SoFi Technologies, Inc.'s income statement, balance sheet and cash flow statement as filed with the SEC (10-K and 10-Q), with the latest fiscal years and quarters. In its latest fiscal year (Dec 31, 2025 · FY), SoFi Technologies, Inc. reported revenue of $3.6B (+35.1% year on year) and net income of $481.3M (-3.5% year on year).
| Line item | Dec 31, 2025 · FY | Dec 31, 2024 · FY | Dec 31, 2023 · FY | Dec 31, 2022 · FY |
|---|---|---|---|---|
| Loans and securitizations | $3.1B | $2.6B | $1.9B | $749.1M |
| Other | $228.9M | $205.8M | $106.9M | $13.9M |
| Total interest income | $3.4B | $2.8B | $2.1B | $773.4M |
| Securitizations and warehouses | $95.8M | $112.4M | $244.2M | $110.1M |
| Deposits | $1.0B | $930.2M | $507.8M | $59.8M |
| Corporate borrowings | $45.7M | $48.3M | $36.8M | $18.4M |
| Other | $653.0K | $438.0K | $454.0K | $917.0K |
| Total interest expense | $1.2B | $1.1B | $789.3M | $189.3M |
| Net interest income | $2.2B | $1.7B | $1.3B | $584.1M |
| Loan origination, sales, securitizations and servicing | $242.9M | — | — | — |
| Technology products and solutions | $360.9M | $350.8M | $324.0M | $304.9M |
| Loan platform fees | $575.9M | $141.6M | — | — |
| Other | $214.6M | $187.8M | $127.9M | $75.6M |
| Total noninterest income | $1.4B | $958.4M | $861.0M | $989.4M |
| Total net revenue | $3.6B | $2.7B | $2.1B | $1.6B |
| Provision for credit losses | $30.3M | $31.7M | $54.9M | $54.3M |
| Technology and product development | $648.3M | $551.8M | $511.4M | $405.3M |
| Sales and marketing | $1.1B | $796.3M | $719.4M | $617.8M |
| Cost of operations | $609.0M | $461.6M | $380.0M | $313.2M |
| General and administrative | $704.4M | $600.1M | $511.0M | $501.6M |
| Goodwill impairment | $0 | $0 | $247.2M | — |
| Total noninterest expense | $3.1B | $2.4B | $2.4B | $1.9B |
| Income (loss) before income taxes | $525.9M | $233.3M | ($301.2M) | ($318.7M) |
| Income tax (expense) benefit | ($44.5M) | $265.3M | $416.0K | ($1.7M) |
| Net income (loss) | $481.3M | $498.7M | ($300.7M) | ($320.4M) |
| Unrealized gains (losses) on available-for-sale securities, net | $19.7M | ($7.2M) | $6.4M | ($7.3M) |
| Foreign currency translation adjustments, net | ($355.0K) | $2.0K | $677.0K | $435.0K |
| Total other comprehensive income (loss) | $19.3M | ($7.2M) | $7.1M | ($6.8M) |
| Comprehensive income (loss) | $500.7M | $491.5M | ($293.7M) | ($327.2M) |
| Earnings (loss) per share - basic (in dollars per share) | $0.42 | $0.46 | -$0.36 | -$0.40 |
| Earnings (loss) per share - diluted (in dollars per share) | $0.39 | $0.39 | -$0.36 | -$0.40 |
| Weighted average common stock outstanding - basic (in shares) | 1.2B | 1.1B | 945.0M | 900.9M |
| Weighted average common stock outstanding - diluted (in shares) | 1.3B | 1.1B | 945.0M | 900.9M |
| Line item | Jun 30, 2026 · Q2 | Mar 31, 2026 · Q1 | Sep 30, 2025 · Q3 | Jun 30, 2025 · Q2 |
|---|---|---|---|---|
| Loans and securitizations | $1.1B | $932.2M | $830.2M | $738.9M |
| Other | $72.6M | $68.8M | $61.4M | $53.5M |
| Total interest income | $1.1B | $1.0B | $891.6M | $792.4M |
