SoFi Technologies Key Executives
This section highlights SoFi Technologies's key executives, including their titles and compensation details.
Find Contacts at SoFi Technologies
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SoFi Technologies Earnings
This section highlights SoFi Technologies's earnings, including key dates, EPS, earnings reports, and earnings call transcripts.
Next Earnings Date
Last Earnings Results
Earnings Call Transcripts
| Transcript | Quarter | Year | Date | Estimated EPS | Actual EPS |
|---|---|---|---|---|---|
| Read Transcript | Q4 | 2024 | 2025-01-27 | $0.04 | $0.05 |
| Read Transcript | Q3 | 2024 | 2024-10-29 | $0.04 | $0.05 |
| Read Transcript | Q2 | 2024 | 2024-07-30 | $0.00 | $0.01 |
| Read Transcript | Q1 | 2024 | 2024-04-29 | $0.01 | $0.02 |
| Read Transcript | Q4 | 2023 | 2024-01-29 | $0.00 | $0.02 |
| Read Transcript | Q3 | 2023 | 2023-10-30 | $-0.07 | $-0.03 |
| Read Transcript | Q2 | 2023 | 2023-07-31 | $-0.07 | $-0.06 |
| Read Transcript | Q1 | 2023 | 2023-05-01 | $-0.08 | $-0.05 |
SoFi Technologies, Inc. provides digital financial services. It operates through three segments: Lending, Technology Platform, and Financial Services. The company's lending and financial services and products allows its members to borrow, save, spend, invest, and protect their money. It offers student loans; personal loans for debt consolidation and home improvement projects; and home loans. The company also provides cash management, investment, and technology services. In addition, it operates Galileo, a technology platform that offers services to financial and non-financial institutions; and Apex, a technology enabled platform that provides investment custody and clearing brokerage services, as well as Technisys, a cloud-based digital multi-product core banking platform. The company was founded in 2011 and is headquartered in San Francisco, California.
$12.73
Stock Price
$13.96B
Market Cap
5.00K
Employees
San Francisco, CA
Location
Financial Statements
Access annual & quarterly financial statements for SoFi Technologies, including income statements, balance sheets, and cash flow statements..
Annual Income Statement
| Breakdown | December 31, 2024 | December 31, 2023 | December 31, 2022 | December 31, 2021 | December 31, 2020 |
|---|---|---|---|---|---|
| Revenue | $2.61B | $2.07B | $1.52B | $977.30M | $565.53M |
| Cost of Revenue | $-30.80M | $- | $- | $- | $- |
| Gross Profit | $2.64B | $2.07B | $1.52B | $977.30M | $565.53M |
| Gross Profit Ratio | 101.18% | 100.00% | 100.00% | 100.00% | 100.00% |
| Research and Development Expenses | $551.79M | $515.66M | $405.26M | $276.09M | $201.20M |
| General and Administrative Expenses | $600.09M | $788.52M | $623.58M | $536.16M | $352.82M |
| Selling and Marketing Expenses | $796.29M | $692.62M | $593.65M | $410.74M | $268.53M |
| Selling General and Administrative Expenses | $1.40B | $1.74B | $1.51B | $1.17B | $715.16M |
| Other Expenses | $- | $- | $- | $- | $- |
| Operating Expenses | $2.50B | $2.26B | $1.91B | $1.45B | $916.36M |
| Cost and Expenses | $2.50B | $2.26B | $1.91B | $1.45B | $916.36M |
| Interest Income | $- | $2.05B | $773.37M | $355.02M | $363.54M |
| Interest Expense | $1.09B | $789.33M | $189.28M | $102.78M | $185.61M |
| Depreciation and Amortization | $- | $201.42M | $151.36M | $101.57M | $69.83M |
| EBITDA | $- | $11.91M | $-240.07M | $-371.38M | $-280.99M |
| EBITDA Ratio | 0.00% | 0.00% | 1.39% | -38.54% | -45.74% |
| Operating Income | $859.65M | $-189.51M | $-391.43M | $-472.95M | $-350.82M |
| Operating Income Ratio | 32.91% | 11.72% | -7.34% | -34.79% | 0.00% |
| Total Other Income Expenses Net | $-626.30M | $-111.65M | $72.71M | $-8.23M | $22.30M |
| Income Before Tax | $233.34M | $-301.16M | $-318.72M | $-481.18M | $-328.52M |
| Income Before Tax Ratio | 8.93% | -14.28% | -20.26% | -48.86% | -58.09% |
| Income Tax Expense | $265.32M | $-416.00K | $1.69M | $2.76M | $-104.47M |
| Net Income | $498.67M | $-300.74M | $-320.41M | $-483.94M | $-224.05M |
| Net Income Ratio | 19.09% | -14.27% | -20.36% | -49.14% | -39.62% |
| EPS | $0.47 | $-0.36 | $-0.40 | $-1.00 | $-2.73 |
| EPS Diluted | $0.45 | $-0.36 | $-0.40 | $-1.00 | $-2.73 |
| Weighted Average Shares Outstanding | 1.05B | 945.02M | 900.89M | 526.73M | 116.15M |
| Weighted Average Shares Outstanding Diluted | 1.10B | 945.02M | 900.89M | 526.73M | 116.15M |
| SEC Filing | Source | Source | Source | Source | Source |
