SoFi Technologies, Inc. (SOFI)
被高估基本面
44
价格
$15.79
市值
$21.70B
第一部分 · 这家公司值多少
概览
SoFi is a digital financial-services company built around a single mobile app and no physical branches. It began by refinancing student loans for graduates of selective colleges and has since added personal loans, mortgages, a checking and savings account, brokerage, and credit cards. Since 2022 it has held a national bank charter, letting it fund loans with customer deposits instead of only external capital. A separate unit, born from acquiring Galileo and Technisys, sells the banking software that runs SoFi's own accounts to other financial companies.
盈利方式
SoFi earns from three different mechanisms at once. Lending revenue comes from interest on loans held on the balance sheet and from gain-on-sale when loans are packaged and sold to investors, so it moves with interest rates and loan volume. Financial Services revenue comes from fees on deposits, cards, and brokerage activity across its own members. Technology Platform revenue is a business-to-business software fee, charged per account to banks and fintechs that run on SoFi's infrastructure rather than build their own.
分部营收
Personal loans, student loan refinancing and mortgages, originated digitally and either held for interest income or sold to investors for a gain.
SoFi Checking and Savings, Invest, credit cards and other consumer products cross-sold to the same member base that started with a loan.
Banking-as-a-service infrastructure, built from the Galileo and Technisys acquisitions, sold to other banks and fintechs that need account and card processing.
护城河
转换成本 · 狭窄SoFi cross-sells lending, banking, and investing to the same member inside one app, and a member who moves a paycheck's direct deposit there gains fee waivers and rate discounts that make leaving mildly costly. But digital banking has many capable rivals, deposit rates are easy to compare, and nothing stops a member from banking elsewhere for a better rate.
需求驱动因素
周期性Lending is still SoFi's largest segment, and loan demand and credit performance move with interest rates and the broader economy: refinancing slows when rates rise, and defaults climb in a downturn. The bank charter smooths funding costs but does not remove the underlying sensitivity of a lending business to the credit cycle.
主要风险
- Interest rate and credit cycle exposure — Rising rates reduce demand for refinancing and new loans, while a weakening economy raises defaults on the loans SoFi still holds on its own balance sheet.
- Extensive financial regulation — As a bank holding company, SoFi answers to federal and state banking, consumer-protection and securities regulators at once, and a change in any of their rules can raise costs or restrict a product line.
- Dependence on selling loans to investors — A meaningful share of lending revenue comes from packaging and selling loans to outside investors; if that market cools, SoFi must either hold more loans itself or shrink originations.
- Crowded digital banking market — Neobanks, traditional banks and fintech apps all compete for the same deposits and loans, and low switching costs mean SoFi must keep winning members on price and features.
看多理由
Buyers argue that a bank charter lets SoFi fund loans more cheaply than pure fintech rivals, that cross-selling three product lines to the same member lifts revenue per user over time, and that Technology Platform gives it a second, less cyclical business selling infrastructure to other financial firms.
看空理由
Sellers fear that SoFi is still fundamentally a lender whose fortunes rise and fall with interest rates and consumer credit quality, that Financial Services and Technology Platform growth rates will cool as the member base matures, and that competition from banks and other fintechs keeps pricing power limited.
