Filing Flows › SoFi Technologies (SOFI) › Q1 2025
SoFi Technologies (SOFI) Q1 2025 earnings results (first quarter 2025)
10-Q filed May 6, 2025
SoFi Technologies (SOFI) reported revenue of $772M for the first quarter 2025 (Q1 2025), +20% from a year earlier and +5% from the quarter before. Operating margin was 10.3%, net earnings $71.1M (9.2% of revenue).
SoFi Technologies, Q1 2025: revenue $772M (+20% year over year), operating margin 10.3%, net earnings $71.1M, operating cash flow $21.5M. The chart follows the revenue to costs, profit and cash.
| Q1 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $772M | +5% | +20% |
| Operating profit | $79.8M | +33% | -15% |
| Net earnings | $71.1M | -79% | -19% |
| Operating cash flow | $21.5M | — | -97% |
What changed
Revenue was $771.8M in Q1 2025, up 20% year over year and up 5% from the previous quarter.
Operating profit was $79.8M, a 10.3% margin (down 4.3 points year over year). Operating profit fell $14.4M even though revenue rose $126.8M versus a year earlier, so costs grew faster than sales. Total costs grew 26% against revenue growth of 20%. The fastest-growing cost line was Sales & marketing (+42%). Net earnings were $71.1M, down 19% year over year. The effective tax rate was 10.9%.
Operating cash flow was $21.5M (down 97% year over year), 30% of net earnings. Non-cash charges added back $55.3M of depreciation and amortization and $63.8M of share-based compensation. Working capital and other items used $168.7M. Capital expenditures of $52.6M exceeded it, leaving free cash flow of −$31.1M.
Questions
What was SoFi Technologies' revenue in the first quarter 2025?
SoFi Technologies (SOFI) reported revenue of $772M for the first quarter 2025 (Q1 2025), +20% from a year earlier and +5% from the quarter before.
Was SoFi Technologies profitable in the first quarter 2025?
Operating profit was $79.8M (10.3% of revenue) and net earnings $71.1M.
Source: SoFi Technologies 10-Q on SEC EDGAR.