| Breakdown | December 31, 2024 | September 30, 2024 | June 30, 2024 | March 31, 2024 | December 31, 2023 | September 30, 2023 | June 30, 2023 | March 31, 2023 | December 31, 2022 | September 30, 2022 | June 30, 2022 | March 31, 2022 | December 31, 2021 | September 30, 2021 | June 30, 2021 | March 31, 2021 | December 31, 2020 | September 30, 2020 | June 30, 2020 | March 31, 2020 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $734.12M | $689.45M | $586.98M | $637.81M | $603.31M | $515.38M | $485.40M | $463.75M | $456.68M | $407.66M | $352.42M | $317.38M | $280.92M | $269.61M | $230.79M | $195.98M | $171.49M | $200.79M | $114.95M | $78.30M |
| Cost of Revenue | $6.88M | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Gross Profit | $727.25M | $689.45M | $586.98M | $637.81M | $603.31M | $515.38M | $485.40M | $463.75M | $456.68M | $407.66M | $352.42M | $317.38M | $280.92M | $269.61M | $230.79M | $195.98M | $171.49M | $200.79M | $114.95M | $78.30M |
| Gross Profit Ratio | 99.06% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% |
| Research and Development Expenses | $148.99M | $139.71M | $132.17M | $130.92M | $146.06M | $125.70M | $126.84M | $117.06M | $- | $110.70M | $99.37M | $81.91M | $66.32M | $74.43M | $69.39M | $65.95M | $57.77M | $55.43M | $47.83M | $40.17M |
| General and Administrative Expenses | $160.92M | $234.42M | $224.25M | $228.96M | $214.19M | $197.47M | $192.22M | $184.61M | $113.08M | $170.61M | $155.07M | $134.13M | $122.04M | $49.16M | $173.67M | $191.94M | $101.76M | $91.43M | $75.25M | $68.48M |
| Selling and Marketing Expenses | $229.26M | $209.16M | $179.39M | $162.40M | $168.19M | $180.39M | $175.47M | $168.57M | $173.70M | $155.54M | $137.85M | $133.00M | $124.39M | $110.30M | $91.26M | $84.79M | $69.72M | $74.98M | $62.28M | $61.55M |
| Selling General and Administrative Expenses | $390.18M | $503.54M | $461.32M | $443.53M | $448.21M | $436.87M | $440.67M | $415.90M | $286.79M | $398.93M | $368.24M | $340.01M | $319.08M | $228.66M | $314.38M | $312.70M | $200.25M | $191.35M | $159.60M | $148.04M |
| Other Expenses | $- | $- | $- | $- | $- | $- | $- | $- | $169.89M | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Operating Expenses | $688.15M | $643.25M | $593.49M | $574.45M | $594.27M | $562.57M | $567.52M | $532.96M | $456.68M | $509.63M | $467.61M | $421.92M | $385.40M | $303.09M | $383.76M | $378.65M | $258.01M | $246.78M | $207.44M | $188.21M |
| Cost and Expenses | $688.15M | $643.25M | $593.49M | $574.45M | $594.27M | $562.57M | $567.52M | $532.96M | $456.68M | $509.63M | $467.61M | $421.92M | $385.40M | $303.09M | $383.76M | $378.65M | $258.01M | $246.78M | $207.44M | $188.21M |
| Interest Income | $- | $723.37M | $674.60M | $665.91M | $645.24M | $564.27M | $470.00M | $371.56M | $307.41M | $198.04M | $149.51M | $118.41M | $94.78M | $93.60M | $84.11M | $82.53M | $92.07M | $88.12M | $86.06M | $- |
| Interest Expense | $273.77M | $292.36M | $262.01M | $263.19M | $255.60M | $219.31M | $178.87M | $135.55M | $98.82M | $40.19M | $26.78M | $23.48M | $18.21M | $21.23M | $28.10M | $35.25M | $53.25M | $38.91M | $43.32M | $- |
| Depreciation and Amortization | $- | $51.79M | $49.62M | $48.54M | $53.45M | $52.52M | $50.13M | $45.32M | $42.35M | $40.25M | $38.06M | $30.70M | $26.53M | $24.07M | $24.99M | $25.98M | $25.49M | $24.68M | $- | $4.71M |
| EBITDA | $- | $99.65M | $43.11M | $111.91M | $62.49M | $5.32M | $-31.98M | $-23.89M | $- | $-61.72M | $-77.13M | $-73.84M | $-77.95M | $-9.41M | $-127.99M | $-156.69M | $-61.04M | $-21.32M | $-92.48M | $-105.19M |
| EBITDA Ratio | 0.00% | 16.67% | 15.90% | 23.25% | 6.92% | -49.60% | 21.55% | 21.07% | 0.00% | 1.41% | -15.91% | -23.89% | -29.04% | -2.13% | -60.71% | -76.79% | -36.20% | -8.97% | -80.00% | -17.91% |
| Operating Income | $204.77M | $47.85M | $-6.51M | $63.37M | $9.04M | $-47.19M | $-82.11M | $-69.21M | $- | $-101.97M | $-115.18M | $-104.54M | $-104.47M | $-33.49M | $-152.98M | $-182.66M | $-86.52M | $-46.00M | $-92.48M | $-109.91M |
| Operating Income Ratio | 27.89% | 6.90% | 5.29% | 16.07% | 35.22% | 26.38% | 19.14% | 16.37% | 0.00% | -7.38% | -17.71% | -24.34% | -30.03% | -2.95% | -52.93% | 0.00% | 0.00% | 0.00% | -30.73% | -43.74% |
| Total Other Income Expenses Net | $-144.84M | $16.00M | $21.85M | $30.86M | $42.12M | $-219.73M | $32.78M | $33.15M | $-38.95M | $27.52M | $19.47M | $-5.07M | $-4.98M | $3.62M | $-12.42M | $6.20M | $-1.04M | $3.31M | $525.00K | $3.60M |
| Income Before Tax | $59.92M | $63.85M | $15.34M | $94.23M | $51.16M | $-266.93M | $-49.33M | $-36.06M | $-38.95M | $-74.45M | $-95.72M | $-109.61M | $-109.45M | $-29.87M | $-165.39M | $-176.47M | $-87.56M | $-42.69M | $-91.96M | $-106.31M |
| Income Before Tax Ratio | 8.16% | 9.20% | 2.56% | 16.08% | 8.51% | -49.69% | -9.91% | -7.64% | -8.53% | -17.56% | -26.40% | -33.18% | -38.32% | -10.98% | -71.51% | -90.04% | -51.06% | -21.26% | -80.00% | -135.77% |
