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SoFi Technologies (SOFI) Financials

SoFi Technologies logo
$17.71 +0.58 (+3.39%)
Closing price 04:00 PM Eastern
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$18.06 +0.34 (+1.95%)
As of 07:59 PM 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 2025
Period end date 12/31/2019 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024 12/31/2025
Net Income / (Loss) Attributable to Common Shareholders		 -240 -224 -484 -320 -294 492 501
Consolidated Net Income / (Loss)		 -240 -224 -484 -320 -301 499 481
Net Income / (Loss) Continuing Operations		 -240 -224 -484 -320 -301 499 481
Total Pre-Tax Income 		-240 -329 -481 -319 -301 233 526
Total Revenue		 443 566 985 1,574 2,123 2,675 3,613
Net Interest Income / (Expense)		 330 178 252 584 1,262 1,716 2,219
Total Interest Income		 608 364 355 773 2,051 2,808 3,375
Loans and Leases Interest Income		 570 330 352 760 1,944 2,602 3,146
Other Interest Income		 11 9.15 3.05 14 107 206 229
Total Interest Expense		 278 186 103 189 789 1,091 1,156
Deposits Interest Expense		 - 0.00 0.00 170 508 930 1,014
Long-Term Debt Interest Expense		 273 183 101 18 281 161 142
Other Interest Expense		 5.33 2.48 1.95 0.92 0.45 0.44 0.65
Total Non-Interest Income		 113 388 733 989 861 958 1,394
Service Charges on Deposit Accounts		 - 90 -2.28 305 733 629 604
Other Service Charges		 13 -3.60 543 119 128 329 791
Provision for Credit Losses		 - - - - 55 32 30
Total Non-Interest Expense		 682 894 1,466 1,838 2,369 2,410 3,057
Marketing Expense		 414 478 703 1,023 1,231 1,348 1,744
Other Operating Expenses		 269 416 763 869 891 1,062 1,313
Impairment Charge		 - - 0.00 0.00 247 0.00 0.00
Income Tax Expense		 0.10 -104 2.76 1.69 -0.42 -265 45
Other Adjustment to Net Income / (Loss) Attributable to Common Shareholders)		 0.01 0.15 - - -7.09 7.16 -19
Basic Earnings per Share		 ($4.02) ($4.30) ($1.00) ($0.40) ($0.36) $0.46 $0.42
Weighted Average Basic Shares Outstanding		 65.62M 73.85M 526.73M 900.89M 945.02M 1.05B 1.15B
Diluted Earnings per Share		 ($4.02) ($4.30) ($1.00) ($0.40) ($0.36) $0.39 $0.39
Weighted Average Diluted Shares Outstanding		 65.62M 73.85M 526.73M 900.89M 945.02M 1.10B 1.25B
Weighted Average Basic & Diluted Shares Outstanding		 - - 828.59M 934.55M 976.74M 1.10B 1.28B
Cash Dividends to Common per Share		 - - - $0.00 $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 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026
Period end date 9/30/2023 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024 3/31/2025 6/30/2025 9/30/2025 12/31/2025 3/31/2026
Net Income / (Loss) Attributable to Common Shareholders		 -267 47 87 17 70 332 82 97 145 187 153
Consolidated Net Income / (Loss)		 -267 48 88 17 61 332 71 97 139 174 167
Net Income / (Loss) Continuing Operations		 -267 48 88 17 61 332 71 97 139 174 167
Total Pre-Tax Income 		-267 51 94 15 64 60 80 112 149 185 200
Total Revenue		 537 615 645 599 697 734 772 855 962 1,025 1,100
Net Interest Income / (Expense)		 345 390 403 413 431 470 499 518 585 617 693
Total Interest Income		 564 645 666 675 723 744 764 792 892 927 1,001
Loans and Leases Interest Income		 540 599 620 621 672 689 713 739 830 864 932
Other Interest Income		 24 46 46 54 51 55 51 54 61 63 69
Total Interest Expense		 219 256 263 262 292 274 265 275 306 310 308
Deposits Interest Expense		 209 363 211 249 248 320 225 263 265 233 287
Long-Term Debt Interest Expense		 9.78 -108 52 13 44 -46 40 12 41 77 21
Other Interest Expense		 0.11 0.11 - 0.11 0.11 0.11 0.12 0.18 0.10 0.25 0.08
Total Non-Interest Income		 192 226 242 186 266 264 273 337 376 408 407
Service Charges on Deposit Accounts		 82 87 86 147 171 88 139 162 155 201 192
Other Service Charges		 35 56 100 39 95 102 134 175 221 256 215
Provision for Credit Losses		 - - 7.18 12 6.01 - 5.68 10 9.20 5.41 8.90
Total Non-Interest Expense		 804 509 544 572 627 642 686 733 804 834 892
Marketing Expense		 312 317 298 317 355 378 394 417 454 478 523
Other Operating Expenses		 245 248 245 255 273 296 292 316 350 356 369
Income Tax Expense		 -0.24 3.25 6.18 -2.06 3.11 -273 8.67 15 9.16 12 33
Other Adjustment to Net Income / (Loss) Attributable to Common Shareholders)		 - - 0.88 - -9.59 - -11 - -5.96 - 14
Basic Earnings per Share		 ($0.29) $0.04 $0.08 $0.01 $0.06 $0.31 $0.06 $0.09 $0.12 $0.15 $0.13
Weighted Average Basic Shares Outstanding		 951.18M 945.02M 982.62M 1.06B 1.07B 1.05B 1.10B 1.11B 1.17B 1.15B 1.28B
Diluted Earnings per Share		 ($0.29) $0.04 $0.02 $0.01 $0.05 $0.31 $0.06 $0.08 $0.11 $0.14 $0.12
Weighted Average Diluted Shares Outstanding		 951.18M 945.02M 1.04B 1.07B 1.10B 1.10B 1.19B 1.18B 1.29B 1.25B 1.38B
Weighted Average Basic & Diluted Shares Outstanding		 958.74M 976.74M 1.06B 1.07B 1.09B 1.10B 1.11B 1.20B 1.21B 1.28B 1.28B
Cash Dividends to Common per Share		 - - $0.00 - - - $0.00 - - - $0.00

