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SoFi Technologies, Inc. Stock Research

SOFI

5.59USD-0.17(-2.95%)Market Closed

Market Summary

USD5.59-0.17
Market Closed
-2.95%

SOFI Alerts

SOFI Stock Price

SOFI RSI Chart

SOFI Valuation

Market Cap

5.2B

Price/Earnings (Trailing)

-16.21

Price/Sales (Trailing)

5.25

EV/EBITDA

27.8

Price/Free Cashflow

-0.72

SOFI Price/Sales (Trailing)

SOFI Profitability

Operating Margin

70.93%

EBT Margin

-32.21%

Return on Equity

-6.15%

Return on Assets

-1.69%

Free Cashflow Yield

-139.74%

SOFI Fundamentals

SOFI Revenue

Revenue (TTM)

989.4M

Revenue Y/Y

18.69%

Revenue Q/Q

-6.78%

SOFI Earnings

Earnings (TTM)

-320.4M

Earnings Y/Y

63.96%

Earnings Q/Q

46.09%

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

Debt/Equity

0.88

Debt/Cashflow

-1.59

SOFI Investor Care

Shares Dilution (1Y)

12.77%

Diluted EPS (TTM)

-0.4

Financials for SoFi Tech

Income Statement (Last 12 Months)
Description(%) Q/Q2022Q42022Q32022Q22022Q12021Q4
Revenue4.1%989,439,000950,375,000883,871,000819,335,000732,628,000
  S&GA Expenses7.7%617,823,000573,826,000526,682,000477,779,000426,875,000
  R&D Expenses13.1%405,257,000358,292,000322,024,000292,047,000276,087,000
EBITDA43.5%284,728,000198,397,000141,329,000-8,131,000-
EBITDA Margin37.8%0.290.210.16-0.01-
Earnings Before Taxes18.1%-318,721,000-389,226,000-344,641,000-414,317,000-481,177,000
EBT Margin21.3%-0.32-0.41-0.39-0.51-
Interest Expenses23.3%452,089,000366,614,000299,897,000252,244,000-
Net Income18.1%-320,407,000-391,413,000-347,251,000-416,730,000-483,937,000
Net Income Margin21.4%-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)
* denotes actual numbers (not divided by Millions)
Description(%) Q/Q2022Q42022Q32022Q22022Q12021Q4
Assets20.0%19,00815,83512,67112,2479,176
    Cash Equivalents97.4%1,8469357071,325495
  Goodwill0.0%1,6231,6231,6251,616899
Liabilities30.4%13,47910,3347,1646,7164,479
  Long Term Debt22.7%4,5693,7244,9163,948-
Shareholder's Equity0.5%5,2085,1815,1865,2104,377
  Retained Earnings-2.7%-1,503-1,463-1,389-1,293-1,183
  Additional Paid-In Capital1.0%6,7206,6546,5836,5105,562
Shares Outstanding0.7%934927922916828
Cashflow (Last 12 Months)
(In Millions)
* denotes actual numbers (not divided by Millions)
Description(%) Q/Q2022Q42022Q32022Q22022Q12021Q4
Cashflow From Operations-19.5%-7,255-6,073-3,389-2,701-1,350
  Share Based Compensation-1.8%306312307279239
Cashflow From Investing-338.1%-106-24.27-134-20.87110
Cashflow From Financing29.8%8,4396,5043,7543,726685
  Buy BacksNaN%0.000.000.000.001.00

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 ascendingFund NameType% 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%

1–10 of 45

Latest Funds Activity

Are funds buying SOFI calls or puts?
Calls
Puts
Are funds bullish or bearish(Calls - Puts)?
Net Call Options
No. of funds that own SOFI
No. of Funds

SoFi Tech News

Nasdaq

2 Top Growth Stocks to Buy Before the Next Bull Rally.

Nasdaq,
8 days ago

The Motley Fool

Will SoFi Hit $10 in 2023?.

The Motley Fool,
3 months ago

The Motley Fool

Better Buy In 2023: SoFi or Nu Holdings?.

The Motley Fool,
4 months ago

Seeking Alpha

Seeking Alpha

Seeking Alpha

Where Will SoFi Stock Be In 5 Years?.

