SoFi Files 8-K on Operations & Financial Condition
Ticker: SOFI · Form: 8-K · Filed: Jan 29, 2024 · CIK: 1818874
| Field | Detail |
|---|---|
| Company | Sofi Technologies, INC. (SOFI) |
| Form Type | 8-K |
| Filed Date | Jan 29, 2024 |
| Risk Level | low |
| Pages | 2 |
| Reading Time | 2 min |
| Key Dollar Amounts | $0.0001 |
| Sentiment | neutral |
Complexity: simple
Sentiment: neutral
Topics: financial-condition, results-of-operations, regulatory-filing
TL;DR
**SoFi just filed an 8-K, signaling upcoming or recent financial results.**
AI Summary
SoFi Technologies, Inc. filed an 8-K on January 29, 2024, to report on its results of operations and financial condition. This filing is a routine disclosure, indicating the company is providing updated financial information to the public and the SEC. For investors, this matters because it signals that SoFi is adhering to its regulatory obligations and will soon release or has just released key financial performance data, which is crucial for evaluating the stock's value and future prospects.
Why It Matters
This filing indicates SoFi is providing updated financial information, which is essential for investors to assess the company's performance and make informed decisions.
Risk Assessment
Risk Level: low — This 8-K is a standard procedural filing for reporting financial results and does not inherently indicate new risks.
Analyst Insight
A smart investor would monitor SoFi's upcoming announcements or look for the detailed financial statements and exhibits that this 8-K indicates are being reported, as these will contain the actual performance data.
Key Players & Entities
- SoFi Technologies, Inc. (company) — the registrant filing the 8-K
- January 29, 2024 (date) — date of earliest event reported and filing date
- Delaware (company) — state of incorporation for SoFi Technologies, Inc.
- 001-39606 (dollar_amount) — Commission File Number
- 98-1547291 (dollar_amount) — I.R.S. Employer Identification No.
- 234 1st Street, San Francisco, California 94105 (company) — address of principal executive offices
- (855) 456-7634 (dollar_amount) — registrant's telephone number
- SOFI (company) — trading symbol for common stock
- The Nasdaq Global Select Market (company) — exchange where common stock is registered
FAQ
What is the purpose of SoFi Technologies, Inc.'s 8-K filing dated January 29, 2024?
The 8-K filing by SoFi Technologies, Inc. on January 29, 2024, is to report on 'Results of Operations and Financial Condition' and 'Financial Statements and Exhibits' as per Item Information.
When was the earliest event reported in this 8-K filing?
The earliest event reported in this 8-K filing occurred on January 29, 2024, which is also the date of the report.
What is SoFi Technologies, Inc.'s trading symbol and on which exchange is its common stock registered?
SoFi Technologies, Inc.'s common stock trades under the symbol SOFI and is registered on The Nasdaq Global Select Market.
What is the business address of SoFi Technologies, Inc. as stated in the filing?
The business address of SoFi Technologies, Inc. is 234 1st Street, San Francisco, California 94105.
Is SoFi Technologies, Inc. classified as an emerging growth company according to this filing?
No, the filing indicates with a '☐' (unchecked box) that SoFi Technologies, Inc. is not an emerging growth company as defined in Rule 405 of the Securities Act of 1933 or Rule 12b-2 of the Securities Exchange Act of 1934.
Filing Stats: 485 words · 2 min read · ~2 pages · Grade level 10.6 · Accepted 2024-01-29 07:05:33
Key Financial Figures
- $0.0001 — ange on which registered Common stock, $0.0001 par value per share SOFI The Nasdaq Glo
Filing Documents
- sofi-20240129.htm (8-K) — 26KB
- q42023earningsrelease.htm (EX-99.1) — 872KB
- chart-9f6af169f728474e98c.jpg (GRAPHIC) — 23KB
- chart-a076b34f4ffa4b6ca69.jpg (GRAPHIC) — 23KB
- chart-a7c78be635b843c2aae.jpg (GRAPHIC) — 40KB
- chart-cc75be0d7d424c6b968.jpg (GRAPHIC) — 23KB
- 0001818874-24-000004.txt ( ) — 1233KB
- sofi-20240129.xsd (EX-101.SCH) — 2KB
- sofi-20240129_lab.xml (EX-101.LAB) — 23KB
- sofi-20240129_pre.xml (EX-101.PRE) — 12KB
- sofi-20240129_htm.xml (XML) — 3KB
02 Results of Operations and Financial Condition
Item 2.02 Results of Operations and Financial Condition. On January 29, 2024, SoFi Technologies, Inc. issued a press release reporting its financial results for the three months and year ended December 31, 2023. A copy of the press release is attached as Exhibit 99.1 and is incorporated herein by reference. This Exhibit 99.1 is deemed "filed" for purposes of Section 18 of the Securities Exchange Act of 1934, as amended, and is incorporated by reference in all appropriate filings under the Securities Act of 1933, as amended, except for the quotes provided by Anthony Noto, CEO of SoFi Technologies, Inc., and the section entitled "Guidance and Outlook", which shall be "furnished", not "filed".
01 Financial Statements and Exhibits
Item 9.01 Financial Statements and Exhibits. (d) Exhibits Exhibit No. Description 99.1 Press release, dated January 29, 2024 104 Cover Page Interactive Data File (embedded within the inline XBRL document) 1 SIGNATURE Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. SoFi Technologies, Inc. Date: January 29, 2024 By: /s/ Christopher Lapointe Name: Christopher Lapointe Title: Chief Financial Officer