2024 Q4 Form 10-Q Financial Statement

#000181887424000233 Filed on November 07, 2024

View on sec.gov

Income Statement

Concept 2024 Q4 2024 Q3
Revenue $131.2M
YoY Change 25.04%
Cost Of Revenue $123.7M
YoY Change 25.91%
Gross Profit $7.511M
YoY Change 12.34%
Gross Profit Margin 5.72%
Selling, General & Admin $363.8M
YoY Change 16.92%
% of Gross Profit 4843.9%
Research & Development $139.7M
YoY Change 11.15%
% of Gross Profit 1860.13%
Depreciation & Amortization $150.0M
YoY Change 185.62%
% of Gross Profit 1996.45%
Operating Expenses $503.5M
YoY Change 15.26%
Operating Profit -$496.0M
YoY Change 15.3%
Interest Expense
YoY Change
% of Operating Profit
Other Income/Expense, Net
YoY Change
Pretax Income $8.214M
YoY Change -103.08%
Income Tax $3.110M
% Of Pretax Income 37.86%
Net Earnings $5.104M
YoY Change -101.91%
Net Earnings / Revenue 3.89%
Basic Earnings Per Share $0.06
Diluted Earnings Per Share $0.00
COMMON SHARES
Basic Shares Outstanding 1.085B shares 1.066B shares
Diluted Shares Outstanding 1.104B shares

Balance Sheet

Concept 2024 Q4 2024 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments
YoY Change
Cash & Equivalents $2.355B
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 $350.4M
YoY Change 18.77%
Goodwill $1.394B
YoY Change 0.0%
Intangibles $315.0M
YoY Change -18.68%
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 $34.38B
YoY Change 22.89%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $569.0M
YoY Change 0.53%
Accrued Expenses $101.0M
YoY Change -10.59%
Deferred Revenue $7.733M
YoY Change 42.73%
Short-Term Debt
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $670.0M
YoY Change -1.32%
LONG-TERM LIABILITIES
Long-Term Debt $3.181B
YoY Change -49.12%
Other Long-Term Liabilities
YoY Change
Total Long-Term Liabilities $3.181B
YoY Change -49.12%
TOTAL LIABILITIES
Total Short-Term Liabilities $670.0M
Total Long-Term Liabilities $3.181B
Total Liabilities $28.26B
YoY Change 25.02%
SHAREHOLDERS EQUITY
Retained Earnings -$1.638B
YoY Change -11.56%
Common Stock $108.0K
YoY Change 13.68%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $6.121B
YoY Change
Total Liabilities & Shareholders Equity $34.38B
YoY Change 22.89%

Cashflow Statement

Concept 2024 Q4 2024 Q3
OPERATING ACTIVITIES
Net Income $5.104M
YoY Change -101.91%
Depreciation, Depletion And Amortization $150.0M
YoY Change 185.62%
Cash From Operating Activities -$1.174B
YoY Change -56.32%
INVESTING ACTIVITIES
Capital Expenditures $119.4M
YoY Change 292.72%
Acquisitions
YoY Change
Other Investing Activities $35.38M
YoY Change -125.62%
Cash From Investing Activities -$84.01M
YoY Change -50.15%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 1.495B
YoY Change -43.6%
NET CHANGE
Cash From Operating Activities -1.174B
Cash From Investing Activities -84.01M
Cash From Financing Activities 1.495B
Net Change In Cash 237.6M
YoY Change -216.34%
FREE CASH FLOW
Cash From Operating Activities -$1.174B
Capital Expenditures $119.4M
Free Cash Flow -$1.293B
YoY Change -52.41%

Facts In Submission

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CY2023Q3 us-gaap Noninterest Income
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us-gaap Noninterest Income
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697121000 usd
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us-gaap Revenues Net Of Interest Expense
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CY2024Q3 us-gaap Research And Development Expense
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us-gaap Research And Development Expense
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402801000 usd
CY2024Q3 us-gaap Selling And Marketing Expense
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214904000 usd
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186719000 usd
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CY2024Q3 us-gaap Cost Of Revenue
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CY2023Q3 us-gaap Cost Of Revenue
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us-gaap Cost Of Revenue
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CY2024Q3 us-gaap General And Administrative Expense
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us-gaap General And Administrative Expense
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CY2024Q3 us-gaap Goodwill Impairment Loss
GoodwillImpairmentLoss
0 usd
CY2023Q3 us-gaap Goodwill Impairment Loss
GoodwillImpairmentLoss
247174000 usd
us-gaap Goodwill Impairment Loss
GoodwillImpairmentLoss
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us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
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-352316000 usd
CY2024Q3 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
3110000 usd
CY2023Q3 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
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us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
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us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
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CY2024Q3 us-gaap Net Income Loss
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CY2023Q3 us-gaap Net Income Loss
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us-gaap Net Income Loss
NetIncomeLoss
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us-gaap Net Income Loss
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9029000 usd
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5616000 usd
us-gaap Other Comprehensive Income Availableforsale Securities Adjustment Net Of Tax Portion Attributable To Parent
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9070000 usd
us-gaap Other Comprehensive Income Availableforsale Securities Adjustment Net Of Tax Portion Attributable To Parent
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8694000 usd
CY2024Q3 us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent
563000 usd
CY2023Q3 us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent
103000 usd
us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent
248000 usd
us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent
202000 usd
CY2024Q3 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
9592000 usd
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OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
5719000 usd
us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
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8896000 usd
CY2024Q3 us-gaap Comprehensive Income Net Of Tax
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ComprehensiveIncomeNetOfTax
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us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
175510000 usd
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CY2024Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.06
CY2023Q3 us-gaap Earnings Per Share Basic
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us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.14
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EarningsPerShareDiluted
0.05
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EarningsPerShareDiluted
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us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.08
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
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WeightedAverageNumberOfSharesOutstandingBasic
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CY2023Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
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us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
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us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
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CY2024Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
1104450416 shares
CY2023Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
951183107 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
1078402421 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
939070185 shares
CY2024Q2 us-gaap Stockholders Equity
