SoFi Technologies (SOFI) Provision for Losses (2021 - 2026)
SoFi Technologies (SOFI) posted Provision for Losses of $13.76 million for Q2 2026, up 37.1% from $10.04 million a year earlier and up 54.6% from the prior quarter.
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Analysis
SoFi Technologies (SOFI) Provision for Losses (2021 - 2026) Analysis & Trends
For the trailing twelve months through Jun 30, 2026, Provision for Losses at SoFi Technologies was $37.26 million, up 30.3% year-over-year; for FY2025, it came in at $30.32 million, down 4.4% from FY2024.
- Annual Provision for Losses shows a four-year compound annual growth rate of 41.5% (FY2021 to FY2025).
- In prior years, SoFi Technologies' Provision for Losses was $31.71 million in FY2024 (-42.3%), $54.95 million in FY2023 (+1.1%), $54.33 million in FY2022 (+617.4%) and $7.57 million in FY2021.
- The Q2 2026 figure stands as the highest quarterly Provision for Losses since Q3 2023.
- On a year-over-year basis, Provision for Losses increased in three of the last eight quarters, with an average decline of 3.1%.
- The strongest year-over-year quarter for Provision for Losses in the past five years was Q3 2022, with growth of 579.8%; the weakest was Q3 2024, with a decline of 72.5%.
- According to Business Quant data, Provision for Losses for the three prior quarters was $8.9 million (Q1 2026), $5.41 million (Q4 2025) and $9.2 million (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Provision for Losses (Qtr) |
|---|---|---|---|---|---|
| 1 | Jpmorgan Chase | 903.97 Bn | 903.97 Bn | - | - |
| 2 | Bank Of America | 356.92 Bn | -2,019.15 Bn | - | 1.40 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 | - | 717.20 Mn |
| 6 | Goldman Sachs | 266.61 Bn | 266.61 Bn | - | - |
| 7 | Wells Fargo & Company | 250.94 Bn | 250.94 Bn | - | 1.03 Bn |
| 8 | Mitsubishi Ufj Financial | 245.01 Bn | -96.38 Bn | 10.89 Bn | - |
| 9 | Toronto Dominion Bank | 214.22 Bn | -461.66 Bn | - | - |
| 10 | SoFi Technologies | 21.51 Bn | 21.51 Bn | - | - |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 13.76 Mn |
| Mar 31, 2026 | 8.90 Mn |
| Dec 31, 2025 | 5.41 Mn |
| Sep 30, 2025 | 9.20 Mn |
| Jun 30, 2025 | 10.04 Mn |
| Mar 31, 2025 | 5.68 Mn |
| Dec 31, 2024 | 6.88 Mn |
| Sep 30, 2024 | 6.01 Mn |
| Jun 30, 2024 | 11.64 Mn |
| Mar 31, 2024 | 7.18 Mn |
| Dec 31, 2023 | 12.09 Mn |
| Sep 30, 2023 | 21.83 Mn |
| Jun 30, 2023 | 12.62 Mn |
| Mar 31, 2023 | 8.41 Mn |
| Dec 31, 2022 | 14.95 Mn |
| Sep 30, 2022 | 16.32 Mn |
| Jun 30, 2022 | 10.10 Mn |
| Mar 31, 2022 | 12.96 Mn |
| Dec 31, 2021 | 4.69 Mn |
| Sep 30, 2021 | 2.40 Mn |
API Access
SoFi Technologies Provision for Losses 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=provision-for-losses&ticker=SOFI&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "provision-for-losses", "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=provision-for-losses&ticker=SOFI&period=max&api_key=YOUR_API_KEY");
const data = await res.json();