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SoFi Technologies, Inc. (SOFI)
NASDAQ: SOFI · Real-Time Price · USD
14.67
+0.25 (1.73%)
At close: Nov 20, 2024, 4:00 PM
14.61
-0.06 (-0.41%)
Pre-market: Nov 21, 2024, 5:45 AM EST

SoFi Technologies Revenue by Segment
Period Ending Sep 30, 2024Jun 30, 2024Mar 31, 2024Dec 31, 2023Sep 30, 2023Jun 30, 2023Mar 31, 2023Dec 31, 2022Sep 30, 2022Jun 30, 2022Mar 31, 2022Dec 31, 2021Sep 30, 2021Jun 30, 2021Mar 31, 2021Dec 31, 2020
Lending
1.42B 1.37B 1.36B 1.37B 1.35B 1.30B 1.22B 1.14B
Lending Growth
5.57% 5.77% 11.43% 20.23% 31.21% 38.99% 45.15% 54.40%
Financial Services
704.11M 584.05M 506.01M 436.56M 362.27M 292.97M 225.23M 167.68M
Financial Services Growth
94.36% 99.35% 124.66% 160.36% 190.24% 231.11% 199.68% 188.71%
Technology Platform
389.25M 376.63M 368.80M 352.32M 341.06M 335.92M 332.22M 315.13M
Technology Platform Growth
14.13% 12.12% 11.01% 11.80% 20.61% 35.33% 58.48% 61.70%
Other
42.23M 62.27M 47.82M -45.69M -93.93M -85.43M -66.18M -49.27M

Products by Type
Period Ending Sep 30, 2024Jun 30, 2024Mar 31, 2024Dec 31, 2023Sep 30, 2023Jun 30, 2023Mar 31, 2023Dec 31, 2022Sep 30, 2022Jun 30, 2022Mar 31, 2022Dec 31, 2021Sep 30, 2021Jun 30, 2021Mar 31, 2021Dec 31, 2020Sep 30, 2020Jun 30, 2020Mar 31, 2020Dec 31, 2019
Financial Products
42.35M 39.45M 36.36M 33.37M 30.44M 27.51M 24.97M 22.56M
Financial Products Growth
39.13% 43.41% 45.58% 47.91% 51.47% 57.94% 69.41% 84.06%
Lending Products
7.05M 6.75M 6.47M 6.18M 5.86M 5.54M 5.24M 4.96M
Lending Products Growth
20.34% 21.80% 23.42% 24.49% 24.57% 24.49% 23.85% 22.94%

Contribution Profit by Segment
Period Ending Sep 30, 2024Jun 30, 2024Mar 31, 2024Dec 31, 2023Sep 30, 2023Jun 30, 2023Mar 31, 2023Dec 31, 2022Sep 30, 2022Jun 30, 2022Mar 31, 2022Dec 31, 2021Sep 30, 2021Jun 30, 2021Mar 31, 2021Dec 31, 2020
Lending
870.70M 835.72M 821.09M 823.26M 805.95M 782.56M 741.25M 664.00M
Lending Growth
8.03% 6.79% 10.77% 23.98% 43.85% 57.34% 66.73% 66.16%
Financial Services
217.21M 120.71M 61.19M -215.00K -68.86M -124.75M -174.15M -199.43M
Technology Platform
125.43M 124.67M 110.72M 94.83M 81.13M 68.47M 73.12M 76.51M
Technology Platform Growth
54.61% 82.07% 51.43% 23.94% 1.87% -9.72% 9.10% 18.72%

Operating Metrics

Period Ending Sep 30, 2024Jun 30, 2024Mar 31, 2024Dec 31, 2023Sep 30, 2023Jun 30, 2023Mar 31, 2023Dec 31, 2022Sep 30, 2022Jun 30, 2022Mar 31, 2022Dec 31, 2021Sep 30, 2021Jun 30, 2021Mar 31, 2021Dec 31, 2020Sep 30, 2020Jun 30, 2020Mar 31, 2020Dec 31, 2019
Galileo Accounts
160.00M 158.00M 151.00M 145.00M 137.00M 129.00M 126.00M 130.70M
Galileo Accounts Growth
16.79% 22.48% 19.84% 10.94% 10.48% 10.26% 14.55% 30.70%
Total Products
13.65M 12.78M 11.83M 11.14M 10.45M 9.40M 8.55M 7.90M
Total Products Growth
30.66% 35.91% 38.30% 41.13% 45.13% 43.21% 45.92% 52.62%
Members
9.37M 8.77M 8.13M 7.54M 6.96M 6.20M 5.66M 5.22M
Members Growth
34.73% 41.52% 43.78% 44.40% 46.68% 43.55% 46.23% 50.95%

Loan Origination by Type
Period Ending Sep 30, 2024Jun 30, 2024Mar 31, 2024Dec 31, 2023Sep 30, 2023Jun 30, 2023Mar 31, 2023Dec 31, 2022Sep 30, 2022Jun 30, 2022Mar 31, 2022Dec 31, 2021Sep 30, 2021Jun 30, 2021Mar 31, 2021Dec 31, 2020Sep 30, 2020Jun 30, 2020Mar 31, 2020Dec 31, 2019
Personal Loans
15.59B 14.58B 14.13B 13.80B 13.04B 11.97B 10.70B 9.77B
Personal Loans Growth
19.48% 21.82% 32.05% 41.21% 45.68% 53.74% 61.93% 81.43%
Student Loans
3.22B 3.20B 2.86B 2.63B 2.25B 1.78B 1.79B 2.25B
Student Loans Growth
43.45% 79.26% 59.83% 17.12% -31.97% -53.21% -58.17% -47.70%
Home Loans
1.55B 1.42B 1.24B 997.49M 794.11M 654.66M 743.58M 966.18M
Home Loans Growth
95.41% 116.55% 67.28% 3.24% -47.69% -68.75% -70.90% -67.56%

Operating Expense Breakdown
Period Ending Sep 30, 2024Jun 30, 2024Mar 31, 2024Dec 31, 2023Sep 30, 2023Jun 30, 2023Mar 31, 2023Dec 31, 2022Sep 30, 2022Jun 30, 2022Mar 31, 2022Dec 31, 2021Sep 30, 2021Jun 30, 2021Mar 31, 2021
Sales and Marketing
753.75M 721.67M 712.06M - 718.40M 693.81M 654.84M 617.82M 573.83M
Sales and Marketing Growth
8.64% 10.21% 15.25% - 25.19% 31.73% 37.06% 44.73% 55.36%
General and Administrative
563.62M 545.88M 524.57M - 492.41M 494.15M 488.80M 501.62M 513.69M
General and Administrative Growth
14.06% 11.68% 4.57% - -4.14% 15.47% 3.27% 0.62% 14.29%
Technology and Development
528.50M 515.63M 500.52M - 482.88M 467.89M 440.41M 405.26M 358.29M
Technology and Development Growth
12.95% 17.08% 23.51% - 34.77% 45.30% 50.80% 46.79% 33.92%
Cost of Operations
431.74M 401.91M 376.11M - 356.67M 341.49M 326.70M 313.23M 301.81M
Cost of Operations Growth
26.43% 23.02% 20.08% - 18.18% 18.44% 21.07% 21.89% 25.34%
Provision for Credit Losses
46.67M 53.27M 50.04M - 57.80M 52.29M 49.78M 54.33M 44.07M
Provision for Credit Losses Growth
-10.76% 7.01% -7.91% - 31.14% 73.43% 142.42% 617.44% 1,426.60%
Source: Business metrics provided by Main Street Data and sourced from official company press releases and documents.