Logo

SOFI

SoFi Technologies, Inc.

SOFI

SoFi Technologies, Inc. • NASDAQ
$29.67 ▲ 4.14% (+1.18)
Market Cap $35.78 B
52w High $32.73
52w Low $8.60
Dividend Yield 0%
P/E 52.98
Volume 26.90M
Outstanding Shares 1.21B

Income Statement

Period Revenue Operating Expense Net Income Net Profit Margin Earnings Per Share EBITDA
Q3-2025 $1.268B ▲ $803.85M ▲ $139.392M ▲ 10.993% ▲ $0.12 ▲ $514.243M ▲
Q2-2025 $1.13B ▲ $732.717M ▲ $97.263M ▲ 8.611% ▲ $0.088 ▲ $168.935M ▲
Q1-2025 $1.037B ▲ $686.299M ▲ $71.116M ▼ 6.859% ▼ $0.065 ▼ $135.065M ▲
Q4-2024 $1.008B ▲ $667.324M ▲ $332.473M ▲ 32.987% ▲ $0.32 ▲ $113.469M ▼
Q3-2024 $986.162M $623.93M $60.745M 6.16% $0.053 $115.646M

Balance Statement

Period Cash & Short-term Total Assets Total Liabilities Total Equity
Q3-2025 $5.64B ▲ $45.293B ▲ $36.513B ▲ $8.78B ▲
Q2-2025 $4.389B ▲ $41.112B ▲ $34.252B ▲ $6.861B ▲
Q1-2025 $4.239B ▼ $37.749B ▲ $31.071B ▲ $6.679B ▲
Q4-2024 $4.342B ▲ $36.251B ▲ $29.726B ▲ $6.525B ▲
Q3-2024 $3.833B $34.38B $28.259B $6.121B

Cash Flow Statement

Period Net Income Cash From Operations Cash From Investing Cash From Financing Net Change Free Cash Flow
Q3-2025 $139.392M ▲ $72.937M ▲ $-2.838B ▼ $3.797B ▲ $1.032B ▲ $9.779M ▲
Q2-2025 $97.263M ▲ $-1.467B ▼ $-1.722B ▼ $3.188B ▲ $-1.533M ▼ $-1.533B ▼
Q1-2025 $71.116M ▼ $21.502M ▲ $-1.44B ▼ $1.426B ▲ $6.776M ▲ $-32.746M ▲
Q4-2024 $332.473M ▲ $-200.103M ▲ $-1.281B ▼ $1.221B ▼ $-260.399M ▼ $-244.334M ▲
Q3-2024 $60.745M $-1.174B $-84.005M $1.495B $238.127M $-1.219B

Revenue by Products

Product Q3-2024Q4-2024Q1-2025Q3-2025
Financial Services Segment
Financial Services Segment
 $240.00M ▲$670.00M ▲$50.00M ▼$420.00M ▲
Lending Segment
Lending Segment
 $400.00M ▲$1.15Bn ▲$410.00M ▼$490.00M ▲
Technology Platform Segment
Technology Platform Segment
 $100.00M ▲$300.00M ▲$100.00M ▼$110.00M ▲

Five-Year Company Overview

Income Statement

Income Statement SoFi’s income statement shows a company that has quickly scaled from a niche lender into a diversified financial platform. Revenue has grown strongly year after year, and the business has moved from sizable losses to generating a modest profit more recently. That shift suggests improving efficiency, better cost control, and benefits from scale. Profitability, however, is still relatively new, and earnings could be sensitive to credit cycles, interest rates, and how well management balances rapid growth with risk controls and operating expenses.

Balance Sheet

Balance Sheet The balance sheet has expanded rapidly as SoFi has grown into a more bank-like institution, with a much larger base of loans and financial assets than a few years ago. Shareholders’ equity has steadily increased, which reflects accumulated capital and past fundraising. Debt remains meaningful but has come down from earlier peaks, which is a positive sign for balance sheet resilience. Overall, SoFi now runs with a sizable asset base, leverage typical of a lender, and a capital position that looks stronger than in its early SPAC days, but still needs careful risk management given its growth ambitions and exposure to consumer credit.

Cash Flow

Cash Flow Despite accounting profits recently turning positive, cash flow from operations has been persistently negative, and free cash flow has also been solidly in the red. This pattern indicates a business still in heavy investment mode—building its loan book, technology stack, and customer base—rather than one that is yet a steady cash generator. Capital spending on physical assets and technology is relatively modest, so the main cash usage comes from growth and working-capital-like needs tied to lending. The key question going forward is when loan growth, funding costs, and operating efficiency converge to produce consistently positive cash generation without relying heavily on external capital or ongoing balance sheet expansion.

Competitive Edge

Competitive Edge SoFi’s competitive position rests on being a digital “one-stop shop” for consumer finance, combined with ownership of key infrastructure platforms. Its national bank charter gives it cheaper and more stable funding than many fintech peers, while its integrated app encourages members to use multiple products, increasing loyalty and switching costs. On top of that, Galileo and Technisys make SoFi not just a consumer brand but also a technology provider to other financial firms, which deepens its ecosystem and knowledge of the market. At the same time, it competes with very large, well-capitalized banks and aggressive fintechs, all under tight regulatory oversight. Its moat depends on execution: maintaining superior user experience, risk management, and technology while navigating economic cycles and regulatory change.

Innovation and R&D

Innovation and R&D Innovation is a clear focal point for SoFi. It uses AI and alternative data to underwrite loans, aims to deliver personalized guidance through tools like “Cash Coach” and the planned “SoFi Coach,” and controls a modern, cloud-based banking stack through Galileo and Technisys. These capabilities enable rapid product launches, lower operating costs over time, and a differentiated experience versus traditional banks. Future initiatives—such as deeper Banking‑as‑a‑Service offerings, expanded digital asset services, and potential international expansion—could further widen its technology edge. However, these efforts carry meaningful execution, regulatory, and reputational risks, especially around AI, crypto, and stablecoins, where rules and customer expectations are still evolving.

Summary

Overall, SoFi looks like a fast-growing, still-maturing financial technology platform that is transitioning from “growth at all costs” toward a more balanced model that includes profitability. The income statement shows strong top-line expansion and a recent turn into the black, while the balance sheet reflects a much larger, more bank-like institution with rising equity and still-significant leverage. Cash generation lags the accounting results, underscoring that this remains an investment-heavy story rather than a fully mature cash cow. Competitively, SoFi benefits from its bank charter, multi-product ecosystem, and ownership of core banking technology, but it operates in a highly competitive and regulated arena. Its heavy emphasis on innovation and AI-backed services presents both a key opportunity and a key risk, making future results highly dependent on disciplined execution, credit risk management, and regulatory navigation.

NEWS

November 26, 2025 · 4:00 PM UTC

SoFi to Participate in UBS Global Technology & AI Conference

Read more

November 11, 2025 · 8:00 AM UTC

SoFi Bank Becomes the First and Only Nationally Chartered Bank to Launch Crypto Trading for Consumers

Read more

November 5, 2025 · 1:09 PM UTC

Financial Specialist Vivian Tu, Your Rich BFF, Named SoFi's First Chief of Financial Empowerment

Read more

November 3, 2025 · 10:10 AM UTC

Proofpoint Named Official Cybersecurity Partner of TGL Presented by SoFi

Read more

October 28, 2025 · 8:00 AM UTC

SWIPE, EARN, AND FLY WITH SOUTHWEST AIRLINES' NEW RAPID REWARDS DEBIT CARD

Read more