SoFi Technologies Reports Record Q4 Revenue with Crypto Revival
Summary:
SoFi Technologies achieved a record-breaking $1 billion in Q4 2025 revenue, driven by its reintroduction of crypto-based products. The fintech giant saw a 37% year-on-year increase in adjusted net revenue and $173.5 million in GAAP net income. Key highlights include a surge in crypto product adoption and the launch of SoFiUSD, a US dollar-backed stablecoin. This resurgence underscores SoFi’s strategic pivot toward embracing digital assets amid growing institutional interest in cryptocurrency.
What This Means for You:
- Access to crypto trading: SoFi’s re-entry into the crypto market provides users with seamless access to buy, sell, and hold digital assets.
- Blockchain-powered remittances: Expand your global financial reach with SoFi’s blockchain remittance services now available in over 30 countries.
- Stablecoin opportunities: Explore SoFiUSD for secure, dollar-backed crypto transactions leveraging SoFi’s banking infrastructure.
- Future outlook: Stay informed as SoFi’s crypto initiatives may set trends for other fintech and traditional banks to follow.
Original Post:
SoFi Technologies reported record fourth-quarter revenue of $1 billion as the US fintech bank reintroduced consumer crypto-based products.
According to its earnings report released Friday, adjusted net revenue rose 37% year-on-year to $1 billion, while GAAP net income reached $173.5 million in the last quarter. Adjusted earnings before interest, taxes, depreciation and amortization (EBITDA) increased 60% to $317.6 million.
SoFi reported total fee-based revenue of a record $443 million for the quarter, and total members grew about 35% to 13.7 million. SoFi added 1.6 million new products in the quarter, driving total financial services products up 38% year over year to 17.5 million. The company logged 63,441 crypto products following its Dec. 22 launch, though that figure reflects activity from Dec. 22–31 and is not representative of a full quarter.
The results come after SoFi’s return to the cryptocurrency market, following a pullback in November 2023.
In June, the company reintroduced crypto trading, allowing customers to buy, sell and hold digital assets. It also rolled out blockchain-powered remittances, which have expanded to more than 30 countries, according to the company.
In December, SoFi launched SoFiUSD, a US dollar–backed stablecoin issued by its banking subsidiary, SoFi Bank.
Related: Nubank wins conditional US approval to form national bank
Banks are increasingly pro-crypto
US banks are increasingly taking pro-crypto steps. In May, several of the largest US banks began discussing a potential joint stablecoin initiative. The report said companies affiliated with JPMorgan Chase, Bank of America, Citigroup and Wells Fargo have held preliminary talks on jointly issuing a dollar-pegged crypto stablecoin.
In October, JPMorgan Chase said it plans to offer cryptocurrency trading, while ruling out direct crypto custody in the near term. Speaking on CNBC’s Squawk Box Europe, the bank’s global head of markets and digital assets, Scott Lucas, said JPMorgan is assessing trading services and potential third-party custodians.
On Jan. 23, UBS began exploring plans to offer crypto trading to its wealthiest clients. The Swiss banking giant would initially allow select private-banking clients in Switzerland to trade Bitcoin (BTC) and Ether (ETH), with a potential expansion to Asia-Pacific and the US at a later stage.
In an X post on Saturday, Coinbase CEO Brian Armstrong said that conversations with bank executives at the World Economic Forum in Switzerland revealed a shift in tone. He said most of the bank CEOs he met were “actually very pro crypto and are leaning into it as an opportunity (some aren’t quite there yet).”
Magazine: Davinci Jeremie bought Bitcoin at $1… but $100K BTC doesn’t excite him
Extra Information:
SoFi Official Website – Explore SoFi’s range of financial products and services.
SoFi Reintroduces Crypto Trading – Learn more about SoFi’s crypto trading relaunch.
SoFi Q4 Earnings Report – Dive deeper into SoFi’s financial performance.
People Also Ask About:
- What is SoFiUSD? SoFiUSD is a US dollar-backed stablecoin issued by SoFi Bank.
- Can I trade Bitcoin on SoFi? Yes, SoFi allows users to buy, sell, and hold Bitcoin and other cryptocurrencies.
- How does SoFi’s crypto trading work? SoFi provides a user-friendly platform for crypto transactions, backed by its banking infrastructure.
- What are blockchain-powered remittances? SoFi’s blockchain remittances enable fast, low-cost cross-border transactions.
Expert Opinion:
SoFi’s resurgence in the crypto market highlights the growing convergence of traditional finance and digital assets. Its success could pave the way for broader institutional adoption, signaling a transformative shift in how banks integrate blockchain technology.
Key Terms:
- SoFi crypto trading
- SoFiUSD stablecoin
- blockchain-powered remittances
- fintech revenue growth
- institutional crypto adoption
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