SoFi Statistics 2026: Members, Revenue, Loans and Bank Charter Data

SoFi Technologies announced record GAAP net revenue of $1.1 billion in the first quarter of 2026, up 43% year-over-year, with 14.7 million members and total deposits growing to more than $40 billion. Approximately 96% of SoFi Technologies’ funding is now deposit-based, up from 78% in 2023. According to filings reviewed by CoinLaw, that funding mix marks a structural shift tied to the January 2022 OCC national bank charter approved by the Federal Reserve. The figures below cover member growth, loan origination volume, segment revenue, the Galileo and Technisys technology platform, and the bank charter milestones that reshaped SoFi’s unit economics.

SoFi was founded in 2011 as a member-centric one-stop shop for digital financial services. The company trades on NASDAQ under the ticker SOFI and is led by CEO Anthony Noto. SoFi operates three business segments: Lending, Financial Services, and the Technology Platform built around Galileo Financial Technologies and Technisys. The figures below draw on the most recent SEC filings and OCC documentation.

Key Takeaways

• SoFi recorded GAAP net revenue of $1.1 billion in Q1 2026, up 43% year-over-year from $771.8 million.
• Members reached a record 14.7 million in Q1 2026, with growth of 35% year-over-year.
• Total deposits grew to more than $40 billion in Q1 2026, with approximately 96% of funding now deposit-based, up from 78% in 2023.
• Total loan originations hit a record $12.2 billion in Q1 2026, with personal loans at a record $8.3 billion, student loans at a record $2.6 billion, and home loans up nearly 2.4x year-over-year to $1.2 billion.
• Q1 2026 adjusted EBITDA rose 62% year-over-year to a record $340 million, with a 31% margin.
• Net income reached $173.5 million in Q4 2025, with diluted EPS of $0.13 and a record 1,027,000 members added during the quarter.
• In January 2022, the OCC granted SoFi a conditional national bank charter through its acquisition of Golden Pacific Bancorp, with a $750 million capital commitment.

Editor’s Choice

• Q1 2026 GAAP net income of $166.7 million, more than double the prior-year figure.
• Q1 2026 net interest income of $693.0 million, up 39% year-over-year.
• Q1 2026 fee-based revenue of $386.8 million, up 23% year-over-year.
• Q1 2026 product count of 22.2 million, up 39% year-over-year, with 43% of new products from existing members.
• Q4 2025 fee-based revenue reached a record $443.3 million, up 53% year-over-year.
• SoFi acquired Galileo Financial Technologies for a total purchase consideration of $1.2 billion in cash and stock.
• SoFi acquired Technisys for approximately $1.1 billion in stock, equal to roughly 84 million SoFi shares, less than 10% of SoFi’s fully diluted share count.

Recent Developments

• On April 29, 2026, SoFi reported Q1 2026 GAAP net revenue of $1.1 billion, up 43% year-over-year, with net income of $166.7 million.
• Galileo revenue fell 27% to $75.1 million in Q1 2026, reflecting the previously disclosed exit of Chime, which fully transitioned off SoFi’s platform before the end of last year.
• SoFi’s deposit base crossed $40 billion in Q1 2026, growing $2.7 billion quarter-over-quarter.
• SoFi’s Q4 2025 results showed GAAP net revenue of $1.0 billion, up 40% year-over-year, with net income of $173.5 million.
• Management guided to approximately $325 million in 2026 tech platform net revenue.

Total Members and Product Growth

• SoFi reached 14.7 million members in Q1 2026, up 35% year-over-year.
• Total members ended Q4 2025 at 13.7 million, up 35% from 10.1 million at the end of the same prior year period.
• SoFi added a record 1,027,000 members during Q4 2025 alone.
• Total products reached 22.2 million in Q1 2026, up 39% year-over-year.
• Total products ended Q4 2025 at nearly 20.2 million, up 37% from 14.7 million at the end of the same prior year period.
• Approximately 43% of new products in Q1 2026 came from existing members, signaling cross-sell traction.
• Q3 2025 closed with 12.6 million members and 18.6 million products, with member growth of 35% and product growth of 36%.

Source: SoFi Investor Relations

Don't chase the news. Let us curate it.

You get one weekly briefing with only the stories that matter. If the market is quiet, we skip it.

Email address

Get the Weekly Briefing - it's free!

✅ Join readers from Visa, Vanguard, and the FDIC.

