SoFi Technologies, Inc.

For the period ended Sep 30, 2025. Filed Nov 6, 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.

Sep 30, 2025 · Filed Nov 6, 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

	September 30,2025	December 31,2024
Assets
Cash and cash equivalents	$3,246,351	$2,538,293
Restricted cash and restricted cash equivalents	500,096	171,067
Investment securities (includes available-for-sale securities of $2,393,242 and $1,804,043 at fair value with associated amortized cost of $2,375,811 and $1,807,686, as of September 30, 2025 and December 31, 2024, respectively)	2,512,437	1,895,689
Loans held for sale (includes $21.5 billion and $17.7 billion at fair value, as of September 30, 2025 and December 31, 2024, respectively)	21,587,350	17,684,892
Loans held for investment, at fair value	11,827,987	8,597,368
Loans held for investment, at amortized cost (less allowance for credit losses of $50,634 and $46,684, as of September 30, 2025 and December 31, 2024, respectively)	1,483,950	1,246,458
Servicing rights	383,526	342,128
Property, equipment and software	386,629	287,869
Goodwill	1,393,505	1,393,505
Intangible assets	247,845	297,794
Operating lease right-of-use assets	79,419	81,219
Other assets (less allowance for credit losses of $3,120 and $2,444, as of September 30, 2025 and December 31, 2024, respectively)	1,644,355	1,714,669
Total assets	$45,293,450	$36,250,951
Liabilities and permanent equity
Liabilities:
Deposits:
Interest-bearing deposits	$32,805,663	$25,861,400
Noninterest-bearing deposits	140,736	116,804
Total deposits	32,946,399	25,978,204
Accounts payable, accruals and other liabilities	759,612	556,923
Operating lease liabilities	93,004	97,389
Debt	2,713,942	3,092,692
Residual interests classified as debt	530	609
Total liabilities	36,513,487	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; 1,204,569,655 and 1,095,357,781 shares issued and outstanding, as of September 30, 2025 and December 31, 2024, respectively(1)	120	109
Additional paid-in capital	9,768,122	7,838,988
Accumulated other comprehensive income (loss)	9,548	(8,365)
Accumulated deficit	(997,827)	(1,305,598)
Total permanent equity	8,779,963	6,525,134
Total liabilities and permanent equity	$45,293,450	$36,250,951

(1)Includes 100,000,000 non-voting common shares authorized andno non-voting common shares issued and outstanding as of September 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.

	September 30,2025	December 31,2024
Assets
Restricted cash and restricted cash equivalents	$2,098	$20,719
Loans held for sale, at fair value	—	171,421
Loans held for investment, at fair value	69,333	80,812
Total assets	$71,431	$272,952
Liabilities
Accounts payable, accruals and other liabilities	$91	$117
Debt	56,905	80,878
Residual interests classified as debt	530	609
Total liabilities	$57,526	$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.