| Income Tax Expense | $272.55M | $3.11M | $-2.06M | $6.18M | $3.25M | $-244.00K | $-1.78M | $-1.64M | $1.06M | $-242.00K | $119.00K | $752.00K | $1.56M | $181.00K | $-78.00K | $1.10M | $-4.95M | $192.00K | $-99.77M | $57.00K |
| Net Income | $332.47M | $60.74M | $17.40M | $88.04M | $47.91M | $-266.68M | $-47.55M | $-34.42M | $-40.01M | $-74.21M | $-95.83M | $-110.36M | $-111.01M | $-30.05M | $-165.31M | $-177.56M | $-82.62M | $-42.88M | $7.81M | $-116.47M |
| Net Income Ratio | 45.29% | 8.76% | 2.91% | 15.03% | 7.97% | -49.64% | -9.55% | -7.29% | -8.76% | -17.50% | -26.44% | -33.41% | -38.87% | -11.05% | -71.48% | -90.60% | -48.18% | -21.35% | 6.79% | -148.75% |
| EPS | $0.31 | $0.06 | $0.01 | $0.08 | $0.04 | $-0.29 | $-0.06 | $-0.05 | $-0.05 | $-0.09 | $-0.12 | $-0.14 | $-0.15 | $-0.05 | $-0.48 | $-1.61 | $0.00 | $-0.46 | $-0.02 | $-1.16 |
| EPS Diluted | $0.29 | $0.05 | $0.01 | $0.02 | $0.02 | $-0.29 | $-0.06 | $-0.05 | $-0.05 | $-0.09 | $-0.12 | $-0.14 | $-0.15 | $-0.05 | $-0.48 | $-1.61 | $0.00 | $-0.46 | $-0.02 | $-1.16 |
| Weighted Average Shares Outstanding | 1.09B | 1.07B | 1.06B | 982.62M | 962.69M | 951.18M | 936.57M | 929.27M | 922.94M | 916.76M | 910.05M | 852.85M | 814.51M | 800.57M | 365.04M | 116.15M | 116.15M | 116.15M | 116.15M | 100.62M |
| Weighted Average Shares Outstanding Diluted | 1.15B | 1.10B | 1.07B | 1.04B | 1.03B | 951.18M | 936.57M | 929.27M | 922.94M | 916.76M | 910.05M | 852.85M | 814.51M | 800.57M | 365.04M | 116.15M | 116.15M | 116.15M | 116.15M | 100.62M |
| SEC Filing | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source |
Annual Balance Sheet
| Breakdown | December 31, 2024 | December 31, 2023 | December 31, 2022 | December 31, 2021 | December 31, 2020 |
|---|---|---|---|---|---|
| Cash and Cash Equivalents | $2.54B | $3.09B | $1.42B | $494.71M | $872.58M |
| Short Term Investments | $- | $500.94M | $195.44M | $194.91M | $- |
| Cash and Short Term Investments | $2.54B | $3.79B | $1.82B | $689.62M | $872.58M |
| Net Receivables | $- | $60.47M | $- | $- | $17.92M |
| Inventory | $- | $- | $1.88B | $727.20M | $1.38B |
| Other Current Assets | $- | $52.02M | $- | $- | $- |
| Total Current Assets | $2.54B | $3.79B | $1.82B | $689.62M | $922.88M |
| Property Plant Equipment Net | $369.09M | $306.54M | $277.03M | $227.06M | $198.35M |
| Goodwill | $1.39B | $1.39B | $1.62B | $898.53M | $899.27M |
| Intangible Assets | $639.92M | $544.52M | $582.21M | $452.84M | $504.68M |
| Goodwill and Intangible Assets | $2.03B | $1.94B | $2.21B | $1.35B | $1.40B |
| Long Term Investments | $- | $724.86M | $396.77M | $589.33M | $604.47M |
| Tax Assets | $- | $- | $19.01B | $9.18B | $8.56B |
| Other Non-Current Assets | $31.31B | $- | $-19.55B | $-9.18B | $-8.56B |
| Total Non-Current Assets | $33.71B | $2.97B | $2.33B | $2.17B | $2.21B |
| Other Assets | $- | $23.32B | $14.86B | $6.32B | $5.43B |
| Total Assets | $36.25B | $30.07B | $19.01B | $9.18B | $8.56B |
| Account Payables | $- | $159.91M | $144.57M | $158.06M | $452.91M |
| Short Term Debt | $- | $- | $- | $497.81M | $- |
| Tax Payables | $- | $- | $- | $- | $- |
| Deferred Revenue | $- | $- | $10.03M | $199.65M | $33.09M |
| Other Current Liabilities | $- | $202.26M | $19.10M | $-655.87M | $-452.91M |
| Total Current Liabilities | $- | $362.17M | $117.76M | $497.81M | $486.00M |
| Long Term Debt | $3.09B | $5.36B | $5.15B | $4.04B | $4.81B |
| Deferred Revenue Non-Current | $- | $5.72M | $10.03M | $2.55M | $19.82M |
| Deferred Tax Liabilities Non-Current | $- | $40.23M | $56.48M | $1.79M | $4.57B |
| Other Non-Current Liabilities | $26.63B | $18.98B | $8.10B | $-4.04B | $-4.81B |
| Total Non-Current Liabilities | $29.73B | $24.39B | $13.36B | $4.18B | $4.59B |
| Other Liabilities | $- | $-235.56M | $- | $-199.65M | $438.22M |
| Total Liabilities | $29.73B | $24.52B | $13.48B | $4.48B | $5.51B |
| Preferred Stock | $- | $320.37M | $320.37M | $320.37M | $3.17B |
| Common Stock | $109.00K | $97.00K | $93.00K | $83.00K | $772.72M |
| Retained Earnings | $-1.31B | $-1.80B | $-1.50B | $-1.18B | $-699.18M |
| Accumulated Other Comprehensive Income Loss | $-8.37M | $-1.21M | $-8.30M | $-1.47M | $-166.00K |
| Other Total Stockholders Equity | $7.84B | $7.04B | $6.72B | $5.56B | $579.23M |
| Total Stockholders Equity | $6.53B | $5.55B | $5.53B | $4.70B | $3.05B |
| Total Equity | $6.53B | $5.55B | $9.22B | $8.11B | $6.80B |
| Total Liabilities and Stockholders Equity | $36.25B | $30.07B | $19.01B | $9.18B | $8.56B |
| Minority Interest | $- | $- | $3.69B | $3.42B | $3.75B |
| Total Liabilities and Total Equity | $36.25B | $30.07B | $19.01B | $9.18B | $8.56B |
| Total Investments | $- | $1.23B | $816.36M | $784.24M | $604.47M |