| Securitizations and warehouses | $18.8M | $10.1M | $29.8M | $29.6M |
| Deposits | $320.5M | $287.2M | $264.9M | $233.2M |
| Corporate borrowings | $10.7M | $10.7M | $11.6M | $11.5M |
| Other | $2.4M | $77.0K | $102.0K | $182.0K |
| Total interest expense | $352.3M | $308.0M | $306.4M | $274.6M |
| Net interest income | $788.2M | $693.0M | $585.1M | $517.8M |
| Loan origination, sales, securitizations and servicing | $150.4M | $142.2M | $65.4M | $70.9M |
| Technology products and solutions | $52.5M | $49.4M | $89.7M | $90.8M |
| Loan platform fees | $140.9M | $138.3M | $164.9M | $127.4M |
| Crypto transaction revenue | $134.3M | $121.6M | — | — |
| Cost of crypto transaction revenue | ($133.1M) | ($120.7M) | — | — |
| Net crypto transaction revenue | $1.2M | $852.0K | — | — |
| Other | $85.5M | $76.7M | $56.5M | $48.1M |
| Total noninterest income | $430.5M | $407.4M | $376.5M | $337.1M |
| Total net revenue | $1.2B | $1.1B | $961.6M | $854.9M |
| Provision for credit losses | $13.8M | $8.9M | $9.2M | $10.0M |
| Technology and product development | $191.3M | $187.7M | $167.1M | $152.1M |
| Sales and marketing | $392.4M | $335.5M | $286.9M | $264.7M |
| Cost of operations | $200.1M | $171.1M | $161.4M | $150.4M |
| General and administrative | $216.8M | $197.6M | $188.4M | $165.4M |
| Total noninterest expense | $1.0B | $891.9M | $803.9M | $732.7M |
| Income before income taxes | $204.3M | $199.6M | $148.6M | $112.2M |
| Income tax expense | ($47.7M) | ($32.8M) | ($9.2M) | ($14.9M) |
| Net income | $156.6M | $166.7M | $139.4M | $97.3M |
| Unrealized gains (losses) on available-for-sale securities, net | ($9.3M) | ($12.9M) | $6.2M | $1.3M |
| Foreign currency translation adjustments, net | $68.0K | ($774.0K) | ($228.0K) | ($563.0K) |
| Total other comprehensive income (loss) | ($9.2M) | ($13.7M) | $6.0M | $765.0K |
| Comprehensive income | $147.4M | $153.0M | $145.3M | $98.0M |
| Earnings per share - basic (in dollars per share) | $0.12 | $0.13 | $0.12 | $0.09 |
| Earnings per share - diluted (in dollars per share) | $0.12 | $0.12 | $0.11 | $0.08 |
| Weighted average common stock outstanding - basic (in shares) | 1.3B | 1.3B | 1.2B | 1.1B |
| Weighted average common stock outstanding - diluted (in shares) | 1.4B | 1.4B | 1.3B | 1.2B |
| Line item | Dec 31, 2025 · FY | Dec 31, 2024 · FY | Dec 31, 2023 · FY | Dec 31, 2022 · FY |
|---|---|---|---|---|
| Cash and cash equivalents | $4.9B | $2.5B | $3.1B | $1.4B |
| Restricted cash and restricted cash equivalents | $427.3M | $171.1M | $530.6M | $424.4M |
| Investment securities (includes available-for-sale securities of $2,454,453 and $1,804,043 at fair value with associated amortized cost of $2,434,627 and $1,807,686, as of December 31, 2025 and 2024, respectively) | $2.6B | $1.9B | $701.9M | $396.8M |
| Loans held for sale (includes $22.7 billion and $17.7 billion at fair value, as of December 31, 2025 and 2024, respectively) | $22.9B | $17.7B | $15.4B | $13.6B |
| Loans held for investment, at fair value | $13.7B | $8.6B | $6.7B | — |
