2021 Q4 Form 10-Q Financial Statement

#000181887421000081 Filed on November 15, 2021

View on sec.gov

Income Statement

Concept 2021 Q4 2021 Q3 2021 Q2
Revenue $272.0M $231.3M
YoY Change 35.47% 101.19%
Cost Of Revenue $69.59M $60.62M
YoY Change 34.29% 46.41%
Gross Profit $202.4M $170.7M
YoY Change 35.88% 132.04%
Gross Profit Margin 74.42% 73.79%
Selling, General & Admin $155.4M $266.2M
YoY Change 14.11% 126.2%
% of Gross Profit 76.8% 155.97%
Research & Development $74.43M $69.39M
YoY Change 34.29% 45.07%
% of Gross Profit 36.77% 40.66%
Depreciation & Amortization $26.60M $24.00M $25.00M
YoY Change 4.31% -2.44% 66.67%
% of Gross Profit 11.86% 14.65%
Operating Expenses $229.9M $335.6M
YoY Change 19.95% 102.75%
Operating Profit -$27.47M -$164.9M
YoY Change -35.66% 79.32%
Interest Expense $21.23M $28.10M
YoY Change -45.44% -35.14%
% of Operating Profit
Other Income/Expense, Net
YoY Change
Pretax Income -$109.5M -$29.87M -$165.4M
YoY Change 25.0% -30.03% 79.85%
Income Tax $1.600M $181.0K -$78.00K
% Of Pretax Income
Net Earnings -$111.0M -$30.05M -$165.3M
YoY Change 34.38% -29.92% -2217.24%
Net Earnings / Revenue -11.05% -71.48%
Basic Earnings Per Share -$0.05 -$0.48
Diluted Earnings Per Share -$210.7K -$0.05 -$0.48
COMMON SHARES
Basic Shares Outstanding 806.9M shares 800.6M shares 365.0M shares
Diluted Shares Outstanding 800.6M shares 365.0M shares

Balance Sheet

Concept 2021 Q4 2021 Q3 2021 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments
YoY Change
Cash & Equivalents $494.7M $533.5M $461.9M
Short-Term Investments
Other Short-Term Assets
YoY Change
Inventory
Prepaid Expenses
Receivables
Other Receivables
Total Short-Term Assets
YoY Change
LONG-TERM ASSETS
Property, Plant & Equipment $227.1M $217.0M $208.4M
YoY Change
Goodwill $898.5M $898.5M $898.5M
YoY Change -0.08%
Intangibles $284.6M $301.2M $317.8M
YoY Change -19.86%
Long-Term Investments $19.74M $19.98M $0.00
YoY Change -81.64%
Other Assets
YoY Change
Total Long-Term Assets
YoY Change
TOTAL ASSETS
Total Short-Term Assets
Total Long-Term Assets
Total Assets $9.176B $8.083B $7.653B
YoY Change 7.16%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $298.2M $325.5M $317.9M
YoY Change
Accrued Expenses $138.8M $139.9M $135.5M
YoY Change
Deferred Revenue $2.553M
YoY Change 1.31%
Short-Term Debt
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $437.0M $465.4M $453.4M
YoY Change
LONG-TERM LIABILITIES
Long-Term Debt $4.042B $2.874B $2.433B
YoY Change
Other Long-Term Liabilities $174.9M $239.3M
YoY Change
Total Long-Term Liabilities $4.042B $3.049B $2.672B
YoY Change
TOTAL LIABILITIES
Total Short-Term Liabilities $437.0M $465.4M $453.4M
Total Long-Term Liabilities $4.042B $3.049B $2.672B
Total Liabilities $4.479B $3.514B $3.125B
YoY Change -18.72%
SHAREHOLDERS EQUITY
Retained Earnings -$1.183B -$1.072B -$1.042B
YoY Change 69.22%
Common Stock $83.00K $80.00K $79.00K
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $4.377B $4.249B $4.207B
YoY Change
Total Liabilities & Shareholders Equity $9.176B $8.083B $7.653B
YoY Change 7.16%

Cashflow Statement

Concept 2021 Q4 2021 Q3 2021 Q2
OPERATING ACTIVITIES
Net Income -$111.0M -$30.05M -$165.3M
YoY Change 34.38% -29.92% -2217.24%
Depreciation, Depletion And Amortization $26.60M $24.00M $25.00M
YoY Change 4.31% -2.44% 66.67%
Cash From Operating Activities -$1.236B -$196.5M -$257.5M
YoY Change -23875.0% -77.66% -310.89%
INVESTING ACTIVITIES
Capital Expenditures -$13.90M -$11.60M -$19.40M
YoY Change 101.45% 31.82% 487.88%
Acquisitions
YoY Change
Other Investing Activities $44.50M -$148.1M $77.70M
YoY Change -42.65% -248.69% 118.87%
Cash From Investing Activities $30.70M -$159.8M $58.40M
YoY Change -56.52% -275.8% 81.93%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 1.120B 441.9M 269.2M
YoY Change 141.99% -34.77% -173.09%
NET CHANGE
Cash From Operating Activities -1.236B -196.5M -257.5M
Cash From Investing Activities 30.70M -159.8M 58.40M
Cash From Financing Activities 1.120B 441.9M 269.2M
Net Change In Cash -85.90M 85.60M 70.10M
YoY Change -115.95% -177.12% -132.74%
FREE CASH FLOW
Cash From Operating Activities -$1.236B -$196.5M -$257.5M
Capital Expenditures -$13.90M -$11.60M -$19.40M
Free Cash Flow -$1.222B -$184.9M -$238.1M
YoY Change -10202.48% -78.76% -289.87%

Facts In Submission

Frame Concept Type Concept / XBRL Key Value Unit
dei Entity Central Index Key
EntityCentralIndexKey
0001818874
dei Current Fiscal Year End Date
CurrentFiscalYearEndDate
--12-31
dei Document Fiscal Year Focus
DocumentFiscalYearFocus
2021
dei Document Fiscal Period Focus
DocumentFiscalPeriodFocus
Q3
dei Amendment Flag
AmendmentFlag
false
dei Document Type
DocumentType
10-Q
dei Document Quarterly Report
DocumentQuarterlyReport
true
dei Document Period End Date
DocumentPeriodEndDate
2021-09-30
dei Document Transition Report
DocumentTransitionReport
false
dei Entity File Number
EntityFileNumber
001-39606
dei Entity Registrant Name
EntityRegistrantName
SoFi Technologies, Inc.
dei Entity Incorporation State Country Code
EntityIncorporationStateCountryCode
DE
dei Entity Current Reporting Status
EntityCurrentReportingStatus
Yes
dei Entity Interactive Data Current
EntityInteractiveDataCurrent
Yes
dei Entity Tax Identification Number
EntityTaxIdentificationNumber
98-1547291
dei Entity Address Address Line1
EntityAddressAddressLine1
234 1st Street
dei Entity Address City Or Town
EntityAddressCityOrTown
San Francisco
dei Entity Address State Or Province
EntityAddressStateOrProvince
CA
dei Entity Address Postal Zip Code
EntityAddressPostalZipCode
94105
dei City Area Code
CityAreaCode
855
dei Local Phone Number
LocalPhoneNumber
456-7634
dei Entity Filer Category
EntityFilerCategory
Non-accelerated Filer
dei Entity Small Business
EntitySmallBusiness
false
dei Entity Emerging Growth Company
EntityEmergingGrowthCompany
false
dei Entity Shell Company
EntityShellCompany
false
CY2021Q4 dei Entity Common Stock Shares Outstanding
EntityCommonStockSharesOutstanding
806916607 shares
CY2021Q3 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
533523000 USD
CY2020Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
872582000 USD
CY2021Q3 us-gaap Restricted Cash And Cash Equivalents
RestrictedCashAndCashEquivalents
320705000 USD
CY2020Q4 us-gaap Temporary Equity Shares Authorized
TemporaryEquitySharesAuthorized
570562965 shares
CY2020Q4 us-gaap Restricted Cash And Cash Equivalents
RestrictedCashAndCashEquivalents
450846000 USD
CY2021Q3 us-gaap Debt Securities Available For Sale Amortized Cost Excluding Accrued Interest After Allowance For Credit Loss
DebtSecuritiesAvailableForSaleAmortizedCostExcludingAccruedInterestAfterAllowanceForCreditLoss
196956000 USD
CY2020Q4 us-gaap Debt Securities Available For Sale Amortized Cost Excluding Accrued Interest After Allowance For Credit Loss
DebtSecuritiesAvailableForSaleAmortizedCostExcludingAccruedInterestAfterAllowanceForCreditLoss
0 USD
CY2021Q3 us-gaap Available For Sale Securities Debt Securities
AvailableForSaleSecuritiesDebtSecurities
197203000 USD
CY2020Q4 us-gaap Available For Sale Securities Debt Securities
AvailableForSaleSecuritiesDebtSecurities
0 USD
CY2021Q3 us-gaap Financing Receivable Allowance For Credit Loss Excluding Accrued Interest
FinancingReceivableAllowanceForCreditLossExcludingAccruedInterest
3000000 USD
CY2020Q4 us-gaap Financing Receivable Allowance For Credit Loss Excluding Accrued Interest
FinancingReceivableAllowanceForCreditLossExcludingAccruedInterest
219000 USD
CY2021Q3 us-gaap Notes Receivable Net
NotesReceivableNet
4865558000 USD
CY2020Q4 us-gaap Notes Receivable Net
NotesReceivableNet
4879303000 USD
CY2021Q3 us-gaap Servicing Asset At Fair Value Amount
ServicingAssetAtFairValueAmount
163474000 USD
CY2020Q4 us-gaap Servicing Asset At Fair Value Amount
ServicingAssetAtFairValueAmount
149597000 USD
CY2021Q3 us-gaap Interests Continued To Be Held By Transferor Fair Value
InterestsContinuedToBeHeldByTransferorFairValue
392058000 USD
CY2020Q4 us-gaap Interests Continued To Be Held By Transferor Fair Value
InterestsContinuedToBeHeldByTransferorFairValue
496935000 USD
CY2021Q3 us-gaap Equity Method Investments
EquityMethodInvestments
19979000 USD
CY2020Q4 us-gaap Equity Method Investments
EquityMethodInvestments
107534000 USD
CY2021Q3 us-gaap Property Plant And Equipment And Finance Lease Right Of Use Asset After Accumulated Depreciation And Amortization
PropertyPlantAndEquipmentAndFinanceLeaseRightOfUseAssetAfterAccumulatedDepreciationAndAmortization
99260000 USD
CY2020Q4 us-gaap Property Plant And Equipment And Finance Lease Right Of Use Asset After Accumulated Depreciation And Amortization
PropertyPlantAndEquipmentAndFinanceLeaseRightOfUseAssetAfterAccumulatedDepreciationAndAmortization
81489000 USD
CY2021Q3 us-gaap Goodwill
Goodwill
898527000 USD
CY2020Q4 us-gaap Goodwill
Goodwill
899270000 USD
CY2021Q3 us-gaap Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
301191000 USD
CY2020Q4 us-gaap Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
355086000 USD
CY2021Q3 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
117748000 USD
CY2020Q4 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
116858000 USD
CY2021Q3 us-gaap Due From Related Parties
DueFromRelatedParties
0 USD
CY2020Q4 us-gaap Due From Related Parties
DueFromRelatedParties
17923000 USD
CY2021Q3 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
1959000 USD
CY2020Q4 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
562000 USD
CY2021Q3 us-gaap Other Assets
OtherAssets
174098000 USD
CY2020Q4 us-gaap Other Assets
OtherAssets
136076000 USD
CY2021Q3 us-gaap Assets
Assets
8083324000 USD
CY2020Q4 us-gaap Assets
Assets
8563499000 USD
CY2021Q3 us-gaap Accounts Payable And Accrued Liabilities Current And Noncurrent
AccountsPayableAndAccruedLiabilitiesCurrentAndNoncurrent
325456000 USD
CY2021Q3 us-gaap Temporary Equity Shares Authorized
TemporaryEquitySharesAuthorized
100000000 shares
CY2021Q3 us-gaap Commitments And Contingencies
CommitmentsAndContingencies
USD
CY2020Q4 us-gaap Commitments And Contingencies
CommitmentsAndContingencies
USD
CY2020Q4 us-gaap Accounts Payable And Accrued Liabilities Current And Noncurrent
AccountsPayableAndAccruedLiabilitiesCurrentAndNoncurrent
412950000 USD
CY2021Q3 us-gaap Operating Lease Liability
OperatingLeaseLiability
139903000 USD
CY2020Q4 us-gaap Operating Lease Liability
OperatingLeaseLiability
139796000 USD
CY2021Q3 us-gaap Debt Longterm And Shortterm Combined Amount
DebtLongtermAndShorttermCombinedAmount
2770226000 USD
CY2020Q4 us-gaap Debt Longterm And Shortterm Combined Amount
DebtLongtermAndShorttermCombinedAmount
4798925000 USD
CY2021Q3 us-gaap Beneficial Interest
BeneficialInterest
103898000 USD
CY2020Q4 us-gaap Beneficial Interest
BeneficialInterest
118298000 USD
CY2021Q3 sofi Warrant Liability
WarrantLiability
174938000 USD
