Members

Revenue segments as reported by the company.

Lending

Technology Platform

Financial Services

Other

Revenue Segments

Gross Profit, Operating Income, and Net Income as a percentage of Revenue

Operating Margin

Profit Margin

Margins

An operating expense is an expense a business incurs through its normal business operations. Often abbreviated as OPEX.

Technology and product development

Sales and marketing

Cost of operations

General and administrative

Provision for credit losses

Goodwill impairment

Operating Expenses

Year over year growth in Revenue and Operating Expenses.

Revenue Y/Y

OpEx Y/Y

Growth

Shares outstanding refer to a company's stock currently held by all its shareholders, including share blocks held by institutional investors and restricted shares owned by the company's officers and insiders.

Outstanding Shares

Market Cap

Also known as Price/Sales Ratio. Calculated using Average market cap for the quarter / Annualized quarterly revenue.

Revenue Multiple

SoFi Technologies

SoFi Technologies, Inc. operates as a financial technology company. The Company offers financial services platform for borrowing, saving, spending, and investing. SoFi Technologies serves customers in the United States.

Earnings data Q2 2021

Earnings data Q3 2021

Earnings data Q4 2021

Earnings data Q1 2022

Earnings data Q2 2022

Earnings data Q3 2022

Earnings data Q4 2022

Earnings data Q1 2023

Earnings data Q2 2023

Earnings data Q3 2023

Earnings data Q4 2023

Earnings data Q1 2024

Earnings data Q2 2024

Earnings data Q3 2024

Earnings data Q4 2024

SoFi reports record Q4 earnings, poised for continued growth

SoFi's exceptional performance in 2022, strong balance sheet, and strategic growth initiatives position the company for continued success.
While facing challenges such as market uncertainties and operational transitions, SoFi's focus on quality, growth, and innovation drives opportunities for expansion.
With a positive outlook for 2023, SoFi's emphasis on financial milestones, client relationships, and product diversification sets a solid foundation for future growth.
The company's achievements over the past five years reflect a commitment to excellence and innovation, reinforcing its position in the digital financial services sector.

SoFi Technologies excels in Q1, eyes growth in student loans

SoFi Technologies reported a stellar Q1 performance with record revenue and positive GAAP net income, driven by strong growth in key segments.
While facing challenges in managing loan margins and loss expectations, SoFi is well-positioned to capitalize on opportunities in product expansion and the student loan market.
Overall, SoFi's performance reflects operational excellence, financial strength, and a strategic focus on enhancing member experience and financial outcomes.

SoFi reports record Q2 earnings, eyes sustained growth opportunities

SoFi's Q2 performance reflects strong financial metrics, member growth, and revenue diversification, underlining a resilient business model.
While facing challenges in market dynamics and regulatory changes, SoFi's strategic focus on growth areas and operational efficiency presents opportunities for sustained success.
The earnings call highlighted SoFi's commitment to innovation, customer-centric strategies, and team-driven success, positioning the company for continued growth and market leadership.

SoFi reports record Q3 revenue and member growth, eyes profitability

SoFi's Q3 performance showcased strong revenue growth, improved margins across all segments, and significant member and product expansion. The company is focused on driving profitability, sustaining growth momentum, and capitalizing on opportunities in the financial services sector.

SoFi Technologies reports robust 2023 performance and eyes growth opportunities

SoFi Technologies delivered a strong performance in 2023, achieving profitability, robust member growth, and revenue diversification across its segments.
While facing challenges such as potential increased losses and marketing spend limitations, the company is well-positioned to capitalize on opportunities in loan demand and revenue growth.
By focusing on credit underwriting adjustments, margin expansion, and monitoring economic conditions, SoFi aims to maintain its competitive edge and drive long-term profitability.
Overall, SoFi's strategic investments in the Tech Platform and commitment to financial strength underscore its resilience and growth potential in the digital financial services landscape.

SoFi Technologies excels in Q1 2024, eyes growth opportunities

SoFi Technologies reported robust financial performance in Q1 2024, driven by strong revenue growth, member expansion, and positive contributions from various business segments. While facing challenges in the Lending segment, the company is well-positioned to capitalize on opportunities in deposit growth, brand awareness, and Credit Card business.

SoFi Technologies reports stellar Q2 results, eyes diversification for growth

SoFi Technologies had a standout Q2, demonstrating robust financial performance, strong member growth, and revenue records in key segments. While facing potential challenges in loan loss assumptions, the company is optimistic about its future prospects and growth opportunities.

