For the year ending 2025-12-31, SOFI had $2,647,413K increase in cash & cash equivalents over the period. -$3,984,902K in free cash flow.
| Cash Flow | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 |
|---|---|---|---|---|
| Net income (loss) | 481,320 | 498,665 | -300,742 | -320,407 |
| Share-based compensation expense | 262,058 | 246,152 | 271,216 | 305,994 |
| Depreciation and amortization | 234,151 | 203,498 | 201,416 | 151,360 |
| Goodwill impairment | 0 | 0 | 247,174 | - |
| Deferred debt issuance and discount expense | 11,335 | 13,478 | 20,104 | 18,292 |
| Gain on extinguishment of convertible debt | 0 | 62,517 | 14,574 | - |
| Provision for credit losses | 30,319 | 31,712 | 54,945 | 54,332 |
| Deferred income taxes | 16,188 | -286,917 | -15,828 | -3,498 |
| Fair value changes in loans held for investment | 351,191 | 158,215 | 44,007 | - |
| Fair value changes in residual interests classified as debt | - | - | 425 | 6,608 |
| Fair value changes in securitization investments | 1,963 | 2,842 | 48 | -13,600 |
| Fair value changes in warrant liabilities | - | - | 0 | 0 |
| Equity method investment earnings | - | - | 0 | 0 |
| Accretion of seller note interest expense | - | - | - | 0 |
| Other | -13,759 | -10,039 | 14,046 | -13,426 |
| Changes in loans held for sale, net | 5,270,873 | 2,389,404 | 7,779,008 | 7,463,474 |
| Changes in accrued interest on loans | 45,312 | - | - | - |
| Changes in loans previously classified as held for sale, net | -874,011 | -1,373,101 | -140,856 | - |
| Changes in servicing assets | 36,050 | 161,659 | 31,604 | -18,405 |
| Accounts payable, accruals and other liabilities | - | 23,552 | 42,088 | 6,365 |
| Related party notes receivable interest income | - | - | 0 | 0 |
| Changes in other assets | 100,666 | 458,450 | 5,506 | 56,861 |
| Changes in other liabilities | 140,456 | - | - | - |
| Net cash used in operating activities | -3,742,458 | -1,119,807 | -7,227,139 | -7,255,858 |
| Purchases of property, equipment and software | 242,444 | 154,265 | 111,409 | 93,201 |
| Capitalized software development costs | 8,673 | 9,352 | 9,783 | 10,532 |
| Purchases of available-for-sale investments | 1,668,262 | 2,190,545 | 800,507 | 44,974 |
| Proceeds from sales of available-for-sale investments | 521,982 | 185,537 | 265,634 | 23,497 |
| Proceeds from maturities and paydowns of available-for-sale investments | 549,555 | 807,804 | 153,828 | 15,240 |
| Purchases of loans held for investment | 2,082,827 | - | - | - |
| Proceeds from sales of loans held for investment | 392,607 | 677,587 | - | - |
| Other changes in loans held for investment, net | 4,199,268 | 4,183,379 | 1,362,418 | 173,728 |
| Proceeds from securitization investments | 78,074 | 79,799 | 108,291 | 118,825 |
| Proceeds from non-securitization investments | 41,897 | 3,576 | 5,354 | 0 |
| Purchases of non-securitization investments | 101,748 | 37,752 | 66,553 | 0 |
| Acquisition of businesses, net of cash acquired | - | - | - | 58,540 |
| Related party notes receivable issuances | - | - | - | 0 |
| Acquisition of businesses, net of cash acquired | 0 | 0 | 72,301 | - |
| Proceeds from repayment of related party notes receivable | - | - | 0 | 0 |
| Net cash used in investing activities | -6,719,107 | -4,820,990 | -1,889,864 | -106,333 |
| Net change in deposits | 11,248,505 | 6,954,484 | 11,231,904 | 7,152,975 |
| Proceeds from issuance of common stock | 3,185,618 | - | - | 0 |
| Purchases of common stock | - | - | 0 | 0 |
| Payment of common stock issuance costs | 3,278 | - | 0 | 0 |
| Redemptions of redeemable common and preferred stock | - | - | 0 | 0 |
| Net change in debt facilities | -1,256,883 | -1,982,644 | 180,554 | 1,418,456 |
| Proceeds from business combination and pipe investment | - | - | 0 | 0 |
| Proceeds from other debt issuances | 0 | 845,250 | 339,995 | 439,990 |
| Payment of costs directly attributable to the issuance of common stock in connection with business combination and pipe investment | - | - | 0 | 0 |
| Repayment of other debt | 29,064 | 352,797 | 799,859 | 516,363 |
| Proceeds from warrant exercises | - | - | 0 | 0 |
| Payment of debt issuance costs | 2,981 | 7,620 | 11,903 | 8,287 |
| Purchase of capped calls | 0 | 90,649 | 0 | 0 |
| Unwind of capped calls | 0 | 10,180 | - | - |
| Taxes paid related to net share settlement of share-based awards | 64,986 | 22,601 | 15,300 | 8,983 |
| Proceeds from stock option exercises | 6,935 | 21,407 | 1,145 | 2,610 |
| Proceeds from issuance of common stock under the espp | 26,233 | - | - | - |
| Payment of redeemable preferred stock dividends | 0 | 16,503 | 40,425 | 40,425 |
| Redemption of series 1 preferred stock | 0 | 323,400 | - | - |
| Note receivable principal repayments from stockholder | - | - | - | 0 |
| Finance lease principal payments | 766 | 530 | 509 | 488 |
| Net cash provided by financing activities | 13,109,333 | 5,034,577 | 10,885,602 | 8,439,485 |
| Effect of exchange rates on cash and cash equivalents | -355 | 2 | 677 | 571 |
| Net increase (decrease) in cash, cash equivalents, restricted cash and restricted cash equivalents | 2,647,413 | -906,218 | 1,769,276 | 1,077,865 |
| Cash and cash equivalents at beginning of period | 2,709,360 | 3,615,578 | 1,846,302 | 768,437 |
| Cash and cash equivalents at end of period | 5,356,773 | 2,709,360 | 3,615,578 | 1,846,302 |
SoFi Technologies, Inc. (SOFI)
SoFi Technologies, Inc. (SOFI)