SoFi Technologies, Inc. (SOFI) financials
NASDAQ · Financial Services · Financial - Credit Services · 6,100 employees · CEO Anthony J. Noto
- Price
- $16.76 -4.83%
- Market cap
- $21.6B
- Enterprise value
- $22.8B
- Last report
- Q3 '26 filed 2026-10-27
- Next report
- 2027-01-29
Revenue (TTM)$6.11B+37.6% vs a year agoLast 4 quarters; bars = each quarter
Operating margin (TTM)14.8%+5.8 pp vs a year agoOperating income $907M
Net income (TTM)$738M+15.2% vs a year agoAfter tax, incl. non-operating gains
Free cash flow (TTM)–– vs a year agoCapex –
Diluted EPS (TTM)$0.55-0.5% vs a year agoSum of the last 4 quarters
Net cash$3.82B+35.0% vs a year agoCash + short-term investments - debt
Valuation & key figures
- Market cap
- $21.6B EV $22.8B
- Revenue
- $6.11B Trailing 12 months
- Revenue growth
- – Next fiscal year
- Profit margin
- 12.1% Net income / revenue, TTM
- P/E
- 28.9×
- P/S
- 3.5× Price / sales, TTM
- EV / EBITDA
- 15.0× TTM
- Free cash flow
- – Trailing 12 months
- Net income
- $738M Trailing 12 months
- Revenue estimate
- – Next fiscal year
- Earnings
- 2027-01-29
- Dividend
- – No dividend
Key takeaways
Computed from the reported numbers - every statement carries the figure it rests on.
- Revenue growth accelerating: 41.9% year on yearQ3 '26 revenue $1.8B, against an average of 34.0% over the four quarters before.
- Operating margin 14.8% (TTM), +5.8 pp on a year agoOperating income grew 126.5% while revenue grew 37.6%.
- Diluted share count up 5.2% in a year1.36B diluted shares in Q3 '26, 1.29B a year earlier.
- Net cash $3.82BCash + short-term investments $7.8B, debt incl. leases $3.98B; a year ago net cash $2.83B.
Last quarter: Q3 '26
Quarter ended 2026-09-30. Compared with the same quarter a year earlier and with the analyst consensus before the report.
Quarter vs a year ago
| Q3 '26 | Year ago | Change | |
|---|---|---|---|
| Revenue | $1.8B | $1.27B | +41.9% |
| Gross margin | 76.2% | 75.1% | +1.1 pp |
| Operating income | $318M | $149M | +114.0% |
| Operating margin | 17.7% | 11.7% | +6.0 pp |
| Net income | $241M | $139M | +72.9% |
| Diluted EPS | $0.18 | $0.11 | +63.6% |
| Operating cash flow | – | $72.9M | – |
| Capex | – | $63.2M | – |
| Free cash flow | – | $9.78M | – |
| R&D | $0 | $0 | – |
| Stock-based compensation | – | $66.5M | – |
Revenue
Where the money comes from - by business line and by region, quarter by quarter.
Revenue, operating income and growth
quarterlyRevenue by business line
stacked, quarterly| Segment | Q1 '26 | y/y | Share | TTM | TTM y/y | 12 quarters |
|---|---|---|---|---|---|---|
| Lending Segment | – | – | – | – | – | |
| Financial Services Segment | – | – | – | – | – | |
| Lending | $642M | – | 58.4% | – | – | |
| Financial Services | $429M | – | 38.9% | – | – | |
| Technology Platform Segment | – | – | – | – | – | |
| Technology Platform | $75.1M | – | 6.8% | – | – | |
| Corporate / Other | -$45.7M | – | -4.2% | – | – |
Margins & cost structure
How much of each unit of revenue is left at each level - and where the costs go.
Margins
quarterlyCosts as % of revenue
quarterlyCash flow & capital allocation
Cash generated, what it is spent on, and what reaches shareholders.
Operating cash flow, capex, free cash flow
quarterlyUses of cash vs operating cash flow
fiscal yearsLast 4 quarters
cash flow statement- Free cash flow
- –
- Returned to shareholders / FCF
- –
Share count and EPS
quarterly, dilutedBalance sheet
Liquidity, investments and debt at each quarter end.
Cash, investments and debt
quarter endsValuation & returns
Today's multiples against the company's own last five fiscal years; analyst targets and ratings.
Multiples and returns
TTM vs 5 fiscal years| Now | 5y average | Where today sits in the 5-year range | |
|---|---|---|---|
| P/E (TTM) | 28.9× | 47.9× 2 of 5 years | 33.5× – 62.3× |
| EV / EBITDA | 15.0× | 37.1× 2 of 5 years | 35.7× – 38.5× |
| EV / Sales | 3.7× | 6.0× | 4.0× – 11.1× |
| Price / FCF | -4.3× | – | – |
| Price / Book | 1.9× | 1.9× | 0.8× – 2.9× |
| FCF yield | -23.0% | -58.7% | -177.2% – -7.9% |
| Return on invested capital | 4.5% | -1.0% | -5.4% – 3.8% |
| Return on equity | 6.8% | -1.9% | -10.3% – 7.6% |
Analysts
Consensus target $21.77 (+29.9%)
range $15.00 – $29.00 · rating Hold
Strong buy0
Buy12
Hold13
Sell4
Strong sell0
Financial statements
Every line of the income statement, balance sheet and cash flow statement - 12 quarters and 10 fiscal years, as values, as % of revenue or as growth.
