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Get filing alertsSoFi reports record Q2: $1.2B revenue (+40% YoY), raises FY guidance to $4.75B–$4.85B
Filed July 29, 2026 · Period ending July 29, 2026 · ~1 min read
Key Changes
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high
Q2 adjusted net revenue hit $1.2B (+40% YoY), adjusted EBITDA $358M (+44%), GAAP net income $156.6M ($0.12 EPS). 19th consecutive quarter meeting Rule of 40 with score of 70 (40% revenue growth + 30% EBITDA margin).
Exhibit 99.1 view on EDGAR → -
high
Raised FY 2026 adjusted net revenue guidance to $4.75B–$4.85B (32%–35% YoY growth). Maintained adjusted EBITDA at ~$1.6B (33%–34% margin), adjusted net income ~$825M (17% margin), adjusted EPS ~$0.60.
Exhibit 99.1 view on EDGAR → -
high
Record $14.8B loan originations (+$2.6B QoQ): $10.7B personal loans (including $3.1B for third parties), $2.7B student loans (record), $1.4B home loans. Personal loan net charge-off rate ~3.7% (down 70 bps QoQ, 80 bps YoY).
Exhibit 99.1 view on EDGAR → -
high
Members grew 35% YoY to 15.8M, products 42% to 24.4M. Added record 2.2M products (first time 2x member adds), products per member hit all-time high 1.54. Cross-buy accelerated to 51% of new products (vs. 35% YoY).
Exhibit 99.1 view on EDGAR → -
medium
Surpassed 200K paid SoFi Plus subscribers post-relaunch; 25% of existing members who signed up added another product. SoFi Coach GenAI guide generated ~500K conversations with 90%+ positive feedback.
Exhibit 99.1 view on EDGAR →
Summary
SoFi delivered a blowout second quarter, posting record adjusted net revenue of $1.2 billion (up 40% year-over-year) and adjusted EBITDA of $358 million (up 44%), with GAAP net income reaching $156.6 million. The company achieved its 19th consecutive quarter meeting the Rule of 40, scoring 70 on the combined metric of revenue growth and EBITDA margin.
Management raised full-year revenue guidance to $4.75 billion to $4.85 billion while maintaining profitability targets, signaling confidence in sustained momentum. Operating metrics showed deepening member engagement: SoFi added a record 2.2 million products in the quarter—the first time product additions were double member additions—driving products per member to an all-time high of 1.54.
Cross-buy accelerated sharply to 51% of new products opened by existing members, up from 35% a year ago. Loan originations hit a record $14.8 billion with strong credit performance (personal loan net charge-offs down 70 basis points quarter-over-quarter to approximately 3.7%). The company surpassed 200,000 paid SoFi Plus subscribers and saw strong early adoption of its GenAI-powered SoFi Coach. The combination of accelerating revenue growth, expanding margins, and improving unit economics positions SoFi as a rare fintech scaling profitably while deepening customer relationships.
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Figures/quotes linked to EDGAR · Narrative written by AI · Jul 30, 2026 · How we verify