Adjusted Net Revenue up 44% to a record $858 million
Adjusted EBITDA up 81% to a record $249 million
Fee-based Revenue up 72% to a record $378 million
Member growth up 34% to a record 11.7 million members
Product growth up 34% to a record 17.1 million products
Management Raises 2025 Guidance
SAN FRANCISCO--(BUSINESS WIRE)--SoFi Technologies, Inc. (NASDAQ: SOFI), a member-centric, one-stop shop for digital financial services that helps members borrow, save, spend, invest and protect their money, reported financial results today for its second quarter ended June 30, 2025.
“We had an exceptional second quarter, driving durable growth and strong returns through our relentless focus on product innovation and brand building,” said Anthony Noto, CEO of SoFi.
“We accelerated adjusted net revenue growth to 44% year-over-year, the highest level in over two years, driven by record high new members, as well as new products, and an increase in fee-based revenue. This consistent, disciplined investment across our platform, combined with unmatched products and services, uniquely positions us to capture the massive and expanding opportunities ahead. Looking forward, we are focusing on innovating faster than ever before to serve more of our members' needs and increasing our financial guidance for 2025.”
Consolidated Results Summary
|
Three Months Ended
|
| % Change |
|
Six Months Ended
|
| % Change | |||||||||||||||
($ in thousands, except per share amounts) | 2025 |
| 2024 |
|
| 2025 |
| 2024 |
| |||||||||||||
Consolidated – GAAP |
|
|
|
|
|
| ||||||||||||||||
Total net revenue | $ | 854,944 |
| $ | 598,618 |
| 43 | % | $ | 1,626,703 |
| $ | 1,243,613 |
| 31 | % | ||||||
Net income |
| 97,263 |
|
| 17,404 |
| 459 | % |
| 168,379 |
|
| 105,447 |
| 60 | % | ||||||
Net income attributable to common stockholders – diluted |
| 97,614 |
|
| 7,954 |
| n/m |
|
| 169,069 |
|
| 30,089 |
| 462 | % | ||||||
Earnings per share attributable to common stockholders – diluted | $ | 0.08 |
| $ | 0.01 |
| 700 | % | $ | 0.14 |
| $ | 0.03 |
| 367 | % | ||||||
Consolidated – Non-GAAP(1) |
|
|
|
|
|
| ||||||||||||||||
Adjusted net revenue | $ | 858,230 |
| $ | 596,965 |
| 44 | % | $ | 1,628,950 |
| $ | 1,177,613 |
| 38 | % | ||||||
Adjusted EBITDA |
| 249,083 |
|
| 137,901 |
| 81 | % |
| 459,420 |
|
| 282,286 |
| 63 | % | ||||||
Adjusted net income |
| 97,263 |
|
| 17,404 |
| 459 | % |
| 168,379 |
|
| 105,447 |
| 60 | % | ||||||
Adjusted net income attributable to common stockholders – diluted |
| 97,614 |
|
| 7,954 |
| n/m |
|
| 169,069 |
|
| 30,089 |
| 462 | % | ||||||
Adjusted earnings per share – diluted | $ | 0.08 |
| $ | 0.01 |
| 700 | % | $ | 0.15 |
| $ | 0.03 |
| 400 | % | ||||||
| ____________________ | ||
(1) | For more information and reconciliations of these non-GAAP measures to the most comparable GAAP measures, see “Non-GAAP Financial Measures” and Table 2 to the “Financial Tables” herein. | |
Product Highlights
- Set New Records in Members and Products. A record 850,000 new members joined SoFi in the quarter, up 34% from the prior year to 11.7 million. The company added a record 1.26 million new products, up 34% from the prior year to 17.1 million products.
- Delivering Results by Serving Members’ Full Financial Needs. SoFi's integrated one-stop shop financial services model drove consistent member acquisition and product adoption, with 35% of new products opened by existing members. This strategy boosted Financial Services revenue per product by over 50% year-over-year in the second quarter. Products like SoFi Relay, which provides members with fully integrated financial insights; SoFi Money, which offers industry-leading 3.8% APY; and SoFi Invest, which provides expansion of alternative investment opportunities, deliver tangible value and competitive benefits that are seamlessly integrated on SoFi’s one-stop shop financial services platform.