Seeking Alpha,
7 months ago

Seeking Alpha

Seeking Alpha

The Financial Brand

Rising Candle

Seeking Alpha

Schedule 13G FIlings of SoFi Tech

Date FiledName of FilerPercent of ClassNo. of SharesForm 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 ValueVery PessimisticPessimisticBase CaseOptimisticVery 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 ascendingNameBuy/Sell$ ValueAvg. Price# SharesTitle
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

1–10 of 50

Anthony J. Noto
2500
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

2022-12-31
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
Securitizations10,43314,10924,031
Other13,8673,0499,153
Total interest income773,371355,020363,537
Interest expense   
Securitizations and warehouses110,12790,485155,150
Deposits59,79300
Corporate borrowings18,43810,34527,974
Other9171,9462,482
Total interest expense189,275102,776185,606
Net interest income (expense)584,096252,244177,931
Noninterest income   
Loan origination and sales605,403497,626371,323
Securitizations(40,031)(14,862)(70,251)
Servicing43,547(2,281)(19,426)
Technology products and solutions304,901191,84790,128
Other75,61960,29815,827
Total noninterest income (loss)989,439732,628387,601
Total net revenue1,573,535984,872565,532
Noninterest expense   
Technology and product development405,257276,087201,199
Sales and marketing617,823426,875276,577
Cost of operations313,226256,980178,896
General and administrative501,618498,534237,381
Provision for credit losses54,3327,5730
Total noninterest expense1,892,2561,466,049894,053
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, net43546(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)900,886,113526,730,26173,851,108
Weighted average common stock outstanding - diluted (in shares)900,886,113526,730,26173,851,108

SOFI Balance Sheet

2022-12-31
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 equivalents424,395273,726
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)396,769569,595
Loans held for sale, at fair value13,557,0745,952,972
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)307,957115,912
Servicing rights149,854168,259
Equity method investments019,739
Property, equipment and software170,104111,873
Goodwill1,622,991898,527
Intangible assets442,155284,579
Operating lease right-of-use assets97,135115,191
Other assets (less allowance for credit losses of $2,785 and $2,292 as of December 31, 2022 and 2021, respectively)417,334171,242
Total assets19,007,6759,176,326
Deposits:  
Noninterest-bearing deposits76,5040
Interest-bearing deposits7,265,7920
Total deposits7,342,2960
Accounts payable, accruals and other liabilities516,215298,164
Operating lease liabilities117,758138,794
Debt5,485,8823,947,983
Residual interests classified as debt17,04893,682
Total liabilities13,479,1994,478,623
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]320,374320,374
Permanent equity:  
Common stock, $0.00 par value: 3,100,000,000 and 3,100,000,000 shares authorized; 933,896,120 and 828,154,462 shares issued and outstanding as of December 31, 2022 and 2021, respectively(2)[2]9383
Additional paid-in capital6,719,8265,561,831
Accumulated other comprehensive loss(8,296)(1,471)
Accumulated deficit(1,503,521)(1,183,114)
Total permanent equity5,208,1024,377,329
Total liabilities, temporary equity and permanent equity19,007,6759,176,326
Restricted cash and restricted cash equivalents424,395273,726
Loans held for sale, at fair value13,557,0745,952,972
Total assets19,007,6759,176,326
Accounts payable, accruals and other liabilities516,215298,164
Debt5,485,8823,947,983
Residual interests classified as debt17,04893,682
Total liabilities13,479,1994,478,623
Variable Interest Entity, Primary Beneficiary  
Assets  
Restricted cash and restricted cash equivalents68,15153,161
Loans held for sale, at fair value931,701808,904
Total assets999,852862,065
Deposits:  
Accounts payable, accruals and other liabilities3,053388
Debt771,454660,419
Residual interests classified as debt17,04893,682
Total liabilities791,555754,489
Restricted cash and restricted cash equivalents68,15153,161
Loans held for sale, at fair value931,701808,904
Total assets999,852862,065
Accounts payable, accruals and other liabilities3,053388
Debt771,454660,419
Residual interests classified as debt17,04893,682
Total liabilities$ 791,555$ 754,489
[1]Redemption amount is $323,400 as of December 31, 2022 and 2021.
[2]Includes 100,000,000 non-voting common shares authorized and no non-voting common shares issued and outstanding as of December 31, 2022 and 2021. See Note 13 for additional information.