SoFi Technologies Inc (NASDAQ: SOFI) is a digital financial services company that offers lending, banking, and financial technology products to individual consumers through a mobile-first platform. Revenue comes from net interest income on loans held on balance sheet, fee-based financial services, and technology platform licensing through its Galileo and Technisys subsidiaries. The company operates through three reportable segments: Lending, Technology Platform, and Financial Services, as disclosed in its 10-K filed February 17, 2026. The Lending segment originates personal loans, student loans, and home loans, including agency, non-agency, FHA, VA, jumbo, and home equity products. SoFi Bank, a nationally chartered bank supervised by the OCC and, as of January 1, 2024, also by the CFPB given total assets exceeding $10 billion, serves as the primary deposit-taking and lending entity. The company's strategy centers on cross-selling multiple products to a single member base, a model it calls the Financial Services Productivity Loop, aimed at improving unit economics through product adoption depth.

Revenue model

Net interest income from loans originated and held on balance sheet, fee income from financial services products, and technology platform revenue from third-party clients using Galileo and Technisys infrastructure. Lending segment revenue is driven by personal, student, and home loan origination volume and servicing income.

Products and services

Personal loans, student loans, home loans (agency conforming, FHA, VA, jumbo up to $3,000,000, fixed-rate home equity loans up to $750,000), adjustable-rate mortgages, home equity lines of credit brokered to third-party wholesale lenders, deposit accounts, and financial technology platform services (Galileo, Technisys).

Customers and end markets

Individual consumers seeking personal finance, student loan refinancing, home purchase or refinance, and deposit products. Technology platform segment serves third-party financial institutions and fintechs as clients. SoFi Bank became subject to CFPB supervision as of January 1, 2024, indicating total assets above $10 billion at that date.

Value-chain role

Vertically integrated digital lender and bank holding company. Originates, underwrites, funds, and services loans directly. Also operates a B2B payments and banking technology infrastructure business serving other financial institutions.

Source: SEC 10-K, filed 2026-02-17

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