- Demonstrating Successful Diversification and Durable Growth with Record Fee‑Based Revenue. Total fee-based revenue reached a record of $377.5 million, up 72% from the prior year period, driven by strong performance from SoFi’s Loan Platform Business (LPB), origination fees, referral fees, interchange revenue and brokerage fee revenue. LPB originated $2.4 billion in loans on behalf of third parties in the second quarter, an increase of 57% from the first quarter, and is now running at an annualized pace of over $9.5 billion in originations and half a billion dollars in high-margin, high-return fee-based revenue, and moved closer to the goal of becoming a billion-dollar revenue business for SoFi.
- Loan Originations Reach Record-Highs with Expanded Product Innovation. SoFi originated a record $8.8 billion in loans during the quarter, including LPB originations. With enhanced technology and improved fulfillment capabilities, SoFi launched a new personal loan product for prime credit card customers. Personal loan originations were up 66% year-over-year. Student loan originations were up 35% from a year ago with a new flexible student loan refinancing option. With stronger technology, improved fulfillment capabilities, and a recent home equity offering, SoFi home loan originations increased by 92% year-over-year.
- Transforming the Future of Finance with Crypto and AI Technology. SoFi announced plans to launch blockchain-enabled international money transfers and a return to crypto investing. Also, strategic investments and innovations in AI, with upcoming features like "Cash Coach", will give even more members tools to optimize their finances.
- Strengthened Brand Awareness to Attract More Members to SoFi’s Ecosystem. With continued investment to build SoFi into a trusted household name, unaided brand awareness accelerated to an all-time high of 8.5%.
- Further Improved Credit Performance. SoFi’s annualized charge-off rate decreased from 3.31% to 2.83% for personal loans compared to the first quarter. The on-balance sheet 90-day delinquency rate for personal loans decreased for the fifth consecutive quarter to 0.42%.
Consolidated Results
SoFi reported a number of key financial achievements. For the second quarter of 2025, GAAP net revenue of $854.9 million increased 43% relative to the prior-year period's $598.6 million. Record adjusted net revenue of $858.2 million grew 44% from the corresponding prior-year period of $597.0 million.
For the second quarter of 2025, total fee-based revenue reached a record of $377.5 million, a year-over-year increase of 72%. This was driven by strong performance from our Loan Platform Business, as well as origination fee revenue, referral fee revenue, interchange fee revenue and brokerage fee revenue. Together, the Financial Services and Technology Platform segments generated $472.4 million of net revenue, an increase of 74% from the prior year period.
SoFi reported its seventh consecutive quarter of GAAP profitability. For the second quarter of 2025, GAAP net income reached $97.3 million and diluted earnings per share reached $0.08.
Second quarter record adjusted EBITDA of $249.1 million increased 81% from the prior year period's $137.9 million. This represents an adjusted EBITDA margin of 29%. All three segments delivered strong contribution profit, at attractive margins.
Equity grew by $182.1 million during the quarter, ending at $6.9 billion and $6.16 of book value per share. Tangible book value grew by $193.8 million during the quarter, ending the period at $5.3 billion. Tangible book value per share was $4.72 at quarter-end, up from $3.94 per share in the prior year period.
Net interest income of $517.8 million for the second quarter was up 26% year-over-year. This was driven by a 24% increase in average interest-earning assets and a 77 basis point decrease in cost of funds, partially offset by a 56 basis point decrease in average asset yields year-over-year. For the second quarter, net interest margin of 5.86% increased 3 basis points year-over-year from 5.83%.
The average rate on deposits in the second quarter was 187 basis points lower than that of warehouse facilities, which translates to approximately $551.9 million of annualized interest expense savings due to the successful remixing of our funding base.
