SoFi Technologies, Inc. SOFI Financial Services — Provision for Credit Losses
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Where this comes from
Reported directly by SoFi Technologies, Inc. in its filing.
Tagged under the XBRL concept us-gaap:FinancingReceivableExcludingAccruedInterestCreditLossExpenseReversal.
The official record: SoFi Technologies, Inc.’s 10-Q, filed May 7, 2026, on SEC EDGAR. View the filing →
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Questions, answered.
- 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?
- An expense set aside as an allowance for uncollected loans and credit losses. It represents management's estimate of potential future losses on the current loan portfolio based on credit quality and economic conditions.