| Total Debt | $3.09B | $5.36B | $6.11B | $4.18B | $5.07B |
| Net Debt | $555.01M | $2.28B | $4.68B | $3.69B | $4.20B |
Balance Sheet Charts
| Breakdown | December 31, 2024 | September 30, 2024 | June 30, 2024 | March 31, 2024 | December 31, 2023 | September 30, 2023 | June 30, 2023 | March 31, 2023 | December 31, 2022 | September 30, 2022 | June 30, 2022 | March 31, 2022 | December 31, 2021 | September 30, 2021 | June 30, 2021 | March 31, 2021 | December 31, 2020 | September 30, 2020 | June 30, 2020 | March 31, 2020 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash and Cash Equivalents | $2.54B | $2.35B | $2.73B | $4.15B | $3.62B | $2.81B | $3.02B | $2.49B | $1.42B | $935.16M | $707.30M | $1.33B | $494.71M | $533.52M | $461.92M | $39.94K | $872.58M | $144.58K | $100.00K | $- |
| Short Term Investments | $- | $1.55B | $212.04M | $469.86M | $540.04M | $486.09M | $382.78M | $174.84M | $39.43M | $195.13M | $197.93M | $199.84M | $194.91M | $197.20M | $- | $- | $- | $- | $- | $- |
| Cash and Short Term Investments | $2.54B | $3.91B | $2.94B | $4.62B | $4.16B | $3.39B | $3.56B | $2.85B | $1.42B | $1.13B | $756.04M | $1.35B | $505.25M | $550.61M | $461.92M | $39.94K | $872.58M | $144.58K | $100.00K | $- |
| Net Receivables | $- | $- | $- | $- | $- | $- | $- | $- | $127.05M | $- | $- | $53.64M | $34.21M | $- | $- | $- | $17.92M | $- | $- | $- |
| Inventory | $- | $- | $- | $3.69B | $- | $3.73B | $3.74B | $2.99B | $- | $1.34B | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Other Current Assets | $- | $- | $- | $- | $- | $- | $- | $- | $-127.05M | $- | $- | $- | $- | $- | $- | $740.38K | $- | $- | $- | $- |
| Total Current Assets | $2.54B | $3.91B | $2.33B | $3.69B | $3.79B | $3.39B | $3.56B | $2.85B | $1.42B | $1.13B | $905.24M | $1.40B | $539.46M | $730.73M | $461.92M | $780.32K | $922.88M | $144.58K | $100.00K | $- |
| Property Plant Equipment Net | $369.09M | $350.38M | $329.64M | $315.41M | $306.54M | $295.31M | $285.88M | $274.39M | $267.24M | $264.83M | $257.48M | $243.94M | $227.06M | $217.01M | $208.40M | $- | $198.35M | $- | $- | $- |
| Goodwill | $1.39B | $1.39B | $1.39B | $1.39B | $1.39B | $1.39B | $1.64B | $1.62B | $1.62B | $1.62B | $1.63B | $1.62B | $898.53M | $898.53M | $898.53M | $- | $899.27M | $- | $- | $- |
| Intangible Assets | $639.92M | $611.09M | $622.77M | $588.25M | $544.52M | $529.96M | $557.76M | $566.39M | $592.01M | $625.21M | $658.09M | $679.03M | $452.84M | $464.67M | $477.57M | $- | $504.68M | $- | $- | $- |
| Goodwill and Intangible Assets | $2.03B | $2.00B | $2.02B | $1.98B | $1.94B | $1.92B | $2.20B | $2.19B | $2.21B | $2.25B | $2.28B | $2.29B | $1.35B | $1.36B | $1.38B | $- | $1.40B | $- | $- | $- |
| Long Term Investments | $- | $- | $1.57B | $368.65M | $56.01M | $579.74M | $548.23M | $360.07M | $419.59M | $456.81M | $486.65M | $525.21M | $589.33M | $609.24M | $407.78M | $- | $604.47M | $- | $- | $- |
| Tax Assets | $- | $- | $25.45B | $-9.88B | $-8.99B | $- | $- | $- | $- | $- | $- | $- | $2.17B | $- | $- | $- | $- | $- | $- | $- |
| Other Non-Current Assets | $31.31B | $-195.10M | $947.42M | $34.83B | $8.86B | $-609.03M | $-578.67M | $-391.68M | $-2.90B | $-363.57M | $-374.90M | $-535.00K | $-2.17B | $-632.81M | $-432.06M | $805.04M | $-2.21B | $321.60K | $30.25K | $- |
| Total Non-Current Assets | $33.71B | $2.16B | $30.31B | $27.61B | $2.17B | $2.19B | $2.45B | $2.43B | $17.59B | $2.61B | $2.65B | $3.06B | $2.17B | $1.56B | $1.56B | $805.04M | $2.21B | $321.60K | $30.25K | $- |
| Other Assets | $- | $28.31B | $- | $- | $24.12B | $22.39B | $19.54B | $17.17B | $19.01B | $12.10B | $9.11B | $7.78B | $6.47B | $5.80B | $5.63B | $- | $5.43B | $- | $- | $- |
| Total Assets | $36.25B | $34.38B | $32.64B | $31.31B | $30.07B | $27.98B | $25.56B | $22.45B | $19.01B | $15.83B | $12.67B | $12.25B | $9.18B | $8.08B | $7.65B | $805.82M | $8.56B | $466.18K | $130.25K | $- |
| Account Payables | $- | $- | $- | $554.18M | $159.91M | $566.48M | $632.46M | $554.11M | $144.57M | $565.91M | $542.34M | $437.32M | $158.06M | $325.46M | $317.94M | $- | $452.91M | $- | $- | $- |
| Short Term Debt | $- | $- | $- | $- | $- | $486.00M | $486.00M | $486.00M | $486.00M | $486.00M | $486.00M | $486.00M | $497.81M | $- | $- | $- | $486.00M | $- | $80.00K | $- |
| Tax Payables | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Deferred Revenue | $- | $- | $- | $5.66M | $5.72M | $80.48M | $146.46M | $-68.11M | $- | $-565.91M | $-542.34M | $48.68M | $199.65M | $- | $- | $40.70K | $- | $5.00K | $- | $- |
| Other Current Liabilities | $- | $- | $- | $-559.84M | $-159.91M | $-1.13B | $-1.26B | $-972.00M | $-630.58M | $-486.00M | $-486.00M | $-972.00M | $-655.87M | $-325.46M | $-317.94M | $5.19M | $-938.91M | $441.18K | $30.25K | $- |
