SoFi Technologies
SOFI on Nasdaq. SoFi sells loans, banking, investing, and crypto products to individuals. Market value $20.6bn.
Price checks use the past 12 months to June 2026. Some use the latest annual report instead, as marked. Quality checks use five annual reports, the latest for the year to December 2025.
Should I look at this?
Not a fit for our list right now
Why it could be worth it
See Financial services stocks that passed both tests
This is not advice. Check the numbers below.
Yearly profit per dollar of owners' money: 0 cents. Above 10 is good.
What you pay for each dollar of net assets: $1.86.
Profit per $100 you pay: $3.09.
Quality score: 46 of 100. Price score: 47 of 100. Our list needs 70 on quality and 60 on price.
$15.92 a share, 7% above its 1-year low
Over the past year the price has ranged from $14.88 to $32.73.
Pays no dividend
Prices from Monday’s close (5 October).
Five years of cash, in billions
| Revenue | |||||
| Revenue | $985m | $1.6bn | $2.1bn | $2.7bn | $3.6bn |
| Operating margin | |||||
| Operating margin | n/a | n/a | n/a | n/a | n/a |
| Debt to equity | |||||
| Debt to equity | n/a | n/a | n/a | n/a | n/a |
| Shares outstanding | |||||
| Shares outstanding | 0.93bn | 0.96bn | 1.09bn | 1.21bn | 1.29bn |
Health checks
- Free cash flow positiveDoesn't apply to banks and insurers
- Accounting checksDoesn't apply to banks and insurers
- DebtDoesn't apply to banks and insurers
- Revenue growth, five yearsStrong, 38.4% a year
- Buying back its own sharesNo, 39% more shares since 2021
The quarter to June 2026
How the business did, compared with the same quarter a year earlier.
- Sales: $1.2 billion last quarter, up 43% on a year ago.
- Profit: $157 million, up 61% on a year ago.
- Over the past 12 months it spent $8.8 billion more cash than it brought in, compared with $3 billion a year earlier.
- 14% more shares than a year ago. Each share owns a bit less of the company.
- Sales grew on a year ago in each of the last 4 quarters.
| Quarter to | Amount |
|---|---|
| September 2024 | $697m |
| December 2024 | $734m |
| March 2025 | $772m |
| June 2025 | $855m |
| September 2025 | $962m |
| December 2025 | $1.0bn |
| March 2026 | $1.1bn |
| June 2026 | $1.2bn |
| Quarter to | Amount |
|---|---|
| September 2024 | $61m |
| December 2024 | $332m |
| March 2025 | $71m |
| June 2025 | $97m |
| September 2025 | $139m |
| December 2025 | $174m |
| March 2026 | $167m |
| June 2026 | $157m |
From the company's quarterly reports to the SEC.
Dates
- Next results (estimated)
- n/a
- Last annual report (10-K)
- 17 February 2026
- Next quarterly (estimated, 10-Q)
- 5 November 2026
Who owns it
3 long-term investors we follow own it, unchanged from 3 last quarter. 920 funds in all.
- Gotham Asset ManagementJoel Greenblatt
- Value
- $292,618
- Share of fund
- <0.1%
| Fund | Value | Share of that fund | Change |
|---|---|---|---|
| Patient Capital ManagementSamantha McLemore | $27m | 0.9% | Added |
| Polen CapitalDan Davidowitz | $1m | <0.1% | Cut |
| Gotham Asset ManagementJoel Greenblatt | $292,618 | <0.1% |
Largest holders overall
- BlackRock$1.3bnAdded
- Vanguard Capital Management$1.0bn
- Vanguard Portfolio Management$910m
- Goldman Sachs Group$631mAdded
- UBS Group AG$631mCut
- State Street$516mAdded
- Geode Capital Management$418mCut
- Morgan Stanley$350mCut
- D. E. Shaw$263mCut
- Norges Bank$244mNew
From 13F filings for the quarter ended 30 June 2026.
Big holders and activists
3 investors own more than 5%.
- Vanguard Capital ManagementPassive investor5.3%Since 31 March 2026
- BlackRock, Inc.Passive investor5.1%Since 31 March 2026
- JANE STREET GROUP, LLCPassive investorat least 2.6%−2.9 pts(filed with 3 related holders)Since 30 September 2025
- JPMORGAN CHASE & CO.Passive investorSold down below 5%Since 30 January 2026
- The Vanguard GroupPassive investorSold down below 5%Since 13 March 2026
| Holder | Stake | Since | |
|---|---|---|---|
Vanguard Capital Management Passive investor | 5.3% | 31 March 2026 | |
BlackRock, Inc. Passive investor | 5.1% | 31 March 2026 | |
JANE STREET GROUP, LLC Passive investor | at least 2.6%−2.9 pts (filed with 3 related holders) | 30 September 2025 | |
JPMORGAN CHASE & CO. Passive investor | Sold down below 5% | 30 January 2026 | |
The Vanguard Group Passive investor | Sold down below 5% | 13 March 2026 |
From Schedule 13D and 13G filings: anyone owning more than 5% must file one.
