SoFi Technologies reported record third-quarter 2026 results, with adjusted net revenue rising 44% year-over-year to $1,4 billion. Adjusted EBITDA grew 70% to nearly $470 million, while net income increased 73% to $241 million. The company's membership base exceeded 17 million, marking a 35% increase compared to the previous year.
Following these results, the company raised its 2026 financial outlook, projecting $5,04 billion in adjusted net revenue and $1,66 billion in adjusted EBITDA. For 2027, SoFi forecasts $6,4 billion in adjusted net revenue and $2,24 billion in adjusted EBITDA, with an expected net income margin of approximately 20%.
SoFi is expanding its crypto operations, including stablecoin payment infrastructure and tokenized deposit services. The company launched stablecoin settlement on the Mastercard network using SoFiUSD and introduced SoFi Earn, a tokenized deposit product with a 4,40% APY. It also established connectivity between its banking services and Payward, the parent company of Kraken.
The company currently operates eight business units that each generate over $100 million in annualized revenue. Its long-term strategy includes reaching 100 million products by 2030 and developing five distinct businesses, each capable of generating more than $1 billion in annual revenue.
