SoFi delivered a strong Q1 beat on revenue with accelerating growth in lending and members. The maintained full-year guidance implies back-half deceleration, but the company's execution remains impressive. Watch for continued momentum in loan originations and any updates on the Technology Platform turnaround. The stock may re-rate higher given consistent execution.
Price Chart
Executive Summary
SoFi reported Q1 2026 results with record GAAP net revenue of $1.10B (+43% YoY), $167M net income (+134% YoY), and diluted EPS of $0.12 (in line with consensus). Revenue beat the $1.05B consensus by ~5%. The company maintained its full-year 2026 guidance of ~$4.655B adjusted net revenue and ~$0.60 adjusted EPS. Growth was driven by record loan originations of $12.2B and member growth of 35% YoY to 14.7M.
Key Financial Metrics
Key Facts
- Record GAAP net revenue of $1.10B, up 43% YoY; revenue beat consensus of $1.05B
- GAAP net income of $166.7M, up 134% YoY; diluted EPS $0.12 (in line with $0.12 consensus)
- Adjusted net revenue $1.087B (+41% YoY); Adjusted EBITDA $339.9M (+62% YoY); Adjusted EBITDA margin 31%
- Record total loan originations of $12.2B, up 68% YoY; personal loans $8.3B (+51%), student loans $2.6B (+119%)
- Full-year 2026 guidance maintained: adjusted net revenue ~$4.655B, adjusted EBITDA ~$1.6B, adjusted EPS ~$0.60
- Members reached 14.7M, up 35% YoY; products reached 22.2M, up 39% YoY; cross-buy rate improved to 43%
- Personal loan annualized net charge-offs decreased 28 bps YoY to 3.03%
- Technology Platform segment net revenue declined 27% YoY to $75.1M due to large client transition
Financial Impact
Revenue beat by ~$50M; net income doubled YoY; guidance unchanged with Q2 midpoint implying ~30% growth
Risk Factors
- Technology Platform revenue declining 27% YoY; client concentration risk remains
- Credit normalization – personal loan charge-off rate increased sequentially to 3.03% from 2.80% in Q4
- Guidance maintained implying slower H2 2026 growth; any macroeconomic headwinds could pressure lending volumes
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 6 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0001818874-26-000020 |
| Document: sofi-20260429.htm | 0001818874-26-000020 |
| Document: 0001818874-26-000020-index-headers.html | 0001818874-26-000020 |
| Document: 0001818874-26-000020-index.html | 0001818874-26-000020 |
| Document: 0001818874-26-000020.txt | 0001818874-26-000020 |
| 8-K Data (Synthetic) | 0001818874-26-000020 |
Track record builds as more directional reports settle.
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Sep 15, 2026 16d ago | 144 | $16.84 $16.97 | ▲ +0.77% | ▼ −2.06% | $15.81 (−6.15%) |
Jul 29, 2026 9w ago | 8-K | $15.25 $18.25 | ▲ +19.67% | ▲ +14.14% | $15.81 (+3.64%) |
Jun 24, 2026 14w ago | Insider Cluster | $17.31 $18.44 | ▲ +6.53% | ▲ +4.82% | $15.81 (−8.69%) |
Jun 18, 2026 15w ago | 144 | $17.91 $17.30 | ▼ −3.41% | ▼ −1.74% | $15.81 (−11.75%) |
Jun 17, 2026 15w ago | Insider Cluster | $17.91 $17.30 | ▼ −3.41% | ▼ −1.74% | $15.81 (−11.75%) |
Jun 16, 2026 15w ago | 144 | $17.42 $17.31 | ▼ −0.63% | ▲ +0.41% | $15.81 (−9.27%) |
Jun 11, 2026 16w ago | Institutional Cluster | $16.67 $17.42 | ▲ +4.50% | ▲ +4.07% | $15.81 (−5.19%) |
Jun 10, 2026 16w ago | 144 | $16.67 $17.42 | ▲ +4.50% | ▲ +4.07% | $15.81 (−5.19%) |
May 28, 2026 18w ago | Court Ruling | $16.97 $16.68 | ▼ −1.71% | ▼ −1.66% | $15.81 (−6.87%) |
Apr 29, 2026 22w ago | 8-K | $15.53 $16.02 | ▲ +3.19% | ▲ +0.08% | $15.81 (+1.80%) |
US Market Status
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