 0.75% 1.00%
Return on Assets (ROA)		 -2.05% -0.98% -0.72% -0.92% -4.45% 0.67% 1.17% 0.24% 0.71% 3.64%
Return on Common Equity (ROCE)		 -3.62% -1.96% -1.71% -2.40% -13.20% 2.81% 5.06% 1.18% 3.77% 19.52%
Return on Equity Simple (ROE_SIMPLE)		 -7.55% 0.00% -4.67% -3.73% -7.69% 0.00% -3.06% -1.92% 3.50% 0.00%
Net Operating Profit after Tax (NOPAT)		 -52 -27 -25 -35 -187 48 88 17 61 332
NOPAT Margin		 -12.29% -5.97% -5.35% -6.93% -34.78% 7.79% 13.65% 2.91% 8.71% 45.29%
Net Nonoperating Expense Percent (NNEP)		 0.60% 0.27% 0.17% 0.26% 1.48% 0.00% 0.00% 0.00% 0.00% 0.00%
SG&A Expenses to Revenue		 64.35% 62.84% 61.89% 62.18% 58.16% 51.43% 46.25% 52.94% 50.87% 51.52%
Operating Expenses to Revenue		 117.56% 96.63% 107.64% 109.91% 149.69% 82.76% 85.39% 97.44% 90.84% 87.52%
Earnings before Interest and Taxes (EBIT)		 -74 15 -36 -49 -267 106 94 15 64 92
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)		 -30 64 14 6.51 -210 165 147 69 118 148
Valuation Ratios		 - - - - - - - - - -
Price to Book Value (P/BV)		 0.87 0.82 1.08 1.49 1.50 1.82 1.20 1.18 1.37 2.56
Price to Tangible Book Value (P/TBV)		 1.45 1.36 1.78 2.45 2.32 2.74 1.71 1.67 1.90 3.46
Price to Revenue (P/Rev)		 3.21 2.72 3.31 4.24 3.87 4.49 3.05 2.92 3.28 6.25
Price to Earnings (P/E)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 39.25 33.51
Dividend Yield		 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% 0.00% 2.55% 2.98%
Enterprise Value to Invested Capital (EV/IC)		 0.81 0.75 0.78 0.92 0.93 1.06 0.67 0.82 0.92 1.73
Enterprise Value to Revenue (EV/Rev)		 5.80 5.24 5.33 6.02 5.53 5.41 2.64 3.07 3.36 6.41
Enterprise Value to EBITDA (EV/EBITDA)		 0.00 0.00 0.00 205.22 0.00 0.00 56.04 43.16 17.22 35.59
Enterprise Value to EBIT (EV/EBIT)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 30.73 64.72
Enterprise Value to NOPAT (EV/NOPAT)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 40.11 34.40
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
Enterprise Value to Free Cash Flow (EV/FCFF)		 0.00 0.00 0.00 0.00 0.00 757.83 2.40 2.47 3.40 12.28
Leverage & Solvency		 - - - - - - - - - -
Debt to Equity		 0.83 0.99 1.10 1.16 1.16 0.94 0.47 0.53 0.52 0.49
Long-Term Debt to Equity		 0.83 0.99 1.10 1.16 1.16 0.94 0.47 0.53 0.52 0.49
Financial Leverage		 0.73 0.92 1.00 0.92 0.99 0.97 0.77 0.84 0.82 0.71
Leverage Ratio		 2.38 2.76 3.13 3.45 4.03 4.43 4.59 5.07 5.42 5.51
Compound Leverage Factor		 2.38 -6.98 3.13 3.45 4.03 2.14 4.59 5.07 5.42 3.61
Debt to Total Capital		 45.37% 49.81% 52.44% 53.76% 53.73% 48.51% 31.99% 34.49% 34.19% 32.72%
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%
Long-Term Debt to Total Capital		 45.37% 49.81% 52.44% 53.76% 53.73% 48.51% 31.99% 34.49% 34.19% 32.72%
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%
Noncontrolling Interests to Total Capital		 3.18% 2.91% 2.74% 2.66% 2.76% 2.97% 3.55% 0.00% 0.00% 0.00%
Common Equity to Total Capital		 51.45% 47.28% 44.81% 43.59% 43.51% 48.52% 64.46% 65.51% 65.81% 67.28%
Debt to EBITDA		 -19.23 -57.91 -1,033.84 119.34 -49.78 -211.94 26.72 18.21 6.38 6.58
Net Debt to EBITDA		 -13.92 -38.42 -531.31 54.90 -23.48 -65.52 -11.61 2.20 0.42 0.92
Long-Term Debt to EBITDA		 -19.23 -57.91 -1,033.84 119.34 -49.78 -211.94 26.72 18.21 6.38 6.58
Debt to NOPAT		 -16.77 -24.59 -35.69 -46.60 -22.79 -24.83 -24.17 -41.79 14.85 6.36
Net Debt to NOPAT		 -12.14 -16.31 -18.34 -21.44 -10.75 -7.67 10.51 -5.04 0.98 0.89
Long-Term Debt to NOPAT		 -16.77 -24.59 -35.69 -46.60 -22.79 -24.83 -24.17 -41.79 14.85 6.36
Noncontrolling Interest Sharing Ratio		 6.36% 6.27% 5.78% 5.78% 5.89% 5.78% 5.48% 2.79% 2.79% 2.65%
Liquidity Ratios		 - - - - - - - - - -
Cash Flow Metrics		 - - - - - - - - - -
Free Cash Flow to Firm (FCFF)		 -2,783 -2,396 -1,258 -2,867 -1,732 274 2,731 3,072 2,374 1,231
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%