SoFi reports record Q3 revenue, eyes growth in key sectors

SoFi Technologies demonstrated exceptional performance in Q3 2024, achieving record revenue and profitability milestones while focusing on innovation and customer acquisition.
The company's strengths lie in its robust revenue growth, expanding customer base, and strategic initiatives to drive sustained growth across key business segments.
Challenges include maintaining growth momentum, optimizing key business areas, and navigating external factors that could impact performance and profitability.
Amidst challenges, SoFi has ample opportunities to capitalize on key growth areas, drive innovation, and solidify its position in the competitive financial services landscape.

Revenue

Cost of revenue

Gross profit

Operating expenses

SG&A

Operating income

EBITDA

Net income

Earnings per share

Total assets

Current assets

Cash & equivalents

Receivables

Inventory

Non-current assets

Net PPE

Intangibles

Total liabilities

Current liabilities

Short term debt

Income tax payable

Non-current liabilities

Long-term debt

Total equity

Stockholders equity

Minority interest

Total liabilities & equity

Total debt

Net debt

Book value per share

Cash from operations

Funds from operations

Change in working capital

Cash from investing

Capital expenditure

Purchase/sale of investments

Purchase/sale of business

Other sources

Cash from financing

Change in stock

Change in debt

Cash dividends paid

Cash from other sources

Net change in cash

Free cash flow

SoFi Technologies, Inc. is a financial service platform, which engages in the provision of student loan refinancing options to the private student loan market. It offers home loans, personal loans, and credit cards. It operates through the following segments: Lending, Technology Platform, and Financial Services. The Lending segment includes personal loan, student loan, home loan products, and related servicing activities. The Technology Platform segment focuses on technology products and solutions revenue. The Financial Services segment includes the SoFi Money product, SoFi Invest product, SoFi Credit Card product, SoFi Relay personal finance management product, and other financial services such as lead generation and content for other financial services institutions. The company was founded in 2011 and is headquartered in San Francisco, CA.

On Dec. 1, I argued that SoFi Technologies (NASDAQ: SOFI ) stock was a buy. Mainly, because the market's near-term concerns about SOFI stock had resulted in shares falling to a price that was more-than-reasonable compared to this neobank's long-term prospects.

SOFI Stock Rebound: Sell Into Strength or Let it Ride?

SoFi stock is up 112% this year as several tailwinds benefit the fintech. The company is attracting customer deposits thanks to its high-yield savings accounts.

3 Things You Need to Know if You Buy SoFi Today

Kinsale Capital Group

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Progyny

SoFi and Kinsale continue to dominate their respective unique niches of the financial industry. Progyny's valuation looks cheaper now than a year ago despite its stock rising 17%.

4 Unstoppable Multibaggers to Buy in 2024 and Hold for the Next Decade

Affirm

Coinbase

Robinhood

Upstart Holdings

There's no denying that the past few years have been difficult for fintech stocks. Rising interest rates have made both stocks and loans less attractive.

SOFI, COIN, HOOD, UPST, or AFRM: Who's Winning the Fintech Stocks Race?

SoFi Technologies (NASDAQ: SOFI ), a leading online financial platform, provides diverse services such as personal loans and mortgages. With 44 million U.S. student borrowers, rising personal loan demand is anticipated, benefiting SoFi.

Why SOFI Stock Looks Like Excellent Value Heading Into 2024

Albemarle

ChargePoint Holdings

Lithium Americas Corp

Luminar Technologies

This article is an excerpt from the InvestorPlace Digest newsletter. To get news like this delivered straight to your inbox, click here.

5 Growth Stocks to Turn $50,000 Into $100,000

Block

A seismic shift is underway for fintech stocks as three financial juggernauts emerge as the vanguards of fintech innovation, setting the stage for a transformative 2024. These titans wield disruptive strategies that promise to reshape the landscape of consumer finance and transaction processing.

Financial Gamechangers: 3 FinTech Stocks Set to Dominate 2024

Noble Corp PLC

Nobody has a crystal ball, but these two stocks have the potential to become massive success stories.

Prediction: These 2 Stocks Could Be Monster Winners

Charles Schwab

Intel

On the heels of the Federal Reserve's dovish commentary , shares of financial firms SoFi Technologies Inc (NASDAQ:SOFI) and Charles Schwab Corporation (NYSE:SCHW) are making outsized moves.

