SoFi Technologies, Inc. (SOFI) Income Statement
SOFI 2025 at a glance
Fiscal year ended December 31, 2025 · U.S. dollarsSOFI revenue and net income
Where SOFI's revenue goes
2025Each bar shows an amount and its share of revenue. SOFI kept 10.1% of revenue as net income.
SOFI profit margins
SOFI growth rates
to 2025| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Revenue | +82.6% | +39.3% | +44.7% | — |
| Gross profit | +37.2% | +33.1% | +44.7% | — |
| Operating income | −38.8% | — | — | — |
| Net income | −3.5% | — | — | — |
| EPS (diluted) | +146.7% | — | — | — |
1-year change and average annual growth (CAGR) over 3, 5 and 10 fiscal years. "—" when a starting value was zero or negative.
SOFI quarterly EPS vs estimates
SoFi Technologies beat the analyst EPS estimate in 8 of the last 8 quarters. Next report: October 27, 2026 (estimate $0.17).
SOFI income statement
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|
| Revenue | $4.77B | $2.61B | $2.05B | $1.76B | $1.09B | $751.1M | $442.7M | $600.0M | $824.6M |
| Cost of revenue | $1.19B | −$30.8M | $1.09B | $243.6M | $110.3M | $185.6M | $279.7M | $330.6M | $152.2M |
| Gross profit | $3.58B | $2.61B | $2.05B | $1.52B | $977.3M | $565.5M | $442.7M | $269.4M | $506.7M |
| Research & development | $648.3M | $551.8M | $511.4M | $405.3M | $276.1M | $201.2M | $147.5M | $99.3M | $68.3M |
| Sales, general & admin | $1.80B | $1.40B | $1.23B | $1.12B | $925.4M | $514.0M | $152.3M | $334.6M | $342.4M |
| Total operating expenses | $3.06B | $2.50B | $1.74B | $1.84B | $1.46B | $894.1M | −$682.3M | $522.8M | $449.1M |
| Operating income | $525.9M | $859.6M | −$300.3M | −$318.7M | −$481.2M | −$328.5M | −$239.6M | −$253.4M | $57.6M |
| Interest income | $3.38B | $2.81B | $2.05B | $773.4M | $355.0M | $55.1M | $608.2M | $589.6M | — |
| Interest expense | $1.16B | $1.09B | $789.3M | $189.3M | $102.8M | $185.6M | $278.4M | $330.6M | $0 |
| Income before taxes | $525.9M | $233.3M | −$301.2M | −$318.7M | −$481.2M | −$328.5M | −$239.6M | −$253.4M | $50.1M |
| Income taxes | $44.5M | $265.3M | $416,000 | $1.7M | $2.8M | −$104.5M | $98,000 | −$958,000 | $311,000 |
| Net income | $481.3M | $498.7M | −$300.7M | −$320.4M | −$483.9M | −$224.1M | −$239.7M | −$252.4M | $49.8M |
| EBITDA | $760.0M | $436.8M | −$300.3M | −$167.4M | −$379.6M | −$258.7M | −$223.6M | −$242.4M | $65.8M |
| EPS (diluted) | $0.37 | $0.15 | −$0.09 | −$0.37 | −$0.94 | −$6.63 | −$0.34 | — | — |
| Gross margin | 75.1% | 100.0% | 100.0% | 86.2% | 89.9% | 75.3% | 100.0% | 44.9% | 61.4% |
| Operating margin | 11.0% | 32.9% | −14.6% | −18.1% | −44.2% | −43.7% | −54.1% | −42.2% | 7.0% |
| Net margin | 10.1% | 19.1% | −14.7% | −18.2% | −44.5% | −29.8% | −54.1% | −42.1% | 6.0% |
| Jun '26 | Mar '26 | Dec '25 | Sep '25 | Jun '25 | Mar '25 | Dec '24 | Sep '24 | Jun '24 | Mar '24 | Dec '23 | Sep '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $1.57B | $1.41B | $1.34B | $1.27B | $1.13B | $1.04B | $1.01B | $986.2M | $860.6M | $849.0M | $856.4M | $756.5M |
| Cost of revenue | $366.1M | $316.9M | $315.5M | $315.6M | $284.6M | $270.8M | $280.6M | $298.4M | $273.7M | $270.4M | $267.7M | $241.1M |
| Gross profit | $1.20B | $1.09B | $1.02B | $952.4M | $844.9M | $766.1M | $727.2M | $687.8M | $587.0M | $578.6M | $588.7M | $515.4M |
| Research & development | $191.3M | $187.7M | $172.8M | $89.7M | — | $156.2M | $149.0M | $139.7M | $132.2M | $130.9M | $146.1M | $125.7M |
| Sales, general & admin | $609.2M | $533.1M | $499.9M | $475.3M | $430.1M | $394.6M | $390.2M | $363.8M | $329.8M | $312.6M | $306.4M | $311.2M |