| Total Current Liabilities | $- | $- | $486.00M | $1.04B | $25.50M | $566.48M | $632.46M | $486.00M | $- | $121.73M | $131.74M | $486.00M | $497.81M | $822.25M | $803.94M | $5.19M | $938.91M | $446.18K | $110.25K | $- |
| Long Term Debt | $3.09B | $3.28B | $3.21B | $2.90B | $5.36B | $5.88B | $6.12B | $5.77B | $5.15B | $4.74B | $3.78B | $135.96M | $291.76M | $3.01B | $2.57B | $- | $4.57B | $- | $- | $- |
| Deferred Revenue Non-Current | $- | $- | $7.08M | $5.66M | $5.72M | $5.42M | $6.82M | $8.53M | $10.03M | $6.06M | $7.60M | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Deferred Tax Liabilities Non-Current | $- | $- | $23.10B | $-554.18M | $40.23M | $6.36B | $6.60B | $-8.53M | $56.48M | $55.10M | $-7.60M | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Other Non-Current Liabilities | $26.63B | $24.98B | $-3.21B | $-2.90B | $-5.41B | $-5.88B | $-6.12B | $-5.77B | $-5.21B | $5.60B | $3.25B | $-135.96M | $-291.76M | $-3.01B | $-2.57B | $182.58M | $-4.57B | $- | $- | $-2.12B |
| Total Non-Current Liabilities | $29.73B | $28.26B | $3.11B | $2.90B | $24.52B | $6.36B | $6.61B | $486.00M | $- | $10.21B | $7.03B | $486.00M | $497.81M | $3.01B | $2.57B | $182.58M | $4.59B | $- | $- | $-2.12B |
| Other Liabilities | $- | $- | $23.15B | $21.22B | $-25.50M | $15.67B | $12.74B | $15.93B | $13.48B | $- | $- | $5.74B | $3.48B | $-321.85M | $-246.66M | $- | $-14.69M | $- | $- | $- |
| Total Liabilities | $29.73B | $28.26B | $26.74B | $25.16B | $24.52B | $22.60B | $19.98B | $16.90B | $13.48B | $10.33B | $7.16B | $6.72B | $4.48B | $3.51B | $3.13B | $187.77M | $5.51B | $446.18K | $110.25K | $-2.12B |
| Preferred Stock | $- | $- | $1 | $320.37M | $320.37M | $320.37M | $320.37M | $320.37M | $320.37M | $320.37M | $320.37M | $320.37M | $320.37M | $320.37M | $320.37M | $- | $3.17B | $- | $- | $2.46B |
| Common Stock | $109.00K | $108.00K | $106.00K | $105.00K | $97.00K | $95.00K | $94.00K | $94.00K | $93.00K | $92.00K | $92.00K | $91.00K | $83.00K | $80.00K | $79.00K | $613.05M | $- | $2.01K | $2.01K | $- |
| Retained Earnings | $-1.31B | $-1.64B | $-1.70B | $-1.72B | $-1.80B | $-1.85B | $-1.59B | $-1.54B | $-1.50B | $-1.46B | $-1.39B | $-1.29B | $-1.18B | $-1.07B | $-1.04B | $-116.17M | $-699.18M | $-5.00K | $-5.00K | $- |
| Accumulated Other Comprehensive Income Loss | $-8.37M | $8.11M | $-1.48M | $-2.09M | $-1.21M | $600.00K | $-5.12M | $-6.34M | $-8.30M | $-9.60M | $-8.01M | $-5.96M | $-1.47M | $-458.00K | $-512.00K | $- | $-166.00K | $- | $- | $-339.06M |
| Other Total Stockholders Equity | $7.84B | $7.75B | $7.60B | $7.54B | $7.04B | $6.90B | $6.85B | $6.78B | $6.72B | $6.65B | $6.58B | $6.51B | $5.56B | $5.32B | $5.25B | $121.16M | $579.23M | $3.49B | $22.99K | $- |
| Total Stockholders Equity | $6.53B | $6.12B | $5.90B | $6.15B | $5.55B | $5.37B | $5.58B | $5.55B | $5.53B | $5.50B | $5.51B | $5.53B | $4.70B | $4.57B | $4.53B | $618.04M | $3.05B | $20.00K | $20.00K | $2.12B |
| Total Equity | $6.53B | $6.12B | $5.90B | $6.15B | $5.55B | $5.37B | $5.58B | $5.55B | $5.53B | $5.50B | $5.51B | $5.53B | $- | $- | $- | $- | $- | $- | $- | $2.12B |
| Total Liabilities and Stockholders Equity | $36.25B | $34.38B | $32.64B | $31.31B | $30.07B | $27.98B | $25.56B | $22.45B | $19.01B | $15.83B | $12.67B | $12.25B | $9.18B | $8.08B | $7.65B | $805.82M | $8.56B | $466.18K | $130.25K | $- |
| Minority Interest | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Total Liabilities and Total Equity | $36.25B | $34.38B | $32.64B | $31.31B | $30.07B | $27.98B | $25.56B | $22.45B | $19.01B | $15.83B | $12.67B | $12.25B | $9.18B | $8.08B | $7.65B | $805.82M | $8.56B | $466.18K | $130.25K | $- |
| Total Investments | $- | $1.55B | $212.04M | $838.51M | $596.05M | $579.74M | $548.23M | $534.90M | $459.03M | $651.94M | $534.83M | $550.25M | $599.41M | $625.93M | $407.78M | $- | $604.47M | $- | $- | $- |
| Total Debt | $3.09B | $3.28B | $3.21B | $3.00B | $5.36B | $6.36B | $6.61B | $6.26B | $5.63B | $5.22B | $4.40B | $5.61B | $4.18B | $3.01B | $2.57B | $1.42M | $5.07B | $400.00K | $80.00K | $- |
| Net Debt | $555.01M | $926.93M | $476.52M | $-1.15B | $1.75B | $3.55B | $3.60B | $3.77B | $4.21B | $4.29B | $3.69B | $4.28B | $3.69B | $2.48B | $2.11B | $1.38M | $4.20B | $255.42K | $-20.00K | $- |
Annual Cash Flow
| Breakdown | December 31, 2024 | December 31, 2023 | December 31, 2022 | December 31, 2021 | December 31, 2020 |
|---|---|---|---|---|---|
| Net Income | $498.67M | $-300.74M | $-320.41M | $-483.94M | $-224.05M |
| Depreciation and Amortization | $203.50M | $201.42M | $151.36M | $101.57M | $69.83M |
| Deferred Income Tax | $- | $-15.83M | $-6.65M | $1.20M | $-104.50M |
