Financial Services — Provision for Credit Losses
SoFi Technologies, Inc. Financial Services — Provision for Credit Losses increased by 62.8% to $8.89M in Q1 2026 compared to the prior quarter. Year-over-year, this metric grew by 57.7%, from $5.64M to $8.89M. Over 3 years (FY 2022 to FY 2025), Financial Services — Provision for Credit Losses shows a downward trend with a -17.7% CAGR. This increase may warrant attention — for this metric, lower values are generally preferred.
Analysis
How to read this metric
An increase may signal deteriorating credit quality or a more conservative outlook on the economic environment.
Detailed definition
An expense set aside as an allowance for uncollected loans and credit losses. It represents management's estimate of pot...
Peer comparison
Standard risk metric for all lenders, reflecting the 'Provision for Loan Losses' in banking financial statements.
sofi_segment_financial_services_provision_for_credit_lossesHistorical Data
| 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 | $13.58M | $13.58M | $13.58M | $13.58M | $13.74M | $13.74M | $13.74M | $13.74M | $7.17M | $11.63M | $6.01M | $6.85M | $5.64M | $10.03M | $9.20M | $5.46M | $8.89M |
| QoQ Change | — | +0.0% | +0.0% | +0.0% | +1.1% | +0.0% | +0.0% | +0.0% | -47.8% | +62.4% | -48.4% | +14.0% | -17.7% | +77.9% | -8.3% | -40.6% | +62.8% |
| YoY Change | — | — | — | — | +1.1% | +1.1% | +1.1% | +1.1% | -47.8% | -15.3% | -56.3% | -50.1% | -21.3% | -13.8% | +53.1% | -20.3% | +57.7% |
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Frequently Asked Questions
- What is SoFi Technologies, Inc.'s financial services — provision for credit losses?
- SoFi Technologies, Inc. (SOFI) reported financial services — provision for credit losses of $8.89M in Q1 2026.
- How has SoFi Technologies, Inc.'s financial services — provision for credit losses changed year-over-year?
- SoFi Technologies, Inc.'s financial services — provision for credit losses increased by 57.7% year-over-year, from $5.64M to $8.89M.
- What is the long-term trend for SoFi Technologies, Inc.'s financial services — provision for credit losses?
- Over 3 years (2022 to 2025), SoFi Technologies, Inc.'s financial services — provision for credit losses has grown at a -17.7% compound annual growth rate (CAGR), from $54.33M to $30.33M.
- What does financial services — provision for credit losses mean?
- The amount of money set aside to cover expected losses from bad loans.