2023 Q2 Form 10-Q Financial Statement

#000181887423000095 Filed on May 10, 2023

View on sec.gov

Income Statement

Concept 2023 Q2 2023 Q1
Revenue $104.7M $95.48M
YoY Change 6.37% -71.1%
Cost Of Revenue $93.89M $83.91M
YoY Change 18.71% 19.12%
Gross Profit $10.81M $11.57M
YoY Change -44.08% -95.55%
Gross Profit Margin 10.32% 12.12%
Selling, General & Admin $314.0M $298.8M
YoY Change 16.43% 8.81%
% of Gross Profit 2905.27% 2582.02%
Research & Development $126.8M $117.1M
YoY Change 27.65% 42.92%
% of Gross Profit 1173.62% 1011.4%
Depreciation & Amortization $50.13M $45.32M
YoY Change 31.73% 47.64%
% of Gross Profit 463.82% 391.58%
Operating Expenses $440.8M $415.9M
YoY Change 19.45% 16.65%
Operating Profit -$430.0M -$404.3M
YoY Change 22.97% 318.37%
Interest Expense $178.9M $135.6M
YoY Change 567.85% 477.34%
% of Operating Profit
Other Income/Expense, Net
YoY Change
Pretax Income -$49.33M -$36.06M
YoY Change -48.46% -67.1%
Income Tax -$1.780M -$1.637M
% Of Pretax Income
Net Earnings -$47.55M -$34.42M
YoY Change -50.38% -68.81%
Net Earnings / Revenue -45.42% -36.05%
Basic Earnings Per Share -$0.06 -$0.05
Diluted Earnings Per Share -$0.06 -$0.04
COMMON SHARES
Basic Shares Outstanding 940.9M shares 934.6M shares
Diluted Shares Outstanding 936.6M shares 929.3M shares

Balance Sheet

Concept 2023 Q2 2023 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments
YoY Change
Cash & Equivalents $3.016B $2.488B
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 $285.9M $274.4M
YoY Change 11.03% 12.48%
Goodwill $1.641B $1.623B
YoY Change 0.45%
Intangibles $412.1M $419.9M
YoY Change -16.94%
Long-Term Investments
YoY Change
Other Assets
YoY Change
Total Long-Term Assets
YoY Change
TOTAL ASSETS
Total Short-Term Assets
Total Long-Term Assets
Total Assets $25.56B $22.45B
YoY Change 101.73% 83.34%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $632.5M $554.1M
YoY Change 16.62% 26.71%
Accrued Expenses $115.2M $114.9M
YoY Change -12.53% -15.49%
Deferred Revenue $6.823M $8.526M
YoY Change
Short-Term Debt
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $747.7M $669.0M
YoY Change 10.92% 16.7%
LONG-TERM LIABILITIES
Long-Term Debt $6.496B $6.141B
YoY Change 71.93% 23.15%
Other Long-Term Liabilities
YoY Change
Total Long-Term Liabilities $6.496B $6.141B
YoY Change 71.93% 23.15%
TOTAL LIABILITIES
Total Short-Term Liabilities $747.7M $669.0M
Total Long-Term Liabilities $6.496B $6.141B
Total Liabilities $19.98B $16.90B
YoY Change 178.93% 151.62%
SHAREHOLDERS EQUITY
Retained Earnings -$1.585B -$1.538B
YoY Change 18.9%
Common Stock $94.00K $94.00K
YoY Change 3.3%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $5.258B $5.554B
YoY Change
Total Liabilities & Shareholders Equity $25.56B $22.45B
YoY Change 101.73% 83.34%

Cashflow Statement

Concept 2023 Q2 2023 Q1
OPERATING ACTIVITIES
Net Income -$47.55M -$34.42M
YoY Change -50.38% -68.81%
Depreciation, Depletion And Amortization $50.13M $45.32M
YoY Change 31.73% 47.64%
Cash From Operating Activities -$2.080B -$2.213B
YoY Change 119.98% 118.82%
INVESTING ACTIVITIES
Capital Expenditures $27.60M $26.53M
YoY Change -210.77% -205.65%
Acquisitions $17.95M
YoY Change -124.48%
Other Investing Activities -$240.1M -$13.62M
YoY Change 703.39% -118.16%
Cash From Investing Activities -$267.7M -$40.15M
YoY Change 388.48% -180.5%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 2.871B $3.384B
YoY Change 866.37% 78.58%
NET CHANGE
Cash From Operating Activities -2.080B -$2.213B
Cash From Investing Activities -267.7M -$40.15M
Cash From Financing Activities 2.871B $3.384B
Net Change In Cash 523.2M $1.131B
YoY Change -174.4% 21.14%
FREE CASH FLOW
Cash From Operating Activities -$2.080B -$2.213B
Capital Expenditures $27.60M $26.53M
Free Cash Flow -$2.108B -$2.239B
YoY Change 128.93% 127.08%

Facts In Submission

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TemporaryEquitySharesOutstanding
3234000 shares
CY2022Q4 us-gaap Temporary Equity Carrying Amount Attributable To Parent
TemporaryEquityCarryingAmountAttributableToParent
320374000 usd
CY2023Q1 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
70653000 usd
CY2023Q1 us-gaap Stock Issued During Period Value Restricted Stock Award Gross
StockIssuedDuringPeriodValueRestrictedStockAwardGross
0 usd
CY2023Q1 us-gaap Adjustments Related To Tax Withholding For Share Based Compensation
AdjustmentsRelatedToTaxWithholdingForShareBasedCompensation
2416000 usd
CY2023Q1 us-gaap Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
168000 usd
CY2023Q1 us-gaap Redeemable Preferred Stock Dividends
RedeemablePreferredStockDividends
9968000 usd
CY2023Q1 us-gaap Net Income Loss
NetIncomeLoss
-34422000 usd
CY2023Q1 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
1955000 usd
CY2023Q1 us-gaap Stockholders Equity
StockholdersEquity
5234072000 usd
CY2023Q1 us-gaap Temporary Equity Shares Outstanding
TemporaryEquitySharesOutstanding
3234000 shares
CY2023Q1 us-gaap Temporary Equity Carrying Amount Attributable To Parent
TemporaryEquityCarryingAmountAttributableToParent
320374000 usd
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 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 sofi Stock Issued During Period Value Acquisitions Vested Shares Acquired
StockIssuedDuringPeriodValueAcquisitionsVestedSharesAcquired
2855000 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
CY2023Q1 us-gaap Net Income Loss
NetIncomeLoss
-34422000 usd
CY2022Q1 us-gaap Net Income Loss
NetIncomeLoss
-110357000 usd
CY2023Q1 us-gaap Share Based Compensation
ShareBasedCompensation
64226000 usd
CY2022Q1 us-gaap Share Based Compensation
ShareBasedCompensation
77021000 usd
CY2023Q1 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
45321000 usd
CY2022Q1 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
