← SoFi Technologies, Inc.
| Annual Trend | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | TTM | |
|---|---|---|---|---|---|---|---|---|---|
| Net income (loss) | ($239.7m) |
($646k)
+99.73%
|
($483.9m)
-74767.30%
|
($320.4m)
+33.79%
|
($300.7m)
+6.14%
|
$498.7m
+265.81%
|
$481.3m
-3.48%
|
— | |
| Depreciation and amortization | $16.0m | $69.8m | $101.6m | $151.4m | $201.4m | $203.5m | $234.2m | $262.8m | |
| Depreciation Amortization Depletion | — | — | — | $151.4m | $201.4m | $203.5m | $234.2m | $262.8m | |
| Deferred income taxes | $52k | ($104.5m) | $1.2m | ($3.5m) | ($15.8m) | ($286.9m) | $16.2m | $59.6m | |
| Deferred Tax | — | — | — | ($3.5m) | ($15.8m) | ($286.9m) | $16.2m | $59.6m | |
| Share-based compensation expense | $60.9m | $99.9m | $239.0m | $306.0m | $271.2m | $246.2m | $262.1m | $283.9m | |
| Taxes paid related to net share settlement of share-based awards | ($21.4m) | ($31.3m) | ($42.6m) | ($9.0m) | ($15.3m) | ($22.6m) | ($65.0m) | — | |
| Goodwill impairment | — | — | $0 | $0 | $247.2m | $0 | $0 | $0 | |
| Asset Impairment Charge | — | — | — | $0 | $247.2m | $0 | $0 | $0 | |
| Earnings (Loss)es From Equity Investments | — | — | $261k | $0 | $0 | — | — | $0 | |
| Change In Working Capital | — | — | — | ($7.5b) | ($7.6b) | ($1.6b) | ($4.4b) | ($9.7b) | |
| Change In Receivables | — | — | — | $0 | ($74.3m) | ($24.5m) | ($45.3m) | ($87.8m) | |
| Changes In Account Receivables | — | — | — | $0 | ($74.3m) | ($24.5m) | ($45.3m) | ($87.8m) | |
| Changes in accrued interest on loans | — | — | — | — | ($74.3m) | ($24.5m) | ($45.3m) | — | |
| Other | $2.2m | $803k | ($5.1m) | $13.4m | ($14.0m) | $10.0m | $13.8m | — | |
| Changes in other assets | ($18.2m) | ($29.9m) | ($10.7m) | ($56.9m) | ($5.5m) | ($458.4m) | ($100.7m) | — | |
| Changes in other liabilities | — | — | — | — | $42.1m | $23.6m | $140.5m | — | |
| Change In Other Current Assets | — | — | — | ($38.5m) | ($37.1m) | ($620.1m) | ($136.7m) | ($672.1m) | |
| Change In Other Current Liabilities | — | — | — | — | $42.1m | $23.6m | $140.5m | $114.3m | |
| Net cash used in operating activities | ($54.7m) |
($1.3m)
+97.65%
|
($1.4b)
-104875.26%
|
($7.3b)
-437.38%
|
($7.2b)
+0.40%
|
($1.1b)
+84.51%
|
($3.7b)
-234.21%
|
($8.5b)
-127.19%
|
|
| Purchases of property, equipment and software | ($37.6m) | ($24.5m) | ($52.3m) | ($93.2m) | ($111.4m) | ($154.3m) | ($242.4m) | — | |
| Capital Expenditure Reported | — | — | — | ($10.5m) | ($9.8m) | ($9.4m) | ($8.7m) | ($297.3m) | |
| Fair value changes in securitization investments | ($11.4m) | ($13.9m) | ($6.5m) | $13.6m | ($48k) | ($2.8m) | ($2.0m) | — | |
| Purchases of available-for-sale investments | $0 | $0 | ($246.4m) | ($45.0m) | ($800.5m) | ($2.2b) | ($1.7b) | — | |
| Proceeds from sales of available-for-sale investments | $0 | $0 | $52.7m | $23.5m | $265.6m | $185.5m | $522.0m | — | |
