SoFi Historical Income Statement
| SOFI Stock | USD 15.70 0.10 0.64% |
Historical analysis of SoFi Technologies income statement accounts such as Depreciation And Amortization of 101.2 M, Selling General Administrative of 370.8 M, Selling And Marketing Expenses of 461.9 M or Total Revenue of 1.1 B can show how well SoFi Technologies performed in making a profits. Evaluating SoFi Technologies income statement over time to spot trends is a great complementary tool to traditional technical analysis and can indicate the direction of SoFi Technologies's future profits or losses.
Financial Statement Analysis is much more than just reviewing and examining SoFi Technologies latest accounting reports to predict its past. Macroaxis encourages investors to analyze financial statements over time for various trends across multiple indicators and accounts to determine whether SoFi Technologies is a good buy for the upcoming year.
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About SoFi Income Statement Analysis
SoFi Technologies Income Statement consists of revenues and expenses along with the resulting net income or loss. It represents the profit for the accounting period attributable to SoFi Technologies shareholders. The income statement also shows SoFi investors and management if the firm made money during the period reported. The result of an income statement is the net income that is calculated after subtracting the expenses from revenue. It is essential to investors both as an absolute measure as well as earnings per share (i.e., EPS).
SoFi Technologies Income Statement Chart
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Total Revenue
Total revenue comprises all receipts SoFi Technologies generated from the sale of its products or services. The total amount of income generated by the sale of goods or services related to the company's primary operations.Gross Profit
Gross profit is a required income statement account that reflects total revenue of SoFi Technologies minus its cost of goods sold. It is profit before SoFi Technologies operating expenses, interest payments and taxes. Gross profit is also known as gross margin. The profit a company makes after deducting the costs associated with making and selling its products, or the costs associated with providing its services.Most accounts from SoFi Technologies' income statement are interrelated and interconnected. However, analyzing income statement accounts one by one will only give a small insight into SoFi Technologies current financial condition. On the other hand, looking into the entire matrix of income statement accounts, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out World Market Map to better understand how to build diversified portfolios, which includes a position in SoFi Technologies. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in census. For more detail on how to invest in SoFi Stock please use our How to Invest in SoFi Technologies guide.As of now, SoFi Technologies' Interest Income is increasing as compared to previous years. The SoFi Technologies' current Gross Profit is estimated to increase to about 2.2 B, while Net Loss is projected to decrease to (302.8 M).
| 2021 | 2022 | 2023 | 2024 (projected) | Interest Income | 355.0M | 773.4M | 2.1B | 2.2B | Net Interest Income | 252.2M | 584.1M | 1.3B | 1.3B |
SoFi Technologies income statement Correlations
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SoFi Technologies Account Relationship Matchups
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SoFi Technologies income statement Accounts
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
| Interest Expense | 278.4M | 185.6M | 102.8M | 189.3M | 789.3M | 828.8M | |
| Net Income Applicable To Common Shares | (263.6M) | (317.2M) | (483.9M) | (320.4M) | (288.4M) | (302.8M) | |
| Income Tax Expense | 98K | (104.5M) | 2.8M | 1.7M | 416K | 436.8K | |
| Tax Provision | 98K | (104.5M) | 2.8M | 1.7M | (416K) | (436.8K) | |
| Net Interest Income | 329.8M | 177.9M | 252.2M | 584.1M | 1.3B | 1.3B | |
| Interest Income | 608.2M | 55.1M | 355.0M | 773.4M | 2.1B | 2.2B | |
| Depreciation And Amortization | 16.0M | 69.8M | 101.6M | 152.1M | 201.4M | 101.2M | |
| Selling General Administrative | 152.3M | 237.4M | 498.5M | 501.6M | 511.0M | 370.8M | |
| Selling And Marketing Expenses | 266.2M | 276.6M | 426.9M | 617.8M | 719.4M | 461.9M | |
| Total Revenue | 442.7M | 565.5M | 984.9M | 1.6B | 2.1B | 1.1B | |
| Gross Profit | 162.9M | 115.6M | 350.2M | 703.0M | 2.1B | 2.2B | |
| Other Operating Expenses | 682.3M | 565.5M | 984.9M | 1.6B | 1.7B | 1.1B | |
| Operating Income | (239.6M) | (663.6K) | (378.4M) | (129.4M) | (300.3M) | (285.3M) | |
| Net Income From Continuing Ops | (239.7M) | (224.1M) | (483.9M) | (320.4M) | (300.7M) | (315.8M) | |
| Ebit | (239.6M) | (1.2B) | (378.4M) | (1.9B) | (300.3M) | (315.3M) | |
| Ebitda | (223.6M) | (258.7M) | (276.8M) | 21.9M | (300.3M) | (285.3M) | |
| Total Operating Expenses | (682.3M) | 565.5M | 984.9M | 1.6B | 1.7B | 1.8B | |
| Reconciled Depreciation | 16.0M | 69.8M | 101.6M | 151.4M | 201.4M | 101.0M | |
| Income Before Tax | (239.6M) | (328.5M) | (481.2M) | (318.7M) | (301.2M) | (316.2M) | |
| Total Other Income Expense Net | (278.4M) | 22.3M | (8.2M) | (189.3M) | (832K) | (873.6K) | |
| Net Income | (239.7M) | (224.1M) | (483.9M) | (320.4M) | (300.7M) | (315.8M) |
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When determining whether SoFi Technologies offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of SoFi Technologies' financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Sofi Technologies Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Sofi Technologies Stock:Check out World Market Map to better understand how to build diversified portfolios, which includes a position in SoFi Technologies. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in census. For more detail on how to invest in SoFi Stock please use our How to Invest in SoFi Technologies guide.You can also try the Idea Breakdown module to analyze constituents of all Macroaxis ideas. Macroaxis investment ideas are predefined, sector-focused investing themes.
Is Consumer Finance space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of SoFi Technologies. If investors know SoFi will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about SoFi Technologies listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share 0.12 | Revenue Per Share 2.472 | Quarterly Revenue Growth 0.341 | Return On Assets 0.0069 | Return On Equity 0.0372 |
The market value of SoFi Technologies is measured differently than its book value, which is the value of SoFi that is recorded on the company's balance sheet. Investors also form their own opinion of SoFi Technologies' value that differs from its market value or its book value, called intrinsic value, which is SoFi Technologies' true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because SoFi Technologies' market value can be influenced by many factors that don't directly affect SoFi Technologies' underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between SoFi Technologies' value and its price as these two are different measures arrived at by different means. Investors typically determine if SoFi Technologies is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, SoFi Technologies' price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.