30698000 usd
CY2023Q1 us-gaap Amortization Of Financing Costs And Discounts
AmortizationOfFinancingCostsAndDiscounts
4852000 usd
CY2022Q1 us-gaap Amortization Of Financing Costs And Discounts
AmortizationOfFinancingCostsAndDiscounts
4209000 usd
CY2023Q1 us-gaap Financing Receivable Excluding Accrued Interest Credit Loss Expense Reversal
FinancingReceivableExcludingAccruedInterestCreditLossExpenseReversal
8407000 usd
CY2022Q1 us-gaap Financing Receivable Excluding Accrued Interest Credit Loss Expense Reversal
FinancingReceivableExcludingAccruedInterestCreditLossExpenseReversal
12961000 usd
CY2023Q1 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
68000 usd
CY2022Q1 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
-40000 usd
CY2023Q1 sofi Fair Value Adjustment Of Residual Interests Classified As Debt
FairValueAdjustmentOfResidualInterestsClassifiedAsDebt
89000 usd
CY2022Q1 sofi Fair Value Adjustment Of Residual Interests Classified As Debt
FairValueAdjustmentOfResidualInterestsClassifiedAsDebt
2963000 usd
CY2023Q1 sofi Fair Value Adjustment Of Securitization Of Loans
FairValueAdjustmentOfSecuritizationOfLoans
-100000 usd
CY2022Q1 sofi Fair Value Adjustment Of Securitization Of Loans
FairValueAdjustmentOfSecuritizationOfLoans
-6545000 usd
CY2023Q1 us-gaap Other Noncash Income Expense
OtherNoncashIncomeExpense
2317000 usd
CY2022Q1 us-gaap Other Noncash Income Expense
OtherNoncashIncomeExpense
-3219000 usd
CY2023Q1 us-gaap Increase Decrease In Loans Held For Sale
IncreaseDecreaseInLoansHeldForSale
2301031000 usd
CY2022Q1 us-gaap Increase Decrease In Loans Held For Sale
IncreaseDecreaseInLoansHeldForSale
1049913000 usd
CY2023Q1 sofi Increase Decrease In Servicing Assets From Securitization
IncreaseDecreaseInServicingAssetsFromSecuritization
-3340000 usd
CY2022Q1 sofi Increase Decrease In Servicing Assets From Securitization
IncreaseDecreaseInServicingAssetsFromSecuritization
5246000 usd
CY2023Q1 us-gaap Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
-15823000 usd
CY2022Q1 us-gaap Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
13623000 usd
CY2023Q1 us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
-17216000 usd
CY2022Q1 us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
30339000 usd
CY2023Q1 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-2212760000 usd
CY2022Q1 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-1011224000 usd
CY2023Q1 us-gaap Payments To Acquire Productive Assets
PaymentsToAcquireProductiveAssets
23720000 usd
CY2022Q1 us-gaap Payments To Acquire Productive Assets
PaymentsToAcquireProductiveAssets
25114000 usd
CY2023Q1 us-gaap Capitalized Computer Software Period Increase Decrease
CapitalizedComputerSoftwarePeriodIncreaseDecrease
2814000 usd
CY2022Q1 us-gaap Capitalized Computer Software Period Increase Decrease
CapitalizedComputerSoftwarePeriodIncreaseDecrease
0 usd
CY2023Q1 us-gaap Payments To Acquire Available For Sale Securities Debt
PaymentsToAcquireAvailableForSaleSecuritiesDebt
260608000 usd
CY2022Q1 us-gaap Payments To Acquire Available For Sale Securities Debt
PaymentsToAcquireAvailableForSaleSecuritiesDebt
36825000 usd
CY2023Q1 us-gaap Proceeds From Sale Of Available For Sale Securities Debt
ProceedsFromSaleOfAvailableForSaleSecuritiesDebt
265634000 usd
CY2022Q1 us-gaap Proceeds From Sale Of Available For Sale Securities Debt
ProceedsFromSaleOfAvailableForSaleSecuritiesDebt
17651000 usd
CY2023Q1 us-gaap Proceeds From Maturities Prepayments And Calls Of Available For Sale Securities
ProceedsFromMaturitiesPrepaymentsAndCallsOfAvailableForSaleSecurities
20409000 usd
CY2022Q1 us-gaap Proceeds From Maturities Prepayments And Calls Of Available For Sale Securities
ProceedsFromMaturitiesPrepaymentsAndCallsOfAvailableForSaleSecurities
11964000 usd
CY2023Q1 sofi Increase Decrease In Financing Receivables After Allowance For Credit Loss
IncreaseDecreaseInFinancingReceivablesAfterAllowanceForCreditLoss
29544000 usd
CY2022Q1 sofi Increase Decrease In Financing Receivables After Allowance For Credit Loss
IncreaseDecreaseInFinancingReceivablesAfterAllowanceForCreditLoss
33884000 usd
CY2023Q1 sofi Proceeds From Receipts From Securitization Investments
ProceedsFromReceiptsFromSecuritizationInvestments
15999000 usd
CY2022Q1 sofi Proceeds From Receipts From Securitization Investments
ProceedsFromReceiptsFromSecuritizationInvestments
42773000 usd
CY2023Q1 us-gaap Payments To Acquire Other Investments
PaymentsToAcquireOtherInvestments
7563000 usd
CY2022Q1 us-gaap Payments To Acquire Other Investments
PaymentsToAcquireOtherInvestments
0 usd
CY2023Q1 us-gaap Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
17946000 usd
CY2022Q1 us-gaap Cash Acquired In Excess Of Payments To Acquire Business
CashAcquiredInExcessOfPaymentsToAcquireBusiness
73314000 usd
CY2023Q1 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-40153000 usd
CY2022Q1 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
49879000 usd
CY2023Q1 us-gaap Increase Decrease In Deposits
IncreaseDecreaseInDeposits
2754540000 usd
CY2022Q1 us-gaap Increase Decrease In Deposits
IncreaseDecreaseInDeposits
961834000 usd
CY2023Q1 us-gaap Proceeds From Repayments Of Secured Debt
ProceedsFromRepaymentsOfSecuredDebt
444106000 usd
CY2022Q1 us-gaap Proceeds From Repayments Of Secured Debt
ProceedsFromRepaymentsOfSecuredDebt
1049618000 usd
CY2023Q1 us-gaap Proceeds From Issuance Of Other Long Term Debt
ProceedsFromIssuanceOfOtherLongTermDebt
339995000 usd
CY2022Q1 us-gaap Proceeds From Issuance Of Other Long Term Debt
ProceedsFromIssuanceOfOtherLongTermDebt
0 usd
CY2023Q1 us-gaap Repayments Of Other Long Term Debt
RepaymentsOfOtherLongTermDebt
147985000 usd
CY2022Q1 us-gaap Repayments Of Other Long Term Debt