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 2025
Period end date 12/31/2019 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024 12/31/2025
Net Change in Cash & Equivalents		 153 633 -555 1,078 1,769 -906 2,647
Net Cash From Operating Activities		 -55 -479 -1,350 -7,256 -7,227 -1,120 -3,742
Net Cash From Continuing Operating Activities		 -55 -479 -1,350 -7,342 -7,227 -1,120 -3,742
Net Income / (Loss) Continuing Operations		 -240 -224 -484 -320 -301 499 481
Consolidated Net Income / (Loss)		 -240 -224 -484 -320 -301 499 481
Provision For Loan Losses		 - 0.00 7.57 - 55 32 30
Depreciation Expense		 16 70 102 151 201 203 234
Amortization Expense		 33 28 18 18 20 13 11
Non-Cash Adjustments to Reconcile Net Income		 121 44 352 323 469 911 732
Changes in Operating Assets and Liabilities, net		 14 -397 -1,345 -7,514 -7,672 -2,778 -5,231
Net Cash From Investing Activities		 115 259 110 -106 -1,890 -4,821 -6,719
Net Cash From Continuing Investing Activities		 115 259 110 -30 -1,870 -4,802 -6,702
Purchase of Property, Leasehold Improvements and Equipment		 - 0.00 0.00 11 9.78 9.35 8.67
Purchase of Investment Securities		 -41 -57 -321 -80 -2,413 -6,566 -8,295
Sale and/or Maturity of Investments		 165 324 431 39 533 1,754 1,584
Other Investing Activities, net		 -9.05 -7.64 0.00 - 0.00 0.00 0.00
Net Cash From Financing Activities		 93 854 685 8,439 10,886 5,035 13,109
Net Cash From Continuing Financing Activities		 93 854 685 8,439 10,886 5,035 13,109
Net Change in Deposits		 - 0.00 0.00 7,153 11,232 6,954 11,249
Issuance of Debt		 12,400 547 1,192 1,858 521 -1,137 -1,257
Issuance of Common Equity		 0.00 370 - - 0.00 0.00 3,212
Repayment of Debt		 -12,832 4.91 -2,110 -525 -812 -361 -33
Repurchase of Preferred Equity		 0.00 0.00 -283 0.00 0.00 -323 0.00
Payment of Dividends		 -24 -41 -40 -40 -40 -17 0.00
Other Financing Activities, Net		 -14 -27 1,927 -6.37 -14 -82 -61
Effect of Exchange Rate Changes		 -0.01 -0.15 0.05 0.57 0.68 0.00 -0.36
Cash Interest Paid		 225 129 95 151 720 1,118 1,146
Cash Income Taxes Paid		 0.01 0.53 1.76 2.57 14 27 29