Written by the editors, published on 2026年8月18日
Direct competitors
Who this company fights with for the same customers
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资产负债表与流动性
营收
$4.31B
最近12个月(截至2026/6/30)
净利润
$636M
最近12个月(截至2026/6/30)
自由现金流
$-3.98B
股东权益合计
$10.49B
负债合计
$40.17B
流动比率
-
利息覆盖率
0.27
债务/EBITDA
-
每股收益
营收与净利润
自由现金流
收入构成
历史财务表
利润率变化
债务变化
增长一览表
增长 — 营业收入
公允价值估算
公允价值
$9.84
当前价格
$15.79
安全边际
-60.5%
公允价值区间
$6.40 - $13.28
所用估值方法之间的离散区间,并非经过统计校准的置信区间。
估算方法
估值指标
市盈率(P/E)
32.08
ROE
4.6%
市净率(P/B)
1.83
P/FCF
-
毛利率
83.9%
ROIC
-
盈利能力雷达图
价值创造(经济护城河)
ROIC
-
WACC
16.9%
ROIC − WACC
-
基本面分析标准
通过(8)
- EPS shows upward trend
- Gross Margin 83.9%
- P/B Ratio 1.83
- Debt/Equity ratio
- Operating Margin 17.1%
- Low reliance on intangibles
- Earnings Surprise avg 12.0%
- Share Dilution -3.5%
未通过(11)
- Price CAGR 0.92%
- Positive Free Cash Flow
- Interest Coverage
- Return on Tangible Assets
- Price below Graham Number
- DCF valuation (Unknown)
- ROE 6.2%
- Analyst Consensus 45% Buy
- Earnings Quality (OCF/NI) -13.36
- Net Margin Trend 14.8% vs 18.4%
- Piotroski F-Score 4/9
不可用(8)
- ROIC NaN%
- P/FCF NaN
- Dividend Payout NaN%
- CapEx intensity
- Current Ratio
- Debt/EBITDA
- Revenue Growth 5Y (Finnhub)
- PEG Ratio (need PE > 0 and growth > 0)
Piotroski F-评分
信号混杂:部分领域需关注
盈利质量
低质量:需深入审查会计处理
股权稀释
正在回购股份,对股东友好
机构持股
公司治理
管理团队
| 姓名 | 职位 | 年龄 |
|---|---|---|
| Mr. George Thompson Hutton | Independent Non Executive Chairman | 69 |
| Mr. Anthony J. Noto | CEO & Director | 56 |
| Mr. Christopher Lapointe | Chief Financial Officer | 41 |
| Mr. Jeremy Rishel | Chief Technology Officer | 52 |
| Dr. Kelli A. Keough | Executive VP and Group Business Unit Leader for Spend, Invest, Protect & Save | 55 |
| Mr. Arun Pinto | Chief Risk Officer | 46 |
| Mr. Tom Karinshak | EVP & Head of Global Operations | - |
| Mr. Robert Steven Lavet J.D. | General Counsel | 76 |
| Ms. Lauren Stafford Webb | Chief Marketing Officer | 39 |
| Mr. William F. Tanona C.F.A. | Senior Vice President of Corporate Development & Strategic Partnerships | 52 |
审计风险
5
董事会风险
6
薪酬风险
4
股东权利风险
7
第二部分 · 价格与买入时机
这一部分不判断公司是否值得拥有:它帮助你在基本面说服你之后,选择何时买入。包含:技术分析、潜力、历史回撤、Gamma 敞口。
损益历史
via SEC EDGAR
Latest News
Recent headlines for SOFI, sourced from Markets Gazette.
- 7d agoPOSITIVESoFi tie-up shows stablecoins can provide alternative blockchain settlement rail
SoFi Technologies is enhancing its payment infrastructure by migrating its entire card program to a blockchain-based settlement system utilizing its proprietary SoFiUSD stablecoin. This strategic move is projected to handle over $25 billion in annualized transaction volume. The adoption of blockchain technology for settlement aims to streamline operations, reduce costs, and potentially offer faster transaction processing. For investors, this initiative highlights SoFi's commitment to innovation in financial technology and its ability to leverage digital assets for core business functions, potentially improving efficiency and competitiveness.
- 9d agoPOSITIVESoFi ottiene un traguardo mai raggiunto da altre banche nazionali USA
SoFi Technologies Inc. has achieved a significant milestone, becoming the first U.S. national bank to enable real-time settlement via stablecoins across Mastercard's global payment network. This integration allows SoFi to process its $25 billion card program using its own stablecoin, SoFiUSD, bypassing traditional settlement delays. While the stock remains approximately 40% below its year-to-date high, this technological advancement in digital payments infrastructure positions SoFi as an innovator in the fintech banking sector. Investors may view this as a positive step towards enhanced efficiency and potential new revenue streams.
