Income statement, balance sheet and cash flow statement for the last 7 fiscal years, taken from the XBRL data SoFi Technologies, Inc. files with the SEC in its annual reports.
In USD millions, except per-share amounts. Outflows in the cash flow statement are negative.
Income statement
FY2019
FY2020
FY2021
FY2022
FY2023
FY2024
FY2025
Revenue
443
566
985
1,574
2,123
2,675
3,613
Cost of revenue
116
179
257
313
380
462
609
Gross profit
326
387
728
1,260
1,743
2,213
3,004
Research and development
147
201
276
405
511
552
648
Selling and marketing
266
277
427
618
719
796
1,095
General and administrative
152
237
499
502
511
600
704
Interest expense
278
186
103
189
789
Interest income
11.2
9.15
3.05
13.9
107
206
229
Pre-tax income
-240
-329
-481
-319
-301
233
526
Income tax
0.1
-104
2.76
1.69
-0.42
-265
44.5
Net income
-240
-224
-484
-320
-301
499
481
EPS, basic
-4.02
-4.30
-1.00
-0.40
-0.36
0.46
0.42
EPS, diluted
-4.02
-4.30
-1.00
-0.40
-0.36
0.39
0.39
Shares, basic (weighted)
65.6
73.9
527
901
945
1,050
1,150
Shares, diluted (weighted)
65.6
73.9
527
901
945
1,101
1,252
Dividend per share
0.00
0.00
0.00
0.00
Balance sheet
FY2019
FY2020
FY2021
FY2022
FY2023
FY2024
FY2025
Cash and equivalents
499
873
495
1,422
3,085
2,538
4,929
Other current assets
0.8
Total current assets
1.06
Property, plant and equipment
81.5
112
170
217
288
416
Lease right-of-use assets
117
115
97.1
89.6
81.2
93.9
Goodwill
15.7
899
899
1,623
1,394
1,394
1,394
Intangible assets
355
285
442
364
298
232
Total assets
8,563
9,176
19,008
30,075
36,251
50,660
Accrued liabilities
0.18
Deferred revenue
2.52
2.55
10
5.72
7.47
8.54
Total current liabilities
0.18
Total liabilities
5,510
4,479
13,479
24,520
29,726
40,171
Total debt
4,799
3,948
5,486
Paid-in capital
579
5,562
6,720
7,040
7,839
11,303
Retained earnings
-699
-1,183
-1,504
-1,804
-1,306
-824
Other comprehensive income
-0.17
-1.47
-8.3
-1.21
-8.37
11
Shareholders' equity
-339
-120
4,377
5,208
5,235
6,525
10,489
Total equity
-339
-120
4,377
5,208
5,235
6,525
10,489
Total liabilities and equity
8,563
9,176
19,008
30,075
36,251
50,660
Shares outstanding
115
828
934
976
1,095
1,271
Cash flow statement
FY2019
FY2020
FY2021
FY2022
FY2023
FY2024
FY2025
Net income
-240
-224
-484
-320
-301
499
481
Depreciation and amortization
16
69.8
102
151
201
203
234
Stock-based compensation
60.9
99.9
239
306
271
246
262
Deferred income tax
0.05
-105
1.2
-3.5
-15.8
-287
16.2
Change in payables
2.03
95.2
-9.02
6.37
42.1
23.6
Cash from operations
-54.7
-479
-1,350
-7,256
-7,227
-1,120
-3,742
Capital expenditures
-37.6
-24.5
-52.3
-93.2
-111
-154
-242
Acquisitions
0
-32.4
0
58.5
-72.3
0
0
Purchases of investments
0
0
-246
-45
-801
-2,191
-1,668
Sales and maturities of investments
0
0
4.8
15.2
154
808
550
Cash from investing
115
259
110
-106
-1,890
-4,821
-6,719
Debt issued
12,458
10,234
9,521
Debt repaid
-12,826
-9,709
-10,429
Stock issued
0
370
0
0
0
0
3,186
Share buybacks
-8.8
-0.04
-0.53
0
0
Cash from financing
93.1
854
685
8,439
10,886
5,035
13,109
Exchange rate effect
-0.01
-0.15
0.05
0.57
0.68
0
-0.36
Net change in cash
153
633
-555
1,078
1,769
-906
2,647
Free cash flow
-92.3
-504
-1,402
-7,349
-7,339
-1,274
-3,985
Interest paid
225
129
94.8
151
720
1,118
1,146
Income taxes paid
0.01
0.53
1.76
2.57
14.3
26.9
28.9
Key metrics
Worked out from the statements above. Latest values use the trailing twelve months to June 30, 2026; growth uses fiscal years. Valuation uses the share price of $16.58 on September 25, 2026.
