SoFi Releases Q1 Financial Report: Net Revenue Reaches $1.1 Billion, Setting a New Record

According to Business Wire, digital financial services company SoFi Technologies has released its financial report for the first quarter of 2026. Adjusted net revenue increased by 41% year-over-year to a record $1.1 billion, with net profit reaching $167 million. Membership grew by 35% year-over-year to 14.7 million, while the number of products increased by 39% to 22.2 million. Total loan origination hit a record $12.2 billion. In the first quarter, SoFi began minting its dollar-backed reserve stablecoin, SoFiUSD, and supported interoperability between digital assets and fiat currency settlements through partnerships such as Mastercard. SoFi also reintroduced SoFi Plus, offering a 1% matching reward for deposits and cryptocurrency purchases.