SoFi Technologies, Inc.

SoFi is a financial services company that leverages technology to serve people and enterprises. We have had very strong performance thus far through 2026 as growth in members and products reflect the strength of our Financial Services Productivity Loop and the compounding effect it has on our results of operations. Key financial achievements for the three and nine months ended September 30, 2026, include total net revenue of $1.4 billion and $3.7 billion, respectively, up 44% and 43%, respectively, compared to the same periods of 2025. For the three and nine months ended September 30, 2026, net interest income increased 59% and 51%, respectively, compared to the same periods of 2025, as we increased loan originations for our balance sheet. Total fee-based revenue for the three and nine months ended September 30, 2026 reached $570.6 million and $1.4 billion, respectively, compared to $408.7 million and $1.1 billion in the same 2025 periods, driven by loan originations, interchange and brokerage fee revenue, as well as continued strong Loan Platform Business performance. Diluted EPS for the three and nine months ended September 30, 2026 was $0.18 and $0.41, respectively, compared to $0.11 and $0.25 in the same 2025 periods.

The following tables set forth selected financial data:

Total members reached over 17.0 million as of September 30, 2026, a 35% increase from the prior year period, while total products reached nearly 26.7 million as of September 30, 2026, a 44% year-over-year increase.

Lending segment contribution profit was $454.9 million and $1.2 billion for the three and nine months ended September 30, 2026, respectively, at a segment contribution margin of 55% and 56%. This represents a slight improvement compared to the respective 2025 periods, which had a segment contribution margin of 53% and 55%, respectively. Lending segment performance was driven by continued growth in loan originations which drove an increase in loan origination fees and net interest income.

Origination volume for our Lending products was $16.9 billion and $43.9 billion for the three and nine months ended September 30, 2026, respectively, increasing 71% and 69% over the respective 2025 periods. This was a result of continued strong member demand for personal loans, student loans and home loans as well as strong demand from capital markets partners. Overall, we sold or transferred through our Loan Platform Business, more than $5.3 billion and $13.1 billion primarily in personal loans and home loans during the three and nine months ended September 30, 2026, respectively. Continued strong demand from our diverse Loan Platform Business partners has allowed us to meet incremental personal and home loan demand from our members.

Technology Platform segment contribution profit of $14.2 million and $38.0 million for the three and nine months ended September 30, 2026, respectively, decreased 56% and 61% over the respective 2025 periods, and total net revenue of $87.4 million and $247.0 million for the three and nine months ended September 30, 2026, respectively, decreased 24% and 25% over the respective 2025 periods. As of September 30, 2026, Technology Platform total enabled client accounts were 140 million, down from 158 million in the prior year period. These results reflected the exit of a large client that fully transitioned off our platform prior to December 31, 2025.

Within our Financial Services segment, contribution profit of $261.0 million and $669.3 million for the three and nine months ended September 30, 2026, respectively, increased 16% and 19% compared to the respective 2025 periods. Total net revenue of $525.1 million and $1.4 billion for the three and nine months ended September 30, 2026, respectively, increased 25% and 31% over the respective 2025 periods. For the third quarter of 2026, net interest income increased 38% year-over-year, to $281.3 million, primarily driven by growth in consumer deposits. In the third quarter of 2026, noninterest income increased to $243.8 million driven by our Loan Platform Business and increases in interchange fees and brokerage fees. We generated $151.2 million in loan platform fees, driven by $3.8 billion of Loan Platform Business originations, as well as referrals. Additionally, our Loan Platform Business generated $2.2 million in servicing cash flow which is recorded in our Lending segment. In total, our Loan Platform Business added $153.4 million to our consolidated adjusted net revenue across these two segments. We also continued to see healthy growth in interchange fee revenue in the third quarter of 2026, up 77% year-over-year, driven by increased spend across Money and Credit Card. Brokerage fee revenue also continues to see strong growth, increasing 47% year-over-year. These results reflect our successful and ongoing efforts to diversify our revenue mix and generate increased fee-based revenue.

We achieved continued strong growth in member deposits and strong deposit contribution from direct deposit members, ending the period with $51.3 billion of total deposits as of September 30, 2026, allowing us to maintain access to diversified sources of funding. Total deposit funds grew nearly $5.8 billion during the quarter. We continue to provide our members with access to expanded FDIC insurance coverage through a network of participating banks in our Insured Deposit Program, further enhancing the benefits of our offering to our members.

The strength of our results underscores our belief that our suite of differentiated products and services provides the foundation for a diversified business that can endure through market cycles and economic disruptions. For instance, our access to multiple channels of funding, including deposit and loan warehouse funding, provides increased optionality in sourcing liquidity through different environments and periods of capital markets volatility, as well as increases our flexibility to capture additional net interest margin and optimize returns. This typically provides more stable earnings in any macroeconomic environment, but is particularly important during times of macroeconomic volatility.