Discontinued — last reported Q4 '22
Technology services — Total revenue from contracts with customers
SoFi Technologies, Inc. Technology services — Total revenue from contracts with customers decreased by 4.7% to $77.64M in Q4 2022 compared to the prior quarter. Year-over-year, this metric grew by 51.4%, from $51.29M to $77.64M. This decline may warrant attention — for this metric, higher values are generally preferred.
Analysis
How to read this metric
An increase indicates growing adoption of the technology platform and higher transaction volumes processed for partners, whereas a decrease signals potential churn or reduced client activity.
Detailed definition
This metric measures the gross revenue recognized from contracts with customers within the technology services segment,...
Peer comparison
Comparable to 'Technology Platform Revenue' or 'Processing and Service Fees' reported by companies operating B2B fintech infrastructure or banking-as-a-service platforms.
sofi_segment_technology_services_total_revenue_from_contracts_with_customersHistorical Data
| Q2 '21 | Q3 '21 | Q4 '21 | Q1 '22 | Q2 '22 | Q3 '22 | Q4 '22 | |
|---|---|---|---|---|---|---|---|
| Value | $44.95M | $49.95M | $51.29M | $59.16M | $81.11M | $81.47M | $77.64M |
| QoQ Change | — | +11.1% | +2.7% | +15.3% | +37.1% | +0.4% | -4.7% |
| YoY Change | — | — | — | — | +80.4% | +63.1% | +51.4% |
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Frequently Asked Questions
- What is SoFi Technologies, Inc.'s technology services — total revenue from contracts with customers?
- SoFi Technologies, Inc. (SOFI) reported technology services — total revenue from contracts with customers of $77.64M in Q4 2022.
- How has SoFi Technologies, Inc.'s technology services — total revenue from contracts with customers changed year-over-year?
- SoFi Technologies, Inc.'s technology services — total revenue from contracts with customers increased by 51.4% year-over-year, from $51.29M to $77.64M.
- What does technology services — total revenue from contracts with customers mean?
- The total gross revenue generated from technology platform fees and service contracts with external customers.