SoFi Technologies (SOFI) financial statements
SoFi Technologies reported revenue of $3.6B in fiscal 2025, up 41.9% a year over 6 years.
Net income was $481M.
Free cash flow was -$4.0B.
The diluted share count rose 1808% over the period (dilution).
Revenue and free cash flow
Fiscal years, $ billions.
Income statement
Fiscal years, from SoFi Technologies's 10-K filings with the SEC.
| Fiscal year | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|
| Revenue | $443M | $566M | $985M | $1.6B | $2.1B | $2.7B | $3.6B |
| Cost of revenue | $116M | $179M | $257M | $313M | $380M | $462M | $609M |
| Gross profit | $326M | $387M | $728M | $1.3B | $1.7B | $2.2B | $3.0B |
| Research and development | $147M | $201M | $276M | $405M | $511M | $552M | $648M |
| Selling, general and admin | $418M | $514M | $925M | $1.1B | $1.2B | $1.4B | $1.8B |
| Interest expense | $278M | $186M | $103M | $189M | $789M | — | — |
| Pre-tax income | -$240M | -$329M | -$481M | -$319M | -$301M | $233M | $526M |
| Income tax | $98,000 | -$104M | $3M | $2M | -$416,000 | -$265M | $45M |
| Net income | -$240M | -$224M | -$484M | -$320M | -$301M | $499M | $481M |
| EPS (diluted) | -$4.02 | -$4.30 | -$1.00 | -$0.40 | -$0.36 | $0.39 | $0.39 |
| Diluted shares | 66M | 74M | 527M | 901M | 945M | 1.10B | 1.25B |
| Gross margin | 73.7% | 68.4% | 73.9% | 80.1% | 82.1% | 82.7% | 83.1% |
| Net margin | -54.1% | -39.6% | -49.1% | -20.4% | -14.2% | 18.6% | 13.3% |
Balance sheet
Fiscal years, from SoFi Technologies's 10-K filings with the SEC.
| Fiscal year | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|
| Cash and short-term investments | $499M | $259,714 | $495M | $1.4B | $3.1B | $2.5B | $4.9B |
| Total current assets | — | $1M | — | — | — | — | — |
| Property, plant and equipment | — | $81M | $112M | $170M | $217M | $288M | $416M |
| Goodwill | $16M | $899M | $899M | $1.6B | $1.4B | $1.4B | $1.4B |
| Total assets | — | $8.6B | $9.2B | $19.0B | $30.1B | $36.3B | $50.7B |
| Total current liabilities | — | $183,450 | — | — | — | — | — |
| Total liabilities | — | $5.5B | $4.5B | $13.5B | $24.5B | $29.7B | $40.2B |
| Shareholders' equity | -$339M | -$120M | $4.4B | $5.2B | $5.2B | $6.5B | $10.5B |
| Net debt | -$499M | -$259,714 | -$495M | -$1.4B | -$3.1B | -$2.5B | -$4.9B |
Cash flow
Fiscal years, from SoFi Technologies's 10-K filings with the SEC.
| Fiscal year | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|
| Operating cash flow | -$55M | -$479M | -$1.4B | -$7.3B | -$7.2B | -$1.1B | -$3.7B |
| Capital spending | $38M | $25M | $52M | $93M | $111M | $154M | $242M |
| Free cash flow | -$92M | -$504M | -$1.4B | -$7.3B | -$7.3B | -$1.3B | -$4.0B |
| Stock-based compensation | $61M | $100M | $239M | $306M | $271M | $246M | $262M |
| Share buybacks (net) | -$9M | -$40,000 | -$526,000 | $0 | $0 | — | — |
| Net borrowing | -$368M | $1.6B | -$2.1B | $1.4B | — | — | — |
| Free cash flow margin | -20.9% | -89.1% | -142.4% | -467.0% | -345.7% | -47.6% | -110.3% |
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Open SOFI in InvestinglyQuestions
What was SoFi Technologies's revenue in 2025?
$3.6B in fiscal 2025, from its 10-K filing.
How much free cash flow does SoFi Technologies generate?
-$4.0B in fiscal 2025 (operating cash flow minus capital spending).
From SoFi Technologies's annual reports filed with the SEC (XBRL data), standardised by Investingly. Information only, not investment advice.