SOFI SoFi (SOFI) Q1 FY26 earnings call
SoFi delivered a strong Q1 FY26, marked by accelerating revenue growth and robust profitability, driven by its member-centric innovation and diversified financial services ecosystem. The company highlighted its significant cash revenue generation and the effectiveness of its 'everything financial app' strategy in fostering deeper member relationships and cross-buy. Strategic advancements in its technology platform, including stablecoin initiatives and a new core banking system, are poised to further enhance its competitive position and long-term growth trajectory.
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SOFI operating KPIs by quarter
| KPI | This call Mar 2026 Q1 FY26 | Jun 2026 Q2 FY26 | Change vs prior quarter |
|---|---|---|---|
| Total members | 14.7MIn Q1, we once again 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.Source: earnings call transcript | 15.8MWe added a record 1.1 million new members in Q2, increasing total numbers 35% year-over-year to a total of 15.8 million members.Source: earnings call transcript | +7.5% |
| New member additions | 1.1MIn Q1, we once again 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.Source: earnings call transcript | 1.1MWe added a record 1.1 million new members in Q2, increasing total numbers 35% year-over-year to a total of 15.8 million members.Source: earnings call transcript | 0% |
| New products added | 1.8MWe also added a record 1.8 million new products in Q1, increasing total products by 39% year-over-year.Source: earnings call transcript | 2.2MWe added a record 2.2 million new products in Q2 and increasing total products by 42% year-over-year to 24.4 million products.Source: earnings call transcript | +22.2% |
| Total products | 22.2MWe now have 22.2 million products.Source: earnings call transcript | 24.4MWe added a record 2.2 million new products in Q2 and increasing total products by 42% year-over-year to 24.4 million products.Source: earnings call transcript | +9.9% |
| Total capital ratio | 21%Our total capital ratio of 21% at quarter end is well above the regulatory minimum of 10.5% as well as our additional internal stress buffer.Source: earnings call transcript | 18.8%Our total capital ratio of 18.8% at quarter end is well above the regulatory minimum of 10.5% as well as our additional internal stress buffer.Source: earnings call transcript | -2.2 pt |
Operating figures the company stated on at least two of the calls shown, checked against each call's transcript. Click a figure to read the sentence. A dash means it was not stated that quarter.
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