SoFi Technologies (SOFI) Financials

$18.29 -0.14 (-0.76%)

Closing price 08/14/2026 04:00 PM Eastern

Extended Trading

$18.30 +0.01 (+0.03%)

As of 08/14/2026 07:59 PM Eastern

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

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 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026	Q2 2026
Period end date	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	6/30/2026
Net Income / (Loss) Attributable to Common Shareholders	47	87	17	70	332	82	98	145	187	153	147
Consolidated Net Income / (Loss)	48	88	17	61	332	71	97	139	174	167	157
Net Income / (Loss) Continuing Operations	48	88	17	61	332	71	97	139	174	167	157
Total Pre-Tax Income	51	94	15	64	60	80	112	149	185	200	204
Total Revenue	615	645	599	697	734	772	855	962	1,025	1,100	1,219
Net Interest Income / (Expense)	390	403	413	431	470	499	518	585	617	693	788
Total Interest Income	645	666	675	723	744	764	792	892	927	1,001	1,141
Loans and Leases Interest Income	599	620	621	672	689	713	739	830	864	932	1,068
Other Interest Income	46	46	54	51	55	51	54	61	63	69	73
Total Interest Expense	256	263	262	292	274	265	275	306	310	308	352
Deposits Interest Expense	363	211	249	248	320	225	233	265	233	287	320
Long-Term Debt Interest Expense	-108	52	13	44	-46	40	41	41	77	21	29
Other Interest Expense	0.11	-	0.11	0.11	0.11	0.12	0.18	0.10	0.25	0.08	2.42
Total Non-Interest Income	226	242	186	266	264	273	337	376	408	407	430
Service Charges on Deposit Accounts	87	86	147	171	88	139	162	155	201	192	203
Other Service Charges	56	100	39	95	102	134	175	221	256	215	226
Provision for Credit Losses	-	7.18	12	6.01	-	5.68	10	9.20	5.41	8.90	14
Total Non-Interest Expense	509	544	572	627	642	686	733	804	834	892	1,001
Marketing Expense	317	298	317	355	378	394	417	454	478	523	584
Other Operating Expenses	248	245	255	273	296	292	316	350	356	369	417
Income Tax Expense	3.25	6.18	-2.06	3.11	-273	8.67	15	9.16	12	33	48
Other Adjustment to Net Income / (Loss) Attributable to Common Shareholders)	-	0.88	-	-9.59	-	-11	-0.77	-5.96	-	14	9.24
Basic Earnings per Share	$0.04	$0.08	$0.01	$0.06	$0.31	$0.06	$0.09	$0.12	$0.15	$0.13	$0.12
Weighted Average Basic Shares Outstanding	945.02M	982.62M	1.06B	1.07B	1.05B	1.10B	1.11B	1.17B	1.15B	1.28B	1.28B
Diluted Earnings per Share	$0.04	$0.02	$0.01	$0.05	$0.31	$0.06	$0.08	$0.11	$0.14	$0.12	$0.12
Weighted Average Diluted Shares Outstanding	945.02M	1.04B	1.07B	1.10B	1.10B	1.19B	1.18B	1.29B	1.25B	1.38B	1.35B
Weighted Average Basic & Diluted Shares Outstanding	976.74M	1.06B	1.07B	1.09B	1.10B	1.11B	1.20B	1.21B	1.28B	1.28B	1.29B

