SoFi Posts $1B Quarter as Profit Climbs Amid Crypto Expansion
SoFi Technologies has crossed the billion-dollar revenue threshold for the first time, marking a pivotal moment for the U.S.-based fintech lender. The company reported $1.013 billion in adjusted net revenue for Q4, a 37% year-over-year surge, alongside GAAP net income of $173.5 million. This ninth consecutive profitable quarter underscores SoFi's successful transition from heavy investment phases to sustained profitability.
Fee-based revenue jumped 53% to $443.3 million, reflecting reduced reliance on lending income. Adjusted EBITDA soared 60.6% to $317.6 million, with margins expanding to 31%. The Financial Services segment drove 89% of member growth, adding 1.027 million users (35% YoY) to reach 13.7 million total members. Product additions hit a record 1.6 million, signaling strong adoption of SoFi's expanding crypto and financial tools.
