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

Financial technology company SoFi Technologies released its Q1 2026 earnings report, achieving a record quarterly net revenue of $1.1 billion, a 41% increase year-over-year. Net profit reached $167 million, marking the tenth consecutive quarter of GAAP profitability.

SoFi stated that it continues to advance its digital asset infrastructure buildout, having officially commenced minting of its fully reserve-backed U.S. dollar stablecoin, SoFiUSD, in the first quarter. It is simultaneously developing settlement capabilities and collaborating with partners such as Mastercard to support stablecoin settlement within global payment networks. Additionally, SoFi has relaunched its SoFi Plus membership program, adding new benefits including cashback on cryptocurrency purchases. (Businesswire)