| Stock Based Compensation | $- | $271.22M | $305.99M | $239.01M | $99.87M |
| Change in Working Capital | $- | $-7.63B | $-28.12M | $-47.13M | $59.68M |
| Accounts Receivables | $- | $- | $- | $1.40M | $1.12M |
| Inventory | $- | $- | $- | $- | $- |
| Accounts Payables | $- | $42.09M | $10.33M | $-9.02M | $95.16M |
| Other Working Capital | $- | $-7.68B | $-38.46M | $-39.51M | $-36.60M |
| Other Non Cash Items | $-1.82B | $249.97M | $-7.36B | $-1.16B | $-381.07M |
| Net Cash Provided by Operating Activities | $-1.12B | $-7.23B | $-7.26B | $-1.35B | $-479.34M |
| Investments in Property Plant and Equipment | $- | $-111.41M | $-103.73M | $-52.26M | $-24.55M |
| Acquisitions Net | $- | $-72.30M | $58.54M | $- | $-32.39M |
| Purchases of Investments | $- | $-867.06M | $-44.97M | $-268.37M | $-145.00K |
| Sales Maturities of Investments | $- | $533.11M | $157.56M | $414.13M | $323.68M |
| Other Investing Activities | $-4.82B | $-1.37B | $-173.73M | $16.69M | $-7.64M |
| Net Cash Used for Investing Activities | $-4.82B | $-1.89B | $-106.33M | $110.19M | $258.95M |
| Debt Repayment | $- | $-279.82M | $1.34B | $-908.38M | $524.90M |
| Common Stock Issued | $- | $- | $- | $- | $369.84M |
| Common Stock Repurchased | $- | $-15.30M | $-8.98M | $-283.38M | $-40.00K |
| Dividends Paid | $- | $-40.42M | $-40.42M | $-323.29M | $-40.54M |
| Other Financing Activities | $5.03B | $11.22B | $7.15B | $1.92B | $-408.00K |
| Net Cash Used Provided by Financing Activities | $5.03B | $10.89B | $8.44B | $684.99M | $853.75M |
| Effect of Forex Changes on Cash | $2.00K | $677.00K | $571.00K | $46.00K | $-145.00K |
| Net Change in Cash | $-906.22M | $1.77B | $1.08B | $-554.99M | $633.22M |
| Cash at End of Period | $2.71B | $3.62B | $1.85B | $768.44M | $1.32B |
| Cash at Beginning of Period | $3.62B | $1.85B | $768.44M | $1.32B | $690.21M |
| Operating Cash Flow | $-1.12B | $-7.23B | $-7.26B | $-1.35B | $-479.34M |
| Capital Expenditure | $- | $-121.19M | $-103.73M | $-52.26M | $-24.55M |
| Free Cash Flow | $-1.12B | $-7.35B | $-7.36B | $-1.40B | $-503.88M |
Cash Flow Charts
| Breakdown | December 31, 2024 | September 30, 2024 | June 30, 2024 | March 31, 2024 | December 31, 2023 | September 30, 2023 | June 30, 2023 | March 31, 2023 | December 31, 2022 | September 30, 2022 | June 30, 2022 | March 31, 2022 | December 31, 2021 | September 30, 2021 | June 30, 2021 | March 31, 2021 | December 31, 2020 | September 30, 2020 | June 30, 2020 | March 31, 2020 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net Income | $332.47M | $60.74M | $17.40M | $88.04M | $47.91M | $-266.68M | $-47.55M | $-34.42M | $-40.01M | $-74.21M | $-95.83M | $-110.36M | $-111.01M | $-30.05M | $-165.31M | $-177.56M | $-82.62M | $-42.88M | $7.81M | $-106.37M |
| Depreciation and Amortization | $42.72M | $51.79M | $49.62M | $48.54M | $53.45M | $52.52M | $50.13M | $45.32M | $42.35M | $40.25M | $38.06M | $30.70M | $26.53M | $24.07M | $24.99M | $25.98M | $25.49M | $24.68M | $14.96M | $4.71M |
| Deferred Income Tax | $- | $176.00K | $-2.14M | $-967.00K | $-9.49M | $-244.00K | $-1.78M | $-1.64M | $922.00K | $-2.10M | $-2.28M | $-40.00K | $505.00K | $62.00K | $14.00K | $623.00K | $-4.95M | $180.00K | $- | $- |
| Stock Based Compensation | $66.37M | $63.65M | $61.06M | $55.08M | $69.11M | $62.01M | $75.88M | $64.23M | $70.98M | $77.86M | $80.14M | $77.02M | $77.08M | $72.68M | $52.15M | $37.45M | $30.09M | $26.55M | $23.55M | $19.68M |
| Change in Working Capital | $1.26B | $-1.31B | $-117.45M | $-104.89M | $108.52M | $-16.00M | $63.24M | $-17.22M | $-2.52B | $1.17M | $-69.22M | $70.02M | $-27.95M | $-27.75M | $-8.62M | $17.18M | $26.12M | $-31.27M | $161.18M | $301.78M |
| Accounts Receivables | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $-1.57M | $- | $- | $1.40M | $1.06M | $-139.00K | $- | $- |
| Inventory | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $1.57M | $- | $- | $- | $- | $- | $- | $- |
| Accounts Payables | $- | $14.27M | $-6.86M | $-7.41M | $26.04M | $-4.96M | $38.23M | $-17.22M | $-21.90M | $-8.64M | $6.56M | $30.34M | $-27.06M | $-15.82M | $40.22M | $-6.36M | $52.14M | $7.49M | $- | $- |
| Other Working Capital | $1.26B | $-1.32B | $-110.59M | $-97.47M | $82.48M | $-11.04M | $25.01M | $17.22M | $-2.49B | $9.80M | $-75.79M | $39.68M | $-888.00K | $-11.93M | $-48.83M | $22.14M | $-27.07M | $-38.62M | $161.18M | $301.78M |
| Other Non Cash Items | $-1.90B | $-40.81M | $154.25M | $75.11M | $-53.97M | $-2.52B | $-2.22B | $-2.27B | $22.80M | $-2.92B | $-896.36M | $-1.08B | $-1.20B | $-235.56M | $-160.67M | $436.38M | $11.05M | $-856.70M | $-85.36M | $52.98M |
