SoFi Releases Q1 Financial Report: Officially Launches SoFiUSD Stablecoin Minting, Net Revenue Reaches $1.1 Billion
Odaily reported that fintech company SoFi Technologies released its financial report for the first quarter of 2026, with quarterly net revenue reaching a record $1.1 billion, up 41% year-on-year, and net profit of $167 million, marking the tenth consecutive quarter of GAAP profitability.
SoFi stated it is continuing to advance the development of digital asset infrastructure. In the first quarter, it officially launched the full-reserve US dollar stablecoin SoFiUSD minting, and simultaneously developed settlement capabilities. In collaboration with partners such as Mastercard, it will support stablecoin settlement within global payment networks. In addition, SoFi has relaunched its SoFi Plus membership program, adding new benefits including cashback on crypto purchases. (Businesswire)
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Ampco-Pittsburgh Publishes Q3 2026 Earnings Call Transcript
Nvidia's newly appointed Chairman of the Board addresses all employees: The company's strength comes from its team, technology, and ecosystem.
In an email, NVIDIA's new Chairman of the Board Harvey Jones stated that the board takes its duty as guardian of this great company very seriously. The company's strength comes from our employees, leadership team, technological capabilities, and partner ecosystem. We will continue to drive business growth and lead the industry forward. Thank you all for your focus, professionalism, and dedication to NVIDIA.
Crypto prices
More
