Discontinued — last reported Q1 '23
Allowance for Doubtful Accounts
SoFi Technologies, Inc. Allowance for Doubtful Accounts decreased by 10.5% to $2.68M in Q1 2026 compared to the prior quarter. Year-over-year, this metric declined by 3.8%, from $2.79M to $2.68M. Over 5 years (FY 2020 to FY 2025), Allowance for Doubtful Accounts shows an upward trend with a 39.8% CAGR. This is a positive signal — lower values indicate better performance for this metric.
Analysis
How to read this metric
An increase suggests rising credit risk or economic stress among the customer base.
Detailed definition
A contra-asset account that represents the estimated portion of accounts receivable that the company does not expect to...
Peer comparison
Standard across all utilities; levels are often influenced by regulatory mandates regarding service disconnection policies.
allowance_for_doubtful_accountsHistorical 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 | $1.23M | $1.96M | $2.29M | $1.65M | $2.72M | $1.79M | $2.79M | $1.65M | $1.94M | $1.58M | $1.84M | $2.11M | $1.51M | $2.65M | $2.44M | $2.79M | $3.18M | $3.12M | $3.00M | $2.68M |
| QoQ Change | — | +59.3% | +17.0% | -27.9% | +64.6% | -34.2% | +55.5% | -40.9% | +17.8% | -18.4% | +16.2% | +14.8% | -28.4% | +75.7% | -7.8% | +14.1% | +13.9% | -1.8% | -3.9% | -10.5% |
| YoY Change | — | — | — | — | +121.1% | -8.6% | +21.5% | -0.4% | -28.8% | -11.7% | -34.0% | +28.2% | -22.1% | +67.7% | +33.0% | +32.2% | +110.6% | +17.7% | +22.7% | -3.8% |
Allowance for Doubtful Accounts at Other Companies
Frequently Asked Questions
- What is SoFi Technologies, Inc.'s allowance for doubtful accounts?
- SoFi Technologies, Inc. (SOFI) reported allowance for doubtful accounts of $2.68M in Q1 2026.
- How has SoFi Technologies, Inc.'s allowance for doubtful accounts changed year-over-year?
- SoFi Technologies, Inc.'s allowance for doubtful accounts decreased by 3.8% year-over-year, from $2.79M to $2.68M.
- What is the long-term trend for SoFi Technologies, Inc.'s allowance for doubtful accounts?
- Over 5 years (2020 to 2025), SoFi Technologies, Inc.'s allowance for doubtful accounts has grown at a 39.8% compound annual growth rate (CAGR), from $562.00K to $3.00M.
- What does allowance for doubtful accounts mean?
- The estimated amount of customer debt that the company expects will not be paid.