SoFi Technologies Inc 2024年度报告

ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934For the fiscal year ended December 31, 2024or Name of each exchange on whichregistered 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 SecuritiesAct.Yes☐No☐ Indicate by check mark if the registrant is not required to file reports pursuant to Section 13 or Section 15(d) of theAct. 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 theSecurities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant wasrequired to file such reports), and (2) has been subject to such filing requirements for the past 90days.Yes☐No☐ Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to besubmitted pursuant to Rule 405 of Regulation S-T during the preceding 12 months (or for such shorter period that theregistrant was required to submit such files). Yes xNo☐ Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer,a smaller reporting company, or an emerging growth company. See the definitions of “large accelerated filer,”“accelerated filer,” “smaller reporting company,” and “emerging growth company” 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 extendedtransition period for complying with any new or revised financial accounting standards provided pursuant to Section13(a) of the Exchange Act.☐ Indicate by check mark whether the registrant has filed a report on and attestation to its management’s assessmentof the effectiveness of its internal control over financial reporting under Section 404(b) of the Sarbanes-Oxley Act (15U.S.C. 74262(b)) by the registered public accounting firm that prepared or issued its audit report.☐ If securities are registered pursuant to Section 12(b) of the Act, indicate by check mark whether the financialstatements of the registrant included in the filing reflect the correction of an error to previously issued financialstatements.☐ Indicate by check mark whether any of those error corrections are restatements that required a recovery analysis ofincentive-based compensation received by any of the registrant’s executive officers during the relevant recoveryperiod 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 ofJune 30, 2024: $6.7 billion The number of shares of the registrant’s common stock, par value $0.0001 per share, outstanding as of January 31,2025 was 1,096,540,215 shares. DOCUMENTS INCORPORATED BY REFERENCE Portions of the Proxy Statement for the 2025 Annual Meeting of Stockholders are incorporated by reference in PartIII. The Proxy Statement will be filed with the Securities and Exchange Commission within 120 days of theRegistrant’s fiscal year ended December 31, 2024. SOFI TECHNOLOGIES, INC.TABLE OF CONTENTS Item 7A. Quantitative and Qualitative Disclosures About Market Risk133Item 8. Financial Statements and Supplementary Data137Item 9. Changes in and Disagreements With Accountants on Accounting and FinancialDisclosure225Item 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 RelatedStockholder 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 As used in this Annual Report on Form 10-K, unless the context requires otherwise, references to“SoFi”, the “Company”, “we”, “us”, and “our”, and similar references refer to SoFi Technologies, Inc. andits wholly-owned subsidiaries. SeeNote 2. Business Combinationsto the Notes to Consolidated Financial Statements withinPart II, Item 8. for information on our business combinations. Refer toGlossary of Terms and Acronymsfor the definitions of certain terms, acronyms andabbreviations used in this document. CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING STATEMENTS This Annual Report on Form 10-K contains statements that are forward-looking and as such are nothistorical facts. This includes, without limitation, statements regarding the financial position, businessstrategy and the plans and objectives of management for our