Technology Platform — Tools and Subscriptions Expense
SoFi Technologies, Inc. Technology Platform — Tools and Subscriptions Expense decreased by 33.5% to $6.99M in Q1 2026 compared to the prior quarter. Year-over-year, this metric grew by 1.5%, from $6.89M to $6.99M. Over 3 years (FY 2022 to FY 2025), Technology Platform — Tools and Subscriptions Expense shows an upward trend with a 19.7% CAGR. This is a positive signal — lower values indicate better performance for this metric.
Analysis
How to read this metric
Increasing expenses may signal investment in new capabilities or infrastructure scaling, while excessive growth relative to revenue could indicate inefficient vendor management.
Detailed definition
Reflects the costs of third-party software, cloud infrastructure, and subscription-based tools required to operate the t...
Peer comparison
Similar to IT infrastructure and software subscription costs for technology-driven enterprises.
sofi_segment_technology_platform_tools_and_subscriptions_expenseHistorical Data
| Q1 '22 | Q2 '22 | Q3 '22 | Q4 '22 | Q1 '23 | Q2 '23 | Q3 '23 | Q4 '23 | Q1 '24 | Q2 '24 | Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Value | $5.44M | $5.44M | $5.44M | $5.44M | $6.60M | $6.60M | $6.60M | $6.60M | $6.74M | $6.25M | $7.76M | $7.34M | $6.89M | $10.69M | $9.21M | $10.51M | $6.99M |
| QoQ Change | — | +0.0% | +0.0% | +0.0% | +21.3% | +0.0% | +0.0% | +0.0% | +2.1% | -7.2% | +24.2% | -5.4% | -6.2% | +55.1% | -13.9% | +14.1% | -33.5% |
| YoY Change | — | — | — | — | +21.3% | +21.3% | +21.3% | +21.3% | +2.1% | -5.3% | +17.6% | +11.3% | +2.3% | +71.1% | +18.7% | +43.1% | +1.5% |
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Frequently Asked Questions
- What is SoFi Technologies, Inc.'s technology platform — tools and subscriptions expense?
- SoFi Technologies, Inc. (SOFI) reported technology platform — tools and subscriptions expense of $6.99M in Q1 2026.
- How has SoFi Technologies, Inc.'s technology platform — tools and subscriptions expense changed year-over-year?
- SoFi Technologies, Inc.'s technology platform — tools and subscriptions expense increased by 1.5% year-over-year, from $6.89M to $6.99M.
- What is the long-term trend for SoFi Technologies, Inc.'s technology platform — tools and subscriptions expense?
- Over 3 years (2022 to 2025), SoFi Technologies, Inc.'s technology platform — tools and subscriptions expense has grown at a 19.7% compound annual growth rate (CAGR), from $21.75M to $37.29M.
- What does technology platform — tools and subscriptions expense mean?
- Costs for software, cloud services, and subscriptions used to run the platform.