SOFI · Sofi Technologies, Inc. - Financials
Annual line items from SEC XBRL filings, sourced from EDGAR's Company Facts API with fallback to the quarterly Financial Statement Data Sets. See issuer overview for Form 4 activity and 10-K signals.
Income Statement
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Revenue | $3.61B | $2.67B | $2.12B | $1.57B | $565.53M | - |
| Cost of Revenue | $609.00M | $461.63M | $380.00M | $313.23M | $178.90M | - |
| Gross Profit | $3.00B | $2.21B | $1.74B | $1.26B | $386.64M | - |
| R&D | $648.33M | $551.79M | $511.42M | $405.26M | $201.20M | - |
| SG&A | $704.44M | $600.09M | $511.01M | $501.62M | $237.38M | - |
| Total Operating Expenses | - | - | - | - | - | - |
| D&A | $234.15M | $203.50M | $201.42M | $151.36M | $69.83M | - |
| Operating Income | $525.86M | $233.34M | ($301.16M) | ($318.72M) | ($328.52M) | - |
| Interest Expense | - | - | $789.33M | $189.28M | $185.61M | - |
| Income Tax | $44.54M | ($265.32M) | ($416.0K) | $1.69M | ($104.47M) | - |
| Net Income | $481.32M | $498.67M | ($300.74M) | ($320.41M) | ($224.05M) | - |
| EPS - Basic | $0.42 | $0.46 | ($0.36) | ($0.40) | ($4.30) | - |
| EPS - Diluted | $0.39 | $0.39 | ($0.36) | ($0.40) | ($4.30) | - |
Balance Sheet
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Cash & Equivalents | $4.93B | $2.54B | $3.09B | $1.42B | $494.71M | $259.7K |
| Accounts Receivable | - | - | - | - | - | - |
| Inventory | - | - | - | - | - | - |
| Accounts Payable | - | - | - | - | - | - |
| Current Assets | - | - | - | - | - | $1.06M |
| Total Assets | $50.66B | $36.25B | $30.07B | $19.01B | $9.18B | $806.08M |
| Current Liabilities | - | - | - | - | - | $183.4K |
| Long-term Debt | - | - | - | $5.49B | $3.95B | - |
| Total Liabilities | $40.17B | $29.73B | $24.52B | $13.48B | $4.48B | $28.36M |
| Stockholders' Equity | $10.49B | $6.53B | $5.23B | $5.21B | ($68.42M) | $5.00M |
| Retained Earnings | ($824.28M) | ($1.31B) | ($1.80B) | ($1.50B) | ($1.18B) | ($646.4K) |
Cash Flow
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Operating Cash Flow | ($3.74B) | ($1.12B) | ($7.23B) | ($7.26B) | ($479.34M) | - |
| Investing Cash Flow | ($6.72B) | ($4.82B) | ($1.89B) | ($106.33M) | $258.95M | - |
| Financing Cash Flow | $13.11B | $5.03B | $10.89B | $8.44B | $853.75M | - |
| CapEx | $242.44M | $154.26M | $111.41M | $93.20M | $24.55M | - |
| Free Cash Flow | ($3.98B) | ($1.27B) | ($7.34B) | ($7.35B) | ($503.88M) | - |
Ratios
| Metric | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Profitability | ||||||
| Gross margin | 83.1% | 82.7% | 82.1% | 80.1% | 68.4% | - |
| Operating margin | 14.6% | 8.7% | -14.2% | -20.3% | -58.1% | - |
| EBITDA margin | 21.0% | 16.3% | -4.7% | -10.6% | -45.7% | - |
| Net margin | 13.3% | 18.6% | -14.2% | -20.4% | -39.6% | - |
| Free cash flow margin | -110.3% | -47.6% | -345.7% | -467.0% | -89.1% | - |
| FCF / Net income | -8.28 | -2.55 | 24.40 | 22.94 | 2.25 | - |
| R&D / Revenue | 17.9% | 20.6% | 24.1% | 25.8% | 35.6% | - |
