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SoFi Technologies cash flow, quarter by quarter

Latest: Q3 2026 · from the cash-flow statements filed with the SEC

Free cash flow−$3.0B in Q3 2026 · −$10.2B over twelve months

Operating cash flow−$3.0B
Free cash flow−$3.0B
Cash / net income-12.5×

Analysis

In Q3 2026, SoFi Technologies generated −$3.0B of operating cash flow. That is $1.6B less than in Q3 2025 (−$1.4B).

Over the twelve months to Sep 30, 2026, operating cash flow was −$10.2B; the largest uses were other investing ($10.3B), operating cash flow ($10.2B), acquisitions ($65.0M); besides operations, cash came from other financing ($17.8B), shares issued ($1.6B); the cash balance fell by $148M.

Operating cash flow was −$3.0B against net income of $241M — -12.5× profit, less cash than reported earnings, worth checking against working capital. The largest differences: other liabilities +$208M, prepaid and other assets +$114M, depreciation & amortization +$81.3M.

Free cash flow

SoFi Technologies: free cash flow by quarterSoFi Technologies: free cash flow by quarter−$242MQ4 2024−$31.1MQ1 2025−$1.5BQ2 2025−$1.4BQ3 2025−$1.1BQ4 2025−$2.4BQ1 2026−$4.0BQ2 2026−$3.0BQ3 2026
Operating cash flow less capital spending.
SoFi Technologies: operating cash flow against capital spendingSoFi Technologies: operating cash flow against capital spendingOperating cash flowCapital spending−$200M$42.3MQ4 2024$21.5M$52.6MQ1 2025−$1.5B$63.5MQ2 2025−$1.3B$60.0MQ3 2025−$991M$66.4MQ4 2025−$2.3B$67.6MQ1 2026−$3.9B$96.6MQ2 2026−$3.0B$0Q3 2026
Latest (Q3 2026): Operating cash flow −$3.0B, Capital spending $0.

Capital allocation, year by year

SoFi Technologies: where the cash came from (up) and went (down), by fiscal yearSoFi Technologies: where the cash came from (up) and went (down), by fiscal yearOperating cash flowNet borrowingShares issuedCapital spendingAcquisitionsBuybacksFY2021: Operating cash flow −$1.4BFY2021: Net borrowing −$2.1BFY2021: Shares issued $25.2MFY2021: Capital spending −$52.3MFY2021: Buybacks −$526K$25.2MFY2021FY2022: Operating cash flow −$7.3BFY2022: Net borrowing $2.8BFY2022: Shares issued $2.6MFY2022: Capital spending −$93.2MFY2022: Acquisitions $58.5M$2.9BFY2022FY2023: Operating cash flow −$7.2BFY2023: Net borrowing $180MFY2023: Shares issued $1.1MFY2023: Capital spending −$111MFY2023: Acquisitions −$72.3M$181MFY2023FY2024: Operating cash flow −$1.1BFY2024: Net borrowing −$2.0BFY2024: Shares issued $21.4MFY2024: Capital spending −$154M$21.4MFY2024FY2025: Operating cash flow −$3.7BFY2025: Net borrowing −$1.3BFY2025: Shares issued $3.2BFY2025: Capital spending −$242M$3.2BFY2025
Over these 5 years operating cash flow totalled −$20.7B; the largest uses were operating cash flow ($20.7B) and net borrowing ($5.3B). Cash-flow statements as filed.

Cash runway and the debt wall

Cash & investments$2.8B
Debtnone
Net cash$2.8B
Cash runway3 months

SoFi Technologies is burning cash: its operations consume cash, a free cash flow of −$10.2B a year at the current rate against $2.8B of cash and investments: a runway of about 3 months before any new financing.

Where the cash came from and went

SoFi Technologies: sources (+) and uses (−) of cash, Q3 2026SoFi Technologies: sources (+) and uses (−) of cash, Q3 2026Other financing$5.6BOther investing−$3.1BOperating cash flow−$3.0BNet borrowing (+) / repaid (−)$565MCash drawn (+) / kept (−)−$33.2MTaxes on employees’ shares−$4.3MShares issued$290KExchange rates−$256KAcquisitions−$143K
SoFi Technologies: sources (+) and uses (−) of cash, TTM to Q3 2026SoFi Technologies: sources (+) and uses (−) of cash, TTM to Q3 2026Other financing$17.8BOther investing−$10.3BOperating cash flow−$10.2BShares issued$1.6BNet borrowing (+) / repaid (−)$1.2BCash drawn (+) / kept (−)$148MAcquisitions−$65.0MTaxes on employees’ shares−$59.4MExchange rates−$257K

From profit to cash

SoFi Technologies: net income to operating cash flow, Q3 2026SoFi Technologies: net income to operating cash flow, Q3 2026Net income$241MDepreciation & amortization$81.3MStock-based pay$70.9MDeferred taxes$58.0MOther non-cash$2.5MPrepaid and other assets$114MOther liabilities$208MOperating cash flow−$3.0B
Non-cash charges are added back; money tied up in receivables or inventory is subtracted.

Every quarter

QuarterOperating cash flowCapital spendingAcquisitionsNet borrowing (+) / repaid (−)Shares issuedCash drawn (+) / kept (−)Free cash flow
Q3 2026−$3.0B—−$143K$565M$290K−$33.2M−$3.0B
Q2 2026−$3.9B−$96.6M—$1.5B$231K$196M−$4.0B
Q1 2026−$2.3B−$67.6M—−$202K$89.8M$1.6B−$2.4B
Q4 2025−$991M−$66.4M—−$898M$1.5B−$1.6B−$1.1B
Q3 2025−$1.3B−$60.0M—−$1.2B$1.7B−$1.0B−$1.4B
Q2 2025−$1.5B−$63.5M—$899M$600K$1.5M−$1.5B
Q1 2025$21.5M−$52.6M—−$31.1M$195K−$6.8M−$31.1M
Q4 2024−$200M−$42.3M—−$75.9M$20.6M$260M−$242M

SoFi Technologies: income statement and cash flow

SoFi Technologies, Q3 2026: revenue $1.4B (+44% year over year), operating margin 22.9%. The chart follows the revenue to costs, profit and cash.

SoFi Technologies: every quarter, Q/Q and Y/Y → Open in the app

Read automatically from the company’s XBRL cash-flow statements; quarterly figures for the fourth quarter are the year less the first three. Errors are possible. Not investment advice.