000181887412/312025Q3falsehttp://fasb.org/us-gaap/2025#AvailableForSaleSecuritiesDebtSecuritieshttp://fasb.org/us-gaap/2025#AvailableForSaleSecuritiesDebtSecuritiesP1Y488xbrli:sharesiso4217:USDiso4217:USDxbrli:sharessofi:segmentxbrli:puresofi:entitysofi:trustsofi:daysofi:facilitysofi:votesofi:tranchesofi:repurchase_obligation00018188742025-01-012025-09-3000018188742025-10-3100018188742025-09-3000018188742024-12-310001818874us-gaap:NonvotingCommonStockMember2024-12-310001818874us-gaap:NonvotingCommonStockMember2025-09-300001818874us-gaap:VariableInterestEntityPrimaryBeneficiaryMember2025-09-300001818874us-gaap:VariableInterestEntityPrimaryBeneficiaryMember2024-12-3100018188742025-07-012025-09-3000018188742024-07-012024-09-3000018188742024-01-012024-09-300001818874us-gaap:CommonStockMember2025-06-300001818874us-gaap:AdditionalPaidInCapitalMember2025-06-300001818874us-gaap:AccumulatedOtherComprehensiveIncomeMember2025-06-300001818874us-gaap:RetainedEarningsMember2025-06-3000018188742025-06-300001818874us-gaap:AdditionalPaidInCapitalMember2025-07-012025-09-300001818874us-gaap:CommonStockMember2025-07-012025-09-300001818874us-gaap:RetainedEarningsMember2025-07-012025-09-300001818874us-gaap:AccumulatedOtherComprehensiveIncomeMember2025-07-012025-09-300001818874us-gaap:CommonStockMember2025-09-300001818874us-gaap:AdditionalPaidInCapitalMember2025-09-300001818874us-gaap:AccumulatedOtherComprehensiveIncomeMember2025-09-300001818874us-gaap:RetainedEarningsMember2025-09-300001818874us-gaap:CommonStockMember2024-12-310001818874us-gaap:AdditionalPaidInCapitalMember2024-12-310001818874us-gaap:AccumulatedOtherComprehensiveIncomeMember2024-12-310001818874us-gaap:RetainedEarningsMember2024-12-310001818874us-gaap:AdditionalPaidInCapitalMember2025-01-012025-09-300001818874us-gaap:CommonStockMember2025-01-012025-09-300001818874us-gaap:RetainedEarningsMember2025-01-012025-09-300001818874us-gaap:AccumulatedOtherComprehensiveIncomeMember2025-01-012025-09-300001818874us-gaap:CommonStockMember2024-06-300001818874us-gaap:AdditionalPaidInCapitalMember2024-06-300001818874us-gaap:AccumulatedOtherComprehensiveIncomeMember2024-06-300001818874us-gaap:RetainedEarningsMember2024-06-3000018188742024-06-300001818874us-gaap:AdditionalPaidInCapitalMember2024-07-012024-09-300001818874us-gaap:CommonStockMember2024-07-012024-09-300001818874us-gaap:RetainedEarningsMember2024-07-012024-09-300001818874us-gaap:AccumulatedOtherComprehensiveIncomeMember2024-07-012024-09-300001818874us-gaap:CommonStockMember2024-09-300001818874us-gaap:AdditionalPaidInCapitalMember2024-09-300001818874us-gaap:AccumulatedOtherComprehensiveIncomeMember2024-09-300001818874us-gaap:RetainedEarningsMember2024-09-3000018188742024-09-300001818874us-gaap:CommonStockMember2023-12-310001818874us-gaap:AdditionalPaidInCapitalMember2023-12-310001818874us-gaap:AccumulatedOtherComprehensiveIncomeMember2023-12-310001818874us-gaap:RetainedEarningsMember2023-12-3100018188742023-12-310001818874us-gaap:AdditionalPaidInCapitalMember2024-01-012024-09-300001818874us-gaap:CommonStockMember2024-01-012024-09-300001818874us-gaap:RetainedEarningsMember2024-01-012024-09-300001818874us-gaap:AccumulatedOtherComprehensiveIncomeMember2024-01-012024-09-300001818874sofi:ReferralsLoanPlatformMembersofi:FinancialServicesSegmentMember2025-07-012025-09-300001818874sofi:ReferralsLoanPlatformMembersofi:FinancialServicesSegmentMember2024-07-012024-09-300001818874sofi:ReferralsLoanPlatformMembersofi:FinancialServicesSegmentMember2025-01-012025-09-300001818874sofi:ReferralsLoanPlatformMembersofi:FinancialServicesSegmentMember2024-01-012024-09-300001818874sofi:ReferralsOtherMembersofi:FinancialServicesSegmentMember2025-07-012025-09-300001818874sofi:ReferralsOtherMembersofi:FinancialServicesSegmentMember2024-07-012024-09-300001818874sofi:ReferralsOtherMembersofi:FinancialServicesSegmentMember2025-01-012025-09-300001818874sofi:ReferralsOtherMembersofi:FinancialServicesSegmentMember2024-01-012024-09-300001818874sofi:InterchangeMembersofi:FinancialServicesSegmentMember2025-07-012025-09-300001818874sofi:InterchangeMembersofi:FinancialServicesSegmentMember2024-07-012024-09-300001818874sofi:InterchangeMembersofi:FinancialServicesSegmentMember2025-01-012025-09-300001818874sofi:InterchangeMembersofi:FinancialServicesSegmentMember2024-01-012024-09-300001818874sofi:BrokerageMembersofi:FinancialServicesSegmentMember2025-07-012025-09-300001818874sofi:BrokerageMembersofi:FinancialServicesSegmentMember2024-07-012024-09-300001818874sofi:BrokerageMembersofi:FinancialServicesSegmentMember2025-01-012025-09-300001818874sofi:BrokerageMembersofi:FinancialServicesSegmentMember2024-01-012024-09-300001818874us-gaap:FinancialServiceOtherMembersofi:FinancialServicesSegmentMember2025-07-012025-09-300001818874us-gaap:FinancialServiceOtherMembersofi:FinancialServicesSegmentMember2024-07-012024-09-300001818874us-gaap:FinancialServiceOtherMembersofi:FinancialServicesSegmentMember2025-01-012025-09-300001818874us-gaap:FinancialServiceOtherMembersofi:FinancialServicesSegmentMember2024-01-012024-09-300001818874sofi:FinancialServicesSegmentMember2025-07-012025-09-300001818874sofi:FinancialServicesSegmentMember2024-07-012024-09-300001818874sofi:FinancialServicesSegmentMember2025-01-012025-09-300001818874sofi:FinancialServicesSegmentMember2024-01-012024-09-300001818874sofi:TechnologyServicesMembersofi:TechnologyPlatformSegmentMember2025-07-012025-09-300001818874sofi:TechnologyServicesMembersofi:TechnologyPlatformSegmentMember2024-07-012024-09-300001818874sofi:TechnologyServicesMembersofi:TechnologyPlatformSegmentMember2025-01-012025-09-300001818874sofi:TechnologyServicesMembersofi:TechnologyPlatformSegmentMember2024-01-012024-09-300001818874sofi:TechnologyPlatformOtherMembersofi:TechnologyPlatformSegmentMember2025-07-012025-09-300001818874sofi:TechnologyPlatformOtherMembersofi:TechnologyPlatformSegmentMember2024-07-012024-09-300001818874sofi:TechnologyPlatformOtherMembersofi:TechnologyPlatformSegmentMember2025-01-012025-09-300001818874sofi:TechnologyPlatformOtherMembersofi:TechnologyPlatformSegmentMember2024-01-012024-09-300001818874sofi:TechnologyPlatformSegmentMember2025-07-012025-09-300001818874sofi:TechnologyPlatformSegmentMember2024-07-012024-09-300001818874sofi:TechnologyPlatformSegmentMember2025-01-012025-09-300001818874sofi:TechnologyPlatformSegmentMember2024-01-012024-09-300001818874sofi:PersonalLoanPortfolioSegmentMemberus-gaap:ConsumerLoanMember2025-09-300001818874sofi:PersonalLoanPortfolioSegmentMemberus-gaap:ConsumerLoanMember2024-12-310001818874sofi:HomeLoanPortfolioSegmentMemberus-gaap:HomeEquityLoanMember2025-09-300001818874sofi:HomeLoanPortfolioSegmentMemberus-gaap:HomeEquityLoanMember2024-12-310001818874sofi:StudentLoanPortfolioSegmentMemberus-gaap:StudentLoanMember2025-09-300001818874sofi:StudentLoanPortfolioSegmentMemberus-gaap:StudentLoanMember2024-12-310001818874sofi:SecuredLoansPortfolioSegmentMember2025-09-300001818874sofi:SecuredLoansPortfolioSegmentMember2024-12-310001818874sofi:CreditCardLoanPortfolioSegmentMemberus-gaap:CreditCardReceivablesMember2025-09-300001818874sofi:CreditCardLoanPortfolioSegmentMemberus-gaap:CreditCardReceivablesMember2024-12-310001818874sofi:CommercialAndConsumerBankingPortfolioSegmentMemberus-gaap:CommercialRealEstateMember2025-09-300001818874sofi:CommercialAndConsumerBankingPortfolioSegmentMemberus-gaap:CommercialRealEstateMember2024-12-310001818874sofi:CommercialAndConsumerBankingPortfolioSegmentMembersofi:CommercialAndIndustrialMember2025-09-300001818874sofi:CommercialAndConsumerBankingPortfolioSegmentMembersofi:CommercialAndIndustrialMember2024-12-310001818874sofi:CommercialAndConsumerBankingPortfolioSegmentMembersofi:ResidentialRealEstateAndOtherConsumerMember2025-09-300001818874sofi:CommercialAndConsumerBankingPortfolioSegmentMembersofi:ResidentialRealEstateAndOtherConsumerMember2024-12-310001818874sofi:CommercialAndConsumerBankingPortfolioSegmentMember2025-09-300001818874sofi:CommercialAndConsumerBankingPortfolioSegmentMember2024-12-310001818874sofi:PersonalLoanPortfolioSegmentMemberus-gaap:VariableInterestEntityPrimaryBeneficiaryMemberus-gaap:ConsumerLoanMember2025-09-300001818874sofi:PersonalLoanPortfolioSegmentMemberus-gaap:VariableInterestEntityPrimaryBeneficiaryMemberus-gaap:ConsumerLoanMember2024-12-310001818874sofi:StudentLoanPortfolioSegmentMemberus-gaap:VariableInterestEntityPrimaryBeneficiaryMemberus-gaap:StudentLoanMember2025-09-300001818874sofi:StudentLoanPortfolioSegmentMemberus-gaap:VariableInterestEntityPrimaryBeneficiaryMemberus-gaap:StudentLoanMember2024-12-310001818874sofi:PersonalLoanPortfolioSegmentMemberus-gaap:EstimateOfFairValueFairValueDisclosureMemberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:ConsumerLoanMember2025-09-300001818874sofi:StudentLoanPortfolioSegmentMemberus-gaap:EstimateOfFairValueFairValueDisclosureMemberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:StudentLoanMember2025-09-300001818874sofi:HomeLoanPortfolioSegmentMemberus-gaap:EstimateOfFairValueFairValueDisclosureMemberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:HomeEquityLoanMember2025-09-300001818874us-gaap:EstimateOfFairValueFairValueDisclosureMemberus-gaap:FairValueMeasurementsRecurringMember2025-09-300001818874sofi:PersonalLoanPortfolioSegmentMemberus-gaap:EstimateOfFairValueFairValueDisclosureMemberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:ConsumerLoanMember2024-12-310001818874sofi:StudentLoanPortfolioSegmentMemberus-gaap:EstimateOfFairValueFairValueDisclosureMemberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:StudentLoanMember2024-12-310001818874sofi:HomeLoanPortfolioSegmentMemberus-gaap:EstimateOfFairValueFairValueDisclosureMemberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:HomeEquityLoanMember2024-12-310001818874us-gaap:EstimateOfFairValueFairValueDisclosureMemberus-gaap:FairValueMeasurementsRecurringMember2024-12-310001818874us-gaap:FairValueMeasurementsRecurringMemberus-gaap:ConsumerLoanMembersofi:PersonalLoanPortfolioSegmentMemberus-gaap:EstimateOfFairValueFairValueDisclosureMemberus-gaap:FinancingReceivablesEqualToGreaterThan90DaysPastDueMember2025-09-300001818874us-gaap:FairValueMeasurementsRecurringMemberus-gaap:StudentLoanMembersofi:StudentLoanPortfolioSegmentMemberus-gaap:EstimateOfFairValueFairValueDisclosureMemberus-gaap:FinancingReceivablesEqualToGreaterThan90DaysPastDueMember2025-09-300001818874us-gaap:FairValueMeasurementsRecurringMemberus-gaap:HomeEquityLoanMembersofi:HomeLoanPortfolioSegmentMemberus-gaap:EstimateOfFairValueFairValueDisclosureMemberus-gaap:FinancingReceivablesEqualToGreaterThan90DaysPastDueMember2025-09-300001818874us-gaap:EstimateOfFairValueFairValueDisclosureMemberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:FinancingReceivablesEqualToGreaterThan90DaysPastDueMember2025-09-300001818874us-gaap:FairValueMeasurementsRecurringMemberus-gaap:ConsumerLoanMembersofi:PersonalLoanPortfolioSegmentMemberus-gaap:EstimateOfFairValueFairValueDisclosureMemberus-gaap:FinancingReceivablesEqualToGreaterThan90DaysPastDueMember2024-12-310001818874us-gaap:FairValueMeasurementsRecurringMemberus-gaap:StudentLoanMembersofi:StudentLoanPortfolioSegmentMemberus-gaap:EstimateOfFairValueFairValueDisclosureMemberus-gaap:FinancingReceivablesEqualToGreaterThan90DaysPastDueMember2024-12-310001818874us-gaap:FairValueMeasurementsRecurringMemberus-gaap:HomeEquityLoanMembersofi:HomeLoanPortfolioSegmentMemberus-gaap:EstimateOfFairValueFairValueDisclosureMemberus-gaap:FinancingReceivablesEqualToGreaterThan90DaysPastDueMember2024-12-310001818874us-gaap:EstimateOfFairValueFairValueDisclosureMemberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:FinancingReceivablesEqualToGreaterThan90DaysPastDueMember2024-12-310001818874us-gaap:AssetBackedSecuritiesSecuritizedLoansAndReceivablesMembersofi:PersonalLoanPortfolioSegmentMember2024-01-012024-09-300001818874sofi:PersonalLoanPortfolioSegmentMember2025-01-012025-09-300001818874sofi:StudentLoanPortfolioSegmentMember2024-01-012024-09-300001818874sofi:PersonalLoanPortfolioSegmentMember2024-07-012024-09-300001818874sofi:PersonalLoanPortfolioSegmentMember2025-07-012025-09-300001818874sofi:StudentLoanPortfolioSegmentMember2024-07-012024-09-300001818874sofi:StudentLoanPortfolioSegmentMember2025-07-012025-09-300001818874sofi:WholeLoansMembersofi:PersonalLoanPortfolioSegmentMember2025-07-012025-09-300001818874sofi:WholeLoansMembersofi:PersonalLoanPortfolioSegmentMember2024-07-012024-09-300001818874sofi:WholeLoansMembersofi:PersonalLoanPortfolioSegmentMember2025-01-012025-09-300001818874sofi:WholeLoansMembersofi:PersonalLoanPortfolioSegmentMember2024-01-012024-09-300001818874sofi:WholeLoansMembersofi:StudentLoanPortfolioSegmentMember2025-07-012025-09-300001818874sofi:WholeLoansMembersofi:StudentLoanPortfolioSegmentMember2024-07-012024-09-300001818874sofi:WholeLoansMembersofi:StudentLoanPortfolioSegmentMember2025-01-012025-09-300001818874sofi:WholeLoansMembersofi:StudentLoanPortfolioSegmentMember2024-01-012024-09-300001818874sofi:WholeLoansMembersofi:HomeLoanPortfolioSegmentMember2025-07-012025-09-300001818874sofi:WholeLoansMembersofi:HomeLoanPortfolioSegmentMember2024-07-012024-09-300001818874sofi:WholeLoansMembersofi:HomeLoanPortfolioSegmentMember2025-01-012025-09-300001818874sofi:WholeLoansMembersofi:HomeLoanPortfolioSegmentMember2024-01-012024-09-300001818874sofi:WholeLoansMembersofi:PersonalLoanPortfolioSegmentMembersofi:LoansInDelinquencyMember2025-07-012025-09-300001818874sofi:WholeLoansMembersofi:PersonalLoanPortfolioSegmentMembersofi:LoansInDelinquencyMember2024-07-012024-09-300001818874sofi:WholeLoansMembersofi:PersonalLoanPortfolioSegmentMembersofi:LoansInDelinquencyMember2025-01-012025-09-300001818874sofi:WholeLoansMembersofi:PersonalLoanPortfolioSegmentMembersofi:LoansInDelinquencyMember2024-01-012024-09-300001818874sofi:LoanPlatformBusinessThirdPartyLoansMembersofi:PersonalLoanPortfolioSegmentMember2025-07-012025-09-300001818874sofi:LoanPlatformBusinessThirdPartyLoansMembersofi:PersonalLoanPortfolioSegmentMember2024-07-012024-09-300001818874sofi:LoanPlatformBusinessThirdPartyLoansMembersofi:PersonalLoanPortfolioSegmentMember2025-01-012025-09-300001818874sofi:LoanPlatformBusinessThirdPartyLoansMembersofi:PersonalLoanPortfolioSegmentMember2024-01-012024-09-300001818874sofi:LoanPlatformBusinessPersonalLoanSecuritizationTransfersMembersofi:PersonalLoanPortfolioSegmentMember2025-07-012025-09-300001818874sofi:LoanPlatformBusinessPersonalLoanSecuritizationTransfersMembersofi:PersonalLoanPortfolioSegmentMember2025-01-012025-09-300001818874sofi:PersonalLoanPortfolioSegmentMemberus-gaap:VariableInterestEntityNotPrimaryBeneficiaryMembersofi:LoansInDelinquencyMembersofi:FinancialAssetEqualToOrGreaterThan30DaysPastDueMember2025-09-300001818874sofi:StudentLoanPortfolioSegmentMemberus-gaap:VariableInterestEntityNotPrimaryBeneficiaryMembersofi:LoansInDelinquencyMembersofi:FinancialAssetEqualToOrGreaterThan30DaysPastDueMember2025-09-300001818874sofi:HomeLoanPortfolioSegmentMemberus-gaap:VariableInterestEntityNotPrimaryBeneficiaryMembersofi:LoansInDelinquencyMembersofi:FinancialAssetEqualToOrGreaterThan30DaysPastDueMember2025-09-300001818874us-gaap:VariableInterestEntityNotPrimaryBeneficiaryMembersofi:LoansInDelinquencyMembersofi:FinancialAssetEqualToOrGreaterThan30DaysPastDueMember2025-09-300001818874sofi:PersonalLoanPortfolioSegmentMemberus-gaap:VariableInterestEntityNotPrimaryBeneficiaryMembersofi:LoansInDelinquencyMember2025-09-300001818874sofi:StudentLoanPortfolioSegmentMemberus-gaap:VariableInterestEntityNotPrimaryBeneficiaryMembersofi:LoansInDelinquencyMember2025-09-300001818874sofi:HomeLoanPortfolioSegmentMemberus-gaap:VariableInterestEntityNotPrimaryBeneficiaryMembersofi:LoansInDelinquencyMember2025-09-300001818874sofi:LoansInDelinquencyMemberus-gaap:VariableInterestEntityNotPrimaryBeneficiaryMember2025-09-300001818874sofi:PersonalLoanPortfolioSegmentMemberus-gaap:VariableInterestEntityNotPrimaryBeneficiaryMember2025-09-300001818874sofi:StudentLoanPortfolioSegmentMemberus-gaap:VariableInterestEntityNotPrimaryBeneficiaryMember2025-09-300001818874sofi:HomeLoanPortfolioSegmentMemberus-gaap:VariableInterestEntityNotPrimaryBeneficiaryMember2025-09-300001818874us-gaap:VariableInterestEntityNotPrimaryBeneficiaryMember2025-09-300001818874sofi:PersonalLoanPortfolioSegmentMemberus-gaap:VariableInterestEntityNotPrimaryBeneficiaryMembersofi:LoansInDelinquencyMembersofi:FinancialAssetEqualToOrGreaterThan30DaysPastDueMember2024-12-310001818874sofi:StudentLoanPortfolioSegmentMemberus-gaap:VariableInterestEntityNotPrimaryBeneficiaryMembersofi:LoansInDelinquencyMembersofi:FinancialAssetEqualToOrGreaterThan30DaysPastDueMember2024-12-310001818874sofi:HomeLoanPortfolioSegmentMemberus-gaap:VariableInterestEntityNotPrimaryBeneficiaryMembersofi:LoansInDelinquencyMembersofi:FinancialAssetEqualToOrGreaterThan30DaysPastDueMember2024-12-310001818874us-gaap:VariableInterestEntityNotPrimaryBeneficiaryMembersofi:LoansInDelinquencyMembersofi:FinancialAssetEqualToOrGreaterThan30DaysPastDueMember2024-12-310001818874sofi:PersonalLoanPortfolioSegmentMemberus-gaap:VariableInterestEntityNotPrimaryBeneficiaryMembersofi:LoansInDelinquencyMember2024-12-310001818874sofi:StudentLoanPortfolioSegmentMemberus-gaap:VariableInterestEntityNotPrimaryBeneficiaryMembersofi:LoansInDelinquencyMember2024-12-310001818874sofi:HomeLoanPortfolioSegmentMemberus-gaap:VariableInterestEntityNotPrimaryBeneficiaryMembersofi:LoansInDelinquencyMember2024-12-310001818874sofi:LoansInDelinquencyMemberus-gaap:VariableInterestEntityNotPrimaryBeneficiaryMember2024-12-310001818874sofi:PersonalLoanPortfolioSegmentMemberus-gaap:VariableInterestEntityNotPrimaryBeneficiaryMember2024-12-310001818874sofi:StudentLoanPortfolioSegmentMemberus-gaap:VariableInterestEntityNotPrimaryBeneficiaryMember2024-12-310001818874sofi:HomeLoanPortfolioSegmentMemberus-gaap:VariableInterestEntityNotPrimaryBeneficiaryMember2024-12-310001818874us-gaap:VariableInterestEntityNotPrimaryBeneficiaryMember2024-12-310001818874sofi:PersonalLoanPortfolioSegmentMemberus-gaap:VariableInterestEntityNotPrimaryBeneficiaryMember2025-07-012025-09-300001818874sofi:PersonalLoanPortfolioSegmentMemberus-gaap:VariableInterestEntityNotPrimaryBeneficiaryMember2024-07-012024-09-300001818874sofi:PersonalLoanPortfolioSegmentMemberus-gaap:VariableInterestEntityNotPrimaryBeneficiaryMember2025-01-012025-09-300001818874sofi:PersonalLoanPortfolioSegmentMemberus-gaap:VariableInterestEntityNotPrimaryBeneficiaryMember2024-01-012024-09-300001818874sofi:StudentLoanPortfolioSegmentMemberus-gaap:VariableInterestEntityNotPrimaryBeneficiaryMember2025-07-012025-09-300001818874sofi:StudentLoanPortfolioSegmentMemberus-gaap:VariableInterestEntityNotPrimaryBeneficiaryMember2024-07-012024-09-300001818874sofi:StudentLoanPortfolioSegmentMemberus-gaap:VariableInterestEntityNotPrimaryBeneficiaryMember2025-01-012025-09-300001818874sofi:StudentLoanPortfolioSegmentMemberus-gaap:VariableInterestEntityNotPrimaryBeneficiaryMember2024-01-012024-09-300001818874sofi:HomeLoanPortfolioSegmentMemberus-gaap:VariableInterestEntityNotPrimaryBeneficiaryMember2025-07-012025-09-300001818874sofi:HomeLoanPortfolioSegmentMemberus-gaap:VariableInterestEntityNotPrimaryBeneficiaryMember2024-07-012024-09-300001818874sofi:HomeLoanPortfolioSegmentMemberus-gaap:VariableInterestEntityNotPrimaryBeneficiaryMember2025-01-012025-09-300001818874sofi:HomeLoanPortfolioSegmentMemberus-gaap:VariableInterestEntityNotPrimaryBeneficiaryMember2024-01-012024-09-300001818874us-gaap:VariableInterestEntityNotPrimaryBeneficiaryMember2025-07-012025-09-300001818874us-gaap:VariableInterestEntityNotPrimaryBeneficiaryMember2024-07-012024-09-300001818874us-gaap:VariableInterestEntityNotPrimaryBeneficiaryMember2025-01-012025-09-300001818874us-gaap:VariableInterestEntityNotPrimaryBeneficiaryMember2024-01-012024-09-300001818874sofi:SecuredLoansPortfolioSegmentMemberus-gaap:FinancialAssetNotPastDueMember2025-09-300001818874sofi:SecuredLoansPortfolioSegmentMemberus-gaap:FinancingReceivables30To59DaysPastDueMember2025-09-300001818874sofi:SecuredLoansPortfolioSegmentMemberus-gaap:FinancingReceivables60To89DaysPastDueMember2025-09-300001818874sofi:SecuredLoansPortfolioSegmentMemberus-gaap:FinancingReceivablesEqualToGreaterThan90DaysPastDueMember2025-09-300001818874sofi:SecuredLoansPortfolioSegmentMemberus-gaap:FinancialAssetPastDueMember2025-09-300001818874sofi:SecuredLoansPortfolioSegmentMemberus-gaap:EstimateOfFairValueFairValueDisclosureMember2025-09-300001818874sofi:CreditCardLoanPortfolioSegmentMemberus-gaap:CreditCardReceivablesMemberus-gaap:FinancialAssetNotPastDueMember2025-09-300001818874sofi:CreditCardLoanPortfolioSegmentMemberus-gaap:CreditCardReceivablesMemberus-gaap:FinancingReceivables30To59DaysPastDueMember2025-09-300001818874sofi:CreditCardLoanPortfolioSegmentMemberus-gaap:CreditCardReceivablesMemberus-gaap:FinancingReceivables60To89DaysPastDueMember2025-09-300001818874sofi:CreditCardLoanPortfolioSegmentMemberus-gaap:CreditCardReceivablesMemberus-gaap:FinancingReceivablesEqualToGreaterThan90DaysPastDueMember2025-09-300001818874sofi:CreditCardLoanPortfolioSegmentMemberus-gaap:CreditCardReceivablesMemberus-gaap:FinancialAssetPastDueMember2025-09-300001818874sofi:CreditCardLoanPortfolioSegmentMemberus-gaap:EstimateOfFairValueFairValueDisclosureMemberus-gaap:CreditCardReceivablesMember2025-09-300001818874sofi:CommercialAndConsumerBankingPortfolioSegmentMemberus-gaap:CommercialRealEstateMemberus-gaap:FinancialAssetNotPastDueMember2025-09-300001818874sofi:CommercialAndConsumerBankingPortfolioSegmentMemberus-gaap:CommercialRealEstateMemberus-gaap:FinancingReceivables30To59DaysPastDueMember2025-09-300001818874sofi:CommercialAndConsumerBankingPortfolioSegmentMemberus-gaap:CommercialRealEstateMemberus-gaap:FinancingReceivables60To89DaysPastDueMember2025-09-300001818874sofi:CommercialAndConsumerBankingPortfolioSegmentMemberus-gaap:CommercialRealEstateMemberus-gaap:FinancingReceivablesEqualToGreaterThan90DaysPastDueMember2025-09-300001818874sofi:CommercialAndConsumerBankingPortfolioSegmentMemberus-gaap:CommercialRealEstateMemberus-gaap:FinancialAssetPastDueMember2025-09-300001818874sofi:CommercialAndConsumerBankingPortfolioSegmentMemberus-gaap:EstimateOfFairValueFairValueDisclosureMemberus-gaap:CommercialRealEstateMember2025-09-300001818874sofi:CommercialAndConsumerBankingPortfolioSegmentMembersofi:CommercialAndIndustrialMemberus-gaap:FinancialAssetNotPastDueMember2025-09-300001818874sofi:CommercialAndConsumerBankingPortfolioSegmentMembersofi:CommercialAndIndustrialMemberus-gaap:FinancingReceivables30To59DaysPastDueMember2025-09-300001818874sofi:CommercialAndConsumerBankingPortfolioSegmentMembersofi:CommercialAndIndustrialMemberus-gaap:FinancingReceivables60To89DaysPastDueMember2025-09-300001818874sofi:CommercialAndConsumerBankingPortfolioSegmentMembersofi:CommercialAndIndustrialMemberus-gaap:FinancingReceivablesEqualToGreaterThan90DaysPastDueMember2025-09-300001818874sofi:CommercialAndConsumerBankingPortfolioSegmentMembersofi:CommercialAndIndustrialMemberus-gaap:FinancialAssetPastDueMember2025-09-300001818874sofi:CommercialAndConsumerBankingPortfolioSegmentMemberus-gaap:EstimateOfFairValueFairValueDisclosureMembersofi:CommercialAndIndustrialMember2025-09-300001818874sofi:CommercialAndConsumerBankingPortfolioSegmentMembersofi:ResidentialRealEstateAndOtherConsumerMemberus-gaap:FinancialAssetNotPastDueMember2025-09-300001818874sofi:CommercialAndConsumerBankingPortfolioSegmentMembersofi:ResidentialRealEstateAndOtherConsumerMemberus-gaap:FinancingReceivables30To59DaysPastDueMember2025-09-300001818874sofi:CommercialAndConsumerBankingPortfolioSegmentMembersofi:ResidentialRealEstateAndOtherConsumerMemberus-gaap:FinancingReceivables60To89DaysPastDueMember2025-09-300001818874sofi:CommercialAndConsumerBankingPortfolioSegmentMembersofi:ResidentialRealEstateAndOtherConsumerMemberus-gaap:FinancingReceivablesEqualToGreaterThan90DaysPastDueMember2025-09-300001818874sofi:CommercialAndConsumerBankingPortfolioSegmentMembersofi:ResidentialRealEstateAndOtherConsumerMemberus-gaap:FinancialAssetPastDueMember2025-09-300001818874sofi:CommercialAndConsumerBankingPortfolioSegmentMemberus-gaap:EstimateOfFairValueFairValueDisclosureMembersofi:ResidentialRealEstateAndOtherConsumerMember2025-09-300001818874sofi:CommercialAndConsumerBankingPortfolioSegmentMemberus-gaap:FinancialAssetNotPastDueMember2025-09-300001818874sofi:CommercialAndConsumerBankingPortfolioSegmentMemberus-gaap:FinancingReceivables30To59DaysPastDueMember2025-09-300001818874sofi:CommercialAndConsumerBankingPortfolioSegmentMemberus-gaap:FinancingReceivables60To89DaysPastDueMember2025-09-300001818874sofi:CommercialAndConsumerBankingPortfolioSegmentMemberus-gaap:FinancingReceivablesEqualToGreaterThan90DaysPastDueMember2025-09-300001818874sofi:CommercialAndConsumerBankingPortfolioSegmentMemberus-gaap:FinancialAssetPastDueMember2025-09-300001818874sofi:CommercialAndConsumerBankingPortfolioSegmentMemberus-gaap:EstimateOfFairValueFairValueDisclosureMember2025-09-300001818874us-gaap:FinancialAssetNotPastDueMember2025-09-300001818874us-gaap:FinancingReceivables30To59DaysPastDueMember2025-09-300001818874us-gaap:FinancingReceivables60To89DaysPastDueMember2025-09-300001818874us-gaap:FinancingReceivablesEqualToGreaterThan90DaysPastDueMember2025-09-300001818874us-gaap:FinancialAssetPastDueMember2025-09-300001818874us-gaap:EstimateOfFairValueFairValueDisclosureMember2025-09-300001818874sofi:SecuredLoansPortfolioSegmentMemberus-gaap:FinancialAssetNotPastDueMember2024-12-310001818874sofi:SecuredLoansPortfolioSegmentMemberus-gaap:FinancingReceivables30To59DaysPastDueMember2024-12-310001818874sofi:SecuredLoansPortfolioSegmentMemberus-gaap:FinancingReceivables60To89DaysPastDueMember2024-12-310001818874sofi:SecuredLoansPortfolioSegmentMemberus-gaap:FinancingReceivablesEqualToGreaterThan90DaysPastDueMember2024-12-310001818874sofi:SecuredLoansPortfolioSegmentMemberus-gaap:FinancialAssetPastDueMember2024-12-310001818874sofi:SecuredLoansPortfolioSegmentMemberus-gaap:EstimateOfFairValueFairValueDisclosureMember2024-12-310001818874sofi:CreditCardLoanPortfolioSegmentMemberus-gaap:CreditCardReceivablesMemberus-gaap:FinancialAssetNotPastDueMember2024-12-310001818874sofi:CreditCardLoanPortfolioSegmentMemberus-gaap:CreditCardReceivablesMemberus-gaap:FinancingReceivables30To59DaysPastDueMember2024-12-310001818874sofi:CreditCardLoanPortfolioSegmentMemberus-gaap:CreditCardReceivablesMemberus-gaap:FinancingReceivables60To89DaysPastDueMember2024-12-310001818874sofi:CreditCardLoanPortfolioSegmentMemberus-gaap:CreditCardReceivablesMemberus-gaap:FinancingReceivablesEqualToGreaterThan90DaysPastDueMember2024-12-310001818874sofi:CreditCardLoanPortfolioSegmentMemberus-gaap:CreditCardReceivablesMemberus-gaap:FinancialAssetPastDueMember2024-12-310001818874sofi:CreditCardLoanPortfolioSegmentMemberus-gaap:EstimateOfFairValueFairValueDisclosureMemberus-gaap:CreditCardReceivablesMember2024-12-310001818874sofi:CommercialAndConsumerBankingPortfolioSegmentMemberus-gaap:CommercialRealEstateMemberus-gaap:FinancialAssetNotPastDueMember2024-12-310001818874sofi:CommercialAndConsumerBankingPortfolioSegmentMemberus-gaap:CommercialRealEstateMemberus-gaap:FinancingReceivables30To59DaysPastDueMember2024-12-310001818874sofi:CommercialAndConsumerBankingPortfolioSegmentMemberus-gaap:CommercialRealEstateMemberus-gaap:FinancingReceivables60To89DaysPastDueMember2024-12-310001818874sofi:CommercialAndConsumerBankingPortfolioSegmentMemberus-gaap:CommercialRealEstateMemberus-gaap:FinancingReceivablesEqualToGreaterThan90DaysPastDueMember2024-12-310001818874sofi:CommercialAndConsumerBankingPortfolioSegmentMemberus-gaap:CommercialRealEstateMemberus-gaap:FinancialAssetPastDueMember2024-12-310001818874sofi:CommercialAndConsumerBankingPortfolioSegmentMemberus-gaap:EstimateOfFairValueFairValueDisclosureMemberus-gaap:CommercialRealEstateMember2024-12-310001818874sofi:CommercialAndConsumerBankingPortfolioSegmentMembersofi:CommercialAndIndustrialMemberus-gaap:FinancialAssetNotPastDueMember2024-12-310001818874sofi:CommercialAndConsumerBankingPortfolioSegmentMembersofi:CommercialAndIndustrialMemberus-gaap:FinancingReceivables30To59DaysPastDueMember2024-12-310001818874sofi:CommercialAndConsumerBankingPortfolioSegmentMembersofi:CommercialAndIndustrialMemberus-gaap:FinancingReceivables60To89DaysPastDueMember2024-12-310001818874sofi:CommercialAndConsumerBankingPortfolioSegmentMembersofi:CommercialAndIndustrialMemberus-gaap:FinancingReceivablesEqualToGreaterThan90DaysPastDueMember2024-12-310001818874sofi:CommercialAndConsumerBankingPortfolioSegmentMembersofi:CommercialAndIndustrialMemberus-gaap:FinancialAssetPastDueMember2024-12-310001818874sofi:CommercialAndConsumerBankingPortfolioSegmentMemberus-gaap:EstimateOfFairValueFairValueDisclosureMembersofi:CommercialAndIndustrialMember2024-12-310001818874sofi:CommercialAndConsumerBankingPortfolioSegmentMembersofi:ResidentialRealEstateAndOtherConsumerMemberus-gaap:FinancialAssetNotPastDueMember2024-12-310001818874sofi:CommercialAndConsumerBankingPortfolioSegmentMembersofi:ResidentialRealEstateAndOtherConsumerMemberus-gaap:FinancingReceivables30To59DaysPastDueMember2024-12-310001818874sofi:CommercialAndConsumerBankingPortfolioSegmentMembersofi:ResidentialRealEstateAndOtherConsumerMemberus-gaap:FinancingReceivables60To89DaysPastDueMember2024-12-310001818874sofi:CommercialAndConsumerBankingPortfolioSegmentMembersofi:ResidentialRealEstateAndOtherConsumerMemberus-gaap:FinancingReceivablesEqualToGreaterThan90DaysPastDueMember2024-12-310001818874sofi:CommercialAndConsumerBankingPortfolioSegmentMembersofi:ResidentialRealEstateAndOtherConsumerMemberus-gaap:FinancialAssetPastDueMember2024-12-310001818874sofi:CommercialAndConsumerBankingPortfolioSegmentMemberus-gaap:EstimateOfFairValueFairValueDisclosureMembersofi:ResidentialRealEstateAndOtherConsumerMember2024-12-310001818874sofi:CommercialAndConsumerBankingPortfolioSegmentMemberus-gaap:FinancialAssetNotPastDueMember2024-12-310001818874sofi:CommercialAndConsumerBankingPortfolioSegmentMemberus-gaap:FinancingReceivables30To59DaysPastDueMember2024-12-310001818874sofi:CommercialAndConsumerBankingPortfolioSegmentMemberus-gaap:FinancingReceivables60To89DaysPastDueMember2024-12-310001818874sofi:CommercialAndConsumerBankingPortfolioSegmentMemberus-gaap:FinancingReceivablesEqualToGreaterThan90DaysPastDueMember2024-12-310001818874sofi:CommercialAndConsumerBankingPortfolioSegmentMemberus-gaap:FinancialAssetPastDueMember2024-12-310001818874sofi:CommercialAndConsumerBankingPortfolioSegmentMemberus-gaap:EstimateOfFairValueFairValueDisclosureMember2024-12-310001818874us-gaap:FinancialAssetNotPastDueMember2024-12-310001818874us-gaap:FinancingReceivables30To59DaysPastDueMember2024-12-310001818874us-gaap:FinancingReceivables60To89DaysPastDueMember2024-12-310001818874us-gaap:FinancingReceivablesEqualToGreaterThan90DaysPastDueMember2024-12-310001818874us-gaap:FinancialAssetPastDueMember2024-12-310001818874us-gaap:EstimateOfFairValueFairValueDisclosureMember2024-12-310001818874sofi:FICOScoreGreaterThanOrEqualTo800Membersofi:CreditCardLoanPortfolioSegmentMemberus-gaap:EstimateOfFairValueFairValueDisclosureMemberus-gaap:CreditCardReceivablesMember2025-09-300001818874sofi:FICOScoreGreaterThanOrEqualTo800Membersofi:CreditCardLoanPortfolioSegmentMemberus-gaap:EstimateOfFairValueFairValueDisclosureMemberus-gaap:CreditCardReceivablesMember2024-12-310001818874sofi:FICOScore780To799Membersofi:CreditCardLoanPortfolioSegmentMemberus-gaap:EstimateOfFairValueFairValueDisclosureMemberus-gaap:CreditCardReceivablesMember2025-09-300001818874sofi:FICOScore780To799Membersofi:CreditCardLoanPortfolioSegmentMemberus-gaap:EstimateOfFairValueFairValueDisclosureMemberus-gaap:CreditCardReceivablesMember2024-12-310001818874sofi:FICOScore760To779Membersofi:CreditCardLoanPortfolioSegmentMemberus-gaap:EstimateOfFairValueFairValueDisclosureMemberus-gaap:CreditCardReceivablesMember2025-09-300001818874sofi:FICOScore760To779Membersofi:CreditCardLoanPortfolioSegmentMemberus-gaap:EstimateOfFairValueFairValueDisclosureMemberus-gaap:CreditCardReceivablesMember2024-12-310001818874sofi:FICOScore740To759Membersofi:CreditCardLoanPortfolioSegmentMemberus-gaap:EstimateOfFairValueFairValueDisclosureMemberus-gaap:CreditCardReceivablesMember2025-09-300001818874sofi:FICOScore740To759Membersofi:CreditCardLoanPortfolioSegmentMemberus-gaap:EstimateOfFairValueFairValueDisclosureMemberus-gaap:CreditCardReceivablesMember2024-12-310001818874sofi:FICOScore720To739Membersofi:CreditCardLoanPortfolioSegmentMemberus-gaap:EstimateOfFairValueFairValueDisclosureMemberus-gaap:CreditCardReceivablesMember2025-09-300001818874sofi:FICOScore720To739Membersofi:CreditCardLoanPortfolioSegmentMemberus-gaap:EstimateOfFairValueFairValueDisclosureMemberus-gaap:CreditCardReceivablesMember2024-12-310001818874sofi:FICOScore700To719Membersofi:CreditCardLoanPortfolioSegmentMemberus-gaap:EstimateOfFairValueFairValueDisclosureMemberus-gaap:CreditCardReceivablesMember2025-09-300001818874sofi:FICOScore700To719Membersofi:CreditCardLoanPortfolioSegmentMemberus-gaap:EstimateOfFairValueFairValueDisclosureMemberus-gaap:CreditCardReceivablesMember2024-12-310001818874sofi:FICOScore680To699Membersofi:CreditCardLoanPortfolioSegmentMemberus-gaap:EstimateOfFairValueFairValueDisclosureMemberus-gaap:CreditCardReceivablesMember2025-09-300001818874sofi:FICOScore680To699Membersofi:CreditCardLoanPortfolioSegmentMemberus-gaap:EstimateOfFairValueFairValueDisclosureMemberus-gaap:CreditCardReceivablesMember2024-12-310001818874sofi:FICOScore660To679Membersofi:CreditCardLoanPortfolioSegmentMemberus-gaap:EstimateOfFairValueFairValueDisclosureMemberus-gaap:CreditCardReceivablesMember2025-09-300001818874sofi:FICOScore660To679Membersofi:CreditCardLoanPortfolioSegmentMemberus-gaap:EstimateOfFairValueFairValueDisclosureMemberus-gaap:CreditCardReceivablesMember2024-12-310001818874sofi:FICOScore640To659Membersofi:CreditCardLoanPortfolioSegmentMemberus-gaap:EstimateOfFairValueFairValueDisclosureMemberus-gaap:CreditCardReceivablesMember2025-09-300001818874sofi:FICOScore640To659Membersofi:CreditCardLoanPortfolioSegmentMemberus-gaap:EstimateOfFairValueFairValueDisclosureMemberus-gaap:CreditCardReceivablesMember2024-12-310001818874sofi:FICOScore620To639Membersofi:CreditCardLoanPortfolioSegmentMemberus-gaap:EstimateOfFairValueFairValueDisclosureMemberus-gaap:CreditCardReceivablesMember2025-09-300001818874sofi:FICOScore620To639Membersofi:CreditCardLoanPortfolioSegmentMemberus-gaap:EstimateOfFairValueFairValueDisclosureMemberus-gaap:CreditCardReceivablesMember2024-12-310001818874sofi:FICOScore600To619Membersofi:CreditCardLoanPortfolioSegmentMemberus-gaap:EstimateOfFairValueFairValueDisclosureMemberus-gaap:CreditCardReceivablesMember2025-09-300001818874sofi:FICOScore600To619Membersofi:CreditCardLoanPortfolioSegmentMemberus-gaap:EstimateOfFairValueFairValueDisclosureMemberus-gaap:CreditCardReceivablesMember2024-12-310001818874sofi:FICOScoreLessThanOrEqualTo599Membersofi:CreditCardLoanPortfolioSegmentMemberus-gaap:EstimateOfFairValueFairValueDisclosureMemberus-gaap:CreditCardReceivablesMember2025-09-300001818874sofi:FICOScoreLessThanOrEqualTo599Membersofi:CreditCardLoanPortfolioSegmentMemberus-gaap:EstimateOfFairValueFairValueDisclosureMemberus-gaap:CreditCardReceivablesMember2024-12-310001818874sofi:CommercialAndConsumerBankingPortfolioSegmentMemberus-gaap:CommercialRealEstateMemberus-gaap:PassMember2025-09-300001818874sofi:CommercialAndConsumerBankingPortfolioSegmentMemberus-gaap:CommercialRealEstateMembersofi:WatchMember2025-09-300001818874sofi:CommercialAndConsumerBankingPortfolioSegmentMemberus-gaap:CommercialRealEstateMemberus-gaap:SpecialMentionMember2025-09-300001818874sofi:CommercialAndConsumerBankingPortfolioSegmentMemberus-gaap:CommercialRealEstateMemberus-gaap:SubstandardMember2025-09-300001818874sofi:CommercialAndConsumerBankingPortfolioSegmentMembersofi:CommercialAndIndustrialMemberus-gaap:PassMember2025-09-300001818874sofi:CommercialAndConsumerBankingPortfolioSegmentMembersofi:CommercialAndIndustrialMemberus-gaap:SubstandardMember2025-09-300001818874sofi:CommercialAndConsumerBankingPortfolioSegmentMembersofi:ResidentialRealEstateAndOtherConsumerMemberus-gaap:PassMember2025-09-300001818874sofi:CommercialAndConsumerBankingPortfolioSegmentMembersofi:ResidentialRealEstateAndOtherConsumerMembersofi:WatchMember2025-09-300001818874sofi:SecuredLoansPortfolioSegmentMember2025-01-012025-09-300001818874sofi:CreditCardLoanPortfolioSegmentMemberus-gaap:CreditCardReceivablesMember2025-06-300001818874sofi:CommercialAndConsumerBankingPortfolioSegmentMember2025-06-300001818874sofi:CreditCardLoanPortfolioSegmentMemberus-gaap:CreditCardReceivablesMember2025-07-012025-09-300001818874sofi:CommercialAndConsumerBankingPortfolioSegmentMember2025-07-012025-09-300001818874sofi:CreditCardLoanPortfolioSegmentMemberus-gaap:CreditCardReceivablesMember2024-06-300001818874sofi:CommercialAndConsumerBankingPortfolioSegmentMember2024-06-300001818874sofi:CreditCardLoanPortfolioSegmentMemberus-gaap:CreditCardReceivablesMember2024-07-012024-09-300001818874sofi:CommercialAndConsumerBankingPortfolioSegmentMember2024-07-012024-09-300001818874sofi:CreditCardLoanPortfolioSegmentMemberus-gaap:CreditCardReceivablesMember2024-09-300001818874sofi:CommercialAndConsumerBankingPortfolioSegmentMember2024-09-300001818874sofi:CreditCardLoanPortfolioSegmentMemberus-gaap:CreditCardReceivablesMember2025-01-012025-09-300001818874sofi:CommercialAndConsumerBankingPortfolioSegmentMember2025-01-012025-09-300001818874sofi:CreditCardLoanPortfolioSegmentMemberus-gaap:CreditCardReceivablesMember2023-12-310001818874sofi:CommercialAndConsumerBankingPortfolioSegmentMember2023-12-310001818874sofi:CreditCardLoanPortfolioSegmentMemberus-gaap:CreditCardReceivablesMember2024-01-012024-09-300001818874sofi:CommercialAndConsumerBankingPortfolioSegmentMember2024-01-012024-09-300001818874us-gaap:USTreasurySecuritiesMember2025-09-300001818874us-gaap:MortgageBackedSecuritiesMember2025-09-300001818874us-gaap:CorporateBondSecuritiesMember2025-09-300001818874us-gaap:AssetBackedSecuritiesMember2025-09-300001818874sofi:ResidualInvestmentsMember2025-09-300001818874us-gaap:OtherDebtSecuritiesMember2025-09-300001818874us-gaap:USTreasurySecuritiesMember2024-12-310001818874us-gaap:MortgageBackedSecuritiesMember2024-12-310001818874us-gaap:CorporateBondSecuritiesMember2024-12-310001818874us-gaap:OtherDebtSecuritiesMember2024-12-310001818874us-gaap:VariableInterestEntityNotPrimaryBeneficiaryMember2025-09-300001818874us-gaap:VariableInterestEntityNotPrimaryBeneficiaryMember2024-12-310001818874sofi:SecuredLoansPortfolioSegmentMemberus-gaap:VariableInterestEntityNotPrimaryBeneficiaryMember2025-09-300001818874sofi:SecuredLoansPortfolioSegmentMemberus-gaap:VariableInterestEntityNotPrimaryBeneficiaryMember2024-12-310001818874sofi:PersonalLoanPortfolioSegmentMemberus-gaap:VariableInterestEntityNotPrimaryBeneficiaryMember2025-09-300001818874sofi:PersonalLoanPortfolioSegmentMemberus-gaap:VariableInterestEntityNotPrimaryBeneficiaryMember2024-12-310001818874sofi:StudentLoanPortfolioSegmentMemberus-gaap:VariableInterestEntityNotPrimaryBeneficiaryMember2025-09-300001818874sofi:StudentLoanPortfolioSegmentMemberus-gaap:VariableInterestEntityNotPrimaryBeneficiaryMember2024-12-310001818874us-gaap:AssetBackedSecuritiesMemberus-gaap:VariableInterestEntityNotPrimaryBeneficiaryMember2025-09-300001818874sofi:ResidualInvestmentsMemberus-gaap:VariableInterestEntityNotPrimaryBeneficiaryMember2025-09-300001818874sofi:PersonalLoanWarehouseFacilitiesMemberus-gaap:LineOfCreditMember2025-09-300001818874sofi:PersonalLoanWarehouseFacilitiesMembersrt:MinimumMemberus-gaap:LineOfCreditMember2025-09-300001818874sofi:PersonalLoanWarehouseFacilitiesMembersrt:MaximumMemberus-gaap:LineOfCreditMember2025-09-300001818874sofi:PersonalLoanWarehouseFacilitiesMemberus-gaap:LineOfCreditMember2024-12-310001818874sofi:StudentLoanWarehouseFacilitiesMemberus-gaap:LineOfCreditMember2025-09-300001818874sofi:StudentLoanWarehouseFacilitiesMembersrt:MinimumMemberus-gaap:LineOfCreditMember2025-09-300001818874sofi:StudentLoanWarehouseFacilitiesMembersrt:MaximumMemberus-gaap:LineOfCreditMember2025-09-300001818874sofi:StudentLoanWarehouseFacilitiesMemberus-gaap:LineOfCreditMember2024-12-310001818874sofi:RiskRetentionWarehouseFacilitiesMemberus-gaap:LineOfCreditMember2025-09-300001818874sofi:RiskRetentionWarehouseFacilitiesMemberus-gaap:LineOfCreditMember2024-12-310001818874us-gaap:RevolvingCreditFacilityMemberus-gaap:RevolvingCreditFacilityMember2025-09-300001818874us-gaap:RevolvingCreditFacilityMemberus-gaap:RevolvingCreditFacilityMember2024-12-310001818874sofi:ConvertibleSeniorNotesDue2026Memberus-gaap:ConvertibleDebtMember2025-09-300001818874sofi:ConvertibleSeniorNotesDue2026Memberus-gaap:ConvertibleDebtMember2024-12-310001818874sofi:ConvertibleSeniorNotesDue2029Memberus-gaap:ConvertibleDebtMember2025-09-300001818874sofi:ConvertibleSeniorNotesDue2029Memberus-gaap:ConvertibleDebtMember2024-12-310001818874sofi:OtherFinancingMembersofi:OtherFinancingsMember2025-09-300001818874sofi:OtherFinancingMembersofi:OtherFinancingsMember2024-12-310001818874sofi:PersonalLoanSecuritizationsMember2025-09-300001818874sofi:PersonalLoanSecuritizationsMember2024-12-310001818874sofi:StudentLoanSecuritizationsMember2025-09-300001818874srt:MinimumMembersofi:StudentLoanSecuritizationsMember2025-09-300001818874srt:MaximumMembersofi:StudentLoanSecuritizationsMember2025-09-300001818874sofi:StudentLoanSecuritizationsMember2024-12-310001818874srt:MinimumMember2025-01-012025-09-300001818874srt:MaximumMember2025-01-012025-09-300001818874us-gaap:RevolvingCreditFacilityMemberus-gaap:LineOfCreditMember2025-09-300001818874sofi:ConvertibleSeniorNotesDue2026Memberus-gaap:ConvertibleDebtMember2025-07-012025-09-300001818874sofi:ConvertibleSeniorNotesDue2026Memberus-gaap:ConvertibleDebtMember2025-01-012025-09-300001818874sofi:ConvertibleSeniorNotesDue2026Memberus-gaap:ConvertibleDebtMember2024-07-012024-09-300001818874sofi:ConvertibleSeniorNotesDue2026Memberus-gaap:ConvertibleDebtMember2024-01-012024-09-300001818874sofi:ConvertibleSeniorNotesDue2029Memberus-gaap:ConvertibleDebtMember2025-07-012025-09-300001818874sofi:ConvertibleSeniorNotesDue2029Memberus-gaap:ConvertibleDebtMember2025-01-012025-09-300001818874sofi:ConvertibleSeniorNotesDue2029Memberus-gaap:ConvertibleDebtMember2024-07-012024-09-300001818874sofi:ConvertibleSeniorNotesDue2029Memberus-gaap:ConvertibleDebtMember2024-01-012024-09-300001818874us-gaap:FinanceReceivablesMembersofi:OtherFinancingMembersofi:OtherFinancingsMember2025-09-300001818874us-gaap:SecuritiesInvestmentMembersofi:OtherFinancingMembersofi:OtherFinancingsMember2025-09-300001818874us-gaap:SecuredDebtMemberus-gaap:AssetPledgedAsCollateralMember2025-09-300001818874us-gaap:AssetPledgedAsCollateralMember2025-09-300001818874us-gaap:UnsecuredDebtMember2025-09-300001818874sofi:ConvertibleSeniorNotesDue2026Memberus-gaap:ConvertibleDebtMember2021-10-040001818874sofi:ConvertibleSeniorNotesDue2026Memberus-gaap:ConvertibleDebtMember2023-12-310001818874us-gaap:CommonStockMember2023-12-012023-12-310001818874sofi:ConvertibleSeniorNotesDue2026Memberus-gaap:ConvertibleDebtMember2024-03-310001818874us-gaap:CommonStockMember2024-03-012024-03-310001818874sofi:ConvertibleSeniorNotesDue2026Memberus-gaap:ConvertibleDebtMember2024-08-310001818874us-gaap:CommonStockMember2024-08-012024-08-310001818874sofi:ConvertibleSeniorNotesDue2029Memberus-gaap:ConvertibleDebtMember2024-03-310001818874sofi:LoanWarehouseFacilitiesMemberus-gaap:LineOfCreditMember2025-01-012025-09-300001818874sofi:LoanWarehouseFacilitiesMemberus-gaap:LineOfCreditMember2025-09-300001818874sofi:DebtWithScheduledPaymentsMember2025-09-3000018188742021-05-280001818874sofi:Series1RedeemablePreferredStockMember2021-05-280001818874sofi:Series1RedeemablePreferredStockMember2024-05-012024-05-310001818874sofi:Series1RedeemablePreferredStockMember2025-09-300001818874sofi:Series1RedeemablePreferredStockMember2024-07-012024-09-300001818874sofi:Series1RedeemablePreferredStockMember2024-01-012024-09-300001818874us-gaap:CommonStockMember2021-06-010001818874us-gaap:NonvotingCommonStockMember2021-06-010001818874sofi:PublicStockOfferingMember2025-07-312025-07-310001818874sofi:PublicStockOfferingMember2025-07-310001818874sofi:EmployeeStockOptionRestrictedStockUnitsAndPerformanceStockUnitsMember2025-09-300001818874sofi:EmployeeStockOptionRestrictedStockUnitsAndPerformanceStockUnitsMember2024-12-310001818874sofi:StockPlansMember2025-09-300001818874sofi:StockPlansMember2024-12-310001818874us-gaap:ConvertibleDebtMember2025-09-300001818874us-gaap:ConvertibleDebtMember2024-12-310001818874us-gaap:AccumulatedNetUnrealizedInvestmentGainLossMember2025-06-300