Member and Product Growth
Continued growth in both total members and products in the second quarter is the result of our continued investments in innovation and brand building and reflects the benefits of our broad product suite and unique Financial Services Productivity Loop (FSPL) strategy.
Added a record 850,000 members in the second quarter of 2025, bringing total members over 11.7 million, up 34% from 8.8 million at the end of the same prior year period.
Record product additions of 1.26 million in the second quarter of 2025, bringing total products to over 17.1 million, up 34% from 12.8 million at the end of the same prior year period.
Financial Services products increased by 35% year-over-year to 14.9 million, primarily driven by continued demand for our SoFi Money, Relay and Invest products, and drove 89% of our total product growth. SoFi Money and SoFi Relay grew to 5.9 million and 5.5 million products, respectively, both representing nearly 40% year-over-year growth.
Lending products increased by 28% year-over-year to 2.3 million products, driven primarily by continued demand for personal, student and home loan products.
Technology Platform enabled accounts increased 1% year-over-year to 160 million.
Financial Services Segment Results
For the second quarter of 2025, Financial Services segment net revenue of $362.5 million more than doubled from the prior year period. Net interest income of $193.3 million increased 39% year-over-year, primarily driven by growth in consumer deposits. Noninterest income of $169.2 million more than quadrupled year-over-year, and now represents nearly $680 million in annualized revenue.
In the second quarter, SoFi's Loan Platform Business added $130.6 million to our consolidated adjusted net revenue. Of this, $127.4 million was driven by $2.4 billion of personal loans originated on behalf of third parties as well as referrals to third parties.
In addition to our Loan Platform Business, SoFi continued to see healthy growth in interchange fee revenue in the second quarter, up 83% year-over-year, as a result of nearly $18 billion in total annualized spend in the quarter across Money and Credit Card.
Contribution profit for the second quarter of 2025 reached $188.2 million, a $133.0 million improvement from the prior year period, while contribution margin grew 21 percentage points year-over-year to 52%. This is a reflection of the strong operating leverage generated in the segment, with directly attributable expenses increasing only 50%.
Financial Services – Segment Results of Operations | ||||||||||||||||||||||
|
Three Months Ended
|
|
|
|
Six Months Ended
|
|
| |||||||||||||||
($ in thousands) | 2025 |
| 2024 |
| % Change |
| 2025 |
| 2024 |
| % Change | |||||||||||
Net interest income | $ | 193,322 |
| $ | 139,229 |
| 39 | % | $ | 366,521 |
| $ | 258,942 |
| 42 | % | ||||||
Noninterest income |
| 169,211 |
|
| 36,903 |
| 359 | % |
| 299,131 |
|
| 67,741 |
| 342 | % | ||||||
Total net revenue – Financial Services |
| 362,533 |
|
| 176,132 |
| 106 | % |
| 665,652 |
|
| 326,683 |
| 104 | % | ||||||
Provision for credit losses |
| (10,031 | ) |
| (11,634 | ) | (14 | )% |
| (15,670 | ) |
| (18,799 | ) | (17 | )% | ||||||
Directly attributable expenses |
| (164,270 | ) |
| (109,278 | ) | 50 | % |
| (313,418 | ) |
| (215,490 | ) | 45 | % | ||||||
Contribution profit – Financial Services | $ | 188,232 |
| $ | 55,220 |
| 241 | % | $ | 336,564 |
| $ | 92,394 |
| 264 | % | ||||||
Contribution margin – Financial Services(1) |
| 52 | % |
| 31 | % |
|
| 51 | % |
| 28 | % |
| ||||||||
| ____________________ | ||
(1) | Contribution margin is defined for each of our reportable segments as contribution profit divided by net revenue. | |
By continuously innovating with new and relevant offerings, features and rewards for members, SoFi grew total Financial Services products by 3.9 million, or 35%, year-over-year, bringing the total to 14.9 million at quarter-end. SoFi Money reached 5.9 million products, Relay reached 5.5 million products and SoFi Invest reached 2.9 million products by the end of the second quarter.
