Financial Snapshot

Revenue
$367.6M
TTM
Gross Margin
9.45%
TTM
Net Earnings
$148.3M
TTM
Current Assets
Current Liabilities
$670.0M
Q3 2024
Current Ratio
Total Assets
$34.38B
Q3 2024
Total Liabilities
$28.26B
Q3 2024
Book Value
$6.121B
Q3 2024
Cash
Q3 2024
P/E
119.4
Nov 29, 2024 EST
Free Cash Flow
-$873.4M
TTM

Revenues

Revenues

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Revenue YoY Change

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Revenues

Concept 2023 2022 2021 2020 2019
Revenue $421.5M $377.1M $984.9M $565.5M $442.7M
YoY Change 11.76% -61.71% 74.15% 27.76%

Expenses

Cost Of Revenues

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Gross Profit

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Gross Profit Margin

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Gross Profit

Concept 2023 2022 2021 2020 2019
Revenue $421.5M $377.1M $984.9M $565.5M $442.7M
Cost Of Revenue $380.0M $313.2M $257.0M $178.9M $116.3M
Gross Profit $41.46M $63.87M $727.9M $386.6M $326.3M
Gross Profit Margin 9.84% 16.94% 73.91% 68.37% 73.72%

Selling, General & Admin Expense

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Research & Development

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Depreciation, Depletion & Amortization

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SGA Expense to Gross Profit Ratio

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R&D To Gross Profit Ratio

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DDA To Gross Profit Ratio

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Operating Expenses Total

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Operating Profits/Loss

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Operational Expenses

Concept 2023 2022 2021 2020 2019
Selling, General & Admin $1.230B $1.119B $925.4M $514.0M $418.5M
YoY Change 9.91% 20.97% 80.06% 22.82%
% of Gross Profit 2967.99% 1752.69% 127.14% 132.93% 128.24%
Research & Development $511.4M $405.3M $276.1M $201.2M $147.5M
YoY Change 26.2% 46.79% 37.22% 36.44%
% of Gross Profit 1233.64% 634.5% 37.93% 52.04% 45.19%
Depreciation & Amortization $201.4M $151.4M $101.6M $69.83M $15.96M
YoY Change 33.07% 49.02% 45.45% 337.68% 46.38%
% of Gross Profit 485.85% 236.98% 13.95% 18.06% 4.89%
Operating Expenses $1.742B $1.525B $1.201B $715.2M $565.9M
YoY Change 14.24% 26.9% 68.0% 26.37%
Operating Profit -$1.700B -$1.461B -$473.6M -$328.5M -$239.6M
YoY Change 16.4% 208.45% 44.16% 37.11%

Interest Expenses

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Interest Expenses To Operating Income %

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Other Expense/Income

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Interest & Other Expense/Income

Concept 2023 2022 2021 2020 2019
Interest Expense $789.3M $189.3M $102.8M $185.6M $278.4M
YoY Change 317.03% 84.16% -44.63% -33.32%
% of Operating Profit
Other Income/Expense, Net
YoY Change

Income/Loss

Pretax Income

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Income Tax

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Net Profits/Loss

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Pretax Income YoY Change

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Income Tax Rate

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Net Profits/Loss YoY Change

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Basic EPS

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Net Income To Revenue Ratio

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Pretax & Net Income

Concept 2023 2022 2021 2020 2019
Pretax Income -$301.2M -$318.7M -$481.2M -$328.5M -$239.6M
YoY Change -5.51% -33.76% 46.47% 37.11% -5.45%
Income Tax -$416.0K $1.686M $2.760M -$104.5M $98.00K
% Of Pretax Income
Net Earnings -$300.7M -$320.4M -$483.9M -$224.1M -$239.7M
YoY Change -6.14% -33.79% 115.99% -6.53% -5.03%
Net Earnings / Revenue -71.36% -84.97% -49.14% -39.62% -54.15%
Basic Earnings Per Share -$0.36 -$0.40 -$1.00 -$4.30 -$4.02
Diluted Earnings Per Share -$0.36 -$0.40 -$1.00 -$4.30 -$4.02

Assets & Liabilities

Cash & Short-Term Investments

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Cash & Equivalents

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Cash To Operating Expenses Ratio

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Inventory

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Receivables

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Total Short-Term Assets

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Property, Plant And Equipment