001818874us-gaap:AccumulatedTranslationAdjustmentMember2025-06-300001818874us-gaap:AccumulatedNetUnrealizedInvestmentGainLossMember2025-07-012025-09-300001818874us-gaap:AccumulatedTranslationAdjustmentMember2025-07-012025-09-300001818874us-gaap:AccumulatedNetUnrealizedInvestmentGainLossMember2025-09-300001818874us-gaap:AccumulatedTranslationAdjustmentMember2025-09-300001818874us-gaap:AccumulatedNetUnrealizedInvestmentGainLossMember2024-06-300001818874us-gaap:AccumulatedTranslationAdjustmentMember2024-06-300001818874us-gaap:AccumulatedNetUnrealizedInvestmentGainLossMember2024-07-012024-09-300001818874us-gaap:AccumulatedTranslationAdjustmentMember2024-07-012024-09-300001818874us-gaap:AccumulatedNetUnrealizedInvestmentGainLossMember2024-09-300001818874us-gaap:AccumulatedTranslationAdjustmentMember2024-09-300001818874us-gaap:AccumulatedNetUnrealizedInvestmentGainLossMember2024-12-310001818874us-gaap:AccumulatedTranslationAdjustmentMember2024-12-310001818874us-gaap:AccumulatedNetUnrealizedInvestmentGainLossMember2025-01-012025-09-300001818874us-gaap:AccumulatedTranslationAdjustmentMember2025-01-012025-09-300001818874us-gaap:AccumulatedNetUnrealizedInvestmentGainLossMember2023-12-310001818874us-gaap:AccumulatedTranslationAdjustmentMember2023-12-310001818874us-gaap:AccumulatedNetUnrealizedInvestmentGainLossMember2024-01-012024-09-300001818874us-gaap:AccumulatedTranslationAdjustmentMember2024-01-012024-09-300001818874us-gaap:InterestRateSwapMembersofi:DesignedToManageFutureLoanSaleExecutionRiskMemberus-gaap:NondesignatedMember2025-07-012025-09-300001818874us-gaap:InterestRateSwapMembersofi:DesignedToManageFutureLoanSaleExecutionRiskMemberus-gaap:NondesignatedMember2024-07-012024-09-300001818874us-gaap:InterestRateSwapMembersofi:DesignedToManageFutureLoanSaleExecutionRiskMemberus-gaap:NondesignatedMember2025-01-012025-09-300001818874us-gaap:InterestRateSwapMembersofi:DesignedToManageFutureLoanSaleExecutionRiskMemberus-gaap:NondesignatedMember2024-01-012024-09-300001818874us-gaap:InterestRateCapMembersofi:DesignedToManageFutureLoanSaleExecutionRiskMemberus-gaap:NondesignatedMember2025-07-012025-09-300001818874us-gaap:InterestRateCapMembersofi:DesignedToManageFutureLoanSaleExecutionRiskMemberus-gaap:NondesignatedMember2024-07-012024-09-300001818874us-gaap:InterestRateCapMembersofi:DesignedToManageFutureLoanSaleExecutionRiskMemberus-gaap:NondesignatedMember2025-01-012025-09-300001818874us-gaap:InterestRateCapMembersofi:DesignedToManageFutureLoanSaleExecutionRiskMemberus-gaap:NondesignatedMember2024-01-012024-09-300001818874sofi:HomeLoanPipelineHedgesMembersofi:DesignedToManageFutureLoanSaleExecutionRiskMemberus-gaap:NondesignatedMember2025-07-012025-09-300001818874sofi:HomeLoanPipelineHedgesMembersofi:DesignedToManageFutureLoanSaleExecutionRiskMemberus-gaap:NondesignatedMember2024-07-012024-09-300001818874sofi:HomeLoanPipelineHedgesMembersofi:DesignedToManageFutureLoanSaleExecutionRiskMemberus-gaap:NondesignatedMember2025-01-012025-09-300001818874sofi:HomeLoanPipelineHedgesMembersofi:DesignedToManageFutureLoanSaleExecutionRiskMemberus-gaap:NondesignatedMember2024-01-012024-09-300001818874sofi:DesignedToManageFutureLoanSaleExecutionRiskMemberus-gaap:NondesignatedMember2025-07-012025-09-300001818874sofi:DesignedToManageFutureLoanSaleExecutionRiskMemberus-gaap:NondesignatedMember2024-07-012024-09-300001818874sofi:DesignedToManageFutureLoanSaleExecutionRiskMemberus-gaap:NondesignatedMember2025-01-012025-09-300001818874sofi:DesignedToManageFutureLoanSaleExecutionRiskMemberus-gaap:NondesignatedMember2024-01-012024-09-300001818874us-gaap:InterestRateSwapMembersofi:NotDesignedToManageFutureLoanSaleExecutionRiskMemberus-gaap:NondesignatedMember2025-07-012025-09-300001818874us-gaap:InterestRateSwapMembersofi:NotDesignedToManageFutureLoanSaleExecutionRiskMemberus-gaap:NondesignatedMember2024-07-012024-09-300001818874us-gaap:InterestRateSwapMembersofi:NotDesignedToManageFutureLoanSaleExecutionRiskMemberus-gaap:NondesignatedMember2025-01-012025-09-300001818874us-gaap:InterestRateSwapMembersofi:NotDesignedToManageFutureLoanSaleExecutionRiskMemberus-gaap:NondesignatedMember2024-01-012024-09-300001818874us-gaap:InterestRateLockCommitmentsMembersofi:NotDesignedToManageFutureLoanSaleExecutionRiskMemberus-gaap:NondesignatedMember2025-07-012025-09-300001818874us-gaap:InterestRateLockCommitmentsMembersofi:NotDesignedToManageFutureLoanSaleExecutionRiskMemberus-gaap:NondesignatedMember2024-07-012024-09-300001818874us-gaap:InterestRateLockCommitmentsMembersofi:NotDesignedToManageFutureLoanSaleExecutionRiskMemberus-gaap:NondesignatedMember2025-01-012025-09-300001818874us-gaap:InterestRateLockCommitmentsMembersofi:NotDesignedToManageFutureLoanSaleExecutionRiskMemberus-gaap:NondesignatedMember2024-01-012024-09-300001818874us-gaap:InterestRateCapMembersofi:NotDesignedToManageFutureLoanSaleExecutionRiskMemberus-gaap:NondesignatedMember2025-07-012025-09-300001818874us-gaap:InterestRateCapMembersofi:NotDesignedToManageFutureLoanSaleExecutionRiskMemberus-gaap:NondesignatedMember2024-07-012024-09-300001818874us-gaap:InterestRateCapMembersofi:NotDesignedToManageFutureLoanSaleExecutionRiskMemberus-gaap:NondesignatedMember2025-01-012025-09-300001818874us-gaap:InterestRateCapMembersofi:NotDesignedToManageFutureLoanSaleExecutionRiskMemberus-gaap:NondesignatedMember2024-01-012024-09-300001818874sofi:CreditDerivativesMembersofi:NotDesignedToManageFutureLoanSaleExecutionRiskMemberus-gaap:NondesignatedMember2025-07-012025-09-300001818874sofi:CreditDerivativesMembersofi:NotDesignedToManageFutureLoanSaleExecutionRiskMemberus-gaap:NondesignatedMember2024-07-012024-09-300001818874sofi:CreditDerivativesMembersofi:NotDesignedToManageFutureLoanSaleExecutionRiskMemberus-gaap:NondesignatedMember2025-01-012025-09-300001818874sofi:CreditDerivativesMembersofi:NotDesignedToManageFutureLoanSaleExecutionRiskMemberus-gaap:NondesignatedMember2024-01-012024-09-300001818874sofi:DerivativeInstrumentPartnerWarrantsMembersofi:NotDesignedToManageFutureLoanSaleExecutionRiskMemberus-gaap:NondesignatedMember2025-07-012025-09-300001818874sofi:DerivativeInstrumentPartnerWarrantsMembersofi:NotDesignedToManageFutureLoanSaleExecutionRiskMemberus-gaap:NondesignatedMember2024-07-012024-09-300001818874sofi:DerivativeInstrumentPartnerWarrantsMembersofi:NotDesignedToManageFutureLoanSaleExecutionRiskMemberus-gaap:NondesignatedMember2025-01-012025-09-300001818874sofi:DerivativeInstrumentPartnerWarrantsMembersofi:NotDesignedToManageFutureLoanSaleExecutionRiskMemberus-gaap:NondesignatedMember2024-01-012024-09-300001818874us-gaap:NondesignatedMember2025-07-012025-09-300001818874us-gaap:NondesignatedMember2024-07-012024-09-300001818874us-gaap:NondesignatedMember2025-01-012025-09-300001818874us-gaap:NondesignatedMember2024-01-012024-09-300001818874us-gaap:InterestRateSwapMember2025-09-300001818874us-gaap:InterestRateSwapMember2024-12-310001818874sofi:HomeLoanPipelineHedgesMember2025-09-300001818874sofi:HomeLoanPipelineHedgesMember2024-12-310001818874us-gaap:InterestRateSwapMembersofi:DesignedToManageFutureLoanSaleExecutionRiskMember2025-09-300001818874us-gaap:InterestRateSwapMembersofi:DesignedToManageFutureLoanSaleExecutionRiskMember2024-12-310001818874sofi:HomeLoanPipelineHedgesMembersofi:DesignedToManageFutureLoanSaleExecutionRiskMember2025-09-300001818874sofi:HomeLoanPipelineHedgesMembersofi:DesignedToManageFutureLoanSaleExecutionRiskMember2024-12-310001818874us-gaap:InterestRateSwapMembersofi:NotDesignedToManageFutureLoanSaleExecutionRiskMember2025-09-300001818874us-gaap:InterestRateSwapMembersofi:NotDesignedToManageFutureLoanSaleExecutionRiskMember2024-12-310001818874us-gaap:InterestRateLockCommitmentsMember2025-09-300001818874us-gaap:InterestRateLockCommitmentsMember2024-12-310001818874us-gaap:USTreasurySecuritiesMemberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel1Member2025-09-300001818874us-gaap:USTreasurySecuritiesMemberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel2Member2025-09-300001818874us-gaap:USTreasurySecuritiesMemberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel3Member2025-09-300001818874us-gaap:USTreasurySecuritiesMemberus-gaap:EstimateOfFairValueFairValueDisclosureMemberus-gaap:FairValueMeasurementsRecurringMember2025-09-300001818874us-gaap:USTreasurySecuritiesMemberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel1Member2024-12-310001818874us-gaap:USTreasurySecuritiesMemberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel2Member2024-12-310001818874us-gaap:USTreasurySecuritiesMemberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel3Member2024-12-310001818874us-gaap:USTreasurySecuritiesMemberus-gaap:EstimateOfFairValueFairValueDisclosureMemberus-gaap:FairValueMeasurementsRecurringMember2024-12-310001818874us-gaap:MortgageBackedSecuritiesMemberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel1Member2025-09-300001818874us-gaap:MortgageBackedSecuritiesMemberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel2Member2025-09-300001818874us-gaap:MortgageBackedSecuritiesMemberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel3Member2025-09-300001818874us-gaap:MortgageBackedSecuritiesMemberus-gaap:EstimateOfFairValueFairValueDisclosureMemberus-gaap:FairValueMeasurementsRecurringMember2025-09-300001818874us-gaap:MortgageBackedSecuritiesMemberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel1Member2024-12-310001818874us-gaap:MortgageBackedSecuritiesMemberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel2Member2024-12-310001818874us-gaap:MortgageBackedSecuritiesMemberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel3Member2024-12-310001818874us-gaap:MortgageBackedSecuritiesMemberus-gaap:EstimateOfFairValueFairValueDisclosureMemberus-gaap:FairValueMeasurementsRecurringMember2024-12-310001818874us-gaap:CorporateBondSecuritiesMemberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel1Member2025-09-300001818874us-gaap:CorporateBondSecuritiesMemberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel2Member2025-09-300001818874us-gaap:CorporateBondSecuritiesMemberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel3Member2025-09-300001818874us-gaap:CorporateBondSecuritiesMemberus-gaap:EstimateOfFairValueFairValueDisclosureMemberus-gaap:FairValueMeasurementsRecurringMember2025-09-300001818874us-gaap:CorporateBondSecuritiesMemberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel1Member2024-12-310001818874us-gaap:CorporateBondSecuritiesMemberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel2Member2024-12-310001818874us-gaap:CorporateBondSecuritiesMemberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel3Member2024-12-310001818874us-gaap:CorporateBondSecuritiesMemberus-gaap:EstimateOfFairValueFairValueDisclosureMemberus-gaap:FairValueMeasurementsRecurringMember2024-12-310001818874us-gaap:OtherDebtSecuritiesMemberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel1Member2025-09-300001818874us-gaap:OtherDebtSecuritiesMemberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel2Member2025-09-300001818874us-gaap:OtherDebtSecuritiesMemberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel3Member2025-09-300001818874us-gaap:OtherDebtSecuritiesMemberus-gaap:EstimateOfFairValueFairValueDisclosureMemberus-gaap:FairValueMeasurementsRecurringMember2025-09-300001818874us-gaap:OtherDebtSecuritiesMemberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel1Member2024-12-310001818874us-gaap:OtherDebtSecuritiesMemberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel2Member2024-12-310001818874us-gaap:OtherDebtSecuritiesMemberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel3Member2024-12-310001818874us-gaap:OtherDebtSecuritiesMemberus-gaap:EstimateOfFairValueFairValueDisclosureMemberus-gaap:FairValueMeasurementsRecurringMember2024-12-310001818874us-gaap:AssetBackedSecuritiesMemberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel1Member2025-09-300001818874us-gaap:AssetBackedSecuritiesMemberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel2Member2025-09-300001818874us-gaap:AssetBackedSecuritiesMemberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel3Member2025-09-300001818874us-gaap:AssetBackedSecuritiesMemberus-gaap:EstimateOfFairValueFairValueDisclosureMemberus-gaap:FairValueMeasurementsRecurringMember2025-09-300001818874us-gaap:AssetBackedSecuritiesMemberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel1Member2024-12-310001818874us-gaap:AssetBackedSecuritiesMemberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel2Member2024-12-310001818874us-gaap:AssetBackedSecuritiesMemberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel3Member2024-12-310001818874us-gaap:AssetBackedSecuritiesMemberus-gaap:EstimateOfFairValueFairValueDisclosureMemberus-gaap:FairValueMeasurementsRecurringMember2024-12-310001818874sofi:ResidualInvestmentsMemberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel1Member2025-09-300001818874sofi:ResidualInvestmentsMemberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel2Member2025-09-300001818874sofi:ResidualInvestmentsMemberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel3Member2025-09-300001818874sofi:ResidualInvestmentsMemberus-gaap:EstimateOfFairValueFairValueDisclosureMemberus-gaap:FairValueMeasurementsRecurringMember2025-09-300001818874sofi:ResidualInvestmentsMemberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel1Member2024-12-310001818874sofi:ResidualInvestmentsMemberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel2Member2024-12-310001818874sofi:ResidualInvestmentsMemberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel3Member2024-12-310001818874sofi:ResidualInvestmentsMemberus-gaap:EstimateOfFairValueFairValueDisclosureMemberus-gaap:FairValueMeasurementsRecurringMember2024-12-310001818874us-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel1Member2025-09-300001818874us-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel2Member2025-09-300001818874us-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel3Member2025-09-300001818874us-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel1Member2024-12-310001818874us-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel2Member2024-12-310001818874us-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel3Member2024-12-310001818874sofi:DerivativeInstrumentPartnerWarrantsMemberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel1Member2025-09-300001818874sofi:DerivativeInstrumentPartnerWarrantsMemberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel2Member2025-09-300001818874sofi:DerivativeInstrumentPartnerWarrantsMemberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel3Member2025-09-300001818874sofi:DerivativeInstrumentPartnerWarrantsMemberus-gaap:EstimateOfFairValueFairValueDisclosureMemberus-gaap:FairValueMeasurementsRecurringMember2025-09-300001818874sofi:DerivativeInstrumentPartnerWarrantsMemberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel1Member2024-12-310001818874sofi:DerivativeInstrumentPartnerWarrantsMemberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel2Member2024-12-310001818874sofi:DerivativeInstrumentPartnerWarrantsMemberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel3Member2024-12-310001818874sofi:DerivativeInstrumentPartnerWarrantsMemberus-gaap:EstimateOfFairValueFairValueDisclosureMemberus-gaap:FairValueMeasurementsRecurringMember2024-12-310001818874sofi:DerivativeAssetsSubjectToMasterNettingArrangementMemberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel1Member2025-09-300001818874sofi:DerivativeAssetsSubjectToMasterNettingArrangementMemberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel2Member2025-09-300001818874sofi:DerivativeAssetsSubjectToMasterNettingArrangementMemberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel3Member2025-09-300001818874sofi:DerivativeAssetsSubjectToMasterNettingArrangementMemberus-gaap:EstimateOfFairValueFairValueDisclosureMemberus-gaap:FairValueMeasurementsRecurringMember2025-09-300001818874sofi:DerivativeAssetsSubjectToMasterNettingArrangementMemberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel1Member2024-12-310001818874sofi:DerivativeAssetsSubjectToMasterNettingArrangementMemberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel2Member2024-12-310001818874sofi:DerivativeAssetsSubjectToMasterNettingArrangementMemberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel3Member2024-12-310001818874sofi:DerivativeAssetsSubjectToMasterNettingArrangementMemberus-gaap:EstimateOfFairValueFairValueDisclosureMemberus-gaap:FairValueMeasurementsRecurringMember2024-12-310001818874us-gaap:InterestRateLockCommitmentsMemberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel1Member2025-09-300001818874us-gaap:InterestRateLockCommitmentsMemberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel2Member2025-09-300001818874us-gaap:InterestRateLockCommitmentsMemberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel3Member2025-09-300001818874us-gaap:InterestRateLockCommitmentsMemberus-gaap:EstimateOfFairValueFairValueDisclosureMemberus-gaap:FairValueMeasurementsRecurringMember2025-09-300001818874us-gaap:InterestRateLockCommitmentsMemberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel1Member2024-12-310001818874us-gaap:InterestRateLockCommitmentsMemberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel2Member2024-12-310001818874us-gaap:InterestRateLockCommitmentsMemberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel3Member2024-12-310001818874us-gaap:InterestRateLockCommitmentsMemberus-gaap:EstimateOfFairValueFairValueDisclosureMemberus-gaap:FairValueMeasurementsRecurringMember2024-12-310001818874sofi:StudentLoanCommitmentsMemberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel1Member2025-09-300001818874sofi:StudentLoanCommitmentsMemberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel2Member2025-09-300001818874sofi:StudentLoanCommitmentsMemberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel3Member2025-09-300001818874sofi:StudentLoanCommitmentsMemberus-gaap:EstimateOfFairValueFairValueDisclosureMemberus-gaap:FairValueMeasurementsRecurringMember2025-09-300001818874sofi:StudentLoanCommitmentsMemberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel1Member2024-12-310001818874sofi:StudentLoanCommitmentsMemberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel2Member2024-12-310001818874sofi:StudentLoanCommitmentsMemberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel3Member2024-12-310001818874sofi:StudentLoanCommitmentsMemberus-gaap:EstimateOfFairValueFairValueDisclosureMemberus-gaap:FairValueMeasurementsRecurringMember2024-12-310001818874sofi:ResidualInterestsClassifiedAsDebtMemberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel1Member2025-09-300001818874sofi:ResidualInterestsClassifiedAsDebtMemberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel2Member2025-09-300001818874sofi:ResidualInterestsClassifiedAsDebtMemberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel3Member2025-09-300001818874sofi:ResidualInterestsClassifiedAsDebtMemberus-gaap:EstimateOfFairValueFairValueDisclosureMemberus-gaap:FairValueMeasurementsRecurringMember2025-09-300001818874sofi:ResidualInterestsClassifiedAsDebtMemberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel1Member2024-12-310001818874sofi:ResidualInterestsClassifiedAsDebtMemberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel2Member2024-12-310001818874sofi:ResidualInterestsClassifiedAsDebtMemberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel3Member2024-12-310001818874sofi:ResidualInterestsClassifiedAsDebtMemberus-gaap:EstimateOfFairValueFairValueDisclosureMemberus-gaap:FairValueMeasurementsRecurringMember2024-12-310001818874sofi:DerivativeLiabilitiesSubjectToMasterNettingArrangementMemberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel1Member2025-09-300001818874sofi:DerivativeLiabilitiesSubjectToMasterNettingArrangementMemberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel2Member2025-09-300001818874sofi:DerivativeLiabilitiesSubjectToMasterNettingArrangementMemberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel3Member2025-09-300001818874sofi:DerivativeLiabilitiesSubjectToMasterNettingArrangementMemberus-gaap:EstimateOfFairValueFairValueDisclosureMemberus-gaap:FairValueMeasurementsRecurringMember2025-09-300001818874sofi:DerivativeLiabilitiesSubjectToMasterNettingArrangementMemberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel1Member2024-12-310001818874sofi:DerivativeLiabilitiesSubjectToMasterNettingArrangementMemberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel2Member2024-12-310001818874sofi:DerivativeLiabilitiesSubjectToMasterNettingArrangementMemberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel3Member2024-12-310001818874sofi:DerivativeLiabilitiesSubjectToMasterNettingArrangementMemberus-gaap:EstimateOfFairValueFairValueDisclosureMemberus-gaap:FairValueMeasurementsRecurringMember2024-12-310001818874us-gaap:ConsumerLoanMember2025-06-300001818874us-gaap:ConsumerLoanMember2025-07-012025-09-300001818874us-gaap:ConsumerLoanMember2025-09-300001818874us-gaap:StudentLoanMember2025-06-300001818874us-gaap:StudentLoanMember2025-07-012025-09-300001818874us-gaap:StudentLoanMember2025-09-300001818874us-gaap:HomeEquityLoanMember2025-06-300001818874us-gaap:HomeEquityLoanMember2025-07-012025-09-300001818874us-gaap:HomeEquityLoanMember2025-09-300001818874us-gaap:FinanceReceivablesMember2025-06-300001818874us-gaap:FinanceReceivablesMember2025-07-012025-09-300001818874us-gaap:FinanceReceivablesMember2025-09-300001818874sofi:ServicingAssetMember2025-06-300001818874sofi:ServicingAssetMember2025-07-012025-09-300001818874sofi:ServicingAssetMember2025-09-300001818874sofi:ResidualInvestmentsMember2025-06-300001818874sofi:ResidualInvestmentsMember2025-07-012025-09-300001818874sofi:ResidualInvestmentsMember2025-09-300001818874us-gaap:InterestRateLockCommitmentsMember2025-06-300001818874us-gaap:InterestRateLockCommitmentsMember2025-07-012025-09-300001818874us-gaap:InterestRateLockCommitmentsMember2025-09-300001818874sofi:StudentLoanCommitmentsMember2025-06-300001818874sofi:StudentLoanCommitmentsMember2025-07-012025-09-300001818874sofi:StudentLoanCommitmentsMember2025-09-300001818874sofi:DerivativeInstrumentPartnerWarrantsMember2025-06-300001818874sofi:DerivativeInstrumentPartnerWarrantsMember2025-07-012025-09-300001818874sofi:DerivativeInstrumentPartnerWarrantsMember2025-09-300001818874sofi:ResidualInterestsClassifiedAsDebtMember2025-06-300001818874sofi:ResidualInterestsClassifiedAsDebtMember2025-07-012025-09-300001818874sofi:ResidualInterestsClassifiedAsDebtMember2025-09-300001818874us-gaap:ConsumerLoanMember2024-12-310001818874us-gaap:ConsumerLoanMember2025-01-012025-09-300001818874us-gaap:StudentLoanMember2024-12-310001818874us-gaap:StudentLoanMember2025-01-012025-09-300001818874us-gaap:HomeEquityLoanMember2024-12-310001818874us-gaap:HomeEquityLoanMember2025-01-012025-09-300001818874us-gaap:FinanceReceivablesMember2024-12-310001818874us-gaap:FinanceReceivablesMember2025-01-012025-09-300001818874sofi:ServicingAssetMember2024-12-310001818874sofi:ServicingAssetMember2025-01-012025-09-300001818874sofi:ResidualInvestmentsMember2024-12-310001818874sofi:ResidualInvestmentsMember2025-01-012025-09-300001818874us-gaap:InterestRateLockCommitmentsMember2024-12-310001818874us-gaap:InterestRateLockCommitmentsMember2025-01-012025-09-300001818874sofi:StudentLoanCommitmentsMember2024-12-310001818874sofi:StudentLoanCommitmentsMember2025-01-012025-09-300001818874sofi:DerivativeInstrumentPartnerWarrantsMember2024-12-310001818874sofi:DerivativeInstrumentPartnerWarrantsMember2025-01-012025-09-300001818874sofi:ResidualInterestsClassifiedAsDebtMember2024-12-310001818874sofi:ResidualInterestsClassifiedAsDebtMember2025-01-012025-09-300001818874us-gaap:ConsumerLoanMember2024-06-300001818874us-gaap:ConsumerLoanMember2024-07-012024-09-300001818874us-gaap:ConsumerLoanMember2024-09-300001818874us-gaap:StudentLoanMember2024-06-300001818874us-gaap:StudentLoanMember2024-07-012024-09-300001818874us-gaap:StudentLoanMember2024-09-300001818874us-gaap:HomeEquityLoanMember2024-06-300001818874us-gaap:HomeEquityLoanMember2024-07-012024-09-300001818874us-gaap:HomeEquityLoanMember2024-09-300001818874us-gaap:FinanceReceivablesMember2024-06-300001818874us-gaap:FinanceReceivablesMember2024-07-012024-09-300001818874us-gaap:FinanceReceivablesMember2024-09-300001818874sofi:ServicingAssetMember2024-06-300001818874sofi:ServicingAssetMember2024-07-012024-09-300001818874sofi:ServicingAssetMember2024-09-300001818874sofi:ResidualInvestmentsMember2024-06-300001818874sofi:ResidualInvestmentsMember2024-07-012024-09-300001818874sofi:ResidualInvestmentsMember2024-09-300001818874us-gaap:InterestRateLockCommitmentsMember2024-06-300001818874us-gaap:InterestRateLockCommitmentsMember2024-07-012024-09-300001818874us-gaap:InterestRateLockCommitmentsMember2024-09-300001818874sofi:StudentLoanCommitmentsMember2024-06-300001818874sofi:StudentLoanCommitmentsMember2024-07-012024-09-300001818874sofi:StudentLoanCommitmentsMember2024-09-300001818874sofi:DerivativeInstrumentPartnerWarrantsMember2024-06-300001818874sofi:DerivativeInstrumentPartnerWarrantsMember2024-07-012024-09-300001818874sofi:DerivativeInstrumentPartnerWarrantsMember2024-09-300001818874sofi:ResidualInterestsClassifiedAsDebtMember2024-06-300001818874sofi:ResidualInterestsClassifiedAsDebtMember2024-07-012024-09-300001818874sofi:ResidualInterestsClassifiedAsDebtMember2024-09-300001818874us-gaap:ConsumerLoanMember2023-12-310001818874us-gaap:ConsumerLoanMember2024-01-012024-09-300001818874us-gaap:StudentLoanMember2023-12-310001818874us-gaap:StudentLoanMember2024-01-012024-09-300001818874us-gaap:HomeEquityLoanMember2023-12-310001818874us-gaap:HomeEquityLoanMember2024-01-012024-09-300001818874us-gaap:FinanceReceivablesMember2023-12-310001818874us-gaap:FinanceReceivablesMember2024-01-012024-09-300001818874sofi:ServicingAssetMember2023-12-310001818874sofi:ServicingAssetMember2024-01-012024-09-300001818874sofi:ResidualInvestmentsMember2023-12-310001818874sofi:ResidualInvestmentsMember2024-01-012024-09-300001818874us-gaap:InterestRateLockCommitmentsMember2023-12-310001818874us-gaap:InterestRateLockCommitmentsMember2024-01-012024-09-300001818874sofi:StudentLoanCommitmentsMember2023-12-310001818874sofi:StudentLoanCommitmentsMember2024-01-012024-09-300001818874sofi:DerivativeInstrumentPartnerWarrantsMember2023-12-310001818874sofi:DerivativeInstrumentPartnerWarrantsMember2024-01-012024-09-300001818874sofi:ResidualInterestsClassifiedAsDebtMember2023-12-310001818874sofi:ResidualInterestsClassifiedAsDebtMember2024-01-012024-09-300001818874sofi:PersonalLoanPortfolioSegmentMembersrt:MinimumMemberus-gaap:MeasurementInputPrepaymentRateMember2025-09-300001818874sofi:PersonalLoanPortfolioSegmentMembersrt:MaximumMemberus-gaap:MeasurementInputPrepaymentRateMember2025-09-300001818874sofi:PersonalLoanPortfolioSegmentMembersrt:WeightedAverageMemberus-gaap:MeasurementInputPrepaymentRateMember2025-09-300001818874sofi:PersonalLoanPortfolioSegmentMembersrt:MinimumMemberus-gaap:MeasurementInputPrepaymentRateMember2024-12-310001818874sofi:PersonalLoanPortfolioSegmentMembersrt:MaximumMemberus-gaap:MeasurementInputPrepaymentRateMember2024-12-310001818874sofi:PersonalLoanPortfolioSegmentMembersrt:WeightedAverageMemberus-gaap:MeasurementInputPrepaymentRateMember2024-12-310001818874sofi:PersonalLoanPortfolioSegmentMembersrt:MinimumMemberus-gaap:MeasurementInputDefaultRateMember2025-09-300001818874sofi:PersonalLoanPortfolioSegmentMembersrt:MaximumMemberus-gaap:MeasurementInputDefaultRateMember2025-09-300001818874sofi:PersonalLoanPortfolioSegmentMembersrt:WeightedAverageMemberus-gaap:MeasurementInputDefaultRateMember2025-09-300001818874sofi:PersonalLoanPortfolioSegmentMembersrt:MinimumMemberus-gaap:MeasurementInputDefaultRateMember2024-12-310001818874sofi:PersonalLoanPortfolioSegmentMembersrt:MaximumMemberus-gaap:MeasurementInputDefaultRateMember2024-12-310001818874sofi:PersonalLoanPortfolioSegmentMembersrt:WeightedAverageMemberus-gaap:MeasurementInputDefaultRateMember2024-12-310001818874sofi:PersonalLoanPortfolioSegmentMembersrt:MinimumMemberus-gaap:MeasurementInputDiscountRateMember2025-09-300001818874sofi:PersonalLoanPortfolioSegmentMembersrt:MaximumMemberus-gaap:MeasurementInputDiscountRateMember2025-09-300001818874sofi:PersonalLoanPortfolioSegmentMembersrt:WeightedAverageMemberus-gaap:MeasurementInputDiscountRateMember2025-09-300001818874sofi:PersonalLoanPortfolioSegmentMembersrt:MinimumMemberus-gaap:MeasurementInputDiscountRateMember2024-12-310001818874sofi:PersonalLoanPortfolioSegmentMembersrt:MaximumMemberus-gaap:MeasurementInputDiscountRateMember2024-12-310001818874sofi:PersonalLoanPortfolioSegmentMembersrt:WeightedAverageMemberus-gaap:MeasurementInputDiscountRateMember2024-12-310001818874sofi:StudentLoanPortfolioSegmentMembersrt:MinimumMemberus-gaap:MeasurementInputPrepaymentRateMember2025-09-300001818874sofi:StudentLoanPortfolioSegmentMembersrt:MaximumMemberus-gaap:MeasurementInputPrepaymentRateMember2025-09-300001818874sofi:StudentLoanPortfolioSegmentMembersrt:WeightedAverageMemberus-gaap:MeasurementInputPrepaymentRateMember2025-09-300001818874sofi:StudentLoanPortfolioSegmentMembersrt:MinimumMemberus-gaap:MeasurementInputPrepaymentRateMember2024-12-310001818874sofi:StudentLoanPortfolioSegmentMembersrt:MaximumMemberus-gaap:MeasurementInputPrepaymentRateMember2024-12-310001818874sofi:StudentLoanPortfolioSegmentMembersrt:WeightedAverageMemberus-gaap:MeasurementInputPrepaymentRateMember2024-12-310001818874sofi:StudentLoanPortfolioSegmentMembersrt:MinimumMemberus-gaap:MeasurementInputDefaultRateMember2025-09-300001818874sofi:StudentLoanPortfolioSegmentMembersrt:MaximumMemberus-gaap:MeasurementInputDefaultRateMember2025-09-300001818874sofi:StudentLoanPortfolioSegmentMembersrt:WeightedAverageMemberus-gaap:MeasurementInputDefaultRateMember2025-09-300001818874sofi:StudentLoanPortfolioSegmentMembersrt:MinimumMemberus-gaap:MeasurementInputDefaultRateMember2024-12-310001818874sofi:StudentLoanPortfolioSegmentMembersrt:MaximumMemberus-gaap:MeasurementInputDefaultRateMember2024-12-310001818874sofi:StudentLoanPortfolioSegmentMembersrt:WeightedAverageMemberus-gaap:MeasurementInputDefaultRateMember2024-12-310001818874sofi:StudentLoanPortfolioSegmentMembersrt:MinimumMemberus-gaap:MeasurementInputDiscountRateMember2025-09-300001818874sofi:StudentLoanPortfolioSegmentMembersrt:MaximumMemberus-gaap:MeasurementInputDiscountRateMember2025-09-300001818874sofi:StudentLoanPortfolioSegmentMembersrt:WeightedAverageMemberus-gaap:MeasurementInputDiscountRateMember2025-09-300001818874sofi:StudentLoanPortfolioSegmentMembersrt:MinimumMemberus-gaap:MeasurementInputDiscountRateMember2024-12-310001818874sofi:StudentLoanPortfolioSegmentMembersrt:MaximumMemberus-gaap:MeasurementInputDiscountRateMember2024-12-310001818874sofi:StudentLoanPortfolioSegmentMembersrt:WeightedAverageMemberus-gaap:MeasurementInputDiscountRateMember2024-12-310001818874sofi:HomeLoanPortfolioSegmentMembersrt:MinimumMemberus-gaap:MeasurementInputPrepaymentRateMember2025-09-300001818874sofi:HomeLoanPortfolioSegmentMembersrt:MaximumMemberus-gaap:MeasurementInputPrepaymentRateMember2025-09-300001818874sofi:HomeLoanPortfolioSegmentMembersrt:WeightedAverageMemberus-gaap:MeasurementInputPrepaymentRateMember2025-09-300001818874sofi:HomeLoanPortfolioSegmentMembersrt:MinimumMemberus-gaap:MeasurementInputPrepaymentRateMember2024-12-310001818874sofi:HomeLoanPortfolioSegmentMembersrt:MaximumMemberus-gaap:MeasurementInputPrepaymentRateMember2024-12-310001818874sofi:HomeLoanPortfolioSegmentMembersrt:WeightedAverageMemberus-gaap:MeasurementInputPrepaymentRateMember2024-12-310001818874sofi:HomeLoanPortfolioSegmentMembersrt:MinimumMemberus-gaap:MeasurementInputDefaultRateMember2025-09-300001818874sofi:HomeLoanPortfolioSegmentMembersrt:MaximumMemberus-gaap:MeasurementInputDefaultRateMember2025-09-300001818874sofi:HomeLoanPortfolioSegmentMembersrt:WeightedAverageMemberus-gaap:MeasurementInputDefaultRateMember2025-09-300001818874sofi:HomeLoanPortfolioSegmentMembersrt:MinimumMemberus-gaap:MeasurementInputDefaultRateMember2024-12-310001818874sofi:HomeLoanPortfolioSegmentMembersrt:MaximumMemberus-gaap:MeasurementInputDefaultRateMember2024-12-310001818874sofi:HomeLoanPortfolioSegmentMembersrt:WeightedAverageMemberus-gaap:MeasurementInputDefaultRateMember2024-12-310001818874sofi:HomeLoanPortfolioSegmentMembersrt:MinimumMemberus-gaap:MeasurementInputDiscountRateMember2025-09-300001818874sofi:HomeLoanPortfolioSegmentMembersrt:MaximumMemberus-gaap:MeasurementInputDiscountRateMember2025-09-300001818874sofi:HomeLoanPortfolioSegmentMembersrt:WeightedAverageMemberus-gaap:MeasurementInputDiscountRateMember2025-09-300001818874sofi:HomeLoanPortfolioSegmentMembersrt:MinimumMemberus-gaap:MeasurementInputDiscountRateMember2024-12-310001818874sofi:HomeLoanPortfolioSegmentMembersrt:MaximumMemberus-gaap:MeasurementInputDiscountRateMember2024-12-310001818874sofi:HomeLoanPortfolioSegmentMembersrt:WeightedAverageMemberus-gaap:MeasurementInputDiscountRateMember2024-12-310001818874sofi:PersonalLoanPortfolioSegmentMembersrt:MinimumMemberus-gaap:MeasurementInputCostToSellMember2025-09-300001818874sofi:PersonalLoanPortfolioSegmentMembersrt:MaximumMemberus-gaap:MeasurementInputCostToSellMember2025-09-300001818874sofi:PersonalLoanPortfolioSegmentMembersrt:WeightedAverageMemberus-gaap:MeasurementInputCostToSellMember2025-09-300001818874sofi:PersonalLoanPortfolioSegmentMembersrt:MinimumMemberus-gaap:MeasurementInputCostToSellMember2024-12-310001818874sofi:PersonalLoanPortfolioSegmentMembersrt:MaximumMemberus-gaap:MeasurementInputCostToSellMember2024-12-310001818874sofi:PersonalLoanPortfolioSegmentMembersrt:WeightedAverageMemberus-gaap:MeasurementInputCostToSellMember2024-12-310001818874sofi:StudentLoanPortfolioSegmentMembersrt:MinimumMemberus-gaap:MeasurementInputCostToSellMember2025-09-300001818874sofi:StudentLoanPortfolioSegmentMembersrt:MaximumMemberus-gaap:MeasurementInputCostToSellMember2025-09-300001818874sofi:StudentLoanPortfolioSegmentMembersrt:WeightedAverageMemberus-gaap:MeasurementInputCostToSellMember2025-09-300001818874sofi:StudentLoanPortfolioSegmentMembersrt:MinimumMemberus-gaap:MeasurementInputCostToSellMember2024-12-310001818874sofi:StudentLoanPortfolioSegmentMembersrt:MaximumMemberus-gaap:MeasurementInputCostToSellMember2024-12-310001818874sofi:StudentLoanPortfolioSegmentMembersrt:WeightedAverageMemberus-gaap:MeasurementInputCostToSellMember2024-12-310001818874sofi:HomeLoanPortfolioSegmentMembersrt:MinimumMemberus-gaap:MeasurementInputCostToSellMember2025-09-300001818874sofi:HomeLoanPortfolioSegmentMembersrt:MaximumMemberus-gaap:MeasurementInputCostToSellMember2025-09-300001818874sofi:HomeLoanPortfolioSegmentMembersrt:WeightedAverageMemberus-gaap:MeasurementInputCostToSellMember2025-09-300001818874sofi:HomeLoanPortfolioSegmentMembersrt:MinimumMemberus-gaap:MeasurementInputCostToSellMember2024-12-310001818874sofi:HomeLoanPortfolioSegmentMembersrt:MaximumMemberus-gaap:MeasurementInputCostToSellMember2024-12-310001818874sofi:HomeLoanPortfolioSegmentMembersrt:WeightedAverageMemberus-gaap:MeasurementInputCostToSellMember2024-12-310001818874srt:MinimumMemberus-gaap:MeasurementInputPrepaymentRateMember2025-09-300001818874srt:MaximumMemberus-gaap:MeasurementInputPrepaymentRateMember2025-09-300001818874srt:WeightedAverageMemberus-gaap:MeasurementInputPrepaymentRateMember2025-09-300001818874srt:MinimumMemberus-gaap:MeasurementInputPrepaymentRateMember2024-12-310001818874srt:MaximumMemberus-gaap:MeasurementInputPrepaymentRateMember2024-12-310001818874srt:WeightedAverageMemberus-gaap:MeasurementInputPrepaymentRateMember2024-12-310001818874srt:MinimumMemberus-gaap:MeasurementInputDefaultRateMember2025-09-300001818874srt:MaximumMemberus-gaap:MeasurementInputDefaultRateMember2025-09-300001818874srt:WeightedAverageMemberus-gaap:MeasurementInputDefaultRateMember2025-09-300001818874srt:MinimumMemberus-gaap:MeasurementInputDefaultRateMember2024-12-310001818874srt:MaximumMemberus-gaap:MeasurementInputDefaultRateMember2024-12-310001818874srt:WeightedAverageMemberus-gaap:MeasurementInputDefaultRateMember2024-12-310001818874srt:MinimumMemberus-gaap:MeasurementInputDiscountRateMember2025-09-300001818874srt:MaximumMemberus-gaap:MeasurementInputDiscountRateMember2025-09-300001818874srt:WeightedAverageMemberus-gaap:MeasurementInputDiscountRateMember2025-09-300001818874srt:MinimumMemberus-gaap:MeasurementInputDiscountRateMember2024-12-310001818874srt:MaximumMemberus-gaap:MeasurementInputDiscountRateMember2024-12-310001818874srt:WeightedAverageMemberus-gaap:MeasurementInputDiscountRateMember2024-12-310001818874srt:MinimumMembersofi:MeasurementInputLoanFundingProbabilityMember2025-09-300001818874srt:MaximumMembersofi:MeasurementInputLoanFundingProbabilityMember2025-09-300001818874srt:WeightedAverageMembersofi:MeasurementInputLoanFundingProbabilityMember2025-09-300001818874srt:MinimumMembersofi:MeasurementInputLoanFundingProbabilityMember2024-12-310001818874srt:MaximumMembersofi:MeasurementInputLoanFundingProbabilityMember2024-12-310001818874srt:WeightedAverageMembersofi:MeasurementInputLoanFundingProbabilityMember2024-12-310001818874us-gaap:CarryingReportedAmountFairValueDisclosureMember2025-09-300001818874us-gaap:FairValueInputsLevel1Member2025-09-300001818874us-gaap:FairValueInputsLevel2Member2025-09-300001818874us-gaap:FairValueInputsLevel3Member2025-09-300001818874us-gaap:CarryingReportedAmountFairValueDisclosureMember2024-12-310001818874us-gaap:FairValueInputsLevel1Member2024-12-310001818874us-gaap:FairValueInputsLevel2Member2024-12-310001818874us-gaap:FairValueInputsLevel3Member2024-12-310001818874us-gaap:CarryingReportedAmountFairValueDisclosureMembersofi:ConvertibleSeniorNotesDue2026Memberus-gaap:ConvertibleDebtMember2025-09-300001818874us-gaap:CarryingReportedAmountFairValueDisclosureMembersofi:ConvertibleSeniorNotesDue2026Memberus-gaap:ConvertibleDebtMember2024-12-310001818874us-gaap:CarryingReportedAmountFairValueDisclosureMembersofi:ConvertibleSeniorNotesDue2029Memberus-gaap:ConvertibleDebtMember2025-09-300001818874us-gaap:CarryingReportedAmountFairValueDisclosureMembersofi:ConvertibleSeniorNotesDue2029Memberus-gaap:ConvertibleDebtMember2024-12-310001818874us-gaap:OtherAggregatedInvestmentsMemberus-gaap:EstimateOfFairValueFairValueDisclosureMemberus-gaap:FairValueMeasurementsNonrecurringMember2025-09-300001818874us-gaap:OtherAggregatedInvestmentsMemberus-gaap:EstimateOfFairValueFairValueDisclosureMemberus-gaap:FairValueMeasurementsNonrecurringMember2024-12-310001818874us-gaap:OtherAggregatedInvestmentsMemberus-gaap:EstimateOfFairValueFairValueDisclosureMemberus-gaap:FairValueMeasurementsNonrecurringMemberus-gaap:FairValueInputsLevel3Member2025-09-300001818874us-gaap:OtherAggregatedInvestmentsMemberus-gaap:EstimateOfFairValueFairValueDisclosureMemberus-gaap:FairValueMeasurementsNonrecurringMemberus-gaap:FairValueInputsLevel3Member2024-12-310001818874us-gaap:EmployeeStockMember2025-01-012025-09-300001818874us-gaap:ResearchAndDevelopmentExpenseMember2025-07-012025-09-300001818874us-gaap:ResearchAndDevelopmentExpenseMember2024-07-012024-09-300001818874us-gaap:ResearchAndDevelopmentExpenseMember2025-01-012025-09-300001818874us-gaap:ResearchAndDevelopmentExpenseMember2024-01-012024-09-300001818874us-gaap:SellingAndMarketingExpenseMember2025-07-012025-09-300001818874us-gaap:SellingAndMarketingExpenseMember2024-07-012024-09-300001818874us-gaap:SellingAndMarketingExpenseMember2025-01-012025-09-300001818874us-gaap:SellingAndMarketingExpenseMember2024-01-012024-09-300001818874us-gaap:CostOfSalesMember2025-07-012025-09-300001818874us-gaap:CostOfSalesMember2024-07-012024-09-300001818874us-gaap:CostOfSalesMember2025-01-012025-09-300001818874us-gaap:CostOfSalesMember2024-01-012024-09-300001818874us-gaap:GeneralAndAdministrativeExpenseMember2025-07-012025-09-300001818874us-gaap:GeneralAndAdministrativeExpenseMember2024-07-012024-09-300001818874us-gaap:GeneralAndAdministrativeExpenseMember2025-01-012025-09-300001818874us-gaap:GeneralAndAdministrativeExpenseMember2024-01-012024-09-3000018188742024-01-012024-12-310001818874us-gaap:RestrictedStockUnitsRSUMember2024-12-310001818874us-gaap:RestrictedStockUnitsRSUMember2025-01-012025-09-300001818874us-gaap:RestrictedStockUnitsRSUMember2025-09-300001818874us-gaap:PerformanceSharesMember2024-12-310001818874us-gaap:PerformanceSharesMember2025-01-012025-09-300001818874us-gaap:PerformanceSharesMember2025-09-300001818874us-gaap:PerformanceSharesMember2024-01-012024-09-300001818874us-gaap:PerformanceSharesMember2024-09-300001818874us-gaap:EmployeeStockMember2025-09-300001818874srt:MinimumMember2025-09-300001818874srt:MaximumMember2025-09-300001818874us-gaap:AssetPledgedAsCollateralMember2024-12-310001818874sofi:FundedLoanMember2025-09-300001818874us-gaap:UnfundedLoanCommitmentMember2025-09-300001818874srt:MaximumMemberus-gaap:UnfundedLoanCommitmentMember2025-09-300001818874us-gaap:RestrictedStockUnitsRSUMember2025-07-012025-09-300001818874us-gaap:RestrictedStockUnitsRSUMember2024-07-012024-09-300001818874us-gaap:RestrictedStockUnitsRSUMember2024-01-012024-09-300001818874us-gaap:EmployeeStockOptionMember2025-07-012025-09-300001818874us-gaap:EmployeeStockOptionMember2024-07-012024-09-300001818874us-gaap:EmployeeStockOptionMember2025-01-012025-09-300001818874us-gaap:EmployeeStockOptionMember2024-01-012024-09-300001818874us-gaap:EmployeeStockMember2025-07-012025-09-300001818874us-gaap:EmployeeStockMember2024-07-012024-09-300001818874us-gaap:EmployeeStockMember2024-01-012024-09-300001818874us-gaap:RestrictedStockUnitsRSUMember2025-07-012025-09-300001818874us-gaap:RestrictedStockUnitsRSUMember2024-07-012024-09-300001818874us-gaap:RestrictedStockUnitsRSUMember2025-01-012025-09-300001818874us-gaap:RestrictedStockUnitsRSUMember2024-01-012024-09-300001818874us-gaap:EmployeeStockOptionMember2025-07-012025-09-300001818874us-gaap:EmployeeStockOptionMember2024-07-012024-09-300001818874us-gaap:EmployeeStockOptionMember2025-01-012025-09-300001818874us-gaap:EmployeeStockOptionMember2024-01-012024-09-300001818874us-gaap:PerformanceSharesMember2025-07-012025-09-300001818874us-gaap:PerformanceSharesMember2024-07-012024-09-300001818874us-gaap:PerformanceSharesMember2025-01-012025-09-300001818874us-gaap:PerformanceSharesMember2024-01-012024-09-300001818874us-gaap:EmployeeStockMember2025-07-012025-09-300001818874us-gaap:EmployeeStockMember2024-07-012024-09-300001818874us-gaap:EmployeeStockMember2025-01-012025-09-300001818874us-gaap:EmployeeStockMember2024-01-012024-09-300001818874sofi:ContingentCommonStockAcquisitionsMember2025-07-012025-09-300001818874sofi:ContingentCommonStockAcquisitionsMember2024-07-012024-09-300001818874sofi:ContingentCommonStockAcquisitionsMember2025-01-012025-09-300001818874sofi:ContingentCommonStockAcquisitionsMember2024-01-012024-09-300001818874us-gaap:OperatingSegmentsMembersofi:LendingSegmentMember2025-07-012025-09-300001818874us-gaap:OperatingSegmentsMembersofi:TechnologyPlatformSegmentMember2025-07-012025-09-300001818874us-gaap:OperatingSegmentsMembersofi:FinancialServicesSegmentMember2025-07-012025-09-300001818874us-gaap:OperatingSegmentsMember2025-07-012025-09-300001818874us-gaap:CorporateNonSegmentMember2025-07-012025-09-300001818874us-gaap:OperatingSegmentsMembersofi:LendingSegmentMember2024-07-012024-09-300001818874us-gaap:OperatingSegmentsMembersofi:TechnologyPlatformSegmentMember2024-07-012024-09-300001818874us-gaap:OperatingSegmentsMembersofi:FinancialServicesSegmentMember2024-07-012024-09-300001818874us-gaap:OperatingSegmentsMember2024-07-012024-09-300001818874us-gaap:CorporateNonSegmentMember2024-07-012024-09-300001818874us-gaap:OperatingSegmentsMembersofi:LendingSegmentMember2025-01-012025-09-300001818874us-gaap:OperatingSegmentsMembersofi:TechnologyPlatformSegmentMember2025-01-012025-09-300001818874us-gaap:OperatingSegmentsMembersofi:FinancialServicesSegmentMember2025-01-012025-09-300001818874us-gaap:OperatingSegmentsMember2025-01-012025-09-300001818874us-gaap:CorporateNonSegmentMember2025-01-012025-09-300001818874us-gaap:OperatingSegmentsMembersofi:LendingSegmentMember2024-01-012024-09-300001818874us-gaap:OperatingSegmentsMembersofi:TechnologyPlatformSegmentMember2024-01-012024-09-300001818874us-gaap:OperatingSegmentsMembersofi:FinancialServicesSegmentMember2024-01-012024-09-300001818874us-gaap:OperatingSegmentsMember2024-01-012024-09-300001818874us-gaap:CorporateNonSegmentMember2024-01-012024-09-300001818874sofi:LendingSegmentMember2025-09-300001818874sofi:TechnologyPlatformSegmentMember2025-09-300001818874sofi:FinancialServicesSegmentMember2025-09-300001818874sofi:KelliKeoughMember2025-07-012025-09-300001818874sofi:KelliKeoughMember2025-09-30

