$SOFI
SoFi Technologies, Inc. Stock $sofi

$sofi Overview Financials Valuation SEC Filings Company Website

2022 Q2 Form 10-Q Financial Statement

#000181887422000071 Filed on May 10, 2022

Income Statement

Concept	2022 Q2	2022 Q1	2021 Q4
Revenue	$98.42M	$330.3M
YoY Change	-57.44%	68.56%
Cost Of Revenue	$79.09M	$70.44M
YoY Change	30.46%	22.35%
Gross Profit	$19.33M	$259.9M
YoY Change	-88.67%	87.78%
Gross Profit Margin	19.64%	78.68%
Selling, General & Admin	$269.7M	$274.6M
YoY Change	1.32%	10.33%
% of Gross Profit	1395.22%	105.67%
Research & Development	$99.37M	$81.91M
YoY Change	43.2%	24.2%
% of Gross Profit	514.08%	31.51%
Depreciation & Amortization	$38.06M	$30.70M	$26.60M
YoY Change	52.22%	18.17%	4.31%
% of Gross Profit	196.89%	11.81%
Operating Expenses	$369.0M	$356.6M
YoY Change	9.98%	13.23%
Operating Profit	-$349.7M	-$96.64M
YoY Change	112.07%	-45.23%
Interest Expense	$26.78M	$23.48M
YoY Change	-4.67%	-33.39%
% of Operating Profit
Other Income/Expense, Net
YoY Change
Pretax Income	-$95.72M	-$109.6M	-$109.5M
YoY Change	-42.13%	-37.89%	25.0%
Income Tax	$119.0K	$752.0K	$1.600M
% Of Pretax Income
Net Earnings	-$95.84M	-$110.4M	-$111.0M
YoY Change	-42.03%	-37.85%	34.38%
Net Earnings / Revenue	-97.37%	-33.41%
Basic Earnings Per Share	-$0.12	-$0.14
Diluted Earnings Per Share	-$105.3K	-$0.14	-$210.7K
COMMON SHARES
Basic Shares Outstanding	915.8M shares	852.9M shares	806.9M shares
Diluted Shares Outstanding	910.0M shares	852.9M shares

Balance Sheet

Concept	2022 Q2	2022 Q1	2021 Q4
SHORT-TERM ASSETS
Cash & Short-Term Investments
YoY Change
Cash & Equivalents	$707.3M	$1.325B	$494.7M
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	$257.5M	$243.9M	$227.1M
YoY Change	23.55%	22.34%
Goodwill		$1.616B	$898.5M
YoY Change			-0.08%
Intangibles		$505.5M	$284.6M
YoY Change			-19.86%
Long-Term Investments	$0.00	$0.00	$19.74M
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	$12.67B	$12.25B	$9.176B
YoY Change	65.57%	65.89%	7.16%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable	$542.3M	$437.3M	$298.2M
YoY Change	70.6%	3.85%
Accrued Expenses	$131.7M	$136.0M	$138.8M
YoY Change	-2.78%	-2.05%
Deferred Revenue			$2.553M
YoY Change			1.31%
Short-Term Debt
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities	$674.1M	$573.3M	$437.0M
YoY Change	48.67%	2.39%
LONG-TERM LIABILITIES
Long-Term Debt	$3.778B	$4.987B	$4.042B
YoY Change	55.31%	26.49%
Other Long-Term Liabilities
YoY Change
Total Long-Term Liabilities	$3.778B	$4.987B	$4.042B
YoY Change	41.4%	26.49%
TOTAL LIABILITIES
Total Short-Term Liabilities	$674.1M	$573.3M	$437.0M
Total Long-Term Liabilities	$3.778B	$4.987B	$4.042B
Total Liabilities	$7.164B	$6.716B	$4.479B
YoY Change	129.24%	49.17%	-18.72%
SHAREHOLDERS EQUITY
Retained Earnings		-$1.293B	-$1.183B
YoY Change			69.22%
Common Stock		$91.00K	$83.00K
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity	$5.507B	$5.210B	$4.377B
YoY Change
Total Liabilities & Shareholders Equity	$12.67B	$12.25B	$9.176B
YoY Change	65.57%	65.89%	7.16%

Cashflow Statement

Concept	2022 Q2	2022 Q1	2021 Q4
OPERATING ACTIVITIES
Net Income	-$95.84M	-$110.4M	-$111.0M
YoY Change	-42.03%	-37.85%	34.38%
Depreciation, Depletion And Amortization	$38.06M	$30.70M	$26.60M
YoY Change	52.22%	18.17%	4.31%
Cash From Operating Activities	-$945.5M	-$1.011B	-$1.236B
YoY Change	267.18%	-397.37%	-23875.0%
INVESTING ACTIVITIES
Capital Expenditures	-$24.91M	-$25.11M	-$13.90M
YoY Change	28.42%	239.38%	101.45%
Acquisitions		-$73.31M
YoY Change
Other Investing Activities	-$29.88M	$74.99M	$44.50M
YoY Change	-138.46%	-60.19%	-42.65%
Cash From Investing Activities	-$54.80M	$49.88M	$30.70M
YoY Change	-193.83%	-72.43%	-56.52%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net		$0.00
YoY Change		-100.0%
Debt Paid & Issued, Net		$2.633B
YoY Change		-9.6%
Cash From Financing Activities	297.1M	$1.895B	1.120B
YoY Change	10.35%	-265.4%	141.99%
NET CHANGE
Cash From Operating Activities	-945.5M	-$1.011B	-1.236B
Cash From Investing Activities	-54.80M	$49.88M	30.70M
Cash From Financing Activities	297.1M	$1.895B	1.120B
Net Change In Cash	-703.2M	$933.8M	-85.90M
YoY Change	-1103.17%	-249.44%	-115.95%
FREE CASH FLOW
Cash From Operating Activities	-$945.5M	-$1.011B	-$1.236B
Capital Expenditures	-$24.91M	-$25.11M	-$13.90M
Free Cash Flow	-$920.6M	-$986.1M	-$1.222B
YoY Change	286.64%	-383.81%	-10202.48%

