SoFi Technologies (SOFI) Loans - Loss Allowance (2020 - 2026)
SoFi Technologies (SOFI) reported Loans - Loss Allowance of $50.06 million for Q1 2026, up 18.7% from $42.18 million a year earlier.
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Analysis
SoFi Technologies (SOFI) Loans - Loss Allowance (2020 - 2026) Analysis & Trends
At the end of FY2024, SoFi Technologies posted Loans - Loss Allowance of $44.35 million, down 15.3% from FY2023.
- Loans - Loss Allowance has a four-year compound annual growth rate of 277.2% (FY2020 to FY2024).
- By year, Loans - Loss Allowance came in at $52.39 million in FY2023 (+33.9%), $39.11 million in FY2022 (+455.8%), $7.04 million in FY2021 and $219,000 in FY2020.
- The Q1 2026 figure ranks as the highest quarterly Loans - Loss Allowance since Q4 2023.
- Year over year, Loans - Loss Allowance gained in two of the last five quarters, with growth averaging 1.4%.
- The high point for year-over-year Loans - Loss Allowance in five years was Q4 2022 (growth of 455.8%); the low point was Q4 2024 (a decline of 15.3%).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Loans - Loss Allowance (Qtr) |
|---|---|---|---|---|---|
| 1 | Jpmorgan Chase | 903.97 Bn | 903.97 Bn | - | 26.27 Bn |
| 2 | Bank Of America | 356.92 Bn | -2,019.15 Bn | - | 13.11 Bn |
| 3 | Hsbc Holdings | 296.96 Bn | -1,806.64 Bn | - | - |
| 4 | Morgan Stanley | 285.10 Bn | 285.10 Bn | - | - |
| 5 | Royal Bank Of Canada | 284.66 Bn | -545.38 Bn | - | -5.30 Bn |
| 6 | Goldman Sachs | 266.61 Bn | 266.61 Bn | - | - |
| 7 | Wells Fargo & Company | 250.94 Bn | 250.94 Bn | - | 13.82 Bn |
| 8 | Mitsubishi Ufj Financial | 245.01 Bn | -96.38 Bn | 10.89 Bn | -7.49 Bn |
| 9 | Toronto Dominion Bank | 214.22 Bn | -461.66 Bn | - | -6.07 Bn |
| 10 | SoFi Technologies | 21.51 Bn | 21.51 Bn | - | - |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Mar 31, 2026 | 50.06 Mn |
| Jun 30, 2025 | 45.52 Mn |
| Mar 31, 2025 | 42.18 Mn |
| Dec 31, 2024 | 44.35 Mn |
| Jun 30, 2024 | 49.41 Mn |
| Mar 31, 2024 | 49.09 Mn |
| Dec 31, 2023 | 52.39 Mn |
| Jun 30, 2023 | 39.36 Mn |
| Mar 31, 2023 | 37.09 Mn |
| Dec 31, 2022 | 39.11 Mn |
| Jun 30, 2022 | 21.97 Mn |
| Mar 31, 2022 | 16.50 Mn |
| Dec 31, 2021 | 7.04 Mn |
| Jun 30, 2021 | 691,000.00 |
| Mar 31, 2021 | 171,000.00 |
| Dec 31, 2020 | 219,000.00 |
API Access
SoFi Technologies Loans - Loss Allowance API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=loans-loss-allowance&ticker=SOFI&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "loans-loss-allowance", "ticker": "SOFI", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=loans-loss-allowance&ticker=SOFI&period=max&api_key=YOUR_API_KEY");
const data = await res.json();