SoFi Technologies (NAS:SOFI) Net Margin %

: -8.76% (As of Dec. 2022)

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Net margin is calculated as Net Income divided by its Revenue. SoFi Technologies's Net Income for the three months ended in Dec. 2022 was $-40 Mil. SoFi Technologies's Revenue for the three months ended in Dec. 2022 was $457 Mil. Therefore, SoFi Technologies's net margin for the quarter that ended in Dec. 2022 was -8.76%.

The historical rank and industry rank for SoFi Technologies's Net Margin % or its related term are showing as below:

SOFI' s Net Margin % Range Over the Past 10 Years
Min: -93.69 Med: -49.14 Max: -20.36
Current: -20.36

SOFI's Net Margin % is ranked worse than
82.58% of 534 companies
in the Credit Services industry
Industry Median: 17.46 vs SOFI: -20.36

SoFi Technologies Net Margin % Historical Data

The historical data trend for SoFi Technologies's Net Margin % 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.

* Premium members only.

SoFi Technologies Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Net Margin %

-93.69

-54.15

-39.62

-49.14

-20.36

SoFi Technologies Quarterly Data
	Dec18	Dec19	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22
Net Margin %									-38.87	-33.41	-26.44	-17.50	-8.76

Competitive Comparison

For the Credit Services subindustry, SoFi Technologies's Net Margin %, along with its competitors' market caps and Net Margin % data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Annual Data Quarterly Data

SoFi Technologies Net Margin % Distribution

For the Credit Services industry and Financial Services sector, SoFi Technologies's Net Margin % distribution charts can be found below:

* The bar in red indicates where SoFi Technologies's Net Margin % falls in comparison to its industry or sector. The grey bar indicates the Net Margin %'s extreme value range as defined by GuruFocus.

SoFi Technologies Net Margin % Calculation

Net margin - also known as net profit margin is the ratio of Net Income divided by net sales or Revenue, usually presented in percent.

SoFi Technologies's Net Margin for the fiscal year that ended in Dec. 2022 is calculated as

Net Margin	=	Net Income (A: Dec. 2022 )	/	Revenue (A: Dec. 2022 )
	=	-320.407	/	1573.535
	=	-20.36 %

SoFi Technologies's Net Margin for the quarter that ended in Dec. 2022 is calculated as

Net Margin	=	Net Income (Q: Dec. 2022 )	/	Revenue (Q: Dec. 2022 )
	=	-40.006	/	456.679
	=	-8.76 %

SoFi Technologies (NAS:SOFI) Net Margin % Explanation

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.

But the long term trend of the net margin is a good indicator of the competitiveness and health of the business.

SoFi Technologies Net Margin % Related Terms

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SoFi Technologies (NAS:SOFI) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Credit Services » SoFi Technologies Inc (NAS:SOFI) » Definitions » Net Margin %

Comparable Companies

Traded in Other Exchanges

SOFI:Mexico 6B0:Germany

Address

234 1st Street, San Francisco, CA, USA, 94105

Website

https://www.sofi.com

SoFi is a financial services company that was founded in 2011 and is currently based in San Francisco. Initially known for its student loan refinancing business, the company has expanded its product offerings to include personal loans, credit cards, mortgages, investment accounts, banking services, and financial planning. The company intends to be a one-stop shop for its clients' finances and operates solely through its mobile app and website. Through its acquisition of Galileo in 2020 the company also offers payment and account services for debit cards and digital banking.

Executives

Jeremy Rishel	officer: Chief Technology Officer	234 1ST STREET, SAN FRANCISCO CA 94105
Chad M Borton	officer: President - SoFi Bank	38 FOUNTAIN SQUARE PLAZA, MD 10AT76, CINCINNATI OH 45263
Bashir Ruzwana	director	234 1ST ST, SAN FRANCISCO CA 94105
Derek J White	officer: CEO of Galileo	800 NICOLLET MALL, MINNEAPOLIS MN 55402
Delaware Project 10 L.l.c.	director, 10 percent owner	1 CIRCLE STAR WAY, 4TH FLOOR, SAN CARLOS CA 94070
Michelle Gill	officer: EVP & Group Business Leader	16 FUNSTON AVENUE, SUITE A, THE PRESIDIO OF SAN FRANCISCO, SAN FRANCISCO CA 94129
Michel Combes	director	101 WEST 24TH STREET, NEW YORK NY 10011
Silver Lake Technology Investors Iv (delaware Ii), L.p.	director	C/O SILVER LAKE, 2776 SAND HILL ROAD, SUITE 100, MENLO PARK CA 94025
Maria Renz	officer: EVP & Group Business Leader	C/O DOORDASH, INC., 303 2ND STREET, SOUTH TOWER, 8TH FLOOR, SAN FRANCISCO CA 94107
Carneiro De Medeiros Carlos Henrique	director	C/O 1 CIRCLE STAR WAY, 4TH FLOOR, SAN CARLOS CA 94070
Aaron Webster	officer: Chief Risk Officer	234 1ST ST, SAN FRANCISCO CA 94105
Micah Heavener	officer: Head of Operations	234 1ST ST, SAN FRANCISCO CA 94105
Clara Liang	director	234 1ST ST, SAN FRANCISCO CA 94015
Jennifer Nuckles	officer: EVP and Group Business Leader	234 1ST ST, SAN FRANCISCO CA 94105
Assaf Ronen	officer: Chief Product Officer	234 1ST ST, SAN FRANCISCO CA 94105