SoFi Technologies Inc (OQ:SOFI)
Business Focus: Consumer Lending
| Sector: Financials | Industry: Consumer Lending |
| See Regulatory Filings on SEC | |
| Company Contact | |
| Address: | 234 1st Street SAN FRANCISCO CA 94105 |
| Tel: | N/A |
| Website: | https://www.sofi.com |
| IR: | See website |
| Key People | ||
| Anthony J. Noto Chief Executive Officer, Director | Christopher Lapointe Chief Financial Officer | Derek White Chief Executive Officer of Galileo and Head of SoFi International |
| Jeremy Rishel Chief Technology Officer | Lauren Stafford Webb Chief Marketing Officer | Arun Pinto Chief Risk Officer | Robert S. Lavet General Counsel, Company Secretary |
| Business Overview |
| SoFi Technologies, Inc. is a provider of financial services. The Company, through its lending and financial services products, allows members to borrow, save, spend, invest, and protect their money. It operates through three segments: Lending, Technology Platform and Financial Services. The Lending Segment offers personal loans, student loans, home loans and related servicing. Its platform supports the full transaction lifecycle, including credit application, underwriting, approval, funding, and servicing. The Technology Platform segment provide technology platform services through a diversified suite of offerings which include an event and authorization platform accessed via application programming interfaces, a cloud-native digital and core banking platform and services related to both platforms. The Financial Services segment include SoFi Money, SoFi Invest, and other services, including SoFi Credit Card, Lantern Credit, SoFi Relay, SoFi Protect, and SoFi Travel. |
| Financial Overview |
| For the fiscal year ended 31 December 2023, SoFi Technologies Inc interest income increased from $773.4M to $2.05B. Net interest income after loan loss provision increased from $529.8M to $1.21B. Net loss applicable to common stockholders decreased 5% to $341.2M. Net interest income after loan loss provision reflects Lending segment increase of 81% to $960.8M, Net Interest Margin - Total - % increase of 9% to 5.88%. |
| Employees: | 4,400 as of Dec 31, 2023 |
| Reporting Currency: | U.S. Dollars |
| Enterprise value: | $10,506M as of Dec 31, 2023 |
| Annual revenue (TTM): | $2,051M as of Dec 31, 2023 |
| EBITDA (TTM): | $936.32M as of Dec 31, 2023 |
| Net annual income (TTM): | -$341.17M as of Dec 31, 2023 |
| Free cash flow (TTM): | -$7,369M as of Dec 31, 2023 |
| Net Debt Last Fiscal Year: | $2,156M as of Dec 31, 2023 |
| Shares outstanding: | 1,056,491,365 as of Mar 28, 2024 |
| TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization | |
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