SoFi Q1 adjusted revenue rises 41%, beats estimates on lending demand

SoFi Technologies

29/04/2026 12:18

Overview

US digital financial services firm's Q1 adjusted net revenue rose 41%, beating analyst expectations

Adjusted EBITDA for Q1 climbed 62% year-over-year to a record high

Company attributes growth to innovation, brand building, and strong demand for lending products

Outlook

SoFi expects Q2 adjusted net revenue growth of about 30% and EBITDA margin of about 30%

Company maintains 2026 outlook for adjusted net revenue of about $4.655 bln and EBITDA of $1.6 bln

SoFi expects 2026 adjusted EPS of about $0.60 and adjusted net income of about $825 mln

Result Drivers

LENDING DEMAND - Record loan originations, especially in personal, student, and home loans, drove revenue growth

MEMBER AND PRODUCT GROWTH - Strong increases in new members and products, with 35% and 39% year-over-year growth, supported results

PRODUCT INNOVATION - New offerings such as digital asset infrastructure and enhanced banking features contributed to growth

Company press release: ID:nBw182syna

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Revenue
$1.10 bln
Q1 Adjusted Revenue
Beat
$1.09 bln
$1.05 bln (19 Analysts)
Q1 EPS
$0.12
Q1 Net Income
$166.73 mln


Analyst Coverage

The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 9 "strong buy" or "buy", 12 "hold" and 4 "sell" or "strong sell"

The average consensus recommendation for the consumer lending peer group is "buy."

Wall Street's median 12-month price target for SoFi Technologies Inc is $22.50, about 22.5% above its April 28 closing price of $18.36

The stock recently traded at 28 times the next 12-month earnings vs. a P/E of 44 three months ago

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)