Net Revenue and Profitability

• Q1 2026 GAAP net revenue of $1.1 billion rose 43% from the prior-year period’s $771.8 million.
• Adjusted net revenue in Q1 2026 grew 41% to $1.1 billion from $770.7 million.
• Q4 2025 GAAP net revenue of $1.0 billion rose 40% from the prior-year period’s $734.1 million.
• Q1 2026 GAAP net income more than doubled to $166.7 million, with diluted earnings per share of $0.12, up from $0.06 a year earlier.
• Q4 2025 GAAP net income reached $173.5 million, with diluted EPS of $0.13.
• Full-year 2024 adjusted net revenue reached a record $2.6 billion, up 26% year-over-year.
• Q3 2025 net revenue was $962 million, with net income of $139 million.

Source: SoFi Investor Relations

By the numbers: According to SoFi’s Q1 2026 earnings release, GAAP net revenue grew 43% year-over-year to a record $1.1 billion while net income more than doubled to $166.7 million. Diluted EPS of $0.12 represents an increase from $0.06 a year earlier.

Adjusted EBITDA and Margin Trajectory

• Q1 2026 adjusted EBITDA reached a record $340 million, up 62% year-over-year.
• Adjusted EBITDA margin in Q1 2026 was 31%.
• The 31% adjusted EBITDA margin in Q1 2026 sits noticeably above SoFi’s earlier reported levels and tracks with the funding-mix shift toward deposits, which carry a lower cost of capital than the warehouse facilities the company relied on before the bank charter took effect.

Source: SoFi Investor Relations

Loan Origination Volume by Product

• Q1 2026 total loan originations hit a record $12.2 billion.
• Personal loan originations reached a record $8.3 billion in Q1 2026.
• Student loan originations reached a record $2.6 billion in Q1 2026, up 2.2x year-over-year.
• Home loan originations reached $1.2 billion in Q1 2026, up nearly 2.4x year-over-year.
• Q4 2025 total loan originations hit a record $10.5 billion, up 46% year-over-year.
• Q4 2025 personal loan originations were a record $7.5 billion, up 43% year-over-year, of which $3.7 billion was originated on behalf of third parties.
• Q4 2025 student loan originations were $1.9 billion, up 38% from the same period last year.
• Q4 2025 home loan originations were a record $1.1 billion, a year-over-year increase of nearly 2x.

Deposit Base and Funding Mix Shift

• SoFi’s total deposits exceeded $40 billion in Q1 2026, growing $2.7 billion quarter-over-quarter.
• Approximately 96% of SoFi’s funding is now deposit-based, up from 78% in 2023.
• Q3 2025 total deposits reached $32.9 billion.
• Year-end 2024 total deposits reached $26.0 billion, with over 90% of SoFi Money deposits coming from direct deposit members.
• The shift from 78% deposit-funded in 2023 to roughly 96% by Q1 2026 is the single most consequential statistic in SoFi’s recent history. Deposit funding is materially cheaper than the warehouse lines and securitization channels SoFi used before the 2022 bank charter, and the spread shows up directly in net interest income growth.

Key finding: According to SoFi’s Q1 2026 earnings release, total deposits grew to more than $40 billion and approximately 96% of funding is now deposit-based, up from 78% in 2023. The shift, enabled by the January 2022 OCC national bank charter approval, replaced higher-cost warehouse facilities with sticky low-cost member deposits and reshaped the company’s net interest margin profile.

Net Interest Income and Fee-Based Revenue

• Q1 2026 net interest income reached $693.0 million, up 39% year-over-year.
• Q1 2026 total fee-based revenue was $386.8 million, up 23% year-over-year.
• Q4 2025 net interest income was $617.3 million, up 31% year-over-year.
• Q4 2025 total fee-based revenue reached a record $443.3 million, up 53% year-over-year.

Financial Services Segment Performance

• Q4 2025 Financial Services segment net revenue reached $456.7 million, up 78% from the prior-year period.
• Financial Services segment net revenue reached $821.5 million, up 88% from the prior year period, per the SoFi annual 10-K.
• Across our coverage of 100+ payment statistics articles, the pattern is consistent: deposit-led financial services revenue compounds faster than transactional fee revenue once a balance sheet matures. SoFi’s 78% Q4 2025 segment growth fits that pattern.

Lending Segment Performance

• Q4 2025 personal loan originations of $7.5 billion included $3.7 billion originated on behalf of third parties.
• Q1 2026 student loan originations of $2.6 billion marked a 2.2x year-over-year increase.
• Q1 2026 home loan originations of $1.2 billion marked a nearly 2.4x year-over-year increase.