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 10-Q

(Mark One)


☒			QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934
For the quarterly period ended September 30, 2025
			or
☐			TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934
For the transition period from to

Commission file number 001-39606

SoFi Technologies, Inc.

(Exact name of registrant as specified in its charter)


Delaware						98-1547291
(State or other jurisdiction of incorporation or organization)						(I.R.S. Employer Identification No.)
234 1st Street San Francisco, California						94105
(Address of principal executive offices)						(Zip Code)

(855) 456-7634

(Registrant’s telephone number, including area code)

Securities registered pursuant to Section 12(b) of the Act:

Title of each class

Trading Symbol(s)

Name of each exchange on which registered

Common stock, $0.0001 par value per share

SOFI

The Nasdaq Global Select Market

Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days. Yes ☒ No ☐

Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted and posted pursuant to Rule 405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit such files). Yes ☒ No ☐

Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reporting company, or an emerging growth company. See the definitions of “large accelerated filer,” “accelerated filer,” “smaller reporting company,” and “emerging growth company” in Rule 12b-2 of the Exchange Act.


Large accelerated filer	☒	Accelerated filer	☐
Non-accelerated filer	☐	Smaller reporting company	☐
		Emerging growth company	☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act). Yes ☐ No ☒

The number of shares of the registrant’s common stock, par value $0.0001 per share, outstanding as of October 31, 2025 was 1,205,903,044 shares.

SOFI TECHNOLOGIES, INC.

TABLE OF CONTENTS


		Page
Glossary of Terms and Acronyms		2
Forward-Looking Statements		3
PART I – FINANCIAL INFORMATION
Item 1.	Financial Statements
	Condensed Consolidated Balance Sheets	5
	Condensed Consolidated Statements of Operations and Comprehensive Income	7
	Condensed Consolidated Statements of Changes in Temporary Equity and Permanent Equity	8
	Condensed Consolidated Statements of Cash Flows	10
	Notes to Condensed Consolidated Financial Statements	12
	Note 1. Organization, Summary of Significant Accounting Policies and New Accounting Standards	12
	Note 2. Revenue	14
	Note 3. Loans	16
	Note 4. Allowance for Credit Losses	24
	Note 5. Investment Securities	26
	Note 6. Securitization and Variable Interest Entities	28
	Note 7. Deposits	30
	Note 8. Debt	31
	Note 9. Equity	33
	Note 10. Derivative Financial Instruments	35
	Note 11. Fair Value Measurements	37
	Note 12. Share-Based Compensation	45
	Note 13. Income Taxes	48
	Note 14. Commitments, Guarantees, Concentrations and Contingencies	48
	Note 15. Earnings Per Share	50
	Note 16. Business Segment Information	51
	Note 17. Subsequent Events	55
Item 2.	Management’s Discussion and Analysis of Financial Condition and Results of Operations	56
Item 3.	Quantitative and Qualitative Disclosures About Market Risk	103
Item 4.	Controls and Procedures	106

PART II – OTHER INFORMATION
Item 1.	Legal Proceedings	108
Item 1A.	Risk Factors	108
Item 2.	Unregistered Sales of Equity Securities and Use of Proceeds	110
Item 3.	Defaults Upon Senior Securities	110
Item 4.	Mine Safety Disclosures	110
Item 5.	Other Information	110
Item 6.	Exhibits	110

Signatures		111

SoFi Technologies, Inc.

TABLE OF CONTENTS

Glossary of Terms and Acronyms


ACH: Automated clearing house			FRB: Federal Reserve Bank of San Francisco
AFS: Available-for-sale			FTC: Federal Trade Commission
ALCO: Asset Liability Committee			FTP: Fund transfer pricing
AWS: Amazon Web Services			GAAP: U.S. Generally Accepted Accounting Principles
AOCI: Accumulated other comprehensive income (loss)			GLBA: Gramm-Leach-Bliley Act
ASU: Accounting Standards Update			Golden Pacific: Golden Pacific Bancorp, Inc.
ATDS: Automatic telephone dialing systems			GSE: Government-Sponsored Enterprise
BHCA: Bank Holding Company Act of 1956, as amended			HELOC: Home Equity Line of Credit
bps: Basis points			HFI: Held for investment
BSA: Bank Secrecy Act			HFS: Held for sale
Bank Merger: Acquisition of Golden Pacific Bancorp, Inc. and its wholly owned			HMDA: Home Mortgage Disclosure Act
subsidiary, Golden Pacific Bank, National Association, a national bank, in			IRLC: Interest rate lock commitment
February 2022			IRR: Interest rate risk
Business Combination: Transactions contemplated in a merger agreement entered			IRS: Internal Revenue Service
into by Social Finance, Inc. with Social Capital Hedosophia Holdings Corp. V on			LIBOR: London Inter-Bank Offered Rate
January 7, 2021			LIHTC: Low Income Housing Tax Credit
CARES Act: Coronavirus Aid, Relief, and Economic Security Act			LOCOM: Lower of cost or market
CCPA: California Consumer Privacy Act			MLA: Military Lending Act
CD: Community Development			MSB: Money services business
CET1: Common Equity Tier 1			MSRB: Municipal Securities Rulemaking Board
CFP: Certified financial planners			NACHA: National Automated Clearinghouse Association
CFPA: Consumer Financial Protection Act			Nasdaq: The Nasdaq Global Select Market
CFPB: Consumer Financial Protection Bureau			NII: Net Interest Income
CFTC: Commodity Futures Trading Commission			OCC: Office of the Comptroller of the Currency
CISO: Chief Information Security Officer			OFAC: Office of Foreign Assets Control
CODM: Chief Operating Decision Maker			PCD: Purchased credit deteriorated
CPA: Colorado Privacy Act			PD: Probability of Default
CPPA: California Privacy Protection Act			PFOF: Payment for order flow
CPRA: California Privacy Rights Act			PSU: Performance stock units
CRA: Community Reinvestment Act			QIA: Qatar Investment Authority
DACA: Deferred Access for Childhood Arrival			RESPA: Real Estate Settlement Procedures Act
DCF: Discounted cash flow			ROU: Right-of-use
DEP: Digital engagement practices			RSU: Restricted stock units
Dodd-Frank Act: Dodd-Frank Wall Street Reform and Consumer			SCH: Social Capital Hedosophia Holdings Corp. V
Protection Act of 2010			SCRA: Servicemembers’ Civil Relief Act
DSU: Deferred stock units			SEC: U.S. Securities and Exchange Commission
DTC: Depository Trust Company			SPAC: Special purpose acquisition company
EAD: Exposure at Default			Social Finance: Social Finance, LLC (formerly Social Finance, Inc.)
EBRC: Enterprise Broad Risk Committee			SoFi Bank: SoFi Bank, National Association
EC: European Commission			SoFi Capital Advisors: SoFi Capital Advisors, LLC
ECOA: Equal Credit Opportunity Act			SoFi Securities: SoFi Securities LLC
EFTA: Electronic Fund Transfer Act			SoFi Stadium: The LA Stadium and Entertainment District at Hollywood
EPS: Earnings (loss) per share of common stock			Park in Inglewood, California
ESG: Environmental, social and corporate governance			SoFi Wealth: SoFi Wealth LLC
ESIGN: Electronic Signatures in Global and National Commerce Act			SOFR: Secured Overnight Financing Rate
ESPP: Employee Stock Purchase Plan			SPE: Special purpose entity
ETF: Exchange-Traded Funds			SRO: Self-regulatory organizations
EVE: Economic value of equity			TBA: To-be-announced security
FCA: Financial Conduct Authority			TCJA: Tax Cuts and Jobs Act
FCRA: Fair Credit Reporting Act			TCPA: Federal Telephone Consumer Protection Act
FDCPA: Fair Debt Collection Practices Act			Technisys: Technisys S.A., a Luxembourg société anonyme
FDIA: Federal Deposit Insurance Act			TDR: Troubled debt restructuring
FDIC: Federal Deposit Insurance Corporation			TGL: TMRW Golf League
Federal Reserve: Board of Governors of the Federal Reserve System			TILA: Truth in Lending Act
FHA: Fair Housing Act			UDAAP: Unfair, deceptive or abusive acts or practices
FHFA: Federal Housing Finance Agency			UETA: Uniform Electronic Transactions Act
FHLB: Federal Home Loan Bank			VA: United Stated Department of Veterans Affairs
FinCEN: Financial Crimes Enforcement Network			VIE: Variable interest entity
FINRA: Financial Industry Regulatory Authority			Wyndham: Wyndham Capital Mortgage

SoFi Technologies, Inc.

TABLE OF CONTENTS

SoFi Technologies, Inc.

As used in this Quarterly Report on Form 10-Q, unless the context requires otherwise, references to “SoFi”, the “Company”, “we”, “us”, and “our”, and similar references refer to SoFi Technologies, Inc. and its wholly-owned subsidiaries.

Refer to Glossary of Terms and Acronyms for the definitions of certain terms, acronyms and abbreviations used in this document.

CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING STATEMENTS

This Quarterly Report on Form 10-Q contains statements that are forward-looking and as such are not historical facts. This includes, without limitation, statements regarding the financial position, business strategy and the plans and objectives of management for our future operations; anticipated trends and prospects in the industries in which our business operates; new products, services and related strategies; anticipated actions by governmental authorities; and macroeconomic conditions. These statements constitute projections, forecasts and forward-looking statements, and are not guarantees of performance. Such statements can be identified by the fact that they do not relate strictly to historical or current facts. When used in this Quarterly Report on Form 10-Q, words such as “aim”, “allow”, “anticipate”, “believe”, “can”, “continue”, “could”, “estimate”, “expect”, “if”, “intend”, “likely”, “may”, “might”, “opportunity”, “plan”, “possible”, “possibility”, “potential”, “predict”, “project”, “should”, “strive”, “will”, “would” and similar expressions may identify forward-looking statements, but the absence of these words does not mean that a statement is not forward-looking.

Forward-looking statements are subject to risks, uncertainties, and other factors described in Part I, Item 1A. Risk Factors in our Annual Report on Form 10-K, and elsewhere in this Quarterly Report on Form 10-Q and our other filings with the SEC and include, among other things:

•our ability to maintain or enhance profitability in the future;

•the impact on our business of the current and evolving regulatory environment and complexities associated with compliance;

•the effect and impact of evolving laws, rules, regulations, executive actions and government enforcement policies, including any federal or state loan forgiveness programs, as well as changes in government resources and personnel;

•the impact of adverse developments affecting the U.S. or global banking industry, including bank failures and liquidity concerns, which could cause economic and market volatility, and regulatory responses thereto;

•our ability to manage our growth effectively and execute our strategy with respect to the development and expansion of our business, including through continuing to enhance our brand and attract additional members;

•our ability to continue to originate and sell loans to third parties, and the impact of the performance of loans held on our balance sheet;

•our ability to access sources of capital on favorable terms, if at all, including debt financing, deposits and other sources of capital to finance operations and growth;

•our ability to continue to grow our fee-based revenue, expand our Loan Platform Business and diversify our sources of income;

•the impact of and our ability to respond to general economic conditions and other macroeconomic and geopolitical factors, such as elevated and fluctuating interest rates, inflationary pressures, trade restrictions such as sanctions, tariffs, reciprocal and retaliatory tariffs, and other tariff-related measures, global trade relations, counterparty risk, changing customer demand and employment rates, capital markets volatility, instability in the financial services industry, a potential U.S. government shutdown, uncertainty stemming from government actions and policies and regulatory priorities, the possibility of a recession, and domestic or international conflicts or disputes;

•the success of our marketing efforts and our ability to expand our member base;

•our ability to grow market share in existing markets or any new markets we may enter;

•our ability to develop new products and services (including our cryptocurrency and blockchain innovations), features and functionality that are competitive and meet market needs;

•our ability to diversify our business and broaden our suite of financial services offerings;

•our ability to realize the benefits of our strategy, including what we refer to as our Financial Services Productivity Loop, and achieve scale in our Financial Services segment;

•our ability to successfully operate as a bank holding company, and to operate SoFi Bank;

•our ability to make accurate credit and pricing decisions or effectively forecast our loss rates;

SoFi Technologies, Inc.

TABLE OF CONTENTS

•our ability to establish and maintain an effective system of internal controls over financial reporting;

•our ability to realize the anticipated benefits of prior acquisitions and any additional acquisitions we undertake;

•our ability to successfully expand our operations into foreign jurisdictions, including compliance with a variety of foreign laws; and

•the outcome of any legal or governmental proceedings that may be instituted against us.

Forward-looking statements are based on information available as of the date of this Quarterly Report on Form 10-Q and reflect current expectations, forecasts and assumptions, and involve a number of judgments, risks and uncertainties. New risks and uncertainties emerge from time to time, and it is not possible for us to predict all risks and uncertainties that could have an impact on the forward-looking statements contained in this Quarterly Report on Form 10-Q. The results, events, and circumstances reflected in the forward-looking statements may not be achieved or occur, and actual results, events, or circumstances could differ materially from those described in the forward-looking statements. Accordingly, forward-looking statements should not be relied upon as representing our views as of any subsequent date, and we do not undertake any obligation to update forward-looking statements to reflect events or circumstances after the date they were made, whether as a result of new information, future events or otherwise, except as may be required under applicable securities laws.

TRADEMARKS

This document contains references to trademarks, service marks and trade names owned by us or belonging to other entities. Solely for convenience, trademarks, service marks and trade names referred to in this document may appear without the ® or ™ symbols, but such references are not intended to indicate, in any way, that we or the applicable licensor will not assert, to the fullest extent under applicable law, our or its rights to these trademarks, service marks and trade names. SoFi Technologies does not intend its use or display of other companies’ trademarks, service marks or trade names to imply a relationship with, or endorsement or sponsorship of it by, any other companies. All trademarks, service marks and trade names included in this document are the property of their respective owners.

SoFi Technologies, Inc.

TABLE OF CONTENTS

PART I – FINANCIAL INFORMATION

Item 1. Financial Statements

SoFi Technologies, Inc.

