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In the latest reporting period of Q1'26, the EV/Sales ratio for SOFI reached 16.97. This represents a decrease from the 20.92 recorded in the previous quarter, Q4'25. The data from Q2'23 to Q1'26 reveals a volatile valuation trend, characterized by a significant decline throughout 2023 followed by a sharp recovery peaking at 33.08 in Q3'25. Notably, the metric experienced its lowest point of 9.79 in Q1'24 before trending upward for several quarters. The recent decline from the Q3'25 peak suggests a significant contraction in the revenue multiple as the company enters the 2026 fiscal year.