Every reported line
All 334 figures SoFi Technologies, Inc. tagged in its recent 10-Q / 10-K filings, with the official SEC label and definition - including the notes (leases, taxes, buybacks, employees, ...).
| Line (SEC label) | Latest quarter | Year ago | y/y | Latest FY | Prior FY | y/y |
|---|---|---|---|---|---|---|
| Accounts Payable | $64.7M2025-12-31 | $95.3M | -32.1% | $64.7M | $95.3M | -32.1% |
| Accounts Payable and Accrued Liabilities | $923M | $676M | +36.5% | $744M | $557M | +33.5% |
| Accounts Receivable, after Allowance for Credit Loss | $893M2025-12-31 | $587M | +52.1% | $893M | $587M | +52.1% |
| Accounts Receivable, Allowance for Credit Loss | $2.56M | $3.18M | -19.5% | $3M | $2.44M | +22.7% |
| Accounts Receivable, Allowance for Credit Loss, Recovery | $38K | $300K | -87.3% | $943K | $1.23M | -23.1% |
| Accounts Receivable, Allowance for Credit Loss, Writeoff | $292K | $0 | – | $144K | $3.08M | -95.3% |
| Accounts Receivable, Credit Loss Expense (Reversal) | $167K | $389K | -57.1% | $698K | $3.69M | -81.1% |
| Accrued Liabilities | $364M2025-12-31 | $265M | +37.3% | $364M | $265M | +37.3% |
| Accumulated Other Comprehensive Income (Loss), Net of Tax | -$12M | $3.59M | -433.5% | $11M | -$8.37M | +231.2% |
| Additional Paid in Capital | $11.6B | $7.99B | +45.0% | $11.3B | $7.84B | +44.2% |
| Adjustments to Additional Paid in Capital, Increase in Carrying Amount of Redeemable Preferred Stock | – | – | – | $3.03M2024-12-31 | – | – |
| Advertising Expense | – | – | – | $426M | $322M | +32.4% |
| Amortization Method Qualified Affordable Housing Project Investments | $106M | $28.3M | +273.5% | $53.5M | $12.6M | +324.6% |
| Amortization Method Qualified Affordable Housing Project Investments, Amortization | $0 | $0 | – | $1.6M | $0 | – |
| Amortization of Debt Issuance Costs and Discounts | $2.75M | $2.92M | -6.1% | $11.3M | $13.5M | -15.9% |
| Amortization of Intangible Assets | – | – | – | $74.6M | $75.5M | -1.2% |
| APIC, Share-based Payment Arrangement, ESPP, Increase for Cost Recognition | $24.3M | $11.8M | +106.8% | $26.2M | – | – |
| APIC, Share-based Payment Arrangement, Increase for Cost Recognition | $96.8M | $76M | +27.4% | $313M | $286M | +9.5% |
| Assets | $60.9B | $41.1B | +48.2% | $50.7B | $36.3B | +39.7% |
| Beneficial Interest Liability | $510K | $554K | -7.9% | $520K | $609K | -14.6% |
| Capitalized Computer Software, Amortization | – | – | – | $6.92M | $9.65M | -28.3% |
| Capitalized Computer Software, Period Increase (Decrease) | $1.07M | $2.53M | -57.8% | $8.67M | $9.35M | -7.3% |
| Capitalized Contract Cost, Amortization | $18.5M | $12.4M | +50.0% | $267K2021-12-31 | $185K | +44.3% |
| Capitalized Contract Cost, Net | $408M2025-12-31 | $213M | +91.0% | $408M | $213M | +91.0% |
| Cash and Cash Equivalents, at Carrying Value | $3.13B | $2.12B | +47.3% | $4.93B | $2.54B | +94.2% |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents | $3.57B | $2.71B | +31.3% | $5.36B | $2.71B | +97.7% |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect | -$196M | -$1.53M | -12,665.3% | $2.65B | -$906M | +392.1% |
| Common Stock, Capital Shares Reserved for Future Issuance | 254M | 235M | +7.7% | 213M | 190M | +11.9% |
| Common Stock, Dividends, Per Share, Cash Paid | $0.00 | $0.00 | – | $0.00 | $0.00 | – |
| Common Stock, Dividends, Per Share, Declared | $0.00 | $0.00 | – | $0.00 | $0.00 | – |
| Common Stock, Par or Stated Value Per Share | $0.00 | $0.00 | – | $0.00 | $0.00 | – |
| Common Stock, Shares Authorized | 3.1B | 3.1B | 0.0% | 3.1B | 3.1B | 0.0% |
| Common Stock, Shares, Issued | 1.29B | 1.11B | +15.9% | 1.27B | 1.1B | +16.0% |
| Common Stock, Shares, Outstanding | 1.29B | 1.11B | +15.9% | 1.27B | 1.1B | +16.0% |
| Common Stock, Value, Issued | $128K | $111K | +15.3% | $126K | $109K | +15.6% |
