SoFi's Record-Breaking Q1 2025 Performance Revealed

SoFi has unveiled its impressive Q1 2025 results, showcasing exceptional performance across its core metrics. The company tallied a noteworthy $772 million in net revenue, marking a 20% increase compared to the same period last year, alongside a net income of $71 million. SoFi’s membership base saw a remarkable 34% growth, reaching 10.9 million members, while the total number of products offered rose by 35%, totaling 15.9 million.

Key financial achievements include a substantial growth in fee-based revenue, which surged 67% to $315 million. Additionally, the company saw a 46% rise in adjusted EBITDA, reaching $210 million. Notably, SoFi welcomed a record-breaking 800,000 new members during the first quarter, and its Financial Services segment impressively doubled its revenue to $303 million.

In the Loan Platform Business, SoFi secured over $8 billion in new commitments, with $1.6 billion attributed to third-party loan originations within Q1. Credit performance strengthened as charge-off rates in personal and student loans decreased. Moreover, SoFi’s deposit base expanded to $27.3 billion, with a significant 90% fueled by direct deposit members.