XML 91 R69.htm IDEA: XBRL DOCUMENT v3.23.1

Fair Value Measurements - Schedule of Assets and Liabilities Measured on Recurring Basis (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2023	Dec. 31, 2022
Assets
Investments in AFS debt securities	$ 174,836	$ 195,438
Servicing rights	146,514	149,854
Digital assets safeguarding asset	167,954	106,826
Liabilities
Residual interests classified as debt	15,565	17,048
Digital assets safeguarding liability	167,954	106,826
Unpaid principal related to debt measured at fair value	82,647	98,868
Losses from changes in fair value in debt	944
Fair Value
Assets
Total assets	3,359,902	2,203,728
Liabilities
Debt	5,721,605	5,045,816
Total liabilities	15,809,111	12,385,976
Fair Value | Fair Value, Recurring
Assets
Investments in AFS debt securities	174,836	195,438
Loans at fair value	15,858,105	13,557,074
Servicing rights	146,514	149,854
Digital assets safeguarding asset	167,954	106,826
Total assets	16,544,938	14,245,213
Liabilities
Debt	74,675	89,142
Digital assets safeguarding liability	167,954	106,826
Total liabilities	269,043	222,583
Fair Value | Asset-backed bonds | Fair Value, Recurring
Assets
Asset-backed bonds and residual investments	142,272	155,093
Fair Value | Residual investments | Fair Value, Recurring
Assets
Asset-backed bonds and residual investments	42,960	46,238
Fair Value | Third-party warrants | Fair Value, Recurring
Assets
Derivative assets	630	630
Fair Value | Derivative assets | Fair Value, Recurring
Assets
Derivative assets	3,474	24,612
Fair Value | Purchase price earn out | Fair Value, Recurring
Assets
Derivative assets	0	54
Fair Value | IRLCs | Fair Value, Recurring
Assets
Derivative assets	634	216
Fair Value | Student loan commitments | Fair Value, Recurring
Assets
Student loan commitments	75	0
Liabilities
Student loan commitments	0	236
Fair Value | Interest rate caps | Fair Value, Recurring
Assets
Derivative assets	7,484	9,178
Fair Value | Residual interests classified as debt | Fair Value, Recurring
Liabilities
Residual interests classified as debt	15,565	17,048
Fair Value | Derivative liabilities | Fair Value, Recurring
Liabilities
Derivative liabilities	10,849	9,331
Level 1
Assets
Total assets	2,977,514	1,846,302
Liabilities
Debt	847,511	826,242
Total liabilities	847,511	826,242
Level 1 | Fair Value, Recurring
Assets
Investments in AFS debt securities	119,086	137,032
Loans at fair value	0	0
Servicing rights	0	0
Digital assets safeguarding asset	0	0
Total assets	119,086	137,032
Liabilities
Debt	0	0
Digital assets safeguarding liability	0	0
Total liabilities	0	0
Level 1 | Asset-backed bonds | Fair Value, Recurring
Assets
Asset-backed bonds and residual investments	0	0
Level 1 | Residual investments | Fair Value, Recurring
Assets
Asset-backed bonds and residual investments	0	0
Level 1 | Third-party warrants | Fair Value, Recurring
Assets
Derivative assets	0	0
Level 1 | Derivative assets | Fair Value, Recurring
Assets
Derivative assets	0	0
Level 1 | Purchase price earn out | Fair Value, Recurring
Assets
Derivative assets	0	0
Level 1 | IRLCs | Fair Value, Recurring
Assets
Derivative assets	0	0
Level 1 | Student loan commitments | Fair Value, Recurring
Assets
Student loan commitments	0	0
Liabilities