- 7/30/2026NEGATIVEWhy SoFi’s stock drops, even after its earnings beat expectations
SoFi Technologies Inc. experienced a stock price decline despite beating earnings expectations, as investors reacted negatively to the neobank's cautious future guidance. While the company reported better-than-expected financial results for the period, the outlook provided for the upcoming quarters fell short of market consensus. This discrepancy between current performance and future projections has led to a sell-off, indicating that forward-looking statements are heavily influencing investor sentiment and valuation for the fintech firm.
- 7/29/2026NEGATIVEWhy SoFi’s stock is dropping, even after its earnings beat expectations
SoFi Technologies Inc. saw its stock price decline despite reporting earnings that surpassed analyst expectations. The disappointment stems from the neobank's cautious forward-looking guidance, which failed to inspire investor confidence for future growth. While the company delivered a strong current quarter, the subdued outlook suggests potential headwinds or a more conservative growth trajectory ahead. Investors are likely recalibrating their expectations based on this tempered forecast, leading to the sell-off.
- 6/18/2026POSITIVESoFi Stock Is Rising Thursday: What's Driving The Move?
SoFi Technologies Inc. stock saw a notable increase on Thursday, fueled by significant insider buying activity from CEO Anthony Noto. This strategic investment by the company's leader signals strong conviction in SoFi's future prospects. The positive momentum is further amplified by a broader 'risk-on' sentiment in the technology sector, suggesting a favorable environment for growth-oriented companies. Investors are likely interpreting Noto's actions as a vote of confidence, potentially leading to increased institutional interest and upward price pressure.
- 6/16/2026POSITIVESoFi Stock Is Climbing Despite A Broader Tech Selloff: What's Going On?
SoFi Technologies Inc. is experiencing a notable stock price increase, defying a broader downturn in the technology sector. This upward momentum is largely attributed to investor enthusiasm surrounding the company's recent foray into the cryptocurrency space with the launch of its SoFiUSD stablecoin. The crypto-adjacent narrative appears to be resonating with traders, driving demand for SoFi's stock despite prevailing market headwinds. This suggests a positive market perception of SoFi's diversification strategy and its potential to capitalize on emerging digital asset trends.
- 6/12/2026NEUTRALSoFi Stock Pauses Friday: What's Going On?
SoFi Technologies shares experienced a slight dip on Friday, with traders evaluating the recent launch of its SoFiUSD stablecoin. The move occurs within a broader 'risk-on' market environment, suggesting that while the stablecoin rollout is a notable development for the fintech company, its immediate impact on the stock price is being absorbed amidst prevailing market sentiment. Investors are likely assessing the long-term implications of the stablecoin for SoFi's revenue streams and competitive positioning in the digital asset space.
- 5/29/2026POSITIVESoFi Shares Surge On Stablecoin Rollout: What Investors Need To Know
SoFi Technologies Inc. shares experienced a pre-market surge on Friday following the announcement of its new US dollar stablecoin feature. This strategic move integrates cryptocurrency-adjacent services into the company's existing financial platform, potentially attracting a new segment of users and diversifying revenue streams. The stablecoin's rollout is expected to enhance SoFi's competitive positioning in the fintech landscape, offering investors a glimpse into the company's innovative growth strategy and its ability to adapt to evolving market trends.
- 5/27/2026POSITIVEFalcon Finance, SoFi unveil stablecoin products tied to banking infrastructure
SoFi Technologies Inc. has launched its new stablecoin product, SoFiUSD, aimed at consumer banking users via its mobile application. This move integrates digital assets directly into its existing banking infrastructure, potentially attracting new customers and increasing engagement within its ecosystem. The stablecoin's tie to banking infrastructure suggests a focus on stability and regulatory compliance, which could appeal to a broader user base. For investors, this represents an expansion of SoFi's product offerings and a strategic step into the growing digital currency market, leveraging its established financial services platform.
via Markets Gazette