SoFi Technologies, Inc. is expected to release its Q2 2026 10-Q filing in the upcoming earnings season. Last quarter: SoFi Technologies reported Q1 2026 net income of $166.7M (+134.4% YoY) driven by strong balance sheet growth, though revenue declined 7.7% and operating cash flow turned sharply negative at -$2.31B.
Drawn from management commentary in the Q1 2026 10-Q:
Net income jumped 134.4% YoY to $166.7M while revenue fell 7.7% to $129.5M, suggesting significant non-operating or one-time gains contributed to profitability, as the net margin reached an unusually high 128.7%.
Total assets grew 42.2% YoY to $53.7B, with cash and equivalents surging 63.1% to $3.4B, reflecting aggressive loan origination and deposit growth consistent with SoFi's banking strategy.
Cost of revenue rose 26.3% YoY to $171.1M, exceeding total reported revenue of $129.5M, and R&D expenses climbed 20.1% to $187.7M, indicating significant investment in product development and technology infrastructure.
Revenue
$129.5M
-7.75% YoY
EPS (Basic)
$0.13
++116.67% YoY
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