Condensed Consolidated Balance Sheets

(Unaudited)

(In Thousands, Except for Share Data)


	September 30, 2025		December 31, 2024
Assets
Cash and cash equivalents	$	3,246,351	$	2,538,293
Restricted cash and restricted cash equivalents	500,096		171,067
Investment securities (includes available-for-sale securities of $2,393,242 and $1,804,043 at fair value with associated amortized cost of $2,375,811 and $1,807,686, as of September 30, 2025 and December 31, 2024, respectively)	2,512,437		1,895,689
Loans held for sale (includes $21.5 billion and $17.7 billion at fair value, as of September 30, 2025 and December 31, 2024, respectively)	21,587,350		17,684,892
Loans held for investment, at fair value	11,827,987		8,597,368
Loans held for investment, at amortized cost (less allowance for credit losses of $50,634 and $46,684, as of September 30, 2025 and December 31, 2024, respectively)	1,483,950		1,246,458
Servicing rights	383,526		342,128
Property, equipment and software	386,629		287,869
Goodwill	1,393,505		1,393,505
Intangible assets	247,845		297,794
Operating lease right-of-use assets	79,419		81,219
Other assets (less allowance for credit losses of $3,120 and $2,444, as of September 30, 2025 and December 31, 2024, respectively)	1,644,355		1,714,669
Total assets	$	45,293,450	$	36,250,951
Liabilities and permanent equity
Liabilities:
Deposits:
Interest-bearing deposits	$	32,805,663	$	25,861,400
Noninterest-bearing deposits	140,736		116,804
Total deposits	32,946,399		25,978,204
Accounts payable, accruals and other liabilities	759,612		556,923
Operating lease liabilities	93,004		97,389
Debt	2,713,942		3,092,692
Residual interests classified as debt	530		609
Total liabilities	36,513,487		29,725,817
Commitments, guarantees, concentrations and contingencies (Note 14)
Permanent equity:
Common stock, $0.00 par value: 3,100,000,000 and 3,100,000,000 shares authorized; 1,204,569,655 and 1,095,357,781 shares issued and outstanding, as of September 30, 2025 and December 31, 2024, respectively(1)	120		109
Additional paid-in capital	9,768,122		7,838,988
Accumulated other comprehensive income (loss)	9,548		(8,365)
Accumulated deficit	(997,827)		(1,305,598)
Total permanent equity	8,779,963		6,525,134
Total liabilities and permanent equity	$	45,293,450	$	36,250,951

______________

(1)Includes 100,000,000 non-voting common shares authorized and no non-voting common shares issued and outstanding as of September 30, 2025 and December 31, 2024. See Note 9. Equity for additional information.

The accompanying notes are an integral part of these condensed consolidated financial statements.

SoFi Technologies, Inc.

TABLE OF CONTENTS

SoFi Technologies, Inc.

Condensed Consolidated Balance Sheets (Continued)

(Unaudited)

(In Thousands, Except for Share Data)

The following table presents the assets and liabilities of consolidated VIEs which are included in our condensed consolidated balance sheets. The assets in the below table may only be used to settle obligations of consolidated VIEs and are in excess of those obligations as of the dates presented. Additionally, the assets and liabilities in the table below exclude intercompany balances, which eliminate upon consolidation. See Note 6. Securitization and Variable Interest Entities for additional information.


	September 30, 2025		December 31, 2024
Assets
Restricted cash and restricted cash equivalents	$	2,098	$	20,719
Loans held for sale, at fair value	—		171,421
Loans held for investment, at fair value	69,333		80,812
Total assets	$	71,431	$	272,952
Liabilities
Accounts payable, accruals and other liabilities	$	91	$	117
Debt	56,905		80,878
Residual interests classified as debt	530		609
Total liabilities	$	57,526	$	81,604

The accompanying notes are an integral part of these condensed consolidated financial statements.

SoFi Technologies, Inc.

TABLE OF CONTENTS

SoFi Technologies, Inc.

Condensed Consolidated Statements of Operations and Comprehensive Income

(Unaudited)

(In Thousands, Except for Per Share Data)


	Three Months Ended September 30,				Nine Months Ended September 30,
	2025		2024		2025		2024
Interest income
Loans and securitizations	$	830,156	$	671,976	$	2,281,894	$	1,913,265
Other	61,405		51,398		165,884		150,615
Total interest income	891,561		723,374		2,447,778		2,063,880
Interest expense
Securitizations and warehouses	29,849		31,093		87,643		89,376
Deposits	264,901		248,292		723,532		691,558
Corporate borrowings	11,595		12,871		34,527		36,307
Other	102		108		399		327
Total interest expense	306,447		292,364		846,101		817,568
Net interest income	585,114		431,010		1,601,677		1,246,312
Noninterest income
Loan origination, sales, securitizations and servicing	65,431		80,012		189,091		205,517
Technology products and solutions	89,707		90,896		266,940		262,434
Loan platform fees	164,897		55,641		385,052		78,373
Other	56,451		39,562		145,543		148,098
Total noninterest income	376,486		266,111		986,626		694,422
Total net revenue	961,600		697,121		2,588,303		1,940,734
Provision for credit losses	9,199		6,013		24,912		24,835
Noninterest expense
Technology and product development	167,144		139,714		475,496		402,801
Sales and marketing	286,878		214,904		789,798		567,032
Cost of operations	161,423		123,714		447,380		333,478
General and administrative	188,405		148,921		510,192		439,167
Total noninterest expense	803,850		627,253		2,222,866		1,742,478
Income before income taxes	148,551		63,855		340,525		173,421
Income tax expense	(9,159)		(3,110)		(32,754)		(7,229)
Net income	$	139,392	$	60,745	$	307,771	$	166,192
Other comprehensive income
Unrealized gains on available-for-sale securities, net	6,183		9,029		18,973		9,070
Foreign currency translation adjustments, net	(228)		563		(1,060)		248
Total other comprehensive income	5,955		9,592		17,913		9,318
Comprehensive income	$	145,347	$	70,337	$	325,684	$	175,510
Earnings per share (Note 15)
Earnings per share – basic	$	0.12	$	0.06	$	0.27	$	0.14
Earnings per share – diluted	$	0.11	$	0.05	$	0.25	$	0.08
Weighted average common stock outstanding – basic	1,171,205		1,071,160		1,125,670		1,037,579
Weighted average common stock outstanding – diluted	1,291,011		1,104,450		1,220,053		1,078,402

The accompanying notes are an integral part of these condensed consolidated financial statements.

SoFi Technologies, Inc.

TABLE OF CONTENTS

SoFi Technologies, Inc.

Condensed Consolidated Statements of Changes in Temporary Equity and Permanent Equity

(Unaudited)

(In Thousands, Except for Share Data)


	Common Stock			Additional Paid-In Capital		Accumulated Other Comprehensive Income		Accumulated Deficit		Permanent Equity
	Shares	Amount
Balance at June 30, 2025	1,113,442,968	$	111	$	7,994,095	$	3,593	$	(1,137,219)	$	6,860,580
Share-based compensation expense	—	—		79,416		—		—		79,416

Vesting of RSUs	7,897,490	1		(1)		—		—		—
Stock withheld related to taxes on vested RSUs	(375,786)	—		(9,958)		—		—		(9,958)
Exercise of common stock options	871,166	—		5,852		—		—		5,852
Issuance of common stock	82,733,817	8		1,698,718		—		—		1,698,726

Net income	—	—		—		—		139,392		139,392
Other comprehensive income, net of taxes	—	—		—		5,955		—		5,955
Balance at September 30, 2025	1,204,569,655	$	120	$	9,768,122	$	9,548	$	(997,827)	$	8,779,963

	Common Stock			Additional Paid-In Capital		Accumulated Other Comprehensive Income (Loss)		Accumulated Deficit		Permanent Equity
	Shares	Amount
Balance at January 1, 2025	1,095,357,781	$	109	$	7,838,988	$	(8,365)	$	(1,305,598)	$	6,525,134
Share-based compensation expense	—	—		231,857		—		—		231,857

Vesting of RSUs	25,674,338	3		(3)		—		—		—
Stock withheld related to taxes on vested RSUs	(1,173,125)	—		(19,849)		—		—		(19,849)
Exercise of common stock options	1,004,945	—		6,647		—		—		6,647
Issuance of common stock	82,733,817	8		1,698,718		—		—		1,698,726
Employee stock purchase plan	971,899	—		11,764		—		—		11,764
Net income	—	—		—		—		307,771		307,771
Other comprehensive income, net of taxes	—	—		—		17,913		—		17,913
Balance at September 30, 2025	1,204,569,655	$	120	$	9,768,122	$	9,548	$	(997,827)	$	8,779,963

The accompanying notes are an integral part of these condensed consolidated financial statements.

SoFi Technologies, Inc.

TABLE OF CONTENTS

SoFi Technologies, Inc.

Condensed Consolidated Statements of Changes in Temporary Equity and Permanent Equity (Continued)

(Unaudited)

(In Thousands, Except for Share Data)


	Common Stock			Additional Paid-In Capital		Accumulated Other Comprehensive Income (Loss)		Accumulated Deficit		Permanent Equity		Temporary Equity
	Shares	Amount										Shares	Amount
Balance at June 30, 2024	1,065,112,270	$	106	$	7,601,687	$	(1,483)	$	(1,698,816)	$	5,901,494	—	$	—
Share-based compensation expense	—	—		74,532		—		—		74,532		—	—

Vesting of RSUs	8,907,950	1		(1)		—		—		—		—	—
Stock withheld related to taxes on vested RSUs	(624,127)	—		(4,883)		—		—		(4,883)		—	—
Exercise of common stock options	148,628	—		138		—		—		138		—	—

Extinguishment of convertible notes by issuance of common stock	10,591,795	1		79,862		—		—		79,863		—	—


Net income	—	—		—		—		60,745		60,745		—	—
Other comprehensive income, net of taxes	—	—		—		9,592		—		9,592		—	—
Balance at September 30, 2024	1,084,136,516	$	108	$	7,751,335	$	8,109	$	(1,638,071)	$	6,121,481	—	$	—

	Common Stock			Additional Paid-In Capital		Accumulated Other Comprehensive Income (Loss)		Accumulated Deficit		Permanent Equity		Temporary Equity
	Shares	Amount										Shares	Amount
Balance at January 1, 2024	975,861,793	$	97	$	7,039,987	$	(1,209)	$	(1,804,263)	$	5,234,612	3,234,000	$	320,374
Share-based compensation expense	—	—		209,082		—		—		209,082		—	—
Vesting of RSUs	26,438,360	3		(3)		—		—		—		—	—
Stock withheld related to taxes on vested RSUs	(1,773,092)	—		(12,641)		—		—		(12,641)		—	—
Exercise of common stock options	395,781	—		770		—		—		770		—	—
Extinguishment of convertible notes by issuance of common stock	83,213,674	8		614,138		—		—		614,146		—	—
Purchases of capped calls	—	—		(90,649)		—		—		(90,649)		—	—
Unwind of capped calls	—	—		10,180		—		—		10,180		—	—
Redeemable preferred stock dividends	—	—		(16,503)		—		—		(16,503)		—	—
Preferred stock redemption	—	—		(3,026)		—		—		(3,026)		(3,234,000)	(320,374)
Net income	—	—		—		—		166,192		166,192		—	—
Other comprehensive income, net of taxes	—	—		—		9,318		—		9,318		—	—
Balance at September 30, 2024	1,084,136,516	$	108	$	7,751,335	$	8,109	$	(1,638,071)	$	6,121,481	—	$	—

The accompanying notes are an integral part of these condensed consolidated financial statements.

SoFi Technologies, Inc.

TABLE OF CONTENTS

SoFi Technologies, Inc.

Condensed Consolidated Statements of Cash Flows

(Unaudited)

(In Thousands)


	Nine Months Ended September 30,
	2025		2024
Operating activities
Net income	$	307,771	$	166,192
Adjustments to reconcile net income to net cash used in operating activities:
Share-based compensation expense	193,481		179,785
Depreciation and amortization	171,271		149,953
Deferred debt issuance and discount expense	8,367		10,821
Gain on extinguishment of convertible debt	—		(62,517)
Provision for credit losses	24,912		24,835
Deferred income taxes	26,558		(2,934)
Fair value changes in loans held for investment	(270,698)		(149,474)
Fair value changes in securitization investments	(1,582)		(3,311)
Other	9,396		1,727
Changes in loans held for sale, net	(3,982,094)		(1,959,781)
Changes in accrued interest on loans	(20,838)		(6,164)
Changes in loans previously classified as held for sale, net	673,997		983,783
Changes in servicing assets	(41,397)		(115,658)
Changes in other assets	(21,215)		(166,555)
Changes in other liabilities	170,791		29,594
Net cash used in operating activities	$	(2,751,280)	$	(919,704)
Investing activities
Purchases of property, equipment and software	$	(176,047)	$	(112,002)
Capitalized software development costs	(7,351)		(7,384)
Purchases of available-for-sale investments	(1,124,421)		(1,659,296)
Proceeds from sales of available-for-sale investments	249,488		164,623
Proceeds from maturities and paydowns of available-for-sale investments	339,013		616,451
Purchases of loans held for investment	(1,439,681)		—
Proceeds from sales of loans held for investment	392,607		434,483
Other changes in loans held for investment, net	(2,859,336)		(3,029,395)
Proceeds from securitization investments	49,406		69,455
Proceeds from non-securitization investments	16,334		3,579
Purchases of non-securitization investments	(62,167)		(20,620)
Net cash used in investing activities	$	(4,622,155)	$	(3,540,106)

The accompanying notes are an integral part of these condensed consolidated financial statements.

SoFi Technologies, Inc.

TABLE OF CONTENTS

SoFi Technologies, Inc.

Condensed Consolidated Statements of Cash Flows (Continued)

(Unaudited)

(In Thousands)


	Nine Months Ended September 30,
	2025		2024
Financing activities
Net change in deposits	$	7,101,294	$	5,654,019
Proceeds from issuance of common stock	1,700,345		—
Payment of common stock issuance costs	(1,620)		—
Net change in debt facilities	(359,368)		(1,906,888)
Proceeds from other debt issuances	—		845,250
Repayment of other debt	(25,058)		(340,104)
Payment of debt issuance costs	(2,006)		(5,895)
Purchase of capped calls	—		(90,649)
Unwind of capped calls	—		10,180
Taxes paid related to net share settlement of share-based awards	(19,849)		(12,641)
Proceeds from stock option exercises	6,647		770
Proceeds from issuance of common stock under the ESPP	11,764		—
Payment of redeemable preferred stock dividends	—		(16,503)
Redemption of Series 1 preferred stock	—		(323,400)
Finance lease principal payments	(567)		(396)
Net cash provided by financing activities	$	8,411,582	$	3,813,743
Effect of exchange rates on cash and cash equivalents	(1,060)		248
Net increase (decrease) in cash, cash equivalents, restricted cash and restricted cash equivalents	$	1,037,087	$	(645,819)
Cash, cash equivalents, restricted cash and restricted cash equivalents at beginning of period	2,709,360		3,615,578
Cash, cash equivalents, restricted cash and restricted cash equivalents at end of period	$	3,746,447	$	2,969,759

Reconciliation to amounts on condensed consolidated balance sheets (as of period end)
Cash and cash equivalents	$	3,246,351	$	2,354,965
Restricted cash and restricted cash equivalents	500,096		614,794
Total cash, cash equivalents, restricted cash and restricted cash equivalents	$	3,746,447	$	2,969,759

Supplemental non-cash investing and financing activities
Deposits credited but not yet received in cash	$	337,215	$	133,104
Share-based compensation capitalized related to internally-developed software	38,376		29,297
Extinguishment of convertible notes by issuance of common stock	—		677,147
Available-for-sale securities sold but unpaid	—		21,266

The accompanying notes are an integral part of these condensed consolidated financial statements.

SoFi Technologies, Inc.

TABLE OF CONTENTS

SoFi Technologies, Inc.

Notes to Condensed Consolidated Financial Statements

(Unaudited)

(In Thousands, Unless Otherwise Stated and Except for Share and Per Share Data)

Note 1. Organization, Summary of Significant Accounting Policies and New Accounting Standards

Organization

SoFi is a financial services platform that was founded in 2011 to offer an innovative approach to the private student loan market by providing student loan refinancing options. The Company conducts its business through three reportable segments: Lending, Technology Platform and Financial Services. Since its founding, SoFi has expanded its lending and financial services strategy to offer personal loans, home loans and credit cards. The Company has also developed additional financial products, such as money management and investment product offerings, and has also leveraged its financial services platform to empower other businesses. The Company has continued to expand its product offerings through strategic acquisitions. During 2020, the Company expanded its investment product offerings into Hong Kong through the acquisition of 8 Limited, and also began to operate as a platform as a service for a variety of financial service providers, providing the infrastructure to facilitate core client-facing and back-end capabilities, such as account setup, account funding, direct deposit, authorizations and processing, payments functionality and check account balance features through the acquisition of Galileo Financial Technologies. During 2022, the Company became a bank holding company and began operating as SoFi Bank, National Association, through its acquisition of Golden Pacific Bancorp, Inc., and expanded its platform to include a cloud-native digital and core banking platform with customers in Latin America through its acquisition of Technisys, allowing the Company to expand its technology platform services to a broader international market. During 2023, the Company acquired Wyndham Capital Mortgage, a fintech mortgage lender. For additional information on our reportable segments, see Note 16. Business Segment Information.

The Company has elected to be treated as a financial holding company pursuant to Section 4(l) of the BHCA. As a financial holding company, the Company is authorized to engage in a broader set of financial activities than a bank holding company that has not elected to be treated as a financial holding company. Financial holding companies may also engage in activities that are determined by the Federal Reserve to be complementary to financial activities.

Summary of Significant Accounting Policies

Basis of Presentation

The condensed consolidated financial statements include the accounts of the Company, its wholly-owned and majority-owned subsidiaries and certain consolidated VIEs. All intercompany accounts were eliminated in consolidation. The condensed consolidated financial statements were prepared in conformity with GAAP and in accordance with the rules and regulations of the SEC. We condensed or omitted certain notes and other financial information from the interim financial statements presented herein.

These condensed consolidated financial statements should be read in conjunction with the consolidated statements included in our annual filing on Form 10-K filed with the SEC on February 24, 2025 (“Form 10-K”). In the opinion of management, the condensed consolidated financial statements reflect all adjustments, which are of a normal recurring nature, necessary for a fair presentation of the Company’s financial condition and results of operations and cash flows for the interim periods presented. The results for the three and nine months ended September 30, 2025 are not necessarily indicative of the results to be expected for the full year ending December 31, 2025.

In our unaudited condensed consolidated financial statements, we made the following presentation changes in 2025:

•In our unaudited condensed consolidated statements of operations and comprehensive income beginning in the second quarter of 2025, we combined the financial statement line items for noninterest income—loan origination, sales and securitizations and noninterest income—servicing, and presented within noninterest income—loan origination, sales, securitizations and servicing.

In all instances, the respective prior period amounts were recast to conform to the current period presentation.

Use of Judgments, Assumptions and Estimates

The preparation of our condensed consolidated financial statements and related disclosures in conformity with GAAP requires management to make assumptions and estimates that affect the reported amounts of assets, liabilities, revenue and

SoFi Technologies, Inc.

TABLE OF CONTENTS

SoFi Technologies, Inc.

Notes to Condensed Consolidated Financial Statements (Continued)

(Unaudited)

(In Thousands, Unless Otherwise Stated and Except for Share and Per Share Data)

expenses as well as the disclosures of contingent assets and liabilities. These estimates and assumptions are inherently subjective in nature; and, therefore, actual results may differ from our estimates and assumptions, and the differences could be material. Management bases its estimates on historical experience and on various other factors it believes to be reasonable under the circumstances. These assumptions and estimates include, but are not limited to, the following: (i) fair value measurements, (ii) business combinations, (iii) goodwill, and (iv) valuation allowance on deferred tax assets.

Securitization Investments

In Company-sponsored securitization transactions that meet the applicable criteria to be accounted for as a sale, we retain certain residual investments and asset-backed bonds (collectively, “securitization investments”) that we report within investment securities in the condensed consolidated balance sheets. We elected the fair value option for a portion of these investments with gains and losses reported within noninterest income—loan origination, sales, securitizations and servicing in the condensed consolidated statements of operations and comprehensive income. We account for the remaining securitization investments as AFS debt securities. See Note 6. Securitization and Variable Interest Entities for a breakout of those securitization investments for which we have elected to account for as AFS debt securities. We determine the fair value of our securitization investments using a discounted cash flow methodology, while also considering market data as it becomes available. See Note 11. Fair Value Measurements for the key inputs used in the fair value measurements of our residual investments and asset-backed bonds.

Recent Accounting Standards Issued, But Not Yet Adopted

Improvements to Income Tax Disclosures

In December 2023, the FASB issued ASU 2023-09, Income Taxes (Topic 740) — Improvements to Income Tax Disclosures. The ASU improves income tax disclosures primarily related to enhancements of the rate reconciliation and income taxes paid information. The standard is effective for annual periods beginning after December 15, 2024, with early adoption permitted. The standard should be applied on a prospective basis with the option to apply the standard retrospectively. The updated guidance is not expected to have a material impact to our condensed consolidated financial statements.

Disaggregation of Income Statement Expenses

In November 2024, the FASB issued ASU 2024-03, Income Statement — Reporting Comprehensive Income — Expense Disaggregation Disclosures (Subtopic 220-40) — Disaggregation of Income Statement Expenses. The ASU requires the disclosure of additional information about specific costs and expense categories in the notes to financial statements. The standard is effective for annual periods beginning after December 15, 2026, and interim periods beginning after December 15, 2027, with early adoption permitted. The standard should be applied on a prospective basis with the option to apply the standard retrospectively. We are currently evaluating the impact of this standard on our disclosures.

Induced Conversions of Convertible Debt Instruments

In November 2024, the FASB issued ASU 2024-04, Debt—Debt with Conversion and Other Options (Subtopic 470-20)—Induced Conversions of Convertible Debt Instruments. The ASU clarifies the requirements for determining whether certain settlements of convertible debt instruments should be accounted for as an induced conversion. The standard is effective for annual periods beginning after December 15, 2025, and interim periods within those annual periods, with early adoption permitted for all entities that have adopted the amendments in ASU 2020-06. The standard may be applied on a prospective basis with the option to apply the standard retrospectively. We are currently evaluating the impact of this standard on our condensed consolidated financial statements.

Obligations to Safeguard Crypto-Assets

In January 2025, the SEC released Staff Accounting Bulletin No. 122 (“SAB 122”), which rescinds the interpretive guidance provided in SAB 121 for reporting entities that have an obligation to safeguard customers' crypto assets. Under SAB 121, entities were required to recognize both a liability and a corresponding asset for their safeguarding obligations. With the new guidance, an entity that has a safeguarding obligation should assess whether it has any loss contingencies under ASC 450, Contingencies. SAB 122 must be applied retrospectively for annual periods beginning after December 15, 2024, with early adoption permitted in any interim or annual financial statement period filed with the SEC on or after January 30, 2025. Upon

SoFi Technologies, Inc.

TABLE OF CONTENTS

SoFi Technologies, Inc.

Notes to Condensed Consolidated Financial Statements (Continued)

(Unaudited)

(In Thousands, Unless Otherwise Stated and Except for Share and Per Share Data)

adoption, we will no longer recognize a liability and a corresponding asset for our safeguarding obligations. We do not expect this guidance to have a material impact on our condensed consolidated financial statements.

For additional information about our historical digital assets activity, refer to “Safeguarding Asset and Liability” in Note 1. Organization, Summary of Significant Accounting Policies and New Accounting Standards in our Annual Report on Form 10-K.

Measurement of Credit Losses for Accounts Receivable and Contract Assets

In July 2025, the FASB issued ASU 2025-05, Financial Instruments—Credit Losses (Topic 326)—Measurement of Credit Losses for Accounts Receivable and Contract Assets. The ASU provides an optional practical expedient related to the estimation of expected credit losses for current accounts receivable and current contract assets. The standard is effective for annual periods beginning after December 15, 2025, and interim periods within those annual periods, with early adoption permitted. The standard should be applied on a prospective basis. We are currently evaluating the impact of this standard on our condensed consolidated financial statements.

Targeted Improvements to the Accounting for Internal-Use Software

In September 2025, the FASB issued ASU 2025-06, Intangibles—Goodwill and Other—Internal-Use Software (Subtopic 350-40)—Targeted Improvements to the Accounting for Internal-Use Software. The ASU amendments modernize guidance to consider different methods of software development, updating the requirements for capitalization of software costs. The standard is effective for annual periods beginning after December 15, 2027, and interim periods within those annual periods, with early adoption permitted. The standard can be applied on a prospective, modified transition or retrospective basis. We are currently evaluating the impact of this standard on our condensed consolidated financial statements.

Note 2. Revenue

In each of our revenue arrangements, revenue is recognized when control of the promised goods or services is transferred to the customer in an amount that reflects our expected consideration in exchange for those goods or services. Our arrangements are discussed in our Annual Report on Form 10-K, with notable updates provided herein.

