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Permanent Equity
 6 Months Ended
Jun. 30, 2022
Equity [Abstract]  
Permanent Equity Permanent Equity
On June 1, 2021, the Company’s common stock began trading on the Nasdaq Global Select Market under the ticker symbol “SOFI”. Pursuant to SoFi Technologies’ Certificate of Incorporation, the Company is authorized to issue 3,000,000,000 shares of common stock, with a par value of $0.0001 per share, and 100,000,000 shares of non-voting common stock, with a par value of $0.0001 per share. As of June 30, 2022, the Company had 922,103,100 shares of common stock and no shares of non-voting common stock issued and outstanding.
The Company reserved the following common stock for future issuance as of the dates indicated:
June 30,December 31,
20222021
Outstanding stock options, RSUs and performance stock units (“PSUs”)
102,173,952 92,829,067 
Outstanding common stock warrants12,170,990 12,170,990 
Conversion of convertible notes(1)
53,538,000 53,538,000 
Possible future issuance under stock plans
15,550,144 32,470,481 
Potentially issuable contingent common stock(2)
598,068 — 
Total common stock reserved for future issuance
184,031,154 191,008,538 
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(1)Represents the number of common stock issuable upon conversion of all convertible notes at the conversion rate in effect at the balance sheet date.
(2)As of June 30, 2022, includes potentially issuable contingent common stock in connection with the Technisys Merger, which determination is pending final agreement regarding a closing net working capital calculation specified in the merger agreement. See Note 2 for additional information.
Dividends
There were no dividends declared or paid to common stockholders during the six months ended June 30, 2022 and 2021.
Accumulated Other Comprehensive Income (Loss)
AOCI primarily consists of accumulated net unrealized gains or losses associated with our investments in AFS debt securities, which commenced during the third quarter of 2021, and foreign currency translation adjustments.
The following table presents the rollforward of AOCI, inclusive of the changes in the components of other comprehensive loss for the periods indicated:
AFS Debt SecuritiesForeign Currency Translation AdjustmentsTotal
Three Months Ended June 30, 2022
AOCI, beginning balance$(5,806)$(158)$(5,964)
Other comprehensive loss before reclassifications(1)
(2,115)(56)(2,171)
Amounts reclassified from AOCI into earnings124 — 124 
Net current-period other comprehensive loss(2)
(1,991)(56)(2,047)
AOCI, ending balance$(7,797)$(214)$(8,011)
Three Months Ended June 30, 2021
AOCI, beginning balance$— $(246)$(246)
Other comprehensive loss before reclassifications(1)
— (266)(266)
Net current-period other comprehensive loss(2)
— (266)(266)
AOCI, ending balance$— $(512)$(512)
Six Months Ended June 30, 2022
AOCI, beginning balance$(1,351)$(120)$(1,471)
Other comprehensive loss before reclassifications(1)
(6,731)(94)(6,825)
Amounts reclassified from AOCI into earnings285 — 285 
Net current-period other comprehensive loss(2)
(6,446)(94)(6,540)
AOCI, ending balance$(7,797)$(214)$(8,011)
Six Months Ended June 30, 2021
AOCI, beginning balance$— $(166)$(166)
Other comprehensive loss before reclassifications(1)
— (346)(346)
Net current-period other comprehensive loss(2)
— (346)(346)
AOCI, ending balance$— $(512)$(512)
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(1)Gross realized gains and losses from sales of our investments in AFS debt securities that were reclassified from AOCI to earnings are recorded within noninterest income—other in the unaudited condensed consolidated statements of operations and comprehensive income (loss). We did not have investments in AFS debt securities during the six months ended June 30, 2021. Additionally, there were no reclassifications related to foreign currency translation adjustments during the six months ended June 30, 2022 and 2021.
(2)There were no tax impacts during any of the periods presented due to reserves against deferred tax assets in jurisdictions where other comprehensive loss activity was generated.
For gross amounts of realized gains and losses on our investments in AFS debt securities, see Note 3. Interest income associated with our investments in AFS debt securities is recognized within interest income—other in the unaudited condensed consolidated statements of operations and comprehensive income (loss).