SoFi Technologies
35 named things its latest annual report says its results depend on, each in the company's own words. 16 of them are also named by other companies we've read.
Customers
Fannie Mae and Freddie Mac (GSEs)
earns fromnamed as a riskGSEs invest in some of the mortgage loans that SoFi Bank originates.Business (Item 1)
Whole loan purchasers
concentrated innamed as a riskAlthough we continue to hold loans on-balance sheet for longer periods, when we sell our personal loans, student loans and home loans, we sell to a concentrated number of whole loan purchasers.Risk factors (Item 1A)
Loan Platform Business counterparties
concentrated innamed as a riskWe originate personal loans under the Loan Platform Business for a concentrated number of counterparties.Risk factors (Item 1A)
Galileo and Technisys clients
concentrated innamed as a riskGalileo and Technisys revenue from clients is highly concentrated and a significant Galileo client recently moved to a competitor.Risk factors (Item 1A)
Suppliers
Warehouse facility lenders
depends on · $7.2 billionnamed as a riskAs of December 31, 2025, we had total borrowing capacity under loan warehouse facilities of $7.2 billion, of which none was utilized.Market risk (Item 7A)
Amazon Web Services (AWS)
depends onnamed as a riskWe currently use AWS and would be unable to switch instantly to another system in the event of failure to access AWS.Risk factors (Item 1A)
Also named by AAON, ABNB, ADSK, AIOT, BLK, CARR, CG, COF and 56 more
Student loan and home loan sub-servicers
depends onnamed as a riskWe rely on sub-servicers to service all of our student loans, our home loans that we deliver to GSEs and do not sell servicing-released and certain home equity loans, and to perform certain back-up servicing functions with respect to our personal loans.Risk factors (Item 1A)
Credit reporting agencies
depends onnamed as a riskFurthermore, we rely on credit reporting agencies to obtain credit reports and other information we rely upon in making underwriting and pricing decisions.Risk factors (Item 1A)
Partners and platforms
Global remittance third-party partners
depends onnamed as a riskFurthermore, we currently rely on third-party partners to facilitate global remittance services and may rely on additional third-parties in the future.Risk factors (Item 1A)
Other companies
Capped Call Counterparties
named as a riskThe Capped Call Counterparties are financial institutions or affiliates of financial institutions, and we will be subject to the risk that any or all of them might default under the Capped Call Transactions.Risk factors (Item 1A)
Wyndham
named as a riskIn addition, in the acquisition of Wyndham, we also acquired Wyndham's liability to its loan investors and loan insurers for mortgage loans originated by Wyndham, including repurchase obligations that might not be contingent upon the investor proving an error by Wyndham.Risk factors (Item 1A)
Places
Latin America
operates innamed as a riskWe also acquired Technisys in the first quarter of 2022, which furthered our international expansion into Latin America and introduced new risks due to our limited history of operations in certain Latin American countries.Risk factors (Item 1A)
Also named by AMT, DCI, DOW, EZPW, FLS, MCO, SNEX, UBER and 2 more
Hong Kong
operates innamed as a riskFurthermore, our crypto offering in Hong Kong is subject to evolving regulatory requirements under Hong Kong’s licensing and virtual asset regime.Risk factors (Item 1A)
Also named by CG, DECK, EWBC, EXPD, LZB, MCO, MPWR, MXL and 1 more
San Francisco Bay Area, Salt Lake City, and Jacksonville
operates innamed as a riskWe have large offices located in the San Francisco Bay Area, Salt Lake City, Utah, and Jacksonville, Florida, regions that are prone to events such as seismic activity and severe weather, that have experienced and may continue to experience, climate-related events and at an increasing rate.Risk factors (Item 1A)
Hazards
Wildfires, drought and hurricanes
operates innamed as a riskThe increasing intensity of drought throughout California and Utah and annual periods of wildfire danger, and the increasing intensity of hurricanes in Florida, increase the probability of planned power outages.Risk factors (Item 1A)
Commodities and inputs
Cryptocurrency (Bitcoin, Ethereum, Solana)
exposed to its pricenamed as a riskCryptocurrencies have in the past and may in the future experience periods of extreme price volatility.Risk factors (Item 1A)
Also named by RITM
Regulators
Federal Deposit Insurance Corporation (FDIC)
subject to · $19.3 millionFor 2025, the FDIC insurance expense for SoFi Bank was $19.3 million.Business (Item 1)
Also named by AFRM, BAC, BNY, CASH, CFG, CFR, COF, FCFS and 27 more
Consumer Financial Protection Bureau (CFPB)
subject tonamed as a riskBeginning January 1, 2024, SoFi Bank and its affiliates became subject to CFPB supervision and regulation with respect to federal consumer protection laws, including laws relating to fair lending and the prohibition of unfair, deceptive or abusive acts or practices in connection with the offer, sale or provision of consumer financial products and services.Business (Item 1)