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5901494000 usd
CY2024Q2 us-gaap Temporary Equity Shares Outstanding
TemporaryEquitySharesOutstanding
0 shares
CY2024Q2 us-gaap Temporary Equity Carrying Amount Attributable To Parent
TemporaryEquityCarryingAmountAttributableToParent
0 usd
CY2024Q3 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
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74532000 usd
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CY2024Q3 us-gaap Adjustments Related To Tax Withholding For Share Based Compensation
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CY2024Q3 us-gaap Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
138000 usd
CY2024Q3 us-gaap Stock Issued During Period Value Conversion Of Convertible Securities
StockIssuedDuringPeriodValueConversionOfConvertibleSecurities
79863000 usd
CY2024Q3 us-gaap Net Income Loss
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60745000 usd
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OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
9592000 usd
CY2024Q3 us-gaap Stockholders Equity
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6121481000 usd
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0 shares
CY2024Q3 us-gaap Temporary Equity Carrying Amount Attributable To Parent
TemporaryEquityCarryingAmountAttributableToParent
0 usd
CY2023Q4 us-gaap Stockholders Equity
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5234612000 usd
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TemporaryEquitySharesOutstanding
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us-gaap Stock Issued During Period Value Restricted Stock Award Gross
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us-gaap Adjustments Related To Tax Withholding For Share Based Compensation
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us-gaap Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
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us-gaap Stock Issued During Period Value Conversion Of Convertible Securities
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sofi Adjustment To Additional Paid In Capital Capped Call Transaction Purchase
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sofi Adjustment To Additional Paid In Capital Capped Call Transaction Unwind
AdjustmentToAdditionalPaidInCapitalCappedCallTransactionUnwind
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us-gaap Redeemable Preferred Stock Dividends
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3026000 usd
sofi Temporary Equity Preferred Stock Redeemed Or Called During Period Shares
TemporaryEquityPreferredStockRedeemedOrCalledDuringPeriodShares
3234000 shares
sofi Temporary Equity Preferred Stock Redeemed Or Called During Period Value
TemporaryEquityPreferredStockRedeemedOrCalledDuringPeriodValue
320374000 usd
us-gaap Net Income Loss
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166192000 usd
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OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
9318000 usd
CY2024Q3 us-gaap Stockholders Equity
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6121481000 usd
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TemporaryEquitySharesOutstanding
0 shares
CY2024Q3 us-gaap Temporary Equity Carrying Amount Attributable To Parent
TemporaryEquityCarryingAmountAttributableToParent
0 usd
CY2023Q2 us-gaap Stockholders Equity
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5257661000 usd
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TemporaryEquitySharesOutstanding
3234000 shares
CY2023Q2 us-gaap Temporary Equity Carrying Amount Attributable To Parent
TemporaryEquityCarryingAmountAttributableToParent
320374000 usd
CY2023Q3 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
70065000 usd
CY2023Q3 us-gaap Stock Issued During Period Value Restricted Stock Award Gross
StockIssuedDuringPeriodValueRestrictedStockAwardGross
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CY2023Q3 us-gaap Adjustments Related To Tax Withholding For Share Based Compensation
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CY2023Q3 us-gaap Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
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RedeemablePreferredStockDividends
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CY2023Q3 us-gaap Net Income Loss
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OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
5719000 usd
CY2023Q3 us-gaap Stockholders Equity
StockholdersEquity
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CY2022Q4 us-gaap Stockholders Equity
StockholdersEquity
5208102000 usd
CY2022Q4 us-gaap Temporary Equity Shares Outstanding
TemporaryEquitySharesOutstanding
3234000 shares
CY2022Q4 us-gaap Temporary Equity Carrying Amount Attributable To Parent
TemporaryEquityCarryingAmountAttributableToParent
320374000 usd
us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
224926000 usd
us-gaap Stock Issued During Period Value Restricted Stock Award Gross
StockIssuedDuringPeriodValueRestrictedStockAwardGross
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us-gaap Adjustments Related To Tax Withholding For Share Based Compensation
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us-gaap Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
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us-gaap Redeemable Preferred Stock Dividends
RedeemablePreferredStockDividends
30236000 usd
us-gaap Net Income Loss
NetIncomeLoss
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OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
8896000 usd
CY2023Q3 us-gaap Stockholders Equity
StockholdersEquity
5053388000 usd
CY2023Q3 us-gaap Temporary Equity Shares Outstanding
TemporaryEquitySharesOutstanding
3234000 shares
CY2023Q3 us-gaap Temporary Equity Carrying Amount Attributable To Parent
TemporaryEquityCarryingAmountAttributableToParent
320374000 usd
us-gaap Net Income Loss
NetIncomeLoss
166192000 usd
us-gaap Net Income Loss
NetIncomeLoss
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us-gaap Share Based Compensation
ShareBasedCompensation
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us-gaap Share Based Compensation
ShareBasedCompensation
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us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
149953000 usd
us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
147967000 usd
us-gaap Goodwill Impairment Loss
GoodwillImpairmentLoss
0 usd
us-gaap Goodwill Impairment Loss
GoodwillImpairmentLoss
247174000 usd
us-gaap Amortization Of Financing Costs And Discounts
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10821000 usd
us-gaap Amortization Of Financing Costs And Discounts
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us-gaap Gains Losses On Extinguishment Of Debt
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62517000 usd
us-gaap Gains Losses On Extinguishment Of Debt
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FinancingReceivableExcludingAccruedInterestCreditLossExpenseReversal
24835000 usd
us-gaap Financing Receivable Excluding Accrued Interest Credit Loss Expense Reversal
FinancingReceivableExcludingAccruedInterestCreditLossExpenseReversal
42853000 usd
us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
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us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
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sofi Fair Value Adjustment Of Financing Receivable Held For Investment At Fair Value
FairValueAdjustmentOfFinancingReceivableHeldForInvestmentAtFairValue
149474000 usd
sofi Fair Value Adjustment Of Financing Receivable Held For Investment At Fair Value
FairValueAdjustmentOfFinancingReceivableHeldForInvestmentAtFairValue
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sofi Fair Value Adjustment Of Securitization Of Loans
FairValueAdjustmentOfSecuritizationOfLoans
3311000 usd
sofi Fair Value Adjustment Of Securitization Of Loans
FairValueAdjustmentOfSecuritizationOfLoans
