SoFi Technologies (SOFI) Change in Net Loans (2020 - 2022)
SoFi Technologies (SOFI) posted quarterly Change in Net Loans of $11.6 million for Q3 2022, up 275.04% year-over-year from $3.1 million in Q3 2021, and down 68.12% on a QoQ basis from $36.4 million in Q2 2022.
SoFi Technologies (SOFI) Change in Net Loans (2020 - 2022) Analysis & Trends
SoFi Technologies (SOFI) has reported Change in Net Loans for 3 consecutive years, with $11.6 million the latest figure, recorded in Q3 2022.
- In Q3 2022, Change in Net Loans rose 275.04% year-over-year to $11.6 million; the TTM figure through Sep 2022 stood at $1.7 million (down 91.65% YoY), while the FY2021 annual figure was $10.1 million, down 82.72% from the prior year.
- Change in Net Loans came in at $11.6 million for Q3 2022 at SoFi Technologies, down from $36.4 million in the prior quarter.
- The five-year high for Change in Net Loans was $66.6 million in Q3 2020, with the low at -$58.5 million in Q1 2022.
- Average Change in Net Loans over 3 years is $9.9 million, with a median of $12.3 million recorded in 2021.
- Across the five-year window, Change in Net Loans plunged 95.36% in 2021 and surged 275.04% in 2022, its largest moves.
- Year by year, Change in Net Loans stood at $22.7 million in 2020, then sank by 45.96% to $12.3 million in 2021, then declined by 5.58% to $11.6 million in 2022.
- According to Business Quant data, Change in Net Loans over the past three periods registered $11.6 million, $36.4 million, and -$58.5 million for Q3 2022, Q2 2022, and Q1 2022 respectively.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Change in Net Loans (Qtr) |
|---|---|---|---|---|---|
| 1 | Visa | 587.74 Bn | 575.34 Bn | - | - |
| 2 | Mastercard | 465.55 Bn | 455.34 Bn | - | - |
| 3 | American Express | 238.39 Bn | 184.35 Bn | 17.43 Bn | -512.00 Mn |
| 4 | PayPal Holdings | 40.24 Bn | 30.89 Bn | 7.84 Bn | - |
| 5 | Affirm Holdings | 28.27 Bn | 26.55 Bn | 261.64 Mn | - |
| 6 | SoFi Technologies | 23.54 Bn | 20.13 Bn | 929.25 Mn | - |
| 7 | Ally Financial | 14.34 Bn | 13.89 Bn | 1.98 Bn | - |
| 8 | Credit Acceptance | 7.51 Bn | 7.49 Bn | 562.70 Mn | - |
| 9 | FinVolution | 6.22 Bn | 4.97 Bn | 311.24 Mn | - |
| 10 | Sezzle | 5.91 Bn | 5.79 Bn | - | - |
Historic Data
Download Data| Date | Value |
|---|---|
| Sep 30, 2022 | 11.60 Mn |
| Jun 30, 2022 | 36.38 Mn |
| Mar 31, 2022 | -58.55 Mn |
| Dec 31, 2021 | 12.29 Mn |
| Sep 30, 2021 | 3.09 Mn |
| Jun 30, 2021 | 25.26 Mn |
| Mar 31, 2021 | -30.49 Mn |
| Dec 31, 2020 | 22.73 Mn |
| Sep 30, 2020 | 66.60 Mn |