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SoFi Reports $1.1B Q1 Revenue, Up 41% YoY; Launches SoFiUSD Stablecoin

GateNews
Token EventsPartnerships & EcosystemStocks

According to Businesswire, SoFi Technologies reported Q1 2026 net revenue of $1.1 billion, up 41% year-over-year, with net income of $167 million on April 30. The company achieved GAAP profitability for the tenth consecutive quarter.

SoFi announced the official launch of SoFiUSD, a fully-reserved U.S. dollar stablecoin, in the quarter. The company is also collaborating with Mastercard and other partners to support stablecoin settlement across global payment networks.

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