Market Summary
USD8.61-0.01
Delayedas of 20 Sep 2023, 10:56 am-0.12%
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
4.2411.70
(Low)(High)
Last 7 days
-4.2%
Last 30 days
4.9%
Last 90 days
-0.1%
Trailing 12 Months
41.8%
SOFI Financial Health
SOFI Investor Care
Historical Charts for Stock Metrics
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Net sales
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Latest Insider Trading transactions for SOFI
Filter Transactions| Datesorted ascending | Name | Buy/Sell | $ Value | Avg. Price | # Shares | Title |
|---|---|---|---|---|---|---|
2023-09-15 | Stafford Webb Lauren | sold (taxes) | -322,986 | 9.028 | -35,776 | chief marketing officer |
2023-09-15 | Webster Aaron | sold (taxes) | -786,745 | 9.028 | -87,145 | chief risk officer |
2023-09-15 | Rishel Jeremy | sold (taxes) | -1,020,610 | 9.028 | -113,049 | chief technology officer |
2023-09-15 | White Derek J | sold (taxes) | -442,796 | 9.028 | -49,047 | ceo - galileo |
2023-09-15 | Lavet Robert S | sold (taxes) | -546,898 | 9.028 | -60,578 | general counsel |
2023-09-15 | Borton Chad M | sold (taxes) | -279,615 | 9.028 | -30,972 | president - sofi bank |
2023-09-14 | Rishel Jeremy | acquired | - | - | 233,928 | chief technology officer |
2023-09-14 | Borton Chad M | acquired | - | - | 80,751 | president - sofi bank |
2023-09-14 | White Derek J | acquired | - | - | 114,362 | ceo - galileo |
2023-09-14 | Stafford Webb Lauren | acquired | - | - | 93,271 | chief marketing officer |
Which funds bought or sold SOFI recently?
View All Details| Datesorted ascending | Fund Name | Type | % Chg | $ Change | $ Held | % Portfolio |
|---|---|---|---|---|---|---|
2023-09-12 | Farther Finance Advisors, LLC | added | 33.00 | 502 | 1,109 | -% |
2023-09-12 | Prosperity Wealth Management, Inc. | new | - | 170,970 | 170,970 | 0.11% |
2023-09-08 | TUCKER ASSET MANAGEMENT LLC | new | - | 834 | 834 | -% |
2023-09-05 | Delos Wealth Advisors, LLC | unchanged | - | 284 | 1,043 | -% |
2023-08-30 | CHAPIN DAVIS, INC. | reduced | -26.79 | 1,126 | 193,697 | 0.09% |
2023-08-29 | Garde Capital, Inc. | sold off | -100 | -149,000 | - | -% |
2023-08-23 | WOLVERINE TRADING, LLC | reduced | -5.84 | 458,324 | 1,516,320 | -% |
2023-08-22 | Asset Dedication, LLC | unchanged | - | 1,000 | 3,000 | -% |
2023-08-22 | VIRGINIA RETIREMENT SYSTEMS ET AL | new | - | 305,244 | 305,244 | -% |
2023-08-21 | OSAIC HOLDINGS, INC. | reduced | -11.19 | 971,150 | 5,242,670 | 0.01% |
Latest Funds Activity
Calls
Puts
Net Call Options
No. of Funds
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 |
Recent SEC filings of SoFi Tech
View All Filings| Date Filed | Form Type | Document | |
|---|---|---|---|
| Sep 18, 2023 | 4 | Insider Trading | |
| Sep 18, 2023 | 4 | Insider Trading | |
| Sep 18, 2023 | 4 | Insider Trading | |
| Sep 18, 2023 | 4 | Insider Trading | |
| Sep 18, 2023 | 4 | Insider Trading | |
| Sep 18, 2023 | 4 | Insider Trading | |
| Sep 18, 2023 | 4 | Insider Trading | |
| Sep 18, 2023 | 4 | Insider Trading | |
| Sep 15, 2023 | 144 | Notice of Insider Sale Intent | |
| Sep 15, 2023 | 144 | Notice of Insider Sale Intent |
SoFi Tech News
Returns for SOFI
Cumulative Returns on SOFI
Risks for SOFI
What is the probability of a big loss on SOFI?