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 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026
Period end date 9/30/2023 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024 3/31/2025 6/30/2025 9/30/2025 12/31/2025 3/31/2026
Net Change in Cash & Equivalents		 -204 319 532 -1,416 238 -260 6.78 -1.53 1,032 1,610 -1,596
Net Cash From Operating Activities		 -2,687 -248 738 -484 -1,174 -200 22 -1,467 -1,306 -991 -2,315
Net Cash From Continuing Operating Activities		 -2,737 -198 738 -484 -1,174 -200 22 -1,467 -1,306 -991 -2,315
Net Income / (Loss) Continuing Operations		 -267 48 88 17 61 332 71 97 139 174 167
Consolidated Net Income / (Loss)		 -267 48 88 17 61 332 71 97 139 174 167
Provision For Loan Losses		 - - 7.18 12 6.01 6.88 5.68 10 9.20 5.41 8.90
Depreciation Expense		 53 53 49 50 52 54 55 57 59 63 68
Amortization Expense		 4.49 5.06 4.23 3.98 2.61 2.66 2.44 2.92 3.00 2.97 2.90
Non-Cash Adjustments to Reconcile Net Income		 308 -10 -39 33 -29 -216 159 405 177 163 271
Changes in Operating Assets and Liabilities, net		 -2,814 -349 629 -600 -1,265 -380 -272 -2,039 -1,693 -1,399 -2,832
Net Cash From Investing Activities		 -169 -1,414 -1,261 -2,195 -84 -1,281 -1,440 -1,722 -1,459 -2,097 -2,394
Net Cash From Continuing Investing Activities		 -168 -1,405 -1,257 -2,189 -79 -1,955 -1,437 -1,717 -1,453 -2,094 -2,392
Purchase of Property, Leasehold Improvements and Equipment		 2.37 2.35 2.13 2.76 2.50 1.97 1.64 2.53 3.18 1.32 1.23
Purchase of Investment Securities		 -177 -1,584 -1,402 -2,545 -874 -1,745 -1,573 -2,067 -2,022 -2,633 -3,191
Sale and/or Maturity of Investments		 6.55 177 143 353 792 -212 134 347 566 537 798
Other Investing Activities, net		 - - 0.00 - - - 0.00 - - - 0.00
Net Cash From Financing Activities		 2,651 1,980 1,055 1,263 1,495 1,221 1,426 3,188 3,797 4,698 3,115
Net Cash From Continuing Financing Activities		 2,651 1,980 1,055 1,263 1,495 1,221 1,426 3,188 3,797 4,698 3,115
Net Change in Deposits		 2,904 2,935 2,897 1,400 1,357 1,300 1,481 2,286 3,335 4,147 3,034
Issuance of Debt		 -62 -722 -1,582 334 186 -76 -31 899 -1,227 -898 0.00
Issuance of Common Equity		 - - - - - - 0.00 - 1,700 1,500 87
Repayment of Debt		 -188 -209 -176 -128 -43 -15 -18 -4.46 -4.71 -5.18 -3.66
Other Financing Activities, Net		 -3.18 -4.51 -84 -3.83 -4.75 11 -5.40 -3.70 -5.73 -47 -3.64
Effect of Exchange Rate Changes		 0.10 0.48 -0.18 -0.14 0.56 -0.25 -0.27 -0.56 -0.23 0.71 -0.77

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 2025
Period end date 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024 12/31/2025
Total Assets		 8,563 9,176 19,008 30,075 36,251 50,660
Cash and Due from Banks		 873 495 1,422 3,085 2,538 4,929
Restricted Cash		 451 274 424 531 171 427
Trading Account Securities		 108 589 397 702 1,896 2,576
Loans and Leases, Net of Allowance		 0.00 0.00 0.00 0.00 0.00 0.00
Loans Held for Sale		 - 5,953 13,557 15,397 17,685 22,863
Premises and Equipment, Net		 81 112 170 217 288 416
Goodwill		 899 899 1,623 1,394 1,394 1,394
Intangible Assets		 355 285 442 364 298 232
Other Assets		 5,779 571 972 8,386 11,982 17,823
Total Liabilities & Shareholders' Equity		 8,563 9,176 19,008 30,075 36,251 50,660
Total Liabilities		 5,510 4,479 13,479 24,520 29,726 40,171
Non-Interest Bearing Deposits		 - 0.00 77 52 117 118
Interest Bearing Deposits		 - 0.00 7,266 18,569 25,861 37,387
Long-Term Debt		 4,799 3,948 5,486 5,233 3,093 1,815
Other Long-Term Liabilities		 711 531 651 666 655 850
Commitments & Contingencies		 0.00 0.00 0.00 0.00 0.00 0.00
Total Equity & Noncontrolling Interests		 -120 4,377 5,208 5,235 6,525 10,489
Total Preferred & Common Equity		 -120 4,377 5,208 5,235 6,525 10,489
Total Common Equity		 -120 4,377 5,208 5,235 6,525 10,489
Common Stock		 579 5,562 6,720 7,040 7,839 11,303
Retained Earnings		 -699 -1,183 -1,504 -1,804 -1,306 -824
Accumulated Other Comprehensive Income / (Loss)		 -0.17 -1.47 -8.30 -1.21 -8.37 11