Student loan commitments	0	0
Level 1 | Interest rate caps | Fair Value, Recurring
Assets
Derivative assets	0	0
Level 1 | Residual interests classified as debt | Fair Value, Recurring
Liabilities
Residual interests classified as debt	0	0
Level 1 | Derivative liabilities | Fair Value, Recurring
Liabilities
Derivative liabilities	0	0
Level 2
Assets
Total assets	33,503	28,651
Liabilities
Debt	4,874,094	4,219,574
Total liabilities	14,961,600	11,559,734
Level 2 | Fair Value, Recurring
Assets
Investments in AFS debt securities	55,750	58,406
Loans at fair value	0	0
Servicing rights	0	0
Digital assets safeguarding asset	167,954	106,826
Total assets	376,934	354,115
Liabilities
Debt	74,675	89,142
Digital assets safeguarding liability	167,954	106,826
Total liabilities	253,478	205,299
Level 2 | Asset-backed bonds | Fair Value, Recurring
Assets
Asset-backed bonds and residual investments	142,272	155,093
Level 2 | Residual investments | Fair Value, Recurring
Assets
Asset-backed bonds and residual investments	0	0
Level 2 | Third-party warrants | Fair Value, Recurring
Assets
Derivative assets	0	0
Level 2 | Derivative assets | Fair Value, Recurring
Assets
Derivative assets	3,474	24,612
Level 2 | Purchase price earn out | Fair Value, Recurring
Assets
Derivative assets	0	0
Level 2 | IRLCs | Fair Value, Recurring
Assets
Derivative assets	0	0
Level 2 | Student loan commitments | Fair Value, Recurring
Assets
Student loan commitments	0	0
Liabilities
Student loan commitments	0	0
Level 2 | Interest rate caps | Fair Value, Recurring
Assets
Derivative assets	7,484	9,178
Level 2 | Residual interests classified as debt | Fair Value, Recurring
Liabilities
Residual interests classified as debt	0	0
Level 2 | Derivative liabilities | Fair Value, Recurring
Liabilities
Derivative liabilities	10,849	9,331
Level 3
Assets
Total assets	348,885	328,775
Liabilities
Debt	0	0
Total liabilities	0	0
Level 3 | Fair Value, Recurring
Assets
Investments in AFS debt securities	0	0
Loans at fair value	15,858,105	13,557,074
Servicing rights	146,514	149,854
Digital assets safeguarding asset	0	0
Total assets	16,048,918	13,754,066
Liabilities
Debt	0	0
Digital assets safeguarding liability	0	0
Total liabilities	15,565	17,284
Level 3 | Asset-backed bonds | Fair Value, Recurring
Assets
Asset-backed bonds and residual investments	0	0
Level 3 | Residual investments | Fair Value, Recurring
Assets
Asset-backed bonds and residual investments	42,960	46,238
Level 3 | Third-party warrants | Fair Value, Recurring
Assets
Derivative assets	630	630
Level 3 | Derivative assets | Fair Value, Recurring
Assets
Derivative assets	0	0
Level 3 | Purchase price earn out | Fair Value, Recurring
Assets
Derivative assets	0	54
Level 3 | IRLCs | Fair Value, Recurring
Assets
Derivative assets	634	216
Level 3 | Student loan commitments | Fair Value, Recurring
Assets
Student loan commitments	75	0
Liabilities
Student loan commitments	0	236
Level 3 | Interest rate caps | Fair Value, Recurring
Assets
Derivative assets	0	0
Level 3 | Residual interests classified as debt | Fair Value, Recurring
Liabilities
Residual interests classified as debt	15,565	17,048
Level 3 | Derivative liabilities | Fair Value, Recurring
Liabilities
Derivative liabilities	$ 0	$ 0

