NASDAQ:SOFI · NASDAQ Global Select
+$0.52 today
Vol 96.56M · Avg 67.13M
Income Statement
Follow revenue through to earnings
Review sales, margins, expenses, and profit trends to see what is actually driving reported earnings over time.
Stock Ticker Earnings Waterfall
NASDAQ:SOFI · Revenue to Net Income
Key Ratios
Analysis
$5.1B of revenue converted into $576.9M of net income for the selected period. Gross margin is 75.9% and net margin is 11.1%, showing how much revenue survives after costs and taxes. EPS is $0.44, tying the income statement back to per-share earnings.
Revenue
—
Operating Income
—
Net Income
—
Income Statement
Annual data · 5 periods
| Metric | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $4.8B +28.8% | $3.7B +27.8% | $2.9B +64.4% | $1.8B +62.1% | $1.1B | $809.6M | $921.6M | $731.2M |
| Cost of Revenue | $1.2B +5.7% | $1.1B +33.0% | $844.3M +246.6% | $243.6M +120.8% | $110.3M | $725.6M | $804.0M | $882.4M |
| Gross Profit | $3.6B +38.8% | $2.6B +25.7% | $2.1B +35.2% | $1.5B +55.4% | $977.3M | $8.9B | $7.6B | $6.2B |
| Gross Margin | 75.1% +5.4pp | 69.7% -1.2pp | 70.9% -15.3pp | 86.2% -3.7pp | 89.9% | 9.8% | 28.9% | 38.3% |
| Research & Development | $0 | $0 | $0 | $0 | $0 | $983.2M | $1.3B | $490.4M |
| Selling, General & Admin | $1.8B +28.9% | $1.4B +13.5% | $1.2B +9.9% | $1.1B +21.0% | $925.4M | $620.6M | $923.0M | -$1.5B |
| Operating Expenses | $3.1B +30.2% | $2.3B -0.3% | $2.4B +28.1% | $1.8B +26.0% | $1.5B | $5.3B | $7.0B | $8.7B |
| Depreciation & Amortization | $234.2M +15.1% | $203.5M +1.0% | $201.4M +33.1% | $151.4M +49.0% | $101.6M | $374.2M | $1.2B | $631.8M |
| EBITDA | $760.0M +74.0% | $436.8M +538.0% | -$99.7M +40.4% | -$167.4M +55.9% | -$379.6M | -$15.2B | $6.8B | $9.3B |
| EBITDA Margin | 15.9% +4.1pp | 11.8% +15.2pp | -3.4% +6.1pp | -9.5% +25.4pp | -34.9% | 5.6% | 46.3% | 42.0% |
| Operating Income | $525.9M +125.4% | $233.3M +177.5% | -$301.2M +5.5% | -$318.7M +33.8% | -$481.2M | $12.3B | $14.0B | -$15.7B |
| Operating Margin | 11.0% +4.7pp | 6.3% +16.7pp | -10.4% +7.7pp | -18.1% +26.2pp | -44.2% | 16.6% | 24.1% | 22.0% |
| Interest Income | $3.4B +20.2% | $2.8B +36.9% | $2.1B +165.2% | $773.4M +117.8% | $355.0M | -$1.5B | -$1.6B | $405.0M |
| Interest Expense | $1.2B +5.9% | $1.1B +38.3% | $789.3M +317.0% | $189.3M +84.2% | $102.8M | $1.1B | $1.0B | $1.2B |
| Other Income / Expenses | $0 | $0 | $0 | $0 | $0 | -$1.5B | $1.4B | $1.2B |
| Income Before Tax | $525.9M +125.4% | $233.3M +177.5% | -$301.2M +5.5% | -$318.7M +33.8% | -$481.2M | $3.3B | $4.9B | $3.6B |
| Pre-Tax Margin | 11.0% +4.7pp | 6.3% +16.7pp | -10.4% +7.7pp | -18.1% +26.2pp | -44.2% | 20.8% | 18.7% | 26.2% |
| Income Tax Expense | $44.5M +116.8% | -$265.3M -63678.8% | -$416.0K -124.7% | $1.7M -38.9% | $2.8M | $1.3B | -$1.6B | $745.2M |
| Net Income | $481.3M -3.5% | $498.7M +265.8% | -$300.7M +6.1% | -$320.4M +33.8% | -$483.9M | $4.9B | $4.8B | $4.7B |
| Net Margin | 10.1% -3.4pp | 13.5% +23.8pp | -10.4% +7.8pp | -18.2% +26.3pp | -44.5% | 12.4% | 17.5% | 22.5% |
| EPS (Basic) | $0 -8.7% | $0 +227.8% | -$0 +10.0% | -$0 +60.0% | -$1 | $400.8M | $703.2M | $1.3B |
| EPS (Diluted) | $0 +0.0% | $0 +208.3% | -$0 +10.0% | -$0 +60.0% | -$1 | $766.2M | $609.4M | $452.6M |
| Weighted Avg Shares | $1.2B +9.5% | $1.1B +11.1% | $945.0M +4.9% | $900.9M +71.0% | $526.7M | $757.8M | $925.8M | $1.1B |
| Weighted Avg Shares (Diluted) | $1.3B +13.7% | $1.1B +16.5% | $945.0M +4.9% | $900.9M +71.0% | $526.7M | $1.2B | $924.4M | $678.0M |
Older periods hidden.
Sign in to unlockCompetitors
Peer companies in the same sector
Morgan Stanley
NYSE:MS
$337.41B
The Charles Schwab Corporation
NYSE:SCHW
$168.70B
State Street Corporation
NYSE:STT
$47.24B
Sun Life Financial Inc.
NYSE:SLF
$44.13B
Ares Management Corporation
NYSE:ARES
$38.39B
Banco Bradesco S.A.
NYSE:BBD
$36.49B
Huntington Bancshares Incorporated
NASDAQ:HBAN
$36.20B
Arch Capital Group Ltd.
NASDAQ:ACGL
$35.71B
Raymond James Financial, Inc.
NYSE:RJF
$31.70B
Synchrony Financial
NYSE:SYF
$25.68B
SEC Filings
Recent regulatory filings
No filings found.
How much revenue does SOFI generate?
SoFi Technologies, Inc. (SOFI) reported $4.77B of revenue in fiscal 2025.
Is SOFI profitable?
SoFi Technologies, Inc. (SOFI) reported $481.32M of net income, with a net margin of 10.1%.
Explore More
Continue the stock analysis
Jump to another research area for this company.