Slide 1: Investor Presentation Q1 2026
Investor Presentation Q1 2026 April 2026
Slide 2: Disclaimer
Disclaimer Use of Non-GAAP Financial Measures This presentation includes certain non-GAAP financial measures (including on a forward-looking basis) such as Adjusted Net Revenue, Adjusted EBITDA, Adjusted EBITDA Margin, Adjusted EPS, ROTCE, Adjusted Net Income, Adjusted Net Income Margin, Adjusted No
Slide 3: Highlights Q1 2026
Highlights Q1 2026 Durable Growth and Strong Returns Product Innovation and Brand Building • Record Adjusted Net Revenue of $1.1B (+41% YoY) • Set new records in members and products. Added a record 1.1M new members and 1.8M new products. • Adjusted EBITDA of $340M (31% Adjusted EBITDA Margin) • Dro
Slide 4: Durable Growth & Strong Returns through Continuous Innovation & Brand Building
Delivering Durable Growth & Strong Returns through Continuous Innovation & Brand Building © 2026 Social Finance, Inc. Confidential Information. Do not copy or distribute. Advisory services offer through SoFi Wealth LLC. SoFi Money® is offered through SoFi Securities LLC. SoFi Lending Corp., CFL #605
Slide 5: Continuous Innovation
Continuous Innovation A diversified, digital financial services platform built through a relentless focus on innovation © 2026 Social Finance, Inc. Confidential Information. Do not copy or distribute. Advisory services offer through SoFi Wealth LLC. SoFi Money® is offered through SoFi Securities LLC
Slide 6: Everything App for Digital Financial Services
Everything App for Digital Financial Services The only digital-first platform with a mission-based strategy to help members realize their ambitions Get Your Money Right SoFi has developed a suite of financial products that offers the speed, selection, content and convenience that only an integrated
Slide 7: Brand Building
Brand Building SoFi’s position as a market leader is driving record engagement and scale Unaided Brand Awareness 2026 Accolades 1 2.2x Increase 9.6% 1 0.0% U.S. Bank in Forbes’ World’s Best Banks # 7.2% 1 5.5% JD Power 2026 U.S. Investor Satisfaction 4.5% # Study for DIY Investing 2022 2023 2024 202
Slide 8: Financial Services Productivity Loop (FSPL)
Financial Services Productivity Loop (FSPL) Generating the highest lifetime value of members is a sustainable competitive advantage Financial Services Productivity Loop • Tremendous opportunity with digitally-oriented generations which comprise half of the American population • Brand awareness bring
Slide 9: Rule of 40
Rule of 40 SoFi is built to consistently deliver a unique combination of growth and returns Rule of 40 74 • Consistently exceeded the Rule of 40 for four 73 72 and a half years with an average score of 68 65 67 59% 62 16% 59 60 • Consistent performance through a variety of 55 56 57 53 29% macro envi
Slide 10: Durable Growth & Strong Returns
Durable Growth & Strong Returns Driving 30%+ growth and strong returns by addressing huge opportunities for existing and new businesses Adjusted Net Revenue ($ in millions) (2) Adjusted Earnings Per Share (3) Growth Opportunities 30% CAGR 38% - 42% CAGR 2025 - 2028 2025 - 2028 • Continued strong loa
Slide 11: New Initiatives
New Initiatives SoFi is bringing the strength of a nationally licensed bank to the forefront of digital financial services Big Business SoFi Technology SoFi Crypto SoFi Pay SoFiUSD SoFi Coach Banking Solutions Launched Launched Q4’25 Q4’25 Launched Q4’25 Launched Q4’25 Launched Q4’25 Launched Q4’25
Slide 12: Financial Performance Q1 2026
Financial Performance Q1 2026
Slide 13: Members and Products
Members and Products Strong member and product growth demonstrate the power of innovation and brand-building Members (in thousands) (1) Products (in thousands) (4) CAGR: 38% 1 4,706 CAGR: 37% 22,1 59 1 3,651 20,1 68 1 0,1 27 1 4,745 7,542 1 1 ,1 42 5,223 7,895 2022 2023 2024 2025 1 Q26 2022 2023 202
Slide 14: Durable Growth
Durable Growth SoFi’s diversified business model is built to provide strong growth through different environments Adjusted Net Revenue ($ in millions) (2) Adjusted EBITDA ($ in millions) (6) Adjusted Net Income ($ in millions) (7)* 2026 Guidance 2026 Guidance 2026 Guidance ~$4,655 ~$1,600 ~$825 $3,5
Slide 15: Cash Revenue
Cash Revenue SoFi is consistently generating high-quality cash revenue in line with total revenue Cash Revenue ($ in millions) (8) 102% 105% • Cash revenue has been 95% or more of 99% Adjusted Net Revenue each quarter since the 90% start of 2025 $3,753 • Cash revenue exceeded Adjusted Net Revenue fo
Slide 16: Durable Growth
Durable Growth SoFi’s diversified business model is built to provide strong growth through different environments Adjusted Net Revenue ($ in millions) (2) Fee-Based Revenue ($ in millions) Fee-Based Revenue Mix Tech Platform and Financial Services $1,992 $1,545 57% 63% 64% $1,217 Q1 Q4 $970 Q1 75% 7
Slide 17: Long-Term Approach
Long-Term Approach Continued investment in innovation and brand building will drive long-term growth Adjusted EBITDA Margin (6) • Balancing profitability with significant reinvestment • Proven ability to allocate capital and resources to areas where we see the most 31% attractive opportunities 29% •
Slide 18: Strong Returns
Strong Returns SoFi has delivered 10 consecutive profitable quarters Adjusted Earnings Per Share (3)* Tangible Book Value ($ in millions) (9) ROTCE (10) 2026 Guidance ~$0.60 8.0% 7.6% $9,244 $8,908 3.9% $0.39 (2.8)% $0.15 $0.12 $4,894 $(0.10) $3,521 $3,245 (11.1)% $(0.40) 2022 2023 2024 2025 1Q26 20
Slide 19: Financial Services Segment
Financial Services Segment Financial Services has driven 41% net revenue growth year-over-year, at strong margins Net Revenue ($ in millions) Contribution Margin and Profit ($ in millions) 41% net revenue year-over-year growth 55% noninterest income year-over-year growth 31% net interest income year
Slide 20: SoFi Lending Platform Capabilities
SoFi Lending Platform Capabilities Diversified lending capabilities serve more members while maximizing returns Scope • SoFi’s Lending Platform provides Economic Lending Balance Sheet P S H C optionality to hold loans on the balance SoFi Model Members Loans that fit our risk and return profile are r
Slide 21: Capital Markets Activity
Capital Markets Activity Regular loan sales and securitizations help manage the balance sheet Personal Loans • We executed $3.8 billion of personal and 110% home loan sales, inclusive of LPB in Q1 2026 • Consistent execution above the fair value marks of loans held on the balance sheet 108% 106.6% 1
Slide 22: Lending Segment
Lending Segment Lending has delivered strong growth at a very attractive contribution margin Adjusted Net Revenue ($ in millions) (2) Contribution Margin and Profit ($ in millions) 53% year-over-year growth 61% 58% 55% 54% 56% $629 $129 $481 $486 $447 $412 $53 $42 $74 $52 $382 $500 $262 $272 $428 $4
Slide 23: Lending Originations
Lending Originations Continued opportunity to drive strong originations across loan types Personal Loans ($ in millions) Student Loans ($ in millions) Home Loans ($ in millions) $27,496 $5,538 $3,389 $3,781 $17,615 $21,959 $13,801 $2,630 $1,820 $2,246 $2,614 $9,774 $14,336 $8,340 $10,850 $966 $998 $
