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SoFi Technologies, Inc. Stock Research

SOFI

8.61USD-0.01(-0.12%)Delayedas of 20 Sep 2023, 10:56 am
Watchlist

Market Summary

USD8.61-0.01
Delayedas of 20 Sep 2023, 10:56 am
-0.12%

SOFI Alerts

  • 1 major insider sales recently.
  • Big jump in Revenue (Y/Y)
  • Big jump in Earnings (Y/Y)
  • Losses in recent quarter

SOFI Stock Price

SOFI RSI Chart

SOFI Valuation

Market Cap

8.2B

Price/Earnings (Trailing)

-42.03

Price/Sales (Trailing)

7.24

EV/EBITDA

5.99

Price/Free Cashflow

-0.86

SOFI Price/Sales (Trailing)

SOFI Profitability

Operating Margin

63.10%

EBT Margin

-26.96%

Return on Equity

-4.67%

Return on Assets

-1.09%

Free Cashflow Yield

-116.32%

SOFI Fundamentals

SOFI Revenue

Revenue (TTM)

1.1B

Revenue Y/Y

214.35%

Revenue Q/Q

26.49%

SOFI Earnings

Earnings (TTM)

-196.2M

Earnings Y/Y

50.38%

Earnings Q/Q

-38.14%

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

Debt/Equity

0.88

Debt/Cashflow

-1.59

SOFI Investor Care

Shares Dilution (1Y)

4.27%

Diluted EPS (TTM)

-0.25

Historical Charts for Stock Metrics

Get all data in R, Python etc through our Historical Stock Data APIs
Net sales

Latest Insider Trading transactions for SOFI

Filter Transactions
Datesorted ascendingNameBuy/Sell$ ValueAvg. Price# SharesTitle
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

1–10 of 50

Which funds bought or sold SOFI recently?

View All Details
Datesorted ascendingFund NameType% 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%

1–10 of 41

Latest Funds Activity

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

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

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

openPR
IC Programmer Market Research Report, keyplayer analysis, industry outlook 2023 - Valuates Reports.
openPR,
15 days ago
The Coin Republic
Seeking Alpha
SoFi: Nothing Is Over (NASDAQ:SOFI).
Seeking Alpha,
51 days ago
Yahoo Finance
The Motley Fool
One Banking Stock to Buy and Hold Forever.
The Motley Fool,
4 months ago
The Motley Fool
Why Shares of SoFi Fell Today.
The Motley Fool,
4 months ago
The Motley Fool
The Motley Fool
Will SoFi Hit $10 in 2023?.
The Motley Fool,
9 months ago
The Motley Fool
Better Buy In 2023: SoFi or Nu Holdings?.
The Motley Fool,
9 months ago
Seeking Alpha

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/Q2023Q22023Q12022Q42022Q32022Q22022Q12021Q42021Q32021Q22021Q12020Q42020Q32020Q22019Q4
Revenue39.1%1,139,722,000819,238,000773,371,000365,482,000298,978,000324,728,000355,020,000632,201,000584,145,000481,088,000363,537,000447,560,000288,820,000112,825,000
  S&GA Expenses6.0%693,807,000654,839,000617,823,000573,826,000526,682,000477,779,000426,875,000369,352,000331,825,000301,141,000276,577,000283,450,000257,068,000266,198,000
  R&D Expenses6.2%467,887,000440,408,000405,257,000358,292,000322,024,000292,047,000276,087,000267,538,000248,532,000226,976,000201,199,000206,522,000191,332,000147,458,000
EBITDA-100.0%-645,981,000416,735,000198,397,000141,329,000-8,131,000-127,365,000-144,271,000-179,653,00013,330,00013,330,00013,330,000-157,512,000-
EBITDA Margin-100.0%-0.710.540.210.16-0.01-0.17-0.21-0.290.030.030.03-0.55-
Interest Expenses23.2%893,570,000725,173,000584,096,000452,089,000366,614,000299,897,000252,244,000214,490,000191,327,000178,062,000177,931,000183,918,000170,988,000329,834,000
Earnings Before Taxes18.9%-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 Margin100.0%--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 Income19.8%-196,186,000-244,472,000-320,407,000-391,413,000-347,251,000-416,730,000-483,937,000-385,818,393-398,649,393-225,527,393-63,951,190-70,140,00015,606,000-239,697,000
Net Income Margin100.0%--0.27-0.41-0.41-0.39-0.51-0.66-0.40-0.46-0.24-0.140.030.05-
Free Cashflow100.0%--8,457,394,000-7,255,858,000-6,073,312,000-3,389,548,000-2,359,770,521-1,350,217,000-115,182,42481,321,776-3,942,270-2,572,448-20,000789,850,000-
Balance Sheet
(In Millions)
Balance Sheet
(In Millions)
(*) denotes actual numbers (not divided by Millions)
Description(%) Q/Q2023Q22023Q12022Q42022Q32022Q22022Q12021Q42021Q32021Q22021Q12020Q42020Q3
Assets13.8%25,56122,45319,00815,83512,67112,2479,1768,0837,6538068,563-
    Cash Equivalents21.2%3,0162,4881,4229357071,325768534462351873493
  Goodwill1.1%1,6411,6231,6237131,6251,616899899899-899-
Liabilities18.3%19,98316,89913,47910,3347,1646,7164,4793,5143,1254,3185,510-
Shareholder's Equity0.5%5,2585,2345,2085,1815,1865,2104,3774,2494,2075.005.005.00
  Retained Earnings-3.1%-1,585-1,537-1,503-1,463-1,389-1,293-1,183-1,072-1,042-116-6990.00
  Additional Paid-In Capital1.0%6,8486,7786,7206,6546,5836,5105,5625,3215,2501215795.00
Shares Outstanding0.9%94994093492791085382880136511611575.00
Cashflow (Last 12 Months)
(In Millions)
Cashflow (Last 12 Months)
(In Millions)
(*) denotes actual numbers (not divided by Millions)
Description(%) Q/Q2023Q22023Q12022Q42022Q32022Q22022Q12021Q42021Q32021Q22021Q12020Q42020Q32020Q22019Q4
Cashflow From Operations-13.4%-9,591-8,457-7,255-6,073-3,389-2,701-1,350-11581.00452-2.57-0.02790-54.73
  Share Based Compensation-1.5%28929330631230727923919214612510010686.0061.00
Cashflow From Investing-108.4%-409-196-106-24.27-134-20.8711080.00-565-832-1,610-3,220195115
Cashflow From Financing25.9%12,5029,9298,4396,5043,7543,726685-434-70.03-4521,6133,227-57293.00
  Buy Backs-------1.001.001.001.000.000.000.009.00

