SoFi Technologies, Inc.

Listed Company

SOFICIK 0001818874NasdaqLarge AcceleratedFinance ServicesDelawareFY ends Dec 31

Period

FY 2025

Revenue

—

Net Income

$481.32M

Total Assets

$50.66B

Equity

$10.49B

Shares Out

1.28B

Op. Cash Flow

$-3.74B

Business

SoFi Technologies, Inc. is a digital-first financial services platform that helps members achieve financial independence by integrating borrowing, saving, spending, investing and protection within a unified experience. It offers personal, student and home loans and related servicing, deposit accounts and credit cards, investment and trading services, personal financial management tools, insurance partnerships, and enterprise-facing solutions such as banking and lending technology. The company operates through three reportable segments: Lending, Technology Platform and Financial Services, including its Loan Platform Business and SoFi Bank. It primarily serves the U.S. market and also operates in Latin America, Canada and Hong Kong, distributing products via a mobile application, enterprise partnerships and third-party platform integrations.

Summary from filing dated 2025-02-24

Financials

Consolidated Statement of Income

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Loans and securitizations	3,146	2,602	1,944	760	352
Other	229	206	107	14	3
Total interest income	3,375	2,808	2,051	773	355
Securitizations and warehouses	96	112	244	110	90
Deposits	1,014	930	508	60	0
Corporate borrowings	46	48	37	18	10
Other	653,000	438,000	454,000	917,000	2
Total interest expense	1,156	1,091	789	189	—
Net interest income	2,219	1,716	1,262	584	252
Loan origination, sales, securitizations and servicing	243	278	409	—	—
Technology products and solutions	361	351	324	305	192
Loan platform fees	576	142	34	32	—
Other	215	188	94	44	60
Total noninterest income	1,394	958	861	989	733
Total net revenue	3,613	2,675	2,123	1,574	985
Provision for credit losses	30	32	55	54	8
Technology and product development	648	552	511	405	276
Sales and marketing	1,095	796	719	618	427
Cost of operations	609	462	380	313	257
General and administrative	704	600	511	502	499
Goodwill impairment	0	0	247	0	0
Total noninterest expense	3,057	2,410	2,369	1,838	1,466
Income (loss) before income taxes	526	233	−301	−319	−481
Income tax (expense) benefit	−45	265	416,000	−2	−3
Net income (loss)	481	499	−301	−320	−484
Unrealized gains (losses) on available-for-sale securities, net	20	−7	6	−7	−1
Foreign currency translation adjustments, net	−355,000	2,000	677,000	435,000	46,000
Total other comprehensive income (loss)	19	−7	7	−7	−1
Comprehensive income (loss)	501	492	−294	−327	−485
Earnings (loss) per share - basic (in dollars per share)	0.42	0.46	−0.36	−0.4	−1
Earnings (loss) per share - diluted (in dollars per share)	0.39	0.39	−0.36	−0.4	−1
Weighted average common stock outstanding - basic (in shares)	1,150	1,050	945	901	527
Weighted average common stock outstanding - diluted (in shares)	1,252	1,101	945	901	527

Consolidated Balance Sheet

As of · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Cash and cash equivalents	4,929	2,538	3,085	1,422	495
Restricted cash and restricted cash equivalents	427	171	531	424	274
Investment securities (includes available-for-sale securities of $2,454,453 and $1,804,043 at fair value with associated amortized cost of $2,434,627 and $1,807,686, as of December 31, 2025 and 2024, respectively)	2,576	1,896	702	397	570
Loans held for sale (includes $22.7 billion and $17.7 billion at fair value, as of December 31, 2025 and 2024, respectively)	22,863	17,685	15,397	13,557	5,953
Loans held for investment, at fair value	13,658	8,597	6,725	0	—
Loans held for investment, at amortized cost (less allowance for credit losses of $50,934 and $46,684 as of December 31, 2025 and 2024, respectively)	1,517	1,246	836	—	—
Servicing rights	378	342	180	150	168
Property, equipment and software	416	288	217	170	112
Goodwill	1,394	1,394	1,394	1,623	899
Intangible assets	232	298	364	442	285
Operating lease right-of-use assets	94	81	90	97	115
Other assets (less allowance for credit losses of $2,998 and $2,444 as of December 31, 2025 and 2024, respectively)	2,177	1,715	554	417	171
Total assets	50,660	36,251	30,075	19,008	9,176
Interest-bearing deposits	37,387	25,861	18,569	7,266	0
Noninterest-bearing deposits	118	117	52	77	0
Total deposits	37,505	25,978	18,621	7,342	0
Accounts payable, accruals and other liabilities	744	557	550	516	298
Operating lease liabilities	106	97	109	118	139
Debt	1,815	3,093	5,233	5,486	3,948
Residual interests classified as debt	520,000	609,000	7	17	94
Total liabilities	40,171	29,726	24,520	13,479	4,479
Commitments, guarantees, concentrations and contingencies (Note 18)	—	—	—	—	—
Common stock, $0.00 par value: 3,100,000,000 and 3,100,000,000 shares authorized; 1,270,568,878 and 1,095,357,781 shares issued and outstanding as of December 31, 2025 and 2024, respectively	126,000	109,000	97,000	93,000	83,000
Additional paid-in capital	11,303	7,839	7,040	6,720	5,562
Accumulated other comprehensive income (loss)	11	−8	−1	−8	−1
Accumulated deficit	−824	−1,306	−1,804	−1,504	−1,183
Total permanent equity	10,489	6,525	5,235	5,208	4,377
Total liabilities and permanent equity	50,660	36,251	30,075	19,008	9,176

