SoFi Technologies, Inc. provides digital financial services. It operates through three segments: Lending, Technology Platform, and Financial Services. The company's lending and financial services and products allows its members to borrow, save, spend, invest, and protect their money. It offers student loans; personal loans for debt consolidation and home improvement projects; and home loans. The company also provides cash management, investment, and technology services. In addition, it operates Galileo, a technology platform that offers services to financial and non-financial institutions; and Apex, a technology enabled platform that provides investment custody and clearing brokerage services, as well as Technisys, a cloud-based digital multi-product core banking platform. The company was founded in 2011 and is headquartered in San Francisco, California.

SoFi Technologies, Inc.

Technisys

Galileo Financial Technologies

SoFi is a values-driven company on a mission to help our members get their money right. We create modern financial products and services that help people borrow, save, spend, invest, and protect their money better, so that they can achieve financial independence and realize their ambitions—from owning a home to saving for retirement, paying off their student loans, and more. 

CFL #6054612; NMLS #1121636 (www.nmlsconsumeraccess.org) Advisory services through SoFi LLC, a registered investment advisor. SoFi Checking and Savings is offered through SoFi Bank, N.A. Member FDIC. SoFi Money™ is offered through SoFi Securities LLC, member FINRA/SIPC.

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SoFi

Following a strong Q4, SoFi’s CEO shares his positive outlook for 2024👇 

"We're really bullish about our financial services segment which is growing quite well. We are expecting 75% YoY revenue growth in our financial services segment and 20% YoY revenue growth in the tech platform." 

Watch the full video to hear more from Anthony Noto on CNBC: https://lnkd.in/g-c2jszd

It’s no secret we’re a members-first app. So it should come as no surprise that SoFi Invest® is working hard to give our members access to alternative investments that the high net worth have traditionally enjoyed for decades—with no accreditation requirements.

Soon enough, members can start building and protecting their wealth with alternative funds that include commodities, private credit, pre-IPO unicorns, and more. That’ll help them with the opportunity to produce different returns compared to traditional investments (under similar market conditions), access companies with enhanced growth potential, and generate extra income from dividends.

Trade now: https://lnkd.in/gWBK5ZH4

Where is inflation headed in 2024? Tune into The Important Part with Liz Young for more on the cumulative effects of inflation and what it means for you and your wallet. 

Listen to the full episode ➡️ https://lnkd.in/g3-u-kud

At SoFi, we’re passionate about helping you Get Your Money Right and believe nobody should have to choose between making retirement contributions and making student loan payments. Through SoFi At Work, we’ve launched an employee benefit service enabling companies to match their employees' student loan payments in the form of 401(k) contributions.

This week we had an opportunity to participate in a forward-looking conversation at the White House. Bringing together members of the Biden Administration and leaders from across public and private sectors, we focused our discussion on leveraging the workplace to improve financial resilience, including employer-led student loan match programs like our own. We’re inspired by the collaboration and we are looking forward to fostering a brighter financial future for everyone in 2024 and beyond.

Kicked off the first week of the year with SoFi ringing the NYSE closing bell 🔔 Huge congrats to the SoFi Invest team on the launch of a new ETF!!

Tax season is the most dreaded time of year. But not this year, because SoFi is declaring it "match season" instead with a 2% IRA match on all contributions through Tax Day.* Learn how to get started! ➡️ https://lnkd.in/gsH7vmqP

It’s open-enrollment season! Do you know how much your employer’s life insurance covers? (Hint: It’s probably not enough.)

Many employer-provided group term life policies are based on salary and don’t consider the other assets and expenses that make up your finances. We’ve teamed up with Ladder to help make getting the right term life coverage easy and affordable.

✅ Try a coverage calculator or get a personalized quote for free.
✅ Apply online in minutes (no doctor’s exam required for policies of up to $3M).*
✅ Adjust your policy as your needs change.

Learn more about term life insurance and get a free quote 👉 https://lnkd.in/dXhAxRyi

Talk 🗣️ About 🗣️ Money 🗣️

In episode 5 of Richer Lives, Elaine Welteroth said this is the number one thing that puts you in a more powerful position when negotiating, and if you don’t negotiate you could be leaving an estimated $1 million to $1.5 million on the table over your lifetime.* Tap the link in our bio to watch the full episode on YouTube and don’t forget to subscribe!