SOFI Income Statement

2023-06-30
Condensed Consolidated Statements of Operations and Comprehensive Loss - USD ($)
$ in Thousands
3 Months Ended6 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
Securitizations2,6592,5675,7135,325
Other25,1501,60836,3182,877
Total interest income469,996149,512841,560267,924
Interest expense    
Securitizations and warehouses63,06018,599117,38438,505
Deposits106,5294,543179,6454,974
Corporate borrowings9,1673,45017,1676,099
Other114191228684
Total interest expense178,87026,783314,42450,262
Net interest income291,126122,729527,136217,662
Noninterest income    
Loan origination and sales103,064144,414229,575302,118
Securitizations(12,900)(11,737)(16,077)(23,018)
Servicing9,05210,47121,79422,707
Technology products and solutions82,28981,670155,090141,527
Other25,38714,98052,65831,875
Total noninterest income206,892239,798443,040475,209
Total net revenue (loss)498,018362,527970,176692,871
Noninterest expense    
Technology and product development126,84599,366243,904181,274
Sales and marketing182,822143,854357,976281,992
Cost of operations93,88579,091177,793149,528
General and administrative131,180125,829254,869262,334
Provision for credit losses12,61510,10321,02223,064
Total noninterest expense547,347458,2431,055,564898,192
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, net830(1,991)3,078(6,446)
Foreign currency translation adjustments, net392(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)936,569,420910,046,750932,926,222881,608,165
Weighted average common stock outstanding - diluted (in shares)936,569,420910,046,750932,926,222881,608,165

SOFI Balance Sheet

2023-06-30
Condensed 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 equivalents485,476424,395
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)548,232396,769
Loans held for sale, at fair value18,213,66713,557,074
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)347,551307,957
Servicing rights145,663149,854
Property, equipment and software191,352170,104
Goodwill1,640,6791,622,991
Intangible assets412,099442,155
Operating lease right-of-use assets94,52397,135
Other assets (less allowance for credit losses of $1,937 and $2,785, as of June 30, 2023 and December 31, 2022, respectively)466,555417,334
Total assets25,561,44919,007,675
Deposits:  
Interest-bearing deposits12,672,3927,265,792
Noninterest-bearing deposits67,68176,504
Total deposits12,740,0737,342,296
Accounts payable, accruals and other liabilities632,459516,215
Operating lease liabilities115,224117,758
Debt6,484,3265,485,882
Residual interests classified as debt11,33217,048
Total liabilities19,983,41413,479,199
Commitments, guarantees, concentrations and contingencies (Note 15)
Temporary equity:  
Redeemable preferred stock, $0.00 par value: 100,000,000 and 100,000,000 shares authorized; 3,234,000 and 3,234,000 shares issued and outstanding, as of June 30, 2023 and December 31, 2022, respectively[1]320,374320,374
Permanent equity:  
Common stock[2]9493
Additional paid-in capital6,848,1786,719,826
Accumulated other comprehensive loss(5,119)(8,296)
Accumulated deficit(1,585,492)(1,503,521)
Total permanent equity5,257,6615,208,102
Total liabilities, temporary equity and permanent equity25,561,44919,007,675
Restricted cash and restricted cash equivalents485,476424,395
Loans held for sale, at fair value18,213,66713,557,074
Total assets25,561,44919,007,675
Accounts payable, accruals and other liabilities632,459516,215
Debt6,484,3265,485,882
Residual interests classified as debt11,33217,048
Total liabilities19,983,41413,479,199
Variable Interest Entity, Primary Beneficiary  
Assets  
Restricted cash and restricted cash equivalents75,93268,151
Loans held for sale, at fair value1,065,741931,701
Total assets1,141,673999,852
Deposits:  
Accounts payable, accruals and other liabilities1,1113,053
Debt803,285771,454
Residual interests classified as debt11,33217,048
Total liabilities815,728791,555
Restricted cash and restricted cash equivalents75,93268,151
Loans held for sale, at fair value1,065,741931,701
Total assets1,141,673999,852
Accounts payable, accruals and other liabilities1,1113,053
Debt803,285771,454
Residual interests classified as debt11,33217,048
Total liabilities$ 815,728$ 791,555
[1]Redemption amount is $323,400 as of June 30, 2023 and December 31, 2022.
[2]Includes 100,000,000 non-voting common shares authorized and no non-voting common shares issued and outstanding as of June 30, 2023 and December 31, 2022. See Note 10. Equity for additional information.
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.