SoFi Technologies, Inc. SOFI
We are a mission driven company designed to help our members achieve financial independence in order to realize their ambitions. To us, financial independence does not mean being wealthy, but rather represents the ability of our members to have the financial means to achieve their personal objectives at each stage of life, such as owning a home, having a family, or having a career of their choice — more simply stated, to have enough money to do what they want. We were founded in 2011 and have developed a suite of financial products that offers the speed, selection, content and convenience that only an integrated digital platform can provide. In order for us to achieve our mission, we have to help people get their money right, which means providing them with the ability to borrow better, save better, spend better, invest better and protect better. Everything we do today is geared toward helping our members "Get Your Money Right" and we strive to innovate and build ways for our members to achieve this goal.
Valuation FY2025 figures against the last close
Annual financial statements
Income statement
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $619.4M | $503.1M | $421.5M | $377.1M | $247.7M | $103.3M | $4.5M | — |
| Cost of revenue | $609.0M | $461.6M | $380.0M | $313.2M | $257.0M | $178.9M | $116.3M | — |
| Gross profit | $10.4M | $41.5M | $41.5M | $63.9M | -$9.3M | -$75.6M | -$111.8M | — |
| R&D | $648.3M | $551.8M | $511.4M | $405.3M | $276.1M | $201.2M | $147.5M | — |
| SG&A | $704.4M | $600.1M | $511.0M | $501.6M | $498.5M | $237.4M | $152.3M | — |
| Interest expense | $2.22B | $1.72B | $1.26B | $584.1M | $102.8M | $185.6M | $278.4M | — |
| Pre-tax income | $525.9M | $233.3M | -$301.2M | -$318.7M | -$481.2M | -$328.5M | -$239.6M | — |
| Income tax | $44.5M | $265.3M | $416.0K | $1.7M | $2.8M | $104.5M | $98.0K | — |
| Net income | $481.3M | $498.7M | -$300.7M | -$320.4M | -$483.9M | -$224.1M | -$239.7M | — |
| EPS, basic | 0.42 | 0.46 | -0.36 | -0.40 | -1.00 | -4.30 | -4.02 | — |
| EPS, diluted | 0.39 | 0.39 | -0.36 | -0.40 | -1.00 | -4.30 | -4.02 | — |
| Shares, diluted (wtd. avg.) | $1.25B | $1.10B | $945.0M | $900.9M | $526.7M | $73.9M | $65.6M | — |
Balance sheet
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|
| Cash and equivalents | $4.93B | $2.54B | $3.09B | $1.85B | $768.4M | $1.32B | $690.2M | $537.0M |
| Total current assets | — | — | — | — | — | $1.1M | — | — |
| Goodwill | $1.39B | $1.39B | $1.39B | $1.62B | $898.5M | $899.3M | $15.7M | — |
| Other intangibles | $231.9M | $297.8M | $364.0M | $442.2M | $284.6M | $355.1M | — | — |
| Total assets | $50.66B | $36.25B | $30.07B | $19.01B | $9.18B | $8.56B | — | — |
| Total current liabilities | — | — | — | — | — | $183.4K | — | — |
| Long-term debt | — | — | — | $5.49B | $3.95B | $4.80B | — | — |
| Total liabilities | $40.17B | $29.73B | $24.52B | $13.48B | $4.48B | $5.51B | — | — |
| Retained earnings | -$824.3M | -$1.31B | -$1.80B | -$1.50B | -$1.18B | -$699.2M | — | — |
| Total equity | $10.49B | $6.53B | $5.23B | $5.21B | $4.38B | -$120.1M | -$339.1M | -$68.4M |
Cash flow
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|
| Operating cash flow | -$3.74B | -$1.12B | -$7.23B | -$7.26B | -$1.35B | -$479.3M | -$54.7M | — |
| Depreciation and amortisation | $234.2M | $203.5M | $201.4M | $151.4M | $101.6M | $69.8M | $16.0M | — |
| Stock-based compensation | $262.1M | $246.2M | $271.2M | $306.0M | $239.0M | $99.9M | $60.9M | — |
| Capital expenditure | $242.4M | $154.3M | $111.4M | $93.2M | $52.3M | $24.5M | $37.6M | — |
| Investing cash flow | -$6.72B | -$4.82B | -$1.89B | -$106.3M | $110.2M | $258.9M | $114.9M | — |
| Financing cash flow | $13.11B | $5.03B | $10.89B | $8.44B | $685.0M | $853.8M | $93.1M | — |
| Buybacks | — | — | $0 | $0 | $526.0K | $40.0K | $8.8M | — |
Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001818874-26-000032.
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