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Long-Term Investments

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Total Long-Term Assets

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Total Assets

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Net Income To Total Assets Percentage

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Accounts Payable

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Short-Term Debt

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Long Term Debt Due

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Total Short-Term Liabilities

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Long-Term Debt

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Other Long-Term Liabilities

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Total Long-Term Liabilities

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Total Liabilities

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Short-Term To Long-Term Debt Ratio

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Short-Term Assets To Debt Ratio

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Long-Term Debt To Net Income Ratio

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Assets & Liabilities

Concept 2023 2022 2021 2020 2019
Cash & Short-Term Investments
YoY Change
Cash & Equivalents
Short-Term Investments
Other Short-Term Assets
YoY Change
Inventory
Prepaid Expenses
Receivables
Other Receivables
Total Short-Term Assets
YoY Change
Property, Plant & Equipment $306.5M $267.2M $227.1M $198.3M $161.0M
YoY Change 14.71% 17.67% 14.52% 23.17%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments $22.92M $0.00 $19.70M $107.5M $104.0M
YoY Change -100.0% -81.67% 3.37%
Other Assets
YoY Change
Total Long-Term Assets
YoY Change
Total Assets $30.07B $19.01B $9.176B $8.564B $7.289B
YoY Change
Accounts Payable $272.4M $502.5M $284.0M $438.2M $103.6M
YoY Change -45.79% 76.95% -35.19% 322.97%
Accrued Expenses $310.9M $117.8M $138.8M $139.8M $124.7M
YoY Change 164.02% -15.16% -0.72% 12.11%
Deferred Revenue
YoY Change
Short-Term Debt
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $583.3M $620.3M $422.8M $578.0M $228.3M
YoY Change -5.96% 46.71% -26.85% 153.18%
Long-Term Debt $5.254B $5.517B $4.056B $4.932B $4.960B
YoY Change -4.76% 36.02% -17.76% -0.57%
Other Long-Term Liabilities $21.68M
YoY Change
Total Long-Term Liabilities $5.276B $5.517B $4.056B $4.932B $4.960B
YoY Change -4.37% 36.02% -17.76% -0.57%
Total Liabilities $24.52B $13.48B $4.479B $5.510B $5.189B
YoY Change 81.91% 200.97% -18.72% 6.19%

Ownership

Basic Shares Outstanding

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Diluted Shares Outstanding

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Preferred Stock

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Treasury Stock Shares

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Stock Issuance & Repurchase

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Ownership Data

Concept 2023 2022 2021 2020 2019
Basic Shares Outstanding 945.0M shares 900.9M shares 526.7M shares 73.85M shares 65.62M shares
Diluted Shares Outstanding 945.0M shares 900.9M shares 526.7M shares 73.85M shares 65.62M shares
Preferred Stock
Treasury Stock Shares

Return On Shareholders' Equity

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Book Value

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Free Cash Flow

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Free Cash Flow YoY

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Free Cash Flow Margin

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Dividends

Dividends

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Stock Price

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Market Cap: $17.71 Billion

About SoFi Technologies, Inc.

SoFi Technologies, Inc. is a financial service platform, which engages in the provision of student loan refinancing options to the private student loan market. The company is headquartered in San Francisco, California and currently employs 4,400 full-time employees. The company went IPO on 2020-11-30. The Company, through its lending and financial services products, allows members to borrow, save, spend, invest, and protect their money. The company operates through three segments: Lending, Technology Platform and Financial Services. The Lending Segment offers personal loans, student loans, home loans and related servicing. Its platform supports the full transaction lifecycle, including credit application, underwriting, approval, funding, and servicing. The Technology Platform segment provide technology platform services through a diversified suite of offerings which include an event and authorization platform accessed via application programming interfaces, a cloud-native digital and core banking platform and services related to both platforms. The Financial Services segment include SoFi Money, SoFi Invest, and other services, including SoFi Credit Card, Lantern Credit, SoFi Relay, SoFi Protect, and SoFi Travel.

Industry: Finance Services Peers: Ally Financial Inc. AMERICAN EXPRESS CO CREDIT ACCEPTANCE CORP Discover Financial Services FirstCash Holdings, Inc. NELNET INC OneMain Holdings, Inc. SLM Corp Synchrony Financial