SoFi Releases Q1 Earnings: Officially Launches SoFiUSD Stablecoin Minting, Net Revenue Reaches $1.1 Billion

Odaily - Fintech company SoFi Technologies has released its Q1 2026 financial results. The company achieved a record quarterly net revenue of $1.1 billion, representing a 41% year-over-year increase, and a net income of $167 million, marking its tenth consecutive quarter of GAAP profitability.

SoFi stated that it continues to advance its digital asset infrastructure development. During the first quarter, it officially launched the minting of its fully-reserved U.S. dollar stablecoin, SoFiUSD, and simultaneously developed settlement capabilities. Collaborating with partners such as Mastercard, it will support stablecoin settlements within the global payment network. Additionally, SoFi relaunched its SoFi Plus membership program, adding new benefits including cashback on cryptocurrency purchases. (Businesswire)