RepaymentsOfOtherLongTermDebt
112283000 usd
CY2023Q1 us-gaap Payments Of Debt Issuance Costs
PaymentsOfDebtIssuanceCosts
3865000 usd
CY2022Q1 us-gaap Payments Of Debt Issuance Costs
PaymentsOfDebtIssuanceCosts
2165000 usd
CY2023Q1 us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
2416000 usd
CY2022Q1 us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
3593000 usd
CY2023Q1 us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
168000 usd
CY2022Q1 us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
1867000 usd
CY2023Q1 us-gaap Finance Lease Principal Payments
FinanceLeasePrincipalPayments
125000 usd
CY2022Q1 us-gaap Finance Lease Principal Payments
FinanceLeasePrincipalPayments
120000 usd
CY2023Q1 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
3384418000 usd
CY2022Q1 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
1895158000 usd
CY2023Q1 us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
-293000 usd
CY2022Q1 us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
-38000 usd
CY2023Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
1131212000 usd
CY2022Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
933775000 usd
CY2022Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
1846302000 usd
CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
768437000 usd
CY2023Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
2977514000 usd
CY2022Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
1702212000 usd
CY2023Q1 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
2487778000 usd
CY2022Q1 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
1325135000 usd
CY2023Q1 us-gaap Restricted Cash And Cash Equivalents
RestrictedCashAndCashEquivalents
489736000 usd
CY2022Q1 us-gaap Restricted Cash And Cash Equivalents
RestrictedCashAndCashEquivalents
377077000 usd
CY2023Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
2977514000 usd
CY2022Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
1702212000 usd
CY2023Q1 sofi Deposits Credited But Not Yet Obtained In Cash
DepositsCreditedButNotYetObtainedInCash
39701000 usd
CY2022Q1 sofi Deposits Credited But Not Yet Obtained In Cash
DepositsCreditedButNotYetObtainedInCash
36072000 usd
CY2023Q1 us-gaap Employee Service Share Based Compensation Allocation Of Recognized Period Costs Capitalized Amount
EmployeeServiceShareBasedCompensationAllocationOfRecognizedPeriodCostsCapitalizedAmount
6427000 usd
CY2022Q1 us-gaap Employee Service Share Based Compensation Allocation Of Recognized Period Costs Capitalized Amount
EmployeeServiceShareBasedCompensationAllocationOfRecognizedPeriodCostsCapitalizedAmount
4596000 usd
CY2023Q1 sofi Non Cash Loan Reduction
NonCashLoanReduction
483000 usd
CY2022Q1 sofi Non Cash Loan Reduction
NonCashLoanReduction
375000 usd
CY2023Q1 us-gaap Debt Issuance Costs Incurred During Noncash Or Partial Noncash Transaction
DebtIssuanceCostsIncurredDuringNoncashOrPartialNoncashTransaction
413000 usd
CY2022Q1 us-gaap Debt Issuance Costs Incurred During Noncash Or Partial Noncash Transaction
DebtIssuanceCostsIncurredDuringNoncashOrPartialNoncashTransaction
0 usd
CY2023Q1 us-gaap Noncash Or Part Noncash Acquisition Value Of Assets Acquired1
NoncashOrPartNoncashAcquisitionValueOfAssetsAcquired1
82000 usd
CY2022Q1 us-gaap Noncash Or Part Noncash Acquisition Value Of Assets Acquired1
NoncashOrPartNoncashAcquisitionValueOfAssetsAcquired1
0 usd
CY2023Q1 sofi Noncash Or Part Noncash Acquisition Deposits Assumed
NoncashOrPartNoncashAcquisitionDepositsAssumed
0 usd
CY2022Q1 sofi Noncash Or Part Noncash Acquisition Deposits Assumed
NoncashOrPartNoncashAcquisitionDepositsAssumed
158016000 usd
CY2023Q1 sofi Noncash Or Part Noncash Acquisition Financing Receivables Acquired
NoncashOrPartNoncashAcquisitionFinancingReceivablesAcquired
0 usd
CY2022Q1 sofi Noncash Or Part Noncash Acquisition Financing Receivables Acquired
NoncashOrPartNoncashAcquisitionFinancingReceivablesAcquired
84485000 usd
CY2023Q1 us-gaap Noncash Or Part Noncash Acquisition Investments Acquired1
NoncashOrPartNoncashAcquisitionInvestmentsAcquired1
0 usd
CY2022Q1 us-gaap Noncash Or Part Noncash Acquisition Investments Acquired1
NoncashOrPartNoncashAcquisitionInvestmentsAcquired1
10014000 usd
CY2023Q1 us-gaap Noncash Or Part Noncash Acquisition Fixed Assets Acquired1
NoncashOrPartNoncashAcquisitionFixedAssetsAcquired1
0 usd
CY2022Q1 us-gaap Noncash Or Part Noncash Acquisition Fixed Assets Acquired1
NoncashOrPartNoncashAcquisitionFixedAssetsAcquired1
3192000 usd
CY2023Q1 us-gaap Noncash Or Part Noncash Acquisition Debt Assumed1
NoncashOrPartNoncashAcquisitionDebtAssumed1
0 usd
CY2022Q1 us-gaap Noncash Or Part Noncash Acquisition Debt Assumed1
NoncashOrPartNoncashAcquisitionDebtAssumed1
2000000 usd
CY2023Q1 us-gaap Number Of Reportable Segments
NumberOfReportableSegments
3 segment
CY2023Q1 us-gaap Noninterest Income Other Operating Income
NoninterestIncomeOtherOperatingIncome
4590000 usd
CY2023Q1 us-gaap Use Of Estimates
UseOfEstimates
The preparation of our condensed consolidated financial statements and related disclosures in conformity with GAAP requires management to make assumptions and estimates that affect the reported amounts of assets, liabilities, revenue, expenses, and the disclosures of contingent assets and liabilities. These estimates and assumptions are inherently subjective in nature and, therefore, actual results may differ from our estimates and assumptions, and the differences could be material. Management bases its estimates on historical experience and on various other factors it believes to be reasonable under the circumstances. These assumptions and estimates include, but are not limited to, the following: (i) fair value measurements; (ii) business combinations; and (iii) goodwill.
