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| 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 |