SoFi Achieves Record Q1 2025 Revenue and Member Growth

2025-04-30 companies

San Francisco, Tuesday, 29 April 2025.
In Q1 2025, SoFi reported record net revenue of $772 million and a significant member increase to 10.9 million. The company raised its full-year forecast amidst thriving demand for financial services.

Impressive Financial Growth in Q1 2025

In the first quarter of 2025, SoFi Technologies, Inc. (NASDAQ: SOFI) achieved a record net revenue of $772 million, marking a 33% increase from the previous year. This financial upsurge was accompanied by a remarkable adjusted EBITDA growth of 46% to $210 million [1][2].

Member and Product Expansion

SoFi’s member base experienced a significant boost, increasing by 34% to reach 10.9 million. Simultaneously, the total number of products rose by 35%, culminating in 15.9 million products [2][3]. This surge highlights the company’s continued expansion in digital financial services and its effective customer acquisition strategies.

Revenue Streams and Market Position

The company’s fee-based revenue soared by 67%, reaching a record $315 million, indicating robust performance in its fee-based services segment [2][6]. SoFi’s comprehensive digital financial offerings, including loans, investments, and savings services, have solidified its standing in the fintech industry.

Strategic Projections and Market Reactions

Based on its strong Q1 performance, SoFi has raised its financial guidance for 2025, projecting significant growth in adjusted net revenue and adjusted EBITDA. The company’s demonstrated resilience and strategic foresight have instilled investor confidence, as reflected in the positive market reaction and stock performance following the earnings announcement [3][4][5].

Sources

SoFi earnings member growth