Company / Interest Expense
SoFi Technologies, Inc. Interest Expense History
FY2019-FY2023 · Annual data · Source: SEC filings
At a glance
Latest annual filing availableLatest Interest Expense
$789.3M
FY2023
5-year range
$102.8M / $789.3M
FY2019-FY2023
Trend
+317.0%
vs FY2022
Sector context
#34 of 214
Financials
What the data says
Interest Expense changed +317% YoY in FY2023, a notable deviation from the 4-year average annual change of +81%.
Based on SEC 10-K filings.
$789M in FY2023 with a 3-year CAGR of +62.0%. Top quartile in the Financials sector.
Increased from $103M to $789M over the past 2 years.
Financials sector context is included.
Interest Expense over time
Growth rates
- 3-Year CAGR
- +62.0%
- 5-Year CAGR
- -
- 10-Year CAGR
- -
Sector benchmark
Bottom 16% in FinancialsTop 84% of 214This company $789.3M Sector average $939.3M
▼
-16.0% below sector average
Key checks
Key Insights
- 3-year CAGR of +62.0%, indicating consistent growth.
- In FY2023, interest expense increased 317.0% year-over-year.
- Ranks #34 out of 214 companies in the Financials sector.
- Lowest interest expense in the period was in FY2021.
Company context
Key Data Points
- Low Piotroski F-Score: 1/9 (multiple financial health concerns)
- Altman Z-Score 0.17 (distress zone, below 1.8 threshold)
- Low earnings quality (accrual-heavy earnings)
Data sourced from SEC EDGAR filings. Not investment advice.
Annual data
| Year | Interest ExpenseValue | YoY GrowthYoY |
|---|---|---|
| FY2025 | - | - |
| FY2024 | - | - |
| FY2023 | $789.3M | +317.0% |
| FY2022 | $189.3M | +84.2% |
| FY2021 | $102.8M | -44.6% |
| FY2020 | $185.6M | -33.3% |
| FY2019 | $278.4M | - |
As of FY2023 · SEC 10-K · Updated Feb 28, 2026