SoFi Technologies, Inc. SOFI Business Segments
| FY'25 | FY'24 | FY'23 | FY'22 | ||
|---|---|---|---|---|---|
| Corporate/Other total net revenue (loss) by Business | |||||
| Financial Services | $1.54B+87.7% | $821.51M+88.2% | $436.52M+160% | $167.68M+189% | |
| Lending | $1.85B+24.5% | $1.49B+8.4% | $1.37B+20.2% | $1.14B+54.4% | |
| Technology Platform | $450.21M+13.9% | $395.18M+12.2% | $352.34M+11.8% | $315.13M+61.7% | |
| Total net revenue from contracts with customers by Business | |||||
| Financial Services | $258.56M+70.7% | $151.45M+55.4% | $97.46M+37.0% | $71.13M+30.1% | |
| Technology Platform | $360.79M+2.6% | $351.68M+8.5% | $323.99M+5.9% | $305.96M+58.5% | |
| Reportable segments total contribution profit by Business | |||||
| Financial Services | $792.91M+158% | $307.01M— | —— | -$199.43M-47.8% | |
| Lending | $1.02B+14.2% | $890.54M+8.2% | $823.27M+24.0% | $664M+66.2% | |
| Technology Platform | $144.41M+13.8% | $126.96M+33.9% | $94.79M+23.9% | $76.51M+18.7% | |
| Noninterest Income by Business | |||||
| Financial Services | $764.03M+208% | $248.09M+144% | $101.67M+35.4% | $75.1M+38.3% | |
| Lending | $242.92M-12.6% | $278M-32.2% | $409.85M-32.6% | $608.51M+26.7% | |
| Technology Platform | $448.71M+14.2% | $393.02M+12.0% | $350.83M+11.3% | $315.13M+61.7% | |
| Net interest income (expense) by Business | |||||
| Financial Services | $777.99M+35.7% | $573.42M+71.2% | $334.85M+262% | $92.57M+2,534% | |
| Lending | $1.61B+33.0% | $1.21B+25.7% | $960.77M+80.8% | $531.48M+156% | |
| Technology Platform | $1.51M-30.3% | $2.16M+42.5% | $1.51M— | $0+100% | |
| Directly Attributable Expenses by Business | |||||
| Financial Services | $718.78M+48.9% | $482.85M+26.5% | $381.83M+22.1% | $312.77M+62.1% | |
| Lending | $810.11M+37.7% | $588.51M+14.7% | $513.07M+15.8% | $442.95M+21.6% | |
| Technology Platform | $305.8M+14.0% | $268.22M+4.1% | $257.55M+7.9% | $238.62M+82.9% | |
| Compensation and benefits, inclusive of share-based compensation expense by Business | |||||
| Financial Services | $181.36M+32.3% | $137.1M+9.6% | $125.14M+13.5% | $110.29M— | |
| Lending | $166.24M+31.5% | $126.39M+6.0% | $119.27M+14.7% | $104M— | |
| Technology Platform | $187.9M+23.5% | $152.16M+0.7% | $151.04M+5.0% | $143.84M— | |
| Other Expenses by Business | |||||
| Financial Services | $101.17M+75.1% | $57.77M+26.2% | $45.77M-1.7% | $46.58M— | |
| Lending | $32.24M+15.2% | $27.99M-25.9% | $37.75M+52.3% | $24.79M— | |
| Technology Platform | $15.53M-12.0% | $17.65M-7.9% | $19.17M-14.2% | $22.34M— | |
| Intercompany Technology Platform Expense by Business | |||||
| Financial Services | $46.89M+96.0% | $23.92M+84.6% | $12.96M+182% | $4.6M— | |
| Lending | $2.08M-23.2% | $2.71M+185% | $948K— | $0— | |
| Technology Platform | $0— | $0— | $0— | $0— | |
| Product Fulfillment Expense by Business | |||||
| Financial Services | $86.41M+18.1% | $73.19M+46.9% | $49.83M+47.8% | $33.71M— | |
| Lending | $0— | $0— | $0— | $0— | |
| Technology Platform | $50.85M-12.7% | $58.25M+22.0% | $47.73M+21.6% | $39.24M— | |
| Advertising Expense by Business | |||||
| Financial Services | $33.32M-9.3% | $36.73M-17.2% | $44.35M+21.0% | $36.66M— | |
| Lending | $327.75M+50.0% | $218.57M+18.9% | $183.89M+3.2% | $178.26M— | |
| Technology Platform | $0— | $0— | $0— | $0— | |
| Tools and Subscriptions Expense by Business | |||||
