SoFi Posts 38% Q3 Revenue Growth to $961.6M and $276.9M EBITDA
SoFi’s revenue rose from $250 million in 2018 to a 2025 run-rate of $3.5 billion, while membership grew to 12.6 million users. Q3 net revenue reached $961.6 million (+38% YoY) with $276.9 million adjusted EBITDA (29% margin), financial services revenue up 76% and fee income hitting $216 million.
1. Rapid Scale and Membership Growth
SoFi expanded from $250 million in revenue and 650,000 members in 2018 to a 2025 run-rate of $3.5 billion and 12.6 million members across 18.6 million products, adding 905,000 new members and issuing 1.4 million new products in Q3.
2. Strong Profitability Metrics
The company has delivered eight consecutive quarters of GAAP profitability and maintained a combined growth-plus-EBITDA margin above 40% for 16 straight quarters. In Q3, net revenue climbed 38% year-over-year to $961.6 million, and adjusted EBITDA reached $276.9 million, representing a 29% margin.
3. Diversified Revenue Streams
Financial services now account for 55% of total revenue, with financial services revenue up 76% and fee income doubling to $216 million in Q3, while lending revenue comprises the remaining 45%, reflecting a balanced business mix.
4. Capital Raise and Growth Outlook
A recent $1.5 billion equity offering strengthens SoFi’s capital base, positioning the company to fund further expansion across its banking, fintech and technology services through the Galileo platform.