SOFI earnings analysis
What we found in SOFI's 10-Q: the parts that mattered, the offsets in the same document, and what the company said about what comes next.
Our reading of the filing · Free to read, no account needed
SoFi Technologies reported strong Q1 2026 results, with revenue of $1.1 billion, a 43% year-over-year increase, outperforming estimates by approximately $357 million. EPS also doubled to $0.12, matching expectations, and the company raised its full-year adjusted revenue outlook to around $4.66 billion, projected at 30% growth.
The parts that mattered.
Pulled out of the filing itself, with the figures the company reported.
- Record Revenue Growth
- Total revenue reached $1.1 billion, a 43% increase from $771.8 million in Q1 2025.
- Increased EPS
- Reported EPS was $0.12, doubling from $0.06 in Q1 2025.
- Strong Loan Origination
- Loan origination surged to $12.2 billion, 68% higher than the previous year.
- Significant Member Growth
- Total members grew 35% year-over-year to over 14.7 million.
- Robust Fee-Based Revenue Growth
- Total fee-based revenue expanded by 23%, totaling $386.8 million.
- Enhanced Deposit Levels
- Total deposits rose to $40.2 billion, an increase of 7% quarter-over-quarter.
And the other side of it.
The offsets in the same document — the things a summary that only listed the good news would have left out.
- Increased Credit Losses
- Provision for credit losses increased by 57% to $8.9 million, showing rising risk in lending.
- Decline in Technology Segment Revenue
- Technology Platform revenue fell by 27% to $75.1 million due to loss of a major customer.
- Ongoing Legal and Regulatory Uncertainty
- Management highlighted risks related to legal challenges and shifting regulatory landscapes, impacting future operations.
What they reported.
What the company itself reported, taken out of the document.
- Earnings per share
- $0.12
- Segment
- Lending: $642.4M
- Segment
- Technology Platform: $75.1M
- Segment
- Financial Services: $428.5M
What they said about what is next.
Management anticipates adjusted net revenue growth of approximately 30% for the full year.
The filing reads better than the one before it.
This is our reading of a public filing, not the filing. Read the original on SEC.gov · Educational only. Nothing here is investment advice.
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