SoFi reported a milestone fourth quarter in which adjusted net revenue reached $1.013 billion, representing a 37% year-over-year increase and marking the company’s first billion-dollar quarter. Net income rose to $174 million, while adjusted earnings per share of $0.13 surpassed consensus by roughly 18%. These results propelled pre-market gains of over 5%, underscoring investors’ positive reaction to the company’s growing scale and profitability.

During the quarter, SoFi added 1.0 million new members, lifting total membership to 13.7 million—a 35% increase from the prior year. Product engagement also surged, with record quarterly additions of 1.6 million new products, bringing the overall product count to 20.2 million. Notably, 40% of these new product openings came from existing members, highlighting the success of SoFi’s cross-sell strategy in deepening customer relationships.

Fee-based revenue climbed 53% to $443 million, driven by loan platform fees, interchange income and brokerage services. Adjusted EBITDA rose 60% year-over-year to $318 million, yielding a 31% margin. Management emphasized that nearly 97% of deposits are funded by direct-deposit customers, reinforcing SoFi’s shift toward predictable, capital-light revenue streams and supporting sustainable margin expansion.

SoFi closed the quarter with $3.2 billion in capital raised over the past two quarters, prompting investor discussions around dilution and deployment strategies. In response to strong performance, the company raised full-year 2026 guidance to approximately $4.655 billion in adjusted net revenue and $1.6 billion in adjusted EBITDA, both of which exceed prior analyst estimates. For the first quarter of 2026, SoFi projects adjusted net revenue near $1.04 billion, in line with market expectations and reflecting continued top-line momentum.