SoFi Technologies, Inc.SOFI

NasdaqFinanceFinance Services
Price (close)
$16.80
Market cap
$21.7B
P/E
34.1x
Revenue (TTM)
$610.2M
Net income
$636.3M
Dividend yield
—
1-year total return
-40.3%
Net margin
104.3%
Revenue growth
9.2%
Debt / equity
—

What SoFi Technologies, Inc. does.

We are a mission driven company designed to help our members achieve financial independence in order to realize their ambitions. To us, financial independence does not mean being wealthy, but rather represents the ability of our members to have the financial means to achieve their personal objectives at each stage of life, such as owning a home, having a family, or having a career of their choice — more simply stated, to have enough money to do what they want. We were founded in 2011 and have developed a suite of financial products that offers the speed, selection, content and convenience that only an integrated digital platform can provide. In order for us to achieve our mission, we have to help people get their money right, which means providing them with the ability to borrow better, save better, spend better, invest better and protect better. Everything we do today is geared toward helping our members “Get Your Money Right” and we strive to innovate and build ways for our members to achieve this goal.

In order to help achieve our mission, we are a member-centric, one-stop shop for financial services that, through our Lending and Financial Services products, allows members to borrow, save, spend, invest and protect their money. We refer to our customers as “members” and “clients”. We offer personal loans, student loans, home loans and related servicing and offer a variety of financial services products, such as SoFi Money, SoFi Credit Card, SoFi Crypto, SoFi Invest and SoFi Relay, that provide more daily interactions with our members, as well as products and capabilities, such as SoFi At Work, that are designed to appeal to enterprises. Lending related services that we offer through our Loan Platform Business help a broader range of borrowers to find lending solutions, through our relationships with members as well as third-party enterprise partners. Our Technology Platform supports innovation for a broad range of enterprises, with offerings that give clients the ability to create, launch and run financial products. In addition, SoFi Plus is our premium financial membership that provides benefits that span our offerings and brings together all we have to offer.

Revenue and profit, by fiscal year.

Fiscal year202020212022202320242025
Revenue$103.3M$247.7M$377.1M$421.5M$503.1M$619.4M
Net income-$224.1M-$483.9M-$320.4M-$300.7M$498.7M$481.3M
Free cash flow-$503.9M-$1.4B-$7.3B-$7.3B-$1.3B-$4.0B

More on SOFI.

Figures from SoFi Technologies, Inc.'s filings with the U.S. SEC, standardised automatically; prices are end-of-day closes. Not financial advice.