| Total operating expenses | $1.00B | $891.9M | $834.3M | $803.9M | $732.7M | $686.3M | $667.3M | $623.9M | $571.6M | $484.4M | $537.6M | $782.3M |
| Operating income | $204.3M | $199.6M | $185.3M | $148.6M | $112.2M | $79.8M | $59.9M | $63.9M | $15.3M | $94.2M | $51.2M | −$266.9M |
| Interest income | $1.14B | $1.00B | $927.4M | $891.6M | $792.4M | $763.8M | $743.9M | $723.4M | $674.6M | $665.9M | $645.2M | $564.3M |
| Interest expense | $352.3M | $308.0M | $310.1M | $306.4M | $274.6M | $265.1M | $273.8M | $292.4M | $262.0M | $263.2M | $255.6M | $219.3M |
| Income before taxes | $204.3M | $199.6M | $185.3M | $148.6M | $112.2M | $79.8M | $59.9M | $63.9M | $15.3M | $94.2M | $51.2M | −$266.9M |
| Income taxes | $47.7M | $32.8M | $11.8M | $9.2M | $14.9M | $8.7M | −$272.5M | $3.1M | −$2.1M | $6.2M | $3.2M | −$244,000 |
| Net income | $156.6M | $166.7M | $173.5M | $139.4M | $97.3M | $71.1M | $332.5M | $60.7M | $17.4M | $88.0M | $47.9M | −$266.7M |
| EBITDA | $277.4M | $267.1M | $248.2M | $207.8M | $168.9M | $135.1M | $113.5M | $115.6M | $65.0M | $142.8M | $104.6M | −$214.4M |
| EPS (diluted) | $0.12 | $0.12 | $0.12 | $0.10 | $0.09 | $0.06 | $0.05 | $0.05 | $0.02 | $0.03 | $0.04 | −$0.03 |
| Gross margin | 76.7% | 77.5% | 76.4% | 75.1% | 74.8% | 73.9% | 72.2% | 69.7% | 68.2% | 68.2% | 68.7% | 68.1% |
| Operating margin | 13.0% | 14.2% | 13.9% | 11.7% | 9.9% | 7.7% | 5.9% | 6.5% | 1.8% | 11.1% | 6.0% | −35.3% |
| Net margin | 10.0% | 11.8% | 13.0% | 11.0% | 8.6% | 6.9% | 33.0% | 6.2% | 2.0% | 10.4% | 5.6% | −35.3% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported in SOFI's financial statements (latest annual report filed February 17, 2026); data from EODHD. Sales, general & administrative expenses include sales and marketing.
SOFI financial results
In fiscal year 2025 (ended December 31, 2025), SoFi Technologies reported revenue of $4.8 billion, up 82.6% from the year before. It had net income of $481.3 million (down 3.5%), a net profit margin of 10.1%. Diluted earnings per share came to $0.37. Over five years revenue grew at an average rate of 44.7% a year.
See the SOFI stock overview for the latest quote and news, or the SOFI chart for price history and technical indicators.
SOFI income statement FAQ
What is SoFi Technologies's annual revenue?
SoFi Technologies reported total revenue of $4.8 billion for fiscal year 2025, which ended on December 31, 2025. That was up 82.6% from $2.6 billion the previous year.
Is SoFi Technologies profitable?
Yes. SoFi Technologies reported net income of $481.3 million in fiscal 2025, a net profit margin of 10.1%; its operating margin was 11.0%.
What is SoFi Technologies's gross margin?
SoFi Technologies's gross margin was 75.1% in fiscal 2025: for every $100 of revenue, SoFi Technologies kept $75 after the direct cost of its products and services.
How much does SoFi Technologies spend on research and development?
SoFi Technologies spent $648.3 million on research and development in fiscal 2025, 13.6% of revenue.
How fast is SoFi Technologies growing?
Revenue grew 44.7% a year on average over the last five fiscal years, from $751.1 million to $4.8 billion.
What are SoFi Technologies's earnings per share?
SoFi Technologies earned $0.37 per diluted share in fiscal 2025, compared with $0.15 a year earlier.
When will SoFi Technologies report its next earnings?
SoFi Technologies is expected to report results for the quarter ending September 30, 2026 on October 27, 2026 before the market opens.
When does SoFi Technologies's fiscal year end?
SoFi Technologies's fiscal year ends in December. The latest annual report covers the year ended December 31, 2025 and was filed on February 17, 2026.