Sofi Technologies Third Quarter Financial Report: Net Revenue Reaches $1.385 Billion
2026-10-27 20:57:47
CoinMeta Data: The US fintech company Sofi Technologies ( NASDAQ : SOFI ) released its third-quarter financial report on October 27th, with total net revenue reaching $1.385 billion, a year-on-year increase of 44%, and net profit at $241 million. The number of accounts for its crypto products increased to approximately 503,000. According to journalist Jacquelyn Melinek, Sofi's crypto transaction volume grew by 14% month-over-month in September, with about 44% of the users making their first transactions that month. BTC and XRP accounted for 39% and 18% of the transaction volume, respectively. Sofi also disclosed that it is gradually migrating its bank card business, which has an annual transaction volume of over $25 billion, to SofiUSD's stablecoin settlement system and has already reached a cooperation with Kraken's parent company, Payward. The company recently launched a tokenized deposit product, SofiE, which offers an initial annual yield of 4.40%.
Source:X
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