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

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 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026	Q2 2026
Period end date	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	6/30/2026
Net Change in Cash & Equivalents	319	532	-1,416	238	-260	6.78	-1.53	1,032	1,610	-1,596	-196
Net Cash From Operating Activities	-248	738	-484	-1,174	-200	22	-1,467	-1,306	-991	-2,315	-3,890
Net Cash From Continuing Operating Activities	-198	738	-484	-1,174	-200	22	-1,467	-1,306	-991	-2,315	-3,890
Net Income / (Loss) Continuing Operations	48	88	17	61	332	71	97	139	174	167	157
Consolidated Net Income / (Loss)	48	88	17	61	332	71	97	139	174	167	157
Provision For Loan Losses	-	7.18	12	6.01	6.88	5.68	10	9.20	5.41	8.90	14
Depreciation Expense	53	49	50	52	54	55	57	59	63	68	73
Amortization Expense	5.06	4.23	3.98	2.61	2.66	2.44	2.92	3.00	2.97	2.90	2.75
Non-Cash Adjustments to Reconcile Net Income	-10	-39	33	-29	-216	159	405	177	163	271	336
Changes in Operating Assets and Liabilities, net	-349	629	-600	-1,265	-380	-272	-2,039	-1,693	-1,399	-2,832	-4,472
Net Cash From Investing Activities	-1,414	-1,261	-2,195	-84	-1,281	-1,440	-1,722	-1,459	-2,097	-2,394	-2,831
Net Cash From Continuing Investing Activities	-1,405	-1,257	-2,189	-79	-1,955	-1,437	-1,717	-1,453	-2,094	-2,392	-2,829
Purchase of Property, Leasehold Improvements and Equipment	2.35	2.13	2.76	2.50	1.97	1.64	2.53	3.18	1.32	1.23	1.07
Purchase of Investment Securities	-1,584	-1,402	-2,545	-874	-1,745	-1,573	-2,067	-2,022	-2,633	-3,191	-3,041
Sale and/or Maturity of Investments	177	143	353	792	-212	134	347	566	537	798	212
Net Cash From Financing Activities	1,980	1,055	1,263	1,495	1,221	1,426	3,188	3,797	4,698	3,115	6,526
Net Cash From Continuing Financing Activities	1,980	1,055	1,263	1,495	1,221	1,426	3,188	3,797	4,698	3,115	6,526
Net Change in Deposits	2,935	2,897	1,400	1,357	1,300	1,481	2,286	3,335	4,147	3,034	4,968
Issuance of Debt	-722	-1,582	334	186	-76	-31	899	-1,227	-898	0.00	1,488
Issuance of Common Equity	-	-	-	-	-	0.00	-	1,700	1,500	87	24
Repayment of Debt	-209	-176	-128	-43	-15	-18	-4.46	-4.71	-5.18	-3.66	-4.18
Other Financing Activities, Net	-4.51	-84	-3.83	-4.75	11	-5.40	-3.70	-5.73	-47	-3.64	49
Effect of Exchange Rate Changes	0.48	-0.18	-0.14	0.56	-0.25	-0.27	-0.56	-0.23	0.71	-0.77	0.07

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

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	Q1 2023	Q2 2023	Q3 2023	Q1 2024	Q2 2024	Q3 2024	Q1 2025	Q2 2025	Q3 2025	Q1 2026	Q2 2026
Period end date	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	6/30/2026
Total Assets	22,453	25,561	27,977	31,306	32,642	34,380	37,749	41,112	45,293	53,698	60,948
Cash and Due from Banks	2,488	3,016	2,814	3,693	2,335	2,355	2,086	2,123	3,246	3,401	3,126
Restricted Cash	490	485	483	455	397	615	630	592	500	360	439
Trading Account Securities	360	548	580	973	1,566	1,554	2,153	2,375	2,512	3,231	4,226
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	29,737
Premises and Equipment, Net	180	191	202	228	246	266	317	355	387	448	497
Goodwill	1,623	1,641	1,394	1,394	1,394	1,394	1,394	1,394	1,394	1,394	1,425
Intangible Assets	420	412	387	347	331	315	280	264	248	215	227
Other Assets	1,034	1,043	1,124	9,099	10,479	10,557	12,664	13,948	15,419	19,194	21,271
Total Liabilities & Shareholders' Equity	22,453	25,561	27,977	31,306	32,642	34,380	37,749	41,112	45,293	53,698	60,948
Total Liabilities	16,899	19,983	22,603	25,160	26,740	28,259	31,071	34,252	36,513	42,887	49,871
Non-Interest Bearing Deposits	72	68	65	54	51	56	120	130	141	123	127
Interest Bearing Deposits	10,016	12,672	15,607	21,550	22,946	24,352	27,136	29,411	32,806	40,120	45,416
Long-Term Debt	6,126	6,484	6,241	2,891	3,107	3,180	3,046	3,943	2,714	1,813	3,301
Other Long-Term Liabilities	685	748	690	664	637	671	768	768	853	830	1,028
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	5,234	5,258	5,053	5,826	5,901	6,121	6,679	6,861	8,780	10,812	11,076
Total Preferred & Common Equity	5,234	5,258	5,053	5,826	5,901	6,121	6,679	6,861	8,780	10,812	11,076
Total Common Equity	5,234	5,258	5,053	5,826	5,901	6,121	6,679	6,861	8,780	10,812	11,076
Common Stock	6,778	6,848	6,905	7,544	7,602	7,751	7,910	7,994	9,768	11,472	11,589
Retained Earnings	-1,538	-1,585	-1,852	-1,716	-1,699	-1,638	-1,234	-1,137	-998	-658	-501
Accumulated Other Comprehensive Income / (Loss)	-6.34	-5.12	0.60	-2.09	-1.48	8.11	2.83	3.59	9.55	-2.74	-12

