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SOFI (SoFi Technologies) Scaled Net Operating Assets : 0.16 (As of Dec. 2024)


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What is SoFi Technologies Scaled Net Operating Assets?

Scaled Net Operating Assets (SNOA) is calculated as the difference between operating assets and operating liabilities, scaled by lagged total assets.

SoFi Technologies's operating assets for the quarter that ended in Dec. 2024 was $31,909 Mil. SoFi Technologies's operating liabilities for the quarter that ended in Dec. 2024 was $26,522 Mil. SoFi Technologies's Total Assets for the quarter that ended in Sep. 2024 was $34,380 Mil. Therefore, SoFi Technologies's scaled net operating assets (SNOA) for the quarter that ended in Dec. 2024 was 0.16.

SoFi Technologies Scaled Net Operating Assets Calculation

Scaled Net Operating Assets (SNOA) is calculated as the difference between operating assets and operating liabilities, scaled by lagged total assets.

SoFi Technologies's Scaled Net Operating Assets (SNOA) for the fiscal year that ended in Dec. 2024 is calculated as

Scaled Net Operating Assets (SNOA)(A: Dec. 2024 )
=(Operating Assets (A: Dec. 2024 )-Operating Liabilities (A: Dec. 2024 ))/Total Assets (A: Dec. 2023 )
=(33712.658-26521.607)/30074.858
=0.24

where

Operating Assets(A: Dec. 2024 )
=Total Assets - Balance Sheet Cash And Cash Equivalents
=36250.951 - 2538.293
=33712.658

Operating Liabilities(A: Dec. 2024 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=29725.817 - 2718.21 - 486
=26521.607

SoFi Technologies's Scaled Net Operating Assets (SNOA) for the quarter that ended in Dec. 2024 is calculated as

Scaled Net Operating Assets (SNOA)(Q: Dec. 2024 )
=(Operating Assets (Q: Dec. 2024 )-Operating Liabilities (Q: Dec. 2024 ))/Total Assets (Q: Sep. 2024 )
=(31908.615-26521.607)/34380.176
=0.16

where

Operating Assets(Q: Dec. 2024 )
=Total Assets - Balance Sheet Cash And Cash Equivalents
=36250.951 - 4342.336
=31908.615

Operating Liabilities(Q: Dec. 2024 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=29725.817 - 2718.21 - 486
=26521.607

* 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.

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SoFi Technologies Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Financial Services » Credit Services » SoFi Technologies Inc (NAS:SOFI) » Definitions » Scaled Net Operating Assets
Comparable Companies
ALLY SYF UPST QFIN OMF SLM CACC FCFS NNI WU V MA AXP COF PYPL BOM:500034 DFS BOM:543257 BOM:532810 NSE:CHOLAFIN
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 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
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