SoFi Technologies (SOFI) Research & Development (2020 - 2026)
SoFi Technologies (SOFI) recorded quarterly Research & Development of $187.7 million in Q1 2026, up 8.59% quarter-over-quarter from $172.8 million in Q4 2025, and up 20.15% on a YoY basis from $156.2 million in Q1 2025.
SoFi Technologies (SOFI) Research & Development (2020 - 2026) Analysis & Trends
SoFi Technologies' Research & Development history runs 7 years deep, the most recent figure standing at $187.7 million for 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 was $187.7 million for Q1 2026 at SoFi Technologies, up from $172.8 million in the prior quarter.
- In the past five years, Research & Development ranged from a high of $187.7 million in Q1 2026 to a low of $81.9 million in Q1 2022.
- Historically, Research & Development has averaged $135.6 million across 5 years, with a median of $132.2 million in 2024.
- The sharpest annual moves came in 2022 and 2024: Research & Development soared 70.82% in 2022, then rose 4.2% in 2024.
- A 5-year view of Research & Development shows it stood at $113.3 million in 2022, then advanced by 25.19% to $141.8 million in 2023, then advanced by 5.06% to $149.0 million in 2024, then advanced by 16.01% to $172.8 million in 2025, then rose by 8.59% to $187.7 million in 2026.
- The last three Research & Development figures came in at $187.7 million (Q1 2026), $172.8 million (Q4 2025), and $167.1 million (Q3 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | R&D (Qtr) |
|---|---|---|---|---|---|
| 1 | Visa | 548.22 Bn | 535.81 Bn | - | 260.00 Mn |
| 2 | Mastercard | 437.48 Bn | 427.27 Bn | - | - |
| 3 | American Express | 231.87 Bn | 177.83 Bn | 17.43 Bn | 1.59 Bn |
| 4 | Capital One Financial | 125.74 Bn | 49.24 Bn | - | 496.00 Mn |
| 5 | PayPal Holdings | 38.80 Bn | 29.46 Bn | 7.84 Bn | 793.00 Mn |
| 6 | Synchrony Financial | 25.78 Bn | 5.22 Bn | - | 262.00 Mn |
| 7 | Affirm Holdings | 24.65 Bn | 22.93 Bn | 261.64 Mn | - |
| 8 | SoFi Technologies | 22.89 Bn | 19.49 Bn | 929.25 Mn | 187.68 Mn |
| 9 | Ally Financial | 14.15 Bn | 13.70 Bn | 1.98 Bn | - |
| 10 | Credit Acceptance | 6.63 Bn | 6.61 Bn | 562.70 Mn | - |
Historic Data
Download Data| Date | Value |
|---|---|
| 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 |