CY2023Q1 us-gaap Restructuring Charges
RestructuringCharges
4953000 usd
CY2023Q1 sofi Antidilutive Securities Excluded From Computation Of Earnings Per Share Shares Released Subsequent Acquisition Close Period
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareSharesReleasedSubsequentAcquisitionClosePeriod
P15M
CY2022Q1 us-gaap Noninterest Income Other Operating Income
NoninterestIncomeOtherOperatingIncome
-270000 usd
CY2023Q1 us-gaap Revenue Not From Contract With Customer Excluding Interest Income
RevenueNotFromContractWithCustomerExcludingInterestIncome
140666000 usd
CY2022Q4 us-gaap Goodwill
Goodwill
1622991000 usd
CY2023Q1 us-gaap Goodwill
Goodwill
1622991000 usd
CY2023Q1 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
95482000 usd
CY2022Q1 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
77022000 usd
CY2023Q1 sofi Noninterest Income Loan Originations And Sales
NoninterestIncomeLoanOriginationsAndSales
126511000 usd
CY2022Q1 sofi Noninterest Income Loan Originations And Sales
NoninterestIncomeLoanOriginationsAndSales
157704000 usd
CY2023Q1 us-gaap Gain Loss On Securitization Of Financial Assets
GainLossOnSecuritizationOfFinancialAssets
-3177000 usd
CY2022Q1 us-gaap Gain Loss On Securitization Of Financial Assets
GainLossOnSecuritizationOfFinancialAssets
-11281000 usd
CY2023Q1 sofi Noninterest Income Servicing
NoninterestIncomeServicing
12742000 usd
CY2022Q1 sofi Noninterest Income Servicing
NoninterestIncomeServicing
12236000 usd
CY2022Q1 us-gaap Revenue Not From Contract With Customer Excluding Interest Income
RevenueNotFromContractWithCustomerExcludingInterestIncome
158389000 usd
CY2023Q1 us-gaap Noninterest Income
NoninterestIncome
236148000 usd
CY2022Q1 us-gaap Noninterest Income
NoninterestIncome
235411000 usd
CY2023Q1 us-gaap Contract With Customer Liability Current
ContractWithCustomerLiabilityCurrent
8526000 usd
CY2022Q4 us-gaap Contract With Customer Liability Current
ContractWithCustomerLiabilityCurrent
10028000 usd
CY2023Q1 sofi Contract With Customer Liability Revenue Recognized Including Opening Balance
ContractWithCustomerLiabilityRevenueRecognizedIncludingOpeningBalance
2340000 usd
CY2022Q1 sofi Contract With Customer Liability Revenue Recognized Including Opening Balance
ContractWithCustomerLiabilityRevenueRecognizedIncludingOpeningBalance
785000 usd
CY2023Q1 us-gaap Contract With Customer Receivable After Allowance For Credit Loss
ContractWithCustomerReceivableAfterAllowanceForCreditLoss
58772000 usd
CY2022Q4 us-gaap Contract With Customer Receivable After Allowance For Credit Loss
ContractWithCustomerReceivableAfterAllowanceForCreditLoss
61226000 usd
CY2023Q1 us-gaap Loans Receivable Held For Sale Amount
LoansReceivableHeldForSaleAmount
15858105000 usd
CY2022Q4 us-gaap Loans Receivable Held For Sale Amount
LoansReceivableHeldForSaleAmount
13557074000 usd
CY2023Q1 us-gaap Notes Receivable Net
NotesReceivableNet
328029000 usd
CY2022Q4 us-gaap Notes Receivable Net
NotesReceivableNet
307957000 usd
CY2023Q1 sofi Financing Receivable After Allowance For Credit Loss Including Held For Sale
FinancingReceivableAfterAllowanceForCreditLossIncludingHeldForSale
16186134000 usd
CY2022Q4 sofi Financing Receivable After Allowance For Credit Loss Including Held For Sale
FinancingReceivableAfterAllowanceForCreditLossIncludingHeldForSale
13865031000 usd
CY2023Q1 sofi Contractually Specified Servicing Fee Income Statement Of Income Or Comprehensive Income Extensible Enumeration Not Disclosed Flag
ContractuallySpecifiedServicingFeeIncomeStatementOfIncomeOrComprehensiveIncomeExtensibleEnumerationNotDisclosedFlag
Servicing fees collected
CY2022Q4 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
2785000 usd
CY2023Q1 us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
-854000 usd
CY2023Q1 us-gaap Allowance For Doubtful Accounts Receivable Write Offs
AllowanceForDoubtfulAccountsReceivableWriteOffs
286000 usd
CY2023Q1 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
1645000 usd
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
CY2023Q1 us-gaap Allowance For Doubtful Accounts Receivable Recoveries
AllowanceForDoubtfulAccountsReceivableRecoveries
1161000 usd
CY2022Q1 us-gaap Allowance For Doubtful Accounts Receivable Recoveries
AllowanceForDoubtfulAccountsReceivableRecoveries
1392000 usd
CY2023Q1 us-gaap Debt Securities Available For Sale Amortized Cost Excluding Accrued Interest After Allowance For Credit Loss
DebtSecuritiesAvailableForSaleAmortizedCostExcludingAccruedInterestAfterAllowanceForCreditLoss
180629000 usd
CY2023Q1 us-gaap Debt Securities Available For Sale Accrued Interest After Allowance For Credit Loss
DebtSecuritiesAvailableForSaleAccruedInterestAfterAllowanceForCreditLoss
570000 usd
CY2023Q1 us-gaap Available For Sale Debt Securities Accumulated Gross Unrealized Gain Before Tax
AvailableForSaleDebtSecuritiesAccumulatedGrossUnrealizedGainBeforeTax
0 usd
CY2023Q1 us-gaap Available For Sale Debt Securities Accumulated Gross Unrealized Loss Before Tax
AvailableForSaleDebtSecuritiesAccumulatedGrossUnrealizedLossBeforeTax
6363000 usd
CY2023Q1 us-gaap Available For Sale Securities Debt Securities
AvailableForSaleSecuritiesDebtSecurities
174836000 usd
CY2022Q4 us-gaap Debt Securities Available For Sale Amortized Cost Excluding Accrued Interest After Allowance For Credit Loss
DebtSecuritiesAvailableForSaleAmortizedCostExcludingAccruedInterestAfterAllowanceForCreditLoss
203418000 usd
CY2022Q4 us-gaap Debt Securities Available For Sale Accrued Interest After Allowance For Credit Loss
DebtSecuritiesAvailableForSaleAccruedInterestAfterAllowanceForCreditLoss
631000 usd
CY2022Q4 us-gaap Available For Sale Debt Securities Accumulated Gross Unrealized Gain Before Tax
AvailableForSaleDebtSecuritiesAccumulatedGrossUnrealizedGainBeforeTax
0 usd
CY2022Q4 us-gaap Available For Sale Debt Securities Accumulated Gross Unrealized Loss Before Tax
AvailableForSaleDebtSecuritiesAccumulatedGrossUnrealizedLossBeforeTax
8611000 usd
CY2022Q4 us-gaap Available For Sale Securities Debt Securities
AvailableForSaleSecuritiesDebtSecurities
195438000 usd
