SoFi Technologies, Inc.

For the period ended Jun 30, 2025. Filed Aug 7, 2025.

About this filing

A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.

Jun 30, 2025 · Filed Aug 7, 2025

SOFI$16.37-2.3%Stored close · as of Nov 10, 2026

Extracted filing text, with the paragraph anchors used by the comparison.

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Contents

Condensed Consolidated Balance Sheets

	June 30,2025	December 31,2024
Assets
Cash and cash equivalents	$2,122,502	$2,538,293
Restricted cash and restricted cash equivalents	592,101	171,067
Investment securities (includes available-for-sale securities of $2,266,588 and $1,804,043 at fair value with associated amortized cost of $2,255,505 and $1,807,686, as of June 30, 2025 and December 31, 2024, respectively)	2,374,810	1,895,689
Loans held for sale (includes $20.0 billion and $17.7 billion at fair value, as of June 30, 2025 and December 31, 2024, respectively)	20,063,089	17,684,892
Loans held for investment, at fair value	10,741,641	8,597,368
Loans held for investment, at amortized cost (less allowance for credit losses of $47,838 and $46,684, as of June 30, 2025 and December 31, 2024, respectively)	1,413,385	1,246,458
Servicing rights	375,006	342,128
Property, equipment and software	354,755	287,869
Goodwill	1,393,505	1,393,505
Intangible assets	263,522	297,794
Operating lease right-of-use assets	77,213	81,219
Other assets (less allowance for credit losses of $3,178 and $2,444, as of June 30, 2025 and December 31, 2024, respectively)	1,340,642	1,714,669
Total assets	$41,112,171	$36,250,951
Liabilities and permanent equity
Liabilities:
Deposits:
Interest-bearing deposits	$29,411,104	$25,861,400
Noninterest-bearing deposits	129,570	116,804
Total deposits	29,540,674	25,978,204
Accounts payable, accruals and other liabilities	676,293	556,923
Operating lease liabilities	91,434	97,389
Debt	3,942,636	3,092,692
Residual interests classified as debt	554	609
Total liabilities	34,251,591	29,725,817
Commitments, guarantees, concentrations and contingencies (Note 14)
Permanent equity:
Common stock, $0.00 par value: 3,100,000,000 and 3,100,000,000 shares authorized; 1,113,442,968 and 1,095,357,781 shares issued and outstanding, as of June 30, 2025 and December 31, 2024, respectively(1)	111	109
Additional paid-in capital	7,994,095	7,838,988
Accumulated other comprehensive income (loss)	3,593	(8,365)
Accumulated deficit	(1,137,219)	(1,305,598)
Total permanent equity	6,860,580	6,525,134
Total liabilities and permanent equity	$41,112,171	$36,250,951

(1)Includes 100,000,000 non-voting common shares authorized andno non-voting common shares issued and outstanding as of June 30, 2025 and December 31, 2024. See Note 9. Equity for additional information.

Condensed Consolidated Balance Sheets (Continued)

The following table presents the assets and liabilities of consolidated VIEs which are included in our condensed consolidated balance sheets. The assets in the below table may only be used to settle obligations of consolidated VIEs and are in excess of those obligations as of the dates presented. Additionally, the assets and liabilities in the table below exclude intercompany balances, which eliminate upon consolidation. See Note 6. Securitization and Variable Interest Entities for additional information.

	June 30,2025	December 31,2024
Assets
Restricted cash and restricted cash equivalents	$7,157	$20,719
Loans held for sale, at fair value	45,351	171,421
Loans held for investment, at fair value	73,273	80,812
Total assets	$125,781	$272,952
Liabilities
Accounts payable, accruals and other liabilities	$177	$117
Debt	59,747	80,878
Residual interests classified as debt	554	609
Total liabilities	$60,478	$81,604

ContentsView on SEC.gov

The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.