Facts In Submission

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CY2022Q1	dei	Entity Central Index Key EntityCentralIndexKey	0001818874
CY2022Q1	dei	Current Fiscal Year End Date CurrentFiscalYearEndDate	--12-31
CY2022Q1	dei	Document Fiscal Year Focus DocumentFiscalYearFocus	2022
CY2022Q1	dei	Document Fiscal Period Focus DocumentFiscalPeriodFocus	Q1
CY2022Q1	dei	Document Type DocumentType	10-Q
CY2022Q1	dei	Document Quarterly Report DocumentQuarterlyReport	true
CY2022Q1	dei	Document Period End Date DocumentPeriodEndDate	2022-03-31
CY2022Q1	dei	Document Transition Report DocumentTransitionReport	false
CY2022Q1	dei	Entity File Number EntityFileNumber	001-39606
CY2022Q1	dei	Entity Registrant Name EntityRegistrantName	SoFi Technologies, Inc.
CY2022Q1	dei	Entity Incorporation State Country Code EntityIncorporationStateCountryCode	DE
CY2022Q1	dei	Entity Tax Identification Number EntityTaxIdentificationNumber	98-1547291
CY2022Q1	dei	Entity Address Address Line1 EntityAddressAddressLine1	234 1st Street
CY2022Q1	dei	Entity Address City Or Town EntityAddressCityOrTown	San Francisco
CY2022Q1	dei	Entity Address State Or Province EntityAddressStateOrProvince	CA
CY2022Q1	dei	Entity Address Postal Zip Code EntityAddressPostalZipCode	94105
CY2022Q1	dei	City Area Code CityAreaCode	855
CY2022Q1	dei	Local Phone Number LocalPhoneNumber	456-7634
CY2022Q1	dei	Security12b Title Security12bTitle	Common stock, $0.0001 par value per share
CY2022Q1	dei	Trading Symbol TradingSymbol	SOFI
CY2022Q1	dei	Security Exchange Name SecurityExchangeName	NASDAQ
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CY2021Q1	us-gaap	Other Comprehensive Income Availableforsale Securities Adjustment Net Of Tax Portion Attributable To Parent OtherComprehensiveIncomeAvailableforsaleSecuritiesAdjustmentNetOfTaxPortionAttributableToParent	0	USD
CY2021Q1	us-gaap	Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Net Of Tax Portion Attributable To Parent OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent	-80000	USD
CY2022Q1	us-gaap	Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent	-4493000	USD
CY2021Q1	us-gaap	Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent	-80000	USD
CY2022Q1	us-gaap	Comprehensive Income Net Of Tax ComprehensiveIncomeNetOfTax	-114850000	USD
CY2021Q1	us-gaap	Comprehensive Income Net Of Tax ComprehensiveIncomeNetOfTax	-177644000	USD
CY2022Q1	us-gaap	Earnings Per Share Basic EarningsPerShareBasic	-0.14
CY2021Q1	us-gaap	Earnings Per Share Basic EarningsPerShareBasic	-1.61
CY2022Q1	us-gaap	Earnings Per Share Diluted EarningsPerShareDiluted	-0.14
CY2021Q1	us-gaap	Earnings Per Share Diluted EarningsPerShareDiluted	-1.61
CY2022Q1	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	852853596	shares
CY2021Q1	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	116152593	shares
CY2022Q1	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	852853596	shares
CY2021Q1	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	116152593	shares
CY2021Q4	us-gaap	Stockholders Equity StockholdersEquity	4377329000	USD
CY2021Q4	us-gaap	Temporary Equity Shares Outstanding TemporaryEquitySharesOutstanding	3234000	shares
CY2021Q4	us-gaap	Temporary Equity Carrying Amount Attributable To Parent TemporaryEquityCarryingAmountAttributableToParent	320374000	USD
CY2022Q1	us-gaap	Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue	81617000	USD
CY2022Q1	us-gaap	Stock Issued During Period Value Restricted Stock Award Gross StockIssuedDuringPeriodValueRestrictedStockAwardGross	0	USD
CY2022Q1	us-gaap	Adjustments Related To Tax Withholding For Share Based Compensation AdjustmentsRelatedToTaxWithholdingForShareBasedCompensation	3593000	USD
CY2022Q1	us-gaap	Stock Issued During Period Value Stock Options Exercised StockIssuedDuringPeriodValueStockOptionsExercised	1867000	USD
CY2022Q1	us-gaap	Stock Issued During Period Value Acquisitions StockIssuedDuringPeriodValueAcquisitions	875042000	USD
CY2022Q1	us-gaap	Redeemable Preferred Stock Dividends RedeemablePreferredStockDividends	9968000	USD
CY2022Q1	us-gaap	Net Income Loss NetIncomeLoss	-110357000	USD
CY2022Q1	us-gaap	Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent	-4493000	USD
CY2022Q1	us-gaap	Stockholders Equity StockholdersEquity	5210299000	USD
CY2022Q1	us-gaap	Temporary Equity Shares Outstanding TemporaryEquitySharesOutstanding	3234000	shares
CY2022Q1	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
CY2021Q1	us-gaap	Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue	37454000	USD
CY2021Q1	us-gaap	Adjustments Related To Tax Withholding For Share Based Compensation AdjustmentsRelatedToTaxWithholdingForShareBasedCompensation	25989000	USD
CY2021Q1	us-gaap	Stock Issued During Period Value Stock Options Exercised StockIssuedDuringPeriodValueStockOptionsExercised	2624000	USD
CY2021Q1	us-gaap	Redeemable Preferred Stock Dividends RedeemablePreferredStockDividends	9968000	USD
CY2021Q1	us-gaap	Net Income Loss NetIncomeLoss	-177564000	USD
CY2021Q1	us-gaap	Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent	-80000	USD
CY2021Q1	us-gaap	Stockholders Equity StockholdersEquity	-293638000	USD
CY2021Q1	us-gaap	Temporary Equity Shares Outstanding TemporaryEquitySharesOutstanding	469150522	shares
CY2021Q1	us-gaap	Temporary Equity Carrying Amount Attributable To Parent TemporaryEquityCarryingAmountAttributableToParent	3173686000	USD
CY2022Q1	us-gaap	Net Income Loss NetIncomeLoss	-110357000	USD
CY2021Q1	us-gaap	Net Income Loss NetIncomeLoss	-177564000	USD
CY2022Q1	us-gaap	Depreciation Depletion And Amortization DepreciationDepletionAndAmortization	30698000	USD
CY2021Q1	us-gaap	Depreciation Depletion And Amortization DepreciationDepletionAndAmortization	25977000	USD
CY2022Q1	us-gaap	Amortization Of Financing Costs And Discounts AmortizationOfFinancingCostsAndDiscounts	4209000	USD
CY2021Q1	us-gaap	Amortization Of Financing Costs And Discounts AmortizationOfFinancingCostsAndDiscounts	5998000	USD
CY2022Q1	us-gaap	Share Based Compensation ShareBasedCompensation	77021000	USD
CY2021Q1	us-gaap	Share Based Compensation ShareBasedCompensation	37454000	USD
CY2022Q1	us-gaap	Deferred Income Tax Expense Benefit DeferredIncomeTaxExpenseBenefit	-40000	USD
CY2021Q1	us-gaap	Deferred Income Tax Expense Benefit DeferredIncomeTaxExpenseBenefit	623000	USD
CY2022Q1	sofi	Fair Value Adjustment Of Residual Interests Classified As Debt FairValueAdjustmentOfResidualInterestsClassifiedAsDebt	2963000	USD
CY2021Q1	sofi	Fair Value Adjustment Of Residual Interests Classified As Debt FairValueAdjustmentOfResidualInterestsClassifiedAsDebt	7951000	USD
CY2022Q1	sofi	Fair Value Adjustment Of Securitization Of Loans FairValueAdjustmentOfSecuritizationOfLoans	-6545000	USD
CY2021Q1	sofi	Fair Value Adjustment Of Securitization Of Loans FairValueAdjustmentOfSecuritizationOfLoans	2957000	USD
