SoFi Technologies, Inc. (SOFI) Announced Q1 2026 Earnings on April 29, 2026, Reporting "adjusted net revenue grew 41% to $1.1 billion".

For the first quarter of 2026, SoFi Technologies, Inc. reported that "adjusted net revenue grew 41% to $1.1 billion". Management stated that for the quarter, "adjusted EBITDA was $340 million, up 62% year-over-year" and their "adjusted EBITDA margin for the quarter was 31%". Regarding the first quarter, "Net income in the quarter was $167 million at a margin of 15%" and "Earnings per share were 0.12".TheLendingsegmenthadaparticularlystrongfirstquarter,generating"629 million in adjusted net revenue". The Financial Services segment also delivered impressive quarterly revenue, "up 41% year-over-year to $429 million".During the first quarter, the company "added a record number of new members at 1.1 million new members, increasing total members by 35% year-over-year to 14.7 million". Management noted the effectiveness of their "everything financial services app strategy" and their "ability to build deeper multiproduct relationships with members". This was demonstrated by the fact that "43% of new products opened by existing SoFi members" in the first quarter.

Executives also prioritized "brand building" and noted that "unaided brand awareness rose to an all-time high of 10%" in the quarter.

Regarding products and partnerships, the company noted it "began minting SoFiUSD" and formed an "important partnership with Mastercard to enable SoFiUSD settlement across their global payments network". Management also discussed their "new big business banking offering, which was officially launched earlier this month" and noted they "relaunched SoFi Plus with significantly enhanced benefits" on April 1. Furthermore, the company added "$3.6 billion of new commitments with 3 new partners" to their loan platform business during the quarter, "including a leading global bank, a prominent insurance group and a top 5 global private asset management firm".For the second quarter of 2026, the company expects to deliver "adjusted net revenue growth of approximately 30% from Q2 '25, which would equate to roughly $1.115 billion". Management also anticipates "an adjusted EBITDA margin of approximately 30%, which would equate to roughly $330 million" for the quarter.

Additionally, guidance for the second quarter includes "an adjusted net income margin of approximately 12% to 13%, which equates to roughly $0.10 to $0.11 of EPS". Executives confirmed that their "full year guidance, which remains unchanged" keeps them on track to hit their 2026 targets.