Consolidated Statement of Cash Flows

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Share-based compensation expense	262	246	271	306	239
Depreciation and amortization	234	203	201	151	102
Deferred debt issuance and discount expense	11	13	20	18	18
Gain on extinguishment of convertible debt	0	−63	−15	0	0
Deferred income taxes	16	−287	−16	−3	1
Fair value changes in loans held for investment	−351	−158	−44	0	0
Fair value changes in securitization investments	−2	−3	−48,000	14	−7
Other	14	10	−9	20	−12
Changes in loans held for sale, net	−5,271	−2,343	−7,709	−7,463	−1,308
Changes in accrued interest on loans	−45	−24	−74	—	—
Changes in loans previously classified as held for sale, net	874	1,351	141	0	0
Changes in servicing assets	−36	−162	−32	18	−19
Changes in other assets	−101	−458	−6	−57	−11
Changes in other liabilities	140	24	42	—	—
Net cash used in operating activities	−3,742	−1,120	−7,227	−7,256	−1,350
Purchases of property, equipment and software	−242	−154	−111	−93	−52
Capitalized software development costs	−9	−9	−10	−11	0
Purchases of available-for-sale investments	−1,668	−2,191	−801	−45	−246
Proceeds from sales of available-for-sale investments	522	186	266	23	53
Proceeds from maturities and paydowns of available-for-sale investments	550	808	154	15	5
Purchases of loans held for investment	−2,083	0	0	—	—
Proceeds from sales of loans held for investment	393	678	0	0	—
Other changes in loans held for investment, net	−4,199	−4,183	−1,362	−174	0
Proceeds from securitization investments	78	80	108	119	247
Proceeds from non-securitization investments	42	4	5	0	110
Purchases of non-securitization investments	−102	−38	−67	0	−22
Acquisition of businesses, net of cash acquired	0	0	−72	59	0
Net cash used in investing activities	−6,719	−4,821	−1,890	−106	110
Net change in deposits	11,249	6,954	11,232	7,153	0
Proceeds from issuance of common stock	3,186	0	0	0	0
Payment of common stock issuance costs	−3	0	0	0	−56,000
Net change in debt facilities	−1,257	−1,983	181	1,418	—
Proceeds from other debt issuances	0	845	340	440	1,192
Repayment of other debt	−29	−353	−800	−516	−913
Payment of debt issuance costs	−3	−8	−12	−8	−9
Purchase of capped calls	0	−91	0	0	−114
Unwind of capped calls	0	10	0	0	—
Taxes paid related to net share settlement of share-based awards	−65	−23	−15	−9	−43
Proceeds from stock option exercises	7	21	1	3	25
Proceeds from issuance of common stock under the ESPP	26	0	0	—	—
Payment of redeemable preferred stock dividends	0	−17	−40	−40	−40
Redemption of Series 1 preferred stock	0	−323	0	0	—
Finance lease principal payments	−766,000	−530,000	−509,000	−488,000	−516,000
Net cash provided by financing activities	13,109	5,035	10,886	8,439	685
Effect of exchange rates on cash and cash equivalents	−355,000	2,000	677,000	571,000	46,000
Net increase (decrease) in cash, cash equivalents, restricted cash and restricted cash equivalents	2,647	−906	1,769	1,078	−555
Interest paid	1,146	1,118	720	151	95
Income taxes paid, net	29	27	14	3	2
Deposits credited but not yet received in cash	749	403	67	31	—
Deconsolidation of securitization and residual debt	0	0	93	100	0
Extinguishment of convertible notes by issuance of common stock	0	677	87	0	0
Derecognition of securitization investments	0	0	5	41	0

Filings

Filing historySign up free to browse every 10-K, 10-Q, 8-K, and proxy this filer has submitted to the SEC.Sign up free · Upgrade to Pro

Material Events

Material EventsTrack every 8-K filing and material event — AI-summarized, timelined, and alertable.Sign up free · Upgrade to Pro

Insiders

Insider ActivitySee executive buy/sell windows and insider trade activity over rolling 30/90/365-day windows.Sign up free · Upgrade to Pro

Institutional Holders

Institutional HoldersSee which funds hold this stock and track position changes quarter over quarter.Sign up free · Upgrade to Pro