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

SoFi Technologies (SOFI) posted quarterly Research & Development of $335.5 million for Q1 2026, up 40.88% year-over-year from $238.2 million in Q1 2025, and up 9.79% quarter-over-quarter from $305.6 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 $335.5 million the latest figure, recorded in Q1 2026.

  • In Q1 2026, Research & Development rose 40.88% year-over-year to $335.5 million; the TTM figure through Mar 2026 stood at $1.2 billion (up 141.06% YoY), while the FY2025 annual figure was $1.1 billion, up 98.52% from the prior year.
  • Research & Development grew to $335.5 million in Q1 2026 per SOFI's latest filing, from $305.6 million in the prior quarter.
  • Across five years, Research & Development topped out at $335.5 million in Q1 2026 and bottomed at -$38.9 million in Q4 2022.
  • Historically, Research & Development has averaged $168.8 million across 5 years, with a median of $167.4 million in 2024.
  • Annual changes were most pronounced in 2022 — Research & Development tumbled 117.9% — and 2025, when it surged 2104.68%.
  • SoFi Technologies' Research & Development stood at -$38.9 million in 2022, then jumped by 549.53% to $174.7 million in 2023, then sank by 108.73% to -$15.2 million in 2024, then soared by 2104.68% to $305.6 million in 2025, then grew by 9.79% to $335.5 million in 2026.
  • Business Quant data shows SOFI's Research & Development at $335.5 million in Q1 2026, $305.6 million in Q4 2025, and $286.9 million in Q3 2025.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) R&D (Qtr)
1 Visa 618.21 Bn 605.85 Bn - 280.00 Mn
2 Mastercard 506.53 Bn 493.04 Bn - -
3 American Express 232.32 Bn 183.00 Bn 17.99 Bn 1.76 Bn
4 Capital One Financial 136.19 Bn 81.48 Bn - 489.00 Mn
5 PayPal Holdings 52.34 Bn 41.08 Bn - 849.00 Mn
6 Eason Technology 35.89 Bn 35.89 Bn - -
7 Synchrony Financial 26.09 Bn 9.90 Bn - 248.00 Mn
8 Affirm Holdings 25.93 Bn 24.20 Bn - 72.85 Mn
9 SoFi Technologies 23.04 Bn 22.68 Bn -41.62 Mn 335.54 Mn
10 Ally Financial 13.61 Bn 5.77 Bn 2.08 Bn -

Historic Data

Download Data
DateValue
Mar 31, 2026 335.54 Mn
Dec 31, 2025 305.61 Mn
Sep 30, 2025 286.88 Mn
Jun 30, 2025 264.74 Mn
Mar 31, 2025 238.18 Mn
Dec 31, 2024 -15.25 Mn
Sep 30, 2024 139.71 Mn
Jun 30, 2024 132.17 Mn
Mar 31, 2024 167.37 Mn
Dec 31, 2023 174.71 Mn
Sep 30, 2023 186.72 Mn
Jun 30, 2023 182.82 Mn
Mar 31, 2023 117.06 Mn
Dec 31, 2022 -38.86 Mn
Sep 30, 2022 110.70 Mn
Jun 30, 2022 143.85 Mn
Mar 31, 2022 138.14 Mn
Dec 31, 2021 217.10 Mn
Sep 30, 2021 74.43 Mn
Jun 30, 2021 69.39 Mn