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	-	-	-	-	-	-	-

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

Metric	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026	Q2 2026
Period end date	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	6/30/2026
DEI Shares Outstanding	-	-	-	-	-	-	-	-	1,205,903,044.00	1,275,263,850.00	1,282,741,200.00
DEI Adjusted Shares Outstanding	-	-	-	-	-	-	-	-	1,205,903,044.00	1,275,263,850.00	1,282,741,200.00
DEI Earnings Per Adjusted Shares Outstanding	-	-	-	-	-	-	-	-	0.14	0.13	0.12
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	34.76%	36.61%	20.20%	29.77%	19.29%	19.65%	42.82%	37.94%	-	42.58%	42.54%
EBITDA Growth	157.51%	941.50%	959.28%	156.34%	-10.19%	-10.81%	149.30%	78.25%	-	96.37%	63.02%
EBIT Growth	589.74%	361.31%	131.10%	123.92%	-13.63%	-21.33%	631.37%	132.64%	-	150.12%	82.11%
NOPAT Growth	275.74%	448.81%	150.40%	132.51%	593.91%	-19.23%	458.85%	129.47%	-	134.45%	61.00%
Net Income Growth	219.76%	355.78%	136.60%	122.78%	593.91%	-19.23%	458.85%	129.47%	-	134.45%	61.00%
EPS Growth	180.00%	140.00%	116.67%	117.24%	675.00%	200.00%	700.00%	120.00%	-	100.00%	50.00%
Operating Cash Flow Growth	89.75%	133.36%	76.71%	56.32%	19.29%	-97.09%	-202.85%	-11.27%	-	-10,866.41%	-165.21%
Free Cash Flow Firm Growth	111.43%	317.01%	207.15%	237.07%	349.42%	-122.57%	-155.27%	-186.46%	-	-343.60%	-101.25%
Invested Capital Growth	-2.05%	-22.63%	-25.32%	-19.92%	-8.33%	7.61%	19.93%	23.57%	-	29.83%	33.08%
Revenue Q/Q Growth	14.56%	4.81%	-7.19%	16.46%	5.31%	5.13%	10.78%	12.48%	-	7.35%	10.75%
EBITDA Q/Q Growth	178.41%	-10.70%	-53.10%	71.55%	25.01%	-6.99%	24.98%	22.66%	-	7.50%	3.75%
EBIT Q/Q Growth	139.75%	-11.19%	-83.72%	316.26%	43.51%	-12.94%	40.62%	32.41%	-	7.67%	2.38%
NOPAT Q/Q Growth	125.64%	83.76%	-80.23%	249.03%	447.33%	-78.61%	36.77%	43.31%	-	-3.93%	-6.08%
Net Income Q/Q Growth	117.97%	83.76%	-80.23%	249.03%	447.33%	-78.61%	36.77%	43.31%	-	-3.93%	-6.08%
EPS Q/Q Growth	113.79%	-50.00%	-50.00%	400.00%	520.00%	-80.65%	33.33%	37.50%	-	-14.29%	0.00%
Operating Cash Flow Q/Q Growth	90.77%	397.75%	-165.61%	-142.29%	82.95%	110.75%	-6,922.19%	10.98%	-	-133.56%	-68.05%
Free Cash Flow Firm Q/Q Growth	115.81%	897.08%	12.49%	-22.71%	-48.16%	-150.07%	-175.51%	-20.91%	-	-8.77%	-24.99%
Invested Capital Q/Q Growth	-7.12%	-16.23%	-0.32%	3.26%	6.33%	-1.67%	11.09%	6.39%	-	2.60%	13.87%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
EBITDA Margin	26.75%	22.79%	11.52%	16.96%	20.14%	17.82%	20.10%	21.92%	-	24.54%	22.99%
EBIT Margin	17.24%	14.61%	2.56%	9.16%	12.48%	10.34%	13.12%	15.45%	-	18.14%	16.76%
Profit (Net Income) Margin	7.79%	13.65%	2.91%	8.71%	45.29%	9.21%	11.38%	14.50%	-	15.15%	12.85%
Tax Burden Percent	93.66%	93.44%	113.46%	95.13%	554.82%	89.14%	86.69%	93.83%	-	83.55%	76.64%
