Name | Value |
---|---|
Revenues | 456.7M |
Cost of Revenue | 0.0M |
Gross Profit | 456.7M |
Operating Expense | 400.1M |
Operating I/L | 59.9M |
Other Income/Expense | -98.8M |
Interest Income | 307.4M |
Pretax | -38.9M |
Income Tax Expense | 1.1M |
Net Income/Loss | -40.0M |
SoFi Technologies, Inc. operates an online platform offering a range of financial services including student loan refinancing, private student loans, personal loans, auto loan refinance, home loans, mortgage loans, and investments, as well as insurance products for renters, homeowners, and automobiles. The company generates revenue through interest and fees on the various financial products and services it provides, as well as through investment management fees. By leveraging its online platform, SoFi is able to reach a broad customer base and streamline the process of accessing and managing financial products, contributing to its revenue streams.