Our Head of Investment Strategy, Liz Young went on CNBC last week to discuss stock market seasonality, the recent Fed meeting and Q3 Earnings reports. Don’t miss as she shares her perspective on what's in store for the remainder of the year ⤵️

Watch the full interview here: https://lnkd.in/gyX9pcGh

The #3 Ranked Business Podcast is back! 📣

Are you ready to learn more about building wealth through investing to achieve your financial goals? Our very own, Liz Young is back with Season 3 of The Important Part podcast where she’s unpacking topics related to managing your portfolio, retail investing, inflation, market cycles, real estate, and more!

Each episode, Liz speaks with industry experts like Ben Carlson, CFA and Gunjan Banerji armed with knowledge to help investors achieve their goals. Listen and subscribe to keep up with the latest! ⤵️

https://lnkd.in/gnCwvD_E

	Dec '18	Dec '19	Dec '20	Dec '21	Dec '22	Dec '23
revenue	269.40M -	442.66M 64.31%	565.53M 27.76%	984.87M 74.15%	1.57B 59.77%	2.05B 30.35%
cost of revenue
gross profit	269.40M -	442.66M 64.31%	565.53M 27.76%	984.87M 74.15%	1.57B 59.77%	2.05B 30.35%
selling and marketing expenses	212.60M -	266.20M 25.21%	276.58M 3.90%	426.88M 54.34%	617.82M 44.73%	719.40M 16.44%
general and administrative expenses	121.95M -	152.28M 24.87%	237.38M 55.89%	498.53M 110.01%	501.62M 0.62%	511.01M 1.87%
selling general and administrative expenses	334.55M -	418.47M 25.08%	513.96M 22.82%	925.41M 80.06%	1.12B 20.97%	1.23B 9.91%
research and development expenses				276.09M -	405.26M 46.79%	511.42M 26.20%
other expenses	-526.75M -	-1.10B 108.96%	-1.41B 27.92%	-2.39B 69.85%
cost and expenses	-192.20M -	-682.26M 254.97%	-894.05M 31.04%	-1.47B 63.98%	1.52B 204.00%	1.74B 14.24%
operating expenses	-192.20M -	-682.26M 254.97%	-894.05M 31.04%	-1.47B 63.98%	1.52B 204.00%	1.74B 14.24%
interest expense	330.55M -	278.36M 15.79%	185.61M 33.32%	102.78M 44.63%	189.28M 84.16%	789.33M 317.03%
ebitda	88.11M -	-223.64M 353.83%	-258.69M 15.67%	-379.61M 46.74%	21.91M 105.77%	-300.33M 1,470.48%
operating income	77.20M -	-239.60M 410.37%	-328.52M 37.11%	-481.18M 46.47%	-129.45M 73.10%	-300.33M 132.01%
depreciation and amortization	10.91M -	15.96M 46.22%	69.83M 337.68%	101.57M 45.45%	151.36M 49.02%
total other income expenses net	-330.55M -				-189.28M -	-832K 99.56%
income before tax	-253.36M -	-239.60M 5.43%	-328.52M 37.11%	-481.18M 46.47%	-318.72M 33.76%	-301.16M 5.51%
income tax expense	-958K -	98K 110.23%	-104.47M 106,700%	2.76M 102.64%	1.69M 38.91%	416K 75.33%
net income	-252.40M -	-239.70M 5.03%	-224.05M 6.53%	-483.94M 115.99%	-320.41M 33.79%	-300.74M 6.14%
weighted average shs out	116.15M -	116.15M 0%	116.15M 0%	526.73M 353.48%	900.89M 71.03%	945.02M 4.90%
weighted average shs out dil	116.15M -	116.15M 0%	116.15M 0%	526.73M 353.48%	900.89M 71.03%	945.02M 4.90%
eps	-2.17 -	-2.06 5.07%	-1.93 6.31%	-0.92 52.33%	-0.36 60.87%	-0.32 11.61%
epsdiluted	-2.17 -	-2.06 5.07%	-1.93 6.31%	-0.92 52.33%	-0.36 60.87%	-0.32 11.61%

COM:SOFI

SoFi Technologies, Inc.

Last Close

15.01

22/11 21:00

Market Cap

6.95B

Beta: -

Volume Today

300.55K

Avg: -

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