| Loans held for investment, at amortized cost (less allowance for credit losses of $50,934 and $46,684 as of December 31, 2025 and 2024, respectively) | $1.5B | $1.2B | — | — |
| Servicing rights | $378.2M | $342.1M | $180.5M | $149.9M |
| Property, equipment and software | $416.4M | $287.9M | $216.9M | $170.1M |
| Goodwill | $1.4B | $1.4B | $1.4B | $1.6B |
| Intangible assets | $231.9M | $297.8M | $364.0M | $442.2M |
| Operating lease right-of-use assets | $93.9M | $81.2M | $89.6M | $97.1M |
| Other assets (less allowance for credit losses of $2,998 and $2,444 as of December 31, 2025 and 2024, respectively) | $2.2B | $1.7B | $554.4M | $417.3M |
| Total assets | $50.7B | $36.3B | $30.1B | $19.0B |
| Interest-bearing deposits | $37.4B | $25.9B | $18.6B | $7.3B |
| Noninterest-bearing deposits | $118.0M | $116.8M | $51.7M | $76.5M |
| Total deposits | $37.5B | $26.0B | $18.6B | $7.3B |
| Accounts payable, accruals and other liabilities | $743.7M | $556.9M | $549.7M | $516.2M |
| Operating lease liabilities | $106.2M | $97.4M | $108.6M | $117.8M |
| Debt | $1.8B | $3.1B | $5.2B | $5.5B |
| Residual interests classified as debt | $520.0K | $609.0K | $7.4M | $17.0M |
| Total liabilities | $40.2B | $29.7B | $24.5B | $13.5B |
| Common stock, $0.00 par value: 3,100,000,000 and 3,100,000,000 shares authorized; 1,270,568,878 and 1,095,357,781 shares issued and outstanding as of December 31, 2025 and 2024, respectively | 126.0K | 109.0K | 97.0K | 93.0K |
| Additional paid-in capital | $11.3B | $7.8B | $7.0B | $6.7B |
| Accumulated other comprehensive income (loss) | $11.0M | ($8.4M) | ($1.2M) | ($8.3M) |
| Accumulated deficit | ($824.3M) | ($1.3B) | ($1.8B) | ($1.5B) |
| Total permanent equity | $10.5B | $6.5B | $5.2B | $5.2B |
| Total liabilities and permanent equity | $50.7B | $36.3B | $30.1B | $19.0B |
| Line item | Jun 30, 2026 | Mar 31, 2026 | Sep 30, 2025 | Jun 30, 2025 |
|---|---|---|---|---|
| Cash and cash equivalents | $3.1B | $3.4B | $3.2B | $2.1B |
| Restricted cash and restricted cash equivalents | $439.3M | $360.2M | $500.1M | $592.1M |
| Investment securities (includes available-for-sale securities of $3,993,310 and $2,454,453 at fair value with associated amortized cost of $3,993,321 and $2,434,627, as of June 30, 2026 and December 31, 2025, respectively) | $4.2B | $3.2B | $2.5B | $2.4B |
| Loans held for sale (includes $29.7 billion and $22.7 billion at fair value, as of June 30, 2026 and December 31, 2025, respectively) | $29.7B | $25.5B | $21.6B | $20.1B |
| Loans held for investment, at fair value | $16.9B | $15.3B | $11.8B | $10.7B |
| Loans held for investment, at amortized cost (less allowance for credit losses of $56,459 and $50,934, as of June 30, 2026 and December 31, 2025, respectively) | $1.3B | $1.4B | $1.5B | $1.4B |
| Servicing rights | $364.3M | $367.9M | $383.5M | $375.0M |
| Property, equipment and software | $496.7M | $448.5M | $386.6M | $354.8M |
| Goodwill | $1.4B | $1.4B | $1.4B | $1.4B |