| Comprehensive Income (Loss), Net of Tax, Attributable to Parent | $147M | $98M | +50.3% | $501M | $492M | +1.9% |
| Contract with Customer, Liability | $8.54M2025-12-31 | $7.47M | +14.2% | $8.54M | $7.47M | +14.2% |
| Contract with Customer, Liability, Current | $7.28M | $7.43M | -2.0% | $8.54M | $7.47M | +14.2% |
| Contract with Customer, Receivable, after Allowance for Credit Loss | $59.9M | $70.1M | -14.6% | $56.2M | $61.6M | -8.8% |
| Cost of Revenue | $200M | $150M | +33.0% | $609M | $462M | +31.9% |
| Current Federal Tax Expense (Benefit) | – | – | – | $5.52M | $6.89M | -19.9% |
| Current Foreign Tax Expense (Benefit) | – | – | – | $1.33M | $2.15M | -38.3% |
| Current Income Tax Expense (Benefit) | – | – | – | $28.3M | $21.6M | +31.3% |
| Current State and Local Tax Expense (Benefit) | – | – | – | $21.5M | $12.6M | +71.3% |
| Debt Conversion, Converted Instrument, Amount | $02025-12-31 | $0 | – | $0 | $677M | -100.0% |
| Debt Instrument, Unamortized Discount (Premium) and Debt Issuance Costs, Net | $12.4M | $18.5M | -33.1% | $15.5M | $21.6M | -28.4% |
| Debt Securities, Available-for-sale | $3.99B | $2.27B | +76.2% | $2.45B | $1.8B | +36.1% |
| Debt Securities, Available-for-Sale, Accrued Interest, after Allowance for Credit Loss | $16M | $6.77M | +136.3% | $6.34M | $5.72M | +10.9% |
| Debt Securities, Available-for-sale, Accumulated Gross Unrealized Gain, before Tax | $10.9M | $8.96M | +22.1% | $15.5M | $3.6M | +331.5% |
| Debt Securities, Available-for-sale, Accumulated Gross Unrealized Loss, before Tax | $26.9M | $4.64M | +480.4% | $2.04M | $13M | -84.2% |
| Debt Securities, Available-for-Sale, Amortized Cost, Maturity, Allocated and Single Maturity Date, after Year 10 | $3.33B | $1.95B | +70.6% | $2.29B | $1.51B | +52.1% |
| Debt Securities, Available-for-Sale, Amortized Cost, Maturity, Allocated and Single Maturity Date, after Year 5 Through 10 | $471M | $121M | +288.7% | $98.8M | $94.2M | +4.9% |
| Debt Securities, Available-for-Sale, Amortized Cost, Maturity, Allocated and Single Maturity Date, after Year One Through Five | $195M | $178M | +9.8% | $46.7M | $154M | -69.6% |
| Debt Securities, Available-for-Sale, Amortized Cost, Maturity, Allocated and Single Maturity Date, Year One | $8K | $6.21M | -99.9% | $387K | $54.8M | -99.3% |
| Debt Securities, Available-for-sale, Continuous Unrealized Loss Position, 12 Months or Longer | $15.2M | $33.4M | -54.6% | $20.7M | $16.6M | +24.8% |
| Debt Securities, Available-for-sale, Continuous Unrealized Loss Position, 12 Months or Longer, Accumulated Loss | $1.05M | $1.12M | -6.1% | $983K | $963K | +2.1% |
| Debt Securities, Available-for-sale, Continuous Unrealized Loss Position, Less than 12 Months | $2.36B | $727M | +224.1% | $276M | $832M | -66.8% |
| Debt Securities, Available-for-sale, Continuous Unrealized Loss Position, Less than 12 Months, Accumulated Loss | $25.9M | $3.52M | +635.2% | $1.06M | $12M | -91.2% |
| Debt Securities, Available-for-Sale, Fair Value, Maturity, Allocated and Single Maturity Date, after Year 10 | $3.32B | $1.95B | +69.7% | $2.3B | $1.5B | +53.2% |
| Debt Securities, Available-for-Sale, Fair Value, Maturity, Allocated and Single Maturity Date, after Year 5 Through 10 | $467M | $120M | +288.5% | $98.2M | $90.5M | +8.6% |
Source: SEC companyfacts (XBRL of every 10-Q / 10-K). Cash-flow quarters are derived from the year-to-date figures the 10-Q tags. Segment breakdowns are tagged with dimensions and are shown in the segment section instead.
Sources
Statements, segment revenue, metrics and estimates are standardised from the company's filings. Segment profits and every reported line: SEC EDGAR (XBRL). Filings read: 10-Q 2026-06-30, 10-Q 2026-03-31, 10-K 2025-12-31, 10-Q 2025-09-30, 10-Q 2025-06-30, 10-Q 2025-03-31, 10-K 2024-12-31, 10-Q 2024-09-30, 10-Q 2024-06-30
Data as of 2026-11-02