SoFi Achieves Record Loan Originations and Customer Growth in Q1

May 25, 2026 (1 days ago)

Neutral

SoFi Achieves Record Loan Originations and Customer Growth in Q1

SoFi Technologies reported record-breaking loan originations of $12.2 billion and significant customer expansion, reaching 14.7 million total members during the first quarter of 2026.

Record Financial and Operational Growth

SoFi achieved record loan originations of $12.2 billion and reported quarterly revenue of $1.08 billion, exceeding initial expectations.1
The company added 1.1 million new customers in the first quarter, bringing the total member count to 14.7 million, a 35% increase year-over-year.1, 2
Total products utilized by members climbed 39% to 22.2 million, reflecting strong cross-selling success across its financial services ecosystem.1

Profitability and Earnings Performance

Adjusted net revenue increased 41% year-over-year, while adjusted diluted earnings per share doubled compared to the same period last year.2
The company improved its operational efficiency, reporting an adjusted net income margin of 15.3%, up from 9.2% in the year-ago period.2

Technology Platform Challenges

The technology platform segment experienced a 27% revenue decline compared to Q1 2025, primarily driven by the loss of a significant customer.2

Future Financial Guidance

Management provided adjusted net revenue guidance of approximately $1.115 billion and expects earnings per share to range between 10 cents and 11 cents.1
The company maintained its full-year guidance, opting not to raise projections despite the strong quarterly performance.2

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SoFi Achieves Record Loan Originations and Customer Growth in Q1 | Foxly Invest