Slide 24: Consistent Credit Performance
Consistent Credit Performance Consistent credit performance reflects strong underwriting capabilities and borrowers Net Charge-Offs (NCOs) • Time-tested credit model, underwriting to 5.4% borrower cash flow, supported by efficient 5.0% digital data collection 4.9% 4.8% 4.5% 4.4% 4.4% • Personal Loan
Slide 25: Personal Loan Credit Performance
Personal Loan Credit Performance Recent vintages continue to outperform prior vintages As of Q4’25 As of Q1’26 At 43% remaining unpaid principal, NCL is 3.94% for Q4’22-Q2’25 vintages vs. At 36% remaining unpaid principal, NCL is 4.64% for Q4’22-Q2’25 vintages vs. 5.53% for 2017 as of December 2025
Slide 26: Personal Loan Credit Performance
Personal Loan Credit Performance Performance is trending better than our underwriting tolerance Q1'20 - Q4'25 Origination & NCL Analysis Total Originations Q1'20 - Q4'25 $75.3B Remaining UPB on Total Originations Of the $75.3B of Q1’20-Q4’25 principal originated, 39% $29.3B remains outstanding Q1'20
Slide 27: Technology Platform Segment
Technology Platform Segment The Tech Platform gives clients the ability to create, launch, and run digital financial products In 2026, we will be launching a new, unified brand, SoFi Technology Solutions, offering enterprise clients products and services across a total of four platform businesses Pr
Slide 28: Funding and Net Interest Margin
Funding and Net Interest Margin SoFi’s strong member-driven funding base supports a stable net interest margin Funding Base Net Interest Margin • Since acquiring a bank license in 2022, we’ve grown deposits to over $40B 5% 4% 11% • ~96% deposit funded 22% • Vast majority of deposits coming from dura
Slide 29: Capital Ratios
Capital Ratios SoFi maintains strong levels of capital well above regulatory minimums SoFi Technologies as of Q1 2026 Required ($ in thousands) Amount (12) Ratio (12) Minimum(13) CET1 risk-based capital $8,830,430 21.1% 7.0% Tier 1 risk-based capital $8,830,430 21.1% 8.5% Total risk-based capital $8
Slide 30: Guidance
Guidance FY 2026 and Q2’26 $ in millions, except per share amounts 2025 Actual FY 2026 Guidance YoY Growth (%) Adjusted net revenue (2) $3,591 ~$4,655 30% Adjusted EBITDA (6) $1,054 ~$1,600 52% Implied adj. EBITDA margin (6) 29% 34% Net Income $481 ~$825 72% Implied net income margin 13% 18% Diluted
Slide 31: Financial Supplement
Financial Supplement
Slide 32: Company Metrics
Company Metrics FY 2024 FY 2025 FY 2026 (in 000’s) Q1’24 Q2’24 Q3’24 Q4’24 Q1’25 Q2’25 Q3’25 Q4’25 Q1’26 Company Metrics Members (1) 8,132 8,774 9,373 10,127 10,916 11,746 12,642 13,651 14,706 QoQ % 7.8 % 7.9 % 6.8 % 8.1 % 7.8 % 7.6 % 7.6 % 8.0 % 7.7 % YoY % 43.8 % 40.6 % 34.7 % 34.3 % 34.2 % 33.9 %
Slide 33: Segment Financials
Segment Financials FY 2024 FY 2025 FY 2026 (in 000’s) Q1’24 Q2’24 Q3’24 Q4’24 Q1’25 Q2’25 Q3’25 Q4’25 Q1’26 Lending Segment Student Loan Originations $ 751,680 $ 736,518 $ 943,584 $ 1,348,970 $ 1,191,463 $ 993,326 $ 1,491,724 $ 1,861,421 $ 2,613,708 Personal Loan Originations 3,278,882 4,192,114 4,8
Slide 34: Segment Financials
Segment Financials Full Year (in 000’s) 2022 2023 2024 2025 Lending Segment Student Loan Originations $ 2,245,499 $ 2,630,040 $ 3,780,752 $ 5,537,934 Personal Loan Originations 9,773,705 13,801,065 17,614,985 27,495,534 Home Loan Originations 966,177 997,492 1,820,213 3,388,995 Total Originations $
Slide 35: Segment Financials
