SoFi Q1 2026 Earnings: Net Revenue Reaches $1.1B, Launches SoFiUSD Stablecoin

KuCoinFlash

Release Time: 04/30/2026 05:35:56

Summary

SoFi Technologies reported Q1 2026 net revenue of $1.1 billion, a 41% year-over-year increase, with a net profit of $167 million. The company launched SoFiUSD, a fully reserved dollar-backed stablecoin, as part of its ongoing token launch announcements. SoFi is collaborating with Mastercard to enable stablecoin settlements within global payment networks, in alignment with evolving global crypto regulations.

BlockBeats news, on April 30, according to Businesswire, fintech company SoFi Technologies released its first quarter 2026 financial results, reporting quarterly net revenue of $1.1 billion, a 41% year-over-year increase, and net profit of $167 million, marking its tenth consecutive quarter of GAAP profitability.

SoFi disclosed that it is continuing to advance its digital asset infrastructure, having officially launched the full-reserve USD stablecoin SoFiUSD minting in the first quarter. It is also collaborating with partners such as Mastercard to enable stablecoin settlements within global payment networks. Additionally, SoFi announced the relaunch of its SoFi Plus membership program in April this year, now featuring new benefits including cryptocurrency trading cashback.

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