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
Period Ending | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Lending Revenue | 1.42B | 1.37B | 1.36B | 1.37B | 1.35B | 1.30B | 1.22B | 1.14B | ||||||||
Lending Revenue Growth | 5.57% | 5.77% | 11.43% | 20.23% | 31.21% | 38.99% | 45.15% | 54.40% | ||||||||
Financial Services Revenue | 704.11M | 584.05M | 506.01M | 436.56M | 362.27M | 292.97M | 225.23M | 167.68M | ||||||||
Financial Services Revenue Growth | 94.36% | 99.35% | 124.66% | 160.36% | 190.24% | 231.11% | 199.68% | 188.71% | ||||||||
Technology Platform Revenue | 389.25M | 376.63M | 368.80M | 352.32M | 341.06M | 335.92M | 332.22M | 315.13M | ||||||||
Technology Platform Revenue Growth | 14.13% | 12.12% | 11.01% | 11.80% | 20.61% | 35.33% | 58.48% | 61.70% | ||||||||
Other Revenue | 42.23M | 62.27M | 47.82M | -45.69M | -93.93M | -85.43M | -66.18M | -49.27M |
Products by Type
Period Ending | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | Dec 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, 2024 | Jun 30, 2024 | Mar 31, 2024 | Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Lending Contribution Profit | 870.70M | 835.72M | 821.09M | 823.26M | 805.95M | 782.56M | 741.25M | 664.00M | ||||||||
Lending Contribution Profit Growth | 8.03% | 6.79% | 10.77% | 23.98% | 43.85% | 57.34% | 66.73% | 66.16% | ||||||||
Financial Services Contribution Profit | 217.21M | 120.71M | 61.19M | -215.00K | -68.86M | -124.75M | -174.15M | -199.43M | ||||||||
Technology Platform Contribution Profit | 125.43M | 124.67M | 110.72M | 94.83M | 81.13M | 68.47M | 73.12M | 76.51M | ||||||||
Technology Platform Contribution Profit Growth | 54.61% | 82.07% | 51.43% | 23.94% | 1.87% | -9.72% | 9.10% | 18.72% |
Operating Metrics
Period Ending | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | Dec 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, 2024 | Jun 30, 2024 | Mar 31, 2024 | Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | Dec 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, 2024 | Jun 30, 2024 | Mar 31, 2024 | Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 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.