Segment Financials FY 2024 FY 2025 FY 2026 (in 000’s) Q1’24 Q2’24 Q3’24 Q4’24 Q1’25 Q2’25 Q3’25 Q4’25 Q1’26 Lending Segment Net interest income $ 266,536 $ 279,212 $ 316,268 $ 345,210 $ 360,621 $ 372,675 $ 427,973 $ 444,763 $ 500,231 Total noninterest income 63,940 61,493 79,977 72,586 52,752 70,837
Slide 36: Segment Financials
Segment Financials Full Year (in 000’s) 2022 2023 2024 2025 Lending Segment Net interest income $ 531,480 $ 960,773 $ 1,207,226 $ 1,606,032 Total noninterest income 608,511 409,848 277,996 242,917 Total net revenue 1,139,991 1,370,621 1,485,222 1,848,949 Adjusted net revenue - Lending (Non-GAAP) (2)
Slide 37: Net Interest Margin Components
Net Interest Margin Components FY 2024 FY 2025 FY 2026 (in 000’s) Q1’24 Q2’24 Q3’24 Q4’24 Q1’25 Q2’25 Q3’25 Q4’25 Q1’26 Average Balances Total interest-earning assets $ 27,428,608 $ 28,484,764 $ 30,779,049 $ 31,670,474 $ 33,647,318 $ 35,420,276 $ 39,728,007 $ 42,781,269 $ 47,321,417 Interest-bearing
Slide 38: Fair Value of Loans
Fair Value of Loans FY 2024 FY 2025 FY 2026 (in 000’s) Q1’24 Q2’24 Q3’24 Q4’24 Q1’25 Q2’25 Q3’24 Q4’25 Q1’26 Personal Loans Unpaid principal $ 14,332,874 $ 15,040,190 $ 16,199,604 $ 16,589,623 $ 16,825,564 $ 18,416,674 $ 19,456,198 $ 20,243,217 $ 22,317,947 Accumulated interest 116,366 111,308 118,1
Slide 39: 90+ Day Delinquencies
90+ Day Delinquencies FY 2024 FY 2025 FY 2026 (in 000’s) Q1’24 Q2’24 Q3’24 Q4’24 Q1’25 Q2’25 Q3’25 Q4’25 Q1’26 Personal Loans Total Unpaid principal $ 14,332,874 $ 15,040,190 $ 16,199,604 $ 16,589,623 $ 16,825,564 $ 18,416,674 $ 19,456,198 $ 20,243,217 $ 22,317,947 Unpaid principal 90+ day DQ 102,58
Slide 40: Select Balance Sheet Information
Select Balance Sheet Information Assets Liabilities and Equity $ in thousands Q1'26 Q1'26 Cash & cash equivalents $ 3,401,020 Revolving credit facility $ 486,000 Restricted cash & cash equivalents 360,231 Personal loan warehouse facilities — Investment Securities 3,231,227 Student loan warehouse fac
Slide 41: Non-GAAP Financial Measures & Reconciliations
Non-GAAP Financial Measures & Reconciliations FY 2024 FY 2025 FY 2026 (in 000’s) Q1’24 Q2’24 Q3’24 Q4’24 Q1’25 Q2’25 Q3’25 Q4’25 Q1’26 Net Revenue (GAAP) $ 644,995 $ 598,618 $ 697,121 $ 734,125 $ 771,759 $ 854,944 $ 961,600 $ 1,025,051 $ 1,100,368 Servicing rights - changes in FMV (16) (5,226) (1,65
Slide 42: Non-GAAP Financial Measures & Reconciliations
Non-GAAP Financial Measures & Reconciliations Full Year (in 000’s) 2022 2023 2024 2025 Net Revenue (GAAP) $ 1,573,535 $ 2,122,789 $ 2,674,859 $ 3,613,354 Servicing rights - changes in FMV(16) (39,651) (34,700) (6,280) (22,013) Residual interests classified as debt - changes in FMV (17) 6,608 425 108
Slide 43: Non-GAAP Financial Measures & Reconciliations
Non-GAAP Financial Measures & Reconciliations FY 2024 FY 2025 FY 2026 (in 000’s) Q1’24 Q2’24 Q3’24 Q4’24 Q1’25 Q2’25 Q3’25 Q4’25 Q1’26 Non-GAAP Reconciliations Net Revenue (GAAP) $ 644,995 $ 598,618 $ 697,121 $ 734,125 $ 771,759 $ 854,944 $ 961,600 $ 1,025,051 $ 1,100,368 Servicing rights - changes
Slide 44: Non-GAAP Financial Measures & Reconciliations
Non-GAAP Financial Measures & Reconciliations Full Year (in 000’s) 2022 2023 2024 2025 Non-GAAP Reconciliations Net Revenue (GAAP) $ 1,573,535 $ 2,122,789 $ 2,674,859 $ 3,613,354 Servicing rights - changes in FMV (16) (39,651) (34,700) (6,280) (22,013) Residual interests classified as debt - changes
Slide 45: Non-GAAP Financial Measures & Reconciliations
Non-GAAP Financial Measures & Reconciliations FY 2024 FY 2025 FY 2026 (in 000’s) Q1’24 Q2’24 Q3’24 Q4’24 Q1’25 Q2’25 Q3’25 Q4’25 Q1’26 Non-GAAP Reconciliations Net Revenue - Lending (GAAP) $ 330,476 $ 340,705 $ 396,245 $ 417,796 $ 413,373 $ 443,512 $ 493,382 $ 498,682 $ 642,420 Servicing rights - ch
