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SoFi Technologies, Inc. SOFI Lending — Intercompany Technology Platform Expense

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Other financials

Income statement

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Revenue$1.1B+42.6%
Gross profit$929.2M+46.1%
Net income$166.7M+134%
EPS (diluted)$0.12+100%

Balance sheet

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Cash & equivalents$3.8B+38.5%
Total debt$1.9B-39.0%
Total equity$10.8B+61.9%
Total assets$53.7B+42.2%

Cash flow

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Operating cash flow-$2.3B-10,866%
CapEx$67.6M+28.4%
Free cash flow-$2.4B-7,560%

Valuation

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Market cap$23B+26.2%
Enterprise value$21.15B+8.5%
P/E39.9×+7.4×
P/S5.8×-0.1×

Profitability

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Gross margin83.6%+1.4pp
Net margin14.6%-2.6pp
FCF margin-160.7%-834pp

Returns & leverage

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Return on equity6.6%-1.1pp
Debt / equity0.2×-0.3×
Current ratio0.2×

Where this comes from

Reported directly by SoFi Technologies, Inc. in its filing.

Tagged under the XBRL concept sofi:IntercompanyTechnologyPlatformExpense.

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 lending — intercompany technology platform expense?
SoFi Technologies, Inc. (SOFI) reported lending — intercompany technology platform expense of $612K in Q1 2026.
How has SoFi Technologies, Inc.'s lending — intercompany technology platform expense changed year-over-year?
SoFi Technologies, Inc.'s lending — intercompany technology platform expense increased by 25.2% year-over-year, from $489K to $612K.
What does lending — intercompany technology platform expense mean?
Represents the internal charges allocated to the lending segment for the use of shared technology infrastructure or proprietary platforms owned by other parts of the organization. This reflects the cost of leveraging internal tech stacks for loan processing and management.