CY2023Q1 us-gaap Debt Securities Available For Sale Continuous Unrealized Loss Position Less Than12 Months
DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPositionLessThan12Months
7705000 usd
CY2023Q1 us-gaap Debt Securities Available For Sale Continuous Unrealized Loss Position Less Than12 Months Accumulated Loss
DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPositionLessThan12MonthsAccumulatedLoss
196000 usd
CY2023Q1 us-gaap Debt Securities Available For Sale Maturity Within One Year Weighted Average Yield
DebtSecuritiesAvailableForSaleMaturityWithinOneYearWeightedAverageYield
0.0469
CY2023Q1 us-gaap Debt Securities Available For Sale Continuous Unrealized Loss Position12 Months Or Longer
DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPosition12MonthsOrLonger
167131000 usd
CY2023Q1 us-gaap Debt Securities Available For Sale Continuous Unrealized Loss Position12 Months Or Longer Accumulated Loss
DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPosition12MonthsOrLongerAccumulatedLoss
6167000 usd
CY2023Q1 us-gaap Debt Securities Available For Sale Unrealized Loss Position
DebtSecuritiesAvailableForSaleUnrealizedLossPosition
174836000 usd
CY2023Q1 us-gaap Debt Securities Available For Sale Unrealized Loss Position Accumulated Loss
DebtSecuritiesAvailableForSaleUnrealizedLossPositionAccumulatedLoss
6363000 usd
CY2022Q4 us-gaap Debt Securities Available For Sale Continuous Unrealized Loss Position Less Than12 Months
DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPositionLessThan12Months
39432000 usd
CY2022Q4 us-gaap Debt Securities Available For Sale Continuous Unrealized Loss Position Less Than12 Months Accumulated Loss
DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPositionLessThan12MonthsAccumulatedLoss
2498000 usd
CY2022Q4 us-gaap Debt Securities Available For Sale Continuous Unrealized Loss Position12 Months Or Longer
DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPosition12MonthsOrLonger
156006000 usd
CY2022Q4 us-gaap Debt Securities Available For Sale Continuous Unrealized Loss Position12 Months Or Longer Accumulated Loss
DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPosition12MonthsOrLongerAccumulatedLoss
6113000 usd
CY2022Q4 us-gaap Debt Securities Available For Sale Unrealized Loss Position
DebtSecuritiesAvailableForSaleUnrealizedLossPosition
195438000 usd
CY2022Q4 us-gaap Debt Securities Available For Sale Unrealized Loss Position Accumulated Loss
DebtSecuritiesAvailableForSaleUnrealizedLossPositionAccumulatedLoss
8611000 usd
CY2023Q1 us-gaap Available For Sale Securities Debt Maturities Within One Year Amortized Cost
AvailableForSaleSecuritiesDebtMaturitiesWithinOneYearAmortizedCost
103207000 usd
CY2023Q1 us-gaap Available For Sale Securities Debt Maturities After One Through Five Years Amortized Cost
AvailableForSaleSecuritiesDebtMaturitiesAfterOneThroughFiveYearsAmortizedCost
62743000 usd
CY2023Q1 us-gaap Available For Sale Securities Debt Maturities After Five Through Ten Years Amortized Cost
AvailableForSaleSecuritiesDebtMaturitiesAfterFiveThroughTenYearsAmortizedCost
6078000 usd
CY2023Q1 us-gaap Available For Sale Securities Debt Maturities After Ten Years Amortized Cost
AvailableForSaleSecuritiesDebtMaturitiesAfterTenYearsAmortizedCost
8601000 usd
CY2023Q1 us-gaap Debt Securities Available For Sale Amortized Cost Excluding Accrued Interest After Allowance For Credit Loss
DebtSecuritiesAvailableForSaleAmortizedCostExcludingAccruedInterestAfterAllowanceForCreditLoss
180629000 usd
CY2023Q1 us-gaap Debt Securities Available For Sale Maturity After One Through Five Years Weighted Average Yield
DebtSecuritiesAvailableForSaleMaturityAfterOneThroughFiveYearsWeightedAverageYield
0.0570
CY2023Q1 us-gaap Debt Securities Available For Sale Maturity After Five Through Ten Years Weighted Average Yield
DebtSecuritiesAvailableForSaleMaturityAfterFiveThroughTenYearsWeightedAverageYield
0.0001
CY2023Q1 us-gaap Debt Securities Available For Sale Maturity After10 Years Weighted Average Yield
DebtSecuritiesAvailableForSaleMaturityAfter10YearsWeightedAverageYield
0.0904
CY2023Q1 us-gaap Debt Securities Available For Sale Weighted Average Yield
DebtSecuritiesAvailableForSaleWeightedAverageYield
0.0510
CY2023Q1 us-gaap Available For Sale Securities Debt Maturities Within One Year Fair Value
AvailableForSaleSecuritiesDebtMaturitiesWithinOneYearFairValue
101190000 usd
CY2023Q1 us-gaap Available For Sale Securities Debt Maturities After One Through Five Years Fair Value
AvailableForSaleSecuritiesDebtMaturitiesAfterOneThroughFiveYearsFairValue
59838000 usd
CY2023Q1 us-gaap Available For Sale Securities Debt Maturities After Five Through Ten Years Fair Value
AvailableForSaleSecuritiesDebtMaturitiesAfterFiveThroughTenYearsFairValue
5598000 usd
CY2023Q1 us-gaap Available For Sale Securities Debt Maturities After Ten Years Fair Value
AvailableForSaleSecuritiesDebtMaturitiesAfterTenYearsFairValue
7640000 usd
CY2023Q1 us-gaap Debt Securities Available For Sale Excluding Accrued Interest
DebtSecuritiesAvailableForSaleExcludingAccruedInterest
174266000 usd
CY2023Q1 us-gaap Debt Securities Available For Sale Accrued Interest After Allowance For Credit Loss
DebtSecuritiesAvailableForSaleAccruedInterestAfterAllowanceForCreditLoss
570000 usd
CY2023Q1 us-gaap Debt Securities Available For Sale Realized Gain
DebtSecuritiesAvailableForSaleRealizedGain
3356000 usd
CY2023Q1 us-gaap Debt Securities Available For Sale Realized Loss
DebtSecuritiesAvailableForSaleRealizedLoss
509000 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
0 usd
CY2023Q1 sofi Variable Interest Entity Consolidated Number Of Entities
VariableInterestEntityConsolidatedNumberOfEntities
7 entity
CY2022Q4 sofi Variable Interest Entity Consolidated Number Of Entities
VariableInterestEntityConsolidatedNumberOfEntities
6 entity
CY2023Q1 sofi Variable Interest Entity Consolidated Number Of Entities Established
VariableInterestEntityConsolidatedNumberOfEntitiesEstablished
1 entity
CY2023Q1 sofi Variable Interest Entity Nonconsolidated Investments Held Number Of Entities
VariableInterestEntityNonconsolidatedInvestmentsHeldNumberOfEntities
22 entity
