SoFi Technologies (SOFI) investor relations material

Executive summary

• Achieved record adjusted net revenue of $1.2 billion in Q2 2026, up 40%–43% year-over-year, with adjusted EBITDA of $358 million (30% margin) and adjusted net income of $160 million (13% margin).

• Added a record 1.1 million new members (up 35% year-over-year to 15.8 million) and 2.2 million new products (up 42% to 24.4 million products); cross-buy reached 51% of new products opened by existing members, up from 35% a year ago.

• Achieved the 19th consecutive quarter exceeding the Rule of 40, with a score of 70.

• Expanded offerings with SoFi Plus (over 200,000 paid subscribers, $24 million annualized revenue), SoFi Coach (nearly 0.5 million conversations, 90%+ positive feedback), small business loans, and a new HELOC experience.

• Eleventh consecutive quarter of profitability, driven by strong fee-based revenue and record loan originations of $14.8 billion.

Financial highlights

• Adjusted net revenue grew 40% year-over-year to $1.2 billion in Q2 2026; adjusted EBITDA was $358 million, up 44% year-over-year, with a 30% margin.

• Adjusted net income reached $160 million (13% margin); adjusted EPS was $0.12, impacted by a higher tax rate.

• Tangible book value rose to $9.5 billion, or $7.34 per share (up 56% year-over-year).

• Lending segment generated record $712 million in adjusted net revenue; total loan originations hit $14.8 billion, including $10.7 billion in personal loans.

• Net interest income for the quarter was $790 million; fee-based revenue reached $472 million, 39% of total revenue.

Outlook and guidance

• Full-year 2026 adjusted net revenue expected at $4.75–$4.85 billion, up 32%–35% year-over-year.

• Adjusted EBITDA guidance maintained at ~$1.6 billion (33%–34% margin); adjusted net income forecast at ~$825 million (17% margin); EPS guidance at $0.60.

• Management expects member growth of at least 30% year-over-year for 2026.

• Long-term target for return on tangible common equity (ROTCE) remains 20%–30%.