SoFi Technologies, Inc.
For the period ended Dec 31, 2025. Filed Feb 17, 2026.
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FY2025 · Filed Feb 17, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Summary Results by Segment
Contribution profit (loss) is the primary measure of segment-level profit and loss that, along with our key business metrics, is used by management to evaluate our business, measure our performance, identify trends and make strategic decisions. Contribution profit (loss) is defined as total net revenue for each reportable segment less expenses directly attributable to the reportable segment, provision for credit losses and, in the case of our Lending segment, adjusted for fair value adjustments attributable to assumption changes associated with our servicing rights and residual interests classified as debt. See the sections entitled“Consolidated Results of Operations”,“Summary Results by Segment” and“Non-GAAP Financial Measures”for discussion and analysis of these key financial measures.
The following table sets forth selected segment-level data:
| December 31, · 2025 vs. 2024 · 2024 vs. 2023 | |||||||
|---|---|---|---|---|---|---|---|
| 2025 | 2024 | 2023 | Change | % Change | Change | % Change | |
| Lending | |||||||
| Total net revenue | $1,848,949 | $1,485,222 | $1,370,621 | $363,727 | 24% | $114,601 | 8% |
| Directly attributable expenses | (810,106) | (588,507) | (513,073) | (221,599) | 38% | (75,434) | 15% |
| Contribution profit | 1,016,900 | 890,543 | 823,273 | 126,357 | 14% | 67,270 | 8% |
| Technology Platform | |||||||
| Total net revenue | $450,211 | $395,178 | $352,340 | $55,033 | 14% | $42,838 | 12% |
| Directly attributable expenses | (305,798) | (268,223) | (257,554) | (37,575) | 14% | (10,669) | 4% |
| Contribution profit | 144,413 | 126,955 | 94,786 | 17,458 | 14% | 32,169 | 34% |
| Financial Services | |||||||
| Total net revenue | $1,542,016 | $821,511 | $436,515 | $720,505 | 88% | $384,996 | 88% |
| Provision for credit losses | (30,329) | (31,659) | (54,945) | 1,330 | (4)% | 23,286 | (42)% |
| Directly attributable expenses | (718,778) | (482,845) | (381,832) | (235,933) | 49% | (101,013) | 26% |
| Contribution profit (loss) | 792,909 | 307,007 | (262) | 485,902 | 158% | 307,269 | n/m |
| Reportable segments total | |||||||
| Total net revenue | $3,841,176 | $2,701,911 | $2,159,476 | $1,139,265 | 42% | $542,435 | 25% |
| Provision for credit losses | (30,329) | (31,659) | (54,945) | 1,330 | (4)% | 23,286 | (42)% |
| Directly attributable expenses | (1,834,682) | (1,339,575) | (1,152,459) | (495,107) | 37% | (187,116) | 16% |
| Contribution profit | 1,954,222 | 1,324,505 | 917,797 | 629,717 | 48% | 406,708 | 44% |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.