Quick Answer
SoFi Technologies, Inc. reported R&D Expense of $648.33 million for fiscal year 2025.
SoFi Technologies, Inc. R&D Expense — Annual History
| Fiscal Year | R&D Expense | YoY Change |
|---|---|---|
| 2025 | $648.33M | +17.5% |
| 2024 | $551.79M | +7.9% |
| 2023 | $511.42M | +26.2% |
| 2022 | $405.26M | +46.8% |
| 2021 | $276.09M | +37.2% |
| 2020 | $201.20M | +36.4% |
| 2019 | $147.46M | — |
Quarterly R&D Expense
| Quarter Ending | R&D Expense | YoY | QoQ |
|---|---|---|---|
| September 30, 2025 | $167.14M | +19.6% | +9.9% |
| June 30, 2025 | $152.15M | +15.1% | -2.6% |
| March 31, 2025 | $156.21M | +19.3% | +11.8% |
| September 30, 2024 | $139.71M | +11.2% | +5.7% |
| June 30, 2024 | $132.17M | +4.2% | +1.0% |
| March 31, 2024 | $130.92M | +11.8% | +4.2% |
| September 30, 2023 | $125.70M | +13.5% | -0.9% |
| June 30, 2023 | $126.84M | +27.7% | +8.4% |
- SoFi Technologies, Inc. showed an increase of +17.5% in R&D Expense compared to the prior fiscal year.
- Over the 2019–2025 period, SoFi Technologies, Inc.’s r&d expense has grown by 339.7% (from $147.46 million to $648.33 million).
- The most recent figure is from SoFi Technologies, Inc.’s fiscal year 2025 report (Form 10-K), filed with the SEC on February 17, 2026.
- All figures are sourced from SEC EDGAR XBRL filings, last verified June 17, 2026.
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