SoFi Technologies, Inc.
For the period ended Sep 30, 2026. Filed Nov 5, 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.
Sep 30, 2026 · Filed Nov 5, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Summary Results by Segment
Contribution profit is the primary measure of segment-level profit and loss that, along with our key business metrics, is used by management to evaluate our business, measure our performance, identify trends and make strategic decisions. Contribution profit is defined as total net revenue for each reportable segment less expenses directly attributable to the reportable segment, provision for credit losses and, in the case of our Lending segment, adjusted for fair value adjustments attributable to assumption changes associated with our servicing rights and residual interests classified as debt. See the sections entitled“Consolidated Results of Operations”, “Summary Results by Segment” and “Non-GAAP Financial Measures”for discussion and analysis of these key financial measures.
The following table sets forth selected segment-level data:
| Three Months EndedSeptember 30, · 2026 vs 2025 · Nine Months EndedSeptember 30, · 2026 vs 2025 | ||||||||
|---|---|---|---|---|---|---|---|---|
| ($ in thousands) | 2026 | 2025 | Change | % Change | 2026 | 2025 | Change | % Change |
| Lending | ||||||||
| Total net revenue | $821,345 | $493,382 | $327,963 | 66% | $2,188,563 | $1,350,267 | $838,296 | 62% |
| Directly attributable expenses | (352,436) | (219,808) | (132,628) | 60% | (911,973) | (595,295) | (316,678) | 53% |
| Contribution profit | 454,934 | 261,600 | 193,334 | 74% | 1,236,353 | 745,245 | 491,108 | 66% |
| Technology Platform | ||||||||
| Total net revenue | $87,368 | $114,578 | $(27,210) | (24)% | $246,959 | $327,838 | $(80,879) | (25)% |
| Directly attributable expenses | (73,165) | (82,207) | 9,042 | (11)% | (208,985) | (231,359) | 22,374 | (10)% |
| Contribution profit | 14,203 | 32,371 | (18,168) | (56)% | 37,974 | 96,479 | (58,505) | (61)% |
| Financial Services | ||||||||
| Total net revenue | $525,095 | $419,623 | $105,472 | 25% | $1,419,916 | $1,085,275 | $334,641 | 31% |
| Provision for credit losses | (14,737) | (9,199) | (5,538) | 60% | (37,383) | (24,869) | (12,514) | 50% |
| Directly attributable expenses | (249,344) | (184,867) | (64,477) | 35% | (713,259) | (498,285) | (214,974) | 43% |
| Contribution profit | 261,014 | 225,557 | 35,457 | 16% | 669,274 | 562,121 | 107,153 | 19% |
| Reportable segments total | ||||||||
| Total net revenue | $1,433,808 | $1,027,583 | $406,225 | 40% | $3,855,438 | $2,763,380 | $1,092,058 | 40% |
| Provision for credit losses | (14,737) | (9,199) | (5,538) | 60% | (37,383) | (24,869) | (12,514) | 50% |
| Directly attributable expenses | (674,945) | (486,882) | (188,063) | 39% | (1,834,217) | (1,324,939) | (509,278) | 38% |
| Contribution profit | 730,151 | 519,528 | 210,623 | 41% | 1,943,601 | 1,403,845 | 539,756 | 38% |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.