SOFI

MKT CAP:$24B

SoFi Technologies, Inc.

Market Cap

$24B

Financial Services·Financial - Credit Services·🇺🇸 United States·NASDAQ

Financials·Financial·🇺🇸·NASDAQ

Stock Price

$18.36-$9.11 (-33.16%)

Apr 24, 2026

Company Details

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, s...

CEO

Anthony J. Noto

IPO Date

Jan 4, 2021

Website

www.sofi.com

Key Metrics TTM

Revenue

$4.8B

+28.8% YoY

Net Income

$481M

EPS (Diluted)

$0.38

Free Cash Flow

-$2.6B

Revenue / Share

$3.54

Gross Margin

68.7%

Operating Margin

17.5%

Net Margin

10.1%

FCF Margin

-54.8%

P/S

4.9x

P/E

49.0x

Earnings Reports

Q1 2026

Apr 29, 2026

PENDING

FY 2025

Feb 17, 2026

$4.8B+28.8%EPS $0.39

Q4 2025

Feb 17, 2026

$1.3B+32.5%EPS $0.13

Q3 2025

Nov 6, 2025

$1.3B+28.6%EPS $0.11

Q2 2025

Aug 7, 2025

$1.1B+31.2%EPS $0.08

Revenue & Profitability

Quarter	Revenue	Gross Profit	Operating Income
Q1 22	$354M	$317M	-$110M
Q2 22	$389M	$352M	-$96M
Q3 22	$464M	$408M	-$74M
Q4 22	$556M	$442M	-$39M
Q1 23	$608M	$464M	-$36M
Q2 23	$677M	$485M	-$49M
Q3 23	$757M	$515M	-$267M
Q4 23	$856M	$589M	$51M
Q1 24	$849M	$579M	$94M
Q2 24	$861M	$587M	$15M
Q3 24	$986M	$688M	$64M
Q4 24	$1.0B	$727M	$60M
Q1 25	$1.0B	$766M	$80M
Q2 25	$1.1B	$845M	$112M
Q3 25	$1.3B	$952M	$149M
Q4 25	$1.3B	$715M	$495M

Valuation

Quarter	P/S	P/E
Q1 22	19.5x	—
Q2 22	17.6x	—
Q3 22	15.6x	—
Q4 22	13.4x	—
Q1 23	11.7x	—
Q2 23	10.2x	—
Q3 23	9.1x	—
Q4 23	8.1x	—
Q1 24	7.5x	—
Q2 24	7.1x	—
Q3 24	6.6x	110.1x
Q4 24	6.4x	47.3x
Q1 25	6.1x	48.9x
Q2 25	5.7x	42.0x
Q3 25	5.3x	36.8x
Q4 25	4.9x	49.0x

Operating Cash Flow

Quarter	Operating CF	Free CF
Q1 22	-$1.0B	-$1.0B
Q2 22	-$945M	-$970M
Q3 22	-$2.9B	-$2.9B
Q4 22	-$2.4B	-$2.4B
Q1 23	-$2.2B	-$2.2B
Q2 23	-$2.1B	-$2.1B
Q3 23	-$2.7B	-$2.7B
Q4 23	-$248M	-$285M
Q1 24	$738M	$704M
Q2 24	-$484M	-$524M
Q3 24	-$1.2B	-$1.2B
Q4 24	-$200M	-$244M
Q1 25	$22M	-$33M
Q2 25	-$1.5B	-$1.5B
Q3 25	$73M	$10M
Q4 25	-$991M	-$1.1B

Capital Expenditures

Quarter	CapEx
Q1 22	$25M
Q2 22	$25M
Q3 22	$26M
Q4 22	$28M
Q1 23	$27M
Q2 23	$28M
Q3 23	$30M
Q4 23	$37M
Q1 24	$34M
Q2 24	$39M
Q3 24	$46M
Q4 24	$44M
Q1 25	$54M
Q2 25	$66M
Q3 25	$63M
Q4 25	$66M

CapEx

OpEx vs Revenue Growth (YoY)

Quarter	Revenue Growth	OpEx Growth
Q1 22	+53.0%	+13.7%
Q2 22	+50.1%	+14.2%
Q3 22	+58.3%	+66.7%
Q4 22	+82.8%	+43.8%
Q1 23	+71.8%	+38.9%
Q2 23	+73.9%	+49.7%
Q3 23	+63.0%	+90.0%
Q4 23	+54.2%	+35.5%
Q1 24	+39.7%	+17.2%
Q2 24	+27.1%	+16.4%
Q3 24	+30.4%	-9.9%
Q4 24	+17.7%	+17.7%
Q1 25	+22.1%	+26.8%
Q2 25	+31.2%	+20.4%
Q3 25	+28.6%	+21.4%
Q4 25	+32.5%	-11.4%

Stock-Based Compensation

Quarter	SBC ($)	% of Revenue
Q1 22	$77M	21.8%
Q2 22	$80M	20.6%
Q3 22	$78M	16.8%
Q4 22	$71M	12.8%
Q1 23	$64M	10.6%
Q2 23	$76M	11.2%
Q3 23	$62M	8.2%
Q4 23	$69M	8.1%
Q1 24	$55M	6.5%
Q2 24	$61M	7.1%
Q3 24	$64M	6.5%
Q4 24	$66M	6.6%
Q1 25	$64M	6.1%
Q2 25	$63M	5.6%
Q3 25	$66M	5.2%
Q4 25	$69M	5.1%

OpEx Breakdown

Quarter	R&D	G&A	S&M
Q1 22	—	$137M	$138M
Q2 22	—	$126M	$144M
Q3 22	—	$126M	$162M
Q4 22	—	$113M	$174M
Q1 23	—	$124M	$175M
Q2 23	—	$131M	$183M
Q3 23	—	$124M	$187M
Q4 23	—	$132M	$175M
Q1 24	$131M	$145M	$167M
Q2 24	—	$145M	$185M
Q3 24	—	$149M	$215M
Q4 24	—	$161M	$229M
Q1 25	—	$156M	$238M
Q2 25	—	$165M	$265M
Q3 25	$90M	$188M	$287M
Q4 25	$173M	$194M	$306M

Revenue Segments

Quarter	Financial Services Segment	Lending Segment	Technology Platform Segment
Q1 22	$24M	$253M	$61M
Q2 22	$30M	$257M	$84M
Q4 23	$368M	$353M	$115M

War Chest

Quarter	Cash	Short-term Investments	Total
Q1 22	$1.3B	$26M	$1.4B
Q2 22	$707M	$49M	$756M
Q3 22	$935M	$51M	$986M
Q4 22	$1.4B	$39M	$1.5B
Q1 23	$2.5B	$8M	$2.5B
Q2 23	$3.0B	$239M	$3.3B
Q3 23	$2.8B	$377M	$3.2B
Q4 23	$3.1B	$501M	$3.6B
Q1 24	$3.7B	$839M	$4.5B
Q2 24	$2.3B	$1.4B	$3.8B
Q3 24	$2.4B	$1.5B	$3.8B
Q4 24	$2.5B	$1.8B	$4.3B
Q1 25	$2.1B	$2.2B	$4.2B
Q2 25	$2.1B	$2.3B	$4.4B
Q3 25	$3.2B	$2.4B	$5.6B
Q4 25	$4.9B	$0	$4.9B

Shares Outstanding

Quarter	Shares (Diluted)	QoQ Change	YoY Change
Q1 22	853M	+4.7%	+634.3%
Q2 22	910M	+6.7%	+149.3%
Q3 22	917M	+0.7%	+14.5%
Q4 22	923M	+0.7%	+13.3%
Q1 23	929M	+0.7%	+9.0%
Q2 23	937M	+0.8%	+2.9%
Q3 23	951M	+1.6%	+3.8%
Q4 23	1.03B	+8.2%	+11.5%
Q1 24	1.04B	+1.3%	+12.2%
Q2 24	1.07B	+2.2%	+13.7%
Q3 24	1.10B	+3.7%	+16.1%
Q4 24	1.15B	+4.2%	+11.8%
Q1 25	1.19B	+3.0%	+13.7%
Q2 25	1.18B	-0.1%	+11.2%
Q3 25	1.29B	+9.0%	+16.9%
Q4 25	1.35B	+4.3%	+16.9%

Shares Outstanding

Revenue Per Employee

Period	Revenue/Employee	Employees
Q1 22	$141.5K	3K
Q2 22	$155.7K	3K
Q3 22	$185.7K	3K
Q4 22	$132.3K	4K
Q1 23	$144.7K	4K
Q2 23	$161.2K	4K
Q3 23	$180.1K	4K
Q4 23	$194.6K	4K
Q1 24	$193.0K	4K
Q2 24	$195.6K	4K
Q3 24	$224.1K	4K
Q4 24	$201.6K	5K
Q1 25	$207.4K	5K
Q2 25	$225.9K	5K
Q3 25	$253.6K	5K
Q4 25	$218.9K	6K

Revenue / Employee