Record Quarterly Revenue with 10 Consecutive Quarters of Profit: Growth Accelerates in US Fintech

SoFi Technologies, Inc. (SOFI) reported record first-quarter 2026 revenue of $1.1 billion (approximately KRW 1.4 trillion), a 43% year-over-year increase, and marked its tenth consecutive profitable quarter. Net income was $167 million (about KRW 220 billion), and loan originations grew to $12.2 billion. The company reached all-time highs with 14.7 million members and 22.2 million products offered. Adjusted net revenue rose 41%, and adjusted EBITDA improved to $339.9 million (approximately KRW 440 billion), a 31% margin. Key growth drivers included lending and financial services, its rapidly expanding lending-platform business, the resumption of cryptocurrency investing, the launch of the SoFiUSD stablecoin, and a new “Big Business Banking” service for enterprises.

For second-quarter and full-year 2026, SoFi reaffirmed targets of roughly 30% adjusted net revenue growth, a 30–34% adjusted EBITDA margin, and about an 18% adjusted net income margin—emphasizing simultaneous growth and profitability. Net tangible book value improved to $7.21 per share.

SEC filings show CEO Anthony Noto bought 15,878 shares at $15.73 on May 8 (around $2.5 million), boosting his direct holdings to more than 11.93 million shares, while EVP Kelly Quinn sold shares under a pre-arranged Rule 10b5-1 plan. On May 11, Noto made an additional open-market purchase of 15,545 shares at about $16 each, part of several recent transactions to increase his stake.

SoFiUSD, a U.S. dollar-pegged stablecoin, is fully backed 1:1 by cash held at SoFi Bank, a U.S. national bank. It has been integrated into Mastercard’s global payments network as a settlement medium, laying the groundwork for future card and remittance services. Headquartered in San Francisco, SoFi operates in three segments: student, personal, and mortgage lending; deposit, investment, and card services; and its “Lending-as-a-Service” technology platform. In the U.S. fintech sector, competition with traditional financial institutions is intensifying as digital financial platforms and stablecoin-based payment infrastructures expand amid a high-interest-rate, heavily regulated environment.