TLDR
- SoFi Technologies posted Q4 revenue of $1.01 billion, beating estimates and marking its first quarter above $1 billion
- The fintech added a record 1 million members in Q4, pushing total membership to 13.7 million
- Earnings per share hit $0.13, surpassing analyst expectations of $0.11
- Personal loans reached $7.5 billion and home loans nearly doubled to $1.1 billion
- Full-year 2026 revenue guidance of $4.66 billion tops Wall Street’s $4.55 billion forecast
SoFi Technologies shattered expectations in its fourth quarter, pushing shares up more than 4% in early trading Friday. The company hit a major milestone by reporting quarterly revenue above $1 billion for the first time.
Revenue came in at $1.01 billion, a 37% increase from last year. That beat analyst estimates of $973.43 million by a comfortable margin. Earnings followed suit, with adjusted EPS of $0.13 topping the $0.11 consensus.
The results validate the company’s cross-selling approach. Members added 20.2 million total products across the platform, up 37% year-over-year. That shows customers are buying multiple services instead of just one.
New member acquisition hit record levels. SoFi brought on 1 million new members during the quarter alone. Total membership now sits at 13.7 million, representing 35% growth from a year ago.
Lending Business Hits New Heights
Personal loan originations surged to $7.5 billion, up 43% from the prior year. The home loan business saw even stronger growth, with originations nearly doubling to $1.1 billion.
Fee-based revenue climbed to $443 million, a 53% jump. This increasingly important revenue stream shows the platform model is gaining traction beyond traditional lending.
Profitability improved across the board. Adjusted EBITDA reached $318 million, up 60% from last year. That translates to a healthy 31% margin, proving the company can scale while maintaining strong unit economics.
CEO Anthony Noto called the quarter “exceptional” and highlighted how the one-stop shop strategy is delivering both growth and profitability. The platform now serves customers across lending, investing, banking, and insurance products.
Strong 2026 Guidance
Management issued upbeat guidance for the coming year. Full-year 2026 revenue is expected to hit approximately $4.66 billion, well above the Street’s $4.55 billion estimate.
First quarter revenue should come in around $1.04 billion, meeting analyst expectations. The company is maintaining momentum heading into the new year.
Looking further ahead, SoFi laid out aggressive medium-term targets. Management expects at least 30% compounded annual revenue growth from 2025 through 2028. Earnings per share growth is projected even higher at 38% to 42% annually.
The stock has experienced volatility despite the strong results. Shares are down roughly 7% year-to-date as investors weigh a recent equity raise against the positive business momentum.
Options activity suggests traders expect continued price swings in the near term. Some analysts remain cautious about potential dilution from the capital raise.
Others point to improving credit conditions and mortgage market trends as tailwinds. The fee-based business provides some insulation from interest rate volatility, though it remains tied to capital markets conditions.
SoFi’s Q1 2026 revenue is forecast at $1.04 billion as the company targets 13.7 million members across its platform.
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