SoFi Technologies, Inc. (NASDAQ: SOFI) announced blockbuster fourth-quarter financial results, surpassing $1 billion in quarterly revenue for the first time in its history. The fintech giant reported GAAP revenue of $1.025 billion, marking a 40% year-over-year increase. For the full year 2025, revenue reached $3.61 billion.
The company's member base grew by a record 1 million new users in Q4, bringing the total to 13.7 million. Product adoption surged, with 1.6 million new products added, pushing the total to 20.2 million. A key metric, cross-buy activity, rose to 40%, a seven-point gain from the prior year, indicating strong engagement from existing members.
Profitability metrics also showed strength. Adjusted EBITDA jumped 60% to $318 million for the quarter, with full-year adjusted EBITDA exceeding $1.05 billion. Adjusted net income more than doubled year-over-year. Fee-based revenue hit a record $443 million, diversifying the company's income streams. The Loan Platform business contributed $194 million in adjusted net revenue.
Lending remained a core driver, with total loan originations reaching a record $10.5 billion. This was led by personal loans ($7.5B), followed by student loans ($1.9B) and home loans ($1.1B). Credit performance was stable, with improvements in personal-loan charge-offs.
A significant part of the announcement was the expansion of SoFi's crypto strategy. The company has launched cryptocurrency trading for consumers, introduced its own stablecoin on a public blockchain, and enabled blockchain-powered remittances to over 30 countries. CEO Anthony Noto, defending a recent $1.5 billion capital raise, framed these moves as positioning SoFi at the intersection of two "tech supercycles": artificial intelligence and cryptocurrency. He aims to make SoFi a "one-stop shop" integrating AI-driven financial advice with digital asset services.
Looking ahead, SoFi provided a bullish forecast for 2026, projecting revenue of $4.66 billion and a 30% increase in membership. Despite the strong results, SOFI stock closed at $24.36, down over 25% from its November high, partly due to investor concerns over dilution from the capital raise. Noto argued the raise was "opportunistic" and immediately accretive, boosting tangible book value by $2 per share to $7, and provides flexibility for faster growth and strategic deals.
