SoFi Technologies, Inc. Goodwill & Intangibles Disclosure
| Year Ended December 31, | |||||||||||
| 2025 | 2024 | ||||||||||
Beginning balance | $ | 1,393,505 | $ | 1,393,505 | |||||||
Changes during the period | — | — | |||||||||
Ending balance(1) | $ | 1,393,505 | $ | 1,393,505 | |||||||
Weighted Average Useful Life (Years) | Gross Balance | Accumulated Amortization | Net Book Value | ||||||||||||||||||||
| December 31, 2025 | |||||||||||||||||||||||
Developed technology | 8.5 | $ | 461,438 | $ | (262,695) | $ | 198,743 | ||||||||||||||||
Capitalized software development costs(1) | 4.0 | 38,288 | (18,016) | 20,272 | |||||||||||||||||||
Customer-related | 3.9 | 167,350 | (158,357) | 8,993 | |||||||||||||||||||
Trade names, trademarks and domain names | 5.9 | 20,060 | (16,610) | 3,450 | |||||||||||||||||||
Core deposits | 7.3 | 1,000 | (539) | 461 | |||||||||||||||||||
Broker-dealer license and trading rights(2) | n/a | 250 | (250) | — | |||||||||||||||||||
Core banking infrastructure(2) | n/a | 17,100 | (17,100) | — | |||||||||||||||||||
Total | $ | 705,486 | $ | (473,567) | $ | 231,919 | |||||||||||||||||
| December 31, 2024 | |||||||||||||||||||||||
Developed technology | 8.5 | $ | 461,438 | $ | (207,516) | $ | 253,922 | ||||||||||||||||
Capitalized software development costs(1) | 4.0 | 29,584 | (10,312) | 19,272 | |||||||||||||||||||
Customer-related | 3.9 | 167,350 | (149,949) | 17,401 | |||||||||||||||||||
Trade names, trademarks and domain names | 5.9 | 20,060 | (13,503) | 6,557 | |||||||||||||||||||
Core deposits | 7.3 | 1,000 | (402) | 598 | |||||||||||||||||||
Broker-dealer license and trading rights | 5.7 | 250 | (206) | 44 | |||||||||||||||||||
Core banking infrastructure(2) | n/a | 17,100 | (17,100) | — | |||||||||||||||||||
| Total | $ | 696,782 | $ | (398,988) | $ | 297,794 | |||||||||||||||||
| 2026 | $ | 72,017 | |||
| 2027 | 58,512 | ||||
| 2028 | 55,723 | ||||
| 2029 | 23,047 | ||||
| 2030 | 20,880 | ||||
| Thereafter | 1,740 | ||||
| Total | $ | 231,919 | |||
Historical Timeline
| Fiscal Year | Filed | |
|---|---|---|
| 2025 | Feb 17, 2026 | Showing above |
| 2024 | Feb 24, 2025 | |
| 2023 | Feb 27, 2024 | |
| 2022 | Mar 1, 2023 | |
| 2021 | Mar 1, 2022 | |
About Goodwill & Intangibles Disclosures
Goodwill and intangible asset disclosures reveal the premium paid in acquisitions and how management assesses whether that premium retains its value. Since goodwill is no longer amortized under US GAAP, the annual impairment test is the only mechanism that adjusts carrying values downward — making the assumptions behind that test critically important for investors.
Key signals: a history of goodwill impairments suggests management consistently overpays for acquisitions. Watch the gap between reporting unit fair value and carrying amount — when fair value exceeds carrying amount by less than 10-20%, a small decline in business performance could trigger a write-down. For finite-lived intangibles, examine useful life assumptions across customer relationships, technology, and trade names; aggressive estimates inflate near-term earnings. Compare total intangibles-to-total-assets ratios against peers to assess acquisition dependency. Rising goodwill as a percentage of equity can signal balance sheet fragility.