SoFi Q1 2026 net revenue rises 43% to record $1.1 billion; net income $167 million
SoFi reported first-quarter 2026 results on April 29, 2026, with GAAP net revenue of $1.1 billion, up 43%, and net income of $166.7 million, up 134% from a year earlier. Diluted earnings per share were $0.12, compared with $0.06, and management said it maintains its full-year 2026 outlook, including adjusted net revenue of approximately $4.655 billion and adjusted net income of approximately $825 million. Technology Platform segment revenue fell 27%, which the company attributes to a large client that fully left the platform before December 31, 2025.
Key points
- GAAP net income of $166.7 million, or $0.12 diluted EPS, versus $71.1 million and $0.06 in the first quarter of 2025.
- Adjusted EBITDA of $339.9 million, up 62% year-over-year, at a 31% margin.
- Total loan originations of $12.2 billion, up 68% year-over-year; members reached 14.7 million, up 35%.
- Guidance: second-quarter 2026 adjusted net revenue growth of approximately 30%; full-year 2026 adjusted EBITDA of approximately $1.6 billion and adjusted EPS of approximately 60 cents.
The filing
Written by AI on Nov 9, 2026, 11:43 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on April 29, 2026.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.