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# SoFi Technologies Posts Record Q1 2025 Net Revenue of $772 Million as Membership Tops 10.9 Million
- URL: https://www.theglobalbanker.com/sofi-technologies-record-q1-2025-net-revenue-772-million-membership-10-9-million/
- Published: 2025-04-29T11:03:00.000Z
- Updated: 2026-10-02T13:57:55.000Z
- Description: SoFi Technologies reported Q1 2025 net revenue of $771.8 million, up 20% year-on-year (adjusted net revenue up 33%), with net income of $71.1 million and 10.9 million members.
- Author: TGB Editorial Team
- Tags: Fintech, Americas, #archive

SoFi Technologies reported first-quarter 2025 net revenue of $771.8 million, a 20 per cent increase year-over-year (adjusted net revenue rose 33 per cent to $770.7 million) and another quarterly record for the San Francisco-based digital financial services company. Net income for the period came in at $71.1 million.

Total membership reached 10.9 million at the close of the quarter, a 34 per cent rise compared with the same period a year earlier. 

#### SEGMENT RESULTS

Financial Services segment net revenue more than doubled to $303.1 million, while Technology Platform revenue rose 10 per cent to $103.4 million. SoFi's technology platform provides banking infrastructure and financial services capabilities to third-party clients. 

SoFi Bank, the deposit-taking subsidiary that underpins the group's lending operations, reported total deposits of $27.3 billion at quarter-end. 

#### PRODUCTS

SoFi's products include personal loans, home loans, student loan refinancing, credit cards, investment products, and checking and savings accounts.