SoFi Stock Jumps as Fintech Tops $1 Billion in Quarterly Revenue for First Time

TLDR

• SoFi Technologies reported fourth-quarter revenue of $1.01 billion, up 37% year-over-year, marking the first time quarterly revenue exceeded $1 billion
• The company added 1 million new members in Q4, bringing total members to 13.7 million, a 35% increase from the prior year
• Adjusted earnings per share came in at $0.13, beating analyst estimates of $0.11, while adjusted EBITDA rose 60% to $318 million
• Personal loan originations hit a record $7.5 billion, up 43% year-over-year, and home loan originations nearly doubled to $1.1 billion
• SoFi forecasts 2026 adjusted net revenue of $4.66 billion, above analyst estimates of $4.55 billion, and projects at least 30% compounded annual growth through 2028

SoFi Technologies delivered a blowout fourth quarter that sent shares climbing over 4% in pre-market trading on Friday. The digital financial services company crossed a major milestone, posting quarterly revenue above $1 billion for the first time in its history.

The fintech reported adjusted net revenue of $1.01 billion for the quarter. That’s a 37% jump from the same period last year. Analysts had expected $973.43 million, so SoFi cleared that bar comfortably.

Earnings also impressed. The company posted adjusted earnings per share of $0.13, topping the $0.11 consensus estimate.

SoFi Technologies, Inc., SOFI

Members flocked to the platform in Q4. SoFi added 1 million new members during the quarter, a company record. Total members now stand at 13.7 million, up 35% from a year ago.

Product growth matched the member surge. Total products reached 20.2 million, a 37% increase year-over-year. The cross-selling approach appears to be working.

Record Lending Performance Drives Growth

Personal loans hit record volume in the quarter. SoFi originated $7.5 billion in personal loans, up 43% from the prior year. That’s a strong signal that demand remains healthy.

Home loans saw even more dramatic growth. Originations nearly doubled to $1.1 billion. The mortgage business is clearly gaining steam.

Fee-based revenue reached $443 million, climbing 53% from last year. This revenue stream is becoming increasingly important to the overall mix.

Profitability metrics also improved. Adjusted EBITDA rose 60% to $318 million. That translates to a 31% margin, showing the company can grow while expanding profitability.

Optimistic 2026 Outlook

Management provided guidance that exceeded Wall Street expectations. For the full year 2026, SoFi expects adjusted net revenue of about $4.66 billion. Analysts had been modeling $4.55 billion.

The first quarter outlook came in at $1.04 billion in adjusted net revenue. That lines up with what analysts were expecting.

SoFi also laid out medium-term targets. The company projects at least 30% compounded annual growth in adjusted net revenue from 2025 through 2028.

Earnings growth targets are even higher. Management expects adjusted earnings per share to grow between 38% and 42% over that same period.

The stock has faced some volatility this year. Shares are down about 7% year-to-date despite Friday’s pop. Some investors remain cautious about potential dilution from a recent equity raise.

Options traders are pricing in bigger price swings following the earnings report. That suggests expectations for continued volatility in the near term.

Analysts have been updating their views based on the strong results. They’re weighing the positive earnings beat and optimistic guidance against concerns about share count increases from the capital raise.

The lending platform business continues to generate growing fee income. Some analysts note this revenue remains sensitive to capital markets conditions.

Credit quality and mortgage market conditions will be key factors to watch going forward. SoFi is expecting improvements in both areas to support continued growth.

The company now serves 13.7 million members across 20.2 million products, with Q1 2026 revenue expected to reach $1.04 billion.

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