SoFi Technologies, Inc.

TABLE OF CONTENTS

SoFi Technologies, Inc.

Notes to Condensed Consolidated Financial Statements (Continued)

(Unaudited)

(In Thousands, Unless Otherwise Stated and Except for Share and Per Share Data)

Disaggregated Revenue

The table below presents revenue from contracts with customers disaggregated by type of service, which best depicts how the revenue and cash flows are affected by economic factors, and by the reportable segment to which each revenue stream relates, as well as a reconciliation of total revenue from contracts with customers to total noninterest income.


	Three Months Ended September 30,				Nine Months Ended September 30,
	2025		2024		2025		2024
Revenue from contracts with customers
Financial Services
Referrals, loan platform business(1)	$	18,007	$	13,283	$	60,255	$	35,865
Referrals, other(2)	3,695		1,960		8,813		5,732
Interchange(2)	29,089		18,771		78,403		45,230
Brokerage(2)	12,257		5,651		26,784		15,645
Other(2)(3)	4,107		565		8,004		2,146
Total financial services	67,155		40,230		182,259		104,618
Technology Platform
Technology services	88,023		89,432		263,585		259,551
Other(3)	1,613		1,563		3,219		3,447
Total technology platform(4)	89,636		90,995		266,804		262,998
Total revenue from contracts with customers	156,791		131,225		449,063		367,616
Other sources of revenue
Loan origination, sales, securitizations and servicing	65,431		80,012		189,091		205,517
Loan platform business, other(1)	146,890		42,358		324,797		42,508
Other(5)	7,374		12,516		23,675		78,781
Total other sources of revenue	219,695		134,886		537,563		326,806
Total noninterest income	$	376,486	$	266,111	$	986,626	$	694,422

_____________________

(1) Presented within noninterest income—loan platform fees in the condensed consolidated statements of operations and comprehensive income.

(2) Presented within noninterest income—other in the condensed consolidated statements of operations and comprehensive income.

(3) Financial Services includes revenues from enterprise services and equity capital markets services. Technology Platform includes revenues from software licenses and associated services, and payment network fees for serving as a transaction card program manager for enterprise customers that are the program marketers for separate card programs.

(4) Revenue from contracts with customers is presented within noninterest income—technology products and solutions and noninterest income—other in the condensed consolidated statements of operations and comprehensive income. Related to these technology platform services, we had deferred revenue of $8,597 and $7,474 as of September 30, 2025 and December 31, 2024, respectively, which are presented within accounts payable, accruals and other liabilities in the condensed consolidated balance sheets. We recognized revenue of $2,319 and $1,924 during the three months ended September 30, 2025 and 2024, respectively, and $7,223 and $4,310 during the nine months ended September 30, 2025 and 2024, respectively, associated with deferred revenue within noninterest income—technology products and solutions in the condensed consolidated statements of operations and comprehensive income.

(5) Includes gain on extinguishment of convertible debt of $3,323 and $62,517 during the three and nine months ended September 30, 2024, respectively.

Contract Balances

As of September 30, 2025 and December 31, 2024, accounts receivable, net associated with revenue from contracts with customers was $75,430 and $61,569, respectively, reported within other assets in the condensed consolidated balance sheets.

Costs of Obtaining Contracts with Customers

We capitalize incremental costs of obtaining a contract with a customer, which are certain commissions paid to third-parties in connection with the acquisition of member accounts. Capitalized costs are amortized over the life of the account. The expense is reported in noninterest expense—sales and marketing on the condensed consolidated statements of operations and comprehensive income.

SoFi Technologies, Inc.

TABLE OF CONTENTS

SoFi Technologies, Inc.

Notes to Condensed Consolidated Financial Statements (Continued)

(Unaudited)

(In Thousands, Unless Otherwise Stated and Except for Share and Per Share Data)

During the three months ended September 30, 2025 and 2024, we recognized associated amortization expense of $14,847 and $6,564, respectively. During the nine months ended September 30, 2025 and 2024, we recognized associated amortization expense of $37,650 and $14,117, respectively.

Note 3. Loans

As of September 30, 2025, our loan portfolio consisted of (i) loans held for sale, including personal loans, which are measured at fair value under the fair value option or at lower of cost or market, and home loans, which are measured at fair value under the fair value option, (ii) loans held for investment, including student loans, which are measured at fair value under the fair value option, and (iii) loans held for investment, including secured loans, credit cards, and commercial and consumer banking loans, which are measured at amortized cost. Below is a disaggregated presentation of our loans, inclusive of fair market value adjustments and accrued interest income and net of the allowance for credit losses, as applicable:


	September 30, 2025		December 31, 2024
Loans held for sale
At fair value
Personal loans(1)	$	20,715,617	$	17,532,396
Home loans	756,717		152,496
Total loans held for sale, at fair value	21,472,334		17,684,892
At lower of cost or market
Personal loans(2)	115,016		—
Total loans held for sale, at lower of cost or market	115,016		—
Total loans held for sale	21,587,350		17,684,892
Loans held for investment
Student loans(3)	11,827,987		8,597,368
Total loans held for investment, at fair value	11,827,987		8,597,368
Secured loans	913,410		806,441
Credit card	407,309		289,159
Commercial and consumer banking:
Commercial real estate	148,816		136,474
Commercial and industrial	4,156		4,986
Residential real estate and other consumer	10,259		9,398
Total commercial and consumer banking	163,231		150,858
Total loans held for investment, at amortized cost(4)	1,483,950		1,246,458
Total loans held for investment	13,311,937		9,843,826
Total loans	$	34,899,287	$	27,528,718

_____________________

(1) There were no personal loans in consolidated VIEs as of September 30, 2025. Includes $171,421 of personal loans in consolidated VIEs as of December 31, 2024.

(2) Includes loans originated as part of the loan platform business on behalf of third party partners.

(3) Includes $4,733,794 and $2,034,559 of student loans covered by financial guarantees, and $69,333 and $80,812 of student loans in consolidated VIEs as of September 30, 2025 and December 31, 2024, respectively.

(4) See Note 4. Allowance for Credit Losses herein, and Note 1. Organization, Summary of Significant Accounting Policies and New Accounting Standards under the heading “Allowance for Credit Losses” in our Annual Report on Form 10-K for additional information on our loans at amortized cost as it pertains to the allowance for credit losses.

SoFi Technologies, Inc.

TABLE OF CONTENTS

SoFi Technologies, Inc.

Notes to Condensed Consolidated Financial Statements (Continued)

(Unaudited)

(In Thousands, Unless Otherwise Stated and Except for Share and Per Share Data)

Loans Measured at Fair Value

The following table summarizes the aggregate fair value of our loans for which we elected the fair value option. See Note 11. Fair Value Measurements for the assumptions used in our fair value model.


	Personal Loans		Student Loans		Home Loans		Total
September 30, 2025
Unpaid principal balance	$	19,456,198	$	11,143,322	$	713,727	$	31,313,247
Accumulated interest	141,384		49,228		2,730		193,342
Cumulative fair value adjustments	1,118,035		635,437		40,260		1,793,732
Total fair value of loans(1)	$	20,715,617	$	11,827,987	$	756,717	$	33,300,321
December 31, 2024
Unpaid principal balance	$	16,589,623	$	8,215,629	$	149,862	$	24,955,114
Accumulated interest	128,733		44,603		260		173,596
Cumulative fair value adjustments	814,040		337,136		2,374		1,153,550
Total fair value of loans(1)	$	17,532,396	$	8,597,368	$	152,496	$	26,282,260

__________________

(1) Each component of the fair value of loans is impacted by charge-offs during the period. Our fair value assumption for annual default rate incorporates fair value markdowns on loans beginning when they are 10 days or more delinquent, with additional markdowns at 30, 60 and 90 days past due.

The following table summarizes the aggregate fair value of loans 90 days or more delinquent. As delinquent personal loans and student loans are charged off after 120 days of delinquency, amounts presented below represent the fair value of loans that are 90 to 120 days delinquent.


	Personal Loans		Student Loans		Home Loans		Total
September 30, 2025
Unpaid principal balance	$	82,711	$	15,178	$	302	$	98,191
Accumulated interest	4,127		250		10		4,387
Cumulative fair value adjustments(1)	(68,005)		(10,460)		(38)		(78,503)
Fair value of loans 90 days or more delinquent (2)	$	18,833	$	4,968	$	274	$	24,075
December 31, 2024
Unpaid principal balance	$	91,477	$	9,578	$	339	$	101,394
Accumulated interest	4,400		168		1		4,569
Cumulative fair value adjustments(1)	(75,390)		(6,760)		(22)		(82,172)
Fair value of loans 90 days or more delinquent (2)	$	20,487	$	2,986	$	318	$	23,791

__________________

(1) Our fair value assumption for annual default rate incorporates fair value markdowns on loans beginning when they are 10 days or more delinquent, with additional markdowns at 30, 60 and 90 days past due. We record the initial fair value measurement and subsequent measurement changes in fair value in the period in which the changes occur within noninterest income—loan origination, sales, securitizations and servicing in the condensed consolidated statements of operations and comprehensive income. As such, the $78.5 million fair value adjustment as of September 30, 2025 has been recorded in noninterest income—loan origination, sales, securitizations and servicing in the respective periods in which 10, 30, 60, and 90 days of delinquency occurred. See our Annual Report on Form 10-K for further discussion of the policies for determining the fair value of our loan portfolios.

(2) The fair value incorporates the expected price to be paid by buyers of these delinquent loans after charge-off occurs, implying that potential recoveries are expected to be in excess of these levels based on consistent demonstrated recoverability after a loan becomes delinquent and gets charged off.

SoFi Technologies, Inc.

TABLE OF CONTENTS

SoFi Technologies, Inc.

Notes to Condensed Consolidated Financial Statements (Continued)

(Unaudited)

(In Thousands, Unless Otherwise Stated and Except for Share and Per Share Data)

Transfers of Financial Assets

We regularly transfer financial assets and account for such transfers as either sales or secured borrowings depending on the facts and circumstances of the transfer. When a transfer of financial assets qualifies as a sale, in many instances we have continuing involvement as the servicer of those financial assets. As we expect the benefits of servicing to be more than just adequate, we recognize a servicing asset. Further, in the case of securitization-related transfers that qualify as sales, we have additional continuing involvement as an investor, albeit at insignificant levels relative to the expected gains and losses of the securitization. In instances where a transfer is accounted for as a secured borrowing, we perform servicing (but we do not recognize a servicing asset) and typically maintain a significant investment relative to the expected gains and losses of the securitization. In whole loan sales, we do not have a residual financial interest in the loans, nor do we have any other power over the loans that would constrain us from recognizing a sale. Additionally, we generally have no repurchase requirements related to transfers of personal loans, student loans and non-GSE home loans other than standard origination representations and warranties, for which we record a liability based on expected repurchase obligations. For GSE home loans, we have customary GSE repurchase requirements, which do not constrain sale treatment but result in a liability for the expected repurchase requirement.

The following table summarizes our loan securitization transfers, other than those related to our Loan Platform Business, that qualified for sale accounting treatment. There were no such loan securitization transfers qualifying for sale accounting treatment during the three months and nine months ended September 30, 2025, as well as during the three months ended September 30, 2024.


	Nine Months Ended September 30,
		2024
Personal loans
Fair value of consideration received:
Cash		$	674,036
Securitization investments		35,616

Servicing assets recognized		27,523
Repurchase liabilities recognized		(280)
Total consideration		736,895
Aggregate unpaid principal balance and accrued interest of loans sold		701,601
Gain from loan sales		$	35,294

Deconsolidation of debt reflects the impacts of previously consolidated VIEs that became deconsolidated during the period because we no longer hold a significant financial interest in the underlying securitization entity, which can fluctuate from period to period. Gains and losses on deconsolidations are presented within noninterest income—loan origination, sales, securitizations, and servicing in the condensed consolidated statements of operations and comprehensive income.

During the nine months ended September 30, 2025 we had deconsolidation of debt on personal loans of $13.2 million, and during the nine months ended September 30, 2024 we had deconsolidation of debt on student loans of $98.0 million. We did not have any deconsolidation of debt during the three months ended September 30, 2025 and September 30, 2024. For all periods, the impact on earnings from these deconsolidations was immaterial.

SoFi Technologies, Inc.

TABLE OF CONTENTS

SoFi Technologies, Inc.

Notes to Condensed Consolidated Financial Statements (Continued)

(Unaudited)

(In Thousands, Unless Otherwise Stated and Except for Share and Per Share Data)

The following table summarizes our current whole loan sales:


	Three Months Ended September 30,				Nine Months Ended September 30,
	2025		2024		2025		2024
Personal loans
Fair value of consideration received:
Cash	$	175,586	$	374,818	$	1,488,934	$	2,011,381
Receivable	—		2,252		—		5,288
Servicing assets recognized	11,340		22,290		91,782		126,311
Repurchase liabilities recognized	(402)		(1,275)		(2,202)		(7,256)
Total consideration	186,524		398,085		1,578,514		2,135,724
Aggregate unpaid principal balance and accrued interest of loans sold	175,761		377,257		1,489,459		2,016,721
Realized gain	$	10,763	$	20,828	$	89,055	$	119,003

Student loans
Fair value of consideration received:
Cash	$	405,538	$	—	$	405,538	$	310,331
Servicing assets recognized	11,221		—		11,221		8,249
Repurchase liabilities recognized	(38)		—		(38)		(46)
Total consideration	416,721		—		416,721		318,534
Aggregate unpaid principal balance and accrued interest of loans sold	393,579		—		393,579		303,578
Realized gain	$	23,142	$	—	$	23,142	$	14,956
Home loans
Fair value of consideration received:
Cash	$	596,969	$	513,487	$	1,715,820	$	1,243,195
Servicing assets recognized	4,968		4,430		11,984		10,652
Repurchase liabilities recognized	(992)		(890)		(3,135)		(2,029)
Total consideration	600,945		517,027		1,724,669		1,251,818
Aggregate unpaid principal balance and accrued interest of loans sold	585,131		504,694		1,686,995		1,230,251
Realized gain	$	15,814	$	12,333	$	37,674	$	21,567

The following table summarizes our delinquent whole loan sales:


	Three Months Ended September 30,				Nine Months Ended September 30,
	2025		2024		2025		2024
Personal loans
Fair value of consideration received:
Cash	$	7,199	$	6,481	$	21,599	$	17,030
Servicing assets recognized	6,298		5,676		18,908		13,960
Repurchase liabilities recognized	(99)		(24)		(270)		(77)
Total consideration	13,398		12,133		40,237		30,913
Aggregate unpaid principal balance and accrued interest of loans sold(1)(2)	94,636		85,363		284,168		225,224
Realized loss	$	(81,238)	$	(73,230)	$	(243,931)	$	(194,311)

__________________

(1) During the three and nine months ended September 30, 2025, includes $90.0 million and $270.0 million, respectively, of aggregate unpaid principal balance sold, related to late-stage delinquent loans for which we retained servicing and portions of recoveries. During the three and nine months ended

SoFi Technologies, Inc.

TABLE OF CONTENTS

SoFi Technologies, Inc.

Notes to Condensed Consolidated Financial Statements (Continued)

(Unaudited)

(In Thousands, Unless Otherwise Stated and Except for Share and Per Share Data)

September 30, 2024, includes $81.0 million and $212.9 million of aggregate unpaid principal balance sold, respectively, related to late-stage delinquent loans for which we retained servicing and portions of recoveries.

(2) For the three and nine months ended September 30, 2025 $62.4 million and $189.1 million, respectively, of unpaid principal balance was recorded in prior periods as a reduction in fair value in noninterest income—loan origination, sales, securitizations and servicing in the condensed consolidated statements of operations and comprehensive income. For the three and nine months ended September 30, 2024 $50.3 million and $140.6 million, respectively, of unpaid principal balance was recorded in prior periods as a reduction in fair value in noninterest income—loan origination, sales, securitizations and servicing in the condensed consolidated statements of operations and comprehensive income. These loans were sold prior to charge-off during the respective periods and otherwise would have been charged off as of September 30, 2025 and 2024, respectively, consistent with our policy. In our other charged off whole loan sales, we typically do not retain servicing or recoveries.

The following table summarizes loans originated and subsequently sold as part of our Loan Platform Business, which are loans that we originate on behalf of a third party for which we receive a fee.


	Three Months Ended September 30,				Nine Months Ended September 30,
	2025		2024		2025		2024
Personal loans
Fair value of consideration received:
Cash	$	3,361,315	$	1,021,906	$	7,278,568	$	1,024,408
Servicing assets recognized	25,024		7,268		53,657		7,295
Repurchase liabilities recognized	(3,466)		(405)		(6,683)		(407)
Total consideration	3,382,873		1,028,769		7,325,542		1,031,296
Aggregate carrying amount and accrued interest of loans sold(1)	3,236,745		986,411		7,010,167		988,788
Loan fees, net(2)	121,104		35,090		261,718		35,213
Servicing assets recognized	25,024		7,268		53,657		7,295
Loan platform fees recognized(3)	$	146,128	$	42,358	$	315,375	$	42,508

_____________________

(1)Includes unpaid principal balance of $3.3 billion and $7.1 billion for the three and nine months ended September 30, 2025, respectively and $1.0 billion for the three and nine months ended September 30, 2024.

(2)Represents loan platform fees earned less the repurchase liabilities recognized at the time of sale.

(3)Recorded in noninterest income—loan platform fees in the condensed consolidated statements of operations and comprehensive income.

The following table summarizes the results of the transfer related to the portion of personal loans that we contributed as part of a securitization that qualified for sale accounting treatment, which related to incremental loans originated and subsequently sold as part of our Loan Platform Business. There were no loan securitization transfers related to our Loan Platform Business qualifying for sale accounting treatment during the three and nine months ended September 30, 2024.


	Three Months Ended September 30,		Nine Months Ended September 30,
	2025			2025
Personal loans
Fair value of consideration received:
Cash(1)	$	152		$	(474)
Securitization investments retained(2)	25,706			103,180
Servicing assets recognized	188			741
Repurchase liabilities recognized	(25)			(90)
Total consideration	26,021			103,357
Aggregate carrying amount and accrued interest of loans sold(3)	25,195			100,067
Gain from loan sales(4)	$	826		$	3,290

_____________________

(1)Relates to payments for securitization-related expenses.

(2)Represents asset-backed bonds and residual investments retained pursuant to risk retention rules. See Note 1. Organization, Summary of Significant Accounting Policies and New Accounting Standards and Note 11. Fair Value Measurements for our accounting policy and key inputs used in the fair value measurements related to these asset-backed bonds and residual investments.

SoFi Technologies, Inc.

TABLE OF CONTENTS

SoFi Technologies, Inc.

Notes to Condensed Consolidated Financial Statements (Continued)

(Unaudited)

(In Thousands, Unless Otherwise Stated and Except for Share and Per Share Data)

(3)Includes unpaid principal balance of $25.6 million and $101.5 million for the three and nine months ended September 30, 2025, respectively.

(4)Recorded in noninterest income—loan platform fees in the condensed consolidated statements of operations and comprehensive income.

For certain transferred loans that qualified for sale accounting and are therefore derecognized, we have continuing involvement through our servicing agreements. For such loans, our exposure to loss is generally limited to the extent we would be required to repurchase such a loan due to a breach of representations and warranties associated with the loan transfer or servicing contract.

The following table presents information about the unpaid principal balances of loans originated by us and subsequently transferred, but with which we have continuing involvement:


	Personal Loans		Student Loans		Home Loans		Total
September 30, 2025
Loans in delinquency (30+ days past due)	$	195,043	$	39,319	$	48,608	$	282,970
Total loans in delinquency	315,757		71,691		48,608		436,056
Total transferred loans serviced(1)	11,238,254		3,453,952		6,756,456		21,448,662
December 31, 2024
Loans in delinquency (30+ days past due)	$	109,169	$	67,234	$	35,910	$	212,313
Total loans in delinquency	168,403		129,317		35,910		333,630
Total transferred loans serviced(1)	6,060,329		5,230,303		6,234,859		17,525,491

_____________________

(1)Total transferred loans serviced includes loans in delinquency, as well as loans in repayment, loans in-school/grace period/deferment (related to student loans), and loans in forbearance. The vast majority of total transferred loans serviced represent loans in repayment as of the dates indicated.

The following table presents additional information about the servicing cash flows received and net charge-offs related to loans originated by us and subsequently transferred, but with which we have a continuing involvement:


	Three Months Ended September 30,				Nine Months Ended September 30,
	2025		2024		2025		2024
Personal loans
Servicing fees collected from transferred loans	$	23,630	$	25,384	$	60,539	$	51,499
Charge-offs, net of recoveries, of transferred loans	173,532		93,159		452,389		266,332
Student loans
Servicing fees collected from transferred loans	4,662		5,862		14,330		17,983
Charge-offs, net of recoveries, of transferred loans	9,658		7,394		33,449		29,370
Home loans
Servicing fees collected from transferred loans	4,975		4,411		13,581		12,682
Total
Servicing fees collected from transferred loans	$	33,267	$	35,657	$	88,450	$	82,164
Charge-offs, net of recoveries, of transferred loans	183,190		100,553		485,838		295,702

SoFi Technologies, Inc.

TABLE OF CONTENTS

SoFi Technologies, Inc.

Notes to Condensed Consolidated Financial Statements (Continued)

(Unaudited)

(In Thousands, Unless Otherwise Stated and Except for Share and Per Share Data)

Loans Measured at Amortized Cost

Loan Portfolio Composition and Aging

The following table presents the amortized cost basis of our credit card and commercial and consumer banking portfolios (excluding accrued interest and before the allowance for credit losses) by either current status or delinquency status:


			Delinquent Loans
	Current		30–59 Days		60–89 Days		≥ 90 Days(1)		Total Delinquent Loans		Total Loans(2)
September 30, 2025
Secured loans	$	911,900	$	—	$	—	$	—	$	—	$	911,900
Credit card	428,843		3,843		3,153		7,557		14,553		443,396
Commercial and consumer banking:
Commercial real estate	149,450		631		—		—		631		150,081
Commercial and industrial	4,066		84		—		73		157		4,223
Residential real estate and other consumer(3)	10,320		—		—		—		—		10,320
Total commercial and consumer banking	163,836		715		—		73		788		164,624
Total loans	$	1,504,579	$	4,558	$	3,153	$	7,630	$	15,341	$	1,519,920
December 31, 2024
Secured loans	$	804,800	$	—	$	—	$	—	$	—	$	804,800
Credit card	312,676		3,429		3,311		9,056		15,796		328,472
Commercial and consumer banking:
Commercial real estate	138,172		—		—		—		—		138,172
Commercial and industrial	4,831		—		188		77		265		5,096
Residential real estate and other consumer(3)	9,370		—		—		—		—		9,370
Total commercial and consumer banking	152,373		—		188		77		265		152,638
Total loans	$	1,269,849	$	3,429	$	3,499	$	9,133	$	16,061	$	1,285,910

______________

(1)Generally, all of the credit cards ≥ 90 days past due continued to accrue interest. As of the dates indicated, credit card and commercial and consumer banking loans on nonaccrual status were immaterial.

(2)For credit card, the balance is presented before allowance for credit losses of $48,653 and $44,350 as of September 30, 2025 and December 31, 2024, respectively, and accrued interest of $4,256 and $4,125, respectively. For secured loans, the balance is presented before accrued interest of $1,510 and $1,641 as of September 30, 2025 and December 31, 2024, respectively. For commercial and consumer banking, the balance is presented before allowance for credit losses of $1,981 and $2,334 as of September 30, 2025 and December 31, 2024, respectively, and accrued interest of $588 and $554, respectively.

(3)Includes residential real estate loans originated by Golden Pacific for which we did not elect the fair value option.

SoFi Technologies, Inc.

TABLE OF CONTENTS

SoFi Technologies, Inc.

Notes to Condensed Consolidated Financial Statements (Continued)

(Unaudited)

(In Thousands, Unless Otherwise Stated and Except for Share and Per Share Data)

Credit Quality Indicators

Credit Card

The following table presents the amortized cost basis of our credit card portfolio (excluding accrued interest and before the allowance for credit losses) based on FICO scores, which are obtained at origination of the account and are refreshed monthly thereafter. The pools estimate the likelihood of borrowers with similar FICO scores to pay credit obligations based on aggregate credit performance data.


