SoFi Technologies (NASDAQ:SOFI) reported record-breaking financial results for the first quarter ended March 31, 2026, signaling a powerful acceleration in the adoption of its integrated digital financial platform.
The San Francisco-based company posted adjusted net revenue of $1.1 billion, representing a 41% increase year-over-year and marking a major milestone for the firm as it continues to diversify its revenue streams beyond traditional lending.
The company’s profitability metrics saw even steeper gains during the period.
Adjusted EBITDA rose 62% to a record $340 million, reflecting the operating leverage inherent in SoFi’s "financial services productivity loop."
This strategy, which focuses on cross-selling multiple products to a rapidly expanding member base, helped drive total product growth up 39% to a record 22.2 million products in the quarter.
Member acquisition remained a primary driver of the quarter’s success, with SoFi’s total member base growing 35% year-over-year to a record 14.7 million.
This surge in users directly translated into high transaction volumes, as the company reported record total loan originations of $12.2 billion.