Monetization continues to improve with annualized revenue per product of $98 during the second quarter, up 52% year-over-year.
In the second quarter of 2025, total deposits grew to $29.5 billion, with nearly 90% of SoFi Money deposits (inclusive of Checking and Savings and cash management accounts) coming from direct deposit members.
Financial Services – Products |
| June 30, |
|
| |||||
|
| 2025 |
| 2024 |
| % Change | |||
Money(1) |
| 5,887,669 |
|
| 4,298,642 |
|
| 37 | % |
Invest |
| 2,853,416 |
|
| 2,332,045 |
|
| 22 | % |
Credit Card |
| 344,469 |
|
| 260,585 |
|
| 32 | % |
Referred loans(2) |
| 122,580 |
|
| 65,308 |
|
| 88 | % |
Relay |
| 5,526,315 |
|
| 3,933,706 |
|
| 40 | % |
At Work |
| 127,224 |
|
| 99,564 |
|
| 28 | % |
Total financial services products |
| 14,861,673 |
|
| 10,989,850 |
|
| 35 | % |
| ____________________ | ||
(1) | Includes checking and savings accounts held at SoFi Bank, and cash management accounts. | |
(2) | Limited to loans wherein we provide third party fulfillment services as part of our Loan Platform Business. | |
Technology Platform Segment Results
Technology Platform segment net revenue of $109.8 million for the second quarter of 2025 increased 15% year-over-year. Contribution profit of $33.2 million reflected a contribution margin of 30%.
SoFi continues to diversify its Technology Platform client base. Banco Nación, one of Argentina’s largest financial institutions, selected our Cyberbank Digital platform to modernize their digital banking infrastructure.
Technology Platform – Segment Results of Operations | ||||||||||||||||||||||
|
|
Three Months Ended
|
|
|
|
Six Months Ended
|
|
| ||||||||||||||
($ in thousands) |
| 2025 |
| 2024 |
| % Change |
| 2025 |
| 2024 |
| % Change | ||||||||||
Net interest income |
| $ | 266 |
|
| $ | 555 |
|
| (52 | )% |
| $ | 679 |
|
| $ | 1,056 |
|
| (36 | )% |
Noninterest income |
|
| 109,567 |
|
|
| 94,883 |
|
| 15 | % |
|
| 212,581 |
|
|
| 188,748 |
|
| 13 | % |
Total net revenue – Technology Platform |
|
| 109,833 |
|
|
| 95,438 |
|
| 15 | % |
|
| 213,260 |
|
|
| 189,804 |
|
| 12 | % |
Directly attributable expenses |
|
| (76,638 | ) |
|
| (64,287 | ) |
| 19 | % |
|
| (149,152 | ) |
|
| (127,911 | ) |
| 17 | % |
Contribution profit |
| $ | 33,195 |
|
| $ | 31,151 |
|
| 7 | % |
| $ | 64,108 |
|
| $ | 61,893 |
|
| 4 | % |
Contribution margin – Technology Platform(1) |
|
| 30 | % |
|
| 33 | % |
|
|
|
| 30 | % |
|
| 33 | % |
|
| ||
| ____________________ | ||
(1) | Contribution margin is defined for each of our reportable segments as contribution profit divided by net revenue. | |
Technology Platform total enabled client accounts increased 1% year-over-year, to 160.0 million up from 158.5 million in the prior-year period.
Technology Platform |
| June 30, |
|
| |||||
|
| 2025 |
| 2024 |
| % Change | |||
Total accounts |
| 160,046,369 |
|
| 158,485,125 |
|
| 1 | % |
Lending Segment Results
For the second quarter of 2025, Lending segment GAAP net revenue of $443.5 million increased 30% from the prior year period, while adjusted net revenue for the segment of $446.8 million increased 32% from the prior year period.
Lending segment performance in the second quarter was driven by net interest income, which rose 33% year-over-year, primarily driven by growth in average loan balances of 27%.