91.8%
Probability that SoFi Tech stock will be more than 20% underwater in next one year
89.1%
Probability that SoFi Tech stock will be more than 30% underwater in next one year.
79.6%
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
Financials for SoFi Tech
Income Statement (Last 12 Months)
| Income Statement (Last 12 Months) | |||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Description | (%) Q/Q | 2023Q2 | 2023Q1 | 2022Q4 | 2022Q3 | 2022Q2 | 2022Q1 | 2021Q4 | 2021Q3 | 2021Q2 | 2021Q1 | 2020Q4 | 2020Q3 | 2020Q2 | 2019Q4 |
| Revenue | 39.1% | 1,139,722,000 | 819,238,000 | 773,371,000 | 365,482,000 | 298,978,000 | 324,728,000 | 355,020,000 | 632,201,000 | 584,145,000 | 481,088,000 | 363,537,000 | 447,560,000 | 288,820,000 | 112,825,000 |
| S&GA Expenses | 6.0% | 693,807,000 | 654,839,000 | 617,823,000 | 573,826,000 | 526,682,000 | 477,779,000 | 426,875,000 | 369,352,000 | 331,825,000 | 301,141,000 | 276,577,000 | 283,450,000 | 257,068,000 | 266,198,000 |
| R&D Expenses | 6.2% | 467,887,000 | 440,408,000 | 405,257,000 | 358,292,000 | 322,024,000 | 292,047,000 | 276,087,000 | 267,538,000 | 248,532,000 | 226,976,000 | 201,199,000 | 206,522,000 | 191,332,000 | 147,458,000 |
| EBITDA | -100.0% | - | 645,981,000 | 416,735,000 | 198,397,000 | 141,329,000 | -8,131,000 | -127,365,000 | -144,271,000 | -179,653,000 | 13,330,000 | 13,330,000 | 13,330,000 | -157,512,000 | - |
| EBITDA Margin | -100.0% | - | 0.71 | 0.54 | 0.21 | 0.16 | -0.01 | -0.17 | -0.21 | -0.29 | 0.03 | 0.03 | 0.03 | -0.55 | - |
| Interest Expenses | 23.2% | 893,570,000 | 725,173,000 | 584,096,000 | 452,089,000 | 366,614,000 | 299,897,000 | 252,244,000 | 214,490,000 | 191,327,000 | 178,062,000 | 177,931,000 | 183,918,000 | 170,988,000 | 329,834,000 |
| Earnings Before Taxes | 18.9% | -198,788,000 | -245,175,000 | -318,721,000 | -389,226,000 | -344,641,000 | -414,317,000 | -481,177,000 | -459,288,000 | -472,108,000 | -398,676,000 | -328,521,000 | -269,292,000 | -367,840,000 | -239,599,000 |
| EBT Margin | 100.0% | - | -0.27 | -0.41 | -0.41 | -0.39 | -0.51 | -0.66 | -0.68 | -0.77 | -0.60 | -0.60 | -0.60 | -1.27 | - |
| Net Income | 19.8% | -196,186,000 | -244,472,000 | -320,407,000 | -391,413,000 | -347,251,000 | -416,730,000 | -483,937,000 | -385,818,393 | -398,649,393 | -225,527,393 | -63,951,190 | -70,140,000 | 15,606,000 | -239,697,000 |
| Net Income Margin | 100.0% | - | -0.27 | -0.41 | -0.41 | -0.39 | -0.51 | -0.66 | -0.40 | -0.46 | -0.24 | -0.14 | 0.03 | 0.05 | - |
| Free Cashflow | 100.0% | - | -8,457,394,000 | -7,255,858,000 | -6,073,312,000 | -3,389,548,000 | -2,359,770,521 | -1,350,217,000 | -115,182,424 | 81,321,776 | -3,942,270 | -2,572,448 | -20,000 | 789,850,000 | - |
Balance Sheet(In Millions)
| Balance Sheet | (In Millions) | ||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Description | (%) Q/Q | 2023Q2 | 2023Q1 | 2022Q4 | 2022Q3 | 2022Q2 | 2022Q1 | 2021Q4 | 2021Q3 | 2021Q2 | 2021Q1 | 2020Q4 | 2020Q3 |