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 Q3 2025 Q1 2026
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 9/30/2025 3/31/2026
Total Assets		 15,835 22,453 25,561 27,977 31,306 32,642 34,380 37,749 41,112 45,293 53,698
Cash and Due from Banks		 935 2,488 3,016 2,814 3,693 2,335 2,355 2,086 2,123 3,246 3,401
Restricted Cash		 326 490 485 483 455 397 615 630 592 500 360
Trading Account Securities		 195 360 548 580 973 1,566 1,554 2,153 2,375 2,512 3,231
Loans and Leases, Net of Allowance		 0.00 0.00 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 21,587 25,455
Premises and Equipment, Net		 164 180 191 202 228 246 266 317 355 387 448
Goodwill		 1,623 1,623 1,641 1,394 1,394 1,394 1,394 1,394 1,394 1,394 1,394
Intangible Assets		 457 420 412 387 347 331 315 280 264 248 215
Other Assets		 12,134 1,034 1,043 1,124 9,099 10,479 10,557 12,664 13,948 15,419 19,194
Total Liabilities & Shareholders' Equity		 15,835 22,453 25,561 27,977 31,306 32,642 34,380 37,749 41,112 45,293 53,698
Total Liabilities		 10,334 16,899 19,983 22,603 25,160 26,740 28,259 31,071 34,252 36,513 42,887
Non-Interest Bearing Deposits		 90 72 68 65 54 51 56 120 130 141 123
Interest Bearing Deposits		 4,942 10,016 12,672 15,607 21,550 22,946 24,352 27,136 29,411 32,806 40,120
Long-Term Debt		 4,569 6,126 6,484 6,241 2,891 3,107 3,180 3,046 3,943 2,714 1,813
Other Long-Term Liabilities		 733 685 748 690 664 637 671 768 768 853 830
Commitments & Contingencies		 0.00 0.00 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 8,780 10,812
Total Preferred & Common Equity		 5,181 5,234 5,258 5,053 5,826 5,901 6,121 6,679 6,861 8,780 10,812
Total Common Equity		 5,181 5,234 5,258 5,053 5,826 5,901 6,121 6,679 6,861 8,780 10,812
Common Stock		 6,654 6,778 6,848 6,905 7,544 7,602 7,751 7,910 7,994 9,768 11,472
Retained Earnings		 -1,464 -1,538 -1,585 -1,852 -1,716 -1,699 -1,638 -1,234 -1,137 -998 -658
Accumulated Other Comprehensive Income / (Loss)		 -9.60 -6.34 -5.12 0.60 -2.09 -1.48 8.11 2.83 3.59 9.55 -2.74

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 2025
Period end date 12/31/2019 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024 12/31/2025
DEI Shares Outstanding		 - - - - - - 1,205,903,044.00
DEI Adjusted Shares Outstanding		 - - - - - - 1,205,903,044.00
DEI Earnings Per Adjusted Shares Outstanding		 - - - - - - 0.40
Growth Metrics		 - - - - - - -
Profitability Metrics		 - - - - - - -
Valuation Ratios		 - - - - - - -
Leverage & Solvency		 - - - - - - -
Liquidity Ratios		 - - - - - - -
Cash Flow Metrics		 - - - - - - -
Efficiency Ratios		 - - - - - - -
Capital & Investment Metrics		 - - - - - - -
Earnings Adjustments		 - - - - - - -
Adjusted Basic Earnings per Share		 $0.00 $0.00 ($1.00) ($0.40) ($0.36) $0.46 $0.42
Adjusted Weighted Average Basic Shares Outstanding		 0.00 0.00 526.73M 900.89M 945.02M 1.05B 1.15B
Adjusted Diluted Earnings per Share		 $0.00 $0.00 ($1.00) ($0.40) ($0.36) $0.39 $0.39
Adjusted Weighted Average Diluted Shares Outstanding		 0.00 0.00 526.73M 900.89M 945.02M 1.10B 1.25B
Adjusted Basic & Diluted Earnings per Share		 $0.00 $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 1.28B
Debt Service Ratios		 - - - - - - -
Payout Ratios		 - - - - - - -

Quarterly Metrics And Ratios for SoFi Technologies

This table displays calculated financial ratios and metrics derived from SoFi Technologies' official financial filings.

