SoFi Smashes Records With $1.1B Cash Revenue and Explosive 41% Growth in Q1 (SOFI Q1 2026 Earnings Call)
SoFi Technologies (SOFI) kicked off 2026 with a blockbuster first quarter, silencing skeptics by delivering an explosive combination of accelerating top-line growth and surging profitability. The company reported adjusted net revenue of USD 1.1 billion, up a staggering 41% year-over-year, marking an acceleration from the previous quarter's already robust growth rate. This revenue surge translated into massive bottom-line expansion, with adjusted EBITDA skyrocketing 62% to USD 340 million (a 31% margin) and net income more than doubling to USD 167 million. Operationally, the "everything financial app" strategy is firing on all cylinders. SoFi added a record 1.1 million new members in Q1, bringing its total member base to 14.7 million—a 35% year-over-year increase. Product adoption was equally impressive, with a record 1.8 million new products added, resulting in a total of 22.2 million products across the platform. With the company extending its streak of profitable quarters to ten and maintaining its "Rule of 40" performance (scoring 72% this quarter), CEO Anthony Noto confidently declared that SoFi's strategy and execution "put SoFi in a class of one."