SoFi Technologies Inc 2025年季度报告

FORM10-Q(Mark One) ☒QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934For the quarterly period endedMarch31, 2025 or ☐TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934For the transition period fromto Commission file number001-39606 SoFi Technologies, Inc. (Exact name of registrant as specified in its charter) (855)456-7634(Registrant’s telephone number, including area code) Securities registered pursuant to Section 12(b) of the Act: Name of each exchange on which registered 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 ExchangeAct of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has beensubject to such filing 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 and postedpursuant to Rule 405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that theregistrant was required to submit such files).Yes☒No☐ Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reportingcompany, 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. Large accelerated filer☒Accelerated filer☐Non-accelerated filer☐Smaller reporting company☐Emerging growth company☐ If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complyingwith any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.☐ The number of shares of the registrant’s common stock, par value $0.0001 per share, outstanding as of April30, 2025 was1,105,363,096shares. SOFI TECHNOLOGIES, INC.TABLE OF CONTENTS PageGlossary of Terms and Acronyms2Forward-Looking Statements3PART I – FINANCIAL INFORMATIONItem 1.Financial StatementsCondensed Consolidated Balance Sheets5Condensed Consolidated Statements of Operations and Comprehensive Income7Condensed Consolidated Statements of Changes in Temporary Equity and Permanent Equity8Condensed Consolidated Statements of Cash Flows9Notes to Condensed Consolidated Financial Statements11Note 1. Organization, Summary of Significant Accounting Policies and New Accounting Standards11Note 2. Revenue13Note 3. Loans14Note 4. Allowance for Credit Losses22Note5. Investment Securities24Note6. Securitization and Variable Interest Entities26Note7. Deposits28Note8. Debt29Note9. Equity31Note 10. Derivative Financial Instruments33Note 11. Fair Value Measurements34Note 12. Share-Based Compensation41Note 13. Income Taxes44Note 14. Commitments, Guarantees, Concentrations and Contingencies44Note 15. Earnings Per Share46Note 16. Business Segment Information47Note 17. Subsequent Events50Item 2.Management’s Discussion and Analysis of Financial Condition and Results of Operations51Item 3.Quantitative and Qualitative Disclosures About Market Risk93Item 4.Controls and Procedures96 Item 1.Legal Proceedings97Item 1A.Risk Factors97Item 2.Unregistered Sales of Equity Securities and Use of Proceeds97Item 3.Defaults Upon Senior Securities97Item 4.Mine Safety Disclosures97Item 5.Other Information98Item 6.Exhibits98 Signatures99 Glossary of Terms and Acronyms SoFi Technologies, Inc. As used in this Quarterly Report on Form 10-Q, unless the context requires otherwise, references to “SoFi”, the “Company”,“we”, “us”, and “our”, and similar references refer to SoFi Technologies, Inc. and its wholly-owned subsidiaries. Refer toGlossary of Terms and Acronymsfor the definitions of certain terms, acronyms and abbreviations used in thisdocument. CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING STATEMENTS This Quarterly Report on Form 10-Q contains statements that are forward-looking and as such are not historical facts. Thisincludes, without limitation, statements regarding the financial position, business strategy and the plans and objectives of managementfor our future operations; anticipated trends and prospects in the industries in which our business operates; new products, services andrelated strategies; anticipated actions by governmental authorities; and macroeconomic conditions. These statements constituteprojections, forecasts and forward-looking statements, and are not guarantees of performance. Such statements can be identified by thefact that they do not relate strictly to historical or current facts. When used in this Quarterly Report on Form 10-Q, words such as“aim”, “allow”, “anticipate”, “believe”, “can”, “continue”, “could”, “estimate”, “expect”, “if”, “intend”, “likely”, “may”, “might”,“opportunity