3 Outperforming Stocks Popular with Options Traders

SoFi Technologies, Inc. (SOFI) witnessed a jump in share price last session on above-average trading volume. The latest trend in earnings estimate revisions for the stock doesn't suggest further strength down the road.

Strength Seen in SoFi Technologies, Inc. (SOFI): Can Its 12.5% Jump Turn into More Strength?

After sinking to a low stock price of $4.50 at the start of 2023, SoFi Technologies (NASDAQ: SOFI ) has made a decent comeback at $9.52, a respectable jump of 111%. It therefore has outpaced the S&P 500 that has spiked 20% this year through the start of December 2023.

SoFi Stock Is Riding a Roller-Coaster But Gaining in 2023

Opendoor

PayPal

LendingTree

Fintech stocks are up today with investors celebrating recent news from the Federal Reserve concerning interest rates. The big announcement that has investors excited is no more interest rate increases in 2023.

Why Are Fintech Stocks Up Today?

Bank of America

Citigroup

Fifth Third Bancorp

JPMorgan Chase & Co

Wells Fargo

Bank stocks are up today and investors wonder why have come to the right place! The reason that bank stocks are up on Thursday has to do with an update from the Federal Reserve.

Why Are Bank Stocks Up Today?

SoFi Technologies (NASDAQ: SOFI ) stock is up on Thursday as the shares continue a rally that started yesterday alongside an update from the Federal Reserve. The big news here that has SOFI stock up today is no new interest rate increases from the Fed.

Why Is SOFI Stock Up Today?

As a shareholder of San Francisco-based fintech, SoFi Technologies, I am disappointed its stock trades 61% below the high it reached in June 2021 – the day it went public by merging with a Special Purpose Acquisition Company.

Up 99% In 2023, Why ARK Could Profit From Buying More SoFi Stock

Several major bank stocks jumped after the U.S. Federal Reserve held rates steady for the third straight time on Wednesday. Fed officials also signaled at least three rate cuts in 2024.

Why SoFi Technologies, Bank of America, and Fifth Third Bancorp Stocks Rallied on Wednesday

Fintech firm SoFi Technologies (NASDAQ: SOFI ) could represent the future of personal finance, but it's taking forever for SOFI stock to have its big breakout moment. Ultimately, there's nothing really wrong with investing in SoFi Technologies for the long term, but be prepared for a bumpy road in the coming months.

Hold On! SOFI Stock Could Break DOWN Before It Breaks OUT.

Coca-Cola

Li Auto Inc.

If you are a beginner investor in the stock market, it is natural to have concerns. However, you don't need to start building a portfolio with a big amount.

Have $100 to Spend? 3 Cheap Stocks to Buy in December

Qualifying Employees to Receive Up to 8% of Their Salary Plus Bonus for Outstanding Student Loans from One of the Country's Best 401(k) Plans, in Partnership with SoFi at Work RALEIGH, N.C. , Dec. 13, 2023 /PRNewswire/ -- Kimley-Horn, a premier engineering, planning, and design consultancy with offices across the country, will pay matching contributions into qualifying employees' 401(k) plans based on their student loan repayments.

Kimley-Horn to Offer 401(k) Student Loan Repayment Match in 2024

Have you noticed how life has been getting slower lately? Summer and Spring travel is over for the most part, and the end-of-year bug has bitten everyone this month, especially those on Wall Street.

Short interest at SoFi could quickly send the stock flying higher

SoFi demonstrates staggering revenue growth and strong balance sheet, positioning it for aggressive investment in marketing and cross-selling opportunities. Recent quarterly earnings exceeded estimates, with revenue growing by 27% YoY and a positive outlook for future earnings. My valuation analysis suggests the stock is massively undervalued.

SoFi Technologies: Time To Load Up

I think SoFi could surprise investors once again, especially when it comes to membership growth and the deposit base. SoFi has been an excellent performer in 2023, with shares up more than 70% for the year through mid-December.

Where Is SoFi Heading in 2024? 3 Bold Predictions for Investors

SoFi is laying the foundation of a strong business by using high consumer engagement to drive increased revenue. Cross-selling and upselling products, along with new member signups, are leading toward profitability.

Sofi Stock: Buy, Sell, or Hold?

Ameriprise Financial

Invitation Homes

Fortune recently reported on a couple of surveys about millennial housing trends.  The first survey from the Bank of America Institute, an economic think tank from BofA.

3 Ways Millennials Can Profit From Their Housing Woes

SoFi Technologies and Nu Holdings are growing revenue and customers rapidly.

News for SoFi Technologies Stock (SOFI)