SoFi Technologies's Income Statement Analysis: Revenue to Profit Breakdown
SoFi Technologies's Income Statement Analysis: Revenue to Profit Breakdown
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FY21
Dec 31, 2021
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FY22
Dec 31, 2022
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FY23
Dec 31, 2023
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FY24
Dec 31, 2024
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FY25
Dec 31, 2025
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TTM
Trailing 12M
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Revenue
Total sales generated. |
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$1.09 B | $1.76 B | $2.90 B | $3.70 B | $4.77 B | $5.14 B |
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Cost of Revenue Direct cost of goods/services. |
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$110.35 M | $243.61 M | $844.27 M | $1.12 B | $1.49 B | $1.23 B |
Gross Profit Revenue minus cost of revenue. |
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$977.30 M | $1.52 B | $2.05 B | $2.58 B | $3.28 B | $3.91 B |
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Operating Expense
Costs to run business. |
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$1.46 B | $1.84 B | $2.35 B | $2.35 B | $2.45 B | $3.26 B |
Research and Development Investment in innovation. |
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- | - | - | - | $648.33 M | $187.68 M |
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Sales, General and Administrative
Selling and admin costs. |
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$925.41 M | $1.12 B | $1.23 B | $1.40 B | $1.80 B | $1.94 B |
General and Administrative Corporate overhead costs. |
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$498.53 M | $501.62 M | $511.01 M | $600.09 M | $704.44 M | $745.62 M |
Sales and Marketing Customer acquisition costs. |
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$426.88 M | $617.82 M | $719.40 M | $796.29 M | $1.10 B | $1.19 B |
Other Expenses Other operating costs. |
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$533.07 M | $718.48 M | $1.12 B | $950.90 M | - | $1.14 B |
Operating Income Profit from operations. |
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-$481.18 M | -$318.72 M | -$301.16 M | $233.35 M | $1.68 B | $645.63 M |
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Net Interest Income
Interest income minus expense. |
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$252.24 M | $584.10 M | $1.26 B | $1.72 B | -$1.16 B | $2.41 B |
Interest Income Income from investments. |
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$355.02 M | $773.37 M | $2.05 B | $2.81 B | - | $3.61 B |
Interest Expense Cost of borrowing. |
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$102.78 M | $189.28 M | $789.33 M | $1.09 B | $1.16 B | $1.20 B |
Non-Operating Income (ex-Int) Income outside core operations. |
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- | - | - | - | - | - |
Total Other Income (Net) Net non-operating items. |
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- | - | - | - | -$1.16 B | - |
Income Before Tax Profit before taxes. |
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-$481.18 M | -$318.72 M | -$301.16 M | $233.35 M | $525.86 M | $645.63 M |
Income Tax Expense Taxes on income. |
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$2.76 M | $1.69 M | -$416.00 K | -$265.32 M | $44.54 M | $68.69 M |
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Net Income
Final profit. |
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-$483.94 M | -$320.41 M | -$300.74 M | $498.67 M | $481.32 M | $576.94 M |
Net Income From Continuing Operations Profit from core business. |
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-$483.94 M | -$320.41 M | -$300.74 M | $498.67 M | $481.32 M | $576.94 M |
Net Income From Discontinued Operations Profit/loss from sold units. |
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- | - | - | - | - | - |
Other Adjustments to Net Income Additional accounting adjustments. |
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- | - | - | - | - | - |
Net Income Deductions Reductions from net income. |
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- | - | - | -$19.53 M | - | -$351.00 K |
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Earnings Per Share
Company profit allocated to each outstanding share. |
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EPS Earnings per share. Formula: Net Income ÷ Shares |
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-$1.00 | -$0.40 | -$0.36 | $0.46 | $0.42 | $0.48 |
Diluted EPS EPS including dilution. Formula: Net Income ÷ Diluted Shares |
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-$1.00 | -$0.40 | -$0.36 | $0.39 | $0.39 | $0.44 |
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Shares for EPS
Number of shares used to calculate EPS. |
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Weighted Average Shares Outst. Avg shares used for EPS. |
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526.73 M | 900.89 M | 945.02 M | 1.05 B | 1.15 B | 1.28 B |
Diluted Average Shares Outst. Shares including dilution. |
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526.73 M | 900.89 M | 945.02 M | 1.10 B | 1.25 B | 1.38 B |
| Supplemental Items | |||||||
EBIT Earnings before interest and tax. |
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-$481.18 M | -$318.72 M | -$301.16 M | $233.35 M | $1.68 B | $645.63 M |
EBITDA Earnings before interest, tax, D&A. |
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-$379.61 M | -$167.36 M | -$99.74 M | $436.84 M | $1.92 B | $892.07 M |
Depreciation and Amortization Non-cash expense for assets. |
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$101.57 M | $151.36 M | $201.42 M | $203.50 M | $234.15 M | $246.45 M |
| Company Report |
SoFi Technologies's Assets vs Liabilities & Equity
SoFi Technologies's Assets vs Liabilities & Equity
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