CY2020Q4 sofi Warrant Liability
WarrantLiability
39959000 USD
CY2021Q3 us-gaap Liabilities
Liabilities
3514421000 USD
CY2020Q4 us-gaap Liabilities
Liabilities
5509928000 USD
CY2021Q3 us-gaap Temporary Equity Par Or Stated Value Per Share
TemporaryEquityParOrStatedValuePerShare
0.00
CY2020Q4 us-gaap Temporary Equity Par Or Stated Value Per Share
TemporaryEquityParOrStatedValuePerShare
0.00
CY2021Q3 us-gaap Temporary Equity Shares Outstanding
TemporaryEquitySharesOutstanding
3234000 shares
CY2021Q3 us-gaap Temporary Equity Shares Issued
TemporaryEquitySharesIssued
3234000 shares
CY2020Q4 us-gaap Temporary Equity Shares Issued
TemporaryEquitySharesIssued
469150522 shares
CY2020Q4 us-gaap Temporary Equity Shares Outstanding
TemporaryEquitySharesOutstanding
469150522 shares
CY2021Q3 us-gaap Temporary Equity Carrying Amount Attributable To Parent
TemporaryEquityCarryingAmountAttributableToParent
320374000 USD
CY2020Q4 us-gaap Temporary Equity Carrying Amount Attributable To Parent
TemporaryEquityCarryingAmountAttributableToParent
3173686000 USD
CY2021Q3 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.00
CY2020Q4 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.00
CY2021Q3 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
3100000000 shares
CY2020Q4 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
789167056 shares
CY2021Q3 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
805667914 shares
CY2021Q3 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
805667914 shares
CY2020Q4 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
115084358 shares
CY2020Q4 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
115084358 shares
CY2021Q3 us-gaap Common Stock Value
CommonStockValue
80000 USD
CY2020Q4 us-gaap Common Stock Value
CommonStockValue
0 USD
CY2021Q3 us-gaap Additional Paid In Capital
AdditionalPaidInCapital
5321009000 USD
CY2020Q4 us-gaap Additional Paid In Capital
AdditionalPaidInCapital
579228000 USD
CY2021Q3 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
-458000 USD
CY2020Q4 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
-166000 USD
CY2021Q3 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
-1072102000 USD
CY2020Q4 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
-699177000 USD
CY2021Q3 us-gaap Stockholders Equity
StockholdersEquity
4248529000 USD
CY2020Q4 us-gaap Stockholders Equity
StockholdersEquity
-120115000 USD
CY2021Q3 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
8083324000 USD
CY2020Q4 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
8563499000 USD
CY2021Q3 us-gaap Loans Receivable Fair Value Disclosure
LoansReceivableFairValueDisclosure
4793546000 USD
CY2020Q4 us-gaap Loans Receivable Fair Value Disclosure
LoansReceivableFairValueDisclosure
4859068000 USD
CY2021Q3 us-gaap Temporary Equity Aggregate Amount Of Redemption Requirement
TemporaryEquityAggregateAmountOfRedemptionRequirement
323400000 USD
CY2020Q4 us-gaap Temporary Equity Aggregate Amount Of Redemption Requirement
TemporaryEquityAggregateAmountOfRedemptionRequirement
3210470000 USD
CY2021Q3 us-gaap Interest And Fee Income Loans And Leases
InterestAndFeeIncomeLoansAndLeases
89844000 USD
CY2020Q3 us-gaap Interest And Fee Income Loans And Leases
InterestAndFeeIncomeLoansAndLeases
81130000 USD
us-gaap Interest And Fee Income Loans And Leases
InterestAndFeeIncomeLoansAndLeases
246743000 USD
us-gaap Interest And Fee Income Loans And Leases
InterestAndFeeIncomeLoansAndLeases
244731000 USD
CY2021Q3 sofi Interest Income Securitizations
InterestIncomeSecuritizations
2999000 USD
CY2020Q3 sofi Interest Income Securitizations
InterestIncomeSecuritizations
5337000 USD
sofi Interest Income Securitizations
InterestIncomeSecuritizations
11260000 USD
sofi Interest Income Securitizations
InterestIncomeSecuritizations
18898000 USD
CY2021Q3 us-gaap Interest Income Related Party
InterestIncomeRelatedParty
0 USD
CY2020Q3 us-gaap Interest Income Related Party
InterestIncomeRelatedParty
778000 USD
us-gaap Interest Income Related Party
InterestIncomeRelatedParty
211000 USD
us-gaap Interest Income Related Party
InterestIncomeRelatedParty
2709000 USD
CY2021Q3 us-gaap Interest Income Other
InterestIncomeOther
758000 USD
CY2020Q3 us-gaap Interest Income Other
InterestIncomeOther
872000 USD
us-gaap Interest Income Other
InterestIncomeOther
2023000 USD
us-gaap Interest Income Other
InterestIncomeOther
5126000 USD
CY2021Q3 us-gaap Interest Income Operating
InterestIncomeOperating
93601000 USD
CY2020Q3 us-gaap Interest Income Operating
InterestIncomeOperating
88117000 USD
us-gaap Interest Income Operating
InterestIncomeOperating
260237000 USD
CY2021Q3 us-gaap Interest Income Expense Net
InterestIncomeExpenseNet
72375000 USD
us-gaap Interest Income Operating
InterestIncomeOperating
271464000 USD
CY2021Q3 sofi Interest Expense Securitizations And Warehouses
InterestExpenseSecuritizationsAndWarehouses
19360000 USD
CY2020Q3 sofi Interest Expense Securitizations And Warehouses
InterestExpenseSecuritizationsAndWarehouses
34280000 USD
sofi Interest Expense Securitizations And Warehouses
InterestExpenseSecuritizationsAndWarehouses
75418000 USD
sofi Interest Expense Securitizations And Warehouses
InterestExpenseSecuritizationsAndWarehouses
121481000 USD
CY2021Q3 us-gaap Interest Expense Borrowings
InterestExpenseBorrowings
1366000 USD
CY2020Q3 us-gaap Interest Expense Borrowings
InterestExpenseBorrowings
4345000 USD
us-gaap Interest Expense Borrowings
InterestExpenseBorrowings
7752000 USD
us-gaap Interest Expense Borrowings
InterestExpenseBorrowings
8849000 USD
CY2021Q3 us-gaap Interest Expense Other
InterestExpenseOther
500000 USD
CY2020Q3 us-gaap Interest Expense Other
InterestExpenseOther
280000 USD
us-gaap Interest Expense Other
InterestExpenseOther
1400000 USD
us-gaap Interest Expense Other
InterestExpenseOther
2026000 USD
CY2021Q3 us-gaap Interest Expense
InterestExpense
21226000 USD
CY2020Q3 us-gaap Interest Expense
InterestExpense
38905000 USD
us-gaap Interest Expense
InterestExpense
84570000 USD
us-gaap Interest Expense
InterestExpense
132356000 USD
CY2020Q3 us-gaap Interest Income Expense Net
InterestIncomeExpenseNet
49212000 USD
us-gaap Interest Income Expense Net
InterestIncomeExpenseNet
175667000 USD
us-gaap Interest Income Expense Net
InterestIncomeExpenseNet
139108000 USD
CY2021Q3 sofi Noninterest Income Loan Originations And Sales
NoninterestIncomeLoanOriginationsAndSales
142147000 USD
CY2020Q3 sofi Noninterest Income Loan Originations And Sales
NoninterestIncomeLoanOriginationsAndSales
103869000 USD
sofi Noninterest Income Loan Originations And Sales
NoninterestIncomeLoanOriginationsAndSales
362211000 USD
sofi Noninterest Income Loan Originations And Sales
NoninterestIncomeLoanOriginationsAndSales
271082000 USD
CY2021Q3 us-gaap Gain Loss On Securitization Of Financial Assets
GainLossOnSecuritizationOfFinancialAssets
-4551000 USD
CY2020Q3 us-gaap Gain Loss On Securitization Of Financial Assets
GainLossOnSecuritizationOfFinancialAssets
12752000 USD
us-gaap Gain Loss On Securitization Of Financial Assets
GainLossOnSecuritizationOfFinancialAssets
-6613000 USD
us-gaap Gain Loss On Securitization Of Financial Assets
GainLossOnSecuritizationOfFinancialAssets
-63002000 USD
CY2021Q3 sofi Noninterest Income Servicing
NoninterestIncomeServicing
458000 USD
CY2020Q3 sofi Noninterest Income Servicing
NoninterestIncomeServicing
-6637000 USD
sofi Noninterest Income Servicing
NoninterestIncomeServicing
-11875000 USD
sofi Noninterest Income Servicing
NoninterestIncomeServicing
-18298000 USD
CY2021Q3 sofi Revenue From Contract With Customer Excluding Assessed Tax Technology Platform Fees
RevenueFromContractWithCustomerExcludingAssessedTaxTechnologyPlatformFees
49951000 USD
CY2020Q3 sofi Revenue From Contract With Customer Excluding Assessed Tax Technology Platform Fees
RevenueFromContractWithCustomerExcludingAssessedTaxTechnologyPlatformFees
35405000 USD
sofi Revenue From Contract With Customer Excluding Assessed Tax Technology Platform Fees
RevenueFromContractWithCustomerExcludingAssessedTaxTechnologyPlatformFees
140560000 USD
sofi Revenue From Contract With Customer Excluding Assessed Tax Technology Platform Fees
RevenueFromContractWithCustomerExcludingAssessedTaxTechnologyPlatformFees
51607000 USD
CY2021Q3 us-gaap Noninterest Income Other
NoninterestIncomeOther
11626000 USD
CY2020Q3 us-gaap Noninterest Income Other
NoninterestIncomeOther
6186000 USD
us-gaap Noninterest Income Other
NoninterestIncomeOther
39314000 USD
us-gaap Noninterest Income Other
NoninterestIncomeOther
13544000 USD
CY2021Q3 us-gaap Noninterest Income
NoninterestIncome
199631000 USD
CY2020Q3 us-gaap Noninterest Income
NoninterestIncome
151575000 USD
us-gaap Noninterest Income
NoninterestIncome
523597000 USD
us-gaap Noninterest Income
NoninterestIncome
254933000 USD
CY2021Q3 us-gaap Revenues Net Of Interest Expense
RevenuesNetOfInterestExpense
272006000 USD
CY2020Q3 us-gaap Revenues Net Of Interest Expense
RevenuesNetOfInterestExpense
200787000 USD
us-gaap Revenues Net Of Interest Expense
RevenuesNetOfInterestExpense
699264000 USD
us-gaap Revenues Net Of Interest Expense
RevenuesNetOfInterestExpense
394041000 USD
CY2021Q3 us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
74434000 USD
CY2020Q3 us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
55428000 USD
us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
209771000 USD
us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
143432000 USD
CY2021Q3 us-gaap Selling And Marketing Expense
SellingAndMarketingExpense
114985000 USD
CY2020Q3 us-gaap Selling And Marketing Expense
SellingAndMarketingExpense
77458000 USD
us-gaap Selling And Marketing Expense
SellingAndMarketingExpense
297170000 USD
us-gaap Selling And Marketing Expense
SellingAndMarketingExpense
204395000 USD
CY2021Q3 us-gaap Cost Of Revenue
CostOfRevenue
69591000 USD
CY2020Q3 us-gaap Cost Of Revenue
CostOfRevenue
51821000 USD
us-gaap Cost Of Revenue
CostOfRevenue
187785000 USD
us-gaap Cost Of Revenue
CostOfRevenue
125886000 USD
CY2021Q3 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
40461000 USD
CY2020Q3 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
58766000 USD
us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
373374000 USD
us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
161284000 USD
CY2021Q3 us-gaap Financing Receivable Change In Present Value Expense Reversal
FinancingReceivableChangeInPresentValueExpenseReversal
2401000 USD
CY2020Q3 us-gaap Financing Receivable Change In Present Value Expense Reversal
FinancingReceivableChangeInPresentValueExpenseReversal
0 USD
us-gaap Financing Receivable Change In Present Value Expense Reversal
FinancingReceivableChangeInPresentValueExpenseReversal
2887000 USD
us-gaap Financing Receivable Change In Present Value Expense Reversal