CY2022Q4 sofi Variable Interest Entity Nonconsolidated Investments Held Number Of Entities
VariableInterestEntityNonconsolidatedInvestmentsHeldNumberOfEntities
23 entity
CY2023Q1 sofi Variable Interest Entity Nonconsolidated Exercised Securitization Clean Up Calls Number Of Entities
VariableInterestEntityNonconsolidatedExercisedSecuritizationCleanUpCallsNumberOfEntities
1 entity
CY2023Q1 us-gaap Deposits Savings Deposits
DepositsSavingsDeposits
6361587000 usd
CY2022Q4 us-gaap Deposits Savings Deposits
DepositsSavingsDeposits
4383953000 usd
CY2023Q1 us-gaap Demand Deposit Accounts
DemandDepositAccounts
2095440000 usd
CY2022Q4 us-gaap Demand Deposit Accounts
DemandDepositAccounts
1912452000 usd
CY2023Q1 us-gaap Time Deposits
TimeDeposits
1559377000 usd
CY2022Q4 us-gaap Time Deposits
TimeDeposits
969387000 usd
CY2023Q1 us-gaap Interest Bearing Deposit Liabilities
InterestBearingDepositLiabilities
10016404000 usd
CY2022Q4 us-gaap Interest Bearing Deposit Liabilities
InterestBearingDepositLiabilities
7265792000 usd
CY2023Q1 us-gaap Interest Bearing Domestic Deposit Brokered
InterestBearingDomesticDepositBrokered
1620767000 usd
CY2022Q4 us-gaap Interest Bearing Domestic Deposit Brokered
InterestBearingDomesticDepositBrokered
1026400000 usd
CY2023Q1 sofi Interest Bearing Domestic Deposit Brokered Time Deposits
InterestBearingDomesticDepositBrokeredTimeDeposits
1526195000 usd
CY2022Q4 sofi Interest Bearing Domestic Deposit Brokered Time Deposits
InterestBearingDomesticDepositBrokeredTimeDeposits
940000000 usd
CY2023Q1 sofi Interest Bearing Domestic Deposit Brokered Demand Deposits
InterestBearingDomesticDepositBrokeredDemandDeposits
94572000 usd
CY2022Q4 sofi Interest Bearing Domestic Deposit Brokered Demand Deposits
InterestBearingDomesticDepositBrokeredDemandDeposits
86400000 usd
CY2023Q1 us-gaap Time Deposits At Or Above Fdic Insurance Limit
TimeDepositsAtOrAboveFDICInsuranceLimit
23317000 usd
CY2022Q4 us-gaap Time Deposits At Or Above Fdic Insurance Limit
TimeDepositsAtOrAboveFDICInsuranceLimit
20842000 usd
CY2023Q1 us-gaap Time Deposit Maturities Remainder Of Fiscal Year
TimeDepositMaturitiesRemainderOfFiscalYear
1201290000 usd
CY2023Q1 us-gaap Time Deposit Maturities Year One
TimeDepositMaturitiesYearOne
357045000 usd
CY2023Q1 us-gaap Time Deposit Maturities Year Two
TimeDepositMaturitiesYearTwo
550000 usd
CY2023Q1 us-gaap Time Deposit Maturities Year Three
TimeDepositMaturitiesYearThree
289000 usd
CY2023Q1 us-gaap Time Deposit Maturities Year Four
TimeDepositMaturitiesYearFour
0 usd
CY2023Q1 sofi Time Deposit Maturities After Year Four
TimeDepositMaturitiesAfterYearFour
203000 usd
CY2023Q1 us-gaap Time Deposits
TimeDeposits
1559377000 usd
CY2023Q1 us-gaap Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
6159595000 usd
CY2022Q4 us-gaap Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
5520963000 usd
CY2023Q1 us-gaap Debt Instrument Unamortized Discount Premium And Debt Issuance Costs Net
DebtInstrumentUnamortizedDiscountPremiumAndDebtIssuanceCostsNet
34094000 usd
CY2022Q4 us-gaap Debt Instrument Unamortized Discount Premium And Debt Issuance Costs Net
DebtInstrumentUnamortizedDiscountPremiumAndDebtIssuanceCostsNet
35081000 usd
CY2023Q1 us-gaap Debt Longterm And Shortterm Combined Amount
DebtLongtermAndShorttermCombinedAmount
6125501000 usd
CY2022Q4 us-gaap Debt Longterm And Shortterm Combined Amount
DebtLongtermAndShorttermCombinedAmount
5485882000 usd
CY2023Q1 sofi Debt Instrument Debt Premium
DebtInstrumentDebtPremium
0 usd
CY2023Q1 sofi Debt Instrument Debt Discounts Issued
DebtInstrumentDebtDiscountsIssued
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
CY2023Q1 us-gaap Dividends Payable Current And Noncurrent
DividendsPayableCurrentAndNoncurrent
9968000 usd
CY2022Q4 us-gaap Dividends Payable Current And Noncurrent
DividendsPayableCurrentAndNoncurrent
0 usd
CY2023Q1 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
940338835 shares
CY2023Q1 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
940338835 shares
CY2023Q1 us-gaap Common Stock Capital Shares Reserved For Future Issuance
CommonStockCapitalSharesReservedForFutureIssuance
238414330 shares
CY2022Q4 us-gaap Common Stock Capital Shares Reserved For Future Issuance
CommonStockCapitalSharesReservedForFutureIssuance
199995512 shares
CY2023Q1 us-gaap Other Comprehensive Income Loss Before Reclassifications Net Of Tax
OtherComprehensiveIncomeLossBeforeReclassificationsNetOfTax
1783000 usd
CY2023Q1 us-gaap Reclassification From Accumulated Other Comprehensive Income Current Period Net Of Tax
ReclassificationFromAccumulatedOtherComprehensiveIncomeCurrentPeriodNetOfTax
-172000 usd
CY2023Q1 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
1955000 usd
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
CY2023Q1 us-gaap Derivative Fair Value Of Derivative Asset
DerivativeFairValueOfDerivativeAsset
3474000 usd
CY2023Q1 us-gaap Derivative Fair Value Of Derivative Liability
DerivativeFairValueOfDerivativeLiability
10849000 usd
CY2022Q4 us-gaap Derivative Fair Value Of Derivative Asset
DerivativeFairValueOfDerivativeAsset
24612000 usd
CY2022Q4 us-gaap Derivative Fair Value Of Derivative Liability
DerivativeFairValueOfDerivativeLiability
9331000 usd
CY2023Q1 us-gaap Derivative Asset Fair Value Gross Liability
DerivativeAssetFairValueGrossLiability
1290000 usd
CY2023Q1 us-gaap Derivative Liability Fair Value Gross Asset
DerivativeLiabilityFairValueGrossAsset
1290000 usd
CY2022Q4 us-gaap Derivative Asset Fair Value Gross Liability
DerivativeAssetFairValueGrossLiability
80000 usd
CY2022Q4 us-gaap Derivative Liability Fair Value Gross Asset
DerivativeLiabilityFairValueGrossAsset
80000 usd
CY2023Q1 us-gaap Derivative Asset After Offset Subject To Master Netting Arrangement
DerivativeAssetAfterOffsetSubjectToMasterNettingArrangement
2184000 usd
CY2023Q1 us-gaap Derivative Liability After Offset Subject To Master Netting Arrangement
DerivativeLiabilityAfterOffsetSubjectToMasterNettingArrangement
9559000 usd
CY2022Q4 us-gaap Derivative Asset After Offset Subject To Master Netting Arrangement
DerivativeAssetAfterOffsetSubjectToMasterNettingArrangement