Lending segment second quarter contribution profit of $244.7 million was up 24% from $197.9 million in the corresponding prior-year period. Lending segment adjusted contribution margin was strong at 55%. This strong performance reflects our ability to capitalize on continued strong demand for our lending products.
Lending – Segment Results of Operations | ||||||||||||||||||||||
|
|
Three Months Ended
|
|
|
|
Six Months Ended
|
|
| ||||||||||||||
($ in thousands) |
| 2025 |
| 2024 |
| % Change |
| 2025 |
| 2024 |
| % Change | ||||||||||
Net interest income |
| $ | 372,675 |
|
| $ | 279,212 |
|
| 33 | % |
| $ | 733,296 |
|
| $ | 545,748 |
|
| 34 | % |
Noninterest income |
|
| 70,837 |
|
|
| 61,493 |
|
| 15 | % |
|
| 123,589 |
|
|
| 125,433 |
|
| (1 | )% |
Total net revenue – Lending |
|
| 443,512 |
|
|
| 340,705 |
|
| 30 | % |
|
| 856,885 |
|
|
| 671,181 |
|
| 28 | % |
Servicing rights – change in valuation inputs or assumptions |
|
| 3,274 |
|
|
| (1,654 | ) |
| (298 | )% |
|
| 2,200 |
|
|
| (6,880 | ) |
| (132 | )% |
Residual interests classified as debt – change in valuation inputs or assumptions |
|
| 12 |
|
|
| 1 |
|
| n/m |
|
|
| 47 |
|
|
| 74 |
|
| (36 | )% |
Directly attributable expenses |
|
| (202,088 | ) |
|
| (141,114 | ) |
| 43 | % |
|
| (375,487 | ) |
|
| (258,718 | ) |
| 45 | % |
Contribution profit – Lending |
| $ | 244,710 |
|
| $ | 197,938 |
|
| 24 | % |
| $ | 483,645 |
|
| $ | 405,657 |
|
| 19 | % |
Contribution margin – Lending(1) |
|
| 55 | % |
|
| 58 | % |
|
|
|
| 56 | % |
|
| 60 | % |
|
| ||
|
|
|
|
|
|
|
|
|
|
|
|
| ||||||||||
Adjusted net revenue – Lending (non-GAAP)(2) |
| $ | 446,798 |
|
| $ | 339,052 |
|
| 32 | % |
| $ | 859,132 |
|
| $ | 664,375 |
|
| 29 | % |
Adjusted contribution margin – Lending (non-GAAP)(2) |
|
| 55 | % |
|
| 58 | % |
|
|
|
| 56 | % |
|
| 61 | % |
|
| ||
| ____________________ | ||
(1) | Contribution margin is defined for each of our reportable segments as contribution profit divided by net revenue. | |
(2) | For more information and a reconciliation of these non-GAAP financial measures to the most comparable GAAP measure, see “Non-GAAP Financial Measures” and Table 2 to the “Financial Tables” herein. | |
Lending – Loans At Fair Value |
| |||||||||||||||
($ in thousands) | Personal Loans |
| Student Loans |
| Home Loans |
| Total | |||||||||
June 30, 2025 |
|
|
|
|
|
|
| |||||||||
Unpaid principal | $ | 18,416,674 |
|
| $ | 10,099,685 |
|
| $ | 359,360 |
|
| $ | 28,875,719 |
| |
Accumulated interest |
| 132,100 |
|
|
| 57,581 |
|
|
| 895 |
|
|
| 190,576 |
| |
Cumulative fair value adjustments(1) |
| 1,055,163 |
|
|
| 584,375 |
|
|
| 17,137 |
|
|
| 1,656,675 |
| |
Total fair value of loans(2)(3) | $ | 19,603,937 |
|
| $ | 10,741,641 |
|
| $ | 377,392 |
|
| $ | 30,722,970 |
| |
March 31, 2025 |
|
|
|
|
|
|
| |||||||||
Unpaid principal | $ | 16,825,564 |
|
| $ | 9,053,359 |
|
| $ | 344,246 |
|
| $ | 26,223,169 |
| |
Accumulated interest |
| 126,203 |
|
|
| 49,501 |
|
|
| 1,069 |
|
|
| 176,773 |
| |
Cumulative fair value adjustments(1) |
| 917,463 |
|
|
| 468,597 |
|
|
| 11,518 |
|
|
| 1,397,578 |
| |
Total fair value of loans(2)(3) | $ | 17,869,230 |
|
| $ | 9,571,457 |
|
| $ | 356,833 |
|
| $ | 27,797,520 |
| |
| ____________________ | ||