FinancingReceivableChangeInPresentValueExpenseReversal
0 USD
CY2021Q3 us-gaap Noninterest Expense
NoninterestExpense
301872000 USD
CY2020Q3 us-gaap Noninterest Expense
NoninterestExpense
243473000 USD
us-gaap Noninterest Expense
NoninterestExpense
1070987000 USD
us-gaap Noninterest Expense
NoninterestExpense
634997000 USD
CY2021Q3 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
-29866000 USD
CY2020Q3 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
-42686000 USD
us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
-371723000 USD
us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
-240956000 USD
CY2021Q3 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
181000 USD
CY2020Q3 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
192000 USD
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
1202000 USD
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
-99519000 USD
CY2021Q3 us-gaap Net Income Loss
NetIncomeLoss
-30047000 USD
CY2020Q3 us-gaap Net Income Loss
NetIncomeLoss
-42878000 USD
us-gaap Net Income Loss
NetIncomeLoss
-372925000 USD
us-gaap Net Income Loss
NetIncomeLoss
-141437000 USD
CY2021Q3 us-gaap Other Comprehensive Income Availableforsale Securities Adjustment Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeAvailableforsaleSecuritiesAdjustmentNetOfTaxPortionAttributableToParent
-150000 USD
CY2020Q3 us-gaap Other Comprehensive Income Availableforsale Securities Adjustment Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeAvailableforsaleSecuritiesAdjustmentNetOfTaxPortionAttributableToParent
0 USD
us-gaap Other Comprehensive Income Availableforsale Securities Adjustment Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeAvailableforsaleSecuritiesAdjustmentNetOfTaxPortionAttributableToParent
-150000 USD
us-gaap Other Comprehensive Income Availableforsale Securities Adjustment Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeAvailableforsaleSecuritiesAdjustmentNetOfTaxPortionAttributableToParent
0 USD
CY2021Q3 us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent
204000 USD
CY2020Q3 us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent
24000 USD
us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent
-142000 USD
us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent
-19000 USD
CY2021Q3 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
54000 USD
CY2020Q3 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
24000 USD
us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
-292000 USD
us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
-19000 USD
CY2021Q3 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
-29993000 USD
CY2020Q3 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
-42854000 USD
us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
-373217000 USD
us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
-141456000 USD
CY2021Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.05
CY2020Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.70
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.94
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-2.38
CY2021Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.05
CY2020Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.70
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.94
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-2.38
CY2021Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
800565830 shares
CY2020Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
75320032 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
429750486 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
72296724 shares
CY2021Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
800565830 shares
CY2020Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
75320032 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
429750486 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
72296724 shares
CY2021Q2 us-gaap Stockholders Equity
StockholdersEquity
4207390000 USD
CY2021Q2 us-gaap Temporary Equity Shares Outstanding
TemporaryEquitySharesOutstanding
3234000 shares
CY2021Q2 us-gaap Temporary Equity Carrying Amount Attributable To Parent
TemporaryEquityCarryingAmountAttributableToParent
320374000 USD
CY2021Q3 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
72681000 USD
CY2021Q3 us-gaap Stock Issued During Period Value Restricted Stock Award Gross
StockIssuedDuringPeriodValueRestrictedStockAwardGross
0 USD
CY2021Q3 us-gaap Adjustments Related To Tax Withholding For Share Based Compensation
AdjustmentsRelatedToTaxWithholdingForShareBasedCompensation
8637000 USD
CY2021Q3 us-gaap Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
17277000 USD
CY2021Q3 us-gaap Redeemable Preferred Stock Dividends
RedeemablePreferredStockDividends
10189000 USD
CY2021Q3 us-gaap Net Income Loss
NetIncomeLoss
-30047000 USD
CY2021Q3 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
54000 USD
CY2021Q3 us-gaap Stockholders Equity
StockholdersEquity
4248529000 USD
CY2021Q3 us-gaap Temporary Equity Shares Outstanding
TemporaryEquitySharesOutstanding
3234000 shares
CY2021Q3 us-gaap Temporary Equity Carrying Amount Attributable To Parent
TemporaryEquityCarryingAmountAttributableToParent
320374000 USD
CY2020Q4 us-gaap Stockholders Equity
StockholdersEquity
-120115000 USD
CY2020Q4 us-gaap Temporary Equity Shares Outstanding
TemporaryEquitySharesOutstanding
469150522 shares
CY2020Q4 us-gaap Temporary Equity Carrying Amount Attributable To Parent
TemporaryEquityCarryingAmountAttributableToParent
3173686000 USD
us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
162289000 USD
us-gaap Stock Issued During Period Value Restricted Stock Award Gross
StockIssuedDuringPeriodValueRestrictedStockAwardGross
0 USD
us-gaap Adjustments Related To Tax Withholding For Share Based Compensation
AdjustmentsRelatedToTaxWithholdingForShareBasedCompensation
37240000 USD
us-gaap Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
20642000 USD
us-gaap Redeemable Preferred Stock Dividends
RedeemablePreferredStockDividends
30236000 USD
sofi Temporary Equity Cancellations Shares
TemporaryEquityCancellationsShares
83856 shares
sofi Temporary Equity Cancellations Value
TemporaryEquityCancellationsValue
743000 USD
us-gaap Adjustments To Additional Paid In Capital Warrant Issued
AdjustmentsToAdditionalPaidInCapitalWarrantIssued
161775000 USD
us-gaap Stock Issued During Period Value Conversion Of Convertible Securities
StockIssuedDuringPeriodValueConversionOfConvertibleSecurities
2702569000 USD
sofi Temporary Equity Stock Issued During Period Shares Conversion Of Units
TemporaryEquityStockIssuedDuringPeriodSharesConversionOfUnits
450832666 shares
sofi Temporary Equity Stock Issued During Period Value Conversion Of Units
TemporaryEquityStockIssuedDuringPeriodValueConversionOfUnits
2702569000 USD
sofi Stock Issued During Period Value Reverse Recapitalization
StockIssuedDuringPeriodValueReverseRecapitalization
1789601000 USD
sofi Adjustments To Additional Paid In Capital Stock Issued In Reverse Recapitalization Issuance Costs
AdjustmentsToAdditionalPaidInCapitalStockIssuedInReverseRecapitalizationIssuanceCosts
27539000 USD
sofi Temporary Equity Shares Repurchase Of Redeemable Common Stock
TemporaryEquitySharesRepurchaseOfRedeemableCommonStock
15000000 shares
sofi Temporary Equity Value Repurchase Of Redeemable Common Stock
TemporaryEquityValueRepurchaseOfRedeemableCommonStock
150000000 USD
sofi Adjustments To Additional Paid In Capital Common Stock Par Value
AdjustmentsToAdditionalPaidInCapitalCommonStockParValue
0 USD
us-gaap Net Income Loss
NetIncomeLoss
-372925000 USD
us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
-292000 USD
CY2021Q3 us-gaap Stockholders Equity
StockholdersEquity
4248529000 USD
CY2021Q3 us-gaap Temporary Equity Shares Outstanding
TemporaryEquitySharesOutstanding
3234000 shares
CY2021Q3 us-gaap Temporary Equity Carrying Amount Attributable To Parent
TemporaryEquityCarryingAmountAttributableToParent
320374000 USD
CY2020Q2 us-gaap Stockholders Equity
StockholdersEquity
-352513000 USD
CY2020Q2 us-gaap Temporary Equity Shares Outstanding
TemporaryEquitySharesOutstanding
496091785 shares
CY2020Q2 us-gaap Temporary Equity Carrying Amount Attributable To Parent
TemporaryEquityCarryingAmountAttributableToParent
3253887000 USD
CY2020Q3 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
26551000 USD
CY2020Q3 us-gaap Adjustments Related To Tax Withholding For Share Based Compensation
AdjustmentsRelatedToTaxWithholdingForShareBasedCompensation
8857000 USD
CY2020Q3 us-gaap Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
1432000 USD
CY2020Q3 us-gaap Redeemable Preferred Stock Dividends
RedeemablePreferredStockDividends
10189000 USD
CY2020Q3 sofi Adjustments To Additional Paid In Capital Note Receivable To Shareholder
AdjustmentsToAdditionalPaidInCapitalNoteReceivableToShareholder
332000 USD
CY2020Q3 sofi Adjustments To Additional Paid In Capital Note Receivable Payments From Stockholders
AdjustmentsToAdditionalPaidInCapitalNoteReceivablePaymentsFromStockholders
6494000 USD
CY2020Q3 us-gaap Net Income Loss
NetIncomeLoss
-42878000 USD
CY2020Q3 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
24000 USD
CY2020Q3 us-gaap Stockholders Equity
StockholdersEquity
-380268000 USD
CY2020Q3 us-gaap Temporary Equity Shares Outstanding
TemporaryEquitySharesOutstanding
496091785 shares
CY2020Q3 us-gaap Temporary Equity Carrying Amount Attributable To Parent
TemporaryEquityCarryingAmountAttributableToParent
3253887000 USD
CY2019Q4 us-gaap Stockholders Equity
StockholdersEquity
-339062000 USD
CY2019Q4 us-gaap Temporary Equity Shares Outstanding
TemporaryEquitySharesOutstanding
404170765 shares
CY2019Q4 us-gaap Temporary Equity Carrying Amount Attributable To Parent
TemporaryEquityCarryingAmountAttributableToParent
2439731000 USD
us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
69781000 USD
us-gaap Stock Issued During Period Value Issued For Services
StockIssuedDuringPeriodValueIssuedForServices
908000 USD
us-gaap Adjustments Related To Tax Withholding For Share Based Compensation
AdjustmentsRelatedToTaxWithholdingForShareBasedCompensation
21485000 USD
us-gaap Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
1847000 USD
sofi Adjustments To Additional Paid In Capital Stock Options Vested And Assumed In Acquisition
AdjustmentsToAdditionalPaidInCapitalStockOptionsVestedAndAssumedInAcquisition
32197000 USD
us-gaap Stock Repurchased During Period Value
StockRepurchasedDuringPeriodValue
40000 USD
us-gaap Redeemable Preferred Stock Dividends
RedeemablePreferredStockDividends
30346000 USD
sofi Adjustments To Additional Paid In Capital Note Receivable To Shareholder
AdjustmentsToAdditionalPaidInCapitalNoteReceivableToShareholder
1671000 USD