| Net Cash Provided by Operating Activities | $-200.10M | $-1.17B | $-2.28M | $1.35M | $215.52M | $-2.69B | $-2.08B | $-2.21B | $-2.42B | $-2.88B | $-945.50M | $-1.01B | $-1.24B | $-196.54M | $-257.44M | $340.05M | $5.18M | $-879.44M | $122.13M | $272.80M |
| Investments in Property Plant and Equipment | $112.00M | $73.58M | $-39.47M | $-34.11M | $-36.65M | $-28.04M | $-27.60M | $-23.72M | $-17.23M | $-25.95M | $-24.91M | $-25.11M | $-13.82M | $-11.64M | $-19.36M | $-7.45M | $-6.93M | $-8.79M | $-3.33M | $-5.50M |
| Acquisitions Net | $- | $- | $- | $- | $-103.03M | $103.03M | $-54.35M | $-17.95M | $- | $- | $-14.77M | $73.31M | $-6.54M | $- | $- | $- | $- | $- | $-32.39M | $- |
| Purchases of Investments | $- | $-357.45M | $-2.51B | $-1.37B | $-2.01B | $-210.88M | $-200.89M | $-252.07M | $- | $113.02M | $-8.15M | $-36.83M | $-43.24M | $-225.13M | $- | $- | $- | $- | $- | $- |
| Sales Maturities of Investments | $- | $357.89M | $-129.19M | $880.22M | $75.56M | $107.84M | $47.67M | $286.04M | $19.98M | $24.19M | $41.01M | $72.39M | $87.72M | $76.96M | $77.75M | $171.70M | $77.62M | $103.01M | $- | $- |
| Other Investing Activities | $-1.39B | $-158.04M | $-2.16B | $-1.26B | $97.11M | $-140.47M | $-32.50M | $-35.11M | $-54.16M | $-161.27M | $-47.97M | $-33.88M | $6.54M | $-148.17M | $16.69M | $16.69M | $77.62M | $-3.40M | $67.82M | $70.84M |
| Net Cash Used for Investing Activities | $-1.28B | $-84.00M | $-2.68B | $-524.29M | $-1.88B | $-168.51M | $-267.67M | $-42.81M | $-51.41M | $-50.01M | $-54.80M | $49.88M | $30.66M | $-159.80M | $58.39M | $180.95M | $70.69M | $90.83M | $32.09M | $65.34M |
| Debt Repayment | $- | $143.26M | $207.27M | $-1.75B | $-926.98M | $-249.77M | $260.94M | $635.99M | $787.01M | $830.80M | $-163.81M | $937.22M | $1.16B | $433.89M | $-2.51B | $-987.38M | $110.58M | $681.03M | $-353.64M | $86.93M |
| Common Stock Issued | $- | $-632.00K | $166.00K | $466.00K | $130.00K | $430.00K | $- | $168.00K | $- | $429.00K | $193.00K | $1.87M | $- | $17.28M | $- | $- | $- | $- | $- | $- |
| Common Stock Repurchased | $-770.00K | $-4.88M | $-323.40M | $-3.76M | $-4.64M | $-3.61M | $-4.63M | $-2.42M | $- | $-1.63M | $-20.05M | $-3.59M | $- | $-8.64M | $-150.00M | $-133.38M | $- | $-8.86M | $-8.03M | $-4.64M |
| Dividends Paid | $- | $- | $-16.50M | $- | $-20.38M | $- | $-20.05M | $- | $-20.38M | $-20.05M | $-20.05M | $- | $-20.38M | $- | $-302.91M | $- | $-20.38M | $- | $-20.16M | $- |
| Other Financing Activities | $1.22B | $1.36B | $1.06B | $2.81B | $2.93B | $2.90B | $2.63B | $2.75B | $2.29B | $2.36B | $480.93M | $957.94M | $-9.79M | $8.02M | $2.09B | $-25.01M | $2.62M | $-3.54M | $13.52M | $-386.00K |
| Net Cash Used Provided by Financing Activities | $1.22B | $1.50B | $1.26B | $1.06B | $1.98B | $2.65B | $2.87B | $3.38B | $3.05B | $3.19B | $297.07M | $1.90B | $1.12B | $441.91M | $-878.03M | $-1.15B | $462.66M | $677.49M | $-368.31M | $81.90M |
| Effect of Forex Changes on Cash | $-246.00K | $563.00K | $-136.00K | $-179.00K | $475.00K | $103.00K | $392.00K | $-293.00K | $340.00K | $325.00K | $-56.00K | $-38.00K | $188.00K | $204.00K | $-266.00K | $-80.00K | $-126.00K | $24.00K | $-36.00K | $-7.00K |
| Net Change in Cash | $-260.40M | $238.13M | $-1.42B | $532.33M | $318.56M | $-204.11M | $523.61M | $1.13B | $584.87M | $262.50M | $-703.28M | $933.77M | $-85.79M | $85.78M | $69.89M | $-624.86M | $538.40M | $-111.09M | $-214.12M | $420.03M |
| Cash at End of Period | $2.71B | $2.97B | $2.73B | $4.15B | $3.62B | $3.30B | $3.50B | $2.98B | $1.85B | $1.26B | $998.93M | $1.70B | $768.44M | $854.23M | $768.45M | $698.57M | $1.32B | $785.03M | $896.12M | $1.11B |
| Cash at Beginning of Period | $2.97B | $2.73B | $4.15B | $3.62B | $3.30B | $3.50B | $2.98B | $1.85B | $1.26B | $998.93M | $1.70B | $768.44M | $854.23M | $768.45M | $698.57M | $1.32B | $785.03M | $896.12M | $1.11B | $690.21M |
| Operating Cash Flow | $-200.10M | $-1.17B | $-2.28M | $1.35M | $215.52M | $-2.69B | $-2.08B | $-2.21B | $-2.42B | $-2.88B | $-945.50M | $-1.01B | $-1.24B | $-196.54M | $-257.44M | $340.05M | $5.18M | $-879.44M | $122.13M | $272.80M |
| Capital Expenditure | $112.00M | $-45.80M | $-39.47M | $-34.11M | $-36.65M | $-28.04M | $-27.60M | $-23.72M | $-27.76M | $-25.95M | $-24.91M | $-25.11M | $-13.82M | $-11.64M | $-19.36M | $-7.45M | $-6.93M | $-8.79M | $-3.33M | $-5.50M |
| Free Cash Flow | $-88.10M | $-1.22B | $-41.75M | $-32.76M | $178.88M | $-2.71B | $-2.11B | $-2.23B | $-2.45B | $-2.91B | $-970.41M | $-1.04B | $-1.25B | $-208.17M | $-276.81M | $332.61M | $-1.75M | $-888.23M | $118.79M | $267.30M |
SoFi Technologies Dividends
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SoFi Technologies News
Read the latest news about SoFi Technologies, including recent articles, headlines, and updates.
