Market Summary
USD5.59-0.17
Market Closed-2.95%
SOFI Stock Price
SOFI RSI Chart
SOFI Valuation
SOFI Price/Sales (Trailing)
SOFI Profitability
SOFI Fundamentals
SOFI Revenue
SOFI Earnings
Price Action
52 Week Range
4.2410.57
(Low)(High)
Last 7 days
10.3%
Last 30 days
-9.7%
Last 90 days
31.2%
Trailing 12 Months
-36.1%
SOFI Financial Health
SOFI Investor Care
Financials for SoFi Tech
| Income Statement (Last 12 Months) | ||||||
|---|---|---|---|---|---|---|
| Description | (%) Q/Q | 2022Q4 | 2022Q3 | 2022Q2 | 2022Q1 | 2021Q4 |
| Revenue | 4.1% | 989,439,000 | 950,375,000 | 883,871,000 | 819,335,000 | 732,628,000 |
| S&GA Expenses | 7.7% | 617,823,000 | 573,826,000 | 526,682,000 | 477,779,000 | 426,875,000 |
| R&D Expenses | 13.1% | 405,257,000 | 358,292,000 | 322,024,000 | 292,047,000 | 276,087,000 |
| EBITDA | 43.5% | 284,728,000 | 198,397,000 | 141,329,000 | -8,131,000 | - |
| EBITDA Margin | 37.8% | 0.29 | 0.21 | 0.16 | -0.01 | - |
| Earnings Before Taxes | 18.1% | -318,721,000 | -389,226,000 | -344,641,000 | -414,317,000 | -481,177,000 |
| EBT Margin | 21.3% | -0.32 | -0.41 | -0.39 | -0.51 | - |
| Interest Expenses | 23.3% | 452,089,000 | 366,614,000 | 299,897,000 | 252,244,000 | - |
| Net Income | 18.1% | -320,407,000 | -391,413,000 | -347,251,000 | -416,730,000 | -483,937,000 |
| Net Income Margin | 21.4% | -0.32 | -0.41 | -0.39 | -0.51 | - |
| Free Cahsflow | -19.5% | -7,255,858,000 | -6,073,312,000 | -3,389,548,000 | -2,359,770,521 | - |
| Balance Sheet | (In Millions) | |||||
|---|---|---|---|---|---|---|
| Description | (%) Q/Q | 2022Q4 | 2022Q3 | 2022Q2 | 2022Q1 | 2021Q4 |
| Assets | 20.0% | 19,008 | 15,835 | 12,671 | 12,247 | 9,176 |
| Cash Equivalents | 97.4% | 1,846 | 935 | 707 | 1,325 | 495 |
| Goodwill | 0.0% | 1,623 | 1,623 | 1,625 | 1,616 | 899 |
| Liabilities | 30.4% | 13,479 | 10,334 | 7,164 | 6,716 | 4,479 |
| Long Term Debt | 22.7% | 4,569 | 3,724 | 4,916 | 3,948 | - |
| Shareholder's Equity | 0.5% | 5,208 | 5,181 | 5,186 | 5,210 | 4,377 |
| Retained Earnings | -2.7% | -1,503 | -1,463 | -1,389 | -1,293 | -1,183 |
| Additional Paid-In Capital | 1.0% | 6,720 | 6,654 | 6,583 | 6,510 | 5,562 |
| Shares Outstanding | 0.7% | 934 | 927 | 922 | 916 | 828 |
| Cashflow (Last 12 Months) | (In Millions) | |||||
|---|---|---|---|---|---|---|
| Description | (%) Q/Q | 2022Q4 | 2022Q3 | 2022Q2 | 2022Q1 | 2021Q4 |
| Cashflow From Operations | -19.5% | -7,255 | -6,073 | -3,389 | -2,701 | -1,350 |
| Share Based Compensation | -1.8% | 306 | 312 | 307 | 279 | 239 |
| Cashflow From Investing | -338.1% | -106 | -24.27 | -134 | -20.87 | 110 |
| Cashflow From Financing | 29.8% | 8,439 | 6,504 | 3,754 | 3,726 | 685 |
| Buy Backs | NaN% | 0.00 | 0.00 | 0.00 | 0.00 | 1.00 |
Risks for SOFI
What is the probability of a big loss on SOFI?
90.2%
Probability that SoFi Tech stock will be more than 20% underwater in next one year
86.9%
Probability that SoFi Tech stock will be more than 30% underwater in next one year.
81.2%
Probability that SoFi Tech stock will be more than 40% underwater in next one year.
*Calculated based on probability distribution of losses observed in actual data in the last 5 years.