Interest Burden Percent	48.22%	100.00%	100.00%	100.00%	65.39%	100.00%	100.00%	100.00%	-	100.00%	100.00%
Effective Tax Rate	6.34%	6.56%	-13.46%	4.87%	-454.82%	10.86%	13.31%	6.17%	-	16.45%	23.36%
Return on Invested Capital (ROIC)	1.52%	3.03%	0.66%	2.13%	11.72%	2.75%	3.51%	4.63%	-	5.35%	4.39%
ROIC Less NNEP Spread (ROIC-NNEP)	1.52%	3.03%	0.66%	2.13%	11.72%	2.75%	3.51%	4.63%	-	5.35%	4.39%
Return on Net Nonoperating Assets (RNNOA)	1.47%	2.33%	0.55%	1.75%	8.34%	1.27%	1.94%	1.83%	-	1.49%	1.77%
Return on Equity (ROE)	2.98%	5.36%	1.21%	3.88%	20.06%	4.03%	5.45%	6.46%	-	6.83%	6.17%
Cash Return on Invested Capital (CROIC)	0.14%	24.36%	28.29%	24.17%	13.51%	-2.19%	-12.45%	-14.93%	-	-20.79%	-23.33%
Operating Return on Assets (OROA)	1.49%	1.25%	0.21%	0.75%	1.00%	0.84%	1.09%	1.29%	-	1.56%	1.41%
Return on Assets (ROA)	0.67%	1.17%	0.24%	0.71%	3.64%	0.75%	0.94%	1.21%	-	1.31%	1.08%
Return on Common Equity (ROCE)	2.81%	5.06%	1.18%	3.77%	19.52%	3.93%	5.45%	6.46%	-	6.83%	6.17%
Return on Equity Simple (ROE_SIMPLE)	0.00%	-3.06%	-1.92%	3.50%	0.00%	7.21%	8.19%	7.29%	-	5.34%	5.74%
Net Operating Profit after Tax (NOPAT)	48	88	17	61	332	71	97	139	-	167	157
NOPAT Margin	7.79%	13.65%	2.91%	8.71%	45.29%	9.21%	11.38%	14.50%	-	15.15%	12.85%
Net Nonoperating Expense Percent (NNEP)	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	-	0.00%	0.00%
SG&A Expenses to Revenue	51.43%	46.25%	52.94%	50.87%	51.52%	51.10%	48.76%	47.22%	-	47.55%	47.89%
Operating Expenses to Revenue	82.76%	85.39%	97.44%	90.84%	87.52%	88.93%	85.70%	83.60%	-	81.06%	82.11%
Earnings before Interest and Taxes (EBIT)	106	94	15	64	92	80	112	149	-	200	204
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	165	147	69	118	148	138	172	211	-	270	280
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	1.82	1.20	1.18	1.37	2.56	1.91	2.93	3.60	-	1.87	2.08
Price to Tangible Book Value (P/TBV)	2.74	1.71	1.67	1.90	3.46	2.55	3.87	4.43	-	2.20	2.44
Price to Revenue (P/Rev)	4.49	3.05	2.92	3.28	6.25	4.55	6.58	9.52	-	5.14	5.34
Price to Earnings (P/E)	0.00	0.00	0.00	39.25	33.51	26.42	35.79	49.63	-	35.44	37.05
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%	2.55%	2.98%	3.78%	2.79%	2.02%	-	2.82%	2.70%
Enterprise Value to Invested Capital (EV/IC)	1.06	0.67	0.82	0.92	1.73	1.35	1.98	2.66	-	1.45	1.58
Enterprise Value to Revenue (EV/Rev)	5.41	2.64	3.07	3.36	6.41	4.67	6.98	9.21	-	4.64	5.28
Enterprise Value to EBITDA (EV/EBITDA)	0.00	56.04	43.16	17.22	35.59	27.77	39.28	48.10	-	20.25	22.46
Enterprise Value to EBIT (EV/EBIT)	0.00	0.00	0.00	30.73	64.72	52.52	67.64	76.42	-	28.35	30.82
Enterprise Value to NOPAT (EV/NOPAT)	0.00	0.00	0.00	40.11	34.40	27.16	38.03	47.80	-	31.73	35.73
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)	757.83	2.40	2.47	3.40	12.28	0.00	0.00	0.00	-	0.00	0.00
