SoFi Technologies, Inc. (SOFI) Earnings History
SoFi Technologies, Inc. - Q1 2026 EarningsBeat
EXECUTIVE SUMMARY
SoFi Technologies reported a strong first quarter with record net revenue and significant growth across its member base and product offerings. The company demonstrated robust financial performance, driven by its diversified business model and strategic focus on innovation, leading to increased profitability and a strengthened balance sheet.
POSITIVE HIGHLIGHTS
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Record GAAP net revenue of $1.1 billion, up 43% year-over-year.
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Record adjusted net revenue of $1.1 billion, up 41% year-over-year.
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Record adjusted EBITDA of $340 million, up 62% year-over-year, with an adjusted EBITDA margin of 31%.
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Member growth up 35% year-over-year to a record 14.7 million members.
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Product growth up 39% year-over-year to a record 22.2 million products, with accelerated cross-buy to 43%.
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Record total loan originations of $12.2 billion, up 68% year-over-year.
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GAAP profitability for the tenth consecutive quarter, with net income of $167 million.
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Tangible book value per share increased 57% year-over-year to $7.21.
positive
CONCERNS & RISKS
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Technology Platform segment net revenue decreased 27% year-over-year to $75.1 million, impacted by a large client transitioning off the platform.
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Contribution margin for the Financial Services segment declined 3 percentage points year-over-year to 46%.
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Contribution margin for the Technology Platform segment decreased to 16% from 30% in the prior year.
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Personal loan annualized charge-off rate increased from 2.80% in the prior quarter to 3.03%.
attention
FINANCIAL METRICS
MARGIN ANALYSIS
Margin expansion indicates improving profitability and operational efficiency. Measured in basis points (bps): 100 bps = 1.0%.
REVENUE BY SEGMENT — Q1 2026 2026
VISUAL OVERVIEW
DETAILED BREAKDOWN
| Segment | Current | Prior Yr | YoY | % Total |
|---|---|---|---|---|
Financial Services | N/A | — | — | — |
Technology Platform | N/A | — | — | — |
Lending | N/A | — | — | — |
| Total Revenue | $0.00M | — | — | 100.0% |
Segment performance shows business unit health and growth drivers.
MANAGEMENT GUIDANCE
FY2026
Q2 2026
Forward-looking guidance is subject to change and does not constitute a guarantee. Actual results may differ materially from these estimates.
EARNINGS CALL —
CALL GUIDANCE — Q1 2026 2026
| Metric | Value | Period | Specificity | vs Prior |
|---|---|---|---|---|
| adjusted_net_revenue | approximately 30% from Q2.25 | Q2 2026 | directional | New |
| adjusted_ebitda_margin | approximately 30% | Q2 2026 | point | New |
| adjusted_net_income_margin | approximately 12 to 13% | Q2 2026 | tight_range | New |
| lending_adjusted_net_revenue_growth | at least 30% | FY2026 | directional | New |
| tech_platform_net_revenue | approximately $325 million | FY2026 | point | New |
| financial_services_adjusted_net_revenue_growth | at least 40% | FY2026 | directional | New |
MACRO STANCE — Q1 2026 2026
- ratesneutralnew
- demand_environmentneutralnew
Q&A SIGNALS — Q1 2026 2026
MANAGEMENT COMMENTARY
Members grew 35% and products increased 39%, with 43% of new products coming from existing members, as more people choose SoFi as their trusted partner for major financial decisions and all the days in between.
Our strategic entry into new areas like digital assets alongside the strong growth in our existing businesses are strengthening and diversifying our platform.
This allows us to keep investing in better products and experiences for our members and clients and powering our compounding growth and strong returns over the long-term.
Commentary excerpts from earnings call transcripts provide management's perspective on performance, strategy, and outlook. Always review full transcripts for complete context.
OPERATIONAL METRICS
Operational metrics provide insight into business drivers and customer engagement beyond traditional financial measures.