SoFi’s crypto unit generated $121.6 million in revenue in Q1 2026, with $120.7 million in costs. This resulted in only $852,000 in net crypto income. SoFiUSD, a stablecoin launched by SoFi, faces regulatory challenges under the GENIUS Act. Overall, SoFi’s Q1 results were strong with net revenue reaching $1.1 billion.

Leave a Reply