SoFi Technologies Financial Statements
NASDAQ: SOFIFinanceFinance: Consumer ServicesUSD
At close: Oct 9, 4:00 PM ET · Delayed 15 min
SoFi Technologies revenue and earnings
In fiscal 2025, SoFi Technologies generated $619.4 million in revenue, up 23.1% from fiscal 2024, its 6th consecutive year of revenue growth. Net income was $481.3 million (-3.5% year over year), for a net margin of 77.7% versus a median of -85.0% in the prior 5 years. Gross margin was 1.7% (down from 8.2%).
Diluted earnings per share came in at $0.39, up from $0.39. Over the last 5 fiscal years, SOFI's revenue has grown at a 43.1% compound annual rate.
Summary generated from market data by MetaCap's automated system. Methodology
SoFi Technologies income statement (annual)
| Fiscal year (USD) | FY 20252025-12-31 | FY 20242024-12-31 | FY 20232023-12-31 | FY 20222022-12-31 | FY 20212021-12-31 | FY 20202020-12-31 | FY 20192019-12-31 |
|---|---|---|---|---|---|---|---|
| Revenue | 619.35M | 503.12M | 421.45M | 377.10M | 247.72M | 103.33M | 4.52M |
| Revenue growth (YoY) | +23.10% | +19.38% | +11.76% | +52.23% | +139.73% | +2186.08% | — |
| Cost of Revenue | 609.00M | 461.63M | 380.00M | 313.23M | 256.98M | 178.90M | 116.33M |
| Gross Profit | 10.36M | 41.49M | 41.46M | 63.87M | -9.26M | -75.56M | -111.81M |
| Operating Expenses | 3.06B | 2.41B | 2.37B | 1.84B | 1.47B | 894.05M | 682.26M |
| Research & Development | 648.33M | 551.79M | 511.42M | 405.26M | 276.09M | 201.20M | 147.46M |
| Selling, General & Admin | 1.80B | 1.40B | 1.23B | 1.12B | 925.41M | 513.96M | 418.47M |
| Interest Expense | 1.16B | 1.09B | 789.33M | 189.28M | 102.78M | 185.61M | 278.36M |
| Pretax Income | 525.86M | 233.34M | -301.16M | -318.72M | -481.18M | -328.52M | -239.60M |
| Income Tax | 44.54M | -265.32M | -416.00K | 1.69M | 2.76M | -104.47M | 98.00K |
| Net Income | 481.32M | 498.67M | -300.74M | -320.41M | -483.94M | -224.05M | -239.70M |
| Net Income growth (YoY) | -3.48% | — | — | — | — | — | — |
| EPS (Basic) | 0.42 | 0.46 | -0.36 | -0.40 | -1.00 | -4.30 | -4.02 |
| EPS (Diluted) | 0.39 | 0.39 | -0.36 | -0.40 | -1.00 | -4.30 | -4.02 |
| Shares Outstanding (Basic) | 1.15B | 1.05B | 945.02M | 900.89M | 526.73M | 73.85M | 65.62M |
| Shares Outstanding (Diluted) | 1.25B | 1.10B | 945.02M | 900.89M | 526.73M | 73.85M | 65.62M |
| Gross Margin | 1.67% | 8.25% | 9.84% | 16.94% | -3.74% | -73.13% | -2473.61% |
| Net Margin | 77.71% | 99.11% | -71.36% | -84.97% | -195.36% | -216.83% | -5303.03% |
This table shows 7 annual periods of SoFi Technologies's income statement, from FY 2025 back to FY 2019, across 16 line items including revenue, cost of revenue, gross profit. Values in USD; B = billions, M = millions. Fiscal periods follow SOFI's reporting calendar. What is a income statement?