Florida Trader

$SOFI Q1’26 EARNINGS HIGHLIGHTS 🔹 Revenue: $1.10B (Est. $1.05B) 🟢; +43% YoY 🔹 EPS: $0.12 (Est. $0.12) 🟡; +100% YoY 🔹 Adjusted Net Revenue: $1.087B; +41% YoY 🔹 Adjusted EBITDA: $339.9M; +62% YoY 🔹 Members: 14.7M; +35% YoY 🔹 Total Loan Originations: $12.2B; +68% YoY FY Guide: 🔹 Revenue: $4.655B (Est. $4.651B) 🟢 🔹 Adjusted EBITDA: ~$1.6B 🔹 Adjusted EBITDA Margin: ~34% 🔹 Adjusted Net Income: ~$825M 🔹 Adjusted Net Income Margin: ~18% 🔹 Adjusted EPS: ~$0.60 🔹 Members: +30%+ YoY Q2 Guide: 🔹 Adjusted Net Revenue Growth: ~30% 🔹 Adjusted EBITDA Margin: ~30% 🔹 Adjusted Net Income Margin: ~12%-13% Segment Performance: 🔹 Financial Services Revenue: $428.5M; +41% YoY 🔹 Financial Services Contribution Profit: $195.6M; +32% YoY 🔹 Financial Services Contribution Margin: 46% 🔹 Technology Platform Revenue: $75.1M; -27% YoY 🔹 Technology Platform Contribution Profit: $12.0M; -61% YoY 🔹 Technology Platform Contribution Margin: 16% 🔹 Lending Revenue: $642.4M; +55% YoY 🔹 Lending Adjusted Net Revenue: $629.3M; +53% YoY 🔹 Lending Contribution Profit: $382.4M; +60% YoY 🔹 Lending Adjusted Contribution Margin: 61% Other Metrics: 🔹 Total Products: 22.2M; +39% YoY 🔹 New Members Added: 1.1M 🔹 New Products Added: 1.8M 🔹 Cross-Buy: 43% of new products from existing members 🔹 Financial Services Products: 19.3M; +40% YoY 🔹 Lending Products: 2.8M; +33% YoY 🔹 Technology Platform Accounts: 133M; -16% YoY 🔹 Deposits: $40.2B; +$2.7B QoQ 🔹 Net Interest Income: $693.0M; +39% YoY 🔹 Net Interest Margin: 5.94%; +22 bps QoQ 🔹 Fee-Based Revenue: $386.8M; +23% YoY 🔹 Rule Of 40 Score: 72% 🔹 Personal Loan Originations: $8.3B; +51% YoY 🔹 Student Loan Originations: $2.6B; +119% YoY 🔹 Home Loan Originations: $1.2B; +137% YoY Commentary: 🔸 “We had an excellent Q1 delivering another quarter of durable growth and strong returns, fueled by our relentless focus on innovation and brand building.” 🔸 “Members grew 35% and products increased 39%, with 43% of new products coming from existing members, as more people choose SoFi as their trusted partner for major financial decisions and all the days in between.”