Free Cash Flow to Firm to Interest Expense		 -69.25 -24.24 -9.28 -16.03 -7.90 1.07 10.38 11.72 8.12 4.50
Operating Cash Flow to Interest Expense		 -71.67 -24.48 -16.32 -11.63 -12.25 -0.97 2.81 -1.85 -4.01 -0.73
Operating Cash Flow Less CapEx to Interest Expense		 -71.61 -24.43 -16.30 -11.62 -12.24 -0.96 2.81 -1.84 -4.01 -0.72
Efficiency Ratios		 - - - - - - - - - -
Asset Turnover		 0.12 0.11 0.10 0.10 0.09 0.09 0.09 0.08 0.08 0.08
Fixed Asset Turnover		 10.64 11.16 11.01 10.88 10.72 10.97 11.25 10.95 10.92 10.60
Capital & Investment Metrics		 - - - - - - - - - -
Invested Capital		 10,070 11,014 11,680 12,062 11,615 10,788 9,037 9,008 9,302 9,890
Invested Capital Turnover		 0.16 0.16 0.16 0.17 0.18 0.19 0.22 0.23 0.24 0.26
Increase / (Decrease) in Invested Capital		 2,731 2,369 1,233 2,832 1,545 -226 -2,643 -3,054 -2,313 -898
Enterprise Value (EV)		 8,129 8,238 9,141 11,151 10,856 11,478 6,063 7,363 8,589 17,155
Market Capitalization		 4,501 4,278 5,673 7,847 7,591 9,539 6,999 6,988 8,378 16,711
Book Value per Share		 $5.62 $5.61 $5.60 $5.59 $5.32 $5.46 $5.93 $5.58 $5.74 $6.01
Tangible Book Value per Share		 $3.36 $3.39 $3.41 $3.41 $3.44 $3.63 $4.16 $3.95 $4.14 $4.45
Total Capital		 10,070 11,014 11,680 12,062 11,615 10,788 9,037 9,008 9,302 9,699
Total Debt		 4,569 5,486 6,126 6,484 6,241 5,233 2,891 3,107 3,180 3,174
Total Long-Term Debt		 4,569 5,486 6,126 6,484 6,241 5,233 2,891 3,107 3,180 3,174
Net Debt		 3,307 3,640 3,148 2,983 2,944 1,618 -1,257 375 210 443
Capital Expenditures (CapEx)		 -2.51 -5.02 -2.81 -2.25 -2.37 -2.35 -2.13 -2.76 -2.50 -1.97
Net Nonoperating Expense (NNE)		 22 13 9.18 13 80 0.00 0.00 0.00 0.00 0.00
Net Nonoperating Obligations (NNO)		 4,569 5,486 6,126 6,484 6,241 5,233 2,891 3,107 3,180 3,365
Total Depreciation and Amortization (D&A)		 44 49 50 56 57 59 53 54 54 56
Earnings Adjustments		 - - - - - - - - - -
Adjusted Basic Earnings per Share		 ($0.09) ($0.05) ($0.05) ($0.06) ($0.29) $0.04 $0.08 $0.01 $0.06 $0.31
Adjusted Weighted Average Basic Shares Outstanding		 916.76M 900.89M 929.27M 936.57M 951.18M 945.02M 982.62M 1.06B 1.07B 1.05B
Adjusted Diluted Earnings per Share		 ($0.09) ($0.05) ($0.05) ($0.06) ($0.29) $0.04 $0.02 $0.01 $0.05 $0.31
Adjusted Weighted Average Diluted Shares Outstanding		 916.76M 900.89M 929.27M 936.57M 951.18M 945.02M 1.04B 1.07B 1.10B 1.10B
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
Adjusted Weighted Average Basic & Diluted Shares Outstanding		 927.94M 934.55M 940.90M 950.11M 958.74M 976.74M 1.06B 1.07B 1.09B 1.10B
Normalized Net Operating Profit after Tax (NOPAT)		 -52 -27 -25 -35 -14 48 88 11 61 42
Normalized NOPAT Margin		 -12.29% -5.97% -5.35% -6.93% -2.57% 7.79% 13.65% 1.79% 8.71% 5.71%
Pre Tax Income Margin		 -17.56% -8.53% -7.64% -9.91% -49.69% 8.31% 14.61% 2.56% 9.16% 8.16%
Debt Service Ratios		 - - - - - - - - - -
EBIT to Interest Expense		 -1.85 0.16 -0.27 -0.28 -1.22 0.42 0.36 0.06 0.22 0.33
NOPAT to Interest Expense		 -1.30 -0.28 -0.19 -0.19 -0.85 0.19 0.33 0.07 0.21 1.21
EBIT Less CapEx to Interest Expense		 -1.79 0.21 -0.25 -0.26 -1.21 0.42 0.37 0.07 0.23 0.34
NOPAT Less CapEx to Interest Expense		 -1.23 -0.23 -0.17 -0.18 -0.84 0.20 0.34 0.08 0.22 1.22
Payout Ratios		 - - - - - - - - - -
Dividend Payout Ratio		 -10.33% -12.62% 0.00% -20.61% -10.40% -13.44% 0.00% -32.54% 17.23% 3.31%
Augmented Payout Ratio		 -10.33% -12.62% 0.00% -20.61% -10.40% -13.44% 0.00% -32.54% 17.23% 3.31%

Frequently Asked Questions About SoFi Technologies' Financials

When does SoFi Technologies's fiscal year end?

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

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 $29.81 billion at the end of 2024, a 21.6% increase from 2023, and a 441.0% 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 4/30/2025 by MarketBeat.com Staff
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