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us-gaap Other Noncash Income Expense
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262000 usd
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OtherNoncashIncomeExpense
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us-gaap Increase Decrease In Loans Held For Sale
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us-gaap Increase Decrease In Loans Held For Sale
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sofi Increase Decrease In Financing Receivable Held For Sale Previously
IncreaseDecreaseInFinancingReceivableHeldForSalePreviously
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sofi Increase Decrease In Financing Receivable Held For Sale Previously
IncreaseDecreaseInFinancingReceivableHeldForSalePreviously
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IncreaseDecreaseInServicingAssetsFromSecuritization
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sofi Increase Decrease In Servicing Assets From Securitization
IncreaseDecreaseInServicingAssetsFromSecuritization
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us-gaap Increase Decrease In Other Operating Assets
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166555000 usd
us-gaap Increase Decrease In Other Operating Assets
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us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
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29594000 usd
us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
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16051000 usd
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
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us-gaap Net Cash Provided By Used In Operating Activities
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us-gaap Payments To Acquire Productive Assets
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us-gaap Payments To Acquire Productive Assets
PaymentsToAcquireProductiveAssets
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us-gaap Capitalized Computer Software Period Increase Decrease
CapitalizedComputerSoftwarePeriodIncreaseDecrease
7384000 usd
us-gaap Capitalized Computer Software Period Increase Decrease
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7429000 usd
us-gaap Payments To Acquire Available For Sale Securities Debt
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us-gaap Payments To Acquire Available For Sale Securities Debt
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164623000 usd
us-gaap Proceeds From Sale Of Available For Sale Securities Debt
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us-gaap Proceeds From Maturities Prepayments And Calls Of Available For Sale Securities
ProceedsFromMaturitiesPrepaymentsAndCallsOfAvailableForSaleSecurities
616451000 usd
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ProceedsFromMaturitiesPrepaymentsAndCallsOfAvailableForSaleSecurities
87463000 usd
sofi Increase Decrease In Financing Receivables After Allowance For Credit Loss
IncreaseDecreaseInFinancingReceivablesAfterAllowanceForCreditLoss
3029395000 usd
sofi Increase Decrease In Financing Receivables After Allowance For Credit Loss
IncreaseDecreaseInFinancingReceivablesAfterAllowanceForCreditLoss
97105000 usd
us-gaap Proceeds From Sale Of Loans Held For Investment
ProceedsFromSaleOfLoansHeldForInvestment
434483000 usd
us-gaap Proceeds From Sale Of Loans Held For Investment
ProceedsFromSaleOfLoansHeldForInvestment
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ProceedsFromReceiptsFromSecuritizationInvestments
69455000 usd
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ProceedsFromReceiptsFromSecuritizationInvestments
101292000 usd
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us-gaap Proceeds From Sale And Maturity Of Other Investments
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us-gaap Net Cash Provided By Used In Investing Activities
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us-gaap Net Cash Provided By Used In Investing Activities
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sofi Unwind Of Derivative Instrument Financing Activities
UnwindOfDerivativeInstrumentFinancingActivities
10180000 usd
sofi Unwind Of Derivative Instrument Financing Activities
UnwindOfDerivativeInstrumentFinancingActivities
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us-gaap Proceeds From Stock Options Exercised
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us-gaap Payments For Repurchase Of Redeemable Preferred Stock
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us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
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us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
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us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
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us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
202000 usd
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
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us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
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CY2023Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
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CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
1846302000 usd
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CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
2969759000 usd
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CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
3297017000 usd
CY2024Q3 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
2354965000 usd
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CashAndCashEquivalentsAtCarryingValue
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614794000 usd
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RestrictedCashAndCashEquivalents
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CY2024Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
2969759000 usd
CY2023Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
3297017000 usd
us-gaap Debt Conversion Converted Instrument Amount1
DebtConversionConvertedInstrumentAmount1
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us-gaap Debt Conversion Converted Instrument Amount1
DebtConversionConvertedInstrumentAmount1
0 usd
sofi Deposits Credited But Not Yet Obtained In Cash
DepositsCreditedButNotYetObtainedInCash
133104000 usd
sofi Deposits Credited But Not Yet Obtained In Cash
DepositsCreditedButNotYetObtainedInCash
81116000 usd
sofi Deconsolidation Of Securitized Debt
DeconsolidationOfSecuritizedDebt
0 usd
sofi Deconsolidation Of Securitized Debt
DeconsolidationOfSecuritizedDebt
92914000 usd
us-gaap Employee Service Share Based Compensation Allocation Of Recognized Period Costs Capitalized Amount
EmployeeServiceShareBasedCompensationAllocationOfRecognizedPeriodCostsCapitalizedAmount
29297000 usd
us-gaap Employee Service Share Based Compensation Allocation Of Recognized Period Costs Capitalized Amount
EmployeeServiceShareBasedCompensationAllocationOfRecognizedPeriodCostsCapitalizedAmount
22817000 usd
sofi Debt Securities Available For Sale Securities Sold Unpaid Amount
DebtSecuritiesAvailableForSaleSecuritiesSoldUnpaidAmount
21266000 usd
sofi Debt Securities Available For Sale Securities Sold Unpaid Amount
DebtSecuritiesAvailableForSaleSecuritiesSoldUnpaidAmount
0 usd
sofi Other Significant Noncash Transaction Securitization Investments Acquired
OtherSignificantNoncashTransactionSecuritizationInvestmentsAcquired
35615000 usd
sofi Other Significant Noncash Transaction Securitization Investments Acquired
OtherSignificantNoncashTransactionSecuritizationInvestmentsAcquired
0 usd
us-gaap Number Of Reportable Segments
NumberOfReportableSegments
3 segment
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 and expenses as well as the disclosures of contingent assets and liabilities. These estimates and assumptions are inherently subjective in nature; 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.