| Financial Services | $0— | $0— | $0— | $0— | |
| Lending | $0— | $0— | $0— | $0— | |
| Technology Platform | $37.29M+32.8% | $28.08M+6.4% | $26.38M+21.3% | $21.75M— | |
| Residual interests classified as debt – change in valuation inputs or assumptions by Business | |||||
| Financial Services | $0— | $0— | $0— | $0— | |
| Lending | $70K-35.2% | $108K-74.6% | $425K-94.0% | $7.08M-69.0% | |
| Technology Platform | $0— | $0— | $0— | $0— | |
| Lead Generation by Business | |||||
| Financial Services | $161.9M+222% | $50.33M+38.1% | $36.45M+19.8% | $30.42M— | |
| Lending | $184.54M+23.5% | $149.48M+29.5% | $115.39M+31.5% | $87.72M— | |
| Technology Platform | $0— | $0— | $0— | $0— | |
| Professional Fees by Business | |||||
| Financial Services | $30.25M+31.7% | $22.97M+80.6% | $12.72M+177% | $4.59M— | |
| Lending | $13.04M+9.1% | $11.96M+24.7% | $9.59M+44.3% | $6.65M— | |
| Technology Platform | $14.23M+17.8% | $12.09M-8.6% | $13.23M+15.4% | $11.46M— | |
| Member Incentive Expense by Business | |||||
| Financial Services | $77.49M-4.1% | $80.84M+48.0% | $54.62M+18.9% | $45.92M— | |
| Lending | $0— | $0— | $0— | $0— | |
| Technology Platform | $0— | $0— | $0— | $0— | |
| Loan Origination And Servicing Expenses by Business | |||||
| Financial Services | $0— | $0— | $0— | $0— | |
| Lending | $84.22M+63.8% | $51.42M+11.2% | $46.24M+11.3% | $41.54M— | |
| Technology Platform | $0— | $0— | $0— | $0— | |
| Servicing rights – change in valuation inputs or assumptions by Business | |||||
| Financial Services | $0— | $0— | $0— | $0— | |
| Lending | $22.01M— | —— | $34.7M-12.5% | $39.65M— | |
| Technology Platform | $0— | $0— | $0— | $0— | |
| Goodwill by Business | |||||
| Financial Services | $148.64M0.0% | $148.64M0.0% | $148.64M0.0% | $148.64M— | |
| Lending | $70.75M0.0% | $70.75M— | —— | —— | |
| Technology Platform | $5.35B0.0% | $5.35B-8.5% | $5.85B-7.7% | $6.34B— | |
| Provision for Credit Losses by Business | |||||
| Financial Services | $30.33M-4.2% | $31.66M-42.4% | $54.95M+1.1% | $54.33M— | |
| Lending | $0— | $0— | $0— | $0— | |
| Technology Platform | $0— | $0— | $0— | $0— | |
| Total net revenue from contracts with customers by Product | |||||
| Brokerage | $39.67M+84.5% | $21.49M+1.7% | $21.13M+36.8% | $15.45M-32.1% | |
| Interchange | $114.32M+71.1% | $66.83M+89.6% | $35.25M+103% | $17.39M+63.4% | |
| Other | $12.14M+334% | $2.8M+5.7% | $2.65M+17.9% | $2.25M-59.5% | |
| Referrals, loan platform business | $79.99M+53.4% | $52.13M— | —— | $31.54M— | |
| Referrals, other | $12.45M+51.9% | $8.2M— | —— | $4.51M— | |
| Technology services | $355.72M+2.8% | $346.19M+8.2% | $319.85M+6.8% | $299.38M+56.1% |
Chart any of these lines over time, or line them up against competitors.
Compare these in charts →Questions, answered.
- How does SoFi Technologies, Inc. break its business down?
- SoFi Technologies, Inc. (SOFI) reports corporate/other total net revenue (loss) by business across 3 parts — Financial Services, Lending and Technology Platform. Each is extracted from the segment footnotes and tracked over time.
- Where does SoFi Technologies, Inc.'s segment data come from?
- Segment breakdowns are pulled from the segment footnotes in SoFi Technologies, Inc.'s SEC filings (the XBRL dimensional tags), so every line ties back to a reported figure. Switch between quarterly, annual, and TTM, or open any segment for its full history.
