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SoFi Q1 Earnings Report: Officially Launches Stablecoin SoFiUSD Minting, Net Revenue Reaches $1.1 Billion
BlockBeats News, April 30, according to Businesswire, fintech company SoFi Technologies released its 2026 first-quarter financial report. Quarterly net revenue reached $1.1 billion, up 41% year over year. Net profit was $167 million, achieving GAAP profitability for the tenth consecutive quarter.
SoFi disclosed that it is continuing to advance the development of its digital asset infrastructure. In the first quarter, it officially launched the full-reserve USD stablecoin SoFiUSD minting. In addition, it is working with partners such as Mastercard to support stablecoin settlement within the global payment network. Furthermore, SoFi announced that it restarted its SoFi Plus member program in April this year, adding new benefits including crypto trading cashback rewards.