Quarterly ResultApr 29, 2026, 07:12 AM
SOFI Q1 Revenue $1.1B, Net Income $167M; Members +35%
AI Summary
SoFi Technologies, Inc. reported record financial results for Q1 2026, with GAAP net revenue increasing 43% to $1.1 billion and GAAP net income surging 134% to $166.7 million. The company also achieved record growth in members and products, reaching 14.7 million and 22.2 million respectively. Total loan originations reached a record $12.2 billion, driven by strong performance across all lending segments, while credit quality remained strong. SoFi also advanced its digital asset infrastructure and launched new product innovations, maintaining a positive outlook for Q2 and the full year 2026.
Key Highlights
- SOFI Q1 2026 GAAP net revenue $1.1B, up 43% YoY.
- SOFI Q1 2026 GAAP net income $166.7M, up 134% YoY.
- SOFI Q1 2026 diluted EPS $0.12, up 100% YoY.
- Adjusted EBITDA reached a record $340M, up 62% YoY.
- Total members grew 35% to a record 14.7M.
- Total products increased 39% to a record 22.2M.
- Total loan originations hit a record $12.2B, up 68% YoY.
- Q2 2026 guidance: adjusted net revenue growth ~30%, adjusted EBITDA margin ~30%.