sofi Adjustments To Additional Paid In Capital Note Receivable Payments From Stockholders
AdjustmentsToAdditionalPaidInCapitalNoteReceivablePaymentsFromStockholders
33494000 USD
sofi Temporary Equity Stock Issued During Period Shares New Issues
TemporaryEquityStockIssuedDuringPeriodSharesNewIssues
91921020 shares
us-gaap Temporary Equity Stock Issued During Period Value New Issues
TemporaryEquityStockIssuedDuringPeriodValueNewIssues
814156000 USD
us-gaap Stock Issued During Period Value Acquisitions
StockIssuedDuringPeriodValueAcquisitions
15565000 USD
us-gaap Net Income Loss
NetIncomeLoss
-141437000 USD
us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
-19000 USD
CY2020Q3 us-gaap Stockholders Equity
StockholdersEquity
-380268000 USD
CY2020Q3 us-gaap Temporary Equity Shares Outstanding
TemporaryEquitySharesOutstanding
496091785 shares
CY2020Q3 us-gaap Temporary Equity Carrying Amount Attributable To Parent
TemporaryEquityCarryingAmountAttributableToParent
3253887000 USD
us-gaap Net Income Loss
NetIncomeLoss
-372925000 USD
us-gaap Net Income Loss
NetIncomeLoss
-141437000 USD
us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
75041000 USD
us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
44346000 USD
us-gaap Amortization Of Financing Costs And Discounts
AmortizationOfFinancingCostsAndDiscounts
14228000 USD
us-gaap Amortization Of Financing Costs And Discounts
AmortizationOfFinancingCostsAndDiscounts
22893000 USD
us-gaap Share Based Compensation
ShareBasedCompensation
162289000 USD
us-gaap Share Based Compensation
ShareBasedCompensation
69781000 USD
us-gaap Issuance Of Stock And Warrants For Services Or Claims
IssuanceOfStockAndWarrantsForServicesOrClaims
0 USD
us-gaap Issuance Of Stock And Warrants For Services Or Claims
IssuanceOfStockAndWarrantsForServicesOrClaims
908000 USD
us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
699000 USD
us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
-99551000 USD
us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
-21000 USD
us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
6508000 USD
us-gaap Increase Decrease In Other Loans
IncreaseDecreaseInOtherLoans
36010000 USD
sofi Increase Decrease In Servicing Assets From Securitization
IncreaseDecreaseInServicingAssetsFromSecuritization
13877000 USD
sofi Increase Decrease In Servicing Assets From Securitization
IncreaseDecreaseInServicingAssetsFromSecuritization
-43970000 USD
sofi Increase Decrease In Related Party Notes Receivable Interest Income
IncreaseDecreaseInRelatedPartyNotesReceivableInterestIncome
-1399000 USD
sofi Increase Decrease In Related Party Notes Receivable Interest Income
IncreaseDecreaseInRelatedPartyNotesReceivableInterestIncome
-65000 USD
us-gaap Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
26883000 USD
us-gaap Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
17495000 USD
us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
18037000 USD
us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
43025000 USD
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-113928000 USD
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-484515000 USD
us-gaap Payments To Acquire Productive Assets
PaymentsToAcquireProductiveAssets
38445000 USD
us-gaap Payments To Acquire Productive Assets
PaymentsToAcquireProductiveAssets
17617000 USD
us-gaap Payments To Fund Longterm Loans To Related Parties
PaymentsToFundLongtermLoansToRelatedParties
0 USD
us-gaap Payments To Fund Longterm Loans To Related Parties
PaymentsToFundLongtermLoansToRelatedParties
7643000 USD
us-gaap Proceeds From Collection Of Longterm Loans To Related Parties
ProceedsFromCollectionOfLongtermLoansToRelatedParties
16693000 USD
us-gaap Proceeds From Collection Of Longterm Loans To Related Parties
ProceedsFromCollectionOfLongtermLoansToRelatedParties
0 USD
us-gaap Proceeds From Sale And Maturity Of Available For Sale Securities
ProceedsFromSaleAndMaturityOfAvailableForSaleSecurities
15789000 USD
us-gaap Accretion Expense
AccretionExpense
0 USD
us-gaap Accretion Expense
AccretionExpense
4556000 USD
sofi Fair Value Adjustment Of Residual Interests Classified As Debt
FairValueAdjustmentOfResidualInterestsClassifiedAsDebt
19261000 USD
sofi Fair Value Adjustment Of Residual Interests Classified As Debt
FairValueAdjustmentOfResidualInterestsClassifiedAsDebt
28815000 USD
sofi Fair Value Adjustment Of Securitization Of Loans Held For Investment
FairValueAdjustmentOfSecuritizationOfLoansHeldForInvestment
7106000 USD
sofi Fair Value Adjustment Of Securitization Of Loans Held For Investment
FairValueAdjustmentOfSecuritizationOfLoansHeldForInvestment
11402000 USD
us-gaap Fair Value Adjustment Of Warrants
FairValueAdjustmentOfWarrants
96504000 USD
us-gaap Fair Value Adjustment Of Warrants
FairValueAdjustmentOfWarrants
6371000 USD
sofi Fair Value Adjustment Of Related Party Notes Receivable
FairValueAdjustmentOfRelatedPartyNotesReceivable
-169000 USD
sofi Fair Value Adjustment Of Related Party Notes Receivable
FairValueAdjustmentOfRelatedPartyNotesReceivable
319000 USD
us-gaap Other Noncash Income Expense
OtherNoncashIncomeExpense
4240000 USD
us-gaap Other Noncash Income Expense
OtherNoncashIncomeExpense
-803000 USD
us-gaap Payments For Origination And Purchases Of Loans Held For Sale
PaymentsForOriginationAndPurchasesOfLoansHeldForSale
9375583000 USD
us-gaap Payments For Origination And Purchases Of Loans Held For Sale
PaymentsForOriginationAndPurchasesOfLoansHeldForSale
8081253000 USD
us-gaap Proceeds From Sale And Collection Of Loans Heldforsale
ProceedsFromSaleAndCollectionOfLoansHeldforsale
9297238000 USD
us-gaap Proceeds From Sale And Collection Of Loans Heldforsale
ProceedsFromSaleAndCollectionOfLoansHeldforsale
7643289000 USD
us-gaap Increase Decrease In Other Loans
IncreaseDecreaseInOtherLoans
-2138000 USD
us-gaap Proceeds From Sale And Maturity Of Available For Sale Securities
ProceedsFromSaleAndMaturityOfAvailableForSaleSecurities
0 USD
us-gaap Payments To Acquire Available For Sale Securities Debt
PaymentsToAcquireAvailableForSaleSecuritiesDebt
205128000 USD
us-gaap Payments To Acquire Available For Sale Securities Debt
PaymentsToAcquireAvailableForSaleSecuritiesDebt
0 USD
us-gaap Proceeds From Sale And Maturity Of Other Investments
ProceedsFromSaleAndMaturityOfOtherInvestments
109534000 USD
us-gaap Proceeds From Sale And Maturity Of Other Investments
ProceedsFromSaleAndMaturityOfOtherInvestments
974000 USD
us-gaap Payments To Acquire Other Investments
PaymentsToAcquireOtherInvestments
20000000 USD
us-gaap Payments To Acquire Other Investments
PaymentsToAcquireOtherInvestments
145000 USD
sofi Proceeds From Receipts From Securitization Investments
ProceedsFromReceiptsFromSecuritizationInvestments
201093000 USD
sofi Proceeds From Receipts From Securitization Investments
ProceedsFromReceiptsFromSecuritizationInvestments
245087000 USD
us-gaap Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
0 USD
us-gaap Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
32392000 USD
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
79536000 USD
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
188264000 USD
us-gaap Proceeds From Issuance Of Long Term Debt
ProceedsFromIssuanceOfLongTermDebt
6296901000 USD
us-gaap Proceeds From Issuance Of Long Term Debt
ProceedsFromIssuanceOfLongTermDebt
8134412000 USD
us-gaap Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
8368904000 USD
us-gaap Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
7719848000 USD
us-gaap Payments Of Debt Issuance Costs
PaymentsOfDebtIssuanceCosts
5136000 USD
us-gaap Payments Of Debt Issuance Costs
PaymentsOfDebtIssuanceCosts
14115000 USD
us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
37240000 USD
us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
21485000 USD
us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
526000 USD
us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
40000 USD
sofi Payments For Repurchase Of Redeemable Common And Preferred Stock
PaymentsForRepurchaseOfRedeemableCommonAndPreferredStock
282859000 USD
sofi Payments For Repurchase Of Redeemable Common And Preferred Stock
PaymentsForRepurchaseOfRedeemableCommonAndPreferredStock
0 USD
sofi Proceeds From Reverse Recapitalization Transaction
ProceedsFromReverseRecapitalizationTransaction
1989851000 USD
sofi Proceeds From Reverse Recapitalization Transaction
ProceedsFromReverseRecapitalizationTransaction
0 USD
us-gaap Payments Of Stock Issuance Costs
PaymentsOfStockIssuanceCosts
26951000 USD
us-gaap Payments Of Stock Issuance Costs
PaymentsOfStockIssuanceCosts
0 USD
us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
20642000 USD
us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
1847000 USD
sofi Proceeds From Principal Repayments From Stockholder
ProceedsFromPrincipalRepaymentsFromStockholder
0 USD
sofi Proceeds From Principal Repayments From Stockholder
ProceedsFromPrincipalRepaymentsFromStockholder
30720000 USD
us-gaap Payments Of Dividends Preferred Stock And Preference Stock
PaymentsOfDividendsPreferredStockAndPreferenceStock
20047000 USD
us-gaap Payments Of Dividends Preferred Stock And Preference Stock
PaymentsOfDividendsPreferredStockAndPreferenceStock
20157000 USD
us-gaap Finance Lease Principal Payments
FinanceLeasePrincipalPayments
397000 USD
us-gaap Finance Lease Principal Payments
FinanceLeasePrincipalPayments
244000 USD
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-434666000 USD
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
391090000 USD
us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
-142000 USD
us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
-19000 USD
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-469200000 USD
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
94820000 USD
CY2020Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
1323428000 USD
CY2019Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
690206000 USD
CY2021Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
854228000 USD
CY2020Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
785026000 USD
CY2021Q3 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
533523000 USD
CY2020Q3 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
493047000 USD
CY2021Q3 us-gaap Restricted Cash And Cash Equivalents
RestrictedCashAndCashEquivalents
320705000 USD
CY2020Q3 us-gaap Restricted Cash And Cash Equivalents
RestrictedCashAndCashEquivalents
291979000 USD
CY2021Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
854228000 USD
CY2020Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
785026000 USD
sofi Securitization Investments Acquired From Loan Transfers
SecuritizationInvestmentsAcquiredFromLoanTransfers
89111000 USD
sofi Securitization Investments Acquired From Loan Transfers
SecuritizationInvestmentsAcquiredFromLoanTransfers
