SoFi Technologies Inc

Exceptional quarter with strong growth + margins - Q2 2026 adjusted net revenue: $1.2B (+40% YoY) and adjusted EBITDA: $358M (+44% YoY). - Adjusted EBITDA margin: 30% (management highlighted ~31% incremental EBITDA margin), adjusted net income: $160M (13% margin); EPS $0.12 (includes ~$0.05 headwind from a higher-than-expected tax rate). - Cash revenue: $1.2B for the third straight quarter (and $790M net interest income + ~$420M other fee/plat/origination economics).

“Everything app” flywheel accelerating: members, products, cross-buy - Members: 15.8M (+35% YoY) with a record 1.1M new members in the quarter (adding ~the old total every ~7–8 weeks). - Products: 24.4M (+42% YoY) with a record 2.2M new products, and a notable milestone: added twice as many products as members. - Cross-buy surged: 51% of new products opened by existing SoFi members (up from 43% last quarter and 35% in Q2’25, +16pp YoY), plus products-per-member inflection over last 2 quarters.

SoFi Plus & SoFi Coach: key product bets driving monetization - SoFi Plus relaunched in Q2 with enhanced benefits + transitioned to paid subscription model: - After one quarter, 200k+ paid subscribers; annualized revenue > $24M; 85% of Plus users are existing SoFi members. - Management aspiration: 1M SoFi Plus members generating ~$120M annual revenue “a year from now” (stated goal). - SoFi Coach launched in June: - Powered by SoFi Relay-connected data (stated: 12,000 institutions, 6.5B transactions, ~$0.75T balances, >$0.25T in member assets). - Already ~0.5M conversations with >90% positive feedback; >half focus on investing. - Opportunity cited: potentially helps ~65% of Americans over 18 who don’t invest in stocks/ETFs/robo.