Allowance for credit losses
SoFi Technologies, Inc. Allowance for credit losses increased by 2.0% to $51.93M in Q1 2026 compared to the prior quarter. Year-over-year, this metric grew by 17.1%, from $44.37M to $51.93M. Over 5 years (FY 2020 to FY 2025), Allowance for credit losses shows an upward trend with a 197.4% CAGR. This increase may warrant attention — for this metric, lower values are generally preferred.
Analysis
How to read this metric
An increase suggests higher expected defaults or a more conservative risk assessment, while a decrease suggests improved borrower creditworthiness.
Detailed definition
A contra-asset account representing the estimated amount of uncollectible loans and receivables within the company's len...
Peer comparison
Standard for financial institutions; peers with higher-risk loan portfolios will typically maintain higher allowance ratios.
bank_allowance_for_credit_lossesHistorical Data
| Q2 '21 | Q3 '21 | Q4 '21 | Q1 '22 | Q2 '22 | Q3 '22 | Q4 '22 | Q1 '23 | Q2 '23 | Q3 '23 | Q4 '23 | Q1 '24 | Q2 '24 | Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Value | $691.00K | $3.00M | $7.04M | $17.87M | $23.18M | $34.37M | $40.79M | $38.94M | $41.23M | $51.92M | $54.70M | $51.31M | $51.91M | $48.42M | $46.68M | $44.37M | $47.84M | $50.63M | $50.93M | $51.93M |
| QoQ Change | — | +334.2% | +134.6% | +153.9% | +29.7% | +48.3% | +18.7% | -4.5% | +5.9% | +25.9% | +5.3% | -6.2% | +1.2% | -6.7% | -3.6% | -5.0% | +7.8% | +5.8% | +0.6% | +2.0% |
| YoY Change | — | — | — | — | >999% | >999% | +479.6% | +117.9% | +77.9% | +51.1% | +34.1% | +31.8% | +25.9% | -6.7% | -14.6% | -13.5% | -7.8% | +4.6% | +9.1% | +17.1% |
Allowance for credit losses at Other Companies
Frequently Asked Questions
- What is SoFi Technologies, Inc.'s allowance for credit losses?
- SoFi Technologies, Inc. (SOFI) reported allowance for credit losses of $51.93M in Q1 2026.
- How has SoFi Technologies, Inc.'s allowance for credit losses changed year-over-year?
- SoFi Technologies, Inc.'s allowance for credit losses increased by 17.1% year-over-year, from $44.37M to $51.93M.
- What is the long-term trend for SoFi Technologies, Inc.'s allowance for credit losses?
- Over 5 years (2020 to 2025), SoFi Technologies, Inc.'s allowance for credit losses has grown at a 197.4% compound annual growth rate (CAGR), from $219.00K to $50.93M.
- What does allowance for credit losses mean?
- The reserve set aside to cover potential losses from loans that may not be repaid.