SoFi (SOFI): Company Overview, Stock, Financials & Latest News

Quick Facts

Full Name	SoFi Technologies, Inc.
Ticker Symbol	NASDAQ: SOFI
Founded	2011, as Social Finance, Inc.
Founders	Mike Cagney, Dan Macklin, James Finnigan, and Ian Brady
Headquarters	San Francisco, California
CEO	Anthony Noto, since 2018
Industry	Digital banking, consumer lending, financial technology infrastructure
IPO	Became public in 2021 through a merger with a special purpose acquisition company
FY2025 Revenue	$3.58 billion, up 36 percent year over year
FY2025 Net Income	$481.3 million
Market Capitalization	Approximately $23 to $24 billion (as of early July 2026)
Dividend	None, SoFi does not currently pay a dividend
Stock Exchange	Nasdaq

What Is SoFi?

SoFi Technologies is a member focused digital financial services company that describes itself as an everything app for money. Through its mobile app and website, members can borrow, save, spend, invest, and protect their money in one place, rather than juggling separate apps for banking, investing, and lending.

SoFi operates a nationally chartered digital bank, SoFi Bank, and combines that banking license with a broad product lineup spanning personal loans, student loan refinancing, mortgages, credit cards, brokerage accounts, and insurance. It also runs a technology platform business, powering banking and card infrastructure for other companies through its Galileo and Technisys platforms.

Company History

SoFi began in the fall of 2011 as Social Finance, Inc., founded by four students at the Stanford Graduate School of Business. The original idea was simple: connect Stanford alumni willing to lend money with students who needed help paying for graduate school, starting with roughly $2 million raised from about 40 alumni investors. The model offered lower interest rates than federal student loans by underwriting based on future earning potential rather than only credit history.

Over the following years, SoFi expanded well beyond student loans, adding personal loans, mortgages, and wealth management products, and raising large funding rounds from investors including SoftBank, which valued the company above $1 billion by 2015. In 2017, cofounder and CEO Mike Cagney resigned amid allegations of workplace misconduct, and the board brought in Anthony Noto, a former Twitter and Goldman Sachs executive, to lead a cultural and strategic reset.

SoFi became a publicly traded company in 2021 through a merger with a special purpose acquisition company, and shortly after obtained a national bank charter, allowing it to hold deposits and issue loans directly through SoFi Bank rather than relying solely on partner banks. Since then, the company has continued to expand its technology platform business through acquisitions such as Galileo and Technisys, and has pushed into new areas including small business loans, an AI powered investing tool called Composer, and a bank issued stablecoin called SoFiUSD.

Founders

SoFi was founded in 2011 by four Stanford Graduate School of Business alumni:

• Mike Cagney, who served as SoFi’s first CEO and public face until his resignation in 2017. Cagney later founded Figure Technologies, a blockchain focused lending company.
• Dan Macklin, who helped lead early product development and went on to other financial technology ventures after leaving SoFi.
• James Finnigan, an early operating executive who was involved in scaling SoFi’s original lending business.
• Ian Brady, who contributed to SoFi’s early strategy before later pursuing other startups outside the company.

None of the four original founders remain in an active management or board role at SoFi today.

CEO

Anthony Noto has served as SoFi’s Chief Executive Officer since 2018, when the board recruited him following Mike Cagney’s departure. Noto previously served as Chief Operating Officer and Chief Financial Officer of Twitter, and before that spent nearly a decade at Goldman Sachs, including as co head of global technology, media, and telecommunications investment banking. He is a graduate of the United States Military Academy at West Point and holds an MBA from the Wharton School.

Under Noto’s leadership, SoFi has moved from a single product student loan company to a diversified digital bank, secured a national bank charter, and returned the company to consistent GAAP profitability. Noto has also been a frequent open market buyer of SoFi stock, including notable purchases during periods of share price weakness in 2023 and 2026.

Headquarters

SoFi Technologies is headquartered in San Francisco, California. The company maintains additional offices in cities across the United States to support its lending, technology platform, and customer support operations, but San Francisco remains its primary corporate base and the location listed in its regulatory filings.

Business Segments

SoFi organizes its business into three main segments:

• Lending, which includes personal loans, student loan refinancing, and home loans, along with related loan servicing and the newer loan platform business that connects loans with third party investors.
• Technology Platform, built around Galileo and Technisys, which provide banking, card issuing, and core banking technology to other financial institutions and fintech companies.
• Financial Services, covering SoFi Money, SoFi Invest, the SoFi Credit Card, SoFi Relay, SoFi Protect, and other consumer facing products designed to deepen engagement with existing members.

Management has emphasized growth in the Financial Services and Technology Platform segments because they tend to generate higher returns on equity and are less sensitive to interest rate and credit cycles than traditional lending.

Products and Services

Revenue Breakdown

In the first quarter of 2026, SoFi’s Lending segment remained its largest revenue contributor, though Financial Services continued to grow quickly as a share of the total.

