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.
Analysis
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 Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | R&D (Qtr) |
|---|---|---|---|---|---|
| 1 | Visa | 680.39 Bn | 668.03 Bn | - | 280.00 Mn |
| 2 | Mastercard | 518.33 Bn | 504.84 Bn | - | - |
| 3 | American Express | 224.91 Bn | 175.59 Bn | 17.99 Bn | 1.76 Bn |
| 4 | Capital One Financial | 132.31 Bn | 77.60 Bn | - | 489.00 Mn |
| 5 | PayPal Holdings | 46.25 Bn | 35.00 Bn | - | 849.00 Mn |
| 6 | Affirm Holdings | 26.22 Bn | 24.59 Bn | - | 92.40 Mn |
| 7 | Synchrony Financial | 25.37 Bn | 9.17 Bn | - | 248.00 Mn |
| 8 | SoFi Technologies | 23.30 Bn | 20.18 Bn | 1.02 Bn | 392.40 Mn |
| 9 | Ally Financial | 12.85 Bn | 5.01 Bn | 2.08 Bn | - |
| 10 | FirstCash Holdings | 9.51 Bn | 9.34 Bn | 533.67 Mn | - |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 392.40 Mn |
| 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 | 229.26 Mn |
| Sep 30, 2024 | 214.90 Mn |
| Jun 30, 2024 | 184.76 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 | 175.15 Mn |
| Dec 31, 2022 | 173.70 Mn |
| Sep 30, 2022 | 162.13 Mn |
| Jun 30, 2022 | 143.85 Mn |
| Mar 31, 2022 | 138.14 Mn |
| Dec 31, 2021 | 129.71 Mn |
| Sep 30, 2021 | 114.99 Mn |