← SoFi Technologies, Inc.
| Annual Trend | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | TTM | |
|---|---|---|---|---|---|---|---|---|---|
| Total net revenue | $442.7m | $565.5m | $984.9m | $1.6b | $2.1b | $2.7b | $3.6b | — | |
| Total interest income | $608.2m |
$363.5m
-40.23%
|
$355.0m
-2.34%
|
$773.4m
+117.84%
|
$2.1b
+165.21%
|
$2.8b
+36.90%
|
$3.4b
+20.21%
|
— | |
| Loan origination, sales, securitizations and servicing | — | — | — | — | $409.1m | $278.1m | $242.9m | — | |
| Total noninterest income | $112.8m | $387.6m | $732.6m | $989.4m | $861.0m | $958.4m | $1.4b | — | |
| Cost of operations | $116.3m |
$178.9m
+53.79%
|
$257.0m
+43.65%
|
$313.2m
+21.89%
|
$380.0m
+21.32%
|
$461.6m
+21.48%
|
$609.0m
+31.92%
|
— | |
| Net interest income | $329.8m |
$177.9m
-46.05%
|
$252.2m
+41.77%
|
$584.1m
+131.56%
|
$1.3b
+116.02%
|
$1.7b
+36.04%
|
$2.2b
+29.27%
|
$2.7b
+20.94%
|
|
| Sales and marketing | $266.2m | $276.6m | $426.9m | $617.8m | $719.4m | $796.3m | $1.1b | — | |
| General and administrative | $152.3m | $237.4m | $498.5m | $501.6m | $511.0m | $600.1m | $704.4m | $797.0m | |
| Total noninterest expense | $682.3m | $894.1m | $1.5b | $1.9b | $2.4b | $2.4b | $3.1b | — | |
| Total interest expense | $278.4m | $185.6m | $102.8m | $189.3m | $789.3m | $1.1b | $1.2b | — | |
| Income (loss) before income taxes | ($239.6m) | ($328.5m) | ($481.2m) | ($318.7m) | ($301.2m) | $233.3m | $525.9m | — | |
| Income tax (expense) benefit | ($98k) | $104.5m | ($2.8m) | ($1.7m) | $416k | $265.3m | ($44.5m) | $101.5m | |
| 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%
|
$636.3m
+32.19%
|
|
| Earnings (loss) per share - basic (in dollars per share) | ($4.02) | ($4.30) | ($1.00) | ($0.40) | ($0.36) | $0.46 | $0.42 | — | |
| Earnings (loss) per share - diluted (in dollars per share) | ($4.02) | ($4.30) | ($1.00) | ($0.40) | ($0.36) | $0.39 | $0.39 | — | |
| Weighted average common stock outstanding - basic (in shares) | 65.6m | 73.9m | 526.7m | 900.9m | 945.0m | 1.1b | 1.2b | — | |
| Weighted average common stock outstanding - diluted (in shares) | 65.6m | 73.9m | 526.7m | 900.9m | 945.0m | 1.1b | 1.3b | — | |
| Loans and securitizations | $570.5m | $330.4m | $337.9m | $749.1m | $1.9b | $2.6b | $3.1b | — | |
| Other | $4.2m | $15.8m | $60.3m | $75.6m | $127.9m | $187.8m | $214.6m | — | |
| Securitizations and warehouses | $268.1m | $155.2m | $90.5m | $110.1m | $244.2m | $112.4m | $95.8m | — | |
| Deposits | — | $0 | $0 | $59.8m | $507.8m | $930.2m | $1.0b | — | |
| Corporate borrowings | $5.0m | $28.0m | $10.3m | $18.4m | $36.8m | $48.3m | $45.7m | — | |
| Technology products and solutions | — | $90.1m | $191.8m | $304.9m | $324.0m | $350.8m | $360.9m | — | |
| Loan platform fees | — | — | — | $31.5m | $33.6m | $141.6m | $575.9m | — | |
| Provision for credit losses | $0 | $0 | $7.6m | $54.3m | $54.9m | $31.7m | $30.3m | — | |
| Technology and product development | $147.5m | $201.2m | $276.1m | $405.3m | $511.4m | $551.8m | $648.3m | — | |
| Goodwill impairment | — | — | $0 | $0 | $247.2m | $0 | $0 | $0 | |
| Unrealized gains (losses) on available-for-sale securities, net | $0 | $0 | ($1.4m) | ($7.3m) | $6.4m | ($7.2m) | $19.7m | — | |
| Foreign currency translation adjustments, net | ($9k) | ($145k) | $46k | $435k | $677k | $2k | ($355k) | — | |
| Comprehensive income (loss) | ($239.7m) | ($224.2m) | ($485.2m) | ($327.2m) | ($293.7m) | $491.5m | $500.7m | — | |
| Total other comprehensive income (loss) | ($9k) | ($145k) | ($1.3m) | ($6.8m) | $7.1m | ($7.2m) | $19.3m | — |
Values abbreviated: b = billions, m = millions, k = thousands. Per share data in USD.