| Assets | 13.8% | 25,561 | 22,453 | 19,008 | 15,835 | 12,671 | 12,247 | 9,176 | 8,083 | 7,653 | 806 | 8,563 | - |
| Cash Equivalents | 21.2% | 3,016 | 2,488 | 1,422 | 935 | 707 | 1,325 | 768 | 534 | 462 | 351 | 873 | 493 |
| Goodwill | 1.1% | 1,641 | 1,623 | 1,623 | 713 | 1,625 | 1,616 | 899 | 899 | 899 | - | 899 | - |
| Liabilities | 18.3% | 19,983 | 16,899 | 13,479 | 10,334 | 7,164 | 6,716 | 4,479 | 3,514 | 3,125 | 4,318 | 5,510 | - |
| Shareholder's Equity | 0.5% | 5,258 | 5,234 | 5,208 | 5,181 | 5,186 | 5,210 | 4,377 | 4,249 | 4,207 | 5.00 | 5.00 | 5.00 |
| Retained Earnings | -3.1% | -1,585 | -1,537 | -1,503 | -1,463 | -1,389 | -1,293 | -1,183 | -1,072 | -1,042 | -116 | -699 | 0.00 |
| Additional Paid-In Capital | 1.0% | 6,848 | 6,778 | 6,720 | 6,654 | 6,583 | 6,510 | 5,562 | 5,321 | 5,250 | 121 | 579 | 5.00 |
| Shares Outstanding | 0.9% | 949 | 940 | 934 | 927 | 910 | 853 | 828 | 801 | 365 | 116 | 115 | 75.00 |
Cashflow (Last 12 Months)(In Millions)
| Cashflow (Last 12 Months) | (In Millions) | ||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Description | (%) Q/Q | 2023Q2 | 2023Q1 | 2022Q4 | 2022Q3 | 2022Q2 | 2022Q1 | 2021Q4 | 2021Q3 | 2021Q2 | 2021Q1 | 2020Q4 | 2020Q3 | 2020Q2 | 2019Q4 |
| Cashflow From Operations | -13.4% | -9,591 | -8,457 | -7,255 | -6,073 | -3,389 | -2,701 | -1,350 | -115 | 81.00 | 452 | -2.57 | -0.02 | 790 | -54.73 |
| Share Based Compensation | -1.5% | 289 | 293 | 306 | 312 | 307 | 279 | 239 | 192 | 146 | 125 | 100 | 106 | 86.00 | 61.00 |
| Cashflow From Investing | -108.4% | -409 | -196 | -106 | -24.27 | -134 | -20.87 | 110 | 80.00 | -565 | -832 | -1,610 | -3,220 | 195 | 115 |
| Cashflow From Financing | 25.9% | 12,502 | 9,929 | 8,439 | 6,504 | 3,754 | 3,726 | 685 | -434 | -70.03 | -452 | 1,613 | 3,227 | -572 | 93.00 |
| Buy Backs | - | - | - | - | - | - | - | 1.00 | 1.00 | 1.00 | 1.00 | 0.00 | 0.00 | 0.00 | 9.00 |
SOFI Income Statement
2023-06-30Condensed Consolidated Statements of Operations and Comprehensive Loss - USD ($) $ in Thousands | 3 Months Ended | 6 Months Ended | ||
|---|---|---|---|---|
Jun. 30, 2023 | Jun. 30, 2022 | Jun. 30, 2023 | Jun. 30, 2022 | |
| Interest income | ||||
| Loans | $ 442,187 | $ 145,337 | $ 799,529 | $ 259,722 |
| Securitizations | 2,659 | 2,567 | 5,713 | 5,325 |
| Other | 25,150 | 1,608 | 36,318 | 2,877 |
| Total interest income | 469,996 | 149,512 | 841,560 | 267,924 |
| Interest expense | ||||
| Securitizations and warehouses | 63,060 | 18,599 | 117,384 | 38,505 |
| Deposits | 106,529 | 4,543 | 179,645 | 4,974 |
| Corporate borrowings | 9,167 | 3,450 | 17,167 | 6,099 |
| Other | 114 | 191 | 228 | 684 |
| Total interest expense | 178,870 | 26,783 | 314,424 | 50,262 |
| Net interest income | 291,126 | 122,729 | 527,136 | 217,662 |
