SoFi Technologies Inc 2024年度报告

SECURITIES AND EXCHANGE COMMISSIONWashington, D.C. 20549 (Mark One) ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year endedDecember31, 2024or☐TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 SoFi Technologies, Inc. Name of each exchange on which registered The Nasdaq Global Select Market Securities registered pursuant to Section 12(g) of the Act:None Indicate by check mark if the registrant is a well-known seasoned issuer, as defined in Rule 405 of the Securities Act.Yes☐No☒ Indicate by check mark if the registrant is not required to file reports pursuant to Section 13 or Section 15(d) of the Act. Yes☐No☒ Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to suchfiling requirements for the past 90 days.Yes☒No☐ Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule 405of Regulation S-T during the preceding 12 months (or for such shorter period that the registrant was required to submit such files).Yes x No☐ Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reporting company, oran emerging growth company. See the definitions of “large accelerated filer,” “accelerated filer,” “smaller reporting company,” and “emerging growthcompany” in Rule 12b-2 of the Exchange Act. If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with anynew or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.☐ Indicate by check mark whether the registrant has filed a report on and attestation to its management’s assessment of the effectiveness of its internalcontrol over financial reporting under Section 404(b) of the Sarbanes-Oxley Act (15 U.S.C. 74262(b)) by the registered public accounting firm thatprepared or issued its audit report.☒ If securities are registered pursuant to Section 12(b) of the Act, indicate by check mark whether the financial statements of the registrant included inthe filing reflect the correction of an error to previously issued financial statements.☐ Indicate by check mark whether any of those error corrections are restatements that required a recovery analysis of incentive-based compensationreceived by any of the registrant’s executive officers during the relevant recovery period pursuant to §240.1D-1(b).☐ Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Act).Yes☐No☒ The aggregate market value of the voting and non-voting common equity of the Registrant held by non-affiliates as of June 30, 2024: $6.7billionThe number of shares of the registrant’s common stock, par value $0.0001 per share, outstanding as of January31, 2025 was1,096,540,215shares. DOCUMENTS INCORPORATED BY REFERENCE Portions of the Proxy Statement for the 2025 Annual Meeting of Stockholders are incorporated by reference in Part III. The Proxy Statement will befiled with the Securities and Exchange Commission within 120 days of the Registrant’s fiscal year ended December31, 2024. SoFi Technologies, Inc.TABLE OF CONTENTS SOFI TECHNOLOGIES, INC.TABLE OF CONTENTS PageGlossary of Terms and Acronyms2Forward-Looking Statements3Part IItem 1. Business5Item 1A. Risk Factors27Item 1B. Unresolved Staff Comments82Item 1C. Cybersecurity82Item 2. Properties83Item 3. Legal Proceedings84Item 4. Mine Safety Disclosures84Part IIItem 5. Market for Registrant’s Common Equity, Related Stockholder Matters and Issuer Purchases of EquitySecurities85Item 6. Reserved86Item 7. Management’s Discussion and Analysis of Financial Condition and Results of Operations86Item 7A. Quantitative and Qualitative Disclosures About Market Risk133Item 8. Financial Statements and Supplementary Data137Item 9. Changes in and Disagreements With Accountants on Accounting and Financial Disclosure225Item 9A. Controls and Procedures225Item 9B. Other Information227Item 9C. Disclosure Regarding Foreign Jurisdictions that Prevent Inspections227Part IIIItem 10. Directors, Executive Officers and Corporate Governance227Item 11. Executive Compensation227Item 12. Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters227Item 13. Certain Relationships and Related Transactions, and Director Independence227Item 14. Principal Accounting Fees and Services227Part IVItem 15. Exhibits, Financial Statement Schedules227Item 16. Form 10-K Summary230Signatures231 Glossary of Terms and Acronyms SoFi Technologies, Inc. As used in this Annual Report on Form 10-K, unless the c