SoFi Technologies, Inc.
- Open
- 17.75
- Day high
- 17.96
- Day low
- 17.55
- Prev close
- 18.06
- Volume
- 36.1M
- Mkt cap
- $23.1B
- P/E (TTM)
- 35.1
- EPS (TTM)
- $0.51
- P/B
- 2.1
- P/S
- 4.1
- Yield
- —
- Per share
- —
- ▼Insiders net selling -$2.2M over the last 3 months (1 open-market buy, 5 sales)
- 🏛Institutions accumulating (13F)
SoFi Technologies, Inc. (SOFI) is a Financial Services company listed on NASDAQ. The stock is down 28% over the past year. Over the trailing 3 months, insiders filed 1 open-market buy and 5 sales (SEC Form 4).
SoFi Technologies, Inc. (SOFI) financials & analyst ratings
Fundamentals (TTM)
Analyst consensus · 7 analysts
Source: exchange market data + company filings. Figures are trailing-twelve-month or as most recently reported. For informational purposes only — not investment advice.
SOFI earnings date, history & EPS estimates
| Report date | EPS est | EPS actual | Surprise | Revenue | Rev. surprise |
|---|---|---|---|---|---|
| Jul 29, 2026 | $0.11 | $0.12 | +9.1% | $1.2B | +8.1% |
| Apr 29, 2026 | $0.12 | $0.12 | +0.0% | $1.1B | +3.8% |
| Jan 30, 2026 | $0.12 | $0.13 | +12.7% | $1.0B | +4.9% |
| Oct 28, 2025 | $0.08 | $0.11 | +32.0% | $962M | +8.2% |
| Jul 29, 2025 | $0.06 | $0.08 | +30.3% | $855M | +6.3% |
| Apr 29, 2025 | $0.03 | $0.06 | +84.0% | $772M | +4.4% |
| Jan 27, 2025 | $0.04 | $0.05 | +25.0% | $734M | +3.3% |
| Jan 29, 2024 | $0.00 | $0.02 | +385.4% | $601M | +5.1% |
| May 1, 2023 | $-0.07 | $-0.05 | +28.6% | $472M | +7.1% |
| Jan 30, 2023 | $-0.09 | $-0.05 | +44.4% | $457M | +3.2% |
| Nov 1, 2022 | $-0.10 | $-0.09 | +10.0% | $424M | +7.8% |
| Aug 2, 2022 | $-0.13 | $-0.12 | +7.7% | $363M | +6.4% |
SOFI insider trading activity (SEC Form 4)
| Date | Insider | Type | Shares | Price |
|---|---|---|---|---|
| Aug 24, 2026 | Keough Kelliofficer: EVP, GBUL, SIPS | Sell | 11,286 | $18.00 |
| Aug 19, 2026 | Pinto Arunofficer: Chief Risk Officer | Option | 45,389 | — |
| Aug 19, 2026 | Schuppenhauer Ericofficer: EVP GBUL Borrow | Tax | 23,720 | $18.00 |
| Aug 19, 2026 | Pinto Arunofficer: Chief Risk Officer | Tax | 25,118 | $18.00 |
| Aug 19, 2026 | Schuppenhauer Ericofficer: EVP GBUL Borrow | Option | 55,731 | — |
| Jul 27, 2026 | Borden William A.director | Grant | 13,993 | — |
| Jul 27, 2026 | Liang Claradirector | Grant | 13,993 | — |
| Jul 27, 2026 | YESIL MAGDALENAdirector | Grant | 13,993 | — |
| Jul 27, 2026 | Hele John C.R.director | Grant | 13,993 | — |
| Jul 27, 2026 | Freiberg Steven Jdirector | Grant | 13,993 | — |
| Jul 27, 2026 | HUTTON GEORGE THOMPSONdirector | Grant | 13,993 | — |
| Jul 27, 2026 | Green Dana R.director | Grant | 13,993 | — |
| Jul 27, 2026 | Meltzer Garydirector | Grant | 13,993 | — |
| Jul 27, 2026 | Ruzwana Bashirdirector | Grant | 13,993 | — |
| Jul 21, 2026 | Keough Kelliofficer: EVP, GBUL, SIPS | Sell | 10,954 | $17.19 |
Source: SOFI SEC Form 4 filings, latest Aug 24, 2026. For informational purposes only — not investment advice.
