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SoFi (SOFI) Revenue & Revenue Breakdown

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SoFi Revenue Highlights

Latest Revenue (Y)

$2.81B

Latest Revenue (Q)

$763.81M

Main Segment (Y)

Lending Segment

Main Geography (Y)

UNITED STATES

SoFi Revenue by Period

SoFi Revenue by Year

DateRevenueChange
2024-12-31$2.81B35.78%
2023-12-31$2.07B36.11%
2022-12-31$1.52B55.45%
2021-12-31$977.30M72.81%
2020-12-31$565.53M27.76%
2019-12-31$442.66M64.31%
2018-12-31$269.40M-46.83%
2017-12-31$506.71M-

SoFi generated $2.81B in revenue during NA 2024, up 35.78% compared to the previous quarter, and up 634.31% compared to the same period a year ago.

SoFi Revenue by Quarter

DateRevenueChange
2025-03-31$763.81M4.04%
2024-12-31$734.13M6.48%
2024-09-30$689.45M17.46%
2024-06-30$586.98M-7.97%
2024-03-31$637.81M6.16%
2023-12-31$600.83M16.58%
2023-09-30$515.38M6.18%
2023-06-30$485.40M4.67%
2023-03-31$463.75M4.98%
2022-12-31$441.73M8.36%
2022-09-30$407.66M15.67%
2022-06-30$352.42M11.04%
2022-03-31$317.38M12.98%
2021-12-31$280.92M4.20%
2021-09-30$269.61M16.82%
2021-06-30$230.79M17.76%
2021-03-31$195.98M14.28%
2020-12-31$171.49M-14.59%
2020-09-30$200.79M74.67%
2020-06-30$114.95M46.81%
2020-03-31$78.30M21.89%
2019-12-31$64.24M-

SoFi generated $763.81M in revenue during Q1 2025, up 4.04% compared to the previous quarter, and up 127.13% compared to the same period a year ago.

SoFi Revenue Breakdown

SoFi Revenue Breakdown by Product

Annual Revenue by Product

Product/ServiceDec 24Dec 23Dec 21
Lending Segment$1.49B$1.37B$738.32M
Technology Platform Segment$395.18M$352.34M$194.89M
Financial Services Segment$821.51M$436.51M$58.08M

SoFi's latest annual revenue breakdown by segment (product or service), as of Dec 24: Lending Segment (54.97%), Financial Services Segment (30.40%), and Technology Platform Segment (14.63%).

Quarterly Revenue by Product

Product/ServiceMar 25Dec 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 22Dec 21Sep 21Jun 21
Financial Services Segment$53.76M$670.96M$150.55M$368.31M$23.49M$98.05M$81.10M$64.82M$48.95M$30.36M$23.54M$21.96M$12.62M$17.04M
Technology Platform Segment$103.43M$300.81M$94.37M$115.43M$81.45M$87.62M$77.89M$85.65M$53.30M$50.23M$45.30M---
Lending Segment$413.37M$1.15B$330.48M$353.13M-$331.44M$337.08M$328.19M$301.69M$257.12M$252.99M$213.76M$210.29M$166.29M

SoFi's latest quarterly revenue breakdown by segment (product or service), as of Mar 25: Lending Segment (72.45%), Technology Platform Segment (18.13%), and Financial Services Segment (9.42%).

SoFi Revenue Breakdown by Country

Annual Revenue by Country

CountryDec 24Dec 23Dec 22
Non-US$98.40M$94.68M$68.86M
UNITED STATES$2.58B$2.03B$1.50B

SoFi's latest annual revenue breakdown by geography, as of Dec 24: UNITED STATES (96.32%), and Non-US (3.68%).

SoFi Peer Comparison by Revenue

TickerCompanyLast Year RevenueLast Quarter Revenue
RBLXRoblox$3.60B$1.04B
PLTRPalantir$2.87B$883.86M
SOFISoFi$2.81B$763.81M
AFRMAffirm$674.61M$866.38M
UPSTUpstart$636.53M$211.27M
LCIDLucid Group-$234.47M

SOFI Revenue FAQ

What is SoFi’s yearly revenue?

SoFi's yearly revenue for 2024 was $2.81B, representing an increase of 35.78% compared to 2023. The company's yearly revenue for 2023 was $2.07B, representing an increase of 36.11% compared to 2022. SOFI's yearly revenue for 2022 was $1.52B, representing an increase of 55.45% compared to 2021.

What is SoFi’s quarterly revenue?

SoFi's quarterly revenue for Q1 2025 was $763.81M, a 4.04% increase from the previous quarter (Q4 2024), and a 19.75% increase year-over-year (Q1 2024). The company's quarterly revenue for Q4 2024 was $734.12M, a 6.48% increase from the previous quarter (Q3 2024), and a 22.19% increase year-over-year (Q4 2023). SOFI's quarterly revenue for Q3 2024 was $689.44M, a 17.46% increase from the previous quarter (Q2 2024), and a 33.77% increase year-over-year (Q3 2023).

What is SoFi’s revenue growth rate?

SoFi's revenue growth rate for the last 3 years (2022-2024) was 84.82%, and for the last 5 years (2020-2024) was 396.49%.

What are SoFi’s revenue streams?

SoFi's revenue streams in c 24 are Lending Segment, Technology Platform Segment, and Financial Services Segment. Lending Segment generated $1.49B in revenue, accounting 54.97% of the company's total revenue, up 8.36% year-over-year. Technology Platform Segment generated $395.18M in revenue, accounting 14.63% of the company's total revenue, up 12.16% year-over-year. Financial Services Segment generated $821.51M in revenue, accounting 30.40% of the company's total revenue, up 88.20% year-over-year.

What is SoFi’s main source of revenue?

For the fiscal year ending Dec 24, the largest source of revenue of SoFi was Lending Segment. This segment made a revenue of $1.49B, representing 54.97% of the company's total revenue.