SoFi Technologies
Income Statement
Last updated:
Income statement is a financial statement that shows how profitable a business was over a given reporting period presenting its revenue, expenses or net income. SoFi Technologies's past years’ income statements indicate that its last revenue has increased compared to the previous period by 31% to $2,067,844,000. The net income raised on -$300,742,000 and profit margin reached -15%. Total operating expenses were $2,257,352,999.
Profit Margin
| 2017 | 506.70M | 50.08M | 9.88% |
|---|---|---|---|
| 2018 | 269.39M | -252.39M | -93.69% |
| 2019 | 442.65M | -239.69M | -54.15% |
| 2020 | 565.53M | -224.05M | -39.62% |
| 2021 | 984.87M | -483.93M | -49.14% |
| 2022 | 1.57B | -320.40M | -20.36% |
| 2023 | 2.06B | -300.74M | -14.54% |
SOFI Income Statement (2017 – 2023)
| 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|
Revenue | |||||||
Revenue | 2.06B | 1.57B | 984.87M | 565.53M | 442.65M | 269.39M | 506.70M |
Cost of revenue | 0 | 870.58M | 634.63M | 0 | 279.74M | 0 | 0 |
Gross profit | 0 | 702.95M | 350.23M | 0 | 162.91M | 269.39M | 0 |
Operating exp. | |||||||
Research and development | 515.66M | 405.25M | 276.08M | 201.19M | 147.45M | 0 | 68.25M |
Selling and marketing | 692.61M | 617.82M | 426.87M | 268.53M | 266.19M | 212.60M | 211.18M |
Total operating expenses | 2.25B | 1.52B | -1.46B | 916.35M | -682.25M | -192.20M | 449.07M |
Operating income | -189.50M | -129.44M | -481.17M | -350.82M | -239.59M | 77.19M | 57.63M |
Other income (expenses), net | -111.64M | -189.27M | -110.34M | 22.30M | -278.35M | -330.55M | -7.55M |
Income before tax | -301.15M | -318.72M | -481.17M | -328.52M | -239.59M | -253.35M | 376.14M |
Income tax expense | -416K | 1.68M | 2.76M | -104.46M | 98K | -958K | 368.00M |
Net income | -300.74M | -320.40M | -483.93M | -224.05M | -239.69M | -252.39M | 50.08M |
Earnings per share | |||||||
Basic EPS | -0.36 | -0.36 | -0.92 | -2.73 | -2.38 | -2.17 | 1.35 |
Diluted EPS | -0.36 | -0.36 | -0.92 | -2.73 | -2.38 | -2.17 | 1.35 |
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