SOFI
SoFi Technologies, Inc.
Financial Services · Credit Services · United States · Stock
Score Breakdown
Scored for Aggressive Growth profile
Sub-scores are 0–20 each; Model Score is weighted by your selected investment goal. How it works →
Why Ranked Here
- The composite score of 49.5/100 reflects a mixed picture: solid revenue growth and exceptional margins are offset by flat EPS, declining net income, and a low return on equity.
- The absence of a dividend and no macro theme assignment both scored zero, which weighed on the composite and prevented a higher overall ranking.
- Quarterly momentum in operating and net income is a genuine positive, but the revenue pullback in 2026Q1 introduced enough uncertainty to keep the momentum score from being higher.
Why Not Higher
- Net income fell -3.5% and diluted EPS was flat at $0.39 year-over-year, meaning top-line growth did not translate into bottom-line improvement for shareholders.
- SoFi pays no dividend and is not assigned to any tracked macro theme, both of which scored zero and structurally limited the composite score.
Data Confidence
9 / 10
Very High — full data coverage
Why This Score
Grounded in figures from this company's SEC EDGAR filings — not a restatement of the score itself.
Revenue grew from FY2024's $503,123,000 to FY2025's $619,353,000, a gain of +23.1%, but net income declined from FY2024's $498,665,000 to FY2025's $481,320,000 (-3.5%), and diluted EPS was flat at $0.39 in both FY2024 and FY2025 (+0.0%).
The model rewarded meaningful top-line expansion but penalized the simultaneous contraction in net income and the absence of any earnings-per-share improvement, producing a mid-range growth score.
In FY2025, SoFi reported an operating margin of 84.9% and a net margin of 77.7%, while return on equity stood at 4.6%.
The model rewarded the exceptionally high operating and net margins, which signal strong earnings conversion from revenue, but the relatively low 4.6% return on equity in FY2025 tempered the overall profitability score.
In FY2025, SoFi carried a debt-to-equity ratio of 0.17 and reported total assets of $50,660,478,000.
The low debt-to-equity ratio of 0.17 in FY2025 suggests conservative leverage, which the model viewed positively, while the large asset base reflects the scale of SoFi's financial services operations; limited additional health metrics in the available data constrain a fuller assessment.
Operating income accelerated steadily from $112,192,000 in 2025Q2 to $148,551,000 in 2025Q3, $185,332,000 in 2025Q4, and $199,552,000 in 2026Q1, while net income followed a similar upward path from $97,263,000 in 2025Q2 to $166,731,000 in 2026Q1. Revenue, however, rose from $151,890,000 in 2025Q2 to a peak of $170,290,000 in 2025Q4 before pulling back to $129,504,000 in 2026Q1.
The model rewarded the consistent acceleration in operating and net income across the four quarters, but the notable revenue dip in 2026Q1 introduced a mixed signal that likely prevented a higher momentum score.
SoFi Technologies does not currently pay a dividend; this is a genuine characteristic of the company, not a data limitation.
Because the model rewards dividend income and yield, a confirmed non-payer receives the minimum score on this factor by design.
SoFi Technologies is not currently assigned to any of the 24 tracked macro themes in the model.
The absence of a theme assignment is a neutral classification outcome; it simply means the security does not map to a tracked macro theme at this time, and the score reflects that unassigned status under the model's current methodology.
Research Summary
AI-generated analysis reflects data and conditions as of the report date shown above. Verify any specific figures through primary sources before acting on this analysis.
SoFi Technologies posted strong top-line growth of +23.1% year-over-year in FY2025, reaching $619,353,000 in revenue, yet net income slipped -3.5% and diluted EPS remained flat at $0.39, producing a mid-range growth score. Profitability metrics are striking on the surface—an operating margin of 84.9% and net margin of 77.7%—but a return on equity of only 4.6% tempers enthusiasm. Quarterly momentum in operating and net income has been consistently positive, though a revenue pullback in 2026Q1 to $129,504,000 introduces uncertainty. The absence of a dividend and no macro theme assignment both scored zero, which weighed on the composite, yielding a total model score of 49.5/100 and a High risk rating.
Plain English
SoFi is growing its revenue nicely and converting a huge share of it into profit on paper, but its earnings per share haven't budged, net income actually dipped, and it pays no dividend—so the overall score lands in the middle of the pack with a High risk label.
Bull Case vs. Bear Case
Bull Case
- Revenue expanded +23.1% year-over-year from FY2024 to FY2025, demonstrating meaningful top-line momentum in SoFi's financial services business.
- Operating income accelerated every quarter from $112,192,000 in 2025Q2 to $199,552,000 in 2026Q1, and net income followed a similar upward trajectory, signaling improving operational efficiency.
- A debt-to-equity ratio of just 0.17 in FY2025 indicates conservative leverage, providing financial flexibility relative to SoFi's $50,660,478,000 asset base.
Bear Case
- Despite revenue growth, net income declined -3.5% from FY2024 to FY2025 and diluted EPS was flat at $0.39, meaning shareholders saw no earnings improvement.
- Revenue pulled back sharply to $129,504,000 in 2026Q1 after peaking at $170,290,000 in 2025Q4, introducing a mixed signal about the sustainability of top-line growth.
- Return on equity of only 4.6% in FY2025 suggests that despite high margins, SoFi is not generating strong returns on the capital shareholders have invested.
What Could Change the Picture
Bullish Triggers
- A sustained rebound in quarterly revenue back toward or above the 2025Q4 peak of $170,290,000, combined with continued operating income acceleration, would strengthen the growth and momentum case.
- An improvement in return on equity meaningfully above the current 4.6% would indicate that the large asset base and high margins are translating into genuine shareholder value creation.
Bearish Triggers
- If the 2026Q1 revenue dip of $129,504,000 proves to be the start of a sustained deceleration rather than a one-quarter anomaly, the momentum thesis would weaken considerably.
- Any deterioration in the currently high operating margin of 84.9% or net margin of 77.7% would undermine the primary profitability argument supporting the bull case.
Red Flags
- ONE_TIME_REVIEW: 2024 OCF/NI ratio = -2.25 (OCF=-1,119,807,000, NI=498,665,000) — possible large one-time item
- ONE_TIME_REVIEW: 2025 OCF/NI ratio = -7.78 (OCF=-3,742,458,000, NI=481,320,000) — possible large one-time item
Risk Profile
High RiskSoFi's conservative debt-to-equity ratio of 0.17 in FY2025 suggests limited balance-sheet risk, but the company operates with a very large asset base of $50,660,478,000, and the notable revenue decline in 2026Q1 relative to the prior quarter introduces execution and revenue-consistency risk that supports the High risk rating.
This report is for educational and research purposes only. It does not constitute financial, investment, legal, or tax advice — always conduct your own due diligence before making investment decisions.