SoFi Technologies: Poised For A Turnaround After The Deep Selloff
SoFi Technologies, a pure-digital finance company, targets young, high-income individuals underserved by traditional banks, offering diverse financial services through its app and website. The company's national banking charter, secured in 2022, has significantly boosted its deposit base and reduced reliance on capital markets. Despite recent stock price drops due to market turmoil, SoFi's strong growth prospects and solid financials make it an attractive investment with a $14 target price.
Wyndham Rewards Launches Industry-First U.S. Debit Card
Developed in collaboration with Galileo Financial Technologies, SoFi's Technology Platform, new Mastercard offers elevated membership status, booking discounts and easy point earning on everyday spend PARSIPPANY, N.J. , March 17, 2025 /PRNewswire/ -- Cash-savvy travelers now have a new way to earn Wyndham Rewards® points on their everyday spend thanks to the launch of the Wyndham Rewards Debit Card—a first of its kind offering from a major hospitality brand in the U.S. Designed for younger travelers as well as those who prefer a debt-free lifestyle, the Wyndham Rewards Debit Card makes it easy to earn Wyndham Rewards points on day-to-day transactions, from gas and groceries, to dining, retail and more.
SoFi: Student Loan Changes Are Good
SoFi Technologies has shown strong performance, with shares up 8% since October, outperforming the S&P 500, which is down nearly 5%. The company has achieved multiple GAAP-profitable quarters and a full year of GAAP net income in 2024, indicating sustainable, long-term profitability. SoFi's customer base is growing rapidly, with a 34% year-over-year membership increase and 40% of new members adopting a second product within 30 days.
Stock Market Correction: 2 Stocks Down 26% and 20% in a Month That You Can Buy Right Now
The S&P 500 recently dipped into correction territory, falling more than 10% from its recent high, and the tech-heavy Nasdaq-100 index has performed even worse. While it's never fun to watch the value of your stock portfolio go down, it's important to take a step back.
SoFi Announces Monthly Distributions on $THTA (12.00%)
NEW YORK, March 14, 2025 (GLOBE NEWSWIRE) -- SoFi, a leading provider of thematic and income ETFs, today announced monthly distributions on the SoFi Enhanced Yield ETF (THTA). Distribution as of 03/14/2025 ETF Ticker Distribution per Share Distribution Rate * 30-Day SEC Yield** Ex-Date Record Date Payment Date THTA $0.1845 12.00% 3.69% 03/17/2025 03/17/2025 03/18/2025 Inception date: 11/15/2023 Click here to view standardized performance for THTA.
SoFi Lands $5 Billion to Expand Loan Platform Business
SoFi has finalized an agreement with Blue Owl Capital worth at least $5 billion. The deal with the asset manager, announced Thursday (March 13), will allow SoFi to expand its loan platform business, which refers pre-qualified borrowers to loan origination partners and originates loans on behalf of third parties.
SoFi seals up to $5 billion loan agreement as fintech lending gains ground
SoFi said on Thursday it has finalized an agreement of up to $5 billion with funds managed by asset manager Blue Owl Capital to provide personal loans on its finance app, highlighting the increasing shift of consumers from traditional banks to fintech lenders.
SoFi Technologies: The Cross-Selling Snowball Rolls Forward
SoFi Technologies' disruptive financial services approach and strong growth across all vital metrics make it a confident "Strong Buy". SoFi's "land-and-expand" strategy and expanding service ecosystem, including new credit cards and crypto offerings, promise continued aggressive growth and profitability. Despite market uncertainties and competition, SoFi's attractive valuation and economies of scale potential make the recent pullback a compelling buying opportunity.
5 Brilliant Growth Stocks to Buy Now and Hold for the Long Term
For many, or most, of us, it's smart to aim for average returns, because they're rather powerful and they can be simple to achieve -- by socking money away in one or more low-fee, broad-market index funds such as one that tracks the S&P 500.
Cathie Wood Sells Almost All of Her SoFi Stock. Is This a Red Flag?
In this video, I will talk about SoFi Technologies (SOFI 3.20%) and Cathie Wood's Ark Invest's buying and selling activity this week. Watch the short video to learn more, consider subscribing, and click the special offer link below.
Nasdaq Correction: 2 Stocks Down 13% and 57% to Buy Now and Hold Forever
The markets have been volatile over the past few weeks as investors process a slew of economic and policy changes. The tech-heavy Nasdaq Composite is officially in correction territory, down more than 13% from its recent highs as of the close of trading Monday.
Nasdaq Sell-Off: This Magnificent Stock Is a Bargain Buy
The Nasdaq stock market has officially entered correction territory, with the Nasdaq Composite (^IXIC -4.00%) down by about 14% from its recent high as I write this. While the recent volatility can certainly be scary, it can also create buying opportunities for patient long-term investors.
SoFi Stock: This Dip Is A Gift
I maintain a "Buy" rating on SoFi Technologies, Inc. (SOFI) due to its strong growth prospects and undervaluation despite recent market pressures. SOFI's Q4 2024 results showed a 34% YoY increase in members and a 26% YoY rise in adjusted net revenue, beating consensus expectations. The firm's diversification into fee-based revenue streams and strong EBITDA margins support its long-term growth potential, even amid macroeconomic uncertainties.
SoFi: Still Bullish, But I'm Not Thrilled With Certain Aspects (Rating Downgrade)
SoFi's impressive growth in member count, net revenue, and adjusted EBITDA highlights its strong performance and potential for future growth despite current market consolidation. The key differentiator for SOFI is its technological platform, which needs to succeed in Banking as a Service to be valued as a tech company. The recent deal with Blue Owl Capital Funds is a significant step, potentially reducing SOFI's reliance on holding loans and expanding fee-based revenue.
SoFi Announces $697 Million Loan Secularization
SoFi says it has closed a $697.6 million secularization of loan platform business volume. This transaction, the company announced Monday (March 3), was a “co-contributor securitization” with collateral made up chiefly of loans previously placed with loan platform business partners.
SoFi's Next Leg Higher Is Coming
SoFi Technologies surpassed 10M members in CY 2024, adding 785K in Q4, with total products exceeding 14.7M (+32% YoY). Hit $970M (+74% YoY), now 47% of total revenue, reducing reliance on lending and improving margin stability. Originated $23B in loans (+33% YoY), with LPB generating $2.1B, lowering balance sheet risk while maintaining revenue streams.
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