(1) | During the three months ended June 30, 2025, the cumulative fair value adjustments for personal loans were impacted by a higher unpaid principal balance, a lower weighted average discount rate and a lower weighted average annual default rate, and a lower weighted average conditional prepayment rate, partially offset by a lower weighted average coupon. The lower discount rate was driven by a 25 basis points decrease in benchmark rates offset by 5 basis points of spread widening. The cumulative fair value adjustments for student loans were impacted by a higher unpaid principal balance and a lower weighted average discount rate partially offset by lower weighted average coupon and higher weighted average conditional prepayment rate. The lower discount rate was driven by a 27 basis points decrease in benchmark rates partially offset by 2 basis points of spread widening. | |
(2) | 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. | |
(3) | Student loans are classified as loans held for investment, and personal loans and home loans are classified as loans held for sale. | |
The following table summarizes the significant inputs to the fair value model for personal and student loans:
| Personal Loans |
| Student Loans | |||||||||
| June 30, 2025 |
| March 31, 2025 |
| June 30, 2025 |
| March 31, 2025 | |||||
Weighted average coupon rate(1) | 13.17 | % |
| 13.30 | % |
| 5.98 | % |
| 6.01 | % | |
Weighted average annual default rate | 4.28 | % |
| 4.37 | % |
| 0.67 | % |
| 0.67 | % | |
Weighted average conditional prepayment rate | 26.45 | % |
| 26.53 | % |
| 11.28 | % |
| 10.93 | % | |
Weighted average discount rate | 4.67 | % |
| 4.87 | % |
| 3.97 | % |
| 4.22 | % | |
Benchmark rate(2) | 3.49 | % |
| 3.74 | % |
| 3.39 | % |
| 3.66 | % | |
| ____________________ | ||
(1) | Represents the average coupon rate on loans held on balance sheet, weighted by unpaid principal balance outstanding at the balance sheet date. | |
(2) | Corresponds with two-year SOFR for personal loans, and four-year SOFR for student loans. | |
For the second quarter of 2025, record origination volume of $8.8 billion increased 64% year-over-year. This was a result of continued strong member demand for personal loans, student loans and home loans as well as strong demand from capital markets partners.
Record personal loan originations of $7.0 billion in the second quarter of 2025 were up 66% year-over-year, inclusive of $2.4 billion originated on behalf of third parties through our Loan Platform Business. Second quarter student loan volume of $1.0 billion was up 35% year-over-year. Home equity loan originations were a record during the second quarter, accounting for nearly one-third of total home loan volume. In total, home loan volume was $799 million, an increase of 92% year-over-year.
Capital markets activity in the second quarter of 2025 was very strong. Overall, SoFi sold, or transferred through our Loan Platform Business, more than $3.4 billion in total of personal loans and home loans. In terms of personal loans, we closed $200.0 million of sales in whole loan form at a blended execution of 105.8%. In terms of home loan sales, we closed $777 million at a blended execution of 102.2%.
In addition to our personal and home loan sales, SoFi executed a $690 million co-contributor securitization of loans previously originated through our Loan Platform Business. This was the second securitization of new collateral in our SoFi Consumer Loan Program (SCLP) since 2021 using collateral originated in the Loan Platform Business. Importantly, this channel provides our partners with meaningful liquidity to support their ongoing investment in the Loan Platform Business. The transaction priced at industry-leading cost-of-funds levels, with a weighted average spread of 101 basis points.