Metric Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026
Period end date 9/30/2023 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024 3/31/2025 6/30/2025 9/30/2025 12/31/2025 3/31/2026
DEI Shares Outstanding		 - - - - - - - - - 1,205,903,044.00 1,275,263,850.00
DEI Adjusted Shares Outstanding		 - - - - - - - - - 1,205,903,044.00 1,275,263,850.00
DEI Earnings Per Adjusted Shares Outstanding		 - - - - - - - - - 0.14 0.13
Growth Metrics		 - - - - - - - - - - -
Revenue Growth		 26.70% 34.76% 36.61% 20.20% 29.77% 19.29% 19.65% 42.82% 37.94% - 42.58%
EBITDA Growth		 -594.88% 157.51% 941.50% 959.28% 156.34% -10.19% -10.81% 149.30% 78.25% - 96.37%
EBIT Growth		 -258.53% 589.74% 361.31% 131.10% 123.92% -13.63% -21.33% 631.37% 132.64% - 150.12%
NOPAT Growth		 -258.53% 275.74% 448.81% 150.40% 132.51% 593.91% -19.23% 458.85% 129.47% - 134.45%
Net Income Growth		 -259.37% 219.76% 355.78% 136.60% 122.78% 593.91% -19.23% 458.85% 129.47% - 134.45%
EPS Growth		 -222.22% 180.00% 140.00% 116.67% 117.24% 675.00% 200.00% 700.00% 120.00% - 100.00%
Operating Cash Flow Growth		 6.73% 89.75% 133.36% 76.71% 56.32% 19.29% -97.09% -202.85% -11.27% - -10,866.41%
Free Cash Flow Firm Growth		 37.76% 111.43% 317.01% 207.15% 237.07% 349.42% -122.57% -155.27% -186.46% - -343.60%
Invested Capital Growth		 15.35% -2.05% -22.63% -25.32% -19.92% -8.33% 7.61% 19.93% 23.57% - 29.83%
Revenue Q/Q Growth		 7.87% 14.56% 4.81% -7.19% 16.46% 5.31% 5.13% 10.78% 12.48% - 7.35%
EBITDA Q/Q Growth		 -3,325.60% 178.41% -10.70% -53.10% 71.55% 25.01% -6.99% 24.98% 22.66% - 7.50%
EBIT Q/Q Growth		 -441.12% 139.75% -11.19% -83.72% 316.26% 43.51% -12.94% 40.62% 32.41% - 7.67%
NOPAT Q/Q Growth		 -441.12% 125.64% 83.76% -80.23% 249.03% 447.33% -78.61% 36.77% 43.31% - -3.93%
Net Income Q/Q Growth		 -460.86% 117.97% 83.76% -80.23% 249.03% 447.33% -78.61% 36.77% 43.31% - -3.93%
EPS Q/Q Growth		 -383.33% 113.79% -50.00% -50.00% 400.00% 520.00% -80.65% 33.33% 37.50% - -14.29%
Operating Cash Flow Q/Q Growth		 -29.16% 90.77% 397.75% -165.61% -142.29% 82.95% 110.75% -6,922.19% 10.98% - -133.56%
Free Cash Flow Firm Q/Q Growth		 39.58% 115.81% 897.08% 12.49% -22.71% -48.16% -150.07% -175.51% -20.91% - -8.77%
Invested Capital Q/Q Growth		 -3.71% -7.12% -16.23% -0.32% 3.26% 6.33% -1.67% 11.09% 6.39% - 2.60%
Profitability Metrics		 - - - - - - - - - - -
EBITDA Margin		 -39.08% 26.75% 22.79% 11.52% 16.96% 20.14% 17.82% 20.10% 21.92% - 24.54%
EBIT Margin		 -49.69% 17.24% 14.61% 2.56% 9.16% 12.48% 10.34% 13.12% 15.45% - 18.14%
Profit (Net Income) Margin		 -49.64% 7.79% 13.65% 2.91% 8.71% 45.29% 9.21% 11.38% 14.50% - 15.15%
Tax Burden Percent		 99.91% 93.66% 93.44% 113.46% 95.13% 554.82% 89.14% 86.69% 93.83% - 83.55%
Interest Burden Percent		 100.00% 48.22% 100.00% 100.00% 100.00% 65.39% 100.00% 100.00% 100.00% - 100.00%
Effective Tax Rate		 0.00% 6.34% 6.56% -13.46% 4.87% -454.82% 10.86% 13.31% 6.17% - 16.45%
Return on Invested Capital (ROIC)		 -6.30% 1.52% 3.03% 0.66% 2.13% 11.72% 2.75% 3.51% 4.63% - 5.35%
ROIC Less NNEP Spread (ROIC-NNEP)		 -7.78% 1.52% 3.03% 0.66% 2.13% 11.72% 2.75% 3.51% 4.63% - 5.35%
Return on Net Nonoperating Assets (RNNOA)		 -7.73% 1.47% 2.33% 0.55% 1.75% 8.34% 1.27% 1.94% 1.83% - 1.49%
Return on Equity (ROE)		 -14.03% 2.98% 5.36% 1.21% 3.88% 20.06% 4.03% 5.45% 6.46% - 6.83%
Cash Return on Invested Capital (CROIC)		 -16.78% 0.14% 24.36% 28.29% 24.17% 13.51% -2.19% -12.45% -14.93% - -20.79%
Operating Return on Assets (OROA)		 -4.46% 1.49% 1.25% 0.21% 0.75% 1.00% 0.84% 1.09% 1.29% - 1.56%