| Noninterest income | ||||
| Loan origination and sales | 103,064 | 144,414 | 229,575 | 302,118 |
| Securitizations | (12,900) | (11,737) | (16,077) | (23,018) |
| Servicing | 9,052 | 10,471 | 21,794 | 22,707 |
| Technology products and solutions | 82,289 | 81,670 | 155,090 | 141,527 |
| Other | 25,387 | 14,980 | 52,658 | 31,875 |
| Total noninterest income | 206,892 | 239,798 | 443,040 | 475,209 |
| Total net revenue (loss) | 498,018 | 362,527 | 970,176 | 692,871 |
| Noninterest expense | ||||
| Technology and product development | 126,845 | 99,366 | 243,904 | 181,274 |
| Sales and marketing | 182,822 | 143,854 | 357,976 | 281,992 |
| Cost of operations | 93,885 | 79,091 | 177,793 | 149,528 |
| General and administrative | 131,180 | 125,829 | 254,869 | 262,334 |
| Provision for credit losses | 12,615 | 10,103 | 21,022 | 23,064 |
| Total noninterest expense | 547,347 | 458,243 | 1,055,564 | 898,192 |
| Loss before income taxes | (49,329) | (95,716) | (85,388) | (205,321) |
| Income tax benefit (expense) | 1,780 | (119) | 3,417 | (871) |
| Net loss | (47,549) | (95,835) | (81,971) | (206,192) |
| Other comprehensive income (loss) | ||||
| Unrealized gains (losses) on available-for-sale securities, net | 830 | (1,991) | 3,078 | (6,446) |
| Foreign currency translation adjustments, net | 392 | (56) | 99 | (94) |
| Total other comprehensive income (loss) | 1,222 | (2,047) | 3,177 | (6,540) |
| Comprehensive loss | $ (46,327) | $ (97,882) | $ (78,794) | $ (212,732) |
| #REF! | ||||
| Loss per share - basic (in dollars per share) | $ (0.06) | $ (0.12) | $ (0.11) | $ (0.26) |
| Loss per share - diluted (in dollars per share) | $ (0.06) | $ (0.12) | $ (0.11) | $ (0.26) |
| Weighted average common stock outstanding - basic (in shares) | 936,569,420 | 910,046,750 | 932,926,222 | 881,608,165 |
| Weighted average common stock outstanding - diluted (in shares) | 936,569,420 | 910,046,750 | 932,926,222 | 881,608,165 |
SOFI Balance Sheet
2023-06-30Condensed Consolidated Balance Sheets - USD ($) $ in Thousands | Jun. 30, 2023 | Dec. 31, 2022 | ||||
|---|---|---|---|---|---|---|
| Assets | ||||||
| Cash and cash equivalents | $ 3,015,652 | $ 1,421,907 | ||||
| Restricted cash and restricted cash equivalents | 485,476 | 424,395 | ||||
| Investment securities (includes available-for-sale securities of $382,782 and $195,438 at fair value with associated amortized cost of $387,815 and $203,418, as of June 30, 2023 and December 31, 2022, respectively) | 548,232 | 396,769 | ||||
| Loans held for sale, at fair value | 18,213,667 | 13,557,074 | ||||
| Loans held for investment (less allowance for credit losses on loans at amortized cost of $41,227 and $40,788, as of June 30, 2023 and December 31, 2022, respectively) | 347,551 | 307,957 | ||||
| Servicing rights | 145,663 | 149,854 | ||||
| Property, equipment and software | 191,352 | 170,104 | ||||
