0001818874-26-000013
SEC filingSoFi 2025年营收增长35%至$3.6B，但净利微降3%，盈利质量待观察。
| 指标 | 本期 | 去年同期 | 同比 |
|---|---|---|---|
| Revenue | $3.6B | $2.7B | +35% |
| Net Income | $481.3M | $498.7M | -3% |
| Diluted EPS | $0.39 | $0.39 | 0% |
| Net Interest Margin | 5.85% | 5.80% | +5bps |
SoFi 2025年营收增长35%至$3.6B，主要受Loan Platform Business和Financial Services segment驱动。Fee-based revenue达$1.5B，同比大增59%，其中Loan Platform fees增长307%至$575.9M。然而，净利微降3%至$481.3M，主要因2024年释放$258.4M递延税资产估值备抵导致的高基数。剔除该一次性影响，2025年盈利能力显著提升。
| 分部 | 营收 | 同比 | 经营利润/EBITDA | 利润率 | 驱动 |
|---|---|---|---|---|---|
| Lending | $1.85B | +24% | $1.02B | 55% | 净利息收入增长33% |
| Technology Platform | $450.2M | +14% | $144.4M | 32% | 营收增长14% |
| Financial Services | $1.54B | +88% | $792.9M | 51% | Loan Platform Business和Interchange收入大幅增长 |
| 项目 | 本期 | 上期/变化 |
|---|---|---|
| Cash & ST investments | $5.36B | +98% |
| Total Debt | $1.82B | -41% |
| Total Deposits | $37.5B | +44% |
| Operating Cash Flow | -$3.74B | 恶化 |
| Capex | $242.4M | +57% |