| Intangible assets | $226.5M | $215.1M | $247.8M | $263.5M |
| Operating lease right-of-use assets | $86.1M | $88.9M | $79.4M | $77.2M |
| Other assets (less allowance for credit losses of $2,557 and $2,998, as of June 30, 2026 and December 31, 2025, respectively) | $2.6B | $2.0B | $1.6B | $1.3B |
| Total assets | $60.9B | $53.7B | $45.3B | $41.1B |
| Interest-bearing deposits | $45.4B | $40.1B | $32.8B | $29.4B |
| Noninterest-bearing deposits | $126.9M | $123.0M | $140.7M | $129.6M |
| Total deposits | $45.5B | $40.2B | $32.9B | $29.5B |
| Accounts payable, accruals and other liabilities | $923.0M | $729.3M | $759.6M | $676.3M |
| Operating lease liabilities | $104.1M | $100.7M | $93.0M | $91.4M |
| Debt | $3.3B | $1.8B | $2.7B | $3.9B |
| Residual interests classified as debt | $510.0K | $517.0K | $530.0K | $554.0K |
| Total liabilities | $49.9B | $42.9B | $36.5B | $34.3B |
| Common stock, $0.00 par value: 3,100,000,000 and 3,100,000,000 shares authorized; 1,290,312,404 and 1,270,568,878 shares issued and outstanding, as of June 30, 2026 and December 31, 2025, respectively | 128.0K | 127.0K | 120.0K | 111.0K |
| Additional paid-in capital | $11.6B | $11.5B | $9.8B | $8.0B |
| Accumulated other comprehensive income (loss) | ($12.0M) | ($2.7M) | $9.5M | $3.6M |
| Accumulated deficit | ($501.0M) | ($657.5M) | ($997.8M) | ($1.1B) |
| Total equity | $11.1B | $10.8B | $8.8B | $6.9B |
| Total liabilities and equity | $60.9B | $53.7B | $45.3B | $41.1B |
| Line item | Dec 31, 2025 · FY | Dec 31, 2024 · FY | Dec 31, 2023 · FY | Dec 31, 2022 · FY |
|---|---|---|---|---|
| Net income (loss) | $481.3M | $498.7M | ($300.7M) | ($320.4M) |
| Share-based compensation expense | $262.1M | $246.2M | $271.2M | $306.0M |
| Depreciation and amortization | $234.2M | $203.5M | $201.4M | $151.4M |
| Goodwill impairment | $0 | $0 | $247.2M | — |
| Deferred debt issuance and discount expense | $11.3M | $13.5M | $20.1M | $18.3M |
| Gain on extinguishment of convertible debt | $0 | ($62.5M) | ($14.6M) | — |
| Provision for credit losses | $30.3M | $31.7M | $54.9M | $54.3M |
| Deferred income taxes | $16.2M | ($286.9M) | ($15.8M) | ($3.5M) |
| Fair value changes in loans held for investment | ($351.2M) | ($158.2M) | ($44.0M) | — |
| Fair value changes in securitization investments | ($2.0M) | ($2.8M) | ($48.0K) | $13.6M |
| Other | $13.8M | $10.0M | ($14.0M) | $13.4M |
| Changes in loans held for sale, net | ($5.3B) | ($2.4B) | ($7.8B) | ($7.5B) |
| Changes in accrued interest on loans | ($45.3M) | — | — | — |
| Changes in loans previously classified as held for sale, net | $874.0M | $1.4B | $140.9M | — |
| Changes in servicing assets | ($36.0M) | ($161.7M) | ($31.6M) | $18.4M |
| Changes in other assets | ($100.7M) | ($458.4M) | ($5.5M) | ($56.9M) |
| Changes in other liabilities | $140.5M | — | — | — |
| Net cash used in operating activities | ($3.7B) | ($1.1B) | ($7.2B) | ($7.3B) |
| Purchases of property, equipment and software | ($242.4M) | ($154.3M) | ($111.4M) | ($93.2M) |
| Capitalized software development costs | ($8.7M) | ($9.4M) | ($9.8M) | ($10.5M) |
| Purchases of available-for-sale investments | ($1.7B) | ($2.2B) | ($800.5M) | ($45.0M) |
| Proceeds from sales of available-for-sale investments | $522.0M | $185.5M | $265.6M | $23.5M |
| Proceeds from maturities and paydowns of available-for-sale investments | $549.6M | $807.8M | $153.8M | $15.2M |
| Purchases of loans held for investment | ($2.1B) | — | — | — |
| Proceeds from sales of loans held for investment | $392.6M | $677.6M | — | — |
| Other changes in loans held for investment, net | ($4.2B) | ($4.2B) | ($1.4B) | ($173.7M) |
| Proceeds from securitization investments | $78.1M | $79.8M | $108.3M | $118.8M |
| Proceeds from non-securitization investments | $41.9M | $3.6M | $5.4M | $0 |
| Purchases of non-securitization investments | ($101.7M) | ($37.8M) | ($66.6M) | $0 |
| Acquisition of businesses, net of cash acquired | $0 | $0 | ($72.3M) | $58.5M |
| Net cash used in investing activities | ($6.7B) | ($4.8B) | ($1.9B) | ($106.3M) |
| Net change in deposits | $11.2B | $7.0B | $11.2B | $7.2B |
| Proceeds from issuance of common stock | $3.2B | — | — | $0 |
| Payment of common stock issuance costs | ($3.3M) | — | $0 | $0 |
| Net change in debt facilities | ($1.3B) | ($2.0B) | $180.6M | $1.4B |
| Proceeds from other debt issuances | $0 | $845.3M | $340.0M | $440.0M |
| Repayment of other debt | ($29.1M) | ($352.8M) | ($799.9M) | ($516.4M) |
| Payment of debt issuance costs | ($3.0M) | ($7.6M) | ($11.9M) | ($8.3M) |
| Purchase of capped calls | $0 | ($90.6M) | $0 | $0 |
| Unwind of capped calls | $0 | $10.2M | — | — |
| Taxes paid related to net share settlement of share-based awards | ($65.0M) | ($22.6M) | ($15.3M) | ($9.0M) |
| Proceeds from stock option exercises | $6.9M | $21.4M | $1.1M | $2.6M |
| Proceeds from issuance of common stock under the ESPP | 26.2M | — | — | — |
| Payment of redeemable preferred stock dividends | $0 | ($16.5M) | ($40.4M) | ($40.4M) |
| Redemption of Series 1 preferred stock | $0 | ($323.4M) | — | — |
| Line item | Jun 30, 2026 · YTD | Mar 31, 2026 · Q1 | Sep 30, 2025 · YTD | Jun 30, 2025 · YTD |
|---|---|---|---|---|
| Net income | $323.3M | $166.7M | $307.8M | $168.4M |
| Share-based compensation expense | $148.9M | $72.0M | $193.5M | $127.0M |
| Depreciation and amortization | $140.7M | $67.6M | $171.3M | $112.0M |
| Deferred debt issuance and discount expense | $5.6M | $2.9M | $8.4M | $5.4M |
| Provision for credit losses | $22.6M | $8.9M | $24.9M | $15.7M |
| Deferred income taxes | $62.6M | $28.9M | $26.6M | $19.2M |
| Fair value changes in loans held for investment | ($222.0K) | ($39.7M) | ($270.7M) | ($218.8M) |
| Fair value changes in securitization investments | ($692.0K) | ($220.0K) | ($1.6M) | ($1.1M) |
| Other | $4.3M | ($3.4M) | $9.4M | $1.8M |
| Changes in loans held for sale, net | ($7.0B) | ($2.7B) | ($4.0B) | ($2.4B) |
| Changes in accrued interest on loans | ($59.8M) | ($24.3M) | ($20.8M) | ($17.4M) |
| Changes in loans previously classified as held for sale, net | $437.4M | $227.3M | $674.0M | $514.4M |
| Changes in servicing assets | $13.9M | $10.3M | ($41.4M) | ($32.9M) |
| Changes in other assets | ($376.0M) | ($136.7M) | ($21.2M) | $206.1M |
| Changes in other liabilities | $72.4M | ($33.9M) | $170.8M | $98.6M |
| Net cash used in operating activities | ($6.2B) | ($2.3B) | ($2.8B) | ($1.4B) |
| Purchases of property, equipment and software | ($164.1M) | ($67.6M) | ($176.0M) | ($116.1M) |
| Capitalized software development costs | ($2.3M) | ($1.2M) | ($7.4M) | ($4.2M) |
| Purchases of available-for-sale investments | ($2.5B) | ($1.4B) | ($1.1B) | ($853.6M) |
| Proceeds from sales of available-for-sale investments | $605.8M | $605.8M | $249.5M | $204.8M |
| Proceeds from maturities and paydowns of available-for-sale investments | $345.9M | $167.3M | $339.0M | $237.7M |
| Purchases of loans held for investment | ($86.9M) | ($86.9M) | ($1.4B) | — |
| Other changes in loans held for investment, net | ($3.4B) | ($1.6B) | ($2.9B) | ($2.6B) |
| Proceeds from securitization investments | $56.5M | $24.1M | $49.4M | $28.8M |
| Proceeds from non-securitization investments | $1.7M | $956.0K | $16.3M | $9.6M |
| Purchases of non-securitization investments | ($20.2M) | ($8.2M) | ($62.2M) | ($51.8M) |
| Acquisition of businesses, net of cash acquired | ($64.9M) | — | — | — |
| Net cash used in investing activities | ($5.2B) | ($2.4B) | ($4.6B) | ($3.2B) |
| Net change in deposits | $8.0B | $3.0B | $7.1B | $3.8B |
| Net change in stablecoin liability outstanding | $52.5M | — | — | — |
| Proceeds from issuance of common stock | $87.4M | $87.4M | $1.7B | $11.8M |
| Payment of common stock issuance costs | ($115.0K) | ($115.0K) | ($1.6M) | — |
| Net change in debt facilities | $1.5B | $0 | ($359.4M) | $868.0M |
| Repayment of other debt | ($6.3M) | ($3.2M) | ($25.1M) | ($22.2M) |
| Payment of debt issuance costs | ($1.2M) | ($250.0K) | ($2.0M) | ($394.0K) |
| Taxes paid related to net share settlement of share-based awards | ($10.0M) | ($5.9M) | ($19.8M) | ($9.9M) |
| Proceeds from stock option exercises | $2.6M | $2.4M | $6.6M | $795.0K |
| Proceeds from issuance of common stock under the ESPP | 24.3M | — | 11.8M | — |
| Finance lease principal payments | ($406.0K) | ($202.0K) | ($567.0K) | ($370.0K) |
| Net cash provided by financing activities | $9.6B | $3.1B | $8.4B | $4.6B |
| Effect of exchange rates on cash and cash equivalents | ($706.0K) | ($774.0K) | ($1.1M) | ($832.0K) |
| Net increase (decrease) in cash, cash equivalents, restricted cash and restricted cash equivalents | ($1.8B) | ($1.6B) | $1.0B | $5.2M |
| Cash, cash equivalents, restricted cash and restricted cash equivalents at beginning of period | $5.4B | $5.4B | $2.7B | $2.7B |
| Cash, cash equivalents, restricted cash and restricted cash equivalents at end of period | $3.6B | $3.8B | $3.7B | $2.7B |
| Cash and cash equivalents | $3.1B | $3.4B | $3.2B | $2.1B |
SoFi Technologies, Inc. score and earnings-call analysis · All covered companies
Figures as reported in SEC filings. General information, not investment advice.