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SoFi Q1 Earnings Report: Launches Stablecoin SoFiUSD Minting, Net Revenue Reaches $1.1 Billion
On April 30, according to Businesswire, fintech company SoFi Technologies released its Q1 2026 earnings report, with quarterly net revenue reaching $1.1 billion, a 41% year-over-year increase, and a net profit of $167 million, marking the tenth consecutive quarter of GAAP profitability. SoFi disclosed that it is continuing to advance its digital asset infrastructure, having officially launched the full-reserve dollar stablecoin SoFiUSD minting in the first quarter, while collaborating with partners like Mastercard to support stablecoin settlements in the global payment network. Additionally, SoFi announced the relaunch of its SoFi Plus membership program in April this year, which now includes benefits such as cryptocurrency trading cashback.