| Goodwill | 1,640,679 | 1,622,991 | ||||
| Intangible assets | 412,099 | 442,155 | ||||
| Operating lease right-of-use assets | 94,523 | 97,135 | ||||
| Other assets (less allowance for credit losses of $1,937 and $2,785, as of June 30, 2023 and December 31, 2022, respectively) | 466,555 | 417,334 | ||||
| Total assets | 25,561,449 | 19,007,675 | ||||
| Deposits: | ||||||
| Interest-bearing deposits | 12,672,392 | 7,265,792 | ||||
| Noninterest-bearing deposits | 67,681 | 76,504 | ||||
| Total deposits | 12,740,073 | 7,342,296 | ||||
| Accounts payable, accruals and other liabilities | 632,459 | 516,215 | ||||
| Operating lease liabilities | 115,224 | 117,758 | ||||
| Debt | 6,484,326 | 5,485,882 | ||||
| Residual interests classified as debt | 11,332 | 17,048 | ||||
| Total liabilities | 19,983,414 | 13,479,199 | ||||
| Commitments, guarantees, concentrations and contingencies (Note 15) | ||||||
| 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 June 30, 2023 and December 31, 2022, respectively | [1] | 320,374 | 320,374 | |||
| Permanent equity: | ||||||
| Common stock | [2] | 94 | 93 | |||
| Additional paid-in capital | 6,848,178 | 6,719,826 | ||||
| Accumulated other comprehensive loss | (5,119) | (8,296) | ||||
| Accumulated deficit | (1,585,492) | (1,503,521) | ||||
| Total permanent equity | 5,257,661 | 5,208,102 | ||||
| Total liabilities, temporary equity and permanent equity | 25,561,449 | 19,007,675 | ||||
| Restricted cash and restricted cash equivalents | 485,476 | 424,395 | ||||
| Loans held for sale, at fair value | 18,213,667 | 13,557,074 | ||||
| Total assets | 25,561,449 | 19,007,675 | ||||
| Accounts payable, accruals and other liabilities | 632,459 | 516,215 | ||||
| Debt | 6,484,326 | 5,485,882 | ||||
| Residual interests classified as debt | 11,332 | 17,048 | ||||
| Total liabilities | 19,983,414 | 13,479,199 | ||||
| Variable Interest Entity, Primary Beneficiary | ||||||
| Assets | ||||||
| Restricted cash and restricted cash equivalents | 75,932 | 68,151 | ||||
| Loans held for sale, at fair value | 1,065,741 | 931,701 | ||||
| Total assets | 1,141,673 | 999,852 | ||||
| Deposits: | ||||||
| Accounts payable, accruals and other liabilities | 1,111 | 3,053 | ||||
| Debt | 803,285 | 771,454 | ||||
| Residual interests classified as debt | 11,332 | 17,048 | ||||
| Total liabilities | 815,728 | 791,555 | ||||
| Restricted cash and restricted cash equivalents | 75,932 | 68,151 | ||||
| Loans held for sale, at fair value | 1,065,741 | 931,701 | ||||
| Total assets | 1,141,673 | 999,852 | ||||
| Accounts payable, accruals and other liabilities | 1,111 | 3,053 | ||||
| Debt | 803,285 | 771,454 | ||||
| Residual interests classified as debt | 11,332 | 17,048 | ||||
| Total liabilities | $ 815,728 | $ 791,555 | ||||
| ||||||
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.