SOFI · SoFi Technologies, Inc.

SoFi Technologies delivered exceptional Q1 2026 results, marked by record GAAP net revenue of $1.1 billion, up 43% year-over-year, driven by robust growth across segments. Financial Services net revenue surged 41% to $428.5 million, fueled by 55% higher noninterest income and 31% growth in net interest income from expanding consumer deposits totaling $40.2 billion. Lending segment net revenue jumped 55% to $642.4 million, propelled by 40% higher average loan balances and record originations of $12.2 billion, with standout increases in student loans (2.2x YoY) and home loans (2.4x YoY). Technology Platform revenue declined 27% to $75.1 million due to a major client transition, but the company announced a new unified brand, SoFi Technology Solutions, to bolster enterprise offerings. Adjusted EBITDA reached a record $340 million, up 62%, with a 31% margin, reflecting operational leverage and cost discipline. CEO Anthony Noto highlighted durable growth from innovation, 35% member expansion to 14.7 million, 39% product growth to 22.2 million, and diversification into digital assets like SoFiUSD stablecoin and Big Business Banking. Strong credit performance, with personal loan net charge-offs down 28 basis points YoY, supported attractive returns. Net interest margin improved to 5.94%, aided by lower deposit costs and funding remix savings of $622 million annualized. Tangible book value per share rose 57% YoY to $7.21, underscoring balance sheet strength. These results mark the 18th consecutive quarter exceeding the Rule of 40 (score of 72%), reinforcing SoFi's compounding growth trajectory.