SoFi Technologies (SOFI) Research & Development (2020 - 2026)

SoFi Technologies (SOFI) posted quarterly Research & Development of $187.7 million for Q1 2026, up 20.15% year-over-year from $156.2 million in Q1 2025, and up 8.59% on a QoQ basis from $172.8 million in Q4 2025.

SoFi Technologies (SOFI) Research & Development (2020 - 2026) Analysis & Trends

SoFi Technologies (SOFI) has reported Research & Development for 7 consecutive years, with $187.7 million the latest figure, recorded in Q1 2026.

  • In Q1 2026, Research & Development rose 20.15% year-over-year to $187.7 million; the TTM figure through Mar 2026 stood at $679.8 million (up 17.8% YoY), while the FY2025 annual figure was $648.3 million, up 17.5% from the prior year.
  • Research & Development came in at $187.7 million for Q1 2026 at SoFi Technologies, up from $172.8 million in the prior quarter.
  • The five-year high for Research & Development was $187.7 million in Q1 2026, with the low at $81.9 million in Q1 2022.
  • Average Research & Development over 5 years is $135.6 million, with a median of $132.2 million recorded in 2024.
  • Across the five-year window, Research & Development soared 70.82% in 2022 and climbed 4.2% in 2024, its largest moves.
  • Year by year, Research & Development stood at $113.3 million in 2022, then increased by 25.19% to $141.8 million in 2023, then increased by 5.06% to $149.0 million in 2024, then increased by 16.01% to $172.8 million in 2025, then climbed by 8.59% to $187.7 million in 2026.
  • According to Business Quant data, Research & Development over the past three periods registered $187.7 million, $172.8 million, and $167.1 million for Q1 2026, Q4 2025, and Q3 2025 respectively.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) R&D (Qtr)
1 Visa 587.74 Bn 575.34 Bn - 260.00 Mn
2 Mastercard 465.55 Bn 455.34 Bn - -
3 American Express 238.39 Bn 184.35 Bn 17.43 Bn 1.59 Bn
4 PayPal Holdings 40.24 Bn 30.89 Bn 7.84 Bn 793.00 Mn
5 Affirm Holdings 28.27 Bn 26.55 Bn 261.64 Mn -
6 SoFi Technologies 23.54 Bn 20.13 Bn 929.25 Mn 187.68 Mn
7 Ally Financial 14.34 Bn 13.89 Bn 1.98 Bn -
8 Credit Acceptance 7.51 Bn 7.49 Bn 562.70 Mn -
9 FinVolution 6.22 Bn 4.97 Bn 311.24 Mn -20.39 Mn
10 Sezzle 5.91 Bn 5.79 Bn - 4.42 Mn

Historic Data

Download Data
DateValue
Mar 31, 2026 187.68 Mn
Dec 31, 2025 172.84 Mn
Sep 30, 2025 167.14 Mn
Jun 30, 2025 152.15 Mn
Mar 31, 2025 156.21 Mn
Dec 31, 2024 148.99 Mn
Sep 30, 2024 139.71 Mn
Jun 30, 2024 132.17 Mn
Mar 31, 2024 130.92 Mn
Dec 31, 2023 141.82 Mn
Sep 30, 2023 125.70 Mn
Jun 30, 2023 126.85 Mn
Mar 31, 2023 117.06 Mn
Dec 31, 2022 113.28 Mn
Sep 30, 2022 110.70 Mn
Jun 30, 2022 99.37 Mn
Mar 31, 2022 81.91 Mn
Dec 31, 2021 66.32 Mn
Sep 30, 2021 74.43 Mn
Jun 30, 2021 69.39 Mn