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Crypto•7 May 2026•

1 min read

SoFi Q1 Crypto Revenue Hits $121.6 Million Amid High Operational Costs

Key Facts

1SoFi’s crypto relaunch generated $121.6 million in Q1 revenue, but almost all of it was offset by costs.

2The company launched the SoFiUSD stablecoin for enterprise payments in December and partnered with Mastercard for settlement.

SoFi reported $121.6 million in revenue from its relaunched crypto operations during the first quarter. Despite the significant top-line growth, high operational costs offset nearly all gains, neutralizing the segment's overall profitability. This revenue surge follows the December launch of the SoFiUSD stablecoin, specifically designed for enterprise-level payments. Additionally, the company strengthened its market position through a strategic partnership with Mastercard for financial settlement services. Analysts note that balancing revenue expansion with operational efficiency remains a primary challenge for SoFi’s digital asset ambitions. These results highlight SoFi's commitment to fintech innovation despite immediate pressure on margins.