What does lending — product fulfillment expense mean?

Represents the direct costs incurred to process, underwrite, and finalize loan applications within the lending segment. This includes operational costs associated with moving a loan from initial application to final funding.

SoFi Technologies, Inc. SOFI Lending — Product Fulfillment Expense

Similar metrics at other companies

ONITLending — Other expenses

$1.6M+18.5%

PFSILoan Fulfillment Fees Receivable From Affiliate

$5.74M+8.4%

ONITLending — Professional Fees

$525K-4.5%

OBKLoan-related expense

$895K+49.4%

EQBKLoan-related expense

$498K+286%

CFFILoan-related expense

$873K+27.8%

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:ProductFulfillmentExpense.

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 — product fulfillment expense?: SoFi Technologies, Inc. (SOFI) reported lending — product fulfillment expense of $0 in Q1 2026.
What does lending — product fulfillment expense mean?: Represents the direct costs incurred to process, underwrite, and finalize loan applications within the lending segment. This includes operational costs associated with moving a loan from initial application to final funding.