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SoFi Technologies, Inc. (SOFI)

Nasdaq: SOFI · Finance Services · San Francisco, CA · filing with the SEC since 2020
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Grade5.2
◀ Past 4.6● Present 5.8▶ Future 5.5
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Income statement, as filed

In US dollars (USD), as filed; per-share figures in US dollars; share counts. The fiscal year ends in December.
Income statement, by fiscal year, newest first
Fiscal yearFY 2025FY 2024FY 2023FY 2022FY 2021FY 2020FY 2019
Period endingDec 31, 2025Dec 31, 2024Dec 31, 2023Dec 31, 2022Dec 31, 2021Dec 31, 2020Dec 31, 2019
Report filedFeb 17, 2026Feb 24, 2025Feb 27, 2024Mar 1, 2023Mar 1, 2022Mar 17, 2021·
Revenue619,353,000503,123,000421,454,000377,096,000247,718,000103,331,0004,520,000
For lenders
Interest and dividend income3,375,199,0002,807,817,0002,051,067,000773,371,000355,020,000363,537,000608,193,000
Interest and investment income228,903,000205,829,000106,939,00013,867,0003,049,000r9,153,000r11,210,000
Interest expense on deposits and borrowings1,156,243,0001,091,336,000789,327,000189,275,000···
Net interest income2,218,956,0001,716,481,0001,261,740,000584,096,000252,244,000177,931,000329,834,000
Noninterest income1,394,398,000958,378,000861,049,000989,439,000732,628,000387,601,000112,825,000
Noninterest expense3,057,178,0002,409,802,0002,369,002,000r1,837,924,000r1,466,049,000894,053,000682,258,000
Cost of revenue608,998,000461,633,000379,998,000313,226,000256,980,000178,896,000116,327,000
Research and development648,332,000551,787,000511,419,000405,257,000276,087,000201,199,000147,458,000
Sales and marketing1,095,412,000796,293,000719,400,000617,823,000426,875,000276,577,000266,198,000
General and administrative704,436,000600,089,000511,011,000501,618,000498,534,000237,381,000152,275,000
Interest expense··789,327,000189,275,000102,776,000185,606,000278,359,000
Share of profit of equity-method investments··00-261,0004,314,000869,000
Income before income taxes525,857,000233,345,000-301,158,000-318,721,000-481,177,000-328,521,000-239,599,000
Income tax expense44,537,000-265,320,000-416,0001,686,0002,760,000-104,468,00098,000
Net income481,320,000498,665,000-300,742,000-320,407,000-483,937,000-224,053,000-239,697,000
Preferred dividends··40,425,00040,425,00040,426,00040,536,00023,923,000
Net income to common shareholders481,320,000479,136,000-341,167,000-360,832,000-524,363,000-317,247,000-263,620,000
Earnings per share, basic0.420.46-0.36-0.40-1.00-4.30-4.02
Earnings per share, diluted0.390.39-0.36-0.40-1.00-4.30-4.02
Weighted average shares, basic1,150,140,0001,050,219,000945,024,000r900,886,000r526,730,26173,851,10865,619,361
Weighted average shares, diluted1,251,767,0001,101,390,000945,024,000r900,886,000r526,730,26173,851,10865,619,361
As filed with the SEC, each figure from the newest report that carries it, and linked to it. Nothing here is computed.A dot is a line not tagged for that period. r restated by the company in a later report; b a share figure put on the newest basis or filed in the wrong unit. Hover a figure for its filing and note.
What each line is, and the XBRL concept behind it
Revenue what customers paid for what it soldus-gaap:RevenueFromContractWithCustomerExcludingAssessedTax
Interest and dividend income what its loans and securities earnedus-gaap:InterestIncomeOperating
Interest and investment income what its cash and investments earnedus-gaap:InterestIncomeOther
Interest expense on deposits and borrowings what it paid for the money it lendsus-gaap:InterestExpenseOperating
Net interest income interest earned less interest paidus-gaap:InterestIncomeExpenseNet
Noninterest income fees and other income that is not interestus-gaap:NoninterestIncome
Noninterest expense salaries, buildings and the other costs of running the bankus-gaap:NoninterestExpense
Cost of revenue what it cost to make or buy what it soldus-gaap:CostOfRevenue
Research and development spent on inventing what it sells nextus-gaap:ResearchAndDevelopmentExpense
Sales and marketing the cost of finding and serving customersus-gaap:SellingAndMarketingExpense
General and administrative the cost of running the company itselfus-gaap:GeneralAndAdministrativeExpense
Interest expense what its borrowing costus-gaap:InterestExpense
Share of profit of equity-method investments its share of companies it partly ownsus-gaap:IncomeLossFromEquityMethodInvestments
Income before income taxes profit before taxus-gaap:IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
Income tax expense tax charged on the period's profitus-gaap:IncomeTaxExpenseBenefit
Net income the profit or loss that belongs to the company's shareholdersus-gaap:NetIncomeLoss
Preferred dividends paid to preferred holders before common shareholdersus-gaap:PreferredStockDividendsIncomeStatementImpact
Net income to common shareholders what is left for common shareholdersus-gaap:NetIncomeLossAvailableToCommonStockholdersBasic
Earnings per share, basic net income per share outstandingus-gaap:EarningsPerShareBasic
Earnings per share, diluted net income per share, counting every share that could be issuedus-gaap:EarningsPerShareDiluted
Weighted average shares, basic the average count of shares outstandingus-gaap:WeightedAverageNumberOfSharesOutstandingBasic
Weighted average shares, diluted the average count with every share that could be issuedus-gaap:WeightedAverageNumberOfDilutedSharesOutstanding
SI Assistanton SOFI · research, not advice