SoFi posted a record quarter with $1 billion in revenue, a stronger crypto and payments push, and its stock rose more than 6% in line with guidance, hitting its 2026 growth outlook.
summary
- Adjusted net revenue for the quarter increased 37% year-over-year to $1.013 billion, with net income of $173.5 million.
- SoFiUSD Stablecoin, Lightning Network Payments, and Reactivated Cryptocurrency Trading Underpin Blockchain Strategy.
- Management is targeting membership growth of more than 30% in 2026, adjusted net revenue of $4.66 billion, and net income of $825 million.
SoFi Technologies Inc. reported fourth-quarter revenue of $1 billion for the first time and fourth-quarter net income of $173.5 million, the financial technology company’s ninth consecutive quarter of profitability, the company announced.
Adjusted net revenue rose 37% year over year to $1.013 billion, according to the company’s financial results. Adjusted EBITDA increased 60.6% to $317.6 million, resulting in a profit margin of 31%. The company reported fee-based revenue increased 53% to $443.3 million.
The fintech added a record 1.027 million new members during the quarter, bringing total membership to 13.7 million and added products to 1.6 million. According to the results, financial services products such as SoFi Money, Relay and Invest drove 89% of the business expansion, with segment net revenue increasing 78% to $456.7 million.
SoFi advanced its cryptocurrency and blockchain strategy in the fourth quarter, launching the stablecoin SoFiUSD on a public blockchain for 24/7 payments for enterprises and the resumption of cryptocurrency transactions for consumers. The company also expanded blockchain-enabled cross-border payments via the Bitcoin Lightning Network to more than 30 countries following its partnership with Lightspark.
According to the company, CEO Anthony Noto outlined plans for borrowing and staking options based on pre-2025 announcements.
Management expects total membership growth in 2026 to be at least 30%, with full-year adjusted net revenue of $4.66 billion and adjusted net income of approximately $825 million. Shares rose more than 6% in pre-market trading following the announcement.
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