SoFi Logs 41% Revenue Growth, $12.2 B in Loan Originations and 31% EBITDA Margin
SoFi grew net revenue 41% to $1.1 billion in Q1 2026, met the Rule of 40 for the 18th straight quarter with 31% adjusted EBITDA margins and posted record $12.2 billion in loan originations. It launched Big Business Banking and saw 43% of new products opened by existing members, validating cross-selling.
1. Q1 2026 Financial Highlights
SoFi reported net revenue of $1.1 billion, up 41% year-over-year, driven by strength in lending and financial services. Adjusted EBITDA rose to 31% of revenue, marking the 18th consecutive quarter above the Rule of 40, while net income reached $167 million, reflecting sustained profitability.
2. Record Loan Originations and Member Growth
The company originated $12.2 billion in loans, a quarterly record, as total members climbed 35% to 14.7 million and total products per member hit 22.2 million. This scale supports both interest income on the balance sheet and non-cash premiums from seasoned portfolios.
3. Platform and Technology Expansion
SoFi launched its Big Business Banking platform to unify fiat and crypto transactions with faster settlement and rebranded its tech segment as SoFi Technology Solutions. These moves align with a four-pillar strategy—processing, core ledgers, payment hubs and risk/fraud platforms—to drive service diversity.
4. Cross-Sell and Strategic Outlook
Forty-three percent of new product openings came from existing members, reinforcing the ‘everything financial app’ thesis. Management maintained 2026 guidance for ~30% revenue growth, $4.655 billion in net revenue and ~30% adjusted EBITDA margin, citing continued member engagement and product adoption.