**SoFi is** **profitable on a GAAP basis for the sixth quarter in a row**, turning in **6 cents in earnings per share**. That was **DOUBLE** what analysts estimated.
The fintech bank will **aggressively push back into cryptocurrency investing** after a “fundamental shift” in the regulatory landscape under the Trump administration.
The company achieved **$772 million in net revenue**, up 20% year-over-year
**$71 million in net income**.
**The member base grew 34% to 10.9 million**, while total products increased 35% to 15.9 million.
The company originated **$5.5 billion in personal loans** during the period, up 69% from a year before. **Student-loan origination volume of $1.2 billion** was up 59% from a year before, while **home-loan origination volume of $518 million** rose 54%
**Technology Platform enabled accounts increased by 5% year-over-year to 158 million**.
The **Technology Platform segment's net revenue of $103.4 million for the first quarter of 2025 increased 10% year-over-year.** The **contribution profit of $30.9 million reflected a contribution margin of 30%.** SoFi launched a **first-of-its-kind co-branded debit card program with Wyndham Hotels & Resorts.** The investment made in building this new capability will help the business win additional consumer-brand clients. ***SoFi also recently signed a deal with Mercantil Banco, which offers personal and business banking services in Panama, and will use our Cyberbank Digital banking platform.***
SoFi said **its credit performance has improved**, with a 3.31% annualized charge-off rate for personal loans during the first quarter. That compares with 3.37% in the fourth quarter.
The company **boosted its full-year forecast**, which now calls for **$3.235 to $3.310 billion in adjusted net revenue** versus the prior outlook of $3.200 billion to $3.275 billion. SoFi also anticipates **$875 million to $895 million in adjusted earnings** before interest, taxes, depreciation, and amortization, whereas it was previously calling for $845 million to $865 million.
For the **second quarter**, SoFi has **raised guidance** to **$785 million to $805 million** of adjusted net revenue, along with **$200 to $210 million in adjusted EBITDA**. Analysts previously anticipated $783 million and $196 million, respectively.