Sofi Posts $1B Quarter as Profit Climbs Amid Crypto Expansion

Sofi Technologies reported its first billion-dollar revenue quarter on Friday. This is a significant achievement for the fintech lender based in the United States.

In its latest quarterly results, Sofi Technologies reported sustained profitability as well as strong customer growth. The company reported GAAP net income of $173.5 million for its quarter ended Dec. 31.

This is Sofi’s ninth consecutive profitable quarter. This is a significant achievement for Sofi, as it follows years of heavy investment. Sofi reported a record $1.013 billion in adjusted net revenue for its quarter ended Dec. 31. This represents a year-over-year increase of 37%. Adjusted EBITDA also increased by 60.6% to $317.6 million.

The EBITDA margin also expanded to 31% in its latest quarterly report. Fee-based revenue also increased by 53% year over year to a record $443.3 million. This is an important metric for SoFi, as it shows its progress in reducing its dependence on lending revenue.

Membership Rises as Sofi’s Financial Tools Expand

The company also reported that it added 1.027 million new members. This represents a year-over-year increase of 35%. Its total membership now stands at 13.7 million. In its latest report, the platform reported a record 1.6 million in product additions.

The majority of its growth in membership came from its Financial Services segment. The firm reported that Money, Relay, and Invest accounted for 89% of its total product growth in its Financial Services segment. Its segment’s net revenue also increased by 78% to $456.7 million.

The company also expanded its digital asset business in the fourth quarter. In November, the company became the first chartered US bank to launch consumer crypto trading. The company also launched its stablecoin, SoFi USD, on a public blockchain. 

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The stablecoin is meant to support round-the-clock settlement for its enterprise partners. The company announced its decision in June 2025 to resume spot crypto trading services. 

The services were suspended in 2023 due to regulatory challenges. In July, Sofi’s Chief Executive Officer, Anthony Noto, announced a crypto roadmap. The roadmap includes potential products such as borrowing and staking. 

Sofi Expands Global Blockchain Remittances

However, no launch date was given. In August last year, Sofi partnered with Lightspark to launch blockchain-based international remittances. The remittances use the Bitcoin Lightning Network for international transactions. 

The company converts US dollars to bitcoin in real time before sending the local currency. The remittances initially launched in Mexico. However, the company later expanded services to more than 30 countries. 

The company explained that it was expanding due to growing demand. In the future, the company is projecting that its total membership will grow by at least 30% in 2026. The company is projecting adjusted net revenue of about $4.66 billion. 

Adjusted net income is about $825 million. On Friday, Sofi’s shares went down by more than 5.98% in pre-market trading. The shares were trading at about $22.93, according to Yahoo Finance data.

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