See the full SOFI insider & 13F page →SoFi Technologies, Inc. company profile
Overview
SoFi Technologies, Inc. (NASDAQ:SOFI) is a digital financial services company founded in 2011 and headquartered in San Francisco, California. Originally established as a student loan refinancing platform, SoFi has evolved into a comprehensive financial technology company offering lending, banking, investment, and technology platform services. The company went public in January 2021 and has since transformed from a lending-focused business into a diversified financial services provider with over 10 million members. SoFi obtained a national bank charter in 2022, enabling it to offer traditional banking services while maintaining its technology-forward approach to financial services.
Business
SoFi operates as a digital-first financial services company that provides a comprehensive suite of financial products through three main business segments. The company serves consumers seeking modern alternatives to traditional banking and financial services, leveraging technology to offer streamlined experiences across multiple financial needs. **Financial Services Segment** (approximately 40% of revenue): This segment includes SoFi's banking and investment products. SoFi Money is the company's cash management product that functions as a high-yield savings account with features like direct deposit, bill pay, and mobile banking. SoFi Invest provides brokerage services for stock and ETF trading, cryptocurrency trading, and alternative investments. The segment also includes SoFi Relay, a personal finance management tool, and emerging products like credit cards and insurance offerings. This segment has shown rapid growth, with revenue increasing significantly year-over-year as SoFi expands its product offerings and improves monetization. **Lending Segment** (approximately 55% of revenue): SoFi's original business focuses on various loan products including student loan refinancing, personal loans for debt consolidation and home improvement, and home loans including mortgages and home equity lines of credit. The company emphasizes serving high-quality borrowers with strong credit profiles. Additionally, SoFi operates a Loan Platform Business (LPB) where it originates loans on behalf of institutional partners, generating fee-based revenue without retaining credit risk. **Technology Platform Segment** (approximately 15% of revenue): This segment includes Galileo, a payment processing platform that provides APIs and infrastructure services to fintech companies and traditional financial institutions, enabling them to launch card programs and digital banking services. Technisys offers a cloud-based core banking platform that helps financial institutions modernize their technology infrastructure. Apex provides investment custody and clearing services for digital investment platforms. These B2B services generate recurring revenue from transaction fees and platform usage.
Revenue model
SoFi generates revenue through multiple business models across its three segments, creating diversified income streams that reduce dependence on any single revenue source. In the **Financial Services segment**, SoFi earns money through interchange fees from debit card transactions, net interest income from deposits (the spread between what it pays depositors and earns on loans), investment management fees from assets under management, and transaction fees from trading activities. The company also generates subscription revenue from SoFi Plus, a premium membership service. As deposit balances grow and product usage increases, this segment benefits from improved economies of scale and higher per-customer monetization. The **Lending segment** operates through two primary models. For loans held on balance sheet, SoFi earns net interest income - the difference between loan yields and funding costs. For the Loan Platform Business, SoFi generates fee-based revenue by originating loans for institutional partners, earning origination fees and servicing income without credit risk exposure. The company also sells loan portfolios to investors, generating gain-on-sale revenue. The **Technology Platform segment** earns recurring revenue through transaction-based fees, subscription fees for software platforms, and usage-based pricing models. Galileo charges fees per transaction processed, while Technisys generates subscription revenue from financial institutions using its core banking platform. **Factors affecting margins** include interest rate environments (higher rates improve lending spreads but increase deposit costs), credit performance (loan losses directly impact profitability), competitive pressures in deposit pricing, regulatory changes affecting banking operations, and the company's ability to cross-sell products to existing members. Economic downturns could increase credit losses and reduce loan demand, while favorable conditions support loan growth and improved credit performance. The company's shift toward fee-based revenue sources helps reduce sensitivity to interest rate fluctuations and credit cycles.
