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SoFi Technologies (SOFI) Research & Development: 2019-2024

Historic Research & Development for SoFi Technologies (SOFI) over the last 6 years, with Dec 2024 value amounting to $551.8 million.

  • SoFi Technologies' Research & Development rose 19.63% to $167.1 million in Q3 2025 from the same period last year, while for Sep 2025 it was $624.5 million, marking a year-over-year increase of 14.66%. This contributed to the annual value of $551.8 million for FY2024, which is 7.89% up from last year.
  • Latest data reveals that SoFi Technologies reported Research & Development of $551.8 million as of FY2024, which was up 7.89% from $511.4 million recorded in FY2023.
  • In the past 5 years, SoFi Technologies' Research & Development registered a high of $551.8 million during FY2024, and its lowest value of $201.2 million during FY2020.
  • Over the past 3 years, SoFi Technologies' median Research & Development value was $511.4 million (recorded in 2023), while the average stood at $489.5 million.
  • Data for SoFi Technologies' Research & Development shows a peak YoY soared of 46.79% (in 2022) over the last 5 years.
  • Yearly analysis of 5 years shows SoFi Technologies' Research & Development stood at $201.2 million in 2020, then spiked by 37.22% to $276.1 million in 2021, then soared by 46.79% to $405.3 million in 2022, then climbed by 26.20% to $511.4 million in 2023, then climbed by 7.89% to $551.8 million in 2024.