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 | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $1.10B | - | $961.60M | $854.94M | $771.76M | - | $697.12M | $598.62M | $645.00M | - |
| Cost of Revenue | $171.12M | - | $161.42M | $150.44M | $135.52M | - | $123.71M | $109.70M | $100.06M | - |
| Gross Profit | $929.25M | - | $800.18M | $704.51M | $636.24M | - | $573.41M | $488.92M | $544.93M | - |
| R&D | $187.68M | - | $167.14M | $152.15M | $156.21M | - | $139.71M | $132.17M | $130.92M | - |
| SG&A | $197.58M | - | $188.41M | $165.39M | $156.40M | - | $148.92M | $145.01M | $145.24M | - |
| Total Operating Expenses | - | - | - | - | - | - | - | - | - | - |
| D&A | $67.58M | - | - | - | $55.28M | - | - | - | $48.54M | - |
| Operating Income | $199.55M | - | $148.55M | $112.19M | $79.78M | - | $63.85M | $15.34M | $94.23M | - |
| Interest Expense | - | - | - | - | - | - | - | - | $263.19M | - |
| Income Tax | $32.82M | - | $9.16M | $14.93M | $8.67M | - | $3.11M | ($2.06M) | $6.18M | - |
| Net Income | $166.73M | - | $139.39M | $97.26M | $71.12M | - | $60.74M | $17.40M | $88.04M | - |
| EPS - Basic | $0.13 | - | $0.12 | $0.09 | $0.06 | - | $0.06 | $0.01 | $0.08 | - |
| EPS - Diluted | $0.12 | - | $0.11 | $0.08 | $0.06 | - | $0.05 | $0.01 | $0.02 | - |
Balance Sheet
| Line item | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | $3.40B | $4.93B | $3.25B | $2.12B | $2.09B | $2.54B | $2.35B | $2.33B | $3.69B | $3.09B |
| Accounts Receivable | - | - | - | - | - | - | - | - | - | - |
| Inventory | - | - | - | - | - | - | - | - | - | - |
| Accounts Payable | - | - | - | - | - | - | - | - | - | - |
| Current Assets | - | - | - | - | - | - | - | - | - | - |
| Total Assets | $53.70B | $50.66B | $45.29B | $41.11B | $37.75B | $36.25B | $34.38B | $32.64B | $31.31B | $30.07B |
| Current Liabilities | - | - | - | - | - | - | - | - | - | - |
| Long-term Debt | - | - | - | - | - | - | - | - | - | - |
| Total Liabilities | $42.89B | $40.17B | $36.51B | $34.25B | $31.07B | $29.73B | $28.26B | $26.74B | $25.16B | $24.52B |
| Stockholders' Equity | $10.81B | $10.49B | $8.78B | $6.86B | $6.68B | $6.53B | $6.12B | $5.90B | $5.83B | $5.23B |
| Retained Earnings | ($657.55M) | ($824.28M) | ($997.83M) | ($1.14B) | ($1.23B) | ($1.31B) | ($1.64B) | ($1.70B) | ($1.72B) | ($1.80B) |
Cash Flow
| Line item | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | ($2.31B) | - | - | - | $21.50M | - | - | - | $738.25M | - |
| Investing Cash Flow | ($2.39B) | - | - | - | ($1.44B) | - | - | - | ($1.26B) | - |
| Financing Cash Flow | $3.11B | - | - | - | $1.43B | - | - | - | $1.06B | - |
| CapEx | $67.55M | - | - | - | $52.60M | - | - | - | $31.98M | - |
| Free Cash Flow | ($2.38B) | - | - | - | ($31.10M) | - | - | - | $706.26M | - |
Ratios
| Metric | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Profitability | ||||||||||
| Gross margin | 84.4% | - | 83.2% | 82.4% | 82.4% | - | 82.3% | 81.7% | 84.5% | - |
| Operating margin | 18.1% | - | 15.4% | 13.1% | 10.3% | - | 9.2% | 2.6% | 14.6% | - |
| EBITDA margin | 24.3% | - | - | - | 17.5% | - | - | - | 22.1% | - |
| Net margin | 15.2% | - | 14.5% | 11.4% | 9.2% | - | 8.7% | 2.9% | 13.7% | - |