Return on Assets (ROA)		 -4.45% 0.67% 1.17% 0.24% 0.71% 3.64% 0.75% 0.94% 1.21% - 1.31%
Return on Common Equity (ROCE)		 -13.20% 2.81% 5.06% 1.18% 3.77% 19.52% 3.93% 5.45% 6.46% - 6.83%
Return on Equity Simple (ROE_SIMPLE)		 -7.69% 0.00% -3.06% -1.92% 3.50% 0.00% 7.21% 8.19% 7.29% - 5.34%
Net Operating Profit after Tax (NOPAT)		 -187 48 88 17 61 332 71 97 139 - 167
NOPAT Margin		 -34.78% 7.79% 13.65% 2.91% 8.71% 45.29% 9.21% 11.38% 14.50% - 15.15%
Net Nonoperating Expense Percent (NNEP)		 1.48% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% - 0.00%
SG&A Expenses to Revenue		 58.16% 51.43% 46.25% 52.94% 50.87% 51.52% 51.10% 48.76% 47.22% - 47.55%
Operating Expenses to Revenue		 149.69% 82.76% 85.39% 97.44% 90.84% 87.52% 88.93% 85.70% 83.60% - 81.06%
Earnings before Interest and Taxes (EBIT)		 -267 106 94 15 64 92 80 112 149 - 200
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)		 -210 165 147 69 118 148 138 172 211 - 270
Valuation Ratios		 - - - - - - - - - - -
Price to Book Value (P/BV)		 1.50 1.82 1.20 1.18 1.37 2.56 1.91 2.93 3.60 - 1.87
Price to Tangible Book Value (P/TBV)		 2.32 2.74 1.71 1.67 1.90 3.46 2.55 3.87 4.43 - 2.20
Price to Revenue (P/Rev)		 3.87 4.49 3.05 2.92 3.28 6.25 4.55 6.58 9.52 - 5.14
Price to Earnings (P/E)		 0.00 0.00 0.00 0.00 39.25 33.51 26.42 35.79 49.63 - 35.44
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% 2.55% 2.98% 3.78% 2.79% 2.02% - 2.82%
Enterprise Value to Invested Capital (EV/IC)		 0.93 1.06 0.67 0.82 0.92 1.73 1.35 1.98 2.66 - 1.45
Enterprise Value to Revenue (EV/Rev)		 5.53 5.41 2.64 3.07 3.36 6.41 4.67 6.98 9.21 - 4.64
Enterprise Value to EBITDA (EV/EBITDA)		 0.00 0.00 56.04 43.16 17.22 35.59 27.77 39.28 48.10 - 20.25
Enterprise Value to EBIT (EV/EBIT)		 0.00 0.00 0.00 0.00 30.73 64.72 52.52 67.64 76.42 - 28.35
Enterprise Value to NOPAT (EV/NOPAT)		 0.00 0.00 0.00 0.00 40.11 34.40 27.16 38.03 47.80 - 31.73
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)		 0.00 757.83 2.40 2.47 3.40 12.28 0.00 0.00 0.00 - 0.00
Leverage & Solvency		 - - - - - - - - - - -
Debt to Equity		 1.16 0.94 0.47 0.53 0.52 0.49 0.46 0.57 0.31 - 0.17
Long-Term Debt to Equity		 1.16 0.94 0.47 0.53 0.52 0.49 0.46 0.57 0.31 - 0.17
Financial Leverage		 0.99 0.97 0.77 0.84 0.82 0.71 0.46 0.55 0.40 - 0.28
Leverage Ratio		 4.03 4.43 4.59 5.07 5.42 5.51 5.38 5.78 5.35 - 5.23
Compound Leverage Factor		 4.03 2.14 4.59 5.07 5.42 3.61 5.38 5.78 5.35 - 5.23
Debt to Total Capital		 53.73% 48.51% 31.99% 34.49% 34.19% 32.72% 31.32% 36.50% 23.61% - 14.36%
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		 53.73% 48.51% 31.99% 34.49% 34.19% 32.72% 31.32% 36.50% 23.61% - 14.36%
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		 2.76% 2.97% 3.55% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% - 0.00%
Common Equity to Total Capital		 43.51% 48.52% 64.46% 65.51% 65.81% 67.28% 68.68% 63.51% 76.39% - 85.64%
Debt to EBITDA		 -49.78 -211.94 26.72 18.21 6.38 6.58 6.47 7.25 4.27 - 2.01
Net Debt to EBITDA		 -23.48 -65.52 -11.61 2.20 0.42 0.92 0.70 2.26 -1.62 - -2.15
Long-Term Debt to EBITDA		 -49.78 -211.94 26.72 18.21 6.38 6.58 6.47 7.25 4.27 - 2.01
Debt to NOPAT		 -22.79 -24.83 -24.17 -41.79 14.85 6.36 6.32 7.02 4.24 - 3.14
Net Debt to NOPAT		 -10.75 -7.67 10.51 -5.04 0.98 0.89 0.69 2.19 -1.61 - -3.38
Long-Term Debt to NOPAT		 -22.79 -24.83 -24.17 -41.79 14.85 6.36 6.32 7.02 4.24 - 3.14
Noncontrolling Interest Sharing Ratio		 5.89% 5.78% 5.48% 2.79% 2.79% 2.65% 2.50% 0.00% 0.00% - 0.00%
Liquidity Ratios		 - - - - - - - - - - -
