Discontinued — last reported Q2 '23
Software licenses — Total revenue from contracts with customers
SoFi Technologies, Inc. Software licenses — Total revenue from contracts with customers increased by 191.8% to $1.96M in Q2 2023 compared to the prior quarter. Year-over-year, this metric grew by 251.4%, from $558.00K to $1.96M. This is a positive signal — higher values indicate stronger performance for this metric.
Analysis
How to read this metric
An increase indicates successful adoption of the company's technology platform by external partners, suggesting strong B2B growth and platform stickiness. A decrease may signal increased competition in the fintech-as-a-service market or a slowdown in enterprise technology spending.
Detailed definition
This metric represents the total revenue recognized from the licensing of proprietary software platforms to third-party...
Peer comparison
Comparable to SaaS subscription or platform licensing revenue reported by other fintech infrastructure providers and financial technology companies.
sofi_segment_software_licenses_total_revenue_from_contracts_with_customersHistorical Data
| Q2 '21 | Q3 '21 | Q4 '21 | Q1 '22 | Q2 '22 | Q3 '22 | Q4 '22 | Q1 '23 | Q2 '23 | |
|---|---|---|---|---|---|---|---|---|---|
| Value | $0.00 | $0.00 | $0.00 | $700.00K | $558.00K | $561.00K | $3.70M | $672.00K | $1.96M |
| QoQ Change | — | — | — | — | -20.3% | +0.5% | +559.9% | -81.8% | +191.8% |
| YoY Change | — | — | — | — | — | — | — | -4.0% | +251.4% |
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Frequently Asked Questions
- What is SoFi Technologies, Inc.'s software licenses — total revenue from contracts with customers?
- SoFi Technologies, Inc. (SOFI) reported software licenses — total revenue from contracts with customers of $1.96M in Q2 2023.
- How has SoFi Technologies, Inc.'s software licenses — total revenue from contracts with customers changed year-over-year?
- SoFi Technologies, Inc.'s software licenses — total revenue from contracts with customers increased by 251.4% year-over-year, from $558.00K to $1.96M.
- What does software licenses — total revenue from contracts with customers mean?
- Revenue generated from selling or licensing the company's proprietary software technology to other businesses.