SoFi Technologies Reports 44% Revenue Growth and GAAP Profitability in Q3 2026
SoFi Technologies (SOFI) reported strong third-quarter 2026 results, highlighted by a 44% year-over-year increase in adjusted net revenue to a record $1.4 billion. Moving beyond its origins in student loan refinancing, the company achieved GAAP net income of $241 million, signaling a successful transition toward consistent profitability. The company's growth is driven by a cross-selling strategy rather than artificial intelligence trends. SoFi expanded its member base to 17.1 million, a 35% increase year-over-year, while the total number of products held by customers rose 44% to 26.7 million. Notably, over half of new product openings came from existing members, demonstrating the effectiveness of its integrated financial services platform.
Tickers: $SOFI
Topics: Financial Services Growth Strategy Profitability Quarterly Earnings
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Part of the story Loomis Reports Record Revenue and Operating Margins for Q3 2026 (40 articles)