SoFi Technologies, Inc.

How has the stock done?

Change in closing price from the first day shown, or with Price the closing price itself. Prices: Yahoo Finance, to Nov 12, 2026. Dashed lines: the days the company released earnings (its SEC 8-K filings); EPS estimates: Yahoo Finance. The stock's move after a release runs from the last close before its day to the close the day after (or five days after), so a release before the open counts like one after the close.

Is the business growing?

In the fiscal year to Dec 2025, Technology Platform was 10% and Financial Services was 7% of revenue; 83% was revenue not from contracts with customers, which this breakdown does not split; Technology Platform fell from 15% in the fiscal year to Dec 2023.

Quarters: SoFi Technologies, Inc.'s SEC filings, named by the month they end. Fiscal years: SoFi Technologies, Inc.'s annual reports to the SEC.

How it makes money

Margins over the past years, from the annual income statement.

Each margin is that line of the income statement divided by revenue. Fiscal year: SoFi Technologies, Inc.'s annual reports to the SEC.

Customers and suppliers

In its latest annual report SoFi Technologies buys from Amazon; sells to Banco Nación.

Their suppliers

e.l.f. Beauty ELFto Amazon

United Parcel Service UPSto Amazon

Applied Optoelectronics AAOIto Amazon

Show 3

Suppliers

Amazon AMZN

 

SOFISoFi Technologies

Customers

Banco Nación

Changes since the previous annual report (10-K filed Feb 24, 2025)

Banco NaciónNamed for the first time, as a customer

Only the companies SoFi Technologies names in its 10-K filed Feb 17, 2026 (SEC). The supply chain joins the latest annual reports of the companies on it and the 8-Ks they filed since: a link shows when either side's report names the other, so it grows as more reports are read. Hover a name for the filing's own words.

Is it expensive?

P/E of 27.9x, above the peer median of 17.9x, so it needs earnings to keep growing to hold up.

Priced 56% above the peer median of 17.9x.

At 27.9× trailing earnings SOFI is below most of its range since Oct 2024; the median is 43.7×.

Closing price over diluted earnings per share of the last four reported quarters, as known on each day (a quarter counts 35 days after it ends). From SEC filings; earnings per share adjusted for splits.

What analysts expect

The average analyst price target is $20.84, 33% above the current price; 44% of 25 analysts rate it a buy; earnings beat estimates in 3 of the last 4 quarters.

Buy or Strong Buy: 11 analysts (44%). Sell or Strong Sell: 4.

Over the past year the average of the analysts' latest price targets went from $26.38 to $20.77 (−21%), while SOFI went from $28.39 to $15.63 (−45%). In the past three months targets were raised 7 times and cut twice. 2 upgrades and no downgrades over the year; the latest: Citizens moved it to Market Outperform from Market Perform on Feb 9, 2026.

The day after each of these reports the stock moved −9.4% (Dec 2025, beat); −12.3% (Mar 2026, in line); −1.6% (Jun 2026, beat); +18.5% (Sep 2026, beat).

For the quarter ending Dec 2026 (SoFi Technologies reports on Jan 29, 2027), analysts expect adjusted earnings of $0.20 a share, 62% more than the $0.12 of a year earlier, and revenue of $1.4B. For the fiscal year ending Dec 2027, they expect adjusted earnings of $0.90 a share, 48% more than the year before's estimate of $0.61, and revenue of $6.4B, up 27% on the year before's estimate.

Targets, ratings and earnings estimates: Yahoo Finance. Rating and target changes: Yahoo Finance's list of upgrades and downgrades. The average target on each day is the average of every listed firm's latest target set in the 180 days before it, so it counts fewer analysts than the average target above, and the band is the middle half of those targets (a quarter of the firms are above it, a quarter below); a target set before a stock split is divided by the split. Expected figures: the average of the analysts' estimates (Yahoo Finance). Their EPS is adjusted, as analysts estimate it, so it is set against the adjusted EPS Yahoo reports for the same quarters, not the GAAP EPS of the growth and valuation sections; revenue against the SEC filings. No change is given against a quarter whose reported EPS was more than 50% off its own estimate (often a one-off gain or charge), nor against a year that counts one. Each estimate is pinned to its fiscal period by the report date or the period's end, and one that cannot be is left out.

Where the cash goes

Capex of $330M exceeds operating cash flow of −$10.2B, leaving free cash flow of −$10.5B. The gap has to be covered with cash on hand or borrowing.

SoFi Technologies had 1.36B diluted shares in the quarter ended Sep 2026, 5.2% more than a year earlier, and 11.1% more each year on average since Sep 2021.

Free cash flow: operating cash flow minus capital spending on property, plant and equipment, from SEC filings. Shares: each quarter's diluted weighted average as filed with the SEC, since the stock's listing and its latest split.

Financial health

debt-to-equity 0.2, debt is very low and the balance sheet is solid.

Latest fiscal year balance sheet. Source: Yahoo Finance.

Who holds it

In the filings of 1 member of Congress and 6 funds whose copy leaves SOFI out (on the exchange, not in the app yet): Patient Capital Management, James Comer, Swiss National Bank, Norges Bank, Polen Capital Management, Canada Pension Plan Investment Board and 1 more.

What did the funds Hunch tracks do?

Of the 83 funds whose 13F filings Hunch reads, 11 held SOFI at the end of their latest quarter (for most, Q2 2026). Over that quarter 4 added shares, 6 cut and 1 bought new. The largest of them is Norges Bank, 13.63M shares worth $244M at Jun 30, 2026, 11.0% more than at Dec 31, 2025.

From the 13F filings of the 83 funds Hunch tracks, not of every institution: each fund's shares of SOFI at its latest quarter end against the quarter before, as filed (long positions only, options left out), the quarter before put on the latest quarter's share count across a split. A fund files 45 days after its quarter ends, so some have a newer quarter than others. Value is at the quarter end. Norges Bank filed its 13F for Q1 2026 confidentially, with no holdings made public, so its row compares Q2 2026 with Q4 2025.

Are insiders buying or selling?

Officers and directors bought $2.5M and sold $9.8M of SOFI on the open market in the 12 months to Nov 12, 2026. 100% of the sales were made under 10b5-1 plans, set up in advance. The largest was Jeremy Rishel (Chief Technology Officer), who sold $6.2M in 4 sales.

From the Form 4s filed with the SEC about SoFi Technologies, Inc. (90 in the 12 months): purchases (code P) and sales (code S) on the open market by its officers and directors, at the price each filing gives (often an average of the day's trades). A sale is a 10b5-1 sale when its filing says it was made under such a plan, set up in advance. Not counted: 117 other transactions (grants, option exercises, shares withheld for tax, shares sold to pay tax and gifts).