What does lending — member incentive expense mean?

Includes costs associated with promotional offers, referral bonuses, or loyalty rewards specifically designed to acquire or retain lending customers. These expenses are directly tied to marketing and member engagement strategies within the lending business.

SoFi Technologies, Inc. SOFI Lending — Member Incentive Expense

Similar metrics at other companies

ONITLending — Other expenses

$1.6M+18.5%

ONITLending — Compensation and benefits

$14.93M+28.7%

NRIMHome Mortgage Lending — Marketing expense

$137K-8.7%

ONITLending — Professional Fees

$525K-4.5%

UCBLending and loan servicing fees

$3.97M-4.7%

ONITLending — Other Nonoperating Income (Expense) Including Gain (Loss) On Extinguishment Of Debt

-$425K-325%

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:MemberIncentiveExpense.

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 — member incentive expense?: SoFi Technologies, Inc. (SOFI) reported lending — member incentive expense of $0 in Q1 2026.
What does lending — member incentive expense mean?: Includes costs associated with promotional offers, referral bonuses, or loyalty rewards specifically designed to acquire or retain lending customers. These expenses are directly tied to marketing and member engagement strategies within the lending business.