Competitive moat
SoFi's competitive moat is moderate and primarily stems from its integrated financial services ecosystem and technology infrastructure, though it faces significant competitive pressures in most of its markets. The company's strongest defensive position lies in its **integrated member ecosystem**. Once customers adopt multiple SoFi products - such as using SoFi Money for banking, SoFi Invest for trading, and SoFi loans for borrowing - switching costs increase due to the convenience of having financial services consolidated in one platform. This cross-selling dynamic creates higher customer lifetime value and stickier relationships. SoFi's focus on high-income, educated consumers also provides some protection, as this demographic tends to be less price-sensitive and more loyal to brands that offer superior user experience. The **Technology Platform segment** offers the most durable competitive advantages. Galileo has established relationships with numerous fintech companies and switching costs are high due to the complexity of payment processing integrations. However, this market faces competition from established players like FIS and emerging competitors. **Significant competitive threats** exist across all segments. In lending, SoFi competes with traditional banks, credit unions, and numerous fintech lenders, many of which have lower cost structures or more aggressive pricing. The personal loan market is particularly commoditized. In financial services, SoFi faces competition from established players like Charles Schwab, Fidelity, and newer entrants like Robinhood for investment services, while competing with high-yield savings offerings from Marcus, Ally, and others for deposits. The company's banking charter provides some regulatory advantages, but many competitors have similar capabilities. The company's moat is weakening in some areas as competitors rapidly adopt similar digital-first approaches and offer competitive rates. SoFi's brand recognition, while growing, remains limited compared to established financial institutions. The company's success depends heavily on execution, continued innovation, and its ability to maintain superior user experience while managing costs effectively.
Risks & safety
**Overall Assessment**: SoFi presents a moderate margin of safety with strong liquidity but elevated valuation metrics and some operational cash flow concerns. **Liquidity and Solvency:** 1. Strong cash position with $2.1 billion in cash and short-term investments as of Q1 2025 2. Debt-to-equity ratio of 0.47, indicating manageable leverage levels 3. No significant near-term solvency concerns given banking charter and deposit base 4. Current ratio limitations due to banking business model structure **Valuation Metrics:** 1. Price-to-earnings ratio of 44.9x (Q1 2025) appears elevated for current growth trajectory 2. EV/EBITDA of 25.6x suggests premium valuation 3. Price-to-book ratio of 1.9x reasonable for a growing financial services company 4. Graham number analysis indicates potential overvaluation at current levels **Operational Concerns:** 1. Negative free cash flow of -$33 million in Q1 2025, though improving from previous quarters 2. Historical pattern of significant negative operating cash flows, particularly in 2022-2023 3. Heavy investment phase may continue pressuring near-term cash generation 4. Credit quality remains strong but economic sensitivity could impact future performance **Other Considerations:** Banking regulation compliance costs, competitive pressure on deposit pricing, and execution risk in newer business segments like credit cards and loan platform expansion.
Recent development
Over the past few years, SoFi has executed a significant strategic transformation from a lending-focused company to a diversified financial services platform. The most pivotal development was **obtaining a national bank charter in 2022**, which enabled SoFi to offer traditional banking services, retain deposits on its balance sheet, and improve funding costs for its lending operations. The company has aggressively expanded its **Financial Services segment**, launching SoFi Money as a comprehensive cash management solution with features like Zelle integration, and significantly growing its deposit base to over $18 billion. SoFi Invest has been enhanced with alternative investment options and improved trading capabilities, while the company introduced **SoFi Plus**, a premium subscription service offering additional benefits to members. A major strategic initiative has been the development of the **Loan Platform Business (LPB)**, where SoFi originates loans for institutional partners without retaining credit risk. This fee-based model has gained significant traction with partnerships including a $2 billion agreement with Fortress and a $5 billion arrangement with Blue Owl Capital. This business model shift represents SoFi's move toward more capital-light, fee-based revenue generation. The **Technology Platform segment** has been strengthened through the acquisition of Technisys, which added core banking platform capabilities to complement Galileo's payment processing services. The company has focused on serving larger enterprise clients to improve revenue quality and durability. SoFi has also made substantial investments in **brand building and marketing**, including NFL stadium naming rights and athlete partnerships, resulting in significant increases in unaided brand awareness. The company has cautiously entered the credit card market with targeted product launches, while exploring expansion into small business banking and insurance services. Throughout this transformation, SoFi has maintained its focus on serving high-quality, affluent customers while building an integrated financial services ecosystem designed to increase customer lifetime value through cross-selling opportunities.
SOFI company profile · for informational purposes only — not investment advice.
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