SoFi Q1 Earnings Report: Official Launch of Stablecoin SoFiUSD Minting, Net Revenue Reaches $1.1 Billion
According to Businesswire, fintech company SoFi Technologies released its first-quarter 2026 financial results, reporting quarterly net revenue of $1.1 billion, a 41% year-on-year increase, and net income of $167 million—marking its tenth consecutive quarter of GAAP profitability.
SoFi disclosed that it is actively advancing its digital asset infrastructure, having officially launched the minting of its fully reserved U.S. dollar-pegged stablecoin, SoFiUSD, in Q1. It is also collaborating with partners such as Mastercard to support stablecoin settlement across global payment networks. Additionally, SoFi announced the relaunch of its SoFi Plus membership program in April this year, introducing new benefits including cashback on cryptocurrency transactions.