How does SOFI drawdown profile look like?
Y-axis is the maximum loss one would have experienced if SoFi Tech was unfortunately bought at previous high price.
Drawdowns
Returns for SOFI
Cumulative Returns on SOFI
Which funds bought or sold SOFI recently?
View All Details| Datesorted ascending | Fund Name | Type | % Chg | $ Change | $ Held | % Portfolio |
|---|---|---|---|---|---|---|
2023-03-23 | MetLife Investment Management, LLC | added | 1.82 | -3,041 | 76,757 | -% |
2023-03-23 | Prostatis Group LLC | unchanged | - | -3,294 | 56,242 | 0.03% |
2023-03-17 | American Portfolios Advisors | reduced | -5.46 | -16,836 | 118,340 | -% |
2023-03-15 | B. Riley Wealth Advisors, Inc. | reduced | -0.09 | -39,964 | 661,036 | 0.02% |
2023-03-13 | Claro Advisors LLC | new | - | 65,444 | 65,444 | 0.02% |
2023-03-10 | VICTORY CAPITAL MANAGEMENT INC | reduced | -0.05 | -22,406 | 371,594 | -% |
2023-03-06 | Rockefeller Capital Management L.P. | reduced | -14.42 | -49,000 | 205,000 | -% |
2023-03-06 | Aldebaran Financial Inc. | added | 1.64 | -31,868 | 619,132 | 0.66% |
2023-03-02 | OLIVER LAGORE VANVALIN INVESTMENT GROUP | unchanged | - | 23.00 | 23.00 | -% |
2023-03-01 | Regal Investment Advisors LLC | reduced | -17.66 | -36,382 | 126,618 | 0.01% |
Latest Funds Activity
Calls
Puts
Net Call Options
No. of Funds
SoFi Tech News
Schedule 13G FIlings of SoFi Tech
| Date Filed | Name of Filer | Percent of Class | No. of Shares | Form Type | |
|---|---|---|---|---|---|
| Feb 09, 2023 | vanguard group inc | 7.36% | 68,270,315 | SC 13G/A | |
| Aug 17, 2022 | softbank group corp | 4.9% | 45,422,128 | SC 13D/A | |
| Apr 06, 2022 | softbank group corp | 10.5% | 95,281,895 | SC 13D/A |
SOFI Fair Value
SoFi Tech fair value in different scenarios
The table shows the Fair Value estimates for SoFi Tech for various scenarios. Disclaimer: These are just estimations from a model. None of the models are good at predicting the future. Please dont buy or sell stocks based on these outputs.
| Fair Value | Very Pessimistic | Pessimistic | Base Case | Optimistic | Very Optimistic |
|---|---|---|---|---|---|
| Very Low Inflation | 1.15 -79.43% | 1.34 -76.03% | 1.93 -65.47% | 2.76 -50.63% | 3.61 -35.42% |
| Current Inflation | 1.14 -79.61% | 1.31 -76.57% | 1.82 -67.44% | 2.53 -54.74% | 3.27 -41.50% |
| Very High Inflation | 1.12 -79.96% | 1.27 -77.28% | 1.69 -69.77% | 2.27 -59.39% | 2.86 -48.84% |
Historical SoFi Tech Fair Value Estimates
Very Pessimistic Case
Pessimistic Case
Fair Value
Optimistic Case
Very Optimistic Case
Closing Stock Price
Recent SEC filings of SoFi Tech
View All Filings| Date Filed | Form Type | Document | |
|---|---|---|---|
| Mar 22, 2023 | 4 | Insider Trading | |
| Mar 22, 2023 | 4 | Insider Trading | |
| Mar 22, 2023 | 4 | Insider Trading | |
| Mar 22, 2023 | 4 | Insider Trading | |
| Mar 22, 2023 | 4 | Insider Trading | |
| Mar 22, 2023 | 4 | Insider Trading | |
| Mar 22, 2023 | 4 | Insider Trading | |
| Mar 17, 2023 | S-8 | Employee Benefits Plan | |
| Mar 16, 2023 | 4 | Insider Trading | |
| Mar 16, 2023 | 4 | Insider Trading |
Latest Insider Trading transactions for SOFI
Filter Transactions| Datesorted ascending | Name | Buy/Sell | $ Value | Avg. Price | # Shares | Title |
|---|---|---|---|---|---|---|
2023-03-16 | Noto Anthony | bought | 242,712 | 5.3936 | 45,000 | chief executive officer |
2023-03-15 | White Derek J | sold (taxes) | -171,922 | 5.353 | -32,117 | ceo - galileo |
2023-03-15 | Rishel Jeremy | sold (taxes) | -504,729 | 5.353 | -94,289 | chief technology officer |
2023-03-15 | Webster Aaron | sold (taxes) | -395,051 | 5.353 | -73,800 | chief risk officer |
2023-03-15 | Stafford Webb Lauren | sold (taxes) | -142,347 | 5.353 | -26,592 | chief marketing officer |
2023-03-15 | Lavet Robert S | sold (taxes) | -116,053 | 5.353 | -21,680 | general counsel |
2023-03-15 | Borton Chad M | sold (taxes) | -53,358 | 5.353 | -9,968 | president - sofi bank |
2023-03-14 | Lapointe Christopher | acquired | - | - | 114,655 | cfo and pao |
2023-03-14 | Borton Chad M | acquired | - | - | 39,911 | president - sofi bank |
2023-03-14 | Rishel Jeremy | acquired | - | - | 233,927 | chief technology officer |
SoFi Technologies, Inc. provides digital financial services. It operates through three segments: Lending, Technology Platform, and Financial Services. The company's lending and financial services and products allows its members to borrow, save, spend, invest, and protect their money. It offers student loans; personal loans for debt consolidation and home improvement projects; and home loans. The company also provides cash management, investment, and technology services. In addition, it operates Galileo, a technology platform that offers services to financial and non-financial institutions; and Apex, a technology enabled platform that provides investment custody and clearing brokerage services, as well as Technisys, a cloud-based digital multi-product core banking platform. The company was founded in 2011 and is headquartered in San Francisco, California.
SOFI Income Statement
2022-12-31Consolidated Statements of Operations and Comprehensive Loss - USD ($) $ in Thousands | 12 Months Ended | ||
|---|---|---|---|
Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | |
| Interest income | |||
| Loans | $ 749,071 | $ 337,862 | $ 330,353 |
| Securitizations | 10,433 | 14,109 | 24,031 |
| Other | 13,867 | 3,049 | 9,153 |
| Total interest income | 773,371 | 355,020 | 363,537 |
| Interest expense | |||
| Securitizations and warehouses | 110,127 | 90,485 | 155,150 |
| Deposits | 59,793 | 0 | 0 |
| Corporate borrowings | 18,438 | 10,345 | 27,974 |
| Other | 917 | 1,946 | 2,482 |
| Total interest expense | 189,275 | 102,776 | 185,606 |
| Net interest income (expense) | 584,096 | 252,244 | 177,931 |
| Noninterest income | |||
| Loan origination and sales | 605,403 | 497,626 | 371,323 |
| Securitizations | (40,031) | (14,862) | (70,251) |
| Servicing | 43,547 | (2,281) | (19,426) |
| Technology products and solutions | 304,901 | 191,847 | 90,128 |
| Other | 75,619 | 60,298 | 15,827 |
| Total noninterest income (loss) | 989,439 | 732,628 | 387,601 |
| Total net revenue | 1,573,535 | 984,872 | 565,532 |
| Noninterest expense | |||
| Technology and product development | 405,257 | 276,087 | 201,199 |
| Sales and marketing | 617,823 | 426,875 | 276,577 |
| Cost of operations | 313,226 | 256,980 | 178,896 |
| General and administrative | 501,618 | 498,534 | 237,381 |
| Provision for credit losses | 54,332 | 7,573 | 0 |
| Total noninterest expense | 1,892,256 | 1,466,049 | 894,053 |
| Loss before income taxes | (318,721) | (481,177) | (328,521) |
| Income tax (expense) benefit | (1,686) | (2,760) | 104,468 |
| Net loss | (320,407) | (483,937) | (224,053) |
| Other comprehensive loss | |||
| Unrealized losses on available-for-sale securities, net | (7,260) | (1,351) | 0 |
| Foreign currency translation adjustments, net | 435 | 46 | (145) |
| Total other comprehensive loss | (6,825) | (1,305) | (145) |
| Comprehensive loss | $ (327,232) | $ (485,242) | $ (224,198) |
| Loss per share (Note 19) | |||
| Loss per share - basic (in dollars per share) | $ (0.40) | $ (1.00) | $ (4.30) |
| Loss per share - diluted (in dollars per share) | $ (0.40) | $ (1.00) | $ (4.30) |
| Weighted average common stock outstanding - basic (in shares) | 900,886,113 | 526,730,261 | 73,851,108 |
| Weighted average common stock outstanding - diluted (in shares) | 900,886,113 | 526,730,261 | 73,851,108 |
SOFI Balance Sheet
2022-12-31Consolidated Balance Sheets - USD ($) $ in Thousands | Dec. 31, 2022 | Dec. 31, 2021 | ||||
|---|---|---|---|---|---|---|
| Assets | ||||||
| Cash and cash equivalents | $ 1,421,907 | $ 494,711 | ||||
| Restricted cash and restricted cash equivalents | 424,395 | 273,726 | ||||
| Investment securities (includes available-for-sale securities of $195,438 and $194,907 at fair value with associated amortized cost of $203,418 and $195,796 as of December 31, 2022 and 2021, respectively) | 396,769 | 569,595 | ||||
| Loans held for sale, at fair value | 13,557,074 | 5,952,972 | ||||
| Loans held for investment (less allowance for credit losses on loans at amortized cost of $40,788 and $7,037 as of December 31, 2022 and 2021, respectively) | 307,957 | 115,912 | ||||
| Servicing rights | 149,854 | 168,259 | ||||
| Equity method investments | 0 | 19,739 | ||||
| Property, equipment and software | 170,104 | 111,873 | ||||
| Goodwill | 1,622,991 | 898,527 | ||||
| Intangible assets | 442,155 | 284,579 | ||||
| Operating lease right-of-use assets | 97,135 | 115,191 | ||||
| Other assets (less allowance for credit losses of $2,785 and $2,292 as of December 31, 2022 and 2021, respectively) | 417,334 | 171,242 | ||||
| Total assets | 19,007,675 | 9,176,326 | ||||
| Deposits: | ||||||
| Noninterest-bearing deposits | 76,504 | 0 | ||||
| Interest-bearing deposits | 7,265,792 | 0 | ||||
| Total deposits | 7,342,296 | 0 | ||||
| Accounts payable, accruals and other liabilities | 516,215 | 298,164 | ||||
| Operating lease liabilities | 117,758 | 138,794 | ||||
| Debt | 5,485,882 | 3,947,983 | ||||
| Residual interests classified as debt | 17,048 | 93,682 | ||||
| Total liabilities | 13,479,199 | 4,478,623 | ||||
| Commitments, guarantees, concentrations and contingencies (Note 18) | ||||||
| Temporary equity: | ||||||
| Redeemable preferred stock, $0.00 par value: 100,000,000 and 100,000,000 shares authorized; 3,234,000 and 3,234,000 shares issued and outstanding as of December 31, 2022 and 2021, respectively | [1] | 320,374 | 320,374 | |||
| Permanent equity: | ||||||
| Common stock, $0.00 par value: 3,100,000,000 and 3,100,000,000 shares authorized; 933,896,120 and 828,154,462 shares issued and outstanding as of December 31, 2022 and 2021, respectively(2) | [2] | 93 | 83 | |||
| Additional paid-in capital | 6,719,826 | 5,561,831 | ||||
| Accumulated other comprehensive loss | (8,296) | (1,471) | ||||
| Accumulated deficit | (1,503,521) | (1,183,114) | ||||
| Total permanent equity | 5,208,102 | 4,377,329 | ||||
| Total liabilities, temporary equity and permanent equity | 19,007,675 | 9,176,326 | ||||
| Restricted cash and restricted cash equivalents | 424,395 | 273,726 | ||||
| Loans held for sale, at fair value | 13,557,074 | 5,952,972 | ||||
| Total assets | 19,007,675 | 9,176,326 | ||||
| Accounts payable, accruals and other liabilities | 516,215 | 298,164 | ||||
| Debt | 5,485,882 | 3,947,983 | ||||
| Residual interests classified as debt | 17,048 | 93,682 | ||||
| Total liabilities | 13,479,199 | 4,478,623 | ||||
| Variable Interest Entity, Primary Beneficiary | ||||||
| Assets | ||||||
| Restricted cash and restricted cash equivalents | 68,151 | 53,161 | ||||
| Loans held for sale, at fair value | 931,701 | 808,904 | ||||
| Total assets | 999,852 | 862,065 | ||||
| Deposits: | ||||||
| Accounts payable, accruals and other liabilities | 3,053 | 388 | ||||
| Debt | 771,454 | 660,419 | ||||
| Residual interests classified as debt | 17,048 | 93,682 | ||||
| Total liabilities | 791,555 | 754,489 | ||||
| Restricted cash and restricted cash equivalents | 68,151 | 53,161 | ||||
| Loans held for sale, at fair value | 931,701 | 808,904 | ||||
| Total assets | 999,852 | 862,065 | ||||
| Accounts payable, accruals and other liabilities | 3,053 | 388 | ||||
| Debt | 771,454 | 660,419 | ||||
| Residual interests classified as debt | 17,048 | 93,682 | ||||
| Total liabilities | $ 791,555 | $ 754,489 | ||||
| ||||||