151768000 USD
us-gaap Noncash Or Part Noncash Acquisition Value Of Assets Acquired1
NoncashOrPartNoncashAcquisitionValueOfAssetsAcquired1
859000 USD
us-gaap Noncash Or Part Noncash Acquisition Value Of Assets Acquired1
NoncashOrPartNoncashAcquisitionValueOfAssetsAcquired1
0 USD
sofi Deconsolidation Of Residual Interests Classified As Debt
DeconsolidationOfResidualInterestsClassifiedAsDebt
0 USD
sofi Deconsolidation Of Residual Interests Classified As Debt
DeconsolidationOfResidualInterestsClassifiedAsDebt
101718000 USD
sofi Deconsolidation Of Securitization Debt
DeconsolidationOfSecuritizationDebt
0 USD
sofi Deconsolidation Of Securitization Debt
DeconsolidationOfSecuritizationDebt
770918000 USD
sofi Payments Of Reverse Recapitalization Issuance Costs
PaymentsOfReverseRecapitalizationIssuanceCosts
588000 USD
sofi Payments Of Reverse Recapitalization Issuance Costs
PaymentsOfReverseRecapitalizationIssuanceCosts
0 USD
sofi Noncash Or Part Cash Transaction Business Combination Reduction In Temporary Equity
NoncashOrPartCashTransactionBusinessCombinationReductionInTemporaryEquity
743000 USD
sofi Noncash Or Part Cash Transaction Business Combination Reduction In Temporary Equity
NoncashOrPartCashTransactionBusinessCombinationReductionInTemporaryEquity
0 USD
us-gaap Noncash Or Part Noncash Acquisition Value Of Liabilities Assumed1
NoncashOrPartNoncashAcquisitionValueOfLiabilitiesAssumed1
200250000 USD
us-gaap Noncash Or Part Noncash Acquisition Value Of Liabilities Assumed1
NoncashOrPartNoncashAcquisitionValueOfLiabilitiesAssumed1
0 USD
sofi Noncash Or Part Noncash Acquisition Noncash Financial Or Equity Instrument Consideration Conversion Of Warrant Liability To Common Stock Warrants
NoncashOrPartNoncashAcquisitionNoncashFinancialOrEquityInstrumentConsiderationConversionOfWarrantLiabilityToCommonStockWarrants
39959000 USD
sofi Noncash Or Part Noncash Acquisition Noncash Financial Or Equity Instrument Consideration Conversion Of Warrant Liability To Common Stock Warrants
NoncashOrPartNoncashAcquisitionNoncashFinancialOrEquityInstrumentConsiderationConversionOfWarrantLiabilityToCommonStockWarrants
0 USD
us-gaap Reclassifications Of Temporary To Permanent Equity
ReclassificationsOfTemporaryToPermanentEquity
2702569000 USD
us-gaap Reclassifications Of Temporary To Permanent Equity
ReclassificationsOfTemporaryToPermanentEquity
0 USD
us-gaap Notes Issued1
NotesIssued1
0 USD
us-gaap Notes Issued1
NotesIssued1
243998000 USD
sofi Noncash Or Part Noncash Acquisition Noncash Financial Or Equity Instrument Consideration Amount Of Redeemable Preferred Stock Issued
NoncashOrPartNoncashAcquisitionNoncashFinancialOrEquityInstrumentConsiderationAmountOfRedeemablePreferredStockIssued
0 USD
sofi Noncash Or Part Noncash Acquisition Noncash Financial Or Equity Instrument Consideration Amount Of Redeemable Preferred Stock Issued
NoncashOrPartNoncashAcquisitionNoncashFinancialOrEquityInstrumentConsiderationAmountOfRedeemablePreferredStockIssued
814156000 USD
sofi Noncash Or Part Noncash Acquisition Noncash Financial Or Equity Instrument Consideration Amount Of Common Stock Options Issued
NoncashOrPartNoncashAcquisitionNoncashFinancialOrEquityInstrumentConsiderationAmountOfCommonStockOptionsIssued
0 USD
sofi Noncash Or Part Noncash Acquisition Noncash Financial Or Equity Instrument Consideration Amount Of Common Stock Options Issued
NoncashOrPartNoncashAcquisitionNoncashFinancialOrEquityInstrumentConsiderationAmountOfCommonStockOptionsIssued
32197000 USD
us-gaap Stock Issued1
StockIssued1
0 USD
us-gaap Stock Issued1
StockIssued1
15565000 USD
us-gaap Right Of Use Asset Obtained In Exchange For Finance Lease Liability
RightOfUseAssetObtainedInExchangeForFinanceLeaseLiability
0 USD
us-gaap Right Of Use Asset Obtained In Exchange For Finance Lease Liability
RightOfUseAssetObtainedInExchangeForFinanceLeaseLiability
15100000 USD
us-gaap Noncash Or Part Noncash Acquisition Fixed Assets Acquired1
NoncashOrPartNoncashAcquisitionFixedAssetsAcquired1
0 USD
us-gaap Noncash Or Part Noncash Acquisition Fixed Assets Acquired1
NoncashOrPartNoncashAcquisitionFixedAssetsAcquired1
2026000 USD
us-gaap Noncash Or Part Noncash Acquisition Debt Assumed1
NoncashOrPartNoncashAcquisitionDebtAssumed1
0 USD
us-gaap Noncash Or Part Noncash Acquisition Debt Assumed1
NoncashOrPartNoncashAcquisitionDebtAssumed1
5832000 USD
sofi Redeemable Preferred Stock Dividends Accrued But Not Yet Paid
RedeemablePreferredStockDividendsAccruedButNotYetPaid
10189000 USD
sofi Redeemable Preferred Stock Dividends Accrued But Not Yet Paid
RedeemablePreferredStockDividendsAccruedButNotYetPaid
10189000 USD
us-gaap Noncash Or Part Noncash Acquisition Investments Acquired1
NoncashOrPartNoncashAcquisitionInvestmentsAcquired1
7712000 USD
us-gaap Noncash Or Part Noncash Acquisition Investments Acquired1
NoncashOrPartNoncashAcquisitionInvestmentsAcquired1
0 USD
us-gaap Debt Issuance Costs Incurred During Noncash Or Partial Noncash Transaction
DebtIssuanceCostsIncurredDuringNoncashOrPartialNoncashTransaction
850000 USD
us-gaap Debt Issuance Costs Incurred During Noncash Or Partial Noncash Transaction
DebtIssuanceCostsIncurredDuringNoncashOrPartialNoncashTransaction
1630000 USD
us-gaap Number Of Reportable Segments
NumberOfReportableSegments
3 segment
us-gaap Use Of Estimates
UseOfEstimates
The preparation of our unaudited condensed consolidated financial statements and related disclosures in conformity with GAAP requires management to make assumptions and estimates that affect the amounts reported in our unaudited condensed consolidated financial statements and accompanying notes. Management bases its estimates on historical experience and on various other factors it believes to be reasonable under the circumstances, the results of which form the basis for making judgments about the carrying values of our assets and liabilities. These judgments, assumptions and estimates include, but are not limited to, the following: (i) fair value measurements; (ii) stock-based compensation expense; (iii) consolidation of variable interest entities; and (iv) business combinations. These judgments, estimates and assumptions are inherently subjective in nature and, therefore, actual results may differ from our estimates and assumptions.
CY2021Q3 sofi Variable Interest Entity Consolidated Number Of Entities
VariableInterestEntityConsolidatedNumberOfEntities
13 entity
CY2020Q4 sofi Variable Interest Entity Consolidated Number Of Entities
VariableInterestEntityConsolidatedNumberOfEntities
15 entity
CY2021Q3 sofi Variable Interest Entity Consolidated Without Securitization Of Debt Number Of Entities
VariableInterestEntityConsolidatedWithoutSecuritizationOfDebtNumberOfEntities
1 entity
CY2020Q4 sofi Variable Interest Entity Consolidated Without Securitization Of Debt Number Of Entities
VariableInterestEntityConsolidatedWithoutSecuritizationOfDebtNumberOfEntities
1 entity
CY2021Q3 sofi Variable Interest Entity Ownership Percentage Threshold To Determine Significant Interest
VariableInterestEntityOwnershipPercentageThresholdToDetermineSignificantInterest
0.10
CY2021Q3 us-gaap Derivative Assets
DerivativeAssets
4554000 USD
CY2021Q3 us-gaap Derivative Liability Fair Value Gross Asset
DerivativeLiabilityFairValueGrossAsset
0 USD
CY2020Q4 us-gaap Derivative Liabilities
DerivativeLiabilities
2955000 USD
CY2020Q4 us-gaap Derivative Asset Fair Value Gross Liability
DerivativeAssetFairValueGrossLiability
0 USD
CY2021Q3 us-gaap Derivative Notional Amount
DerivativeNotionalAmount
4157979000 USD
CY2020Q4 us-gaap Derivative Notional Amount
DerivativeNotionalAmount
5876277000 USD
CY2021Q3 us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
492000 USD
us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
594000 USD
CY2021Q3 us-gaap Deferred Finance Costs Net
DeferredFinanceCostsNet
1745000 USD
CY2021Q3 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
61188000 USD
CY2020Q3 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
39006000 USD
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
176867000 USD
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
60174000 USD
CY2021Q3 us-gaap Deferred Revenue
DeferredRevenue
2496000 USD
CY2020Q4 us-gaap Deferred Revenue
DeferredRevenue
2520000 USD
CY2021Q3 us-gaap Contract With Customer Liability Revenue Recognized
ContractWithCustomerLiabilityRevenueRecognized
176000 USD
us-gaap Contract With Customer Liability Revenue Recognized
ContractWithCustomerLiabilityRevenueRecognized
514000 USD
CY2020Q3 us-gaap Contract With Customer Liability Revenue Recognized
ContractWithCustomerLiabilityRevenueRecognized
134000 USD
us-gaap Contract With Customer Liability Revenue Recognized
ContractWithCustomerLiabilityRevenueRecognized
210000 USD
CY2021Q3 us-gaap Capitalized Contract Cost Gross
CapitalizedContractCostGross
581000 USD
CY2020Q4 us-gaap Capitalized Contract Cost Gross
CapitalizedContractCostGross
527000 USD
CY2021Q3 us-gaap Capitalized Contract Cost Amortization
CapitalizedContractCostAmortization
60000 USD
CY2021Q3 us-gaap Sales Commissions And Fees
SalesCommissionsAndFees
637000 USD
us-gaap Sales Commissions And Fees
SalesCommissionsAndFees
2407000 USD
us-gaap Capitalized Contract Cost Amortization
CapitalizedContractCostAmortization
203000 USD
CY2020Q3 us-gaap Sales Commissions And Fees
SalesCommissionsAndFees
634000 USD
us-gaap Sales Commissions And Fees
SalesCommissionsAndFees
896000 USD
CY2020Q3 us-gaap Capitalized Contract Cost Amortization
CapitalizedContractCostAmortization
81000 USD
us-gaap Capitalized Contract Cost Amortization
CapitalizedContractCostAmortization
99000 USD
CY2021Q3 us-gaap Contract With Customer Receivable After Allowance For Credit Loss
ContractWithCustomerReceivableAfterAllowanceForCreditLoss
29100000 USD
CY2020Q4 us-gaap Contract With Customer Receivable After Allowance For Credit Loss
ContractWithCustomerReceivableAfterAllowanceForCreditLoss
23278000 USD
CY2021Q2 sofi Reverse Recapitalization Cash Consideration
ReverseRecapitalizationCashConsideration
764800000 USD
CY2021Q2 us-gaap Stock Repurchased And Retired During Period Value
StockRepurchasedAndRetiredDuringPeriodValue
150000000 USD
CY2021Q2 us-gaap Adjustments To Additional Paid In Capital Stock Issued Issuance Costs
AdjustmentsToAdditionalPaidInCapitalStockIssuedIssuanceCosts
27500000 USD
CY2020 us-gaap Payments Of Stock Issuance Costs
PaymentsOfStockIssuanceCosts
600000 USD
CY2021Q2 us-gaap Sale Of Stock Number Of Shares Issued In Transaction
SaleOfStockNumberOfSharesIssuedInTransaction
122500000 shares
CY2021Q2 us-gaap Sale Of Stock Price Per Share
SaleOfStockPricePerShare
10.00
CY2021Q2 us-gaap Sale Of Stock Consideration Received On Transaction
SaleOfStockConsiderationReceivedOnTransaction
1225000000 USD
CY2021Q2 sofi Recapitalization Exchange Ratio