CY2023Q4 us-gaap Goodwill
Goodwill
1393505000 usd
CY2024Q3 us-gaap Goodwill
Goodwill
1393505000 usd
CY2024Q3 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
131225000 usd
CY2023Q3 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
104944000 usd
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
367616000 usd
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
305119000 usd
CY2024Q3 sofi Noninterest Income Loan Origination Sales And Securitizations
NoninterestIncomeLoanOriginationSalesAndSecuritizations
70085000 usd
CY2023Q3 sofi Noninterest Income Loan Origination Sales And Securitizations
NoninterestIncomeLoanOriginationSalesAndSecuritizations
75385000 usd
sofi Noninterest Income Loan Origination Sales And Securitizations
NoninterestIncomeLoanOriginationSalesAndSecuritizations
181957000 usd
sofi Noninterest Income Loan Origination Sales And Securitizations
NoninterestIncomeLoanOriginationSalesAndSecuritizations
288883000 usd
CY2023Q3 sofi Noninterest Income Servicing
NoninterestIncomeServicing
8009000 usd
sofi Noninterest Income Servicing
NoninterestIncomeServicing
23560000 usd
sofi Noninterest Income Servicing
NoninterestIncomeServicing
29803000 usd
CY2024Q3 sofi Revenue From Contract With Customer Excluding Assessed Tax Loan Platform Fees Other
RevenueFromContractWithCustomerExcludingAssessedTaxLoanPlatformFeesOther
42358000 usd
CY2023Q3 sofi Revenue From Contract With Customer Excluding Assessed Tax Loan Platform Fees Other
RevenueFromContractWithCustomerExcludingAssessedTaxLoanPlatformFeesOther
0 usd
sofi Revenue From Contract With Customer Excluding Assessed Tax Loan Platform Fees Other
RevenueFromContractWithCustomerExcludingAssessedTaxLoanPlatformFeesOther
42508000 usd
sofi Revenue From Contract With Customer Excluding Assessed Tax Loan Platform Fees Other
RevenueFromContractWithCustomerExcludingAssessedTaxLoanPlatformFeesOther
0 usd
CY2024Q3 us-gaap Noninterest Income Other Operating Income
NoninterestIncomeOtherOperatingIncome
12516000 usd
CY2023Q3 us-gaap Noninterest Income Other Operating Income
NoninterestIncomeOtherOperatingIncome
3908000 usd
us-gaap Noninterest Income Other Operating Income
NoninterestIncomeOtherOperatingIncome
78781000 usd
us-gaap Noninterest Income Other Operating Income
NoninterestIncomeOtherOperatingIncome
11481000 usd
CY2024Q3 us-gaap Revenue Not From Contract With Customer Excluding Interest Income
RevenueNotFromContractWithCustomerExcludingInterestIncome
134886000 usd
CY2023Q3 us-gaap Revenue Not From Contract With Customer Excluding Interest Income
RevenueNotFromContractWithCustomerExcludingInterestIncome
87302000 usd
us-gaap Revenue Not From Contract With Customer Excluding Interest Income
RevenueNotFromContractWithCustomerExcludingInterestIncome
326806000 usd
us-gaap Revenue Not From Contract With Customer Excluding Interest Income
RevenueNotFromContractWithCustomerExcludingInterestIncome
330167000 usd
CY2024Q3 us-gaap Noninterest Income
NoninterestIncome
266111000 usd
CY2023Q3 us-gaap Noninterest Income
NoninterestIncome
192246000 usd
us-gaap Noninterest Income
NoninterestIncome
694422000 usd
us-gaap Noninterest Income
NoninterestIncome
635286000 usd
CY2024Q3 us-gaap Contract With Customer Liability Current
ContractWithCustomerLiabilityCurrent
7733000 usd
CY2023Q4 us-gaap Contract With Customer Liability Current
ContractWithCustomerLiabilityCurrent
5718000 usd
CY2024Q3 sofi Contract With Customer Liability Revenue Recognized Including Opening Balance
ContractWithCustomerLiabilityRevenueRecognizedIncludingOpeningBalance
1924000 usd
CY2023Q3 sofi Contract With Customer Liability Revenue Recognized Including Opening Balance
ContractWithCustomerLiabilityRevenueRecognizedIncludingOpeningBalance
1778000 usd
sofi Contract With Customer Liability Revenue Recognized Including Opening Balance
ContractWithCustomerLiabilityRevenueRecognizedIncludingOpeningBalance
4310000 usd
sofi Contract With Customer Liability Revenue Recognized Including Opening Balance
ContractWithCustomerLiabilityRevenueRecognizedIncludingOpeningBalance
6562000 usd
CY2024Q3 us-gaap Contract With Customer Receivable After Allowance For Credit Loss
ContractWithCustomerReceivableAfterAllowanceForCreditLoss
65158000 usd
CY2023Q4 us-gaap Contract With Customer Receivable After Allowance For Credit Loss
ContractWithCustomerReceivableAfterAllowanceForCreditLoss
60466000 usd
CY2024Q3 us-gaap Loans Receivable Held For Sale Amount
LoansReceivableHeldForSaleAmount
17324514000 usd
CY2023Q4 us-gaap Loans Receivable Held For Sale Amount
LoansReceivableHeldForSaleAmount
15396771000 usd
CY2024Q3 sofi Financing Receivable Held For Investment At Fair Value
FinancingReceivableHeldForInvestmentAtFairValue
7876667000 usd
CY2023Q4 sofi Financing Receivable Held For Investment At Fair Value
