SoFi Technologies, Inc. Provision for Credit Losses increased by 64.5% to $8.90M in Q1 2026 compared to the prior quarter. Year-over-year, this metric grew by 56.7%, from $5.68M to $8.90M. Over 4 years (FY 2021 to FY 2025), Provision for Credit Losses shows an upward trend with a 41.5% CAGR. This increase may warrant attention — for this metric, lower values are generally preferred.
An increase suggests management expects higher future defaults or a worsening economic environment for borrowers.
The periodic expense recognized in the income statement to maintain an adequate allowance for expected credit losses on...
Standard across financial services as 'Provision for Loan Losses'.
other_financing_receivable_excluding_accrued_interest_cr_cd5946| 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 | $486.00K | $2.40M | $4.69M | $12.96M | $10.10M | $16.32M | $14.95M | $8.41M | $12.62M | $21.83M | $12.09M | $7.18M | $11.64M | $6.01M | $6.88M | $5.68M | $10.04M | $9.20M | $5.41M | $8.90M |
| QoQ Change | — | +394.0% | +95.2% | +176.6% | -22.1% | +61.6% | -8.4% | -43.7% | +50.1% | +73.1% | -44.6% | -40.6% | +62.1% | -48.3% | +14.4% | -17.4% | +76.7% | -8.3% | -41.2% | +64.5% |
| YoY Change | — | — | — | — | >999% | +579.8% | +218.9% | -35.1% | +24.9% | +33.7% | -19.1% | -14.6% | -7.7% | -72.5% | -43.1% | -20.9% | -13.8% | +53.0% | -21.4% | +56.7% |
| Segment | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 |
|---|---|---|---|---|---|
| Financial Services | $5.64M | $10.03M | $9.20M | $5.46M | $8.89M |
| Lending | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 |
| Technology Platform | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 |
| Total | $5.68M | $10.04M | $9.20M | $5.41M | $8.90M |