RecapitalizationExchangeRatio
1.7428
CY2021Q3 us-gaap Debt Securities Available For Sale Amortized Cost Excluding Accrued Interest After Allowance For Credit Loss
DebtSecuritiesAvailableForSaleAmortizedCostExcludingAccruedInterestAfterAllowanceForCreditLoss
196956000 USD
CY2021Q3 us-gaap Debt Securities Available For Sale Accrued Interest After Allowance For Credit Loss
DebtSecuritiesAvailableForSaleAccruedInterestAfterAllowanceForCreditLoss
397000 USD
CY2021Q3 us-gaap Available For Sale Debt Securities Accumulated Gross Unrealized Gain Before Tax
AvailableForSaleDebtSecuritiesAccumulatedGrossUnrealizedGainBeforeTax
20000 USD
CY2021Q3 us-gaap Available For Sale Debt Securities Accumulated Gross Unrealized Loss Before Tax
AvailableForSaleDebtSecuritiesAccumulatedGrossUnrealizedLossBeforeTax
170000 USD
CY2021Q3 us-gaap Available For Sale Securities Debt Maturities Within One Year Amortized Cost
AvailableForSaleSecuritiesDebtMaturitiesWithinOneYearAmortizedCost
17083000 USD
CY2021Q3 us-gaap Available For Sale Securities Debt Securities
AvailableForSaleSecuritiesDebtSecurities
197203000 USD
CY2021Q3 us-gaap Available For Sale Securities Debt Maturities After One Through Five Years Amortized Cost
AvailableForSaleSecuritiesDebtMaturitiesAfterOneThroughFiveYearsAmortizedCost
165490000 USD
CY2021Q3 us-gaap Available For Sale Securities Debt Maturities After Five Through Ten Years Amortized Cost
AvailableForSaleSecuritiesDebtMaturitiesAfterFiveThroughTenYearsAmortizedCost
2024000 USD
CY2021Q3 us-gaap Available For Sale Securities Debt Maturities After Ten Years Amortized Cost
AvailableForSaleSecuritiesDebtMaturitiesAfterTenYearsAmortizedCost
12359000 USD
CY2021Q3 us-gaap Debt Securities Available For Sale Amortized Cost Excluding Accrued Interest After Allowance For Credit Loss
DebtSecuritiesAvailableForSaleAmortizedCostExcludingAccruedInterestAfterAllowanceForCreditLoss
196956000 USD
CY2021Q3 us-gaap Available For Sale Securities Debt Maturities Within One Year Fair Value
AvailableForSaleSecuritiesDebtMaturitiesWithinOneYearFairValue
17083000 USD
CY2021Q3 us-gaap Available For Sale Securities Debt Maturities After One Through Five Years Fair Value
AvailableForSaleSecuritiesDebtMaturitiesAfterOneThroughFiveYearsFairValue
165346000 USD
CY2021Q3 us-gaap Available For Sale Securities Debt Maturities After Five Through Ten Years Fair Value
AvailableForSaleSecuritiesDebtMaturitiesAfterFiveThroughTenYearsFairValue
2023000 USD
CY2021Q3 us-gaap Available For Sale Securities Debt Maturities After Ten Years Fair Value
AvailableForSaleSecuritiesDebtMaturitiesAfterTenYearsFairValue
12354000 USD
CY2021Q3 us-gaap Debt Securities Available For Sale Excluding Accrued Interest
DebtSecuritiesAvailableForSaleExcludingAccruedInterest
196806000 USD
CY2021Q3 us-gaap Debt Securities Available For Sale Accrued Interest After Allowance For Credit Loss
DebtSecuritiesAvailableForSaleAccruedInterestAfterAllowanceForCreditLoss
397000 USD
CY2021Q3 us-gaap Debt Securities Available For Sale Realized Gain
DebtSecuritiesAvailableForSaleRealizedGain
10000 USD
us-gaap Debt Securities Available For Sale Realized Gain
DebtSecuritiesAvailableForSaleRealizedGain
10000 USD
CY2021Q3 us-gaap Debt Securities Available For Sale Realized Loss
DebtSecuritiesAvailableForSaleRealizedLoss
10000 USD
us-gaap Debt Securities Available For Sale Realized Loss
DebtSecuritiesAvailableForSaleRealizedLoss
10000 USD
CY2021Q3 us-gaap Debt Securities Available For Sale Realized Gain Loss
DebtSecuritiesAvailableForSaleRealizedGainLoss
0 USD
us-gaap Debt Securities Available For Sale Realized Gain Loss
DebtSecuritiesAvailableForSaleRealizedGainLoss
0 USD
CY2021Q3 us-gaap Proceeds From Sale Of Available For Sale Securities Debt
ProceedsFromSaleOfAvailableForSaleSecuritiesDebt
15789000 USD
us-gaap Proceeds From Sale Of Available For Sale Securities Debt
ProceedsFromSaleOfAvailableForSaleSecuritiesDebt
15789000 USD
CY2021Q3 us-gaap Loans Receivable Fair Value Disclosure
LoansReceivableFairValueDisclosure
4793546000 USD
CY2020Q4 us-gaap Loans Receivable Fair Value Disclosure
LoansReceivableFairValueDisclosure
4859068000 USD
CY2021Q3 us-gaap Notes Receivable Net
NotesReceivableNet
4865558000 USD
CY2021Q3 sofi Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Purchases Securitization Clean Up Calls
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetPurchasesSecuritizationCleanUpCalls
100000000 USD
sofi Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Purchases Securitization Clean Up Calls
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetPurchasesSecuritizationCleanUpCalls
231372000 USD
CY2020Q3 sofi Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Purchases Securitization Clean Up Calls
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetPurchasesSecuritizationCleanUpCalls
0 USD
sofi Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Purchases Securitization Clean Up Calls
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetPurchasesSecuritizationCleanUpCalls
33012000 USD
CY2021Q3 sofi Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Purchases Of Previously Sold Loans
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetPurchasesOfPreviouslySoldLoans
0 USD
CY2020Q4 us-gaap Notes Receivable Net
NotesReceivableNet
4879303000 USD
sofi Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Purchases Of Previously Sold Loans
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetPurchasesOfPreviouslySoldLoans
15185000 USD
CY2020Q3 sofi Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Purchases Of Previously Sold Loans
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetPurchasesOfPreviouslySoldLoans
606264000 USD
sofi Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Purchases Of Previously Sold Loans
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetPurchasesOfPreviouslySoldLoans
606264000 USD
CY2021Q2 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
1230000 USD
CY2021Q3 us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
930000 USD
CY2021Q3 us-gaap Allowance For Doubtful Accounts Receivable Write Offs
AllowanceForDoubtfulAccountsReceivableWriteOffs
201000 USD
CY2021Q3 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
1959000 USD
CY2020Q4 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
562000 USD
us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
2710000 USD
us-gaap Allowance For Doubtful Accounts Receivable Write Offs
AllowanceForDoubtfulAccountsReceivableWriteOffs
1313000 USD
CY2021Q3 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
1959000 USD
CY2020Q2 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
0 USD
CY2020Q3 us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
490000 USD
CY2020Q3 us-gaap Allowance For Doubtful Accounts Receivable Write Offs
AllowanceForDoubtfulAccountsReceivableWriteOffs
175000 USD
CY2020Q3 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
315000 USD
CY2019Q4 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
0 USD
us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
490000 USD
us-gaap Allowance For Doubtful Accounts Receivable Write Offs
AllowanceForDoubtfulAccountsReceivableWriteOffs
175000 USD
CY2020Q3 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
315000 USD
CY2021Q3 sofi Sensitivity Analysis Of Fair Value Transferors Interests In Transferred Financial Assets Impact Of25 Basis Point Adverse Change In Market Servicing Costs
SensitivityAnalysisOfFairValueTransferorsInterestsInTransferredFinancialAssetsImpactOf25BasisPointAdverseChangeInMarketServicingCosts
-10654000 USD
CY2020Q4 sofi Sensitivity Analysis Of Fair Value Transferors Interests In Transferred Financial Assets Impact Of25 Basis Point Adverse Change In Market Servicing Costs
SensitivityAnalysisOfFairValueTransferorsInterestsInTransferredFinancialAssetsImpactOf25BasisPointAdverseChangeInMarketServicingCosts
-10472000 USD
CY2021Q3 sofi Sensitivity Analysis Of Fair Value Transferors Interests In Transferred Financial Assets Impact Of50 Basis Point Adverse Change In Market Servicing Costs
SensitivityAnalysisOfFairValueTransferorsInterestsInTransferredFinancialAssetsImpactOf50BasisPointAdverseChangeInMarketServicingCosts
-21309000 USD
CY2020Q4 sofi Sensitivity Analysis Of Fair Value Transferors Interests In Transferred Financial Assets Impact Of50 Basis Point Adverse Change In Market Servicing Costs
SensitivityAnalysisOfFairValueTransferorsInterestsInTransferredFinancialAssetsImpactOf50BasisPointAdverseChangeInMarketServicingCosts
-20944000 USD
CY2021Q3 us-gaap Sensitivity Analysis Of Fair Value Of Interests Continued To Be Held By Transferor Servicing Assets Or Liabilities Impact Of10 Percent Adverse Change In Prepayment Speed
SensitivityAnalysisOfFairValueOfInterestsContinuedToBeHeldByTransferorServicingAssetsOrLiabilitiesImpactOf10PercentAdverseChangeInPrepaymentSpeed
-6384000 USD
CY2020Q4 us-gaap Sensitivity Analysis Of Fair Value Of Interests Continued To Be Held By Transferor Servicing Assets Or Liabilities Impact Of10 Percent Adverse Change In Prepayment Speed
SensitivityAnalysisOfFairValueOfInterestsContinuedToBeHeldByTransferorServicingAssetsOrLiabilitiesImpactOf10PercentAdverseChangeInPrepaymentSpeed
-5430000 USD
CY2021Q3 us-gaap Sensitivity Analysis Of Fair Value Of Interests Continued To Be Held By Transferor Servicing Assets Or Liabilities Impact Of20 Percent Adverse Change In Prepayment Speed
SensitivityAnalysisOfFairValueOfInterestsContinuedToBeHeldByTransferorServicingAssetsOrLiabilitiesImpactOf20PercentAdverseChangeInPrepaymentSpeed
-12256000 USD
CY2020Q4 us-gaap Sensitivity Analysis Of Fair Value Of Interests Continued To Be Held By Transferor Servicing Assets Or Liabilities Impact Of20 Percent Adverse Change In Prepayment Speed
SensitivityAnalysisOfFairValueOfInterestsContinuedToBeHeldByTransferorServicingAssetsOrLiabilitiesImpactOf20PercentAdverseChangeInPrepaymentSpeed
-10230000 USD
CY2021Q3 sofi Sensitivity Analysis Of Fair Value Transferors Interests In Transferred Financial Assets Impact Of10 Percent Adverse Change In Default Rate
SensitivityAnalysisOfFairValueTransferorsInterestsInTransferredFinancialAssetsImpactOf10PercentAdverseChangeInDefaultRate
-189000 USD
CY2020Q4 sofi Sensitivity Analysis Of Fair Value Transferors Interests In Transferred Financial Assets Impact Of10 Percent Adverse Change In Default Rate
SensitivityAnalysisOfFairValueTransferorsInterestsInTransferredFinancialAssetsImpactOf10PercentAdverseChangeInDefaultRate
-336000 USD
CY2021Q3 sofi Sensitivity Analysis Of Fair Value Transferors Interests In Transferred Financial Assets Impact Of20 Percent Adverse Change In Default Rate
SensitivityAnalysisOfFairValueTransferorsInterestsInTransferredFinancialAssetsImpactOf20PercentAdverseChangeInDefaultRate
-375000 USD
