SoFi Technologies, Inc. reported total net revenue of $3.61 billion for the year ended December 31, 2025, a 35% increase compared to $2.67 billion in 2024. The company's net income was $481.3 million, a slight decrease from $498.7 million in the previous year. Diluted earnings per share remained consistent at $0.39 for both 2025 and 2024. The company's net interest margin was 5.85% compared to 5.80% for the prior year.
A key driver of SoFi's financial performance was the growth in fee-based revenue, which reached $1.39 billion, a 45% increase from $958.4 million in 2024. This growth was attributed to the strong performance of the Loan Platform Business, as well as increases in origination, referral, interchange, and brokerage fees. The company's total membership grew to 13.65 million, a 35% increase year-over-year, and total products increased to 20.17 million, a 37% increase.
Operationally, SoFi continued to expand its product offerings and strategic partnerships. The company launched SoFi Crypto, a new digital asset trading platform, and SoFi Smart Card, a charge card secured by a SoFi Money checking and savings account. SoFi also expanded its self-serve global remittance services to over thirty countries. The company's Technology Platform segment continued to add new clients, including Banco Nación, one of Argentina’s largest financial institutions.
Looking ahead, SoFi expects to benefit from its diversified funding strategy, including deposits held at SoFi Bank, which totaled $37.5 billion as of December 31, 2025. The company also anticipates continued growth in its Loan Platform Business and Financial Services segment, driven by its Financial Services Productivity Loop strategy. However, SoFi acknowledges potential risks related to evolving regulations, market volatility, and competition in the financial services industry.
About SoFi Technologies, Inc.
SoFi Technologies, Inc. is a digital-first financial services company offering lending, banking, investment, and financial management products. Its core segments include lending (personal, student, and home loans), a technology platform serving financial institutions, and a suite of consumer financial products like checking, savings, investing, and credit cards. The company emphasizes member-centric, integrated solutions to promote financial independence and build long-term relationships.
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