X

- Definition

Fair Value, Option, Unpaid Principal, Long-Term Debt Instruments

+ References

No definition available.

+ Details

Name:	sofi_FairValueOptionUnpaidPrincipalLongTermDebtInstruments
Namespace Prefix:	sofi_
Data Type:	xbrli:monetaryItemType
Balance Type:	credit
Period Type:	instant

X

- Definition

Loan Origination Commitments, Fair Value

+ References

No definition available.

+ Details

Name:	sofi_LoanOriginationCommitmentsFairValue
Namespace Prefix:	sofi_
Data Type:	xbrli:monetaryItemType
Balance Type:	debit
Period Type:	instant

X

- Definition

Loan Origination Commitments, Liability, Fair Value

+ References

No definition available.

+ Details

Name:	sofi_LoanOriginationCommitmentsLiabilityFairValue
Namespace Prefix:	sofi_
Data Type:	xbrli:monetaryItemType
Balance Type:	credit
Period Type:	instant

X

- References

No definition available.

+ Details

Name:	srt-supplement_SafeguardingAssetPlatformOperatorCryptoAsset
Namespace Prefix:	srt-supplement_
Data Type:	xbrli:monetaryItemType
Balance Type:	debit
Period Type:	instant

X

- References

No definition available.

+ Details

Name:	srt-supplement_SafeguardingLiabilityPlatformOperatorCryptoAsset
Namespace Prefix:	srt-supplement_
Data Type:	xbrli:monetaryItemType
Balance Type:	credit
Period Type:	instant

X

- Definition

Fair value portion of probable future economic benefits obtained or controlled by an entity as a result of past transactions or events.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 820
-SubTopic 10
-Section 50
-Paragraph 2
-Subparagraph (a)
-URI https://asc.fasb.org/extlink&oid=126976982&loc=d3e19207-110258

+ Details

Name:	us-gaap_AssetsFairValueDisclosure
Namespace Prefix:	us-gaap_
Data Type:	xbrli:monetaryItemType
Balance Type:	debit
Period Type:	instant

X

- References

No definition available.

+ Details

Name:	us-gaap_AssetsFairValueDisclosureAbstract
Namespace Prefix:	us-gaap_
Data Type:	xbrli:stringItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Amount of investment in debt security measured at fair value with change in fair value recognized in other comprehensive income (available-for-sale).

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 942
-SubTopic 210
-Section S99
-Paragraph 1
-Subparagraph (SX 210.9-03(6))
-URI https://asc.fasb.org/extlink&oid=126897435&loc=d3e534808-122878

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 326
-SubTopic 30
-Section 45
-Paragraph 1
-URI https://asc.fasb.org/extlink&oid=124258926&loc=SL82898722-210454

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 320
-SubTopic 10
-Section 45
-Paragraph 1
-Subparagraph (b)
-URI https://asc.fasb.org/extlink&oid=124260329&loc=d3e26610-111562

Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 320
-SubTopic 10
-Section 50
-Paragraph 2
-Subparagraph (aa)
-URI https://asc.fasb.org/extlink&oid=126970911&loc=d3e27161-111563

+ Details

Name:	us-gaap_AvailableForSaleSecuritiesDebtSecurities
Namespace Prefix:	us-gaap_
Data Type:	xbrli:monetaryItemType
Balance Type:	debit
Period Type:	instant

X

- Definition

Obligation reflecting another party's right to economic interests in another entity or trust under a contractual right. For example, an investor may purchase a beneficial interest in a securitization transaction.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 942
-SubTopic 210
-Section S99
-Paragraph 1
-Subparagraph (SX 210.9-03.15)
-URI https://asc.fasb.org/extlink&oid=126897435&loc=d3e534808-122878

+ Details

Name:	us-gaap_BeneficialInterest
Namespace Prefix:	us-gaap_
Data Type:	xbrli:monetaryItemType
Balance Type:	credit
Period Type:	instant

X

- Definition

Fair value, after the effects of master netting arrangements, of a financial asset or other contract with one or more underlyings, notional amount or payment provision or both, and the contract can be net settled by means outside the contract or delivery of an asset. Includes assets not subject to a master netting arrangement and not elected to be offset.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 210
-SubTopic 20
-Section 55
-Paragraph 10
-URI https://asc.fasb.org/extlink&oid=99393222&loc=SL20226008-175313

Reference 2: http://www.xbrl.org/2003/role/exampleRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 210
-SubTopic 20
-Section 55
-Paragraph 22
-URI https://asc.fasb.org/extlink&oid=99393222&loc=SL20226052-175313

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 825
-SubTopic 10
-Section 50
-Paragraph 10
-URI https://asc.fasb.org/extlink&oid=123594938&loc=d3e13433-108611

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 210
-SubTopic 20
-Section 50
-Paragraph 3
-Subparagraph (c)
-URI https://asc.fasb.org/extlink&oid=51824906&loc=SL20225862-175312

+ Details

Name:	us-gaap_DerivativeAssets
Namespace Prefix:	us-gaap_
Data Type:	xbrli:monetaryItemType
Balance Type:	debit
Period Type:	instant