24532000 usd
CY2022Q4 us-gaap Derivative Liability After Offset Subject To Master Netting Arrangement
DerivativeLiabilityAfterOffsetSubjectToMasterNettingArrangement
9251000 usd
CY2023Q1 us-gaap Derivative Collateral Right To Reclaim Cash
DerivativeCollateralRightToReclaimCash
2078000 usd
CY2022Q4 us-gaap Derivative Collateral Right To Reclaim Cash
DerivativeCollateralRightToReclaimCash
0 usd
CY2023Q1 us-gaap Derivative Notional Amount
DerivativeNotionalAmount
6683375000 usd
CY2022Q4 us-gaap Derivative Notional Amount
DerivativeNotionalAmount
6828335000 usd
CY2023Q1 sofi Fair Value Option Unpaid Principal Long Term Debt Instruments
FairValueOptionUnpaidPrincipalLongTermDebtInstruments
82647000 usd
CY2022Q4 sofi Fair Value Option Unpaid Principal Long Term Debt Instruments
FairValueOptionUnpaidPrincipalLongTermDebtInstruments
98868000 usd
CY2023Q1 us-gaap Fair Value Option Changes In Fair Value Gain Loss1
FairValueOptionChangesInFairValueGainLoss1
-944000 usd
CY2023Q1 sofi Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Liability Net Gain Loss Included In Earnings
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetLiabilityNetGainLossIncludedInEarnings
166607000 usd
CY2022Q1 sofi Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Liability Net Gain Loss Included In Earnings
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetLiabilityNetGainLossIncludedInEarnings
-51497000 usd
CY2023Q1 sofi Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Purchases Securitization Clean Up Calls
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetPurchasesSecuritizationCleanUpCalls
39936000 usd
CY2022Q1 sofi Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Purchases Securitization Clean Up Calls
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetPurchasesSecuritizationCleanUpCalls
275499000 usd
CY2023Q1 us-gaap Fair Value Option Credit Risk Gains Losses On Assets
FairValueOptionCreditRiskGainsLossesOnAssets
-50529000 usd
CY2022Q1 us-gaap Fair Value Option Credit Risk Gains Losses On Assets
FairValueOptionCreditRiskGainsLossesOnAssets
6496000 usd
CY2023Q1 sofi Sensitivity Analysis Of Fair Value Transferors Interests In Transferred Financial Assets Impact Of100 Basis Points Adverse Change In Discount Rate
SensitivityAnalysisOfFairValueTransferorsInterestsInTransferredFinancialAssetsImpactOf100BasisPointsAdverseChangeInDiscountRate
-4093000 usd
CY2022Q4 sofi Sensitivity Analysis Of Fair Value Transferors Interests In Transferred Financial Assets Impact Of100 Basis Points Adverse Change In Discount Rate
SensitivityAnalysisOfFairValueTransferorsInterestsInTransferredFinancialAssetsImpactOf100BasisPointsAdverseChangeInDiscountRate
-3905000 usd
CY2023Q1 sofi Sensitivity Analysis Of Fair Value Transferors Interests In Transferred Financial Assets Impact Of25 Basis Point Adverse Change In Market Servicing Costs
SensitivityAnalysisOfFairValueTransferorsInterestsInTransferredFinancialAssetsImpactOf25BasisPointAdverseChangeInMarketServicingCosts
-10615000 usd
CY2022Q4 sofi Sensitivity Analysis Of Fair Value Transferors Interests In Transferred Financial Assets Impact Of25 Basis Point Adverse Change In Market Servicing Costs
SensitivityAnalysisOfFairValueTransferorsInterestsInTransferredFinancialAssetsImpactOf25BasisPointAdverseChangeInMarketServicingCosts
-10395000 usd
CY2023Q1 sofi Sensitivity Analysis Of Fair Value Transferors Interests In Transferred Financial Assets Impact Of50 Basis Point Adverse Change In Market Servicing Costs
SensitivityAnalysisOfFairValueTransferorsInterestsInTransferredFinancialAssetsImpactOf50BasisPointAdverseChangeInMarketServicingCosts
-21230000 usd
CY2022Q4 sofi Sensitivity Analysis Of Fair Value Transferors Interests In Transferred Financial Assets Impact Of50 Basis Point Adverse Change In Market Servicing Costs
SensitivityAnalysisOfFairValueTransferorsInterestsInTransferredFinancialAssetsImpactOf50BasisPointAdverseChangeInMarketServicingCosts
-20807000 usd
CY2023Q1 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
-3592000 usd
CY2022Q4 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
-4036000 usd
CY2023Q1 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
-7011000 usd
CY2022Q4 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
-7833000 usd
CY2023Q1 sofi Sensitivity Analysis Of Fair Value Transferors Interests In Transferred Financial Assets Impact Of10 Percent Adverse Change In Default Rate
SensitivityAnalysisOfFairValueTransferorsInterestsInTransferredFinancialAssetsImpactOf10PercentAdverseChangeInDefaultRate
-163000 usd
CY2022Q4 sofi Sensitivity Analysis Of Fair Value Transferors Interests In Transferred Financial Assets Impact Of10 Percent Adverse Change In Default Rate
SensitivityAnalysisOfFairValueTransferorsInterestsInTransferredFinancialAssetsImpactOf10PercentAdverseChangeInDefaultRate
-166000 usd
CY2023Q1 sofi Sensitivity Analysis Of Fair Value Transferors Interests In Transferred Financial Assets Impact Of20 Percent Adverse Change In Default Rate
SensitivityAnalysisOfFairValueTransferorsInterestsInTransferredFinancialAssetsImpactOf20PercentAdverseChangeInDefaultRate
-326000 usd
CY2022Q4 sofi Sensitivity Analysis Of Fair Value Transferors Interests In Transferred Financial Assets Impact Of20 Percent Adverse Change In Default Rate
SensitivityAnalysisOfFairValueTransferorsInterestsInTransferredFinancialAssetsImpactOf20PercentAdverseChangeInDefaultRate
-331000 usd
CY2023Q1 sofi Sensitivity Analysis Of Fair Value Transferors Interests In Transferred Financial Assets Impact Of200 Basis Points Adverse Change In Discount Rate
SensitivityAnalysisOfFairValueTransferorsInterestsInTransferredFinancialAssetsImpactOf200BasisPointsAdverseChangeInDiscountRate
-7921000 usd
CY2022Q4 sofi Sensitivity Analysis Of Fair Value Transferors Interests In Transferred Financial Assets Impact Of200 Basis Points Adverse Change In Discount Rate
SensitivityAnalysisOfFairValueTransferorsInterestsInTransferredFinancialAssetsImpactOf200BasisPointsAdverseChangeInDiscountRate
-7562000 usd
CY2023Q1 sofi Loan Origination Commitments
LoanOriginationCommitments
4842000 usd