Cash Flow Metrics		 - - - - - - - - - - -
Free Cash Flow to Firm (FCFF)		 -1,732 274 2,731 3,072 2,374 1,231 -616 -1,698 -2,053 - -2,734
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		 -7.90 1.07 10.38 11.72 8.12 4.50 -2.32 -6.18 -6.70 - -8.88
Operating Cash Flow to Interest Expense		 -12.25 -0.97 2.81 -1.85 -4.01 -0.73 0.08 -5.34 -4.26 - -7.52
Operating Cash Flow Less CapEx to Interest Expense		 -12.24 -0.96 2.81 -1.84 -4.01 -0.72 0.09 -5.33 -4.25 - -7.51
Efficiency Ratios		 - - - - - - - - - - -
Asset Turnover		 0.09 0.09 0.09 0.08 0.08 0.08 0.08 0.08 0.08 - 0.09
Fixed Asset Turnover		 10.72 10.97 11.25 10.95 10.92 10.60 10.29 10.18 10.18 - 10.30
Capital & Investment Metrics		 - - - - - - - - - - -
Invested Capital		 11,615 10,788 9,037 9,008 9,302 9,890 9,725 10,803 11,494 - 12,625
Invested Capital Turnover		 0.18 0.19 0.22 0.23 0.24 0.26 0.30 0.31 0.32 - 0.35
Increase / (Decrease) in Invested Capital		 1,545 -226 -2,643 -3,054 -2,313 -898 687 1,795 2,192 - 2,900
Enterprise Value (EV)		 10,856 11,478 6,063 7,363 8,589 17,155 13,083 21,357 30,604 - 18,303
Market Capitalization		 7,591 9,539 6,999 6,988 8,378 16,711 12,753 20,129 31,637 - 20,251
Book Value per Share		 $5.32 $5.46 $5.93 $5.58 $5.74 $6.01 $6.09 $6.21 $7.33 - $8.48
Tangible Book Value per Share		 $3.44 $3.63 $4.16 $3.95 $4.14 $4.45 $4.56 $4.71 $5.96 - $7.22
Total Capital		 11,615 10,788 9,037 9,008 9,302 9,699 9,725 10,803 11,494 - 12,625
Total Debt		 6,241 5,233 2,891 3,107 3,180 3,174 3,046 3,943 2,714 - 1,813
Total Long-Term Debt		 6,241 5,233 2,891 3,107 3,180 3,174 3,046 3,943 2,714 - 1,813
Net Debt		 2,944 1,618 -1,257 375 210 443 330 1,228 -1,033 - -1,948
Capital Expenditures (CapEx)		 -2.37 -2.35 -2.13 -2.76 -2.50 -1.97 -1.64 -2.53 -3.18 - -1.23
Net Nonoperating Expense (NNE)		 80 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 - 0.00
Net Nonoperating Obligations (NNO)		 6,241 5,233 2,891 3,107 3,180 3,365 3,046 3,943 2,714 - 1,813
Total Depreciation and Amortization (D&A)		 57 59 53 54 54 56 58 60 62 - 70
Earnings Adjustments		 - - - - - - - - - - -
Adjusted Basic Earnings per Share		 ($0.29) $0.04 $0.08 $0.01 $0.06 $0.31 $0.06 $0.09 $0.12 $0.15 $0.13
Adjusted Weighted Average Basic Shares Outstanding		 951.18M 945.02M 982.62M 1.06B 1.07B 1.05B 1.10B 1.11B 1.17B 1.15B 1.28B
Adjusted Diluted Earnings per Share		 ($0.29) $0.04 $0.02 $0.01 $0.05 $0.31 $0.06 $0.08 $0.11 $0.14 $0.12
Adjusted Weighted Average Diluted Shares Outstanding		 951.18M 945.02M 1.04B 1.07B 1.10B 1.10B 1.19B 1.18B 1.29B 1.25B 1.38B
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		 958.74M 976.74M 1.06B 1.07B 1.09B 1.10B 1.11B 1.20B 1.21B 1.28B 1.28B
Normalized Net Operating Profit after Tax (NOPAT)		 -14 48 88 11 61 42 71 97 139 - 167
Normalized NOPAT Margin		 -2.57% 7.79% 13.65% 1.79% 8.71% 5.71% 9.21% 11.38% 14.50% - 15.15%
Pre Tax Income Margin		 -49.69% 8.31% 14.61% 2.56% 9.16% 8.16% 10.34% 13.12% 15.45% - 18.14%
Debt Service Ratios		 - - - - - - - - - - -
EBIT to Interest Expense		 -1.22 0.42 0.36 0.06 0.22 0.33 0.30 0.41 0.48 - 0.65
NOPAT to Interest Expense		 -0.85 0.19 0.33 0.07 0.21 1.21 0.27 0.35 0.45 - 0.54
EBIT Less CapEx to Interest Expense		 -1.21 0.42 0.37 0.07 0.23 0.34 0.31 0.42 0.50 - 0.65
NOPAT Less CapEx to Interest Expense		 -0.84 0.20 0.34 0.08 0.22 1.22 0.27 0.36 0.47 - 0.55
Payout Ratios		 - - - - - - - - - - -
Dividend Payout Ratio		 -10.40% -13.44% 0.00% -32.54% 17.23% 3.31% 0.00% 0.00% 0.00% - 0.00%
Augmented Payout Ratio		 -10.40% -13.44% 0.00% -32.54% 17.23% 3.31% 0.00% 0.00% 0.00% - 0.00%