CY2022Q1	us-gaap	Fair Value Adjustment Of Warrants FairValueAdjustmentOfWarrants	0	USD
CY2021Q1	us-gaap	Fair Value Adjustment Of Warrants FairValueAdjustmentOfWarrants	89920000	USD
CY2022Q1	us-gaap	Other Noncash Income Expense OtherNoncashIncomeExpense	-16180000	USD
CY2021Q1	us-gaap	Other Noncash Income Expense OtherNoncashIncomeExpense	139000	USD
CY2022Q1	us-gaap	Payments For Origination And Purchases Of Loans Held For Sale PaymentsForOriginationAndPurchasesOfLoansHeldForSale	3599870000	USD
CY2021Q1	us-gaap	Payments For Origination And Purchases Of Loans Held For Sale PaymentsForOriginationAndPurchasesOfLoansHeldForSale	2575932000	USD
CY2022Q1	us-gaap	Proceeds From Sale And Collection Of Loans Heldforsale ProceedsFromSaleAndCollectionOfLoansHeldforsale	2491409000	USD
CY2021Q1	us-gaap	Proceeds From Sale And Collection Of Loans Heldforsale ProceedsFromSaleAndCollectionOfLoansHeldforsale	2911540000	USD
CY2022Q1	us-gaap	Increase Decrease In Other Loans IncreaseDecreaseInOtherLoans	-58548000	USD
CY2021Q1	us-gaap	Increase Decrease In Other Loans IncreaseDecreaseInOtherLoans	-30486000	USD
CY2022Q1	sofi	Increase Decrease In Servicing Assets From Securitization IncreaseDecreaseInServicingAssetsFromSecuritization	5246000	USD
CY2021Q1	sofi	Increase Decrease In Servicing Assets From Securitization IncreaseDecreaseInServicingAssetsFromSecuritization	11643000	USD
CY2022Q1	sofi	Increase Decrease In Related Party Notes Receivable Interest Income IncreaseDecreaseInRelatedPartyNotesReceivableInterestIncome	0	USD
CY2021Q1	sofi	Increase Decrease In Related Party Notes Receivable Interest Income IncreaseDecreaseInRelatedPartyNotesReceivableInterestIncome	-1399000	USD
CY2022Q1	us-gaap	Increase Decrease In Other Operating Assets IncreaseDecreaseInOtherOperatingAssets	13623000	USD
CY2021Q1	us-gaap	Increase Decrease In Other Operating Assets IncreaseDecreaseInOtherOperatingAssets	-3299000	USD
CY2022Q1	us-gaap	Proceeds From Sale And Maturity Of Other Investments ProceedsFromSaleAndMaturityOfOtherInvestments	0	USD
CY2022Q1	us-gaap	Increase Decrease In Accounts Payable And Accrued Liabilities IncreaseDecreaseInAccountsPayableAndAccruedLiabilities	30339000	USD
CY2021Q1	us-gaap	Increase Decrease In Accounts Payable And Accrued Liabilities IncreaseDecreaseInAccountsPayableAndAccruedLiabilities	-6361000	USD
CY2022Q1	us-gaap	Net Cash Provided By Used In Operating Activities NetCashProvidedByUsedInOperatingActivities	-1011224000	USD
CY2021Q1	us-gaap	Net Cash Provided By Used In Operating Activities NetCashProvidedByUsedInOperatingActivities	340051000	USD
CY2022Q1	us-gaap	Payments To Acquire Productive Assets PaymentsToAcquireProductiveAssets	25114000	USD
CY2021Q1	us-gaap	Payments To Acquire Productive Assets PaymentsToAcquireProductiveAssets	7445000	USD
CY2022Q1	us-gaap	Proceeds From Collection Of Longterm Loans To Related Parties ProceedsFromCollectionOfLongtermLoansToRelatedParties	0	USD
CY2021Q1	us-gaap	Proceeds From Collection Of Longterm Loans To Related Parties ProceedsFromCollectionOfLongtermLoansToRelatedParties	16693000	USD
CY2022Q1	us-gaap	Payments To Acquire Available For Sale Securities Debt PaymentsToAcquireAvailableForSaleSecuritiesDebt	36825000	USD
CY2021Q1	us-gaap	Payments To Acquire Available For Sale Securities Debt PaymentsToAcquireAvailableForSaleSecuritiesDebt	0	USD
CY2022Q1	us-gaap	Proceeds From Sale Of Available For Sale Securities Debt ProceedsFromSaleOfAvailableForSaleSecuritiesDebt	17651000	USD
CY2021Q1	us-gaap	Proceeds From Sale Of Available For Sale Securities Debt ProceedsFromSaleOfAvailableForSaleSecuritiesDebt	0	USD
CY2022Q1	us-gaap	Proceeds From Maturities Prepayments And Calls Of Available For Sale Securities ProceedsFromMaturitiesPrepaymentsAndCallsOfAvailableForSaleSecurities	11964000	USD
CY2021Q1	us-gaap	Proceeds From Maturities Prepayments And Calls Of Available For Sale Securities ProceedsFromMaturitiesPrepaymentsAndCallsOfAvailableForSaleSecurities	0	USD
CY2022Q1	sofi	Payments For Proceeds From Financing Receivable After Allowance For Credit Losses PaymentsForProceedsFromFinancingReceivableAfterAllowanceForCreditLosses	33884000	USD
CY2021Q1	sofi	Payments For Proceeds From Financing Receivable After Allowance For Credit Losses PaymentsForProceedsFromFinancingReceivableAfterAllowanceForCreditLosses	0	USD
CY2021Q1	us-gaap	Proceeds From Issuance Of Long Term Debt ProceedsFromIssuanceOfLongTermDebt	1925042000	USD
CY2021Q1	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents	698567000	USD
CY2021Q1	us-gaap	Net Cash Provided By Used In Investing Activities NetCashProvidedByUsedInInvestingActivities	180947000	USD
CY2022Q1	us-gaap	Proceeds From Issuance Of Long Term Debt ProceedsFromIssuanceOfLongTermDebt	3569960000	USD
CY2022Q1	us-gaap	Repayments Of Long Term Debt RepaymentsOfLongTermDebt	2632625000	USD
CY2021Q1	us-gaap	Proceeds From Sale And Maturity Of Other Investments ProceedsFromSaleAndMaturityOfOtherInvestments	107534000	USD
CY2022Q1	sofi	Proceeds From Receipts From Securitization Investments ProceedsFromReceiptsFromSecuritizationInvestments	42773000	USD
CY2021Q1	sofi	Proceeds From Receipts From Securitization Investments ProceedsFromReceiptsFromSecuritizationInvestments	64165000	USD
CY2022Q1	us-gaap	Payments To Acquire Businesses Net Of Cash Acquired PaymentsToAcquireBusinessesNetOfCashAcquired	-73314000	USD
CY2021Q1	us-gaap	Payments To Acquire Businesses Net Of Cash Acquired PaymentsToAcquireBusinessesNetOfCashAcquired	0	USD
CY2022Q1	us-gaap	Net Cash Provided By Used In Investing Activities NetCashProvidedByUsedInInvestingActivities	49879000	USD
CY2021Q1	us-gaap	Repayments Of Long Term Debt RepaymentsOfLongTermDebt	2912263000	USD
CY2022Q1	us-gaap	Payments Of Debt Issuance Costs PaymentsOfDebtIssuanceCosts	2165000	USD
CY2021Q1	us-gaap	Payments Of Debt Issuance Costs PaymentsOfDebtIssuanceCosts	1645000	USD
CY2022Q1	us-gaap	Increase Decrease In Deposits IncreaseDecreaseInDeposits	961834000	USD
CY2021Q1	us-gaap	Increase Decrease In Deposits IncreaseDecreaseInDeposits	0	USD
CY2022Q1	us-gaap	Payments Related To Tax Withholding For Share Based Compensation PaymentsRelatedToTaxWithholdingForShareBasedCompensation	3593000	USD
CY2020Q4	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents	1323428000	USD
CY2022Q1	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents	1702212000	USD
CY2021Q1	us-gaap	Payments Related To Tax Withholding For Share Based Compensation PaymentsRelatedToTaxWithholdingForShareBasedCompensation	25989000	USD
CY2022Q1	us-gaap	Payments For Repurchase Of Common Stock PaymentsForRepurchaseOfCommonStock	0	USD
CY2021Q1	us-gaap	Payments For Repurchase Of Common Stock PaymentsForRepurchaseOfCommonStock	526000	USD
CY2022Q1	sofi	Payments For Repurchase Of Redeemable Common And Preferred Stock PaymentsForRepurchaseOfRedeemableCommonAndPreferredStock	0	USD
