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
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