X

- Definition

Fair value, after the effects of master netting arrangements, of a financial liability or contract with one or more underlyings, notional amount or payment provision or both, and the contract can be net settled by means outside the contract or delivery of an asset. Includes liabilities not subject to a master netting arrangement and not elected to be offset.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 210
-SubTopic 20
-Section 50
-Paragraph 3
-Subparagraph (c)
-URI https://asc.fasb.org/extlink&oid=51824906&loc=SL20225862-175312

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 210
-SubTopic 20
-Section 55
-Paragraph 10
-URI https://asc.fasb.org/extlink&oid=99393222&loc=SL20226008-175313

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 825
-SubTopic 10
-Section 50
-Paragraph 10
-URI https://asc.fasb.org/extlink&oid=123594938&loc=d3e13433-108611

Reference 4: http://www.xbrl.org/2003/role/exampleRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 210
-SubTopic 20
-Section 55
-Paragraph 22
-URI https://asc.fasb.org/extlink&oid=99393222&loc=SL20226052-175313

+ Details

Name:	us-gaap_DerivativeLiabilities
Namespace Prefix:	us-gaap_
Data Type:	xbrli:monetaryItemType
Balance Type:	credit
Period Type:	instant

X

- Definition

For each line item in the statement of financial position, the amounts of gains and losses from fair value changes included in earnings.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 825
-SubTopic 10
-Section 50
-Paragraph 30
-Subparagraph (a)
-URI https://asc.fasb.org/extlink&oid=123596393&loc=d3e14172-108612

+ Details

Name:	us-gaap_FairValueOptionChangesInFairValueGainLoss1
Namespace Prefix:	us-gaap_
Data Type:	xbrli:monetaryItemType
Balance Type:	credit
Period Type:	duration

X

- Definition

Fair value of financial obligations, including, but not limited to, debt instruments, derivative liabilities, federal funds purchased and sold under agreements to repurchase, securities loaned or sold under agreements to repurchase, financial instruments sold not yet purchased, guarantees, line of credit, loans and notes payable, servicing liability, and trading liabilities.

+ References

No definition available.

+ Details

Name:	us-gaap_FinancialLiabilitiesFairValueDisclosure
Namespace Prefix:	us-gaap_
Data Type:	xbrli:monetaryItemType
Balance Type:	credit
Period Type:	instant

X

- References

No definition available.

+ Details

Name:	us-gaap_LiabilitiesFairValueDisclosureAbstract
Namespace Prefix:	us-gaap_
Data Type:	xbrli:stringItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Fair value portion of loan receivable, including, but not limited to, mortgage loans held for investment, finance receivables held for investment, policy loans on insurance contracts.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 310
-SubTopic 10
-URI https://asc.fasb.org/subtopic&trid=2196772

+ Details

Name:	us-gaap_LoansReceivableFairValueDisclosure
Namespace Prefix:	us-gaap_
Data Type:	xbrli:monetaryItemType
Balance Type:	debit
Period Type:	instant

X

- Definition

The fair value amount of long-term debt whether such amount is presented as a separate caption or as a parenthetical disclosure. Additionally, this element may be used in connection with the fair value disclosures required in the footnote disclosures to the financial statements. The element may be used in both the balance sheet and disclosure in the same submission.

+ References

No definition available.

+ Details

Name:	us-gaap_LongTermDebtFairValue
Namespace Prefix:	us-gaap_
Data Type:	xbrli:monetaryItemType
Balance Type:	credit
Period Type:	instant

X

- Definition

Fair value portion of interest continued to be held by a transferor after transferring financial assets to a third party.

+ References

No definition available.

