How SoFi Technologies makes money

Period

FY2025

How does SoFi Technologies make money? This Sankey traces every dollar of revenue through the income statement — into cost of revenue, R&D, SG&A, and taxes — and shows what's left as profit. Pick any fiscal year, recent quarter, or the trailing twelve months. Straight from SEC filings.

SoFi Technologies Inc. Common Stock · FY2025 · year ended 2025-12-31

Revenue$3.6BGross profit$3.0B · 83%Cost of revenue$609M · 17%Operating income$556M · 15%Operating expenses$2.4B · 68%R&D$648M · 18%SG&A$704M · 19%Selling & marketing$1.1B · 30%Pre-tax income$526M · 15%Other expense$30M · 1%Net income$481M · 13%Income tax$45M · 1%

Each fiscal year from SEC filings. Percentages are share of revenue, so the green profit nodes read directly as gross / operating / net margin. Line items a company doesn't break out are derived from their siblings so the flows balance; small residuals show as “Other.” For informational purposes only.