SoFi Technologies (NASDAQ:SOFI) delivered a strong start to 2025, beating both revenue and EPS expectations for Q1. Revenue rose 33% year-over-year, while adjusted EBITDA surged 46%, underscoring continued operating leverage. The company also added a record 802,000 new members during the quarter, bringing total membership to just under 11 million.
Growth was broad-based across all three of SoFi’s business segments. Financial Services led the charge with revenue doubling year-over-year, reflecting strong demand and user engagement. Lending saw solid performance, particularly in home loans, contributing to a more balanced product mix. The Loan Platform Business (LPB) remains a key driver, supporting lending volume growth in a capital-light manner.
While the Technology Platform continues to lag in revenue and margin performance, management reaffirmed expectations for stronger contribution in 2026, citing several integration projects slated for completion later this year.
For more details, key highlights, and commentary, check out the high-level earnings summary.