CY2021Q1	sofi	Payments For Repurchase Of Redeemable Common And Preferred Stock PaymentsForRepurchaseOfRedeemableCommonAndPreferredStock	132859000	USD
CY2022Q1	us-gaap	Proceeds From Stock Options Exercised ProceedsFromStockOptionsExercised	1867000	USD
CY2021Q1	us-gaap	Proceeds From Stock Options Exercised ProceedsFromStockOptionsExercised	2624000	USD
CY2022Q1	us-gaap	Finance Lease Principal Payments FinanceLeasePrincipalPayments	120000	USD
CY2021Q1	us-gaap	Finance Lease Principal Payments FinanceLeasePrincipalPayments	163000	USD
CY2022Q1	us-gaap	Net Cash Provided By Used In Financing Activities NetCashProvidedByUsedInFinancingActivities	1895158000	USD
CY2021Q1	us-gaap	Net Cash Provided By Used In Financing Activities NetCashProvidedByUsedInFinancingActivities	-1145779000	USD
CY2022Q1	us-gaap	Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents	-38000	USD
CY2021Q1	us-gaap	Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents	-80000	USD
CY2022Q1	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect	933775000	USD
CY2021Q1	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect	-624861000	USD
CY2021Q4	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents	768437000	USD
CY2022Q1	sofi	Noncash Or Part Noncash Acquisition Value Of Vested Stock Awards Assumed NoncashOrPartNoncashAcquisitionValueOfVestedStockAwardsAssumed	2855000	USD
CY2022Q1	us-gaap	Cash And Cash Equivalents At Carrying Value CashAndCashEquivalentsAtCarryingValue	1325135000	USD
CY2021Q1	us-gaap	Cash And Cash Equivalents At Carrying Value CashAndCashEquivalentsAtCarryingValue	351283000	USD
CY2022Q1	us-gaap	Restricted Cash And Cash Equivalents RestrictedCashAndCashEquivalents	377077000	USD
CY2021Q1	us-gaap	Restricted Cash And Cash Equivalents RestrictedCashAndCashEquivalents	347284000	USD
CY2022Q1	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents	1702212000	USD
CY2021Q1	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents	698567000	USD
CY2022Q1	us-gaap	Stock Issued1 StockIssued1	875042000	USD
CY2021Q1	us-gaap	Stock Issued1 StockIssued1	0	USD
CY2021Q1	sofi	Noncash Or Part Noncash Acquisition Value Of Vested Stock Awards Assumed NoncashOrPartNoncashAcquisitionValueOfVestedStockAwardsAssumed	0	USD
CY2022Q1	sofi	Noncash Or Part Noncash Acquisition Financing Receivables Acquired NoncashOrPartNoncashAcquisitionFinancingReceivablesAcquired	84485000	USD
CY2021Q1	sofi	Noncash Or Part Noncash Acquisition Financing Receivables Acquired NoncashOrPartNoncashAcquisitionFinancingReceivablesAcquired	0	USD
CY2022Q1	us-gaap	Noncash Or Part Noncash Acquisition Debt Assumed1 NoncashOrPartNoncashAcquisitionDebtAssumed1	2000000	USD
CY2021Q1	us-gaap	Noncash Or Part Noncash Acquisition Debt Assumed1 NoncashOrPartNoncashAcquisitionDebtAssumed1	0	USD
CY2022Q1	sofi	Noncash Or Part Noncash Acquisition Deposits Assumed NoncashOrPartNoncashAcquisitionDepositsAssumed	158016000	USD
CY2021Q1	sofi	Noncash Or Part Noncash Acquisition Deposits Assumed NoncashOrPartNoncashAcquisitionDepositsAssumed	0	USD
CY2021Q1	us-gaap	Noncash Or Part Noncash Acquisition Fixed Assets Acquired1 NoncashOrPartNoncashAcquisitionFixedAssetsAcquired1	0	USD
CY2022Q1	sofi	Noncash Or Part Noncash Acquisition Deposits Credited But Not Yet Received NoncashOrPartNoncashAcquisitionDepositsCreditedButNotYetReceived	36072000	USD
CY2021Q1	sofi	Noncash Or Part Noncash Acquisition Deposits Credited But Not Yet Received NoncashOrPartNoncashAcquisitionDepositsCreditedButNotYetReceived	0	USD
CY2022Q1	us-gaap	Noncash Or Part Noncash Acquisition Investments Acquired1 NoncashOrPartNoncashAcquisitionInvestmentsAcquired1	10014000	USD
CY2021Q1	us-gaap	Noncash Or Part Noncash Acquisition Investments Acquired1 NoncashOrPartNoncashAcquisitionInvestmentsAcquired1	0	USD
CY2022Q1	us-gaap	Noncash Or Part Noncash Acquisition Fixed Assets Acquired1 NoncashOrPartNoncashAcquisitionFixedAssetsAcquired1	3192000	USD
CY2022Q1	sofi	Noncash Or Part Noncash Transaction Increase Decrease In Financing Receivable NoncashOrPartNoncashTransactionIncreaseDecreaseInFinancingReceivable	375000	USD
CY2021Q1	sofi	Noncash Or Part Noncash Transaction Increase Decrease In Financing Receivable NoncashOrPartNoncashTransactionIncreaseDecreaseInFinancingReceivable	0	USD
CY2022Q1	us-gaap	Employee Service Share Based Compensation Allocation Of Recognized Period Costs Capitalized Amount EmployeeServiceShareBasedCompensationAllocationOfRecognizedPeriodCostsCapitalizedAmount	4596000	USD
CY2021Q1	us-gaap	Employee Service Share Based Compensation Allocation Of Recognized Period Costs Capitalized Amount EmployeeServiceShareBasedCompensationAllocationOfRecognizedPeriodCostsCapitalizedAmount	0	USD
CY2022Q1	sofi	Redeemable Preferred Stock Dividends Accrued But Not Yet Paid RedeemablePreferredStockDividendsAccruedButNotYetPaid	9968000	USD
CY2021Q1	sofi	Redeemable Preferred Stock Dividends Accrued But Not Yet Paid RedeemablePreferredStockDividendsAccruedButNotYetPaid	9968000	USD
CY2022Q1	sofi	Securitization Investments Acquired From Loan Transfers SecuritizationInvestmentsAcquiredFromLoanTransfers	0	USD
CY2021Q1	sofi	Securitization Investments Acquired From Loan Transfers SecuritizationInvestmentsAcquiredFromLoanTransfers	26381000	USD
CY2022Q1	us-gaap	Noncash Or Part Noncash Acquisition Value Of Assets Acquired1 NoncashOrPartNoncashAcquisitionValueOfAssetsAcquired1	0	USD
CY2021Q1	us-gaap	Noncash Or Part Noncash Acquisition Value Of Assets Acquired1 NoncashOrPartNoncashAcquisitionValueOfAssetsAcquired1	888000	USD
CY2021Q2	sofi	Recapitalization Exchange Ratio RecapitalizationExchangeRatio	1.7428
CY2022Q1	us-gaap	Number Of Reportable Segments NumberOfReportableSegments	3	segment
CY2022Q1	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) share-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.
CY2022Q1	us-gaap	Amortization Of Financing Costs AmortizationOfFinancingCosts	1597000	USD
CY2022Q1	us-gaap	Deferred Finance Costs Net DeferredFinanceCostsNet	4127000	USD
CY2021Q4	us-gaap	Capitalized Contract Cost Gross CapitalizedContractCostGross	678000	USD
CY2022Q1	us-gaap	Demand Deposit Accounts DemandDepositAccounts	753134000	USD
CY2022Q1	us-gaap	Deposits Savings Deposits DepositsSavingsDeposits	293003000	USD
CY2022Q1	us-gaap	Time Deposits TimeDeposits	14187000	USD
CY2022Q1	us-gaap	Interest Bearing Deposit Liabilities InterestBearingDepositLiabilities	1060324000	USD
CY2022Q1	us-gaap	Time Deposits At Or Above Fdic Insurance Limit TimeDepositsAtOrAboveFDICInsuranceLimit	7537000	USD
CY2022Q1	us-gaap	Time Deposit Maturities Year One TimeDepositMaturitiesYearOne	10206000	USD
CY2022Q1	us-gaap	Time Deposit Maturities Year Two TimeDepositMaturitiesYearTwo	2774000	USD
CY2022Q1	us-gaap	Time Deposit Maturities Year Three TimeDepositMaturitiesYearThree	794000	USD