CY2020Q4 sofi Sensitivity Analysis Of Fair Value Transferors Interests In Transferred Financial Assets Impact Of20 Percent Adverse Change In Default Rate
SensitivityAnalysisOfFairValueTransferorsInterestsInTransferredFinancialAssetsImpactOf20PercentAdverseChangeInDefaultRate
-681000 USD
CY2021Q3 sofi Sensitivity Analysis Of Fair Value Transferors Interests In Transferred Financial Assets Impact Of100 Basis Points Adverse Change In Discount Rate
SensitivityAnalysisOfFairValueTransferorsInterestsInTransferredFinancialAssetsImpactOf100BasisPointsAdverseChangeInDiscountRate
-3586000 USD
CY2020Q4 sofi Sensitivity Analysis Of Fair Value Transferors Interests In Transferred Financial Assets Impact Of100 Basis Points Adverse Change In Discount Rate
SensitivityAnalysisOfFairValueTransferorsInterestsInTransferredFinancialAssetsImpactOf100BasisPointsAdverseChangeInDiscountRate
-2986000 USD
CY2021Q3 sofi Sensitivity Analysis Of Fair Value Transferors Interests In Transferred Financial Assets Impact Of200 Basis Points Adverse Change In Discount Rate
SensitivityAnalysisOfFairValueTransferorsInterestsInTransferredFinancialAssetsImpactOf200BasisPointsAdverseChangeInDiscountRate
-6973000 USD
CY2020Q4 sofi Sensitivity Analysis Of Fair Value Transferors Interests In Transferred Financial Assets Impact Of200 Basis Points Adverse Change In Discount Rate
SensitivityAnalysisOfFairValueTransferorsInterestsInTransferredFinancialAssetsImpactOf200BasisPointsAdverseChangeInDiscountRate
-5820000 USD
CY2021Q2 us-gaap Servicing Asset At Fair Value Amount
ServicingAssetAtFairValueAmount
159767000 USD
CY2021Q3 us-gaap Servicing Asset At Fair Value Additions
ServicingAssetAtFairValueAdditions
25336000 USD
CY2021Q3 sofi Servicing Asset At Fair Value Assumed From Third Parties
ServicingAssetAtFairValueAssumedFromThirdParties
49000 USD
CY2021Q3 us-gaap Servicing Asset At Fair Value Disposals
ServicingAssetAtFairValueDisposals
168000 USD
CY2021Q3 us-gaap Servicing Asset At Fair Value Changes In Fair Value Resulting From Changes In Valuation Inputs Or Changes In Assumptions
ServicingAssetAtFairValueChangesInFairValueResultingFromChangesInValuationInputsOrChangesInAssumptions
409000 USD
CY2021Q3 us-gaap Servicing Asset At Fair Value Other Changes That Affect Balance
ServicingAssetAtFairValueOtherChangesThatAffectBalance
-21919000 USD
CY2021Q3 us-gaap Servicing Asset At Fair Value Amount
ServicingAssetAtFairValueAmount
163474000 USD
CY2020Q2 us-gaap Servicing Asset At Fair Value Amount
ServicingAssetAtFairValueAmount
184024000 USD
CY2020Q3 us-gaap Servicing Asset At Fair Value Additions
ServicingAssetAtFairValueAdditions
15256000 USD
CY2020Q3 us-gaap Servicing Asset At Fair Value Disposals
ServicingAssetAtFairValueDisposals
13303000 USD
CY2020Q3 us-gaap Servicing Asset At Fair Value Changes In Fair Value Resulting From Changes In Valuation Inputs Or Changes In Assumptions
ServicingAssetAtFairValueChangesInFairValueResultingFromChangesInValuationInputsOrChangesInAssumptions
-4671000 USD
CY2020Q3 us-gaap Servicing Asset At Fair Value Other Changes That Affect Balance
ServicingAssetAtFairValueOtherChangesThatAffectBalance
-23658000 USD
CY2020Q3 us-gaap Servicing Asset At Fair Value Amount
ServicingAssetAtFairValueAmount
157648000 USD
CY2020Q4 us-gaap Servicing Asset At Fair Value Amount
ServicingAssetAtFairValueAmount
149597000 USD
us-gaap Servicing Asset At Fair Value Additions
ServicingAssetAtFairValueAdditions
93260000 USD
sofi Servicing Asset At Fair Value Assumed From Third Parties
ServicingAssetAtFairValueAssumedFromThirdParties
49000 USD
us-gaap Servicing Asset At Fair Value Disposals
ServicingAssetAtFairValueDisposals
748000 USD
us-gaap Servicing Asset At Fair Value Changes In Fair Value Resulting From Changes In Valuation Inputs Or Changes In Assumptions
ServicingAssetAtFairValueChangesInFairValueResultingFromChangesInValuationInputsOrChangesInAssumptions
-11924000 USD
us-gaap Servicing Asset At Fair Value Other Changes That Affect Balance
ServicingAssetAtFairValueOtherChangesThatAffectBalance
-66760000 USD
CY2021Q3 us-gaap Servicing Asset At Fair Value Amount
ServicingAssetAtFairValueAmount
163474000 USD
CY2019Q4 us-gaap Servicing Asset At Fair Value Amount
ServicingAssetAtFairValueAmount
201618000 USD
us-gaap Servicing Asset At Fair Value Additions
ServicingAssetAtFairValueAdditions
60557000 USD
us-gaap Servicing Asset At Fair Value Disposals
ServicingAssetAtFairValueDisposals
13524000 USD
us-gaap Servicing Asset At Fair Value Changes In Fair Value Resulting From Changes In Valuation Inputs Or Changes In Assumptions
ServicingAssetAtFairValueChangesInFairValueResultingFromChangesInValuationInputsOrChangesInAssumptions
-16332000 USD
us-gaap Servicing Asset At Fair Value Other Changes That Affect Balance
ServicingAssetAtFairValueOtherChangesThatAffectBalance
-74671000 USD
CY2020Q3 us-gaap Servicing Asset At Fair Value Amount
ServicingAssetAtFairValueAmount
157648000 USD
CY2021Q2 sofi Warrant Liability
WarrantLiability
200250000 USD
CY2021Q3 sofi Warrant Liability
WarrantLiability
174938000 USD
CY2021Q3 us-gaap Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
2791460000 USD
CY2020Q4 us-gaap Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
4830137000 USD
CY2021Q3 us-gaap Debt Instrument Unamortized Discount Premium And Debt Issuance Costs Net
DebtInstrumentUnamortizedDiscountPremiumAndDebtIssuanceCostsNet
21234000 USD
CY2020Q4 us-gaap Debt Instrument Unamortized Discount Premium And Debt Issuance Costs Net
DebtInstrumentUnamortizedDiscountPremiumAndDebtIssuanceCostsNet
31212000 USD
CY2021Q3 us-gaap Long Term Debt
LongTermDebt
2770226000 USD
CY2020Q4 us-gaap Long Term Debt
LongTermDebt
4798925000 USD
sofi Debt Instrument Debt Discounts Issued
DebtInstrumentDebtDiscountsIssued
0 USD
sofi Debt Instrument Debt Premiums Issued
DebtInstrumentDebtPremiumsIssued
335000 USD
us-gaap Payments Of Loan Costs
PaymentsOfLoanCosts
1400000 USD
CY2021Q3 us-gaap Interest Payable Current And Noncurrent
InterestPayableCurrentAndNoncurrent
2191000 USD
CY2020Q4 us-gaap Interest Payable Current And Noncurrent
InterestPayableCurrentAndNoncurrent
19817000 USD
CY2021Q2 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
100000000 shares
CY2021Q2 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
0.0001
CY2021Q2 us-gaap Temporary Equity Shares Authorized
TemporaryEquitySharesAuthorized
100000000 shares
CY2021Q2 us-gaap Temporary Equity Par Or Stated Value Per Share
TemporaryEquityParOrStatedValuePerShare
0.0000025
CY2021Q2 us-gaap Conversion Of Stock Shares Issued1
ConversionOfStockSharesIssued1
465832666 shares
CY2021Q2 us-gaap Stock Repurchased And Retired During Period Shares
StockRepurchasedAndRetiredDuringPeriodShares
15000000 shares
CY2021Q2 us-gaap Stock Repurchased And Retired During Period Shares
StockRepurchasedAndRetiredDuringPeriodShares
15000000 shares
CY2020Q3 us-gaap Other Comprehensive Income Loss Before Reclassifications Net Of Tax
OtherComprehensiveIncomeLossBeforeReclassificationsNetOfTax
24000 USD
CY2021Q3 us-gaap Other Comprehensive Income Loss Before Reclassifications Net Of Tax
OtherComprehensiveIncomeLossBeforeReclassificationsNetOfTax
54000 USD
CY2021Q3 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
54000 USD
CY2021Q3 us-gaap Dividends Payable Current And Noncurrent
DividendsPayableCurrentAndNoncurrent
10189000 USD
CY2021Q2 us-gaap Stock Repurchased And Retired During Period Value
StockRepurchasedAndRetiredDuringPeriodValue
150000000 USD
CY2020Q4 us-gaap Dividends Payable Current And Noncurrent
DividendsPayableCurrentAndNoncurrent
0 USD
CY2021Q3 us-gaap Temporary Equity Aggregate Amount Of Redemption Requirement
TemporaryEquityAggregateAmountOfRedemptionRequirement
323400000 USD
CY2021Q2 us-gaap Class Of Warrant Or Right Exercise Price Of Warrants Or Rights1
ClassOfWarrantOrRightExercisePriceOfWarrantsOrRights1
8.86
CY2020Q4 us-gaap Class Of Warrant Or Right Exercise Price Of Warrants Or Rights1
ClassOfWarrantOrRightExercisePriceOfWarrantsOrRights1
8.86
CY2021Q3 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
805667914 shares
CY2021Q3 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
805667914 shares
CY2021Q3 us-gaap Common Stock Capital Shares Reserved For Future Issuance
CommonStockCapitalSharesReservedForFutureIssuance
175222057 shares
CY2020Q4 us-gaap Common Stock Capital Shares Reserved For Future Issuance
CommonStockCapitalSharesReservedForFutureIssuance
673305089 shares
CY2020Q3 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
24000 USD
us-gaap Other Comprehensive Income Loss Before Reclassifications Net Of Tax
OtherComprehensiveIncomeLossBeforeReclassificationsNetOfTax
-292000 USD
us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
-292000 USD
us-gaap Other Comprehensive Income Loss Before Reclassifications Net Of Tax
OtherComprehensiveIncomeLossBeforeReclassificationsNetOfTax
-19000 USD
us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
-19000 USD
CY2021Q3 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
72681000 USD
CY2020Q3 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
26551000 USD
us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
162289000 USD
us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
69781000 USD
CY2020Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
29947975 shares
CY2020Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
5.69
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresInPeriod
22008 shares
CY2020 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Outstanding Weighted Average Remaining Contractual Term2
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2
P6Y7M6D
us-gaap Stock Issued During Period Shares Stock Options Exercised
StockIssuedDuringPeriodSharesStockOptionsExercised
5652778 shares
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross
0 shares
us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Exercises In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExercisePrice
3.65
us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Forfeitures In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsForfeituresInPeriodWeightedAverageExercisePrice
5.60
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Expirations In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExpirationsInPeriod
129816 shares
us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Expirations In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExpirationsInPeriodWeightedAverageExercisePrice
6.28
CY2021Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
24143373 shares
CY2021Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
6.17
us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Outstanding Weighted Average Remaining Contractual Term2
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2
P5Y10M24D