Technology Platform: Galileo and Technisys

• Q1 2026 Galileo revenue fell 27% to $75.1 million, hit by the previously disclosed exit of Chime, which fully transitioned off SoFi’s platform before the end of last year.
• Management guided to approximately $325 million in 2026 tech platform net revenue.
• Q3 2025 Technology Platform segment net revenue was $114.6 million, up 12% year-over-year.
• Technology Platform segment had 157.9 million total enabled accounts at the close of Q3 2025, down 1% from 160.2 million in Q3 2024.
• SoFi acquired Galileo Financial Technologies for a total purchase consideration of $1.2 billion in cash and stock.
• SoFi announced an agreement to acquire Technisys in February 2022 for approximately $1.1 billion in SoFi stock, equal to roughly 84 million shares, less than 10% of SoFi’s fully diluted share count.
• Technisys was expected to add a cumulative $500 to $800 million in incremental revenue through year-end 2025.

Most recent figure reflects the Galileo line cited from the earnings call.

Source: SEC EDGAR, SoFi Investor Relations

Why it matters: According to the SoFi Q1 2026 earnings call, Galileo revenue fell 27% to $75.1 million, reflecting the previously disclosed exit of Chime, which fully transitioned off SoFi’s platform before the end of last year. Management guided to approximately $325 million in 2026 tech platform net revenue.

National Bank Charter Milestones

• On January 18, 2022, the OCC conditionally approved SoFi’s application to become a national bank through its acquisition of Golden Pacific Bancorp.
• The Federal Reserve also approved SoFi’s application to become a Bank Holding Company through the same transaction.
• SoFi is committed to contributing $750 million in capital to the resulting bank.
• SoFi maintained Golden Pacific Bank’s community footprint, including its three physical branches.
• The OCC’s conditional approval was contingent on the resulting bank not engaging in any crypto-asset activities or services.
• The merged entity was renamed SoFi Bank, National Association.

Source: OCC; SoFi Press Release

Acquisitions: Galileo and Technisys

• SoFi signed a definitive agreement to acquire Galileo Financial Technologies for total purchase consideration of $1.2 billion in cash and stock.
• Galileo, headquartered in Salt Lake City, provides checking and savings account-like functionality via open APIs for consumer and B2B financial services.
• SoFi agreed to acquire Technisys, a cloud-native multi-product core banking platform, in February 2022 for approximately $1.1 billion in stock.
• Technisys consideration was paid in approximately 84 million SoFi shares, less than 10% of the fully diluted share count.
• Management projected the Technisys deal to add a cumulative $500 to $800 million in incremental revenue through year-end 2025.

Source: SoFi Press Release; SEC EDGAR (8-K filing)

Members Growth Timeline

• SoFi’s member count reached more than 10 million in 2024, ten times the number it had five years earlier.
• The company grew its member base by more than nine times in less than five years through 2024.
• Total members at year-end reached 10.1 million, per the SoFi annual 10-K.
• Total members ended 2025 at 13.7 million, up 35% year-over-year.
• Q1 2026 ended at 14.7 million members.

SoFi Stock Listing and Corporate Structure

• SoFi Technologies, Inc. trades on NASDAQ under the ticker SOFI. The company went public via a SPAC merger with Social Capital Hedosophia V in June 2021. CoinLaw presents stock-related figures as historical financial data only; the data below is not a recommendation to buy, sell, or hold any security.
• SoFi was founded in 2011 as a member-centric digital financial services platform.
• Per the SoFi annual 10-K, total deposits reached $26.0 billion, with over 90% of SoFi Money deposits coming from direct deposit members.

For broader context on individual investor activity, see retail investing data.

Those interested in the regulatory environment around crypto-asset activities at chartered banks may consult crypto exchange market data.

For the adoption-rate context across global users, review crypto user demographics.

Frequently Asked Questions (FAQs)

Conclusion

SoFi’s most recent quarterly results show 14.7 million members, $1.1 billion in net revenue, and total deposits growing to more than $40 billion, anchoring the deposit-funding shift from 78% in 2023 to roughly 96% today. The OCC national bank charter rewrote unit economics by replacing warehouse lines with low-cost member deposits, and the jump in adjusted EBITDA reflects that operating leverage.

The Technology Platform segment built on Galileo and Technisys remains a separate growth vector, though the Galileo revenue decline tied to the Chime exit shows the line still carries client-concentration risk. For SoFi members and investors tracking the company, the next year hinges on whether deposit growth keeps outpacing loan origination needs and whether Technology Platform revenue stabilizes near the management guide.