Profitability
Metric
Value
How it is calculated
Gross margin
83.9%
Gross profit / revenue.
Pre-tax margin
17.1%
Pre-tax income / revenue.
Net margin
14.8%
Net income / revenue.
FCF margin
-204.2%
Free cash flow (cash from operations - capital expenditures) / revenue.
Operating cash flow margin
-197.5%
Cash from operations / revenue.
Effective tax rate
13.8%
Income tax / pre-tax income, when pre-tax income is positive.
Return on equity (ROE)
5.7%
Net income / average shareholders' equity (opening and closing). Not shown when equity is negative.
Return on assets (ROA)
1.0%
Net income / average total assets.
R&D / revenue
16.7%
Research and development expense / revenue.
Stock-based pay / revenue
6.6%
Stock-based compensation (from the cash flow statement) / revenue.
Capex / revenue
6.7%
Capital expenditures / revenue.
D&A / revenue
6.1%
Depreciation and amortization / revenue.
Growth
Metric
Value
How it is calculated
Revenue growth, 1y
35.1%
Revenue vs the same period a year earlier. Only from a positive base.
Revenue CAGR, 3y
31.9%
Compound annual growth of revenue over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Revenue CAGR, 5y
44.9%
Compound annual growth of revenue over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Gross profit growth, 1y
35.7%
Gross profit vs the same period a year earlier. Only from a positive base.
Gross profit CAGR, 3y
33.6%
Compound annual growth of gross profit over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Gross profit CAGR, 5y
50.7%
Compound annual growth of gross profit over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Net income growth, 1y
-3.5%
Net income vs the same period a year earlier. Only from a positive base.
EPS growth, 1y
0.0%
EPS vs the same period a year earlier. Only from a positive base.
Book value growth, 1y
60.8%
Book value vs the same period a year earlier. Only from a positive base.
Book value CAGR, 3y
26.3%
Compound annual growth of book value over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Total assets growth, 1y
39.7%
Total assets vs the same period a year earlier. Only from a positive base.
Total assets CAGR, 3y
38.6%
Compound annual growth of total assets over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Total assets CAGR, 5y
42.7%
Compound annual growth of total assets over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Share count change, 1y
13.7%
Change in diluted weighted shares vs a year earlier. Negative means buybacks shrank the share count; positive means dilution.
Share count change per year, 3y
11.6%
Change in diluted weighted shares, per year over 3 years. Negative means buybacks shrank the share count; positive means dilution.
Share count change per year, 5y
76.1%
Change in diluted weighted shares, per year over 5 years. Negative means buybacks shrank the share count; positive means dilution.
Free cash flow / net income, when net income is positive.
Per share
Metric
Value
How it is calculated
EPS, diluted
$0.47
Net income per diluted share, as reported (split-adjusted). Over the last twelve months: the four quarters summed, or net income / latest diluted shares when a quarter has no reported EPS.
Revenue per share
$3.18
Revenue / diluted weighted shares.
FCF per share
-$6.50
Free cash flow / diluted weighted shares.
Operating cash flow per share
-$6.29
Cash from operations / diluted weighted shares.
Book value per share
$8.58
Shareholders' equity / shares outstanding (diluted weighted shares when not reported).
Market cap + total debt - cash - short-term investments.
P/E
33.7x
Market cap / net income. Only when net income is positive.
P/S
4.97x
Market cap / revenue.
P/B
1.93x
Market cap / shareholders' equity. Only when equity is positive.
Price / tangible book
2.27x
Market cap / tangible book value, when positive.
EV/Sales
4.25x
Enterprise value / revenue.
FCF yield
-41.1%
Free cash flow / market cap.
Earnings yield
3.0%
Net income / market cap (the inverse of P/E).
What was SoFi Technologies, Inc.'s revenue in fiscal 2025?
SoFi Technologies, Inc. reported revenue of $3.61B for fiscal 2025, 35.1% higher than the year before.
Was SoFi Technologies, Inc. profitable in fiscal 2025?
Yes. Net income was $481.3M, a net margin of 13.3%.
How much free cash flow did SoFi Technologies, Inc. generate in fiscal 2025?
Cash from operations of $3.74B minus capital expenditures of $242.4M left free cash flow of -$3.98B.
Source: SEC EDGAR XBRL company facts. Where a company tags only year-to-date figures, quarters are worked out as differences. Where a line is not tagged it is left empty, never estimated.