CY2023Q1 sofi Safeguarding Asset Platform Operator Crypto Asset Number Of Third Party Custodians
SafeguardingAssetPlatformOperatorCryptoAssetNumberOfThirdPartyCustodians
2 custodian
CY2023Q1 srt-supplement Safeguarding Asset Platform Operator Crypto Asset
SafeguardingAssetPlatformOperatorCryptoAsset
167954000 usd
CY2023Q1 srt-supplement Safeguarding Liability Platform Operator Crypto Asset
SafeguardingLiabilityPlatformOperatorCryptoAsset
167954000 usd
CY2022Q4 srt-supplement Safeguarding Liability Platform Operator Crypto Asset
SafeguardingLiabilityPlatformOperatorCryptoAsset
106826000 usd
CY2022Q4 srt-supplement Safeguarding Asset Platform Operator Crypto Asset
SafeguardingAssetPlatformOperatorCryptoAsset
106826000 usd
CY2023Q1 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Expirations In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExpirationsInPeriodWeightedAverageExercisePrice
6.36
CY2023Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
18569877 shares
CY2023Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
7.49
CY2023Q1 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
64226000 usd
CY2022Q1 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
77021000 usd
CY2023Q1 us-gaap Labor And Related Expense
LaborAndRelatedExpense
216415000 usd
CY2022Q1 us-gaap Labor And Related Expense
LaborAndRelatedExpense
187809000 usd
CY2022Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
18749679 shares
CY2022Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
7.43
CY2022 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Outstanding Weighted Average Remaining Contractual Term2
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2
P4Y8M12D
CY2023Q1 us-gaap Stock Issued During Period Shares Stock Options Exercised
StockIssuedDuringPeriodSharesStockOptionsExercised
161231 shares
CY2023Q1 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Exercises In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExercisePrice
1.04
CY2023Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Expirations In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExpirationsInPeriod
18571 shares
CY2023Q1 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Outstanding Weighted Average Remaining Contractual Term2
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2
P4Y4M24D
CY2023Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableNumber
18525473 shares
CY2023Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableWeightedAverageExercisePrice
7.49
CY2023Q1 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Weighted Average Remaining Contractual Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableWeightedAverageRemainingContractualTerm1
P4Y4M24D
CY2023Q1 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
-1637000 usd
CY2022Q1 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
752000 usd
CY2023Q1 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
822000 usd
CY2023Q1 us-gaap Operating Lease Impairment Loss
OperatingLeaseImpairmentLoss
1243000 usd
CY2023Q1 sofi Number Of Contingent Repurchase Obligations
NumberOfContingentRepurchaseObligations
3 repurchase_obligation
CY2023Q1 sofi Contingent Repurchase Obligation With Counterparty Amount At Risk
ContingentRepurchaseObligationWithCounterpartyAmountAtRisk
1000000.0 usd
CY2022Q4 sofi Contingent Repurchase Obligation With Counterparty Amount At Risk
ContingentRepurchaseObligationWithCounterpartyAmountAtRisk
1400000 usd
CY2023Q1 sofi Maximum Repurchase Obligation
MaximumRepurchaseObligation
5000000000 usd
CY2022Q4 sofi Maximum Repurchase Obligation
MaximumRepurchaseObligation
5100000000 usd
CY2023Q1 us-gaap Letters Of Credit Outstanding Amount
LettersOfCreditOutstandingAmount
8600000 usd
CY2022Q4 us-gaap Letters Of Credit Outstanding Amount
LettersOfCreditOutstandingAmount
9100000 usd
CY2023Q1 sofi Letter Of Credit Collateral Amount
LetterOfCreditCollateralAmount
2600000 usd
CY2022Q4 sofi Letter Of Credit Collateral Amount
LetterOfCreditCollateralAmount
3100000 usd
CY2022Q4 sofi Banking Regulation Mortgage Banking Net Worth Minimum Noncompliance Fines And Penalties Accrued
BankingRegulationMortgageBankingNetWorthMinimumNoncomplianceFinesAndPenaltiesAccrued
0 usd
CY2023Q1 sofi Banking Regulation Mortgage Banking Net Worth Minimum Noncompliance Fines And Penalties Accrued
BankingRegulationMortgageBankingNetWorthMinimumNoncomplianceFinesAndPenaltiesAccrued
0 usd
CY2023Q1 us-gaap Net Income Loss
NetIncomeLoss
-34422000 usd
CY2022Q1 us-gaap Net Income Loss
NetIncomeLoss
-110357000 usd
CY2023Q1 us-gaap Preferred Stock Dividends Income Statement Impact
PreferredStockDividendsIncomeStatementImpact
9968000 usd
CY2022Q1 us-gaap Preferred Stock Dividends Income Statement Impact
PreferredStockDividendsIncomeStatementImpact
9968000 usd
CY2023Q1 us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
-44390000 usd
CY2023Q1 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-44390000 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
CY2023Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
929270723 shares
CY2022Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
852853596 shares
CY2023Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
929270723 shares
CY2022Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
852853596 shares
CY2023Q1 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.05
CY2022Q1 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.14
CY2023Q1 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.05
CY2022Q1 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.14
CY2023Q1 us-gaap Number Of Reportable Segments
NumberOfReportableSegments
3 segment
CY2023Q1 us-gaap Interest Income Expense Net
InterestIncomeExpenseNet
236010000 usd
CY2023Q1 us-gaap Noninterest Income
NoninterestIncome
236148000 usd
CY2023Q1 us-gaap Revenues Net Of Interest Expense
RevenuesNetOfInterestExpense
472158000 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
CY2023Q1 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
-36059000 usd
CY2022Q1 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
-109605000 usd

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