Filing Flows › SoFi Technologies (SOFI) › Q1 2026
SoFi Technologies (SOFI) Q1 2026 earnings results (first quarter 2026)
10-Q filed May 7, 2026
SoFi Technologies (SOFI) reported revenue of $1.1B for the first quarter 2026 (Q1 2026), +43% from a year earlier and +7% from the quarter before. Operating margin was 18.1%, net earnings $167M (15.2% of revenue).
SoFi Technologies, Q1 2026: revenue $1.1B (+43% year over year), operating margin 18.1%, net earnings $167M, operating cash flow −$2.3B. The chart follows the revenue to costs, profit and cash.
| Q1 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $1.1B | +7% | +43% |
| Operating profit | $200M | +8% | +150% |
| Net earnings | $167M | -4% | +134% |
| Operating cash flow | −$2.3B | — | -10866% |
What changed
Revenue was $1.1B in Q1 2026, up 43% year over year and up 7% from the previous quarter.
Operating profit was $0.20B, a 18.1% margin (up 7.8 points year over year). Of the extra revenue versus Q1 2025, 36% reached operating profit, above the 10% margin then. Total costs grew 30% against revenue growth of 43%. The fastest-growing cost line was Other operating costs (+57%). Net earnings were $0.17B, up 134% year over year. The effective tax rate was 16.4%.
Operating cash flow was −$2.3B. Non-cash charges added back $0.07B of depreciation and amortization and $0.07B of share-based compensation. Working capital and other items used $2.6B. Capital expenditures of $0.07B exceeded it, leaving free cash flow of −$2.4B.
Questions
What was SoFi Technologies' revenue in the first quarter 2026?
SoFi Technologies (SOFI) reported revenue of $1.1B for the first quarter 2026 (Q1 2026), +43% from a year earlier and +7% from the quarter before.
Was SoFi Technologies profitable in the first quarter 2026?
Operating profit was $200M (18.1% of revenue) and net earnings $167M.
Source: SoFi Technologies 10-Q on SEC EDGAR.