FinancingReceivableHeldForInvestmentAtFairValue
6725484000 usd
CY2024Q3 us-gaap Financing Receivable Excluding Accrued Interest After Allowance For Credit Loss
FinancingReceivableExcludingAccruedInterestAfterAllowanceForCreditLoss
1417262000 usd
CY2023Q4 us-gaap Financing Receivable Excluding Accrued Interest After Allowance For Credit Loss
FinancingReceivableExcludingAccruedInterestAfterAllowanceForCreditLoss
836159000 usd
CY2024Q3 sofi Financing Receivable After Allowance For Credit Loss Including Receivables At Fair Value And Excluding Held For Sale
FinancingReceivableAfterAllowanceForCreditLossIncludingReceivablesAtFairValueAndExcludingHeldForSale
9293929000 usd
CY2023Q4 sofi Financing Receivable After Allowance For Credit Loss Including Receivables At Fair Value And Excluding Held For Sale
FinancingReceivableAfterAllowanceForCreditLossIncludingReceivablesAtFairValueAndExcludingHeldForSale
7561643000 usd
CY2024Q3 sofi Financing Receivable After Allowance For Credit Loss Including Receivables At Fair Value And Held For Sale
FinancingReceivableAfterAllowanceForCreditLossIncludingReceivablesAtFairValueAndHeldForSale
26618443000 usd
CY2023Q4 sofi Financing Receivable After Allowance For Credit Loss Including Receivables At Fair Value And Held For Sale
FinancingReceivableAfterAllowanceForCreditLossIncludingReceivablesAtFairValueAndHeldForSale
22958414000 usd
CY2023Q3 sofi Transferors Interests In Transferred Financial Assets Deconsolidation Of Debt
TransferorsInterestsInTransferredFinancialAssetsDeconsolidationOfDebt
0 usd
CY2024Q3 sofi Transferors Interests In Transferred Financial Assets Deconsolidation Of Debt
TransferorsInterestsInTransferredFinancialAssetsDeconsolidationOfDebt
0 usd
sofi Contractually Specified Servicing Fee Income Statement Of Income Or Comprehensive Income Extensible Enumeration Not Disclosed Flag
ContractuallySpecifiedServicingFeeIncomeStatementOfIncomeOrComprehensiveIncomeExtensibleEnumerationNotDisclosedFlag
Servicing fees collected from transferred loans
CY2024Q2 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
1509000 usd
CY2024Q3 us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
1057000 usd
CY2024Q3 us-gaap Allowance For Doubtful Accounts Receivable Write Offs
AllowanceForDoubtfulAccountsReceivableWriteOffs
85000 usd
CY2024Q3 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
2651000 usd
CY2023Q2 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
1937000 usd
CY2023Q3 us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
-148000 usd
CY2023Q3 us-gaap Allowance For Doubtful Accounts Receivable Write Offs
AllowanceForDoubtfulAccountsReceivableWriteOffs
208000 usd
CY2023Q3 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
1581000 usd
CY2023Q4 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
1837000 usd
us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
3850000 usd
us-gaap Allowance For Doubtful Accounts Receivable Write Offs
AllowanceForDoubtfulAccountsReceivableWriteOffs
3036000 usd
CY2024Q3 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
2651000 usd
CY2022Q4 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
2785000 usd
us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
94000 usd
us-gaap Allowance For Doubtful Accounts Receivable Write Offs
AllowanceForDoubtfulAccountsReceivableWriteOffs
1298000 usd
CY2023Q3 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
1581000 usd
CY2024Q3 us-gaap Allowance For Doubtful Accounts Receivable Recoveries
AllowanceForDoubtfulAccountsReceivableRecoveries
45000 usd
us-gaap Allowance For Doubtful Accounts Receivable Recoveries
AllowanceForDoubtfulAccountsReceivableRecoveries
1083000 usd
CY2023Q3 us-gaap Allowance For Doubtful Accounts Receivable Recoveries
AllowanceForDoubtfulAccountsReceivableRecoveries
45000 usd
us-gaap Allowance For Doubtful Accounts Receivable Recoveries
AllowanceForDoubtfulAccountsReceivableRecoveries
1224000 usd
CY2024Q3 us-gaap Debt Securities Available For Sale Amortized Cost Excluding Accrued Interest After Allowance For Credit Loss
DebtSecuritiesAvailableForSaleAmortizedCostExcludingAccruedInterestAfterAllowanceForCreditLoss
1468146000 usd
CY2024Q3 us-gaap Debt Securities Available For Sale Accrued Interest After Allowance For Credit Loss
DebtSecuritiesAvailableForSaleAccruedInterestAfterAllowanceForCreditLoss
3051000 usd
CY2024Q3 us-gaap Available For Sale Debt Securities Accumulated Gross Unrealized Gain Before Tax
AvailableForSaleDebtSecuritiesAccumulatedGrossUnrealizedGainBeforeTax
8192000 usd
CY2024Q3 us-gaap Available For Sale Debt Securities Accumulated Gross Unrealized Loss Before Tax
AvailableForSaleDebtSecuritiesAccumulatedGrossUnrealizedLossBeforeTax
1323000 usd
CY2024Q3 us-gaap Available For Sale Securities Debt Securities
