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Net Income is the net profit that a company earns after deducting all costs and losses including cost of goods, SGA, DDA, interest expenses, non-recurring items and tax. SoFi Technologies's Net Income for the three months ended in Dec. 2024 was $332 Mil. Its Net Income for the trailing twelve months (TTM) ended in Dec. 2024 was $499 Mil.
Net Income is linked to the most popular Earnings per Share (Diluted) number. SoFi Technologies's Earnings per Share (Diluted) for the three months ended in Dec. 2024 was $0.28.
The historical data trend for SoFi Technologies's Net Income can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
SoFi Technologies Annual Data | ||||||||||||||||
Trend | Dec18 | Dec19 | Dec20 | Dec21 | Dec22 | Dec23 | Dec24 | |||||||||
Net Income | Get a 7-Day Free Trial | -224.05 | -483.94 | -320.41 | -300.74 | 498.67 |
SoFi Technologies Quarterly Data | ||||||||||||||||||||
Dec19 | Jun20 | Sep20 | Dec20 | Mar21 | Jun21 | Sep21 | Dec21 | Mar22 | Jun22 | Sep22 | Dec22 | Mar23 | Jun23 | Sep23 | Dec23 | Mar24 | Jun24 | Sep24 | Dec24 | |
Net Income | Get a 7-Day Free Trial |
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47.91 | 88.04 | 17.40 | 60.75 | 332.47 |
Net Income is the net profit that a company earns after deducting all costs and losses including cost of goods, SGA, DDA, interest expenses, non-recurring items and tax.
Net Income
= Revenue
- Cost of Goods Sold
- Selling, General, & Admin. Expense
- Research & Development
- Depreciation, Depletion and Amortization
- Interest Expense
- Non Operating Income (NRI) - Tax Expense + Others
= EBITDA
- Depreciation, Depletion and Amortization
- Interest Expense
- Non Operating Income (NRI) - Tax Expense + Others
= Operating Income
- Interest Expense
- Non Operating Income (NRI) - Tax Expense + Others
= Pre-Tax Income - Tax Expense + Others
SoFi Technologies's Net Income for the fiscal year that ended in Dec. 2024 is calculated as
Net Income | (A: Dec. 2024 ) | ||||||
= | Pre-Tax Income | + | Tax Provision | + | Net Income (Discontinued Operations) | + | Others |
= | 233.345 | + | 265.32 | + | 0 | + | 5.6843418860808E-14 |
= | 499 |
SoFi Technologies's Net Income for the quarter that ended in Dec. 2024 is calculated as
Net Income | (Q: Dec. 2024 ) | ||||||
= | Pre-Tax Income | + | Tax Provision | + | Net Income (Discontinued Operations) | + | Others |
= | 59.924 | + | 272.549 | + | 0 | + | 5.6843418860808E-14 |
= | 332 |
Net Income for the trailing twelve months (TTM) ended in Dec. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $499 Mil.
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
SoFi Technologies (NAS:SOFI) Net Income Explanation
Net Income is the most widely cited number in reporting a company's profitability. It is linked to the most popular earnings-per-share (EPS) number through:
SoFi Technologies's Earnings per Share (Diluted) (EPS) for the quarter that ended in Dec. 2024 is calculated as
Earnings per Share (Diluted) (Q: Dec. 2024 ) | = | (Net Income | - | Preferred Dividends) | / | Shares Outstanding (Diluted Average) |
= | (332.473 | - | 0) | / | 1170.353 | |
= | 0.28 |
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Although Net Income and Earnings-per-Share (EPS) are the most widely used parameter in measuring a company's profitability and valuation, it is the least reliable. The reason is that reported earnings can be manipulated easily by adjusting any numbers such as Depreciation, Depletion and Amotorization and non-recurring items.
EPS is most useful for companies that have:
A predictable businessThe dividend paid to preferred stocks needs to be subtracted from the total net income in the calculation of EPS because common stock holders are not entitled to that part of the net income.
Be Aware
Warren Buffett looks for consistency and upward long term trend. Because of share repurchase it is possible for net earnings trend to differ from EPS trend. He preferred Net Income over EPS. The companies with durable competitive advantage companies report higher % net earnings to total revenues.
Important: If a company is showing net earnings history greater than 20% on total revenues, it is probably benefiting from a long term competitive advantage.
If net earnings is less than 10%, likely to be in a highly competitive business.
Thank you for viewing the detailed overview of SoFi Technologies's Net Income provided by GuruFocus.com. Please click on the following links to see related term pages.
Jeremy Rishel | officer: Chief Technology Officer | 234 1ST STREET, SAN FRANCISCO CA 94105 |
Bashir Ruzwana | director | 234 1ST ST, SAN FRANCISCO CA 94105 |
Slta Iv (gp), L.l.c. | director | C/O SILVER LAKE, 2775 SAND HILL ROAD, SUITE 100, MENLO PARK CA 94025 |
Anthony Noto | director, officer: Chief Executive Officer | C/O SOFI TECHNOLOGIES, INC., 234 1ST STREET, SAN FRANCISCO CA 94105 |
Investment Authority Qatar | director | P.O. BOX 23224, DOHA S3 QATAR |
Christopher Lapointe | officer: Chief Financial Officer | 234 1ST ST, SAN FRANCISCO CA 94105 |
Webb Lauren Stafford | officer: Chief Marketing Officer | 234 1ST ST, SAN FRANCISCO CA 94105 |
Aaron Webster | officer: Chief Risk Officer | 234 1ST ST, SAN FRANCISCO CA 94105 |
Chad M Borton | officer: President - SoFi Bank | 38 FOUNTAIN SQUARE PLAZA, MD 10AT76, CINCINNATI OH 45263 |
Hele John C.r. | director | WESSEX HOUSE, 4TH FLOOR, 45 REID STREET, HAMILTON D0 HM 12 |
Robert S Lavet | officer: General Counsel and Secretary | 12061 BLUEMONT WAY, RESTON VA 20190 |
Softbank Group Corp | director, 10 percent owner | 1-7-1 KAIGAN, MINATO-KU, TOKYO M0 105-7537 |
Michelle Gill | officer: EVP & Group Business Leader | 16 FUNSTON AVENUE, SUITE A, THE PRESIDIO OF SAN FRANCISCO, SAN FRANCISCO CA 94129 |
Harvey M Schwartz | director | C/O GOLDMAN SACHS & CO. LLC, 200 WEST STREET, NEW YORK NY 10282 |
Micah Heavener | officer: Head of Operations | 234 1ST ST, SAN FRANCISCO CA 94105 |
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