Slide 46: Non-GAAP Financial Measures & Reconciliations
Non-GAAP Financial Measures & Reconciliations FY 2024 FY 2025 FY 2026 (in 000’s) Q1’24 Q2’24 Q3’24 Q4’24 Q1’25 Q2’25 Q3’25 Q4’25 Q1’26 Non-GAAP Reconciliations Net Income (Loss) (GAAP) $ 88,043 $ 17,404 $ 60,745 $ 332,473 $ 71,116 $ 97,263 $ 139,392 $ 173,549 $ 166,731 Income tax benefit from releas
Slide 47: Non-GAAP Financial Measures & Reconciliations
Non-GAAP Financial Measures & Reconciliations Full Year (in 000’s) 2022 2023 2024 2025 Non-GAAP Reconciliations Net Income (Loss) (GAAP) $ (320,407) $ (300,742) $ 498,665 $ 481,320 Income tax benefit from release of tax valuation allowance — — (258,401) — Income tax benefit from restructuring — — (1
Slide 48: Non-GAAP Financial Measures & Reconciliations
Non-GAAP Financial Measures & Reconciliations FY 2024 FY 2025 FY 2026 (in 000’s, except per share amounts) Q1’24 Q2’24 Q3’24 Q4’24 Q1’25 Q2’25 Q3’25 Q4’25 Q1’26 Non-GAAP Reconciliations Numerator: Net income (loss) attributable to common stockholders — diluted (GAAP) $ 22,523 $ 7,954 $ 58,059 $ 332,
Slide 49: Non-GAAP Financial Measures & Reconciliations
Non-GAAP Financial Measures & Reconciliations Full Year (in 000’s, except per share amounts) 2022 2023 2024 2025 Non-GAAP Reconciliations Numerator: Net income (loss) attributable to common stockholders — diluted (GAAP) $ (360,832) $ (341,167) $ 434,776 $ 482,700 Non-GAAP adjustments: Income tax ben
Slide 50: Non-GAAP Financial Measures & Reconciliations
Non-GAAP Financial Measures & Reconciliations Full Year FY 2025 FY 2026 (in 000’s, except per share amounts) 2022 2023 2024 2025 Q1’25 Q2’25 Q3’25 Q4’25 Q1’26 Non-GAAP Reconciliations Numerator: Net income (loss) attributable to common stockholders — diluted (GAAP) $ (360,832) $ (341,167) $ 434,776
Slide 51: Non-GAAP Financial Measures & Reconciliations
Non-GAAP Financial Measures & Reconciliations FY 2024 FY 2025 FY 2026 (in 000’s, except per share data) Q1’24 Q2’24 Q3’24 Q4’24 Q1’25 Q2’25 Q3’25 Q4’25 Q1’26 Non-GAAP Reconciliations Total permanent equity (GAAP) $ 5,825,605 $ 5,901,494 $ 6,121,481 $ 6,525,134 $ 6,678,514 $ 6,860,580 $ 8,779,963 $ 1
Slide 52: Non-GAAP Financial Measures & Reconciliations
Non-GAAP Financial Measures & Reconciliations Full Year FY 2025 FY 2026 (in 000’s) 2021 2022 2023 2024 2025 Q1’25 Q1’26 Non-GAAP Reconciliations Total net revenue (GAAP) $ 984,872 $ 1,573,535 $ 2,122,789 $ 2,674,859 $ 3,613,354 $ 771,759 $ 1,100,368 Non-GAAP Adjustments: Net interest income 13,865 2
Slide 53: Footnotes to Financial Statements
Footnotes to Financial Statements
Slide 54: Footnotes
Footnotes (1) We refer to our customers as “members”. We define a member as someone who has a lending relationship with us through origination and/or ongoing servicing, opened a financial services account, linked an external account to our platform, or signed up for our credit score monitoring servi
Slide 55: Footnotes
Footnotes (6) Adjusted EBITDA, adjusted EBITDA margin, and incremental adjusted EBITDA margin are non-GAAP measures. Adjusted EBITDA is defined as net income (loss), adjusted to exclude, as applicable: (i) corporate borrowing- based interest expense (our adjusted EBITDA measure is not adjusted for w
Slide 56: Footnotes
Footnotes (17) Reflects changes in fair value inputs and assumptions on residual interests classified as debt, including conditional prepayment, default rates and discount rates. When third parties finance our consolidated securitization variable interest entities by purchasing residual interests, w