SoFi Technologies, Inc. (SOFI)

SoFi Technologies Income Statement

Financials in millions USD. Fiscal year is January - December.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Mar 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Interest and Dividend Income	2,906	2,808	2,051	773.37	355.02	363.54
Total Interest Expense	1,093	1,091	789.33	189.28	102.78	185.61
Net Interest Income	1,812	1,716	1,262	584.1	252.24	177.93
Other Revenue	741.91	702.51	489.24	424.07	249.86	16.28
Revenue Before Loan Losses	2,802	2,675	2,123	1,574	984.87	565.53
Provision for Loan Losses	30.21	31.71	54.95	54.33	7.57	-
Revenue	2,771	2,643	2,068	1,519	977.3	565.53
Revenue Growth (YoY)	23.62%	27.82%	36.11%	55.45%	72.81%	27.76%
Salaries & Employee Benefits	240.86	232.69	260.55	288.16	227.27	93.8
Cost of Services Provided	2,311	2,176	1,861	1,530	1,204	800.25
Total Operating Expenses	2,552	2,409	2,122	1,819	1,431	894.05
Operating Income	219.52	233.96	-53.84	-299.4	-453.84	-328.52
EBT Excluding Unusual Items	219.52	233.96	-53.84	-299.4	-453.84	-328.52
Impairment of Goodwill	-	-	-247.17	-	-	-
Pretax Income	218.9	233.35	-301.16	-318.72	-481.18	-328.52
Income Tax Expense	-262.84	-265.32	-0.42	1.69	2.76	-104.47
Net Income	481.74	498.67	-300.74	-320.41	-483.94	-224.05
Preferred Dividends & Other Adjustments	9.45	19.53	40.43	40.43	40.43	93.19
Net Income to Common	472.29	479.14	-341.17	-360.83	-524.36	-317.25
Shares Outstanding (Basic)	1,079	1,050	945	901	527	74
Shares Outstanding (Diluted)	1,137	1,101	945	901	527	74
Shares Change (YoY)	18.65%	16.55%	4.90%	71.03%	613.23%	12.54%
EPS (Basic)	0.44	0.46	-0.36	-0.40	-1.00	-4.30
EPS (Diluted)	0.43	0.39	-0.36	-0.40	-1.00	-4.30
Free Cash Flow	-2,011	-1,274	-7,339	-7,349	-1,402	-503.89
Free Cash Flow Per Share	-1.77	-1.16	-7.76	-8.16	-2.66	-6.82
Operating Margin	7.92%	8.85%	-2.60%	-19.71%	-46.44%	-58.09%
Profit Margin	17.04%	18.13%	-16.50%	-23.75%	-53.65%	-56.10%
Free Cash Flow Margin	-72.58%	-48.20%	-354.89%	-483.74%	-143.51%	-89.10%

Updated Apr 29, 2025. Source: S&P Global Market Intelligence. Financial Services template. Financial Sources.

SEC Filings: 10-K · 10-Q