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Earnings analysis · 10-Q

SOFI earnings analysis

Filed May 7, 2026 · Our reading of the company's report

The latest report

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,…

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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.

Read the original on SEC.gov

Where revenue came from

The business segments reported by the company.

Lending 56.1% Financial Services 37.4% Technology Platform 6.6%

Shares of the segments disclosed in this filing, largest first.

Reported figures

Earnings per share
$0.12

What stood out

  • 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.

What to watch

  • 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.

Management's outlook

Management anticipates adjusted net revenue growth of approximately 30% for the full year.

This is our reading of a public filing, not the filing itself. Analysis can contain errors; check the source document for full context.