CY2022Q1	us-gaap	Time Deposit Maturities Year Four TimeDepositMaturitiesYearFour	30000	USD
CY2022Q1	us-gaap	Time Deposit Maturities Year Five TimeDepositMaturitiesYearFive	281000	USD
CY2022Q1	us-gaap	Time Deposit Maturities After Year Five TimeDepositMaturitiesAfterYearFive	102000	USD
CY2022Q1	us-gaap	Time Deposits TimeDeposits	14187000	USD
CY2022Q1	us-gaap	Derivative Fair Value Of Derivative Asset DerivativeFairValueOfDerivativeAsset	9684000	USD
CY2022Q1	us-gaap	Derivative Fair Value Of Derivative Liability DerivativeFairValueOfDerivativeLiability	10927000	USD
CY2021Q4	us-gaap	Derivative Fair Value Of Derivative Asset DerivativeFairValueOfDerivativeAsset	5561000	USD
CY2021Q4	us-gaap	Derivative Fair Value Of Derivative Liability DerivativeFairValueOfDerivativeLiability	981000	USD
CY2022Q1	us-gaap	Derivative Asset Fair Value Gross Liability DerivativeAssetFairValueGrossLiability	2942000	USD
CY2022Q1	us-gaap	Derivative Liability Fair Value Gross Asset DerivativeLiabilityFairValueGrossAsset	2942000	USD
CY2021Q4	us-gaap	Derivative Asset Fair Value Gross Liability DerivativeAssetFairValueGrossLiability	117000	USD
CY2021Q4	us-gaap	Derivative Liability Fair Value Gross Asset DerivativeLiabilityFairValueGrossAsset	117000	USD
CY2022Q1	us-gaap	Derivative Assets DerivativeAssets	6742000	USD
CY2022Q1	us-gaap	Derivative Liabilities DerivativeLiabilities	7985000	USD
CY2021Q4	us-gaap	Derivative Assets DerivativeAssets	5444000	USD
CY2021Q4	us-gaap	Derivative Liabilities DerivativeLiabilities	864000	USD
CY2022Q1	us-gaap	Derivative Notional Amount DerivativeNotionalAmount	6927491000	USD
CY2021Q4	us-gaap	Derivative Notional Amount DerivativeNotionalAmount	5798529000	USD
CY2022Q1	us-gaap	Deferred Revenue DeferredRevenue	6887000	USD
CY2021Q4	us-gaap	Deferred Revenue DeferredRevenue	2553000	USD
CY2022Q1	us-gaap	Contract With Customer Liability Revenue Recognized ContractWithCustomerLiabilityRevenueRecognized	785000	USD
CY2021Q1	us-gaap	Contract With Customer Liability Revenue Recognized ContractWithCustomerLiabilityRevenueRecognized	156000	USD
CY2022Q1	us-gaap	Capitalized Contract Cost Gross CapitalizedContractCostGross	850000	USD
CY2022Q1	us-gaap	Sales Commissions And Fees SalesCommissionsAndFees	1121000	USD
CY2021Q1	us-gaap	Sales Commissions And Fees SalesCommissionsAndFees	809000	USD
CY2022Q1	us-gaap	Capitalized Contract Cost Amortization CapitalizedContractCostAmortization	82000	USD
CY2021Q1	us-gaap	Capitalized Contract Cost Amortization CapitalizedContractCostAmortization	64000	USD
CY2022Q1	us-gaap	Contract With Customer Receivable After Allowance For Credit Loss ContractWithCustomerReceivableAfterAllowanceForCreditLoss	53103000	USD
CY2021Q4	us-gaap	Contract With Customer Receivable After Allowance For Credit Loss ContractWithCustomerReceivableAfterAllowanceForCreditLoss	33748000	USD
CY2022Q1	us-gaap	Revenue From Contract With Customer Excluding Assessed Tax RevenueFromContractWithCustomerExcludingAssessedTax	77022000	USD
CY2021Q1	us-gaap	Revenue From Contract With Customer Excluding Assessed Tax RevenueFromContractWithCustomerExcludingAssessedTax	54227000	USD
CY2021Q4	us-gaap	Goodwill Gross GoodwillGross	898527000	USD
CY2021Q4	us-gaap	Goodwill Impaired Accumulated Impairment Loss GoodwillImpairedAccumulatedImpairmentLoss	0	USD
CY2021Q4	us-gaap	Goodwill Goodwill	898527000	USD
CY2022Q1	us-gaap	Goodwill Acquired During Period GoodwillAcquiredDuringPeriod	717167000	USD
CY2022Q1	us-gaap	Goodwill Goodwill	1615694000	USD
CY2022Q1	us-gaap	Debt Securities Available For Sale Amortized Cost Excluding Accrued Interest After Allowance For Credit Loss DebtSecuritiesAvailableForSaleAmortizedCostExcludingAccruedInterestAfterAllowanceForCreditLoss	205114000	USD
CY2022Q1	us-gaap	Debt Securities Available For Sale Accrued Interest After Allowance For Credit Loss DebtSecuritiesAvailableForSaleAccruedInterestAfterAllowanceForCreditLoss	535000	USD
CY2022Q1	us-gaap	Available For Sale Debt Securities Accumulated Gross Unrealized Gain Before Tax AvailableForSaleDebtSecuritiesAccumulatedGrossUnrealizedGainBeforeTax	0	USD
CY2022Q1	us-gaap	Available For Sale Debt Securities Accumulated Gross Unrealized Loss Before Tax AvailableForSaleDebtSecuritiesAccumulatedGrossUnrealizedLossBeforeTax	5809000	USD
CY2022Q1	us-gaap	Available For Sale Securities Debt Securities AvailableForSaleSecuritiesDebtSecurities	199840000	USD
CY2021Q4	us-gaap	Debt Securities Available For Sale Amortized Cost Excluding Accrued Interest After Allowance For Credit Loss DebtSecuritiesAvailableForSaleAmortizedCostExcludingAccruedInterestAfterAllowanceForCreditLoss	195796000	USD
CY2021Q4	us-gaap	Debt Securities Available For Sale Accrued Interest After Allowance For Credit Loss DebtSecuritiesAvailableForSaleAccruedInterestAfterAllowanceForCreditLoss	462000	USD
CY2021Q4	us-gaap	Available For Sale Debt Securities Accumulated Gross Unrealized Gain Before Tax AvailableForSaleDebtSecuritiesAccumulatedGrossUnrealizedGainBeforeTax	4000	USD
CY2021Q4	us-gaap	Available For Sale Debt Securities Accumulated Gross Unrealized Loss Before Tax AvailableForSaleDebtSecuritiesAccumulatedGrossUnrealizedLossBeforeTax	1355000	USD
CY2021Q4	us-gaap	Available For Sale Securities Debt Securities AvailableForSaleSecuritiesDebtSecurities	194907000	USD
CY2022Q1	us-gaap	Accretion Amortization Of Discounts And Premiums Investments AccretionAmortizationOfDiscountsAndPremiumsInvestments	291000	USD
CY2022Q1	us-gaap	Available For Sale Securities Debt Maturities Within One Year Amortized Cost AvailableForSaleSecuritiesDebtMaturitiesWithinOneYearAmortizedCost	25939000	USD
CY2022Q1	us-gaap	Available For Sale Securities Debt Maturities After One Through Five Years Amortized Cost AvailableForSaleSecuritiesDebtMaturitiesAfterOneThroughFiveYearsAmortizedCost	162511000	USD
CY2022Q1	us-gaap	Available For Sale Securities Debt Maturities After Five Through Ten Years Amortized Cost AvailableForSaleSecuritiesDebtMaturitiesAfterFiveThroughTenYearsAmortizedCost	6185000	USD
CY2022Q1	us-gaap	Available For Sale Securities Debt Maturities After Ten Years Amortized Cost AvailableForSaleSecuritiesDebtMaturitiesAfterTenYearsAmortizedCost	10479000	USD
CY2022Q1	us-gaap	Debt Securities Available For Sale Amortized Cost Excluding Accrued Interest After Allowance For Credit Loss DebtSecuritiesAvailableForSaleAmortizedCostExcludingAccruedInterestAfterAllowanceForCreditLoss	205114000	USD
CY2022Q1	us-gaap	Debt Securities Available For Sale Maturity Within One Year Weighted Average Yield DebtSecuritiesAvailableForSaleMaturityWithinOneYearWeightedAverageYield	0.0368
CY2022Q1	us-gaap	Debt Securities Available For Sale Maturity After One Through Five Years Weighted Average Yield DebtSecuritiesAvailableForSaleMaturityAfterOneThroughFiveYearsWeightedAverageYield	0.0877