Also named by ABNB, AFRM, ALLY, AN, AUB, AXP, BAC, CASH and 61 more
Federal Reserve
subject tonamed as a riskAs a bank holding company, we are subject to regulation, supervision and examination by the Federal Reserve under the BHCA, and SoFi Bank is subject to regulation, supervision and examination by the OCC and secondary supervisory authority by the FDIC as the insurer of SoFi Bank’s deposits, and beginning January 1, 2024, SoFi Bank and its affiliates became subject to supervision and examination by the CFPB.Business (Item 1)
Also named by AGNC, AUB, AXP, BAC, CASH, COF, DX, EFSC and 24 more
Laws and programs
Telephone Consumer Protection Act (TCPA)
subject to · $500 for each call or textnamed as a riskFor violations of the TCPA, the law provides for a private right of action under which a plaintiff may recover monetary statutory damages of $500 for each call or text made in violation of the statute.Risk factors (Item 1A)
Also named by ADP, AFL, BBW, CART, COMP, CRM, CSGP, FCFS and 9 more
Proposed 10% credit card interest rate cap
subject to · 10.00%named as a riskAlthough the proposed cap on credit card interest may provide opportunities in other segments of our business, if enforced, it would likely adversely impact the SoFi Credit Card program.Risk factors (Item 1A)
California Consumer Privacy Act (CCPA)
subject tonamed as a riskOn January 1, 2020, the CCPA took effect, directly impacting our California business operations and indirectly impacting our operations nationwide.Business (Item 1)
Also named by AAP, AIOT, AKAM, ALL, APP, AYI, BAC, BBSI and 69 more
Community Reinvestment Act
subject tonamed as a riskFailure of SoFi Bank to receive at least a “Satisfactory” rating could inhibit SoFi Bank or the Company from undertaking certain activities, including acquisitions of other financial institutions.Business (Item 1)
Also named by ALLY, AMP, AUB, CFG, CFR, EFSC, EWBC, FCNCA and 20 more
GENIUS Act
subject tonamed as a riskSoFi Bank expects to request approval of the OCC to form a subsidiary that will become a Permitted Issuer with respect to SoFiUSD.Business (Item 1)
Also named by AUB, C, CFR, COF, COIN, CUBI, EWBC, FCNCA and 15 more
Durbin Amendment
subject tonamed as a riskThe restrictions on interchange fees became applicable to SoFi Bank on July 1, 2023, which may negatively impact future interchange fees.Business (Item 1)
FHA and VA loan programs
subject tonamed as a riskWith regard to home loans insured by the Federal Housing Administration or the VA, and to the extent that any of our home loans do not comply with Federal Housing Administration or VA guidelines, we could also face claims under the False Claims Act.Risk factors (Item 1A)
U.S. Department of Education student loan policy
subject tonamed as a riskIf in the future, student loans were forgiven or canceled in any meaningful scale, or if federal loan borrowers were permitted to refinance at lower interest rates, our student loan refinancing business within our Lending segment would be materially and adversely affected and our profitability, results of operations, financial condition, cash flows or future business prospects could be materially and adversely affected as a result.Risk factors (Item 1A)
Regulation W (Sections 23A and 23B of the Federal Reserve Act)
subject tonamed as a riskFor example, Galileo’s provision of technology services to SoFi Bank is subject to Regulation W, including the requirement that the arrangement is on market terms.Risk factors (Item 1A)
FTC Consent Order
subject tonamed as a riskUnder the FTC Consent Order, we are prohibited from misrepresenting to consumers how much money they would save by using our products, unless the claims are backed up by reliable evidence.Risk factors (Item 1A)
SEC Regulation NMS Rules 610 and 612 amendments
subject tonamed as a riskIn addition, SoFi Securities’ ability to generate revenue may be impacted as a result of the changes in stock exchange fee caps and the resulting potential changes in order routing and execution decisions.Risk factors (Item 1A)
Banking as a Service (BaaS) regulatory scrutiny
subject tonamed as a riskIf we or any of the fintech clients or sponsor bank partners supported by our Technology Platform were to face regulatory actions that limit the growth of our or their fintech business, or if we were forced to stop growing our Technology Platform, or if any of our fintech clients or sponsor banks were to limit or cease their participation in BaaS solutions, this could have a negative impact on our revenue and results of operation for the Technology Platform segment.Risk factors (Item 1A)
Volcker Rule
subject toThe Company and our subsidiaries are subject to the Volcker Rule and do not qualify for this exception.Business (Item 1)
Also named by AMP, BAC, GS, HBAN, MS, NTRS, PNC, RJF and 5 more
SEC Net Capital Rule (Rule 15c3-1)
subject toSoFi Securities is subject to Rule 15c3-1 under the Exchange Act, the “SEC Net Capital Rule”, which requires the maintenance of minimum levels of net capital.Business (Item 1)