Digital Lending Solutions

credit / rates affecting interest expense

“Corporate borrowing-based interest expense includes interest on our revolving credit facility, as well as interest expense and the amortization of debt discount and debt issuance costs on our convertible notes. (2) The income tax expense recognized in both periods was primarily attributable to the Company’s profitability, partially offset by discrete tax benefits for stock compensation recorded in each quarter.”

SOFI 10-Q

restructuring affecting expense

“As such, these positive and negative non-cash changes in fair value attributable to assumption changes are adjusted out of net income to provide management and financial users with better visibility into the earnings available to finance our operations. (6) Restructuring charges in the 2026 period included employee-related wages, benefits and severance associated with a small reduction in headcount in our Technology Platform segment, which do not reflect expected future operating expenses and are not indicative of our core operating performance.”

SOFI 10-Q

demand / volume

“The increase was primarily attributable to an increase in loans held for sale ($2.4 billion) driven by an increase in personal and home loan originations, and an increase in our loans held for investment ($2.3 billion) which was primarily related to student loan purchases and originations, partially offset by loan sale activity as we continue to experience high demand for our loan products.”

SOFI 10-Q