| Proceeds from maturities and paydowns of available-for-sale investments | $0 | $0 | $4.8m | $15.2m | $153.8m | $807.8m | $549.6m | — | |
| Proceeds from securitization investments | $165.1m | $322.7m | $247.1m | $118.8m | $108.3m | $79.8m | $78.1m | — | |
| Proceeds from non-securitization investments | $0 | $974k | $109.5m | $0 | $5.4m | $3.6m | $41.9m | — | |
| Purchases of non-securitization investments | ($3.6m) | ($145k) | ($22.0m) | $0 | ($66.6m) | ($37.8m) | ($101.7m) | — | |
| Derecognition of securitization investments | — | $0 | $0 | $40.9m | $5.3m | $0 | $0 | — | |
| Net cash used in investing activities | $114.9m | ($805.0m) | $110.2m | ($106.3m) | ($1.9b) | ($4.8b) | ($6.7b) | ($8.8b) | |
| Deferred debt issuance and discount expense | $33.2m | $28.3m | $18.3m | $18.3m | $20.1m | $13.5m | $11.3m | — | |
| Gain on extinguishment of convertible debt | — | — | $0 | $0 | ($14.6m) | ($62.5m) | $0 | — | |
| Net change in debt facilities | — | $1.1b | ($1.2b) | $1.4b | $180.6m | ($2.0b) | ($1.3b) | — | |
| Proceeds from other debt issuances | — | $547.1m | $1.2b | $440.0m | $340.0m | $845.2m | $0 | — | |
| Repayment of other debt | — | ($1.1b) | ($912.9m) | ($516.4m) | ($799.9m) | ($352.8m) | ($29.1m) | — | |
| Payment of debt issuance costs | ($20.6m) | ($16.4m) | ($9.5m) | ($8.3m) | ($11.9m) | ($7.6m) | ($3.0m) | — | |
| Deconsolidation of securitization and residual debt | $1.4b | $770.9m | $0 | $99.7m | $92.9m | $0 | $0 | — | |
| Issuance Of Debt | — | — | — | $1.9b | $520.5m | $845.2m | $0 | $620.3m | |
| Long Term Debt Issuance | — | — | — | $1.9b | $520.5m | $845.2m | $0 | $620.3m | |
| Long Term Debt Payments | — | — | — | ($516.9m) | ($800.4m) | ($2.3b) | ($1.3b) | ($1.3b) | |
| Net Issuance Payments Of Debt | — | — | — | $1.3b | ($279.8m) | ($1.5b) | ($1.3b) | ($650.6m) | |
| Net Long Term Debt Issuance | — | — | — | $1.3b | ($279.8m) | ($1.5b) | ($1.3b) | ($650.6m) | |
| Repayment Of Debt | — | — | — | ($516.9m) | ($800.4m) | ($2.3b) | ($1.3b) | ($1.3b) | |
| Proceeds from issuance of common stock | $0 | $25k | $0 | $0 | $0 | $0 | $3.2b | $3.3b | |
| Payment of common stock issuance costs | $0 | $0 | ($56k) | $0 | $0 | $0 | ($3.3m) | — | |
| Proceeds from issuance of common stock under the ESPP | — | — | — | — | $0 | $0 | $26.2m | $3.3b | |
| Extinguishment of convertible notes by issuance of common stock | — | — | $0 | $0 | $87.0m | $677.1m | $0 | — | |
| Common Stock Payments | — | — | ($283.4m) | $0 | $0 | — | — | — | |
| Issuance Of Capital Stock | — | — | — | $0 | $0 | $0 | $3.2b | $3.3b | |
| Repurchase Of Capital Stock | — | — | — | $0 | $0 | ($323.4m) | $0 | $0 | |
| Payment of redeemable preferred stock dividends | ($23.9m) | ($40.5m) | ($40.4m) | ($40.4m) | ($40.4m) | ($16.5m) | $0 | — | |
