SoFi hits record revenue and doubles down on crypto

SoFi posts record quarter with $1B revenue, stronger crypto and payments push, and 2026 growth outlook as shares climb over 6% on guidance.

• Q4 adjusted net revenue hit $1.013b, up 37% YoY, with net income at $173.5m.
• SoFiUSD stablecoin, Lightning Network payments, and resumed crypto trading anchor its blockchain strategy.
• Management guides for 30%+ membership growth in 2026 and $4.66b adjusted net revenue with $825m net income.

SoFi Technologies Inc. reported its first billion-dollar revenue quarter and net income of $173.5 million in the fourth quarter, the company announced, marking the financial technology firms ninth consecutive profitable quarter.

Adjusted net revenue reached $1.013 billion, up 37% from the same period last year, according to the companys financial results. Adjusted EBITDA grew 60.6% to $317.6 million, representing a 31% margin. Fee-based revenue surged 53% to $443.3 million, the company reported.

The fintech added a record 1.027 million new members during the quarter, bringing its total membership to 13.7 million, with product additions hitting 1.6 million. Financial Services products, including SoFi Money, Relay, and Invest, drove 89% of the expansion, with segment net revenue rising 78% to $456.7 million, according to the results.

SoFi advanced its cryptocurrency and blockchain strategy in the fourth quarter, launching its stablecoin, SoFiUSD, on a public blockchain for enterprise 24/7 settlement and resuming consumer crypto trading. The company also expanded blockchain-enabled cross-border payments via the Bitcoin Lightning Network in over 30 countries, following its partnership with Lightspark.

Chief Executive Officer Anthony Noto outlined plans for borrowing and staking options, building on earlier 2025 announcements, according to the company.

Management projected total membership growth of at least 30% in 2026, with full-year adjusted net revenue expected at $4.66 billion and adjusted net income around $825 million. Shares rose over 6% in pre-market trading following the announcement.