Companies/SoFi/platform
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Technology Platform (Galileo)

Segment revenue fell 23% to $84.5 million in Q2 2026 after a large client left the platform.

SOFI market data

The numbers

Technology Platform segment GAAP net revenue$84.5 millionQ2 2026 · -23% YoY · source ↗
Technology Platform enabled accounts134.8 millionJun 30, 2026 · -16% YoY · source ↗

What it is

Galileo and related APIs and cloud banking services that let other banks, fintechs and companies run accounts, cards and payments. It is SoFi's business-to-business segment, and its revenue depends on the number of accounts it enables.

Why it matters to the stock. The segment is the main drag on reported revenue growth right now. Account counts and the recovery of client volumes will show whether the business can return to growth.

News

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