SoFi Technologies, Inc. SOFI Technology Platform — Provision for Credit Losses

Other segment segments

Financial Services

$8.89M+57.7%

Lending

$0—

Similar metrics at other companies

PBProvision for Credit Losses

$0—

NEWTPayments — Provision for Credit Losses

$0—

WASHBanking — Provision for Credit Losses

$4M+233%

CWBCBanking Operations — Provision for Credit Losses

$938.5K-66.2%

TBBKProvision For Credit Losses On Non Fintech Loans

-$1.35M-254%

UCBProvision for Credit Losses

$10.85M-29.6%

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 technology platform — provision for credit losses?: SoFi Technologies, Inc. (SOFI) reported technology platform — provision for credit losses of $0 in Q1 2026.
What does technology platform — provision for credit losses mean?: An expense set aside to cover potential future losses from loans or credit products managed within the technology platform segment. It reflects management's assessment of credit risk and the expected collectability of the segment's credit-related assets.