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SoFi Posts First $1 Billion Quarter as Platform Pivot Gains Traction

Management points to rising fee revenue plus new crypto payments tools to support a capital-light model.

Overview

  • Q4 adjusted net revenue reached $1.013 billion with net income of $173.5 million and adjusted EBITDA of about $318 million.
  • Fee-based revenue set a record at roughly $443 million as executives stressed diversification away from rate-sensitive lending.
  • Loan Platform Business generated $194 million in adjusted net revenue for the quarter, putting it on an annualized pace near $775 million.
  • SoFi advanced its blockchain strategy with the SoFiUSD stablecoin for 24/7 settlement, a resumption of consumer crypto trading, and Lightning Network payments expansion in 30+ countries.
  • Guidance calls for at least 30% membership growth in 2026 with about $4.66 billion in adjusted net revenue and roughly $825 million in adjusted net income, and shares rose more than 6% in pre-market trading.