Credit performance further strengthened in the second quarter. The on-balance sheet 90 day delinquency rate for personal loans decreased from 46 basis points to 42 basis points, while the on-balance sheet 90 day delinquency rate for student loans was 13 basis points, in line with the prior quarter.
Personal loan annualized charge-off rate decreased to 2.83% from 3.31% in the prior quarter, including the impact of asset sales, new originations and the delinquency sales in the quarter. Had SoFi not sold these late stage delinquent loans, it is estimated that, including recoveries, they would have had an all-in annualized net charge-off rate for personal loans of approximately 4.5% vs. 4.8% in the prior quarter.
The data continues to support a 7–8% maximum life of loan loss assumption for personal loans, in line with SoFi's underwriting tolerance.
Recent vintages, originated from the fourth quarter of 2022 to the third quarter of 2024 have net cumulative losses of 4.23%, with 41% unpaid principal balance remaining. This is well below the 5.75% observed at the same point in time for the 2017 vintage which is the last vintage that approached our 7-8% tolerance. The gap between the newer cohort curve and the 2017 cohort curve improved by 19 basis points, after improving 16 basis points last quarter, demonstrating continued improvement.
Additionally, of the first quarter of 2020 through the first quarter of 2025 originations, 60% of principal has already been paid down, with 6.7% in net cumulative losses. Therefore, for life-of-loan losses on this entire cohort of loans to reach 8%, the charge-off rate on the remaining 40% of unpaid principal would need to be approximately 10%. This would be well above past levels, providing further confidence in achieving loss rates below our 8% tolerance.
Lending – Originations and Average Balances | ||||||||||||||||||||||
|
|
Three Months Ended
|
| % Change |
|
Six Months Ended
|
| % Change | ||||||||||||||
|
| 2025 |
| 2024 |
|
| 2025 |
| 2024 |
| ||||||||||||
Origination volume ($ in thousands, during period) |
|
|
|
|
|
|
|
|
|
|
|
| ||||||||||
Personal loans(1) |
| $ | 6,968,746 |
|
| $ | 4,192,114 |
|
| 66 | % |
| $ | 12,505,587 |
|
| $ | 7,470,996 |
|
| 67 | % |
Student loans |
|
| 993,326 |
|
|
| 736,518 |
|
| 35 | % |
|
| 2,184,789 |
|
|
| 1,488,198 |
|
| 47 | % |
Home loans |
|
| 798,881 |
|
|
| 416,936 |
|
| 92 | % |
|
| 1,316,639 |
|
|
| 753,084 |
|
| 75 | % |
Total |
| $ | 8,760,953 |
|
| $ | 5,345,568 |
|
| 64 | % |
| $ | 16,007,015 |
|
| $ | 9,712,278 |
|
| 65 | % |
Average loan balance ($, as of period end)(2) |
|
|
|
|
|
|
|
|
|
|
|
| ||||||||||
Personal loans |
| $ | 25,758 |
|
| $ | 24,649 |
|
| 4 | % |
|
|
|
|
|
| |||||
Student loans |
|
| 43,209 |
|
|
| 44,165 |
|
| (2 | )% |
|
|
|
|
|
| |||||
Home loans |
|
| 270,540 |
|
|
| 283,726 |
|
| (5 | )% |
|
|
|
|
|
| |||||
| ____________________ | ||
(1) | Inclusive of origination volume related to our Loan Platform Business. | |
(2) | Within each loan product category, average loan balance is defined as the total unpaid principal balance of the loans divided by the number of loans that have a balance greater than zero dollars as of the reporting date. Average loan balance includes loans on our balance sheet, as well as transferred loans and referred loans with which SoFi has continuing involvement through our servicing agreements. | |
Contacts
Investors:
SoFi Investor Relations
IR@sofi.com
Media:
SoFi Media Relations
PR@sofi.com
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