SOFINasdaqFinance ServicesUS GAAP · USD

SoFi Technologies, Inc.

SoFi Technologies, Inc. is a U.S.-based financial services company organized around a digital platform that lets members borrow, save, spend, invest, and protect their money in one app. It also operates a bank holding company structure through SoFi Bank and provides technology platform services to financial institutions, government entities, and other enterprises in North America and Latin America.

Revenue619m USD
+23.1 %y/y
Net income481m USD
−3.5 %y/y
Free cash flow-3,742m USD
−234.2 %y/y

Fiscal year 2025 · change from previous year

Development 2020–2025

-2000200400600800m USD2020: 103 m USD2020: EBIT -0.66 m USD20202021: 248 m USD20212022: 377 m USD20222023: 421 m USD20232024: 503 m USD20242025: 619 m USD2025619
RevenueOperating profit (EBIT)

Business

Share of revenue
Lending40 %

Consumer and student lending products, including loan origination and related platform activity.

Financial Services35 %

Deposits, cards, brokerage, crypto, and member-facing financial products delivered through the app.

Technology Platform20 %

API-based and cloud-native banking and payments software sold to external institutions and partners.

Other Services5 %

Marketplace and partner-led offerings such as insurance, travel, and employee benefits.

Customers

SoFi primarily serves individual members who use the app for borrowing, banking, investing, and financial management. It also sells services to enterprises, including financial institutions, third-party partners in its loan platform business, and clients using its technology platform. The business is built to deepen relationships with members over time while also monetizing institutional and partner relationships.

Consumer members

Individuals who use SoFi for lending, banking, investing, and financial planning tools.

Depositors and card users

Members using SoFi Money, checking/savings, and credit card products for everyday financial activity.

Loan platform partners

Third parties that refer, purchase, or participate in loans and related origination activity.

Technology platform clients

Financial institutions, government entities, and non-financial institutions using SoFi's software and banking tools.

Marketplace users

Consumers and small businesses that use Lantern and other partner-led offerings when they do not qualify for SoFi products.

Strategy

SoFi's strategy centers on building a single integrated financial platform that increases product adoption per member and deepens lifetime relationships. It also aims to expand its bank funding base, broaden technology platform offerings, and add adjacent services that increase engagement and cross-sell opportunities. The company emphasizes a digital-first model and a product loop that links member experience, acquisition efficiency, and monetization.

Deepen member relationships across multiple productsShort term

More products per member improve retention, engagement, and lifetime value.

Scale SoFi Bank funding and product setMedium term

Deposits and bank capabilities support loan funding and product expansion.

Expand enterprise technology offeringsMedium term

Platform services diversify revenue beyond consumer lending and banking.

Geography

SoFi is primarily a U.S. business, with its core member base, banking operations, and lending activity centered in the United States. It also has international activity in Latin America, Canada, Switzerland, and Hong Kong, largely through the Technology Platform segment and an investment business in Hong Kong. The non-U.S. footprint matters because it broadens the addressable market for software and platform services while adding cross-border regulatory and operating complexity.

Risks

SoFi faces regulatory, cybersecurity, and banking-related risks because it operates across consumer finance, securities, and bank-regulated activities. Its technology platform and digital model also depend on reliable systems, third-party providers, and compliance with evolving rules for crypto, open-source software, and financial services. Goodwill and other judgment-based assets add accounting and impairment risk if operating conditions weaken.

Sorted by severity
LowMediumHighLowMediumHighImpact →Likelihood →Banking and securities regulatory compliance1Cybersecurity and third-party system disruption2Goodwill impairment in acquired businesses3Regulatory scrutiny of technology platform services4Crypto and blockchain compliance risk5
Impact is the risk’s severity and likelihood how probable it is over the next few years, both assessed from the company’s reports. Numbers match the list.
  1. Banking and securities regulatory complianceImpact: HighLikelihood: Medium

    SoFi operates as a bank holding company and offers regulated financial products.

    ExposureSoFi BankLendingBrokerageDeposit products
  2. Cybersecurity and third-party system disruptionImpact: HighLikelihood: Medium

    Digital banking and platform services rely on secure systems and vendors.

    ExposureMember accountsLoan servicingTechnology platform clients
  3. Goodwill impairment in acquired businessesImpact: HighLikelihood: Low

    Acquired reporting units can be impaired if forecasts or market conditions weaken.

    Exposure: Galileo and Technisys goodwill

  4. Regulatory scrutiny of technology platform servicesImpact: MediumLikelihood: Medium

    Platform offerings may attract oversight as they scale across jurisdictions.

    ExposureAPICore bankingPayment risk products
  5. Crypto and blockchain compliance riskImpact: MediumLikelihood: Medium

    New crypto-related offerings may face changing laws and licensing requirements.

    Exposure: Crypto trading and future blockchain-enabled products

Accounting

Judgemental items
Revenue recognition across multiple fee streams

SoFi earns revenue from referrals, interchange, brokerage, and platform contracts with different timing rules.

Impact: Can shift quarterly revenue mix and comparability

Goodwill impairment

The Technology Platform segment carries significant goodwill in Galileo and Technisys.

Impact: Could create non-cash charges if fair values fall

SPEs and loan transfer accounting

Loan origination, transfer, and retained interests affect consolidation and gain recognition.

Impact: Affects liquidity, revenue timing, and balance sheet assets

Fair value and estimate judgments

Management uses estimates for asset values, forecasts, and impairment assessments.

Impact: Can materially affect reported earnings and asset values

Publicly listed companies with a comparable business focus.

Last updated: 24/09/2026

SoFi Technologies, Inc. (SOFI) Revenue, Earnings & Financials 2025 – Clarifo