According to Businesswire, fintech company SoFi Technologies released its Q1 2026 financial results, reporting quarterly net revenue of $1.1 billion, up 41% year-over-year, and net income of $167 million, marking its tenth consecutive quarter of GAAP profitability.
SoFi disclosed that it is continuing to advance its digital asset infrastructure, having officially initiated the minting of its fully reserved U.S. dollar stablecoin, SoFiUSD, in the first quarter, while collaborating with partners such as Mastercard to support stablecoin settlements within the global payment network. Additionally, SoFi announced the relaunch of its SoFi Plus membership program in April, adding new benefits including cashback on cryptocurrency transactions.