SoFi Technologies, Inc.
For the period ended Jun 30, 2026. Filed Aug 6, 2026.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Jun 30, 2026 · Filed Aug 6, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Technology Platform Segment
Technology Platform Segment Results of Operations
The following table presents the measure of contribution profit for the Technology Platform segment.
| Three Months EndedJune 30, · 2026 vs 2025 · Six Months EndedJune 30, · 2026 vs 2025 | ||||||||
|---|---|---|---|---|---|---|---|---|
| ($ in thousands) | 2026 | 2025 | $ Change | % Change | 2026 | 2025 | $ Change | % Change |
| Net interest income | $1,022 | $266 | $756 | 284% | $1,377 | $679 | $698 | 103% |
| Noninterest income | 83,483 | 109,567 | (26,084) | (24)% | 158,214 | 212,581 | (54,367) | (26)% |
| Total net revenue | 84,505 | 109,833 | (25,328) | (23)% | 159,591 | 213,260 | (53,669) | (25)% |
| Directly attributable expenses: | ||||||||
| Compensation and benefits | (51,804) | (44,168) | (7,636) | 17% | (97,894) | (88,654) | (9,240) | 10% |
| Product fulfillment | (2,423) | (15,250) | 12,827 | (84)% | (4,950) | (29,212) | 24,262 | (83)% |
| Tools and subscriptions | (8,209) | (10,688) | 2,479 | (23)% | (15,200) | (17,578) | 2,378 | (14)% |
| Professional services | (4,515) | (3,906) | (609) | 16% | (8,826) | (6,576) | (2,250) | 34% |
| Other(1) | (5,782) | (2,626) | (3,156) | 120% | (8,950) | (7,132) | (1,818) | 25% |
| Directly attributable expenses | (72,733) | (76,638) | 3,905 | (5)% | (135,820) | (149,152) | 13,332 | (9)% |
| Contribution profit | $11,772 | $33,195 | $(21,423) | (65)% | $23,771 | $64,108 | $(40,337) | (63)% |
(1)Other expenses are primarily related to travel and occupancy-related costs, advertising and marketing and accounts receivable write-offs.
Net interest income in our Technology Platform segment of $1.0 million and $1.4 million for the three and six months ended June 30, 2026, respectively, and $0.3 million and $0.7 million for the three and six months ended June 30, 2025, respectively, relates to interest income earned on segment cash balances.
Three Months. Noninterest income in our Technology Platform segment decreased by $26.1 million, or 24%, for the three months ended June 30, 2026 compared to the three months ended June 30, 2025. The decrease was primarily attributable to a decline in technology services fees of $39.1 million. These results reflected the exit of a large client who fully transitioned off our platform in 2025. This was partially offset by an increase in intercompany revenue of $9.6 million, primarily attributable to increased usage of technology platform services during the 2026 period by our Financial Services segment as we continue to leverage synergies to enhance our product offerings.
Six Months. Noninterest income in our Technology Platform segment decreased by $54.4 million, or 26%, for the six months ended June 30, 2026 compared to the six months ended June 30, 2025. The decrease was primarily attributable to a decline in technology services fees of $76.3 million. These results reflected the exit of a large client who fully transitioned off our platform in 2025. This was partially offset by an increase in intercompany revenue of $18.2 million, primarily attributable to increased usage of technology platform services during the 2026 period by our Financial Services segment as we continue to leverage synergies to enhance our product offerings.
Three Months. Technology Platform segment directly attributable expenses decreased by $3.9 million, or 5%, for the three months ended June 30, 2026 compared to the three months ended June 30, 2025, primarily attributable to a decrease in product fulfillment costs, primarily related to payment processing network association fees associated with decreased activity on the platform.
Six Months. Technology Platform segment directly attributable expenses decreased by $13.3 million, or 9%, for the six months ended June 30, 2026 compared to the six months ended June 30, 2025, primarily attributable to a decrease in product fulfillment costs, primarily related to payment processing network association fees associated with decreased activity on the platform.
Total Accounts
In the table below, we present the total accounts metric related to our Technology Platform segment:
| June 30, 2026 | June 30, 2025 | Change | % Change | |
|---|---|---|---|---|
| Total accounts | 134,804,238 | 160,046,369 | (25,242,131) | (16)% |
See “Key Business Metrics” and “Business Overview” for further discussion of this measure as it relates to our Technology Platform segment.
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.