What insiders did
In the last 12 months, 3 insiders bought $2m of shares on the open market. 5 sold $12m, $10m of it under preset trading plans.
- Keough KelliEVP, GBUL, SIPSSoldunder a preset trading plan
- Date
- 21 September 2026
- Shares
- 10,203
- Price
- $16.99
- Value
- $173,310
- Rishel JeremyChief Technology OfficerSoldunder a preset trading plan
- Date
- 21 September 2026
- Shares
- 18,624
- Price
- $17.50
- Value
- $325,920
- Keough KelliEVP, GBUL, SIPSSoldunder a preset trading plan
- Date
- 20 August 2026
- Shares
- 11,286
- Price
- $18.00
- Value
- $203,184
- Keough KelliEVP, GBUL, SIPSSoldunder a preset trading plan
- Date
- 20 July 2026
- Shares
- 10,954
- Price
- $17.19
- Value
- $188,291
- Keough KelliEVP, GBUL, SIPSSoldunder a preset trading plan
- Date
- 22 June 2026
- Shares
- 10,954
- Price
- $17.35
- Value
- $190,052
- Lavet Robert SGeneral CounselSold
- Date
- 18 June 2026
- Shares
- 1,188
- Price
- $17.55
- Value
- $20,849
- Rishel JeremyChief Technology OfficerSoldunder a preset trading plan
- Date
- 17 June 2026
- Shares
- 102,123
- Price
- $17.78
- Value
- $2m
- Noto AnthonyChief Executive Officer, DirectorBought
- Date
- 16 June 2026
- Shares
- 13,888
- Price
- $18.06
- Value
- $250,817
- Keough KelliEVP, GBUL, SIPSSoldunder a preset trading plan
- Date
- 20 May 2026
- Shares
- 10,037
- Price
- $15.53
- Value
- $155,875
- Noto AnthonyChief Executive Officer, DirectorBought
- Date
- 11 May 2026
- Shares
- 15,545
- Price
- $16.00
- Value
- $248,720
| Date | Who | Did | Shares | Price | Value |
|---|---|---|---|---|---|
| 21 September 2026 | Keough Kelli EVP, GBUL, SIPS | Sold under a preset trading plan | 10,203 | $16.99 | $173,310 |
| 21 September 2026 | Rishel Jeremy Chief Technology Officer | Sold under a preset trading plan | 18,624 | $17.50 | $325,920 |
| 20 August 2026 | Keough Kelli EVP, GBUL, SIPS | Sold under a preset trading plan | 11,286 | $18.00 | $203,184 |
| 20 July 2026 | Keough Kelli EVP, GBUL, SIPS | Sold under a preset trading plan | 10,954 | $17.19 | $188,291 |
| 22 June 2026 | Keough Kelli EVP, GBUL, SIPS | Sold under a preset trading plan | 10,954 | $17.35 | $190,052 |
| 18 June 2026 | Lavet Robert S General Counsel | Sold | 1,188 | $17.55 | $20,849 |
| 17 June 2026 | Rishel Jeremy Chief Technology Officer | Sold under a preset trading plan | 102,123 | $17.78 | $2m |
| 16 June 2026 | Noto Anthony Chief Executive Officer, Director | Bought | 13,888 | $18.06 | $250,817 |
| 20 May 2026 | Keough Kelli EVP, GBUL, SIPS | Sold under a preset trading plan | 10,037 | $15.53 | $155,875 |
| 11 May 2026 | Noto Anthony Chief Executive Officer, Director | Bought | 15,545 | $16.00 | $248,720 |
From Form 4 filings: insiders must report trades in their own company's shares within two days.
What could go wrong
Cheap for a reason is the question the numbers cannot answer.
Whether the price already reflects the risks is what the deep dive is for.
The deep dive
Everything above is arithmetic on public filings. The deep dive reads the last ten years of annual reports, the proxy statements, and the earnings calls, then argues the case the way Buffett, Klarman, and Hohn would, and checks every claim against the source.
- What the business is worth, as a range, and the margin of safety at today’s price
- Prices to start buying, buy, and buy hard
- The three things that would make this a mistake
- Every number footnoted to the filing it came from
Your first deep dive is free.
Not advice. Numbers on this page come from SEC filings and are updated each night; prices are updated again after the US market closes. The five-year figures are rounded.