SoFi Technologies, Inc. (SOFI) Valuation

Valuation

Model-based estimates, not advice. The DCF is the discounted-cash-flow value per share; compare it with the price, not as a target.

DCF fair value

-5.7%

$16.28

vs $17.26 price

Levered DCF

-$26.79

After debt service

Piotroski score

4 / 9

Average

Altman Z-score

0.23

Distress zone

Rating

C+

Overall 2 / 5

Ratios by fiscal year

Margins and yields are shares of revenue, equity or price; multiples are ×.

Metric	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018
P/E	62.33×	33.48×	-27.64×	-11.53×	-15.81×	-4.56×	-4.62×	-4.82×
P/B	2.87×	2.48×	1.69×	0.75×	1.77×	0.47×	0.58×	0.67×
P/S	6.31×	4.37×	3.25×	2.36×	7.66×	1.92×	1.69×	2.03×
EV / EBITDA	35.68×	38.55×	-117.11×	-49.99×	-31.68×	-21.76×	-25.95×	-30.22×
Gross margin	75.1%	69.7%	70.9%	86.2%	89.9%	75.3%	61.4%	44.9%
Operating margin	11.0%	6.3%	-10.4%	-18.1%	-44.2%	-43.7%	-33.2%	-42.2%
Net margin	10.1%	13.5%	-10.4%	-18.2%	-44.5%	-29.8%	-33.2%	-42.1%
Current ratio	0.24×	0.19×	0.2×	0.2×	1.11×	0.64×	1.41×	44.32×
Debt / equity	0.18×	0.49×	0.97×	1.02×	0.89×	1.66×	2.42×	3.65×
Interest coverage	0.45×	0.21×	-0.38×	-1.68×	-4.68×	-1.77×	-0.86×	-0.77×
Dividend yield	0.0%	0.1%	0.4%	1.0%	0.5%	2.8%	2.0%	0.0%
Payout ratio	0.0%	3.3%	-13.4%	-12.6%	-8.4%	-18.1%	-10.0%	0.0%

Key metrics by fiscal year

Metric	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018
Return on equity	4.6%	7.6%	-5.4%	-5.8%	-10.3%	-7.3%	-11.4%	-13.9%
Return on invested capital	3.8%	2.4%	-2.7%	-2.8%	-5.4%	-2.9%	-3.4%	-2.9%
Return on assets	1.0%	1.4%	-1.0%	-1.7%	-5.3%	-2.6%	-3.3%	-3.0%
Free cash flow yield	-13.2%	-7.9%	-78.1%	-177.2%	-16.8%	-34.9%	-7.6%	82.9%
Earnings yield	1.6%	3.1%	-3.2%	-7.7%	-5.8%	-15.5%	-19.7%	-20.7%
Enterprise value	$27.1B	$16.8B	$11.7B	$8.4B	$12B	$5.6B	$5.8B	$7.3B
Net debt / EBITDA	-3.94×	1.52×	-22.84×	-25.17×	-9.75×	-16.18×	-20.5×	-25.2×
Cash conversion cycle (days)	41	15	-48	-190	-494	-882	-125	5