SAN FRANCISCO — SoFi Technologies posted its first quarterly revenue topping $1 billion in the fourth quarter as cross-selling across lending, deposits and investing pushed members deeper into its platform, the company said.
Adjusted net revenue reached a record $1.013 billion, up 37% from a year earlier, while loan originations climbed to a quarterly high of $10.5 billion, the first time the company exceeded the $10 billion mark. Fee-based revenue rose more than 50% to $443 million, reflecting growth in payments, investing and referral income.
Chief Executive Anthony Noto said the results marked a payoff from years of integrating products into a single digital platform. SoFi, which was founded in 2011, reported it added a record one-million new members in the quarter, lifting total membership to 13.7 million, and added 1.6 million products, bringing the total above 20 million.
“Forty percent of new products opened came from existing members,” Noto said on the earnings call, highlighting deeper engagement among customers. Cross-buying rates increased seven percentage points from a year earlier.
The Specifics
Among the specific performance metrics:
- Lending growth was led by personal loans, with contributions from student and home lending. Management said the platform allows SoFi to either hold loans on its balance sheet or sell them to partners for fee income, depending on market conditions and capital needs.
- Deposits remained central to the strategy. Nearly all deposits now come from customers using SoFi as their primary financial hub, with about 97% enrolled in direct deposit, Noto said. That behavior helped drive higher interchange and brokerage activity.
- For the full year 2025, adjusted net revenue rose 38% to $3.6 billion, while adjusted EBITDA increased 58% to $1.1 billion, according to Chief Financial Officer Chris Lapointe. Financial services and the company’s technology platform were key contributors, he said.
Crypto Becomes Driver
SoFi added that crypto-related products are becoming a material growth driver. The company recently reintroduced consumer crypto trading expanded international payments through SoFi Pay and launched its own U.S. dollar-backed stablecoin, SoFi USD, following regulatory clarification for national banks.
Credit performance remained stable, executives said, with average FICO scores of 746 for personal loan borrowers and 765 for student loan borrowers. For 2026.
