SoFi Technologies, Inc. is a provider of financial services. Co., through its lending and financial services products, allows members to borrow, save, spend, invest, and protect their money. It operates through three segments: Lending, Technology Platform and Financial Services. The Lending Segment offers personal loans, student loans, home loans and related servicing. Its platform supports the full transaction lifecycle, including credit application, underwriting, approval, funding, and servicing. We show 18 historical shares outstanding datapoints in our SOFI shares outstanding history coverage, used to compute SOFI market cap on those dates.
Understanding the changing numbers of shares outstanding, the changing
share price, and the resulting changing SOFI market cap history over the course of time is important for investors
interested in comparing SOFI's market cap history versus its peers.
Many "beginner" or "novice" investors will look at one stock trading at a price of $10 per share and another trading at
a price of $20 per share and think the latter company is worth twice as much. Of course, that is a completely meaningless comparison without also knowing how many shares outstanding there are for each of the two companies,
and then calculating their respective market caps. Comparing the share price of SOFI versus a peer is one thing; comparing
SOFI market cap versus a peer is a completely different story.
Furthermore, via fluctuation both in per-share price and in the number of shares outstanding (via issuance of new shares over time, the repurchase of existing shares),
the market cap for a company like SOFI can fluctuate over the course of history.
With this page we aim to empower investors researching SOFI by allowing them to research the SOFI market cap history. |
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Video: The Importance of Market Cap
