SoFi Technologies Inc

Common Name

SoFi Technologies

Country

United States

Sector

Financial Services

Industry

Credit Services

Employees

5,000

Ticker

SOFI

Exchange

NASDAQ/NGS

Website

www.sofi.com

Description

SoFi Technologies Inc. operates as a financial technology company primarily focused on offering a suite of financial products and services designed to meet the needs of both individual and institution... Show more

Financial Statements of SoFi Technologies

Below are the financial statements of SoFi Technologies, including the income statement and balance sheet for the company's latest fiscal year. All figures are accurate, verifiable, and fully traceable to the original annual filing where disclosed.

Income Statement (as reported) Balance Sheet (as reported)

All figures in millions of USD	2024	2023	2022
Interest income	—	—	—
Loans and securitizations	2,601.99^a	1,944.13^a	759.5^a
Other	205.83^a	106.94^a	13.87^a
Total interest income	2,807.82^a	2,051.07^a	773.37^a
Interest expense	—	—	—
Securitizations and warehouses	-112.4^a	-244.22^a	-110.13^a
Deposits	-930.15^a	-507.82^a	-59.79^a
Corporate borrowings	-48.35^a	-36.83^a	-18.44^a
Other	-0.44^a	-0.45^a	-0.92^a
Total interest expense	-1,091.34^a	-789.33^a	-189.28^a
Net interest income	1,716.48^a	1,261.74^a	584.1^a
Noninterest income	—	—	—
Loan origination, sales, and securitizations	255.87^a	371.81^a	565.37^a
Servicing	22.24^a	37.33^a	43.55^a
Technology products and solutions	350.81^a	323.97^a	304.9^a
Loan platform fees	141.61^a	33.6^a	31.54^a
Other	187.85^a	94.34^a	44.08^a
Total noninterest income	958.38^a	861.05^a	989.44^a
Total net revenue	2,674.86^a	2,122.79^a	1,573.54^a
Provision for credit losses	-31.71^a	-54.95^a	-54.33^a
Noninterest expense	—	—	—
Technology and product development	-551.79^a	-511.42^a	-405.26^a
Sales and marketing	-796.29^a	-719.4^a	-617.82^a
Cost of operations	-461.63^a	-380^a	-313.23^a
General and administrative	-600.09^a	-511.01^a	-501.62^a
Goodwill impairment	0^a	-247.17^a	0^a
Total noninterest expense	-2,409.8^a	-2,369^a	-1,837.92^a
Income (loss) before income taxes	233.35^a	-301.16^a	-318.72^a
Income tax benefit (expense)	-265.32^a	-0.42^a	-1.69^a
Net income (loss)	498.67^a	-300.74^a	-320.41^a

Verified Sources Behind SoFi Technologies’s Financial Fundamentals Data

Every figure on this dashboard has a transparent audit trail. With Tracenable, each data point is traceable back to its original source, viewable directly inside our platform. Explore SoFi Technologies’s data sources below and access millions more through our Disclosure Search.

a. SoFi Technologies's 10-K 2024

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SoFi Technologies Inc

Financial Statements of SoFi Technologies

Verified Sources Behind SoFi Technologies’s Financial Fundamentals Data

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