SoFi Stock Gains as Revenue Jumps 41% Amid Strong Deposit Growth

Key Facts

1SoFi delivered 41% revenue growth and 62% EBITDA growth in its latest performance update.

2Company deposits reached $40.2 billion, supporting a net interest margin of 5.94%.

3The loan platform originated $3 billion in loans with no retained credit risk.

In a move reflecting its successful transition toward a comprehensive digital banking model, SoFi delivered a robust 41% revenue increase and a 62% jump in EBITDA. According to reports, company deposits reached $40.2 billion, which supported a strong net interest margin of 5.94%. Additionally, the firm's loan platform originated $3 billion in loans without retaining credit risk, further validating its capital-light growth strategy.

This performance stands out among digital banking peers, as market data indicates steady deposit inflows despite broader interest rate volatility. Compared to previous quarters, the growth to $40.2 billion in deposits highlights SoFi's increasing market share against traditional lenders. Analysts note that funding the majority of its loan portfolio through internal deposits rather than external borrowing provides a significant margin cushion in the current economic climate.

Regarding market performance, SOFI shares stood at $17.91 (close June 18, 2026), after hitting an intraday high of $17.99. Investors are now monitoring the fallout from the Federal Reserve's June 17, 2026, decision to hold interest rates at 3.75%, as central bank policy remains a primary catalyst for fintech valuation and net interest income trajectories.