SoFi Technologies, Inc.
For the period ended Dec 31, 2025. Filed Feb 17, 2026.
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FY2025 · Filed Feb 17, 2026
SOFI$16.37-2.3%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Consolidated Statements of Operations and Comprehensive Income (Loss)
(In Thousands, Except for Per Share Data)
| Year Ended December 31, | |||
|---|---|---|---|
| 2025 | 2024 | 2023 | |
| Interest income | |||
| Loans and securitizations | $3,146,296 | $2,601,988 | $1,944,128 |
| Other | 228,903 | 205,829 | 106,939 |
| Total interest income | 3,375,199 | 2,807,817 | 2,051,067 |
| Interest expense | |||
| Securitizations and warehouses | 95,824 | 112,398 | 244,220 |
| Deposits | 1,014,043 | 930,154 | 507,820 |
| Corporate borrowings | 45,723 | 48,346 | 36,833 |
| Other | 653 | 438 | 454 |
| Total interest expense | 1,156,243 | 1,091,336 | 789,327 |
| Net interest income | 2,218,956 | 1,716,481 | 1,261,740 |
| Noninterest income | |||
| Loan origination, sales, securitizations and servicing | 242,947 | 278,114 | 409,140 |
| Technology products and solutions | 360,903 | 350,810 | 323,972 |
| Loan platform fees | 575,911 | 141,608 | 33,602 |
| Other | 214,637 | 187,846 | 94,335 |
| Total noninterest income | 1,394,398 | 958,378 | 861,049 |
| Total net revenue | 3,613,354 | 2,674,859 | 2,122,789 |
| Provision for credit losses | 30,319 | 31,712 | 54,945 |
| Noninterest expense | |||
| Technology and product development | 648,332 | 551,787 | 511,419 |
| Sales and marketing | 1,095,412 | 796,293 | 719,400 |
| Cost of operations | 608,998 | 461,633 | 379,998 |
| General and administrative | 704,436 | 600,089 | 511,011 |
| Goodwill impairment | — | — | 247,174 |
| Total noninterest expense | 3,057,178 | 2,409,802 | 2,369,002 |
| Income (loss) before income taxes | 525,857 | 233,345 | (301,158) |
| Income tax (expense) benefit | (44,537) | 265,320 | 416 |
| Net income (loss) | $481,320 | $498,665 | $(300,742) |
| Other comprehensive income (loss) | |||
| Unrealized gains (losses) on available-for-sale securities, net | 19,699 | (7,158) | 6,410 |
| Foreign currency translation adjustments, net | (355) | 2 | 677 |
| Total other comprehensive income (loss) | 19,344 | (7,156) | 7,087 |
| Comprehensive income (loss) | $500,664 | $491,509 | $(293,655) |
| Earnings (loss) per share (Note 19) | |||
| Earnings (loss) per share – basic | $0.42 | $0.46 | $(0.36) |
| Earnings (loss) per share – diluted | $0.39 | $0.39 | $(0.36) |
| Weighted average common stock outstanding – basic | 1,150,140 | 1,050,219 | 945,024 |
| Weighted average common stock outstanding – diluted | 1,251,767 | 1,101,390 | 945,024 |
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