SoFi Technologies announced a record $1.1 billion in net revenue for Q1 2026, marking a 43% increase from the previous year. The company's net income surged 134% to approximately $167 million. SoFi's customer base grew by over 1 million in the quarter, reaching nearly 15 million members, while lending originations rose 68% year-over-year to over $12 billion. The financial services firm reported deposits exceeding $40 billion, accounting for more than 90% of its liabilities, which significantly reduced funding costs. Net interest income increased by 39% to $693 million, and adjusted EBITDA rose 62% to nearly $340 million. CEO Anthony Noto highlighted the role of new initiatives, including digital assets, in driving growth and innovation. Looking ahead, SoFi projects adjusted net revenue of approximately $4.6 billion and adjusted EBITDA of about $1.6 billion for the full year. The company aims to grow its membership by at least 30% in 2026. Recent developments include the launch of SoFiUSD, a stablecoin, and Big Business Banking, a platform for managing traditional and digital assets.