CY2022Q1	us-gaap	Debt Securities Available For Sale Maturity After Five Through Ten Years Weighted Average Yield DebtSecuritiesAvailableForSaleMaturityAfterFiveThroughTenYearsWeightedAverageYield	0.1094
CY2022Q1	us-gaap	Debt Securities Available For Sale Maturity After10 Years Weighted Average Yield DebtSecuritiesAvailableForSaleMaturityAfter10YearsWeightedAverageYield	0.1029
CY2022Q1	us-gaap	Debt Securities Available For Sale Weighted Average Yield DebtSecuritiesAvailableForSaleWeightedAverageYield	0.0827
CY2022Q1	us-gaap	Available For Sale Securities Debt Maturities Within One Year Fair Value AvailableForSaleSecuritiesDebtMaturitiesWithinOneYearFairValue	25574000	USD
CY2022Q1	us-gaap	Available For Sale Securities Debt Maturities After One Through Five Years Fair Value AvailableForSaleSecuritiesDebtMaturitiesAfterOneThroughFiveYearsFairValue	157601000	USD
CY2022Q1	us-gaap	Available For Sale Securities Debt Maturities After Five Through Ten Years Fair Value AvailableForSaleSecuritiesDebtMaturitiesAfterFiveThroughTenYearsFairValue	5968000	USD
CY2022Q1	us-gaap	Available For Sale Securities Debt Maturities After Ten Years Fair Value AvailableForSaleSecuritiesDebtMaturitiesAfterTenYearsFairValue	10162000	USD
CY2022Q1	us-gaap	Debt Securities Available For Sale Excluding Accrued Interest DebtSecuritiesAvailableForSaleExcludingAccruedInterest	199305000	USD
CY2022Q1	us-gaap	Debt Securities Available For Sale Accrued Interest After Allowance For Credit Loss DebtSecuritiesAvailableForSaleAccruedInterestAfterAllowanceForCreditLoss	535000	USD
CY2022Q1	us-gaap	Debt Securities Available For Sale Realized Gain DebtSecuritiesAvailableForSaleRealizedGain	0	USD
CY2022Q1	us-gaap	Debt Securities Available For Sale Realized Loss DebtSecuritiesAvailableForSaleRealizedLoss	161000	USD
CY2022Q1	us-gaap	Debt Securities Available For Sale Realized Gain Loss DebtSecuritiesAvailableForSaleRealizedGainLoss	-161000	USD
CY2022Q1	us-gaap	Proceeds From Sale And Maturity Of Available For Sale Securities ProceedsFromSaleAndMaturityOfAvailableForSaleSecurities	29615000	USD
CY2022Q1	us-gaap	Proceeds From Maturities Prepayments And Calls Of Available For Sale Securities ProceedsFromMaturitiesPrepaymentsAndCallsOfAvailableForSaleSecurities	11964000	USD
CY2022Q1	us-gaap	Loans Receivable Fair Value Disclosure LoansReceivableFairValueDisclosure	7002885000	USD
CY2021Q4	us-gaap	Loans Receivable Fair Value Disclosure LoansReceivableFairValueDisclosure	5952972000	USD
CY2022Q1	us-gaap	Notes Receivable Net NotesReceivableNet	7222001000	USD
CY2021Q4	us-gaap	Notes Receivable Net NotesReceivableNet	6068884000	USD
CY2022Q1	sofi	Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Purchases Securitization Clean Up Calls FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetPurchasesSecuritizationCleanUpCalls	275499000	USD
CY2022Q1	sofi	Variable Interest Entity Consolidated Number Of Entities VariableInterestEntityConsolidatedNumberOfEntities	12	entity
CY2021Q4	sofi	Variable Interest Entity Consolidated Number Of Entities VariableInterestEntityConsolidatedNumberOfEntities	13	entity
CY2021Q4	us-gaap	Allowance For Doubtful Accounts Receivable AllowanceForDoubtfulAccountsReceivable	2292000	USD
CY2022Q1	us-gaap	Provision For Doubtful Accounts ProvisionForDoubtfulAccounts	-591000	USD
CY2022Q1	us-gaap	Allowance For Doubtful Accounts Receivable Write Offs AllowanceForDoubtfulAccountsReceivableWriteOffs	49000	USD
CY2022Q1	us-gaap	Allowance For Doubtful Accounts Receivable AllowanceForDoubtfulAccountsReceivable	1652000	USD
CY2020Q4	us-gaap	Allowance For Doubtful Accounts Receivable AllowanceForDoubtfulAccountsReceivable	562000	USD
CY2021Q1	us-gaap	Provision For Doubtful Accounts ProvisionForDoubtfulAccounts	1135000	USD
CY2021Q1	us-gaap	Allowance For Doubtful Accounts Receivable Write Offs AllowanceForDoubtfulAccountsReceivableWriteOffs	778000	USD
CY2021Q1	us-gaap	Allowance For Doubtful Accounts Receivable AllowanceForDoubtfulAccountsReceivable	919000	USD
CY2022Q1	us-gaap	Allowance For Doubtful Accounts Receivable Recoveries AllowanceForDoubtfulAccountsReceivableRecoveries	1392000	USD
CY2021Q1	us-gaap	Allowance For Doubtful Accounts Receivable Recoveries AllowanceForDoubtfulAccountsReceivableRecoveries	547000	USD
CY2022Q1	sofi	Sensitivity Analysis Of Fair Value Transferors Interests In Transferred Financial Assets Impact Of25 Basis Point Adverse Change In Market Servicing Costs SensitivityAnalysisOfFairValueTransferorsInterestsInTransferredFinancialAssetsImpactOf25BasisPointAdverseChangeInMarketServicingCosts	-10651000	USD
CY2021Q4	sofi	Sensitivity Analysis Of Fair Value Transferors Interests In Transferred Financial Assets Impact Of25 Basis Point Adverse Change In Market Servicing Costs SensitivityAnalysisOfFairValueTransferorsInterestsInTransferredFinancialAssetsImpactOf25BasisPointAdverseChangeInMarketServicingCosts	-10822000	USD
CY2022Q1	sofi	Sensitivity Analysis Of Fair Value Transferors Interests In Transferred Financial Assets Impact Of50 Basis Point Adverse Change In Market Servicing Costs SensitivityAnalysisOfFairValueTransferorsInterestsInTransferredFinancialAssetsImpactOf50BasisPointAdverseChangeInMarketServicingCosts	-21303000	USD
CY2022Q1	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	-11200000	USD
CY2021Q4	sofi	Sensitivity Analysis Of Fair Value Transferors Interests In Transferred Financial Assets Impact Of50 Basis Point Adverse Change In Market Servicing Costs SensitivityAnalysisOfFairValueTransferorsInterestsInTransferredFinancialAssetsImpactOf50BasisPointAdverseChangeInMarketServicingCosts	-21644000	USD
CY2022Q1	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	-5675000	USD
CY2021Q4	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	-6260000	USD
CY2021Q4	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	-12031000	USD
CY2022Q1	sofi	Sensitivity Analysis Of Fair Value Transferors Interests In Transferred Financial Assets Impact Of10 Percent Adverse Change In Default Rate SensitivityAnalysisOfFairValueTransferorsInterestsInTransferredFinancialAssetsImpactOf10PercentAdverseChangeInDefaultRate	-206000	USD
CY2021Q4	sofi	Sensitivity Analysis Of Fair Value Transferors Interests In Transferred Financial Assets Impact Of10 Percent Adverse Change In Default Rate SensitivityAnalysisOfFairValueTransferorsInterestsInTransferredFinancialAssetsImpactOf10PercentAdverseChangeInDefaultRate	-205000	USD
CY2022Q1	sofi	Sensitivity Analysis Of Fair Value Transferors Interests In Transferred Financial Assets Impact Of20 Percent Adverse Change In Default Rate SensitivityAnalysisOfFairValueTransferorsInterestsInTransferredFinancialAssetsImpactOf20PercentAdverseChangeInDefaultRate	-410000	USD
CY2021Q4	sofi	Sensitivity Analysis Of Fair Value Transferors Interests In Transferred Financial Assets Impact Of20 Percent Adverse Change In Default Rate SensitivityAnalysisOfFairValueTransferorsInterestsInTransferredFinancialAssetsImpactOf20PercentAdverseChangeInDefaultRate	-408000	USD