Financials Breakdown Chart

Key Financial Trends

SoFi Technologies’ latest quarter shows a business that is still growing quickly, but with some important cash-flow and balance-sheet tradeoffs. In Q1 2026, revenue rose to $1.10 billion and net income attributable to common shareholders was $153.0 million, both up from the prior quarter. However, operating cash flow was a large negative $2.31 billion, driven by a sharp increase in operating assets and liabilities, and the company leaned heavily on financing activity to support growth.

  • Revenue continued to climb: Q1 2026 total revenue reached $1.10 billion, up from $1.03 billion in Q4 2025 and $961.6 million in Q3 2025.
  • Net income remained solid: SoFi posted $166.7 million in consolidated net income in Q1 2026, compared with $173.5 million in Q4 2025 and $139.4 million in Q3 2025.
  • Earnings per share improved year over year: Basic EPS was $0.13 in Q1 2026 versus $0.12 in Q1 2025, showing continued profitability progress.
  • Interest income is growing: Total interest income rose to $1.00 billion in Q1 2026 from $927.4 million in Q4 2025 and $891.6 million in Q3 2025.
  • Deposits expanded meaningfully: Net change in deposits was $3.03 billion in Q1 2026, helping fuel balance-sheet growth and lending capacity.
  • Cash and equivalents increased versus year-end 2025: Cash and due from banks rose to $3.40 billion at March 31, 2026 from $3.25 billion at December 31, 2025.
  • Loan-related income stayed strong: Loans and leases interest income increased to $932.2 million in Q1 2026, up from $864.4 million in Q4 2025.
  • Credit costs remained manageable: Provision for credit losses was $8.9 million in Q1 2026, roughly in line with recent quarters.
  • Equity and assets expanded: Total assets reached $53.7 billion, up from $45.3 billion in Q3 2025, while total common equity increased to $10.8 billion.
  • Share count remains elevated: Weighted average diluted shares were 1.378 billion in Q1 2026, so dilution is still a factor for per-share results.
  • Operating cash flow was deeply negative: Net cash from operating activities was negative $2.31 billion in Q1 2026, versus negative $991.2 million in Q4 2025.
  • Working-capital swings were a major drag: Changes in operating assets and liabilities were a negative $2.83 billion in Q1 2026, the main reason operating cash flow deteriorated.
  • Investing outflows were large: Net cash from investing activities was negative $2.39 billion as SoFi continued building its securities and asset base.
  • Funding mix leaned heavily on financing: Net cash from financing activities was positive $3.11 billion, which helped offset the operating and investing outflows.
  • Long-term debt is still meaningful: Long-term debt stood at $1.81 billion in Q1 2026, and debt levels have fluctuated materially over the past year.

Bottom line: SoFi’s core earnings trend remains constructive, with revenue, net income, and interest income all moving in the right direction over the last year. The main caution flag is cash flow: the business is still absorbing a lot of cash to support asset growth and balance-sheet expansion. For retail investors, that means the story is still centered on execution — sustained growth and profitability on one side, but continued reliance on funding and working-capital efficiency on the other.

06/16/26 08:58 PM ETAI Generated. May Contain Errors.

SoFi Technologies Financials - Frequently Asked Questions

According to the most recent income statement we have on file, SoFi Technologies' fiscal year ends in December. Their fiscal year 2025 ended on December 31, 2025.

SoFi Technologies' net income appears to be on a downward trend, with a most recent value of $481.32 million in 2025, falling from -$239.70 million in 2019. The previous period was $498.67 million in 2024. Check out SoFi Technologies' forecast to explore projected trends and price targets.

Over the last 6 years, SoFi Technologies' total revenue changed from $442.66 million in 2019 to $3.61 billion in 2025, a change of 716.3%.

SoFi Technologies' total liabilities were at $40.17 billion at the end of 2025, a 35.1% increase from 2024, and a 629.1% increase since 2020.

In the past 5 years, SoFi Technologies' cash and equivalents has ranged from $494.71 million in 2021 to $4.93 billion in 2025, and is currently $4.93 billion as of their latest financial filing in 2025.


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Financial statements for NASDAQ:SOFI last updated on 5/12/2026 by MarketBeat.com Staff. New filings and market data are monitored continuously.
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