FICO	September 30, 2025		December 31, 2024
≥ 800	$	43,523	$	38,076
780 – 799	25,058		24,566
760 – 779	28,156		24,533
740 – 759	32,025		26,321
720 – 739	44,132		30,215
700 – 719	54,560		36,050
680 – 699	57,625		37,994
660 – 679	47,458		30,504
640 – 659	33,471		21,206
620 – 639	21,701		14,098
600 – 619	14,194		9,393
≤ 599	41,493		35,516
Total credit card	$	443,396	$	328,472

Commercial and Consumer Banking

We analyze loans in our commercial and consumer banking portfolio by classification based on their associated credit risk, and perform an analysis on an ongoing basis as new information is obtained. Risk rating classifications are further described below. Loans with a lower expectation of credit losses are classified as Pass, while loans with a higher expectation of credit losses are classified as Substandard.

•Pass — Loans that management believes will fully repay in accordance with the contractual loan terms.

•Watch — Loans that management believes will fully repay in accordance with the contractual loan terms, but for which certain credit attributes have changed from origination and warrant further monitoring.

•Special mention — Loans with a potential weakness or weaknesses that deserves management’s close attention. If left uncorrected, the potential weaknesses may result in deterioration of the repayment prospects for the loan or our credit position at some future date.

•Substandard — Loans that are inadequately protected by the current net worth and paying capacity of the obligor or of the collateral pledged, if any. Loans so classified have a well-defined weakness or weaknesses that jeopardize the full repayment. They are characterized by the distinct possibility that we will sustain some loss if the deficiencies are not corrected.

SoFi Technologies, Inc.

TABLE OF CONTENTS

SoFi Technologies, Inc.

Notes to Condensed Consolidated Financial Statements (Continued)

(Unaudited)

(In Thousands, Unless Otherwise Stated and Except for Share and Per Share Data)

The following table presents the amortized cost basis of our commercial and consumer banking portfolio (excluding accrued interest and before the allowance for credit losses) by origination year and credit quality indicator:


	Term Loans by Origination Year
September 30, 2025	2025		2024		2023		2022		2021		Prior		Total Term Loans		Revolving Loans
Commercial real estate
Pass	$	20,532	$	33,898	$	18,861	$	28,170	$	7,002	$	24,101	$	132,564	$	164
Watch	—		—		5,158		3,973		—		2,168		11,299		—
Special mention	—		1,671		—		1,083		—		711		3,465		—
Substandard	—		—		—		—		—		2,589		2,589		—
Total commercial real estate	20,532		35,569		24,019		33,226		7,002		29,569		149,917		164
Commercial and industrial
Pass	—		129		45		—		—		2,806		2,980		1,070


Substandard	—		—		—		—		—		173		173		—
Total commercial and industrial	—		129		45		—		—		2,979		3,153		1,070
Residential real estate and other consumer
Pass	—		—		—		—		—		3,857		3,857		4,374
Watch	40		—		—		—		—		—		40		2,049
Total residential real estate and other consumer	40		—		—		—		—		3,857		3,897		6,423
Total commercial and consumer banking	$	20,572	$	35,698	$	24,064	$	33,226	$	7,002	$	36,405	$	156,967	$	7,657

Secured Loans

The amortized cost basis (excluding accrued interest) of our secured loans was $911.9 million and $804.8 million as of September 30, 2025 and December 31, 2024, respectively. Secured loans are term loan arrangements secured by underlying loans owned by the debtor, which were previously originated, sold and in most cases continue to be serviced by the Company. The borrowers of our secured loans are generally financial institutions, and the underlying collateral are personal loans originated by the Company. The duration of these secured loans align with the underlying collateral, the majority of which have a term of 7 years or less. Our secured loans were originated in 2023, 2024 and 2025, are all current and there have been no charge-offs since origination.

We evaluate the credit quality of our secured loan portfolio relative to the fair value of the underlying collateral, reassessing it quarterly based on relevant information, including funded loan rates and historical loss experience. An allowance for credit losses is required when there is an expected credit loss after considering the fair value of the collateral as well as any anticipated future changes in the underlying collateral. As of September 30, 2025, based on this evaluation we did not recognize an allowance for credit losses on our secured loans.

Note 4. Allowance for Credit Losses

Our allowance for credit losses represents our current estimate of expected credit losses over the remaining contractual life of certain financial assets, including credit cards as well as commercial and consumer banking loans, which relate to our Financial Services segment, and accounts receivables primarily related to our Technology Platform segment. Given our methods of collecting funds on servicing receivables, our historical experience of infrequent write offs, and that we have not observed meaningful changes in our counterparties’ abilities to pay, we determined that the future exposure to credit losses on servicing related receivables was immaterial. See our Annual Report on Form 10-K for further discussion of the methodology and policies for determining our allowance for credit losses for each of our loan portfolios.

SoFi Technologies, Inc.

TABLE OF CONTENTS

SoFi Technologies, Inc.

Notes to Condensed Consolidated Financial Statements (Continued)

(Unaudited)

(In Thousands, Unless Otherwise Stated and Except for Share and Per Share Data)

The following table presents changes in our allowance for credit losses:


	Credit Card(1)		Commercial and Consumer Banking(1)		Accounts Receivable(1)
Three Months Ended September 30, 2025
Balance at June 30, 2025	$	45,515	$	2,323	$	3,178
Provision for credit losses(2)	9,536		(337)		53
Net charge-offs(3)	(6,398)		(5)		(111)
Balance at September 30, 2025	$	48,653	$	1,981	$	3,120
Three Months Ended September 30, 2024
Balance at June 30, 2024	$	49,406	$	2,502	$	1,509
Provision for credit losses(2)	6,126		(113)		1,057
Net (charge-offs) recoveries(3)	(9,481)		(21)		85
Balance at September 30, 2024	$	46,051	$	2,368	$	2,651
Nine Months Ended September 30, 2025
Balance at December 31, 2024	$	44,350	$	2,334	$	2,444
Provision for credit losses(2)	25,256		(344)		820
Net charge-offs(3)	(20,953)		(9)		(144)
Balance at September 30, 2025	$	48,653	$	1,981	$	3,120
Nine Months Ended September 30, 2024
Balance at December 31, 2023	$	52,385	$	2,310	$	1,837
Provision for credit losses(2)	24,727		108		3,850
Net charge-offs(3)	(31,061)		(50)		(3,036)
Balance at September 30, 2024	$	46,051	$	2,368	$	2,651

_____________________

(1)Credit cards and commercial and consumer banking loans measured at amortized cost, net of allowance for credit losses, are presented within loans held for investment, at amortized cost in the condensed consolidated balance sheets. Accounts receivable balances, net of allowance for credit losses, are presented within other assets in the condensed consolidated balance sheets.

(2)The provision for credit losses on credit cards and commercial and consumer banking loans is presented within noninterest expense—provision for credit losses in the condensed consolidated statements of operations and comprehensive income. The provision for credit losses on accounts receivable is presented within noninterest expense—general and administrative in the condensed consolidated statements of operations and comprehensive income.

(3)During the three and nine months ended September 30, 2025, recoveries of amounts previously reserved related to credit cards were $1,079 and $2,648 , respectively. During the three and nine months ended September 30, 2024, recoveries of amounts previously reserved related to credit cards were $1,252 and $3,471, respectively. There were immaterial recoveries of amounts previously reserved related to commercial and consumer banking loans during the three and nine months ended September 30, 2025 and 2024. During the three and nine months ended September 30, 2025, recoveries of amounts previously reserved related to accounts receivable were $126 and $482, respectively. During the three and nine months ended September 30, 2024, recoveries of amounts previously reserved related to accounts receivable were $45 and $1,083, respectively.

Credit card: During the three and nine months ended September 30, 2025, accrued interest receivables written off by reversing interest income were $1.5 million and $4.9 million, respectively. During the three and nine months ended September 30, 2024, accrued interest receivables written off by reversing interest income were $2.2 million and $7.1 million, respectively.

SoFi Technologies, Inc.

TABLE OF CONTENTS

SoFi Technologies, Inc.

Notes to Condensed Consolidated Financial Statements (Continued)

(Unaudited)

(In Thousands, Unless Otherwise Stated and Except for Share and Per Share Data)

Note 5. Investment Securities

The following table presents our investments in AFS debt securities:


	Amortized Cost		Accrued Interest		Gross Unrealized Gains		Gross Unrealized Losses(1)		Fair Value
September 30, 2025
U.S. Treasury securities	$	228,337	$	452	$	1,103	$	(465)	$	229,427
Agency mortgage-backed securities	2,117,173		4,374		13,476		(1,468)		2,133,555
Corporate bonds	1,250		27		—		(3)		1,274
Asset-backed bonds(2)	23,494		99		52		—		23,645
Residual investments(2)	4,607		43		—		(132)		4,518
Other(3)	950		3		—		(130)		823
Total investments in AFS debt securities	$	2,375,811	$	4,998	$	14,631	$	(2,198)	$	2,393,242
December 31, 2024
U.S. Treasury securities	$	277,555	$	2,622	$	77	$	(6,602)	$	273,652
Agency mortgage-backed securities	1,525,913		3,048		3,522		(6,089)		1,526,394
Corporate bonds	3,272		39		—		(94)		3,217
Other(3)	946		8		—		(174)		780
Total investments in AFS debt securities	$	1,807,686	$	5,717	$	3,599	$	(12,959)	$	1,804,043

_____________________

(1) As of September 30, 2025 and December 31, 2024, we concluded that there was no credit loss attributable to securities in unrealized loss positions, as (i) 99% and approximately 100% of the amortized cost basis of our investments as of September 30, 2025 and December 31, 2024, respectively, was composed of U.S. Treasury securities and agency mortgage-backed securities, which are of high credit quality and have no risk of credit-related impairment due to the nature of the counterparties and history of no credit losses, and (ii) we have not identified factors indicating credit-related impairment for the remaining investments and expect that the contractual principal and interest payments will be received. Additionally, we do not intend to sell the securities in loss positions nor is it more likely than not that we will be required to sell the securities prior to recovery of the amortized cost basis.

(2) These assets represent the carrying value of our holdings in VIEs wherein we were not deemed the primary beneficiary, classified as AFS debt securities. See Note 6. Securitization and Variable Interest Entities for additional information.

(3) Includes state municipal bond securities.

The following table presents information about our investments in AFS debt securities with gross unrealized losses and the length of time that individual securities have been in a continuous unrealized loss position as of September 30, 2025 and December 31, 2024.


	Less than 12 Months				12 Months or Longer				Total
	Fair Value		Gross Unrealized Losses		Fair Value		Gross Unrealized Losses		Fair Value		Gross Unrealized Losses
September 30, 2025
U.S. Treasury securities	$	49,482	$	(452)	$	5,243	$	(13)	$	54,725	$	(465)
Agency mortgage-backed securities	203,610		(438)		90,603		(1,030)		294,213		(1,468)
Corporate bonds	—		—		252		(3)		252		(3)

Residual investments	4,518		(132)		—		—		4,518		(132)
Other	—		—		823		(130)		823		(130)
Total investments in AFS debt securities	$	257,610	$	(1,022)	$	96,921	$	(1,176)	$	354,531	$	(2,198)

SoFi Technologies, Inc.

TABLE OF CONTENTS

SoFi Technologies, Inc.

Notes to Condensed Consolidated Financial Statements (Continued)

(Unaudited)

(In Thousands, Unless Otherwise Stated and Except for Share and Per Share Data)


	Less than 12 Months				12 Months or Longer				Total
	Fair Value		Gross Unrealized Losses		Fair Value		Gross Unrealized Losses		Fair Value		Gross Unrealized Losses
December 31, 2024
U.S. Treasury securities	$	217,683	$	(6,497)	$	5,256	$	(105)	$	222,939	$	(6,602)
Agency mortgage-backed securities	614,081		(5,499)		7,319		(590)		621,400		(6,089)
Corporate bonds	—		—		3,216		(94)		3,216		(94)
Other	—		—		780		(174)		780		(174)
Total investments in AFS debt securities	$	831,764	$	(11,996)	$	16,571	$	(963)	$	848,335	$	(12,959)

The following table presents the amortized cost and fair value of our investments in AFS debt securities by contractual maturity:


	Due Within One Year			Due After One Year Through Five Years			Due After Five Years Through Ten Years			Due After Ten Years			Total
September 30, 2025
Investments in AFS debt securities—Amortized cost:
U.S. Treasury securities	$	6,196		$	148,011		$	74,130		$	—		$	228,337
Agency mortgage-backed securities	1			46,590			218			2,070,364			2,117,173
Corporate bonds	—			—			1,250			—			1,250
Asset-backed bonds	—			—			23,494			—			23,494
Residual investments	—			—			4,607			—			4,607
Other	—			—			950			—			950
Total investments in AFS debt securities	$	6,197		$	194,601		$	104,649		$	2,070,364		$	2,375,811
Weighted average yield for investments in AFS debt securities(1)	2.27		%	3.93		%	4.59		%	5.41		%	5.24%

Investments in AFS debt securities—Fair value(2):
U.S. Treasury securities	$	6,184		$	148,940		$	73,851		$	—		$	228,975
Agency mortgage-backed securities	1			46,823			206			2,082,151			2,129,181
Corporate bonds	—			—			1,247			—			1,247
Asset-backed bonds	—			—			23,546			—			23,546
Residual investments	—			—			4,475			—			4,475
Other	—			—			820			—			820
Total investments in AFS debt securities	$	6,185		$	195,763		$	104,145		$	2,082,151		$	2,388,244

_____________________

(1) The weighted average yield represents the effective yield for the investment securities owned at the end of the period and is computed based on the amortized cost of each security.

(2) Presentation of fair values of our investments in AFS debt securities by contractual maturity excludes total accrued interest of $4,998 as of September 30, 2025.

Gross realized gains and losses on our investments in AFS debt securities were $249 and $(54), respectively, during the three months ended September 30, 2025, and $3,142 and $(188), respectively, during the nine months ended September 30, 2025. Gross realized gains and losses on our investments in AFS debt securities were $4,205 and $(643), respectively, during the three months ended September 30, 2024, and $4,207 and $(682) during the nine months ended September 30, 2024. During the three and nine months ended September 30, 2025 and 2024, there were no transfers between classifications of our investments in AFS debt securities. See Note 9. Equity for unrealized gains and losses on our investments in AFS debt securities and amounts reclassified out of AOCI.

SoFi Technologies, Inc.

TABLE OF CONTENTS

SoFi Technologies, Inc.

Notes to Condensed Consolidated Financial Statements (Continued)

(Unaudited)

(In Thousands, Unless Otherwise Stated and Except for Share and Per Share Data)

Note 6. Securitization and Variable Interest Entities

Consolidated VIEs

We consolidate certain securitization trusts in which we have a variable interest and are deemed to be the primary beneficiary. Our consolidation policy is further discussed in Note 1. Organization, Summary of Significant Accounting Policies and New Accounting Standards in our Annual Report on Form 10-K.

The VIEs are SPEs with portfolio loans securing debt obligations. The SPEs were created and designed to transfer credit and interest rate risk associated with consumer loans through the issuance of collateralized notes and trust certificates. We make standard representations and warranties to repurchase or replace qualified portfolio loans. Aside from these representations, the holders of the asset-backed debt obligations have no recourse to the Company if the cash flows from the underlying portfolio loans securing such debt obligations are not sufficient to pay all principal and interest on the asset-backed debt obligations. We hold a significant interest in these financing transactions through our ownership of a portion of the residual interest in certain VIEs. In addition, in some cases, we invest in the debt obligations issued by the VIE. Our investments in consolidated VIEs eliminate in consolidation. The residual interest is the first VIE interest to absorb losses should the loans securing the debt obligations not provide adequate cash flows to satisfy more senior claims and is the interest that we expect to absorb the expected gains and losses of the VIE. Our maximum exposure to credit risk in sponsoring SPEs is limited to our investment in the VIE. VIE creditors have no recourse against our general credit. There are no liquidity arrangements, guarantees or other commitments that may affect the fair value or risk of our variable interests in consolidated VIEs.

As of September 30, 2025 and December 31, 2024, we had one and four consolidated VIEs, respectively, on our condensed consolidated balance sheets. During the nine months ended September 30, 2025, we exercised a securitization clean up call related to three consolidated VIEs. The assets of consolidated VIEs that were included in our condensed consolidated balance sheets may only be used to settle obligations of consolidated VIEs and were in excess of those obligations as of September 30, 2025 and December 31, 2024. Intercompany balances are eliminated upon consolidation.

Nonconsolidated VIEs

We have created and designed personal loan and student loan trusts to transfer associated credit and interest rate risk associated with the loans through the issuance of collateralized notes and residual certificates. We have a variable interest in the nonconsolidated loan trusts, through our ownership of collateralized notes in the form of asset-backed bonds and residual certificates in the loan trusts that absorb variability. We have also transferred secured loans and personal loans, including the associated risks, to other SPEs that are considered VIEs. In both the loan trusts and other VIEs, we have continuing, non-controlling involvement with the entity as the servicer. When our servicing rights meet the definition of a variable interest, in that role, we may have the power to perform the activities which most impact the economic performance of the VIE, but since either we hold an insignificant financial interest in the trusts or rights held by other variable interest holders convey power, we are not the primary beneficiary. In loan trusts, our collateralized notes and residual certificates represent the equity ownership interest in the loan trusts, wherein there is an obligation to absorb losses and the right to receive benefits from residual certificate ownership. The maximum exposure to loss as a result of our involvement with the nonconsolidated loan trust VIEs is limited to our investment. In other VIEs, our interest is represented by secured loans, servicing rights, or both, with our maximum exposure to loss is limited to the total amount of our secured loans and servicing rights. We did not provide financial support to any nonconsolidated VIEs beyond our initial equity investment. There are no liquidity arrangements, guarantees or other commitments by third parties that may affect the fair value or risk of our variable interests in nonconsolidated VIEs.

As of September 30, 2025 and December 31, 2024, we had investments in 24 and 23 nonconsolidated VIEs, respectively. During the nine months ended September 30, 2025, we established three nonconsolidated trusts and called two nonconsolidated trusts.

SoFi Technologies, Inc.

TABLE OF CONTENTS

SoFi Technologies, Inc.

Notes to Condensed Consolidated Financial Statements (Continued)

(Unaudited)

(In Thousands, Unless Otherwise Stated and Except for Share and Per Share Data)

The following table presents the carrying value of Company assets associated with these nonconsolidated VIEs as of the dates presented.


	September 30, 2025		December 31, 2024
Securitization investments	$	147,358	$	91,646
Secured loans	913,410		806,441
Servicing rights	82,434		100,839

Securitization Investments

The following table presents additional detail of the aggregate outstanding value of asset-backed bonds and residual investments owned by the Company in nonconsolidated VIEs, which are presented within investment securities in the condensed consolidated balance sheets. These risk retention interests represent the carrying value of our holdings in nonconsolidated VIEs, and the maximum exposure to a loss as a result of our involvement as of the dates presented.


	September 30, 2025		December 31, 2024
Personal loans	$	117,944	$	56,849
Student loans	29,414		34,797
Securitization investments(1)	$	147,358	$	91,646

_____________________

(1)As of September 30, 2025, includes $23.5 million and $4.6 million of asset-backed bonds and residual investments, respectively, classified as available for sale. See Note 5. Investment Securities for additional information.

See Note 11. Fair Value Measurements for the key inputs used in the fair value measurements of these asset-backed bonds and residual interests.

Low Income Housing Tax Credit Investments

The Company makes equity investments as a limited partner in various entities that sponsor affordable housing projects that qualify for the LIHTC program. The purpose of these investments is not only to support the Company’s community reinvestment initiatives, but also to provide an investment return, primarily through the realization of tax benefits. Each of these entities is managed by an unrelated third-party general partner or managing member that has the power to direct the activities which most significantly affect the performance of each entity. Therefore, the Company has determined that it is not the primary beneficiary of any of these LIHTC entities and accordingly, does not consolidate the VIEs.

The Company's funding requirements are limited to its invested capital and any additional unfunded commitments for future equity contributions. The Company's maximum exposure to loss as a result of its involvement is limited to the carrying amounts of the investments, including the unfunded commitments, which are included in other assets and accounts payable, accruals and other liabilities, respectively, in the condensed consolidated balance sheets. Our investments were $37.7 million and $12.6 million as of September 30, 2025 and December 31, 2024, respectively. The unfunded commitments, included as part of our investments, were $32.0 million and $11.1 million as of September 30, 2025 and December 31, 2024, respectively, the majority of which are expected to be funded over the next 3 years.

The Company accounts for its LIHTC investments under the proportional amortization method. Under this method, the Company amortizes the initial cost of the investment in proportion to the tax credits and other tax benefits received and recognizes the net investment performance as a component of income tax expense.

The related tax credits and other benefits recognized, as well as the amortization of the related investments were immaterial for the three and nine months ended September 30, 2025. There were no tax credits and other benefits recognized, nor amortization of related investments for the three and nine months ended September 30, 2024.

SoFi Technologies, Inc.

TABLE OF CONTENTS

SoFi Technologies, Inc.

Notes to Condensed Consolidated Financial Statements (Continued)

(Unaudited)

(In Thousands, Unless Otherwise Stated and Except for Share and Per Share Data)

Note 7. Deposits

We offer deposit accounts (referred to as “checking and savings” accounts within SoFi Money) to our members through SoFi Bank, which include interest-bearing deposits and noninterest-bearing deposits.

The following table presents detail of our deposits:


	September 30, 2025		December 31, 2024
Savings deposits	$	28,587,788	$	22,838,858
Demand deposits	2,614,287		2,205,377
Time deposits(1)(2)	1,603,588		817,165
Total interest-bearing deposits	32,805,663		25,861,400
Noninterest-bearing deposits	140,736		116,804
Total deposits	$	32,946,399	$	25,978,204

_____________________

(1) As of September 30, 2025 and December 31, 2024, includes brokered deposits of $1,564,679 and $772,914, respectively, consisting of time deposits.

(2) As of September 30, 2025 and December 31, 2024, the amount of time deposits that exceeded the insured limit (referred to as “uninsured deposits”) totaled $25,708 and $20,305, respectively.

As of September 30, 2025, future maturities of our total time deposits were as follows:


Remainder of 2025	$	367,976
2026	1,235,262
2027	36
2028	169
2029	117
Thereafter	28
Total	$	1,603,588

SoFi Technologies, Inc.

TABLE OF CONTENTS

SoFi Technologies, Inc.

Notes to Condensed Consolidated Financial Statements (Continued)

(Unaudited)

(In Thousands, Unless Otherwise Stated and Except for Share and Per Share Data)

Note 8. Debt

The following table summarizes the components of our debt:


	September 30, 2025								December 31, 2024
Borrowing Description	Total Collateral(1)		Stated Interest Rate(2)	Termination/Maturity(3)	Total Capacity		Total Outstanding(4)		Total Outstanding
Debt Facilities
Personal loan warehouse facilities	$	859,195	4.84% – 5.58%	June 2026 – March 2028	$	3,700,000	$	706,062	$	205,367
Student loan warehouse facilities	217,834		4.74% – 5.78%	May 2026 – August 2028	3,480,000		187,673		1,044,682
Risk retention warehouse facilities(5)	15,923		5.74%	October 2027	100,000		3,780		6,834
Revolving credit facility(6)			5.73%	April 2028	645,000		486,000		486,000
Other Debt
Convertible senior notes, due 2026(7)			—%	October 2026			428,022		428,022
Convertible senior notes, due 2029(8)			1.25%	March 2029			862,500		862,500
Other financing(9)	143,032				206,991		—		—
Securitizations
Personal loan securitizations	—		—	—			—		14,377
Student loan securitizations	66,521		3.09% – 3.73%	August 2048			56,905		66,501
Total, before unamortized debt issuance costs, premiums and discounts							$	2,730,942	$	3,114,283
Less: unamortized debt issuance costs, premiums and discounts(10)							(17,000)		(21,591)
Total debt							$	2,713,942	$	3,092,692

_________________

(1)As of September 30, 2025, represents the total of the unpaid principal balances within each debt category, with the exception of the risk retention warehouse facilities, which include securitization-related investments carried at fair value. In addition, certain securitization interests that eliminate in consolidation are pledged to risk retention warehouse facilities. Collateral balances relative to debt balances may vary period to period due to the timing of the next scheduled payment to the warehouse facility.

(2)For variable-rate debt, the ranges of stated interest rates are based on the interest rates in effect as of September 30, 2025. The interest on our variable-rate debt is typically designed as a reference rate plus a spread. Reference rates as of September 30, 2025 included overnight SOFR, one-month SOFR

SoFi Technologies, Inc. 10-Q