Sofi Stock Earnings Reports

SoFi reported a very strong start to 2026 with accelerated top-line growth, record originations and expanded profitability. Key financials: adjusted net revenue up 41% YoY to ~$1.1B in Q1, adjusted EBITDA $340M (31% margin), net income $167M, and tangible book value of $9.2B ($7.21 per share, +57% YoY). Management highlighted over $1B of cash revenue in the quarter (~$690M net interest income and ~$390M in interchange, brokerage, technology and fees). Lending originations hit an all-time quarterly record of $12.2B (personal $8.3B, student $2.6B, home $1.2B), with strong demand both for on‑balance-sheet loans and for the loan platform business (new LPB commitments of $3.6B). Credit performance remains healthy with personal loan charge-offs and delinquencies in line or improved versus prior periods. SoFi emphasized product and brand momentum: record member additions (1.1M new members in Q1; 14.7M total), SoFi Plus relaunch driving recurring subscription revenue and cross-sell, and marketing/partnerships (sports, campus tour). Strategic initiatives: launch and minting of SoFiUSD stablecoin and a Mastercard partnership, and rollout of “Big Business Banking” to support fiat and crypto banking on a single regulated platform. Tech platform (SoFi Technology Solutions) saw some churn from a large exiting client but added 13 new revenue-generating clients in Q1; management expects tech revenue to recover and outlined four platform pillars (processing, core/ledger, payment hub, fraud/risk). Capital and liquidity: deposits $40.2B, total assets up, cash ~$3.8B, total capital ratio ~21% (well above regulatory minima). Guidance: Q2 revenue growth ~30% YoY (~$1.115B), adjusted EBITDA margin ~30%, adjusted net income margin ~12–13% (EPS $0.10–$0.11); full-year targets unchanged. Management frames SoFi’s mix of capital-light fee businesses and balance-sheet lending as a durable, diversified model driving compounding growth and strong returns.