The Technology Platform segment declined year over year in the first quarter of 2026 after a large client fully transitioned off the platform in late 2025, while both Lending and Financial Services posted strong double digit growth, helping push total net revenue to a record $1.1 billion for the quarter.

Financial Performance

SoFi’s revenue has grown every year since going public in 2021, with growth accelerating notably in 2024 and 2025 as the company scaled its banking and financial services businesses.

Key recent financial results include:

• Full year 2025 revenue of $3.58 billion, up 36 percent from 2024, with net income of $481.3 million, roughly flat with 2024 as expenses grew alongside revenue.
• First quarter 2026 GAAP net revenue of $1.1 billion, up 43 percent year over year, with adjusted net revenue of $1.087 billion, up 41 percent.
• First quarter 2026 net income of $166.7 million, up 134 percent year over year, marking the company’s tenth consecutive quarter of GAAP profitability.
• First quarter 2026 adjusted EBITDA of $340 million, up 62 percent year over year, with a 31 percent margin.
• Record first quarter loan originations of $12.2 billion, alongside member growth of 35 percent to 14.7 million total members and product growth of 39 percent to 22.2 million total products.
• Total deposits of $40.2 billion at the end of the first quarter of 2026, reflecting continued growth of SoFi Bank’s balance sheet.
• Full year 2026 guidance calling for adjusted net revenue of approximately $4.655 billion, implying continued growth of roughly 30 percent or more for the year.

SoFi has repeatedly highlighted what it calls a Rule of 40 score, combining revenue growth and profit margin, and management has said the company has exceeded that threshold for 18 consecutive quarters through the first quarter of 2026.

Stock Information

SoFi trades on the Nasdaq exchange under the ticker symbol SOFI. The stock has a reputation for volatility, often moving sharply on quarterly earnings, interest rate expectations, and shifting sentiment toward high growth fintech names.

Selected SOFI Stock Metrics, Early July 2026

Recent Trading Range	Approximately $17 to $19
52 Week Range	$14.92 to $32.73
Market Capitalization	Approximately $23 to $24 billion
Trailing P/E Ratio	Approximately 41 to 42
Trailing EPS (TTM)	Approximately $0.44
Beta	Approximately 2.2 to 3.3, indicating high volatility relative to the broader market
Year to Date Performance	Down roughly 30 to 33 percent

SoFi has been discussed as a potential future addition to the S&P 500 index, having met the profitability requirements for inclusion, though it was passed over in the most recent round of index changes. Analyst price targets on the stock vary widely, with some seeing meaningful upside from current levels and others remaining cautious about valuation and credit risk in a slower economic environment.

Dividends

SoFi does not currently pay a dividend to shareholders. Like many growth stage fintech and technology companies, SoFi has prioritized reinvesting profits into product expansion, member growth, and its banking balance sheet rather than returning cash to investors.

• Dividend Frequency: None
• Dividend Yield: Not applicable
• Capital Allocation Priority: Loan growth, deposit growth, technology platform investment, and continued expansion of newer products such as small business lending and SoFiUSD

Investors seeking dividend income typically look to more established financial institutions, since SoFi remains focused on growth and reinvestment at this stage of its development.

Competitors

SoFi competes across several overlapping markets, from digital banking to lending to investing. Its main competitors include:

Recent News

• SoFi reported record first quarter 2026 results on April 29, 2026, with net revenue up 43 percent to $1.1 billion and net income more than doubling to $166.7 million, its tenth straight quarter of GAAP profitability.April 29, 2026
• SoFi launched SoFi Small Business Loans, a digital first lending platform offering loans up to $250,000 with fast funding, extending the company’s lending reach beyond consumers.Late June 2026
• SoFi’s bank issued stablecoin, SoFiUSD, became available for members to buy, sell, hold, and convert directly within the SoFi app, part of the company’s broader push into digital assets.Spring 2026
• SoFi announced Composer by SoFi, an AI powered investing platform that lets members turn plain language investing ideas into automated trading strategies, following the acquisition of AI startup Composer.June 2026
• SoFi stock declined roughly 30 percent or more in 2026, with its market valuation falling from nearly $40 billion in late 2025 to around $23 billion, even as the company continued to post record revenue and profit.First half of 2026
• SoFi met the financial requirements for S&P 500 inclusion but was passed over in the most recent round of index additions, leaving open the possibility of future inclusion.June 2026
• CEO Anthony Noto continued to make open market purchases of SoFi stock during 2026, including a purchase of nearly 14,000 shares worth about $251,000, a pattern he has repeated during past periods of share price weakness.2026

Frequently Asked Questions

This article is for general informational and educational purposes only and does not constitute financial, investment, or legal advice. Stock prices, financial metrics, and company details change frequently. Always verify current figures with official SoFi investor relations materials, SEC filings, or a live market data source before making any investment decision.

Sources: SoFi Investor Relations shareholder letters and earnings releases (2021 through 2026), SoFi SEC filings, and recent market and news reporting from outlets including Reuters, CNBC, Yahoo Finance, and Forbes.