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Equity | 6 Months Ended
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Jun. 30, 2026
Equity [Abstract] |
Equity | Note 10. 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, 2026, the Company had 1,290,312,404 shares of common stock and no shares of non-voting common stock issued and outstanding. On July 31, 2025, the Company completed an underwritten public offering of 82,733,817 shares of common stock, at an offering price of $20.85 per share. The Company received net proceeds of $1.7 billion after deducting underwriting discounts and offering costs. On December 8, 2025, the Company completed an underwritten public offering of 54,545,454 shares of common stock, at an offering price of $27.50 per share. The Company received net proceeds of $1.5 billion after deducting underwriting discounts and offering costs. In January 2026, the Company completed the issuance and sale of 3,209,206 shares of common stock purchased pursuant to a 30-day option related to the December 2025 underwriting agreement. The Company received net proceeds of approximately $0.1 billion after deducting underwriting discounts and commissions paid. Inclusive of the option, the total aggregate number of shares sold in December 2025 and January 2026 related to the offering was 57,754,660 shares, for total cash proceeds of approximately $1.6 billion, net of underwriting discounts and commissions paid. The Company reserved the following common stock for future issuance:
| June 30, 2026 |  | December 31, 2025
Outstanding stock options, restricted stock units and performance stock units | 63,363,353 |  |  | 69,314,034 |
Possible future issuance under stock plans | 190,267,448 |  |  | 124,357,791 |
Conversion of convertible notes(1) | — |  |  | 19,096,202 |
Total common stock reserved for future issuance | 253,630,801 |  |  | 212,768,027 |
____________________ (1)Represents the number of common stock issuable upon conversion of convertible note principal at the conversion rate in effect at the balance sheet date. As of December 31, 2025, we would have settled conversions by paying or delivering, at our election, cash, shares of our common stock or a combination of cash and shares of our common stock, based on the applicable conversion rate(s). As of June 30, 2026, following the April 15, 2026 election notice date, we will settle any conversions by a combination of cash up to the aggregate principal amount of the 2026 convertible notes, and shares of our common stock for any conversion consideration in excess of the principal amount of the 2026 convertible notes, based on the applicable conversion rate(s). Any shares of common stock issued are expected to be partially offset by the settlement of the 2026 capped calls, which the Company expects to settle in net shares. As of June 30, 2026, we did not anticipate any incremental spread, as our common stock price was below the conversion price for the 2026 convertible notes. See Note 9. Debt for additional information. Dividends Common stockholders and non-voting common stockholders are entitled to dividends when and if declared by the Board of Directors and subject to government regulation over banks and bank holding companies. There were no dividends declared or paid to common stockholders during the six months ended June 30, 2026 and 2025. Voting Rights Each holder of common stock has the right to one vote per share of common stock and is entitled to notice of any stockholder meeting. Non-voting common stock does not have any voting rights or other powers. Accumulated Other Comprehensive Income (Loss) AOCI primarily consists of accumulated net unrealized gains or losses associated with our investments in AFS debt securities and foreign currency translation adjustments. The following table presents the rollforward of AOCI, inclusive of the changes in the components of other comprehensive income (loss):
| AFS Debt Securities |  | Foreign Currency Translation Adjustments |  | Total
Three Months Ended June 30, 2026 |  |  |  |  |
AOCI, beginning balance | $ | (2,608) |  |  | $ | (135) |  |  | $ | (2,743) |
Other comprehensive income (loss) before reclassifications(1) | (9,306) |  |  | 68 |  |  | (9,238) |
Amounts reclassified from AOCI into earnings | — |  |  | — |  |  | — |
Net current-period other comprehensive income (loss)(2) | (9,306) |  |  | 68 |  |  | (9,238) |
AOCI, ending balance | $ | (11,914) |  |  | $ | (67) |  |  | $ | (11,981) |
Three Months Ended June 30, 2025 |  |  |  |  |
AOCI, beginning balance | $ | 2,103 |  |  | $ | 725 |  |  | $ | 2,828 |
Other comprehensive income (loss) before reclassifications(1) | 2,436 |  |  | (563) |  |  | 1,873 |
Amounts reclassified from AOCI into earnings | (1,108) |  |  | — |  |  | (1,108) |
Net current-period other comprehensive income (loss)(2) | 1,328 |  |  | (563) |  |  | 765 |
AOCI, ending balance | $ | 3,431 |  |  | $ | 162 |  |  | $ | 3,593 |
| AFS Debt Securities |  | Foreign Currency Translation Adjustments |  | Total
Six Months Ended June 30, 2026 |  |  |  |  |
AOCI, beginning balance | $ | 10,340 |  |  | $ | 639 |  |  | $ | 10,979 |
Other comprehensive (loss) before reclassifications | (16,519) |  |  | (706) |  |  | (17,225) |
Amounts reclassified from AOCI into earnings | (5,735) |  |  | — |  |  | (5,735) |
Net current-period other comprehensive (loss)(1)(2) | (22,254) |  |  | (706) |  |  | (22,960) |
AOCI, ending balance | $ | (11,914) |  |  | $ | (67) |  |  | $ | (11,981) |
Six Months Ended June 30, 2025 |  |  |  |  |
AOCI, beginning balance | $ | (9,359) |  |  | $ | 994 |  |  | $ | (8,365) |
Other comprehensive income (loss) before reclassifications | 13,898 |  |  | (832) |  |  | 13,066 |
Amounts reclassified from AOCI into earnings | (1,108) |  |  | — |  |  | (1,108) |
Net current-period other comprehensive income (loss)(1)(2) | 12,790 |  |  | (832) |  |  | 11,958 |
AOCI, ending balance | $ | 3,431 |  |  | $ | 162 |  |  | $ | 3,593 |
____________________ (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 condensed consolidated statements of operations and comprehensive income. There were no reclassifications related to foreign currency translation adjustments during any of the periods presented. (2)There were no material tax impacts during any of the periods presented.

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