AvailableForSaleSecuritiesDebtSecurities
1478066000 usd
CY2023Q4 us-gaap Debt Securities Available For Sale Amortized Cost Excluding Accrued Interest After Allowance For Credit Loss
DebtSecuritiesAvailableForSaleAmortizedCostExcludingAccruedInterestAfterAllowanceForCreditLoss
596757000 usd
CY2023Q4 us-gaap Debt Securities Available For Sale Accrued Interest After Allowance For Credit Loss
DebtSecuritiesAvailableForSaleAccruedInterestAfterAllowanceForCreditLoss
639000 usd
CY2023Q4 us-gaap Available For Sale Debt Securities Accumulated Gross Unrealized Gain Before Tax
AvailableForSaleDebtSecuritiesAccumulatedGrossUnrealizedGainBeforeTax
1011000 usd
CY2023Q4 us-gaap Available For Sale Debt Securities Accumulated Gross Unrealized Loss Before Tax
AvailableForSaleDebtSecuritiesAccumulatedGrossUnrealizedLossBeforeTax
3220000 usd
CY2023Q4 us-gaap Available For Sale Securities Debt Securities
AvailableForSaleSecuritiesDebtSecurities
595187000 usd
CY2024Q3 sofi Debt Securities Available For Sale Amortized Cost Excluding Accrued Interest Zero Expected Credit Loss Percentage Of Portfolio
DebtSecuritiesAvailableForSaleAmortizedCostExcludingAccruedInterestZeroExpectedCreditLossPercentageOfPortfolio
1
CY2023Q4 sofi Debt Securities Available For Sale Amortized Cost Excluding Accrued Interest Zero Expected Credit Loss Percentage Of Portfolio
DebtSecuritiesAvailableForSaleAmortizedCostExcludingAccruedInterestZeroExpectedCreditLossPercentageOfPortfolio
0.92
CY2024Q3 us-gaap Debt Securities Available For Sale Continuous Unrealized Loss Position Less Than12 Months
DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPositionLessThan12Months
170654000 usd
CY2024Q3 us-gaap Debt Securities Available For Sale Continuous Unrealized Loss Position Less Than12 Months Accumulated Loss
DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPositionLessThan12MonthsAccumulatedLoss
438000 usd
CY2024Q3 us-gaap Debt Securities Available For Sale Continuous Unrealized Loss Position12 Months Or Longer
DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPosition12MonthsOrLonger
22782000 usd
CY2024Q3 us-gaap Debt Securities Available For Sale Continuous Unrealized Loss Position12 Months Or Longer Accumulated Loss
DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPosition12MonthsOrLongerAccumulatedLoss
885000 usd
CY2024Q3 us-gaap Debt Securities Available For Sale Unrealized Loss Position
DebtSecuritiesAvailableForSaleUnrealizedLossPosition
193436000 usd
CY2024Q3 us-gaap Debt Securities Available For Sale Unrealized Loss Position Accumulated Loss
DebtSecuritiesAvailableForSaleUnrealizedLossPositionAccumulatedLoss
1323000 usd
CY2023Q4 us-gaap Debt Securities Available For Sale Continuous Unrealized Loss Position Less Than12 Months
DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPositionLessThan12Months
500942000 usd
CY2023Q4 us-gaap Debt Securities Available For Sale Continuous Unrealized Loss Position Less Than12 Months Accumulated Loss
DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPositionLessThan12MonthsAccumulatedLoss
215000 usd
CY2023Q4 us-gaap Debt Securities Available For Sale Continuous Unrealized Loss Position12 Months Or Longer
DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPosition12MonthsOrLonger
94245000 usd
CY2023Q4 us-gaap Debt Securities Available For Sale Continuous Unrealized Loss Position12 Months Or Longer Accumulated Loss
DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPosition12MonthsOrLongerAccumulatedLoss
3005000 usd
CY2023Q4 us-gaap Debt Securities Available For Sale Unrealized Loss Position
DebtSecuritiesAvailableForSaleUnrealizedLossPosition
595187000 usd
CY2023Q4 us-gaap Debt Securities Available For Sale Unrealized Loss Position Accumulated Loss
DebtSecuritiesAvailableForSaleUnrealizedLossPositionAccumulatedLoss
3220000 usd
CY2024Q3 us-gaap Available For Sale Securities Debt Maturities Within One Year Amortized Cost
AvailableForSaleSecuritiesDebtMaturitiesWithinOneYearAmortizedCost
108947000 usd
CY2024Q3 us-gaap Available For Sale Securities Debt Maturities After One Through Five Years Amortized Cost
AvailableForSaleSecuritiesDebtMaturitiesAfterOneThroughFiveYearsAmortizedCost
11267000 usd
CY2024Q3 us-gaap Available For Sale Securities Debt Maturities After Five Through Ten Years Amortized Cost
AvailableForSaleSecuritiesDebtMaturitiesAfterFiveThroughTenYearsAmortizedCost
20133000 usd
CY2024Q3 us-gaap Available For Sale Securities Debt Maturities After Ten Years Amortized Cost
AvailableForSaleSecuritiesDebtMaturitiesAfterTenYearsAmortizedCost
1327799000 usd
CY2024Q3 us-gaap Debt Securities Available For Sale Amortized Cost Excluding Accrued Interest After Allowance For Credit Loss
DebtSecuritiesAvailableForSaleAmortizedCostExcludingAccruedInterestAfterAllowanceForCreditLoss