| Free cash flow margin | -216.5% | - | - | - | -4.0% | - | - | - | 109.5% | - |
| FCF / Net income | -14.29 | - | - | - | -0.44 | - | - | - | 8.02 | - |
| R&D / Revenue | 17.1% | - | 17.4% | 17.8% | 20.2% | - | 20.0% | 22.1% | 20.3% | - |
| SG&A / Revenue | 18.0% | - | 19.6% | 19.3% | 20.3% | - | 21.4% | 24.2% | 22.5% | - |
| Effective tax rate | 16.4% | - | 6.2% | 13.3% | 10.9% | - | 4.9% | -13.5% | 6.6% | - |
| Return on assets | 0.3% | - | 0.3% | 0.2% | 0.2% | - | 0.2% | 0.1% | 0.3% | - |
| Return on equity | 1.5% | - | 1.6% | 1.4% | 1.1% | - | 1.0% | 0.3% | 1.5% | - |
| Return on invested capital | - | - | - | - | - | - | - | - | - | - |
| Liquidity | ||||||||||
| Current ratio | - | - | - | - | - | - | - | - | - | - |
| Quick ratio | - | - | - | - | - | - | - | - | - | - |
| Cash ratio | - | - | - | - | - | - | - | - | - | - |
| Leverage | ||||||||||
| Debt / Equity | - | - | - | - | - | - | - | - | - | - |
| Debt / Assets | - | - | - | - | - | - | - | - | - | - |
| Debt / EBITDA | - | - | - | - | - | - | - | - | - | - |
| Interest coverage | - | - | - | - | - | - | - | - | 0.4x | - |
| Equity multiplier | 4.97 | 4.83 | 5.16 | 5.99 | 5.65 | 5.56 | 5.62 | 5.53 | 5.37 | 5.75 |
| Liabilities / Assets | 0.80 | 0.79 | 0.81 | 0.83 | 0.82 | 0.82 | 0.82 | 0.82 | 0.80 | 0.82 |
| Efficiency | ||||||||||
| Asset turnover | 0.02 | - | 0.02 | 0.02 | 0.02 | - | 0.02 | 0.02 | 0.02 | - |
| Inventory turnover | - | - | - | - | - | - | - | - | - | - |
| Days sales outstanding | - | - | - | - | - | - | - | - | - | - |
| Days inventory outstanding | - | - | - | - | - | - | - | - | - | - |
| Days payable outstanding | - | - | - | - | - | - | - | - | - | - |
| Cash conversion cycle | - | - | - | - | - | - | - | - | - | - |
| Valuation | ||||||||||
| P / E | 132.3x | - | 240.2x | 227.6x | 193.8x | - | 157.2x | 661.0x | 365.0x | - |
| P / B | 2.0x | - | 3.9x | 3.1x | 2.1x | - | 1.4x | 1.2x | 1.3x | - |
| P / S | 19.9x | - | 35.5x | 25.2x | 17.9x | - | 12.5x | 11.8x | 11.8x | - |
| EV / EBITDA | 69.2x | - | - | - | 86.6x | - | - | - | 27.4x | - |
| Growth | ||||||||||
| Revenue growth (YoY) | 42.6% | - | 37.9% | 42.8% | 19.7% | - | 29.8% | 20.2% | 36.6% | - |
| Revenue CAGR (3y) | 32.6% | - | 31.4% | 33.1% | 57.9% | - | 51.4% | 37.3% | - | - |
| Revenue CAGR (5y) | - | - | - | - | - | - | - | - | - | - |
| Gross profit growth (YoY) | 46.1% | - | 39.5% | 44.1% | 16.8% | - | 26.3% | 21.0% | 40.4% | - |
| Operating income growth (YoY) | 150.1% | - | 132.6% | 631.4% | -15.3% | - | - | - | - | - |
| Net income growth (YoY) | 134.4% | - | 129.5% | 458.9% | -19.2% | - | - | - | - | - |
| EPS growth (YoY) | 100.0% | - | 120.0% | 700.0% | 200.0% | - | - | - | - | - |
| EPS CAGR (3y) | - | - | - | - | - | - | - | - | - | - |
| EPS CAGR (5y) | - | - | - | - | - | - | - | - | - | - |
| FCF growth (YoY) | -7560.4% | - | - | - | - | - | - | - | - | - |
| FCF CAGR (5y) | - | - | - | - | - | - | - | - | - | - |
| Book value growth (YoY) | 61.9% | 60.8% | 43.4% | 16.3% | 14.6% | 24.7% | 21.1% | 12.2% | 11.3% | 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%
Peer comparison
Same SIC group: Finance Services
Comparing SoFi Technologies against the 5 most active filers in the same SIC group.