SoFi Technologies Inc. delivered a record-breaking fourth-quarter earnings report, marking its first billion-dollar revenue quarter. Adjusted net revenue hit $1.013 billion, up 37% year over year, while net income reached $173.5 million, reflecting the company's ninth consecutive profitable quarter. Adjusted EBITDA climbed 60.6% to $317.6 million, representing a 31% margin. Fee-based revenue surged 53% to $443.3 million, driven by growth in financial services.
Record Membership and Product Expansion
The fintech added a record 1.027 million new members in Q4, bringing total membership to 13.7 million. Product additions reached 1.6 million. Financial services products — including SoFi Money, Relay, and SoFi Invest — accounted for 89% of the expansion, with segment net revenue jumping 78% to $456.7 million.
Crypto and Blockchain Strategy: Stablecoin, Lightning Network, and Resumed Trading
SoFi advanced its cryptocurrency and blockchain initiatives during the quarter. The company launched its stablecoin, SoFiUSD, on a public blockchain for enterprise 24/7 settlement. It also resumed consumer crypto trading, allowing users to buy and sell digital assets. Additionally, SoFi expanded blockchain-enabled cross-border payments via the Bitcoin Lightning Network across more than 30 countries, following its partnership with Lightspark. CEO Anthony Noto outlined plans for borrowing and staking options, building on earlier 2025 announcements.
2026 Outlook: 30%+ Member Growth Target, $825 Million Net Income
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, signaling investor optimism about SoFi's crypto-driven growth trajectory.