1468146000 usd
CY2024Q3 us-gaap Debt Securities Available For Sale Maturity Within One Year Weighted Average Yield
DebtSecuritiesAvailableForSaleMaturityWithinOneYearWeightedAverageYield
0.0510
CY2024Q3 us-gaap Debt Securities Available For Sale Maturity After One Through Five Years Weighted Average Yield
DebtSecuritiesAvailableForSaleMaturityAfterOneThroughFiveYearsWeightedAverageYield
0.0305
CY2024Q3 us-gaap Debt Securities Available For Sale Maturity After Five Through Ten Years Weighted Average Yield
DebtSecuritiesAvailableForSaleMaturityAfterFiveThroughTenYearsWeightedAverageYield
0.0360
CY2024Q3 us-gaap Debt Securities Available For Sale Maturity After10 Years Weighted Average Yield
DebtSecuritiesAvailableForSaleMaturityAfter10YearsWeightedAverageYield
0.0574
CY2024Q3 us-gaap Debt Securities Available For Sale Weighted Average Yield
DebtSecuritiesAvailableForSaleWeightedAverageYield
0.0560
CY2024Q3 us-gaap Available For Sale Securities Debt Maturities Within One Year Fair Value
AvailableForSaleSecuritiesDebtMaturitiesWithinOneYearFairValue
109051000 usd
CY2024Q3 us-gaap Available For Sale Securities Debt Maturities After One Through Five Years Fair Value
AvailableForSaleSecuritiesDebtMaturitiesAfterOneThroughFiveYearsFairValue
11322000 usd
CY2024Q3 us-gaap Available For Sale Securities Debt Maturities After Five Through Ten Years Fair Value
AvailableForSaleSecuritiesDebtMaturitiesAfterFiveThroughTenYearsFairValue
20248000 usd
CY2024Q3 us-gaap Available For Sale Securities Debt Maturities After Ten Years Fair Value
AvailableForSaleSecuritiesDebtMaturitiesAfterTenYearsFairValue
1334394000 usd
CY2024Q3 us-gaap Debt Securities Available For Sale Excluding Accrued Interest
DebtSecuritiesAvailableForSaleExcludingAccruedInterest
1475015000 usd
CY2024Q3 us-gaap Debt Securities Available For Sale Accrued Interest After Allowance For Credit Loss
DebtSecuritiesAvailableForSaleAccruedInterestAfterAllowanceForCreditLoss
3051000 usd
CY2024Q3 us-gaap Debt Securities Available For Sale Realized Gain
DebtSecuritiesAvailableForSaleRealizedGain
4205000 usd
CY2024Q3 us-gaap Debt Securities Available For Sale Realized Loss
DebtSecuritiesAvailableForSaleRealizedLoss
643000 usd
us-gaap Debt Securities Available For Sale Realized Gain
DebtSecuritiesAvailableForSaleRealizedGain
4207000 usd
us-gaap Debt Securities Available For Sale Realized Loss
DebtSecuritiesAvailableForSaleRealizedLoss
682000 usd
us-gaap Debt Securities Available For Sale Realized Gain
DebtSecuritiesAvailableForSaleRealizedGain
3356000 usd
us-gaap Debt Securities Available For Sale Realized Loss
DebtSecuritiesAvailableForSaleRealizedLoss
509000 usd
CY2023Q3 us-gaap Debt Securities Available For Sale Realized Gain
DebtSecuritiesAvailableForSaleRealizedGain
0 usd
CY2023Q3 us-gaap Debt Securities Available For Sale Realized Loss
DebtSecuritiesAvailableForSaleRealizedLoss
0 usd
CY2024Q3 sofi Variable Interest Entity Consolidated Number Of Entities
VariableInterestEntityConsolidatedNumberOfEntities
4 entity
CY2023Q4 sofi Variable Interest Entity Consolidated Number Of Entities
VariableInterestEntityConsolidatedNumberOfEntities
6 entity
sofi Variable Interest Entity Consolidated Exercised Securitization Clean Up Calls Number Of Entities
VariableInterestEntityConsolidatedExercisedSecuritizationCleanUpCallsNumberOfEntities
2 entity
CY2024Q3 sofi Variable Interest Entity Nonconsolidated Investments Held Number Of Entities
VariableInterestEntityNonconsolidatedInvestmentsHeldNumberOfEntities
22 entity
CY2023Q4 sofi Variable Interest Entity Nonconsolidated Investments Held Number Of Entities
VariableInterestEntityNonconsolidatedInvestmentsHeldNumberOfEntities
22 entity
sofi Variable Interest Entity Nonconsolidated Number Of Trusts Established
VariableInterestEntityNonconsolidatedNumberOfTrustsEstablished
2 trust
sofi Variable Interest Entity Nonconsolidated Number Of Trusts Sold
VariableInterestEntityNonconsolidatedNumberOfTrustsSold
2 trust
CY2024Q3 us-gaap Deposits Savings Deposits
DepositsSavingsDeposits
20515821000 usd
CY2023Q4 us-gaap Deposits Savings Deposits
DepositsSavingsDeposits
12902033000 usd
CY2024Q3 us-gaap Demand Deposit Accounts
DemandDepositAccounts
2402196000 usd
CY2023Q4 us-gaap Demand Deposit Accounts
DemandDepositAccounts
2663335000 usd
CY2024Q3 us-gaap Time Deposits
TimeDeposits
1433761000 usd
CY2023Q4 us-gaap Time Deposits
TimeDeposits
3003625000 usd
CY2024Q3 us-gaap Interest Bearing Deposit Liabilities
InterestBearingDepositLiabilities
24351778000 usd
CY2023Q4 us-gaap Interest Bearing Deposit Liabilities
InterestBearingDepositLiabilities
18568993000 usd
CY2024Q3 us-gaap Noninterest Bearing Deposit Liabilities
NoninterestBearingDepositLiabilities
56008000 usd
CY2023Q4 us-gaap Noninterest Bearing Deposit Liabilities