| Cash Dividends Paid | — | — | — | ($40.4m) | ($40.4m) | ($16.5m) | $0 | $0 | |
| Preferred Stock Dividend Paid | — | — | — | ($40.4m) | ($40.4m) | ($16.5m) | $0 | $0 | |
| Net Other Financing Charges | — | — | — | ($17.3m) | ($27.2m) | ($30.2m) | ($71.2m) | ($19.7m) | |
| Net cash provided by financing activities | $93.1m |
$806.5m
+766.54%
|
$685.0m
-15.07%
|
$8.4b
+1132.06%
|
$10.9b
+28.98%
|
$5.0b
-53.75%
|
$13.1b
+160.39%
|
$18.1b
+38.34%
|
|
| Net increase (decrease) in cash, cash equivalents, restricted cash and restricted cash equivalents | $153.2m | $633.2m | ($555.0m) | $1.1b | $1.8b | ($906.2m) | $2.6b | — | |
| Cash, cash equivalents, restricted cash and restricted cash equivalents at beginning of period | $690.2m | $1.3b | $768.4m | $1.8b | $3.6b | $2.7b | $5.4b | $3.6b | |
| Beginning Cash Position | — | — | — | $768.4m | $1.8b | $3.6b | $2.7b | $2.7b | |
| Restricted cash and restricted cash equivalents | $190.7m | $450.8m | $273.7m | $424.4m | $530.6m | $171.1m | $427.3m | — | |
| Effect of exchange rates on cash and cash equivalents | ($9k) | ($145k) | $46k | $571k | $677k | $2k | ($355k) | — | |
| Effect Of Exchange Rate Changes | — | — | — | $571k | $677k | $2k | ($355k) | ($229k) | |
| Additional Supplementary Disclosures | |||||||||
| Additional Supplementary Disclosures | |||||||||
| Provision for credit losses | — | $0 | $7.6m | $54.3m | $54.9m | $31.7m | $30.3m | — | |
| Fair value changes in loans held for investment | — | — | $0 | $0 | ($44.0m) | ($158.2m) | ($351.2m) | — | |
| Changes in loans held for sale, net | — | ($515.8m) | ($1.3b) | ($7.5b) | ($7.8b) | ($2.4b) | ($5.3b) | — | |
| Changes in loans previously classified as held for sale, net | — | — | $0 | $0 | $140.9m | $1.4b | $874.0m | — | |
| Changes in servicing assets | ($35.9m) | $52.0m | ($18.7m) | $18.4m | ($31.6m) | ($161.7m) | ($36.0m) | — | |
| Capitalized software development costs | — | $0 | $0 | ($10.5m) | ($9.8m) | ($9.4m) | ($8.7m) | — | |
| Purchases of loans held for investment | — | — | — | — | $0 | $0 | ($2.1b) | — | |
| Proceeds from sales of loans held for investment | — | — | — | $0 | $0 | $677.6m | $392.6m | — | |
| Other changes in loans held for investment, net | — | $0 | $0 | ($173.7m) | ($1.4b) | ($4.2b) | ($4.2b) | — | |
| Acquisition of businesses, net of cash acquired | $0 | ($32.4m) | $0 | $0 | ($72.3m) | $0 | $0 | — | |
| Net change in deposits | — | $0 | $0 | $7.2b | $11.2b | $7.0b | $11.2b | — | |
| Purchase of capped calls | $0 | $0 | ($113.8m) | $0 | $0 | ($90.6m) | $0 | — | |
| Unwind of capped calls | — | — | — | $0 | $0 | $10.2m | $0 | — | |
| Proceeds from stock option exercises | $7.8m | $3.8m | $25.2m | $2.6m | $1.1m | $21.4m | $6.9m | — | |
| Redemption of Series 1 preferred stock | — | — | — | $0 | $0 | ($323.4m) | $0 | — | |
