SoFi Technologies, Inc.
For the period ended Sep 30, 2025. Filed Nov 6, 2025.
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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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Condensed Consolidated Statements of Operations and Comprehensive Income
(In Thousands, Except for Per Share Data)
| Three Months Ended September 30, | Nine Months Ended September 30, | |||
|---|---|---|---|---|
| 2025 | 2024 | 2025 | 2024 | |
| Interest income | ||||
| Loans and securitizations | $830,156 | $671,976 | $2,281,894 | $1,913,265 |
| Other | 61,405 | 51,398 | 165,884 | 150,615 |
| Total interest income | 891,561 | 723,374 | 2,447,778 | 2,063,880 |
| Interest expense | ||||
| Securitizations and warehouses | 29,849 | 31,093 | 87,643 | 89,376 |
| Deposits | 264,901 | 248,292 | 723,532 | 691,558 |
| Corporate borrowings | 11,595 | 12,871 | 34,527 | 36,307 |
| Other | 102 | 108 | 399 | 327 |
| Total interest expense | 306,447 | 292,364 | 846,101 | 817,568 |
| Net interest income | 585,114 | 431,010 | 1,601,677 | 1,246,312 |
| Noninterest income | ||||
| Loan origination, sales, securitizations and servicing | 65,431 | 80,012 | 189,091 | 205,517 |
| Technology products and solutions | 89,707 | 90,896 | 266,940 | 262,434 |
| Loan platform fees | 164,897 | 55,641 | 385,052 | 78,373 |
| Other | 56,451 | 39,562 | 145,543 | 148,098 |
| Total noninterest income | 376,486 | 266,111 | 986,626 | 694,422 |
| Total net revenue | 961,600 | 697,121 | 2,588,303 | 1,940,734 |
| Provision for credit losses | 9,199 | 6,013 | 24,912 | 24,835 |
| Noninterest expense | ||||
| Technology and product development | 167,144 | 139,714 | 475,496 | 402,801 |
| Sales and marketing | 286,878 | 214,904 | 789,798 | 567,032 |
| Cost of operations | 161,423 | 123,714 | 447,380 | 333,478 |
| General and administrative | 188,405 | 148,921 | 510,192 | 439,167 |
| Total noninterest expense | 803,850 | 627,253 | 2,222,866 | 1,742,478 |
| Income before income taxes | 148,551 | 63,855 | 340,525 | 173,421 |
| Income tax expense | (9,159) | (3,110) | (32,754) | (7,229) |
| Net income | $139,392 | $60,745 | $307,771 | $166,192 |
| Other comprehensive income | ||||
| Unrealized gains on available-for-sale securities, net | 6,183 | 9,029 | 18,973 | 9,070 |
| Foreign currency translation adjustments, net | (228) | 563 | (1,060) | 248 |
| Total other comprehensive income | 5,955 | 9,592 | 17,913 | 9,318 |
| Comprehensive income | $145,347 | $70,337 | $325,684 | $175,510 |
| Earnings per share (Note 15) | ||||
| Earnings per share – basic | $0.12 | $0.06 | $0.27 | $0.14 |
| Earnings per share – diluted | $0.11 | $0.05 | $0.25 | $0.08 |
| Weighted average common stock outstanding – basic | 1,171,205 | 1,071,160 | 1,125,670 | 1,037,579 |
| Weighted average common stock outstanding – diluted | 1,291,011 | 1,104,450 | 1,220,053 | 1,078,402 |
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