CY2022Q1	sofi	Sensitivity Analysis Of Fair Value Transferors Interests In Transferred Financial Assets Impact Of100 Basis Points Adverse Change In Discount Rate SensitivityAnalysisOfFairValueTransferorsInterestsInTransferredFinancialAssetsImpactOf100BasisPointsAdverseChangeInDiscountRate	-4698000	USD
CY2021Q4	sofi	Sensitivity Analysis Of Fair Value Transferors Interests In Transferred Financial Assets Impact Of100 Basis Points Adverse Change In Discount Rate SensitivityAnalysisOfFairValueTransferorsInterestsInTransferredFinancialAssetsImpactOf100BasisPointsAdverseChangeInDiscountRate	-3782000	USD
CY2022Q1	sofi	Sensitivity Analysis Of Fair Value Transferors Interests In Transferred Financial Assets Impact Of200 Basis Points Adverse Change In Discount Rate SensitivityAnalysisOfFairValueTransferorsInterestsInTransferredFinancialAssetsImpactOf200BasisPointsAdverseChangeInDiscountRate	-9084000	USD
CY2021Q4	sofi	Sensitivity Analysis Of Fair Value Transferors Interests In Transferred Financial Assets Impact Of200 Basis Points Adverse Change In Discount Rate SensitivityAnalysisOfFairValueTransferorsInterestsInTransferredFinancialAssetsImpactOf200BasisPointsAdverseChangeInDiscountRate	-7349000	USD
CY2021Q4	us-gaap	Servicing Asset At Fair Value Amount ServicingAssetAtFairValueAmount	168259000	USD
CY2022Q1	us-gaap	Servicing Asset At Fair Value Additions ServicingAssetAtFairValueAdditions	16486000	USD
CY2022Q1	sofi	Servicing Asset At Fair Value Assumed From Third Parties ServicingAssetAtFairValueAssumedFromThirdParties	629000	USD
CY2022Q1	us-gaap	Servicing Asset At Fair Value Disposals ServicingAssetAtFairValueDisposals	1410000	USD
CY2022Q1	us-gaap	Servicing Asset At Fair Value Changes In Fair Value Resulting From Changes In Valuation Inputs Or Changes In Assumptions ServicingAssetAtFairValueChangesInFairValueResultingFromChangesInValuationInputsOrChangesInAssumptions	11580000	USD
CY2022Q1	us-gaap	Servicing Asset At Fair Value Other Changes That Affect Balance ServicingAssetAtFairValueOtherChangesThatAffectBalance	-22039000	USD
CY2022Q1	us-gaap	Servicing Asset At Fair Value Amount ServicingAssetAtFairValueAmount	173505000	USD
CY2020Q4	us-gaap	Servicing Asset At Fair Value Amount ServicingAssetAtFairValueAmount	149597000	USD
CY2021Q1	us-gaap	Servicing Asset At Fair Value Additions ServicingAssetAtFairValueAdditions	46131000	USD
CY2021Q1	us-gaap	Servicing Asset At Fair Value Changes In Fair Value Resulting From Changes In Valuation Inputs Or Changes In Assumptions ServicingAssetAtFairValueChangesInFairValueResultingFromChangesInValuationInputsOrChangesInAssumptions	-12109000	USD
CY2021Q1	us-gaap	Servicing Asset At Fair Value Other Changes That Affect Balance ServicingAssetAtFairValueOtherChangesThatAffectBalance	-22379000	USD
CY2021Q1	us-gaap	Servicing Asset At Fair Value Amount ServicingAssetAtFairValueAmount	161240000	USD
CY2022Q1	us-gaap	Debt Instrument Carrying Amount DebtInstrumentCarryingAmount	4958806000	USD
CY2021Q4	us-gaap	Debt Instrument Carrying Amount DebtInstrumentCarryingAmount	3993358000	USD
CY2022Q1	us-gaap	Debt Instrument Unamortized Discount Premium And Debt Issuance Costs Net DebtInstrumentUnamortizedDiscountPremiumAndDebtIssuanceCostsNet	42631000	USD
CY2021Q4	us-gaap	Debt Instrument Unamortized Discount Premium And Debt Issuance Costs Net DebtInstrumentUnamortizedDiscountPremiumAndDebtIssuanceCostsNet	45375000	USD
CY2022Q1	us-gaap	Long Term Debt LongTermDebt	4916175000	USD
CY2021Q4	us-gaap	Long Term Debt LongTermDebt	3947983000	USD
CY2022Q1	sofi	Debt Instrument Debt Premiums Issued DebtInstrumentDebtPremiumsIssued	0	USD
CY2022Q1	sofi	Debt Instrument Debt Discounts Issued DebtInstrumentDebtDiscountsIssued	0	USD
CY2022Q1	us-gaap	Payments Of Loan Costs PaymentsOfLoanCosts	700000	USD
CY2022Q1	us-gaap	Dividends Payable Current And Noncurrent DividendsPayableCurrentAndNoncurrent	9968000	USD
CY2021Q4	us-gaap	Dividends Payable Current And Noncurrent DividendsPayableCurrentAndNoncurrent	0	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
CY2022Q1	us-gaap	Common Stock Shares Issued CommonStockSharesIssued	915673855	shares
CY2022Q1	us-gaap	Common Stock Shares Outstanding CommonStockSharesOutstanding	915673855	shares
CY2022Q1	us-gaap	Common Stock Capital Shares Reserved For Future Issuance CommonStockCapitalSharesReservedForFutureIssuance	193427271	shares
CY2021Q4	us-gaap	Common Stock Capital Shares Reserved For Future Issuance CommonStockCapitalSharesReservedForFutureIssuance	191008538	shares
CY2022Q1	us-gaap	Other Comprehensive Income Loss Before Reclassifications Net Of Tax OtherComprehensiveIncomeLossBeforeReclassificationsNetOfTax	-4654000	USD
CY2022Q1	us-gaap	Reclassification From Accumulated Other Comprehensive Income Current Period Net Of Tax ReclassificationFromAccumulatedOtherComprehensiveIncomeCurrentPeriodNetOfTax	-161000	USD
CY2022Q1	us-gaap	Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent	-4493000	USD
CY2021Q1	us-gaap	Other Comprehensive Income Loss Before Reclassifications Net Of Tax OtherComprehensiveIncomeLossBeforeReclassificationsNetOfTax	-80000	USD
CY2021Q1	us-gaap	Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent	-80000	USD
CY2021Q2	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Number Of Shares Authorized ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesAuthorized	63575425	shares
CY2022Q1	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Number Of Additional Shares Authorized ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfAdditionalSharesAuthorized	8937242	shares
CY2022Q1	us-gaap	Allocated Share Based Compensation Expense AllocatedShareBasedCompensationExpense	77021000	USD
CY2021Q1	us-gaap	Allocated Share Based Compensation Expense AllocatedShareBasedCompensationExpense	37454000	USD
CY2021Q4	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber	21171147	shares
CY2021Q4	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice	6.81
CY2021	us-gaap	Sharebased Compensation Arrangement By Sharebased Payment Award Options Outstanding Weighted Average Remaining Contractual Term2 SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2	P5Y9M18D
CY2022Q1	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross	0	shares
CY2022Q1	us-gaap	Stock Issued During Period Shares Stock Options Exercised StockIssuedDuringPeriodSharesStockOptionsExercised	1055775	shares
CY2022Q1	us-gaap	Share Based Compensation Arrangements By Share Based Payment Award Options Exercises In Period Weighted Average Exercise Price ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExercisePrice	1.77
CY2022Q1	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures In Period ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresInPeriod	692	shares
