What does lending — provision for credit losses mean?

An expense set aside to cover expected losses from loan defaults or non-performing assets within the lending portfolio. This reflects management's assessment of credit risk and the quality of the loan book.

SoFi Technologies, Inc. SOFI Lending — Provision for Credit Losses

Other segment segments

Financial Services

$8.89M+57.7%

Technology Platform

$0—

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CWBCBanking Operations — Provision for Credit Losses

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PBProvision for Credit Losses

$0—

SNAProvision for Credit Losses

$18.3M+0.5%

RITMProvision for Credit Losses

$107K+105%

AFRMProvision for Credit Losses

$196.54M+33.5%

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 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 lending — provision for credit losses?: SoFi Technologies, Inc. (SOFI) reported lending — provision for credit losses of $0 in Q1 2026.
What does lending — provision for credit losses mean?: An expense set aside to cover expected losses from loan defaults or non-performing assets within the lending portfolio. This reflects management's assessment of credit risk and the quality of the loan book.