Company / R&D Expense
SoFi Technologies, Inc. R&D Expense History
FY2019-FY2025 · Annual data · Source: SEC filings
At a glance
Latest annual filing availableLatest R&D Expense
$648.3M
FY2025
5-year range
$276.1M / $648.3M
FY2021-FY2025
Trend
+17.5%
vs FY2024
Sector context
#4 of 20
Financials
What the data says
SoFi Technologies, Inc.'s r&d expense of $648M is higher than 80% of companies in the Financials sector (FY2025). R&D Expense has increased for 6 consecutive years, from $147M in FY2019 to $648M in FY2025.
Based on SEC 10-K filings.
$648M in FY2025 with a 5-year CAGR of +26.4%. Top quartile in the Financials sector.
Improved from $511M to $648M over the past 2 years.
Financials sector context is included.
R&D Expense over time
Growth rates
- 3-Year CAGR
- +17.0%
- 5-Year CAGR
- +26.4%
- 10-Year CAGR
- -
Sector benchmark
Top 20% in FinancialsTop 20% of 20This company $648.3M Sector average $402.2M
▼
+61.2% above sector average
Key checks
Key Insights
- SoFi Technologies, Inc.'s r&d expense has grown for 6 consecutive years.
- 5-year CAGR of +26.4%, indicating consistent growth.
- In FY2025, r&d expense increased 17.5% year-over-year.
- Ranks #4 out of 20 companies in the Financials sector.
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 | R&D ExpenseValue | YoY GrowthYoY |
|---|---|---|
| FY2025 | $648.3M | +17.5% |
| FY2024 | $551.8M | +7.9% |
| FY2023 | $511.4M | +26.2% |
| FY2022 | $405.3M | +46.8% |
| FY2021 | $276.1M | +37.2% |
| FY2020 | $201.2M | +36.4% |
| FY2019 | $147.5M | - |
As of FY2025 · SEC 10-K · Updated Feb 28, 2026