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.94	0.47	0.53	0.52	0.49	0.46	0.57	0.31	-	0.17	0.30
Long-Term Debt to Equity	0.94	0.47	0.53	0.52	0.49	0.46	0.57	0.31	-	0.17	0.30
Financial Leverage	0.97	0.77	0.84	0.82	0.71	0.46	0.55	0.40	-	0.28	0.40
Leverage Ratio	4.43	4.59	5.07	5.42	5.51	5.38	5.78	5.35	-	5.23	5.69
Compound Leverage Factor	2.14	4.59	5.07	5.42	3.61	5.38	5.78	5.35	-	5.23	5.69
Debt to Total Capital	48.51%	31.99%	34.49%	34.19%	32.72%	31.32%	36.50%	23.61%	-	14.36%	22.96%
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	48.51%	31.99%	34.49%	34.19%	32.72%	31.32%	36.50%	23.61%	-	14.36%	22.96%
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	2.97%	3.55%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	-	0.00%	0.00%
Common Equity to Total Capital	48.52%	64.46%	65.51%	65.81%	67.28%	68.68%	63.51%	76.39%	-	85.64%	77.04%
Debt to EBITDA	-211.94	26.72	18.21	6.38	6.58	6.47	7.25	4.27	-	2.01	3.26
Net Debt to EBITDA	-65.52	-11.61	2.20	0.42	0.92	0.70	2.26	-1.62	-	-2.15	-0.26
Long-Term Debt to EBITDA	-211.94	26.72	18.21	6.38	6.58	6.47	7.25	4.27	-	2.01	3.26
Debt to NOPAT	-24.83	-24.17	-41.79	14.85	6.36	6.32	7.02	4.24	-	3.14	5.19
Net Debt to NOPAT	-7.67	10.51	-5.04	0.98	0.89	0.69	2.19	-1.61	-	-3.38	-0.42
Long-Term Debt to NOPAT	-24.83	-24.17	-41.79	14.85	6.36	6.32	7.02	4.24	-	3.14	5.19
Noncontrolling Interest Sharing Ratio	5.78%	5.48%	2.79%	2.79%	2.65%	2.50%	0.00%	0.00%	-	0.00%	0.00%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	274	2,731	3,072	2,374	1,231	-616	-1,698	-2,053	-	-2,734	-3,417
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	1.07	10.38	11.72	8.12	4.50	-2.32	-6.18	-6.70	-	-8.88	-9.70
Operating Cash Flow to Interest Expense	-0.97	2.81	-1.85	-4.01	-0.73	0.08	-5.34	-4.26	-	-7.52	-11.04
Operating Cash Flow Less CapEx to Interest Expense	-0.96	2.81	-1.84	-4.01	-0.72	0.09	-5.33	-4.25	-	-7.51	-11.04
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.09	0.09	0.08	0.08	0.08	0.08	0.08	0.08	-	0.09	0.08
Fixed Asset Turnover	10.97	11.25	10.95	10.92	10.60	10.29	10.18	10.18	-	10.30	10.11
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	10,788	9,037	9,008	9,302	9,890	9,725	10,803	11,494	-	12,625	14,377
Invested Capital Turnover	0.19	0.22	0.23	0.24	0.26	0.30	0.31	0.32	-	0.35	0.34
Increase / (Decrease) in Invested Capital	-226	-2,643	-3,054	-2,313	-898	687	1,795	2,192	-	2,900	3,574
Enterprise Value (EV)	11,478	6,063	7,363	8,589	17,155	13,083	21,357	30,604	-	18,303	22,735
Market Capitalization	9,539	6,999	6,988	8,378	16,711	12,753	20,129	31,637	-	20,251	23,000
Book Value per Share	$5.46	$5.93	$5.58	$5.74	$6.01	$6.09	$6.21	$7.33	-	$8.48	$8.63
Tangible Book Value per Share	$3.63	$4.16	$3.95	$4.14	$4.45	$4.56	$4.71	$5.96	-	$7.22	$7.35
Total Capital	10,788	9,037	9,008	9,302	9,699	9,725	10,803	11,494	-	12,625	14,377
Total Debt	5,233	2,891	3,107	3,180	3,174	3,046	3,943	2,714	-	1,813	3,301
Total Long-Term Debt	5,233	2,891	3,107	3,180	3,174	3,046	3,943	2,714	-	1,813	3,301
Net Debt	1,618	-1,257	375	210	443	330	1,228	-1,033	-	-1,948	-265
Capital Expenditures (CapEx)	-2.35	-2.13	-2.76	-2.50	-1.97	-1.64	-2.53	-3.18	-	-1.23	-1.07
Net Nonoperating Expense (NNE)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	-	0.00	0.00
Net Nonoperating Obligations (NNO)	5,233	2,891	3,107	3,180	3,365	3,046	3,943	2,714	-	1,813	3,301
Total Depreciation and Amortization (D&A)	59	53	54	54	56	58	60	62	-	70	76
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$0.04	$0.08	$0.01	$0.06	$0.31	$0.06	$0.09	$0.12	$0.15	$0.13	$0.12
Adjusted Weighted Average Basic Shares Outstanding	945.02M	982.62M	1.06B	1.07B	1.05B	1.10B	1.11B	1.17B	1.15B	1.28B	1.28B
Adjusted Diluted Earnings per Share	$0.04	$0.02	$0.01	$0.05	$0.31	$0.06	$0.08	$0.11	$0.14	$0.12	$0.12
Adjusted Weighted Average Diluted Shares Outstanding	945.02M	1.04B	1.07B	1.10B	1.10B	1.19B	1.18B	1.29B	1.25B	1.38B	1.35B
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	976.74M	1.06B	1.07B	1.09B	1.10B	1.11B	1.20B	1.21B	1.28B	1.28B	1.29B
Normalized Net Operating Profit after Tax (NOPAT)	48	88	11	61	42	71	97	139	-	167	157
Normalized NOPAT Margin	7.79%	13.65%	1.79%	8.71%	5.71%	9.21%	11.38%	14.50%	-	15.15%	12.85%
Pre Tax Income Margin	8.31%	14.61%	2.56%	9.16%	8.16%	10.34%	13.12%	15.45%	-	18.14%	16.76%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	0.42	0.36	0.06	0.22	0.33	0.30	0.41	0.48	-	0.65	0.58
NOPAT to Interest Expense	0.19	0.33	0.07	0.21	1.21	0.27	0.35	0.45	-	0.54	0.44
EBIT Less CapEx to Interest Expense	0.42	0.37	0.07	0.23	0.34	0.31	0.42	0.50	-	0.65	0.58
NOPAT Less CapEx to Interest Expense	0.20	0.34	0.08	0.22	1.22	0.27	0.36	0.47	-	0.55	0.45
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	-13.44%	0.00%	-32.54%	17.23%	3.31%	0.00%	0.00%	0.00%	-	0.00%	0.00%
Augmented Payout Ratio	-13.44%	0.00%	-32.54%	17.23%	3.31%	0.00%	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.

08/16/26 03:11 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' financial year ends in December. Their financial 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. View SoFi Technologies' forecast to see where analysts expect SoFi Technologies to go next.

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 8/6/2026 by MarketBeat.com Staff. New filings and market data are monitored continuously.

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SoFi Technologies (SOFI) Financials

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SoFi Technologies (SOFI) Financials

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SoFi Technologies Financials - Frequently Asked Questions

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