NoninterestBearingDepositLiabilities
51670000 usd
CY2024Q3 us-gaap Deposits
Deposits
24407786000 usd
CY2023Q4 us-gaap Deposits
Deposits
18620663000 usd
CY2024Q3 us-gaap Interest Bearing Domestic Deposit Brokered
InterestBearingDomesticDepositBrokered
1393530000 usd
CY2023Q4 us-gaap Interest Bearing Domestic Deposit Brokered
InterestBearingDomesticDepositBrokered
3160414000 usd
CY2023Q4 sofi Interest Bearing Domestic Deposit Brokered Time Deposits
InterestBearingDomesticDepositBrokeredTimeDeposits
2971462000 usd
CY2023Q4 sofi Interest Bearing Domestic Deposit Brokered Demand Deposits
InterestBearingDomesticDepositBrokeredDemandDeposits
188952000 usd
CY2024Q3 us-gaap Time Deposits At Or Above Fdic Insurance Limit
TimeDepositsAtOrAboveFDICInsuranceLimit
21590000 usd
CY2023Q4 us-gaap Time Deposits At Or Above Fdic Insurance Limit
TimeDepositsAtOrAboveFDICInsuranceLimit
21268000 usd
CY2024Q3 us-gaap Time Deposit Maturities Remainder Of Fiscal Year
TimeDepositMaturitiesRemainderOfFiscalYear
637130000 usd
CY2024Q3 us-gaap Time Deposit Maturities Year One
TimeDepositMaturitiesYearOne
794187000 usd
CY2024Q3 us-gaap Time Deposit Maturities Year Two
TimeDepositMaturitiesYearTwo
2170000 usd
CY2024Q3 us-gaap Time Deposit Maturities Year Three
TimeDepositMaturitiesYearThree
0 usd
CY2024Q3 us-gaap Time Deposit Maturities Year Four
TimeDepositMaturitiesYearFour
159000 usd
CY2024Q3 sofi Time Deposit Maturities After Year Four
TimeDepositMaturitiesAfterYearFour
115000 usd
CY2024Q3 us-gaap Time Deposits
TimeDeposits
1433761000 usd
CY2024Q3 us-gaap Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
3203325000 usd
CY2023Q4 us-gaap Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
5259584000 usd
CY2024Q3 us-gaap Debt Instrument Unamortized Discount Premium And Debt Issuance Costs Net
DebtInstrumentUnamortizedDiscountPremiumAndDebtIssuanceCostsNet
23120000 usd
CY2023Q4 us-gaap Debt Instrument Unamortized Discount Premium And Debt Issuance Costs Net
DebtInstrumentUnamortizedDiscountPremiumAndDebtIssuanceCostsNet
26168000 usd
CY2024Q3 us-gaap Debt Longterm And Shortterm Combined Amount
DebtLongtermAndShorttermCombinedAmount
3180205000 usd
CY2023Q4 us-gaap Debt Longterm And Shortterm Combined Amount
DebtLongtermAndShorttermCombinedAmount
5233416000 usd
sofi Debt Instrument Debt Discounts Issued
DebtInstrumentDebtDiscountsIssued
17300000 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
CY2024Q2 sofi Temporary Equity Preferred Stock Redeemed Or Called During Period Value
TemporaryEquityPreferredStockRedeemedOrCalledDuringPeriodValue
320374000 usd
CY2024Q2 us-gaap Preferred Stock Redemption Premium
PreferredStockRedemptionPremium
3026000 usd
CY2024Q3 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
1084136516 shares
CY2024Q3 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
1084136516 shares
CY2024Q3 us-gaap Common Stock Capital Shares Reserved For Future Issuance
CommonStockCapitalSharesReservedForFutureIssuance
185256613 shares
CY2023Q4 us-gaap Common Stock Capital Shares Reserved For Future Issuance
CommonStockCapitalSharesReservedForFutureIssuance
206182041 shares
us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0
us-gaap Common Stock Dividends Per Share Cash Paid
CommonStockDividendsPerShareCashPaid
0
us-gaap Common Stock Dividends Per Share Cash Paid
CommonStockDividendsPerShareCashPaid
0
us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0
CY2024Q3 us-gaap Other Comprehensive Income Loss Before Reclassifications Net Of Tax
OtherComprehensiveIncomeLossBeforeReclassificationsNetOfTax
9427000 usd
CY2024Q3 us-gaap Reclassification From Accumulated Other Comprehensive Income Current Period Net Of Tax
ReclassificationFromAccumulatedOtherComprehensiveIncomeCurrentPeriodNetOfTax
-165000 usd
CY2024Q3 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
9592000 usd
CY2023Q3 us-gaap Other Comprehensive Income Loss Before Reclassifications Net Of Tax
OtherComprehensiveIncomeLossBeforeReclassificationsNetOfTax
5719000 usd
CY2023Q3 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
5719000 usd
us-gaap Other Comprehensive Income Loss Before Reclassifications Net Of Tax
OtherComprehensiveIncomeLossBeforeReclassificationsNetOfTax
9153000 usd
us-gaap Reclassification From Accumulated Other Comprehensive Income Current Period Net Of Tax
ReclassificationFromAccumulatedOtherComprehensiveIncomeCurrentPeriodNetOfTax
-165000 usd
us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
9318000 usd
us-gaap Other Comprehensive Income Loss Before Reclassifications Net Of Tax
OtherComprehensiveIncomeLossBeforeReclassificationsNetOfTax
8724000 usd
us-gaap Reclassification From Accumulated Other Comprehensive Income Current Period Net Of Tax
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