| SG&A / Revenue | 19.5% | 22.4% | 24.1% | 31.9% | 42.0% | - |
| Effective tax rate | 8.5% | -113.7% | - | - | - | - |
| Return on assets | 1.0% | 1.4% | -1.0% | -1.7% | -2.4% | - |
| Return on equity | 4.6% | 7.6% | -5.7% | -6.2% | 327.5% | - |
| Return on invested capital | - | - | - | -2.4% | -6.7% | - |
| Liquidity | ||||||
| Current ratio | - | - | - | - | - | 5.78 |
| Quick ratio | - | - | - | - | - | 5.78 |
| Cash ratio | - | - | - | - | - | 1.42 |
| Leverage | ||||||
| Debt / Equity | - | - | - | 1.05 | -57.70 | - |
| Debt / Assets | - | - | - | 0.29 | 0.43 | - |
| Debt / EBITDA | - | - | - | - | - | - |
| Interest coverage | - | - | -0.4x | -1.7x | -1.8x | - |
| Equity multiplier | 4.83 | 5.56 | 5.75 | 3.65 | -134.11 | 161.22 |
| Liabilities / Assets | 0.79 | 0.82 | 0.82 | 0.71 | 0.49 | 0.04 |
| Efficiency | ||||||
| Asset turnover | 0.07 | 0.07 | 0.07 | 0.08 | 0.06 | - |
| Inventory turnover | - | - | - | - | - | - |
| Days sales outstanding | - | - | - | - | - | - |
| Days inventory outstanding | - | - | - | - | - | - |
| Days payable outstanding | - | - | - | - | - | - |
| Cash conversion cycle | - | - | - | - | - | - |
| Valuation | ||||||
| P / E | 67.1x | 39.5x | - | - | - | - |
| P / B | 3.1x | 2.6x | 1.8x | 0.8x | - | - |
| P / S | 9.1x | 6.3x | 4.4x | 2.6x | 2.1x | - |
| EV / EBITDA | 36.6x | 33.0x | - | - | - | - |
| Growth | ||||||
| Revenue growth (YoY) | 35.1% | 26.0% | 34.9% | 178.2% | - | - |
| Revenue CAGR (3y) | 31.9% | 67.9% | - | - | - | - |
| Revenue CAGR (5y) | - | - | - | - | - | - |
| Gross profit growth (YoY) | 35.7% | 27.0% | 38.3% | 226.0% | - | - |
| Operating income growth (YoY) | 125.4% | - | 5.5% | 3.0% | - | - |
| Net income growth (YoY) | -3.5% | - | 6.1% | -43.0% | - | - |
| EPS growth (YoY) | 0.0% | - | 10.0% | 90.7% | - | - |
| EPS CAGR (3y) | - | - | - | - | - | - |
| EPS CAGR (5y) | - | - | - | - | - | - |
| FCF growth (YoY) | -212.8% | 82.6% | 0.1% | -1358.5% | - | - |
| FCF CAGR (5y) | - | - | - | - | - | - |
| Book value growth (YoY) | 60.8% | 24.7% | 0.5% | - | - | - |
Sales by segment
From XBRL dimensional facts in the 10-K period ending 2025-12-31.
Business segments
$3.84B totalLending Segment$1.85B · 48.1%
Financial Services Segment$1.54B · 40.1%
Technology Platform Segment$450.21M · 11.7%
Product / service
$619.35M totalTechnology Services$355.72M · 57.4%
Interchange$114.31M · 18.5%
Referrals Loan Platform$79.98M · 12.9%
Brokerage$39.67M · 6.4%
Referrals Other$12.45M · 2.0%
Financial Service Other$12.14M · 2.0%
Technology Platform Other$5.07M · 0.8%
Geographic
$3.61B totalUS$3.36B · 93.1%
Non Us$248.69M · 6.9%
Stability scores
Piotroski F-score
FY 2025 · 9-point quality
2/9
Weak
- ✓Net income positive
- ✗Operating cash flow positive
- ✗ROA improved YoY
- ✗Cash flow > net income
- -Long-term debt decreased
- -Current ratio improved
- ✗No share dilution
- ✓Gross margin improved
- ✗Asset turnover improved
Peer comparison
Same SIC group: Finance Services
Comparing SoFi Technologies against the 5 most active filers in the same SIC group.