+ Details

Name:	us-gaap_RetainedInterestFairValueDisclosure
Namespace Prefix:	us-gaap_
Data Type:	xbrli:monetaryItemType
Balance Type:	debit
Period Type:	instant

X

- Definition

Fair value of an asset representing net future revenue from contractually specified servicing fees, late charges, and other ancillary revenues, in excess of future costs related to servicing arrangements.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 860
-SubTopic 50
-Section 45
-Paragraph 2
-Subparagraph (b)
-URI https://asc.fasb.org/extlink&oid=6469459&loc=d3e122501-111745

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 860
-SubTopic 50
-Section 45
-Paragraph 1
-URI https://asc.fasb.org/extlink&oid=6469459&loc=d3e122492-111745

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 860
-SubTopic 50
-Section 50
-Paragraph 3
-Subparagraph (a)(1)
-URI https://asc.fasb.org/extlink&oid=128311188&loc=d3e122625-111746

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 860
-SubTopic 50
-Section 45
-Paragraph 2
-Subparagraph (a)
-URI https://asc.fasb.org/extlink&oid=6469459&loc=d3e122501-111745

+ Details

Name:	us-gaap_ServicingAssetAtFairValueAmount
Namespace Prefix:	us-gaap_
Data Type:	xbrli:monetaryItemType
Balance Type:	debit
Period Type:	instant

X

- Details

Name:	us-gaap_FairValueByMeasurementBasisAxis=us-gaap_EstimateOfFairValueFairValueDisclosureMember
Namespace Prefix:
Data Type:	na
Balance Type:
Period Type:

X

- Details

Name:	us-gaap_FairValueByMeasurementFrequencyAxis=us-gaap_FairValueMeasurementsRecurringMember
Namespace Prefix:
Data Type:	na
Balance Type:
Period Type:

X

- Details

Name:	us-gaap_FinancialInstrumentAxis=us-gaap_AssetBackedSecuritiesMember
Namespace Prefix:
Data Type:	na
Balance Type:
Period Type:

X

- Details

Name:	us-gaap_FinancialInstrumentAxis=sofi_ResidualInvestmentsMember
Namespace Prefix:
Data Type:	na
Balance Type:
Period Type:

X

- Details

Name:	us-gaap_FinancialInstrumentAxis=sofi_DerivativeInstrumentPartnerWarrantsMember
Namespace Prefix:
Data Type:	na
Balance Type:
Period Type:

X

- Details

Name:	us-gaap_FinancialInstrumentAxis=sofi_DerivativeAssetsSubjectToMasterNettingArrangementMember
Namespace Prefix:
Data Type:	na
Balance Type:
Period Type:

X

- Details

Name:	us-gaap_FinancialInstrumentAxis=sofi_PurchasePriceEarnOutMember
Namespace Prefix:
Data Type:	na
Balance Type:
Period Type:

X

- Details

Name:	us-gaap_FinancialInstrumentAxis=us-gaap_InterestRateLockCommitmentsMember
Namespace Prefix:
Data Type:	na
Balance Type:
Period Type:

X

- Details

Name:	us-gaap_FinancialInstrumentAxis=sofi_StudentLoanCommitmentsMember
Namespace Prefix:
Data Type:	na
Balance Type:
Period Type:

X

- Details

Name:	us-gaap_FinancialInstrumentAxis=us-gaap_InterestRateCapMember
Namespace Prefix:
Data Type:	na
Balance Type:
Period Type:

X

- Details

Name:	us-gaap_FinancialInstrumentAxis=sofi_ResidualInterestsClassifiedAsDebtMember
Namespace Prefix:
Data Type:	na
Balance Type:
Period Type:

X

- Details

Name:	us-gaap_FinancialInstrumentAxis=sofi_DerivativeLiabilitiesSubjectToMasterNettingArrangementMember
Namespace Prefix:
Data Type:	na
Balance Type:
Period Type:

X

- Details

Name:	us-gaap_FairValueByFairValueHierarchyLevelAxis=us-gaap_FairValueInputsLevel1Member
Namespace Prefix:
Data Type:	na
Balance Type:
Period Type:

X

- Details

Name:	us-gaap_FairValueByFairValueHierarchyLevelAxis=us-gaap_FairValueInputsLevel2Member
Namespace Prefix:
Data Type:	na
Balance Type:
Period Type:

X

- Details

Name:	us-gaap_FairValueByFairValueHierarchyLevelAxis=us-gaap_FairValueInputsLevel3Member
Namespace Prefix:
Data Type:	na
Balance Type:
Period Type: