Last 7 days
10.3%
Last 30 days
-9.7%
Last 90 days
31.2%
Trailing 12 Months
-36.1%
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 |
90.2%
86.9%
81.2%
Y-axis is the maximum loss one would have experienced if SoFi Tech was unfortunately bought at previous high price.
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% |
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 |
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% |
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 |
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 |
Consolidated 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 |
Consolidated 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 | ||||
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