The company has aggressively expanded its total assets to $53.7 billion by 2026Q1, though the reported 0.18 debt-to-equity ratio may understate the true leverage inherent in its deposit-taking banking model.
| Total Current Assets | 6.81B | 9.16B | 5.21B | 3.87B | 1.66B | 833.04M | 890.5M | 520.8M | 325.11M |
| Cash & Short-Term Investments | - | - | - | - | - | - | - | - | - |
| Cash Only | - | - | - | - | - | - | - | - | - |
| Short-Term Investments | - | - | - | - | - | - | - | - | - |
| Accounts Receivable | - | - | - | - | - | - | - | - | - |
| Days Sales Outstanding | - | - | - | - | - | - | - | - | - |
| Inventory | - | - | - | - | - | - | - | - | - |
| Days Inventory Outstanding | - | - | - | - | - | - | - | - | - |
| Other Current Assets | 360.23M | 427.32M | 0 | 0 | 0 | 0 | 0 | 0 | -219.74M |
| Total Non-Current Assets | 46.89B | 41.5B | 31.04B | 26.21B | 17.35B | 8.34B | 7.67B | 6.77B | 8.22B |
| Property, Plant & Equipment | 537.34M | 510.39M | 369.09M | 306.54M | 267.24M | 227.06M | 198.35M | 161M | 13.29M |
| Fixed Asset Turnover | 10.57x | 9.35x | 10.03x | 9.45x | 6.60x | 4.79x | 3.79x | 4.48x | 45.14x |
| Goodwill | 1.39B | 1.39B | 1.39B | 1.39B | 1.62B | 898.53M | 899.27M | 15.67M | 15.74M |
| Intangible Assets | 582.99M | 610.1M | 639.92M | 544.52M | 592.01M | 452.84M | 504.68M | 213.4M | 189.01M |
| Long-Term Investments | 148.21B | 38.51B | 28.03B | 23.29B | 14.28B | 6.48B | 5.48B | 6.15B | 0 |
| Other Non-Current Assets | - | - | - | - | - | - | - | - | - |
| Total Assets | 53.7B | 50.66B | 36.25B | 30.07B | 19.01B | 9.18B | 8.56B | 7.29B | 8.55B |
| Asset Turnover | 0.11x | 0.09x | 0.10x | 0.10x | 0.09x | 0.12x | 0.09x | 0.10x | 0.07x |
| Asset Growth % | 139.69% | 39.75% | 20.54% | 58.22% | 107.14% | 7.16% | 17.48% | -14.75% | - |
| Total Current Liabilities | 40.73B | 38.45B | 26.86B | 19.47B | 8.12B | 750.07M | 1.39B | 368.18M | 7.33M |
| Accounts Payable | 0 | 89.81M | 132.78M | 159.91M | 144.57M | 158.06M | 452.91M | 103.59M | 0 |
| Days Payables Outstanding | - | - | - | - | - | - | - | - | - |
| Short-Term Debt | 486M | 486M | 486M | 486M | 486M | 497.81M | 486M | 161M | 28.2M |
| Deferred Revenue (Current) | 0 | - | - | - | - | - | - | - | - |
| Other Current Liabilities | 40.24B | 37.51B | 25.98B | 18.62B | 7.34B | 0 | 0 | 0 | -28.2M |
| Current Ratio | 0.17x | 0.24x | 0.19x | 0.20x | 0.20x | 1.11x | 0.64x | 1.41x | 44.32x |
| Quick Ratio | 0.17x | 0.24x | 0.19x | 0.20x | 0.20x | 1.11x | 0.64x | 1.41x | 44.32x |
| Cash Conversion Cycle | - | - | - | - | - | - | - | - | - |
| Total Non-Current Liabilities | 2.16B | 1.73B | 2.86B | 5.05B | 5.36B | 3.73B | 4.12B | 4.82B | 6.72B |
| Long-Term Debt | 1.33B | 1.33B | 2.61B | 4.75B | 5.02B | 3.54B | 4.43B | 4.8B | 6.62B |
| Capital Lease Obligations | 0 | - | - | - | - | - | - | - | - |
| Deferred Tax Liabilities | 0 | - | - | - | - | - | - | - | - |
| Other Non-Current Liabilities | - | - | - | - | - | - | - | - | - |
| Total Liabilities | 42.89B | 40.17B | 29.73B | 24.52B | 13.48B | 4.48B | 5.51B | 5.19B | 6.73B |
| Total Debt | 1.91B | 1.93B | 3.2B | 5.36B | 5.63B | 4.19B | 5.06B | 5.08B | 6.65B |
| Net Debt | -1.49B | -2.99B | 665.92M | 2.28B | 4.21B | 3.7B | 4.18B | 4.59B | 6.11B |
| Debt / Equity | 0.18x | 0.18x | 0.49x | 0.97x | 1.02x | 0.89x | 1.66x | 2.42x | 3.65x |
| Debt / EBITDA | 2.15x | 2.55x | 7.33x | - | - | - | - | - | - |
| Net Debt / EBITDA | -1.67x | -3.94x | 1.52x | - | - | - | - | - | - |
| Interest Coverage | 0.54x | 0.45x | 0.21x | -0.38x | -1.68x | -4.68x | -1.77x | -0.86x | -0.77x |
| Total Equity | 10.81B | 10.49B | 6.53B | 5.55B | 5.53B | 4.7B | 3.05B | 2.1B | 1.82B |
| Equity Growth % | 182.32% | 60.76% | 17.46% | 0.48% | 17.68% | 53.84% | 45.36% | 15.29% | - |
| Book Value per Share | 7.85 | 8.38 | 5.92 | 5.88 | 6.14 | 8.92 | 26.29 | 18.09 | 15.69 |
| Total Shareholders' Equity | 10.81B | 10.49B | 6.53B | 5.55B | 5.53B | 4.7B | 3.05B | 2.1B | 1.82B |
| Common Stock | 127K | 126K | 109K | 97K | 93K | 83K | 0 | 0 | 0 |
| Retained Earnings | -657.55M | -824.28M | -1.31B | -1.8B | -1.5B | -1.18B | -699.18M | -474.56M | -223.14M |