| Finance lease principal payments | $0 | ($489k) | ($516k) | ($488k) | ($509k) | ($530k) | ($766k) | — | |
| Cash and cash equivalents | $499.5m | $260k | $494.7m | $1.4b | $3.1b | $2.5b | $4.9b | $2.7b | |
| Interest paid | $224.9m | $129.1m | $94.8m | $150.9m | $720.2m | $1.1b | $1.1b | $1.1b | |
| Income taxes paid, net | $8k | $529k | $1.8m | $2.6m | $14.3m | $26.9m | $28.9m | — | |
| Deposits credited but not yet received in cash | — | — | $0 | $31.3m | $67.3m | $403.1m | $749.0m | — | |
| Cash Flow From Continuing Financing Activities | — | — | — | $8.4b | $10.9b | $5.0b | $13.1b | $18.1b | |
| Cash Flow From Continuing Investing Activities | — | — | — | ($106.3m) | ($1.9b) | ($4.8b) | ($6.7b) | ($8.8b) | |
| Change In Account Payable | — | — | ($9.0m) | $6.4m | $42.1m | $23.6m | — | $136.4m | |
| Change In Cash Supplemental As Reported | — | — | — | $1.1b | $1.8b | ($906.2m) | $2.6b | — | |
| Change In Payable | — | — | ($9.0m) | $6.4m | $42.1m | $23.6m | — | $136.4m | |
| Changes In Cash | — | — | — | $1.1b | $1.8b | ($906.2m) | $2.6b | $851.2m | |
| End Cash Position | — | — | — | $1.8b | $3.6b | $2.7b | $5.4b | $3.6b | |
| Financing Cash Flow | — | — | — | $8.4b |
$10.9b
+28.98%
|
$5.0b
-53.75%
|
$13.1b
+160.39%
|
$18.1b
+38.34%
|
|
| Free Cash Flow | — | — | — | ($7.4b) | ($7.3b) | ($1.3b) | ($4.0b) | ($8.8b) | |
| Investing Cash Flow | — | — | — | ($106.3m) | ($1.9b) | ($4.8b) | ($6.7b) | ($8.8b) | |
| Net Business Purchase And Sale | — | — | — | $58.5m | ($72.3m) | $0 | $0 | ($64.9m) | |
| Net Investment Purchase And Sale | — | — | — | $112.6m | ($334.0m) | ($1.2b) | ($578.5m) | ($1.7b) | |
| Net PPE Purchase And Sale | — | — | — | ($93.2m) | ($111.4m) | ($154.3m) | ($242.4m) | ($290.5m) | |
| Net Preferred Stock Issuance | — | — | — | $0 | $0 | ($323.4m) | $0 | $0 | |
| Operating Gains Losses | — | — | $107.6m | — | ($58.6m) | ($220.7m) | ($351.2m) | ($350.7m) | |
| Other Non Cash Items | — | — | — | $38.3m | $10.8m | $23.4m | $25.1m | — | |
| Preferred Stock Payments | — | — | ($40.4m) | $0 | $0 | ($323.4m) | — | $0 | |
| Proceeds From Stock Option Exercised | — | — | — | $2.6m | $1.1m | ($59.1m) | $33.2m | $47.5m | |
| Purchase Of Business | — | — | $0 | — | ($72.3m) | $0 | $0 | ($64.9m) | |
| Purchase Of Investment | — | — | — | ($45.0m) | ($867.1m) | ($2.2b) | ($1.8b) | ($3.4b) | |
| Purchase Of PPE | — | — | — | ($93.2m) | ($111.4m) | ($154.3m) | ($242.4m) | ($297.3m) | |
| Sale Of Investment | — | — | — | $157.6m | $533.1m | $1.1b | $1.2b | $1.7b | |
| Stock Based Compensation | — | — | — | $306.0m | $271.2m | $246.2m | $262.1m | $283.9m | |
| Unrealized Gain Loss On Investment Securities | — | — | — | $13.6m | ($48k) | ($2.8m) | ($2.0m) | ($2.0m) |
Values abbreviated: b = billions, m = millions, k = thousands. Per share data in USD.