SoFi Technologies (NASDAQ:SOFI) reached a major financial turning point in the final months of 2025, reporting its first-ever billion-dollar revenue quarter.
The San Francisco-based digital lender, led by CEO Anthony Noto, benefited from a surge in new members and an aggressive expansion of its financial product suite, solidifying its transition from a niche student-loan refinancer to a full-service banking powerhouse.
The company added a record 1 million new members in the fourth quarter, bringing its total community to 13.7 million—a 35% increase from the previous year.
Product adoption saw even steeper growth, jumping 37% to 20.2 million total products as users increasingly turned to SoFi for investing, savings, and credit card services alongside its core lending business.
Financially, the results exceeded both internal guidance and Wall Street expectations.
Adjusted net revenue hit $1.013 billion, up 37% year-over-year.
The quarter's GAAP net income reached $173.5 million, or $0.13 per diluted share, marking the company’s eighth consecutive quarter of profitability.
SoFi’s operational efficiency was a key highlight, as the firm reported a "Rule of 40" score of 68%.
Record adjusted EBITDA rose 60% to $318 million, yielding a robust 31% margin.
The performance comes as SoFi continues to leverage its bank charter to lower funding costs while scaling its high-margin Technology Platform segment.