See more : NEXT plc (NXGPY) Income Statement Analysis – Financial Results
Complete financial analysis of SoFi Technologies, Inc. (SOFI) income statement, including revenue, profit margins, EPS and key performance metrics. Get detailed insights into the financial performance of SoFi Technologies, Inc., a leading company in the Financial – Credit Services industry within the Financial Services sector.
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SoFi Technologies, Inc. (SOFI)
About SoFi Technologies, Inc.
SoFi Technologies, Inc. provides digital financial services. It operates through three segments: Lending, Technology Platform, and Financial Services. The company's lending and financial services and products allows its members to borrow, save, spend, invest, and protect their money. It offers student loans; personal loans for debt consolidation and home improvement projects; and home loans. The company also provides cash management, investment, and technology services. In addition, it operates Galileo, a technology platform that offers services to financial and non-financial institutions; and Apex, a technology enabled platform that provides investment custody and clearing brokerage services, as well as Technisys, a cloud-based digital multi-product core banking platform. The company was founded in 2011 and is headquartered in San Francisco, California.
| Metric | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|
| Revenue | 2.07B | 1.52B | 977.30M | 565.53M | 442.66M | 269.40M | 506.71M |
| Cost of Revenue | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Gross Profit | 2.07B | 1.52B | 977.30M | 565.53M | 442.66M | 269.40M | 506.71M |
| Gross Profit Ratio | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% |
| Research & Development | 515.66M | 405.26M | 276.09M | 201.20M | 147.46M | 99.32M | 68.26M |
| General & Administrative | 788.52M | 623.58M | 536.16M | 352.82M | 242.53M | 182.47M | 131.20M |
| Selling & Marketing | 692.62M | 593.65M | 410.74M | 268.53M | 262.01M | 210.30M | 211.18M |
| SG&A | 1.74B | 1.51B | 1.17B | 715.16M | 563.79M | 433.87M | 380.82M |
| Other Expenses | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Operating Expenses | 2.26B | 1.91B | 1.45B | 916.36M | 711.25M | 533.19M | 449.07M |
| Cost & Expenses | 2.26B | 1.91B | 1.45B | 916.36M | 711.25M | 533.19M | 449.07M |
| Interest Income | 2.05B | 773.37M | 355.02M | 363.54M | 608.19M | 589.62M | 0.00 |
| Interest Expense | 789.33M | 189.28M | 102.78M | 185.61M | 278.36M | 330.55M | 0.00 |
| Depreciation & Amortization | 201.42M | 151.36M | 101.57M | 69.83M | 15.96M | 10.91M | 8.15M |
| EBITDA | 11.91M | -240.07M | -371.38M | -280.99M | -252.64M | -252.88M | 65.78M |
| EBITDA Ratio | 0.00% | 1.39% | -38.54% | -45.74% | -50.52% | 32.71% | -0.08% |
| Operating Income | -189.51M | -391.43M | -472.95M | -350.82M | -268.59M | -263.79M | 57.63M |
| Operating Income Ratio | 11.72% | -7.34% | -34.79% | 0.00% | 5.38% | 12.87% | 44.63% |
| Total Other Income/Expenses | -111.65M | 72.71M | -8.23M | 22.30M | 28.99M | 10.43M | -7.55M |
| Income Before Tax | -301.16M | -318.72M | -481.18M | -328.52M | -239.60M | -253.36M | 376.15M |
| Income Before Tax Ratio | -14.28% | -20.26% | -48.86% | -58.09% | -54.13% | -94.05% | 45.61% |
| Income Tax Expense | -416.00K | 1.69M | 2.76M | -104.47M | 98.00K | -958.00K | 368.00M |
| Net Income | -300.74M | -320.41M | -483.94M | -224.05M | -239.70M | -252.40M | 50.08M |
| Net Income Ratio | -14.27% | -20.36% | -49.14% | -39.62% | -54.15% | -93.69% | 6.07% |
| EPS | -0.36 | -0.40 | -1.00 | -2.73 | -2.27 | -2.17 | 1.35 |
| EPS Diluted | -0.36 | -0.40 | -1.00 | -2.73 | -2.27 | -2.17 | 1.35 |
| Weighted Avg Shares Out | 945.02M | 900.89M | 526.73M | 116.15M | 100.63M | 100.63M | 100.63M |
| Weighted Avg Shares Out (Dil) | 945.02M | 900.89M | 526.73M | 116.15M | 100.63M | 100.63M | 100.63M |
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Source: https://incomestatements.info
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