Discontinued — last reported Q3 '22
Products & Services · Deferred Revenue
Referrals — Deferred Revenue
SoFi Technologies, Inc. Referrals — Deferred Revenue increased by 34.7% to $703K in Q3 2022 compared to the prior quarter.
Analysis
StatementSegment
CategoryLiquidity
SignalContext dependent
VolatilityStable
First reportedQ4 2021
Last reportedQ3 2022Nov 9, 2022
Rolls up toDeferred Revenue
How to read this metric
An increase suggests strong upfront contract activity or prepayments from partners, while a decrease may indicate that the company is successfully fulfilling its obligations or experiencing a slowdown in new referral contracts.
Detailed definition
This represents the portion of referral fees received from partners for which the performance obligations have not yet b...
Peer comparison
Similar to unearned revenue or contract liabilities found in SaaS and service-based business models.
Metric ID:
sofi_segment_referrals_deferred_revenueHistorical Data
4 periods
| Q4 '21 | Q1 '22 | Q2 '22 | Q3 '22 | |
|---|---|---|---|---|
| Value | $118K | $293K | $522K | $703K |
| QoQ Change | — | +148.3% | +78.2% | +34.7% |
Range$118K – $703K
Current Streak3+ quarters growth
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Frequently Asked Questions
- What is SoFi Technologies, Inc.'s referrals — deferred revenue?
- SoFi Technologies, Inc. (SOFI) reported referrals — deferred revenue of $703K in Q3 2022.
- What does referrals — deferred revenue mean?
- Revenue received from partners for referral services that have not yet been fully earned or delivered.