| Treasury Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -2.91M |
| Accumulated OCI | -2.74M | 10.98M | -8.37M | -1.21M | -8.3M | -1.47M | -166K | -21K | -12K |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Credit cycle and leverage
According to quarterly financial data, total assets have surged from $30.1 billion in 2023Q4 to $53.7 billion by 2026Q1, a rapid expansion that suggests the company is aggressively scaling its balance sheet to capture market share in the digital banking and lending sectors.
This aggressive asset growth appears to be driven by the rapid accumulation of loan assets, which necessitates a corresponding increase in funding sources. Investors should monitor whether this pace of expansion can be sustained without compromising the quality of the underlying loan portfolio or requiring excessive future capital raises.
Based on reported figures, the company lists a Debt/Equity ratio of 0.18 as of 2026Q1, yet this metric warrants skepticism as it likely excludes significant deposit liabilities and warehouse financing facilities that function as the primary debt of a chartered financial institution.
The reported debt levels appear to fluctuate significantly, dropping from $5.4 billion in 2023Q4 to $1.9 billion in 2026Q1, which may indicate a strategic shift in funding mix rather than a genuine reduction in financial risk. Analysts should treat this headline leverage ratio with caution, as it potentially masks the true sensitivity of the firm to interest rate volatility and credit defaults.
As reported in financial statements, the company continues to carry a significant accumulated deficit in retained earnings, which stood at -$657.5 million in 2026Q1, reflecting the historical cost of aggressive customer acquisition and the ongoing investment required to build out its proprietary technology stack.
While the narrowing of this deficit from -$1.8 billion in 2023Q4 suggests improving operational efficiency, the reliance on equity-based growth remains a structural feature of the balance sheet. This trend implies that the company's path to long-term book value appreciation is still heavily dependent on achieving consistent, sustainable GAAP profitability.
Based on the provided balance sheet data, the current ratio has remained consistently low, hovering between 0.15 and 0.24 over the last ten quarters, which indicates a structural mismatch between short-term assets and liabilities typical of a deposit-taking institution.
This liquidity profile suggests that the company relies heavily on the stability of its deposit base to meet short-term obligations. Investors should monitor whether this narrow buffer is sufficient to withstand potential shocks in deposit outflows or sudden spikes in credit loss provisions during a downturn.
Data from recent filings reveals that the company utilizes fair value accounting for its loan portfolio, a practice that introduces non-cash volatility into the balance sheet and potentially obscures the true economic value of assets during periods of market stress.
This accounting approach may lead to significant swings in reported equity that do not necessarily correlate with actual cash inflows or outflows. Consequently, the balance sheet may appear more or less robust depending on the discount rates and default assumptions applied by management, necessitating a critical view of reported asset values.
Quick answers to the most common questions about buying SOFI stock.
As of 2025, SoFi Technologies, Inc. (SOFI) had total assets of $50.66B including $9.16B in current assets.
SoFi Technologies, Inc. (SOFI) carries total debt of $1.93B. Comparing total debt to cash helps evaluate the company's debt burden and net leverage.
SoFi Technologies, Inc. (SOFI) has total shareholders' equity (book value) of $10.49B ($8.38 book value per share). Book value represents the net worth of the company belonging to common stock holders.
SoFi Technologies, Inc. (SOFI) reported a current ratio of 0.24x. A current ratio above 1.0x indicates that the company has more current assets than current liabilities, suggesting sufficient short-term liquidity.