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SoFi Technologies, Inc. logo

SoFi Technologies, Inc. Income Statement

Revenue, expenses, and profitability over time

SoFi Technologies, Inc. generated $3.9B in trailing twelve-month revenue, up 0.4% year-over-year. Net income was $576.9M with a 14.64% net margin. Diluted EPS is $0.45, which grew 0.0% year-over-year. Based on the Q1 2026 filing.

Total Revenue (TTM)$3.9BGross Profit (TTM)$3.3BNet Income (TTM)$576.9MEps Diluted (TTM)$0.45
Latest FilingQ1 2026
Report Date2026-05-07
Market Cap$21.4B
P/E Ratio37.06
ROE6.6%

Earnings Per Share

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Basic earnings per share$0.32$0.06$0.09$0.12$0.15$0.13
Diluted earnings per share$0.31$0.06$0.08$0.11$0.14$0.12
Weighted-average shares, basic1.1B1.1B1.1B1.2B1.2B1.3B
Weighted-average shares, diluted1.1B1.2B1.2B1.3B1.3B1.4B

Operating Expenses

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
General and administrative$160.9M$156.4M$165.4M$188.4M$194.2M$197.6M
Provision for credit losses$6.9M$5.7M$10M$9.2M$5.4M$8.9M
Research and development$149M$156.2M$152.1M$167.1M$172.8M$187.7M
Selling and marketing$229.3M$238.2M$264.7M$286.9M$305.6M$335.5M
Total operating expenses$667.3M$686.3M$732.7M$803.9M$834.3M$891.9M

Operating Income

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Gross profit$606M$636.2M$704.5M$800.2M$863.4M$929.2M

Income Before Tax

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Income before income taxes$59.9M$79.8M$112.2M$148.6M$185.3M$199.6M

Tax

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Income tax expense-$272.5M$8.7M$14.9M$9.2M$11.8M$32.8M

Other Income & Expense

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Interest expense$273.8M$265.1M$274.6M$306.4M$310.1M$308M
Interest income$55.2M$50.9M$53.5M$61.4M$63M$68.8M
Other income (expense), net$39.7M$41M$48.1M$56.5M$69.1M$76.7M

Net Income

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Net income$332.5M$71.1M$97.3M$139.4M$173.5M$166.7M

Revenue

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Net interest income$470.2M$498.7M$517.8M$585.1M$617.3M$693M
Total interest income$743.9M$763.8M$792.4M$891.6M$927.4M$1B
Total noninterest income$264M$273M$337.1M$376.5M$407.8M$407.4M
Total revenue$734.1M$771.8M$854.9M$961.6M$1B$1.1B

Other

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Comprehensive Income (Loss), Net of Tax, Attributable to Parent$316M$82.3M$98M$145.3M$175M$153M
Crypto Transaction Revenue, Net—$0———$852K
Cost of crypto transaction revenue—$0———$120.7M
Crypto transaction revenue—$0———$121.6M
Provision for credit losses$6.9M$5.7M$10M$9.2M$5.4M$8.9M
Interest and Fee Income, Loans and Leases$688.7M$712.9M$738.9M$830.2M$864.4M$932.2M
Corporate borrowings$12M$11.4M$11.5M$11.6M$11.2M$10.7M
Interest Expense, Deposits$238.6M$225.4M$233.2M$264.9M$290.5M$287.2M
Securitizations and warehouses$23M$28.1M$29.7M$29.8M$8.2M$10.1M
Interest Income (Expense), Operating$470.2M$498.7M$517.8M$585.1M$617.3M$693M
Interest Income Operating$743.9M$763.8M$792.4M$891.6M$927.4M$1B
Interest Income, Other$55.2M$50.9M$53.5M$61.4M$63M$68.8M
Noninterest Expense$667.3M$686.3M$732.7M$803.9M$834.3M$891.9M
Loan origination, sales, securitizations and servicing$72.6M$52.8M$70.9M$65.4M$53.9M$142.2M
Loan platform fees$63.2M$92.8M$127.4M$164.9M$190.9M$138.3M
Total other income$39.7M$41M$48.1M$56.5M$69.1M$76.7M
Revenue from Contract with Customer, Excluding Assessed Tax, Technology Products and Solutions$88.4M$86.4M$90.8M$89.7M$94M$49.4M

Cost of Revenue

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Total cost of revenue$128.2M$135.5M$150.4M$161.4M$161.6M$171.1M
Total interest expense (banking)$238.6M$225.4M$233.2M$264.9M$290.5M$287.2M