SoFi Technologies has reported record GAAP net revenue of $961.6 million for the third quarter of 2025, a 38% increase compared with the same period a year earlier, as the digital financial services company continued to scale across its lending, financial services, and technology platform segments. Net income for the quarter reached $139 million, marking the company's eighth consecutive profitable quarter and reinforcing the case that SoFi has transitioned into a durably profitable business after years of investment in building out its multi-product platform.
The revenue figure set a new quarterly record for the company, extending a streak of sequential and year-on-year growth that management has described as evidence of the operating leverage embedded in its model. The company operates as a bank holding company following the receipt of its banking licence in 2022, which enables it to fund loans from customer deposits rather than relying exclusively on the securitisation markets, a structural advantage that has contributed to both revenue growth and margin improvement through successive quarters of profitable operations.
CONSISTENT PROFITABILITY ACROSS EIGHT QUARTERS
The eight consecutive quarters of profitability mark a significant milestone for SoFi, which reported losses in every year from its founding through to the period immediately before its shift to sustained earnings. The transition reflects both the maturation of its lending businesses — which include personal loans, student loan refinancing, and home loans — and the growing contribution of its financial services and technology platform divisions, each of which has been scaled to the point where it contributes meaningfully to consolidated profitability rather than acting solely as a drag on earnings.
Net income of $139 million in the third quarter represents a meaningful step up in absolute profitability compared with the earlier quarters in the current profitable run, suggesting that the earnings trajectory remains upward. SoFi's management has consistently pointed to revenue diversification across banking, financial services, and technology as a key factor in reducing earnings volatility and sustaining growth across different interest rate environments, a dynamic that has been tested through a period of significant monetary policy change in the United States.
BANCO NACIÓN ARGENTINA SELECTS CYBERBANK PLATFORM
In a notable commercial development disclosed alongside the quarterly results, Banco de la Nación Argentina selected SoFi's Cyberbank Digital platform for its digital banking modernisation programme. Banco Nación is one of South America's largest state-owned banks, and its decision to deploy Cyberbank Digital represents a significant enterprise client win for SoFi's technology services division, which licences its banking platform to financial institutions seeking to update and modernise their digital infrastructure and customer-facing applications.
The Banco Nación Argentina contract underlines the potential of SoFi's technology platform business as a revenue source independent of the company's own consumer-facing financial products. Cyberbank Digital is designed for large financial institutions undertaking core banking transformation, and the agreement with a major Latin American state bank extends SoFi's technology client base beyond North America into a market where banking digitalisation investment is accelerating. The quarterly results were disclosed in a press release published on the company's investor relations website on 28 October 2025, covering performance across all three of its business segments for the three months ended in September.