SoFi Technologies, Inc. (SOFI)
NASDAQ: SOFI · Real-Time Price · USD
10.91
-0.13 (-1.18%)
At close: Nov 4, 2024, 4:00 PM
10.89
-0.02 (-0.18%)
After-hours: Nov 4, 2024, 7:59 PM EST
SoFi Technologies Income Statement
Financials in millions USD. Fiscal year is January - December.
Millions USD. Fiscal year is Jan - Dec.
| TTM
| FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
| Sep '24 Sep 30, 2024 | Dec '23 Dec 31, 2023 | Dec '22 Dec 31, 2022 | Dec '21 Dec 31, 2021 | Dec '20 Dec 31, 2020 | Dec '19 Dec 31, 2019 |
| Interest and Dividend Income | 2,709 | 2,051 | 773.37 | 355.02 | 363.54 | 608.19 | |
| Total Interest Expense | 1,073 | 789.33 | 189.28 | 102.78 | 185.61 | 278.36 | |
| Net Interest Income | 1,636 | 1,262 | 584.1 | 252.24 | 177.93 | 329.83 | |
| Other Revenue | 655.3 | 489.24 | 424.07 | 249.86 | 16.28 | -186.44 | |
| Revenue Before Loan Losses | 2,556 | 2,123 | 1,574 | 984.87 | 565.53 | 442.66 | |
| Provision for Loan Losses | 36.93 | 54.95 | 54.33 | 7.57 | - | - | |
| Revenue | 2,519 | 2,068 | 1,519 | 977.3 | 565.53 | 442.66 | |
| Revenue Growth (YoY) | 32.15% | 36.11% | 55.45% | 72.81% | 27.76% | 64.31% | |
| Salaries & Employee Benefits | 260.55 | 260.55 | 288.16 | 227.27 | 93.8 | 59.26 | |
| Cost of Services Provided | 2,034 | 1,861 | 1,530 | 1,204 | 800.25 | 620.86 | |
| Total Operating Expenses | 2,294 | 2,122 | 1,819 | 1,431 | 894.05 | 680.12 | |
| Operating Income | 224.72 | -53.84 | -299.4 | -453.84 | -328.52 | -237.46 | |
| EBT Excluding Unusual Items | 224.72 | -53.84 | -299.4 | -453.84 | -328.52 | -237.46 | |
| Impairment of Goodwill | - | -247.17 | - | - | - | - | |
| Pretax Income | 224.58 | -301.16 | -318.72 | -481.18 | -328.52 | -239.6 | |
| Income Tax Expense | 10.47 | -0.42 | 1.69 | 2.76 | -104.47 | 0.1 | |
| Net Income | 214.11 | -300.74 | -320.41 | -483.94 | -224.05 | -239.7 | |
| Preferred Dividends & Other Adjustments | 10.19 | 40.43 | 40.43 | 40.43 | 93.19 | 23.92 | |
| Net Income to Common | 203.92 | -341.17 | -360.83 | -524.36 | -317.25 | -263.62 | |
| Shares Outstanding (Basic) | 1,019 | 945 | 901 | 527 | 74 | 66 | |
| Shares Outstanding (Diluted) | 1,050 | 945 | 901 | 527 | 74 | 66 | |
| Shares Change (YoY) | 12.24% | 4.90% | 71.03% | 613.23% | 12.54% | 87.00% | |
| EPS (Basic) | 0.20 | -0.36 | -0.40 | -1.00 | -4.30 | -4.02 | |
| EPS (Diluted) | 0.12 | -0.36 | -0.40 | -1.00 | -4.30 | -4.02 | |
| Free Cash Flow | -1,279 | -7,339 | -7,349 | -1,402 | -503.89 | -92.32 | |
| Free Cash Flow Per Share | -1.22 | -7.77 | -8.16 | -2.66 | -6.82 | -1.41 | |
| Operating Margin | 8.92% | -2.60% | -19.71% | -46.44% | -58.09% | -53.64% | |
| Profit Margin | 8.09% | -16.50% | -23.75% | -53.65% | -56.10% | -59.55% | |
| Free Cash Flow Margin | -50.77% | -354.89% | -483.74% | -143.51% | -89.10% | -20.86% | |
| Effective Tax Rate | 4.66% | - | - | - | - | - | |
Source: S&P Capital IQ. Financial Services template.
Financial Sources.