CY2021Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableNumber
23489947 shares
CY2021Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableWeightedAverageExercisePrice
6.26
us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Weighted Average Remaining Contractual Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableWeightedAverageRemainingContractualTerm1
P5Y10M24D
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross
0 shares
CY2021Q3 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized Stock Options
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedStockOptions
7600000 USD
sofi Common Stock Weighted Average Fair Value During Period
CommonStockWeightedAverageFairValueDuringPeriod
17.93
CY2021Q2 sofi Share Based Payment Arrangement Expense From Modification Date Fair Value
ShareBasedPaymentArrangementExpenseFromModificationDateFairValue
3884000 USD
CY2021Q3 sofi Share Based Payment Arrangement Expense From Modification Date Fair Value
ShareBasedPaymentArrangementExpenseFromModificationDateFairValue
976000 USD
sofi Share Based Payment Arrangement Expense From Modification Date Fair Value
ShareBasedPaymentArrangementExpenseFromModificationDateFairValue
1156000 USD
CY2021Q3 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
181000 USD
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
1202000 USD
CY2020Q3 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
192000 USD
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
-99519000 USD
CY2021Q3 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
8269000 USD
us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
11850000 USD
CY2021Q3 sofi Increase Decrease In Operating Lease Cost Concession
IncreaseDecreaseInOperatingLeaseCostConcession
377000 USD
sofi Increase Decrease In Operating Lease Cost Concession
IncreaseDecreaseInOperatingLeaseCostConcession
1509000 USD
CY2020Q3 sofi Increase Decrease In Operating Lease Cost Concession
IncreaseDecreaseInOperatingLeaseCostConcession
566000 USD
sofi Increase Decrease In Operating Lease Cost Concession
IncreaseDecreaseInOperatingLeaseCostConcession
1132000 USD
CY2021Q3 us-gaap Business Combination Contingent Consideration Liability
BusinessCombinationContingentConsiderationLiability
1750000 USD
CY2021Q3 us-gaap Estimated Insurance Recoveries
EstimatedInsuranceRecoveries
1750000 USD
sofi Number Of Contingent Repurchase Obligations
NumberOfContingentRepurchaseObligations
3 repurchaseObligation
sofi Contingent Repurchase Obligation With Counterparty Term
ContingentRepurchaseObligationWithCounterpartyTerm
P3Y
CY2021Q3 sofi Contingent Repurchase Obligation With Counterparty Amount At Risk
ContingentRepurchaseObligationWithCounterpartyAmountAtRisk
7089000 USD
CY2020Q4 sofi Contingent Repurchase Obligation With Counterparty Amount At Risk
ContingentRepurchaseObligationWithCounterpartyAmountAtRisk
5196000 USD
CY2021Q3 sofi Maximum Repurchase Obligation
MaximumRepurchaseObligation
6500000000 USD
CY2020Q4 sofi Maximum Repurchase Obligation
MaximumRepurchaseObligation
3900000000 USD
CY2021Q3 us-gaap Letters Of Credit Outstanding Amount
LettersOfCreditOutstandingAmount
9300000 USD
CY2020Q4 us-gaap Letters Of Credit Outstanding Amount
LettersOfCreditOutstandingAmount
9300000 USD
CY2020Q4 sofi Letter Of Credit Collateral Amount
LetterOfCreditCollateralAmount
3300000 USD
CY2021Q3 sofi Letter Of Credit Collateral Amount
LetterOfCreditCollateralAmount
3300000 USD
us-gaap Defined Contribution Plan Maximum Annual Contributions Per Employee Percent
DefinedContributionPlanMaximumAnnualContributionsPerEmployeePercent
1
CY2021Q3 us-gaap Net Income Loss
NetIncomeLoss
-30047000 USD
CY2020Q3 us-gaap Net Income Loss
NetIncomeLoss
-42878000 USD
us-gaap Net Income Loss
NetIncomeLoss
-372925000 USD
us-gaap Net Income Loss
NetIncomeLoss
-141437000 USD
CY2021Q3 us-gaap Preferred Stock Dividends Income Statement Impact
PreferredStockDividendsIncomeStatementImpact
10189000 USD
CY2020Q3 us-gaap Preferred Stock Dividends Income Statement Impact
PreferredStockDividendsIncomeStatementImpact
10189000 USD
us-gaap Preferred Stock Dividends Income Statement Impact
PreferredStockDividendsIncomeStatementImpact
30236000 USD
us-gaap Preferred Stock Dividends Income Statement Impact
PreferredStockDividendsIncomeStatementImpact
30346000 USD
CY2021Q3 us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
-40236000 USD
CY2021Q3 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-40236000 USD
CY2020Q3 us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
-53067000 USD
CY2020Q3 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-53067000 USD
us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
-403161000 USD
us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-403161000 USD
us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
-171783000 USD
us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-171783000 USD
CY2021Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
800565830 shares
CY2020Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
75320032 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
429750486 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
72296724 shares
CY2021Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
800565830 shares
CY2020Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
75320032 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
429750486 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
72296724 shares
CY2021Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.05
CY2020Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.70
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.94
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-2.38
CY2021Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.05
CY2020Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.70
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.94
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-2.38
us-gaap Number Of Reportable Segments
NumberOfReportableSegments
3 segment
CY2020Q3 us-gaap Interest Income Related Party
InterestIncomeRelatedParty
778000 USD
us-gaap Interest Income Related Party
InterestIncomeRelatedParty
2709000 USD
CY2021Q3 us-gaap Interest Income Expense Net
InterestIncomeExpenseNet
72375000 USD
CY2021Q3 us-gaap Noninterest Income
NoninterestIncome
199631000 USD
CY2021Q3 us-gaap Revenues Net Of Interest Expense
RevenuesNetOfInterestExpense
272006000 USD
CY2020Q3 us-gaap Interest Income Expense Net
InterestIncomeExpenseNet
49212000 USD
CY2020Q3 us-gaap Noninterest Income
NoninterestIncome
151575000 USD
CY2020Q3 us-gaap Revenues Net Of Interest Expense
RevenuesNetOfInterestExpense
200787000 USD
us-gaap Interest Income Expense Net
InterestIncomeExpenseNet
175667000 USD
us-gaap Noninterest Income
NoninterestIncome
523597000 USD
us-gaap Revenues Net Of Interest Expense
RevenuesNetOfInterestExpense
699264000 USD
us-gaap Interest Income Expense Net
InterestIncomeExpenseNet
139108000 USD
us-gaap Noninterest Income
NoninterestIncome
254933000 USD
us-gaap Revenues Net Of Interest Expense
RevenuesNetOfInterestExpense
394041000 USD
CY2021Q3 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
-29866000 USD
CY2020Q3 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
-42686000 USD
us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
-371723000 USD
us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
-240956000 USD

Files In Submission

Name View Source Status
0001818874-21-000081-index-headers.html Edgar Link pending
0001818874-21-000081-index.html Edgar Link pending
0001818874-21-000081.txt Edgar Link pending
0001818874-21-000081-xbrl.zip Edgar Link pending
ex311-sofiq321.htm Edgar Link pending
ex312-sofiq321.htm Edgar Link pending
ex321-sofiq321.htm Edgar Link pending
ex322-sofiq321.htm Edgar Link pending
FilingSummary.xml Edgar Link unprocessable
Financial_Report.xlsx Edgar Link pending
MetaLinks.json Edgar Link pending
R1.htm Edgar Link pending
R10.htm Edgar Link pending
R11.htm Edgar Link pending
R12.htm Edgar Link pending
R13.htm Edgar Link pending
R14.htm Edgar Link pending
R15.htm Edgar Link pending
R16.htm Edgar Link pending
R17.htm Edgar Link pending
R18.htm Edgar Link pending
R19.htm Edgar Link pending
R2.htm Edgar Link pending
R20.htm Edgar Link pending
R21.htm Edgar Link pending
R22.htm Edgar Link pending
R23.htm Edgar Link pending
R24.htm Edgar Link pending
R25.htm Edgar Link pending
R26.htm Edgar Link pending
R27.htm Edgar Link pending
R28.htm Edgar Link pending
R29.htm Edgar Link pending
R3.htm Edgar Link pending
R30.htm Edgar Link pending
R31.htm Edgar Link pending
R32.htm Edgar Link pending
R33.htm Edgar Link pending
R34.htm Edgar Link pending
R35.htm Edgar Link pending
R36.htm Edgar Link pending
R37.htm Edgar Link pending
R38.htm Edgar Link pending
R39.htm Edgar Link pending
R4.htm Edgar Link pending
R40.htm Edgar Link pending
R41.htm Edgar Link pending
R42.htm Edgar Link pending
R43.htm Edgar Link pending
R44.htm Edgar Link pending
R45.htm Edgar Link pending
R46.htm Edgar Link pending
R47.htm Edgar Link pending
R48.htm Edgar Link pending
R49.htm Edgar Link pending
R5.htm Edgar Link pending
R50.htm Edgar Link pending
R51.htm Edgar Link pending
R52.htm Edgar Link pending
R53.htm Edgar Link pending
R54.htm Edgar Link pending
R55.htm Edgar Link pending
R56.htm Edgar Link pending
R57.htm Edgar Link pending
R58.htm Edgar Link pending
R59.htm Edgar Link pending
R6.htm Edgar Link pending
R60.htm Edgar Link pending
R61.htm Edgar Link pending
R62.htm Edgar Link pending
R63.htm Edgar Link pending
R64.htm Edgar Link pending
R65.htm Edgar Link pending
R66.htm Edgar Link pending
R67.htm Edgar Link pending
R68.htm Edgar Link pending
R69.htm Edgar Link pending
R7.htm Edgar Link pending
R70.htm Edgar Link pending
R71.htm Edgar Link pending
R72.htm Edgar Link pending
R73.htm Edgar Link pending
R74.htm Edgar Link pending
R75.htm Edgar Link pending
R76.htm Edgar Link pending
R77.htm Edgar Link pending
R78.htm Edgar Link pending
R79.htm Edgar Link pending
R8.htm Edgar Link pending
R80.htm Edgar Link pending
R81.htm Edgar Link pending
R82.htm Edgar Link pending
R83.htm Edgar Link pending
R84.htm Edgar Link pending
R85.htm Edgar Link pending
R86.htm Edgar Link pending
R87.htm Edgar Link pending
R88.htm Edgar Link pending
R89.htm Edgar Link pending
R9.htm Edgar Link pending
R90.htm Edgar Link pending
R91.htm Edgar Link pending
report.css Edgar Link pending
Show.js Edgar Link pending
sofi-20210930.htm Edgar Link pending
sofi-20210930.xsd Edgar Link pending
sofi-20210930_cal.xml Edgar Link unprocessable
sofi-20210930_def.xml Edgar Link unprocessable
sofi-20210930_g1.jpg Edgar Link pending
sofi-20210930_g2.jpg Edgar Link pending
sofi-20210930_htm.xml Edgar Link completed
sofi-20210930_lab.xml Edgar Link unprocessable
sofi-20210930_pre.xml Edgar Link unprocessable