CY2022Q1	us-gaap	Share Based Compensation Arrangements By Share Based Payment Award Options Forfeitures In Period Weighted Average Exercise Price ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsForfeituresInPeriodWeightedAverageExercisePrice	6.82
CY2022Q1	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Options Expirations In Period ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExpirationsInPeriod	55365	shares
CY2022Q1	us-gaap	Share Based Compensation Arrangements By Share Based Payment Award Options Expirations In Period Weighted Average Exercise Price ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExpirationsInPeriodWeightedAverageExercisePrice	0.61
CY2022Q1	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber	20059315	shares
CY2022Q1	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice	7.09
CY2022Q1	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit	752000	USD
CY2022Q1	us-gaap	Sharebased Compensation Arrangement By Sharebased Payment Award Options Outstanding Weighted Average Remaining Contractual Term2 SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2	P5Y7M6D
CY2022Q1	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Number ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableNumber	19906559	shares
CY2022Q1	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Weighted Average Exercise Price ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableWeightedAverageExercisePrice	7.10
CY2022Q1	us-gaap	Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Weighted Average Remaining Contractual Term1 SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableWeightedAverageRemainingContractualTerm1	P5Y7M6D
CY2022Q1	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross	0	shares
CY2022Q1	us-gaap	Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized Stock Options EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedStockOptions	4500000	USD
CY2022Q1	sofi	Share Based Payment Arrangement Expense From Modification Date Fair Value ShareBasedPaymentArrangementExpenseFromModificationDateFairValue	954000	USD
CY2021Q1	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit	1099000	USD
CY2022Q1	us-gaap	Right Of Use Asset Obtained In Exchange For Operating Lease Liability RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability	764000	USD
CY2021Q1	sofi	Increase Decrease In Operating Lease Cost Concession IncreaseDecreaseInOperatingLeaseCostConcession	566000	USD
CY2022Q1	sofi	Number Of Contingent Repurchase Obligations NumberOfContingentRepurchaseObligations	3	repurchaseObligation
CY2022Q1	sofi	Contingent Repurchase Obligation With Counterparty Amount At Risk ContingentRepurchaseObligationWithCounterpartyAmountAtRisk	5201000	USD
CY2021Q4	sofi	Contingent Repurchase Obligation With Counterparty Amount At Risk ContingentRepurchaseObligationWithCounterpartyAmountAtRisk	7441000	USD
CY2021Q4	sofi	Maximum Repurchase Obligation MaximumRepurchaseObligation	6500000000	USD
CY2022Q1	sofi	Maximum Repurchase Obligation MaximumRepurchaseObligation	6500000000	USD
CY2021Q4	us-gaap	Letters Of Credit Outstanding Amount LettersOfCreditOutstandingAmount	9100000	USD
CY2022Q1	us-gaap	Letters Of Credit Outstanding Amount LettersOfCreditOutstandingAmount	9100000	USD
CY2022Q1	sofi	Letter Of Credit Collateral Amount LetterOfCreditCollateralAmount	3100000	USD
CY2021Q4	sofi	Letter Of Credit Collateral Amount LetterOfCreditCollateralAmount	3100000	USD
CY2022Q1	us-gaap	Net Income Loss NetIncomeLoss	-110357000	USD
CY2021Q1	us-gaap	Net Income Loss NetIncomeLoss	-177564000	USD
CY2022Q1	us-gaap	Preferred Stock Dividends Income Statement Impact PreferredStockDividendsIncomeStatementImpact	9968000	USD
CY2021Q1	us-gaap	Preferred Stock Dividends Income Statement Impact PreferredStockDividendsIncomeStatementImpact	9968000	USD
CY2022Q1	us-gaap	Net Income Loss Available To Common Stockholders Basic NetIncomeLossAvailableToCommonStockholdersBasic	-120325000	USD
CY2022Q1	us-gaap	Net Income Loss Available To Common Stockholders Diluted NetIncomeLossAvailableToCommonStockholdersDiluted	-120325000	USD
CY2021Q1	us-gaap	Net Income Loss Available To Common Stockholders Diluted NetIncomeLossAvailableToCommonStockholdersDiluted	-187532000	USD
CY2021Q1	us-gaap	Net Income Loss Available To Common Stockholders Basic NetIncomeLossAvailableToCommonStockholdersBasic	-187532000	USD
CY2022Q1	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	852853596	shares
CY2021Q1	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	116152593	shares
CY2022Q1	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	852853596	shares
CY2021Q1	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	116152593	shares
CY2022Q1	us-gaap	Earnings Per Share Basic EarningsPerShareBasic	-0.14
CY2021Q1	us-gaap	Earnings Per Share Basic EarningsPerShareBasic	-1.61
CY2022Q1	us-gaap	Earnings Per Share Diluted EarningsPerShareDiluted	-0.14
CY2021Q1	us-gaap	Earnings Per Share Diluted EarningsPerShareDiluted	-1.61
CY2022Q1	us-gaap	Number Of Reportable Segments NumberOfReportableSegments	3	segment
CY2021Q1	us-gaap	Interest Income Related Party InterestIncomeRelatedParty	211000	USD
CY2022Q1	us-gaap	Interest Income Expense Net InterestIncomeExpenseNet	94933000	USD
CY2022Q1	us-gaap	Noninterest Income NoninterestIncome	235411000	USD
CY2022Q1	us-gaap	Revenues Net Of Interest Expense RevenuesNetOfInterestExpense	330344000	USD
CY2021Q1	us-gaap	Interest Income Expense Net InterestIncomeExpenseNet	47280000	USD
CY2021Q1	us-gaap	Noninterest Income NoninterestIncome	148704000	USD
CY2021Q1	us-gaap	Revenues Net Of Interest Expense RevenuesNetOfInterestExpense	195984000	USD
CY2022Q1	us-gaap	Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest	-109605000	USD
CY2021Q1	us-gaap	Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest	-176465000	USD
CY2022Q1	us-gaap	Time Deposits At Or Above Fdic Insurance Limit TimeDepositsAtOrAboveFDICInsuranceLimit	7537000	USD

Files In Submission

Name	View Source	Status
0001818874-22-000071-index-headers.html	Edgar Link	pending
0001818874-22-000071-index.html	Edgar Link	pending
0001818874-22-000071.txt	Edgar Link	pending
0001818874-22-000071-xbrl.zip	Edgar Link	pending
ex311-sofiq122.htm	Edgar Link	pending
ex312-sofiq122.htm	Edgar Link	pending
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$SOFI
SoFi Technologies, Inc. Stock $sofi

2022 Q2 Form 10-Q Financial Statement

#000181887422000071 Filed on May 10, 2022

Income Statement

Balance Sheet

Cashflow Statement

Facts In Submission

Files In Submission

$SOFI SoFi Technologies, Inc. Stock $sofi

2022 Q2 Form 10-Q Financial Statement

#000181887422000071 Filed on May 10, 2022

Income Statement

Balance Sheet

Cashflow Statement

Facts In Submission

Files In Submission

$SOFI
SoFi Technologies, Inc. Stock $sofi