In Q1'26, SOFI's total operating expenses reached $720.8M USD, with SG&A Expenses comprising the majority at $533.1M USD and R&D Expenses at $187.7M USD, reflecting a continued emphasis on administrative and growth-related spending. Over the period from Q2'23 to Q1'26, total operating expenses exhibited a steady upward trend, rising from $440.8M USD to $720.8M USD, driven primarily by accelerating SG&A Expenses that increased 70% from $314.0M USD to $533.1M USD, while R&D Expenses grew more moderately by 48% from $126.8M USD to $187.7M USD; notable acceleration occurred post-Q1'24, with both categories showing consistent quarterly gains amid the company's expansion.