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UNISoFi says Q3 crypto revenue reached $162m with $1.6m kept after costs
SoFi Technologies reported $162m in gross crypto transaction revenue for the third quarter, offset by $160m in costs, alongside record group revenue and 17.1 million members.
Why it matters: The disclosure shows how thin the margin is on retail crypto trading even at a large fintech, with almost all gross crypto transaction revenue consumed by costs.
Key points
- Gross crypto transaction revenue was $162m against $160m in transaction costs, leaving $1.63m net.
- Crypto product count reached 503,070 by 30 Sept 2026, and SoFi raised its 2026 adjusted revenue forecast to $5.04bn.
SoFi Technologies reported $162m in gross crypto transaction revenue for the third quarter, but kept only $1.63m once $160m of transaction costs were deducted, Bitcoin.com News reports. The company disclosed the figures on 27 October in its quarterly earnings release, showing that roughly 99% of the gross crypto transaction revenue was absorbed by costs.
The crypto numbers sat inside a record quarter for the financial technology firm. GAAP net revenue climbed 44% year on year to $1.39bn and net income rose 73% to $241m, while adjusted EBITDA reached $470m and diluted earnings per share came in at 18 cents. Membership grew 35% to 17.1 million, including 1.2 million new members in the quarter, and total financial products reached 26.7 million.
Lending remained the largest part of the business, with loan originations of $16.9bn, up 71%, including $12.6bn in personal loans and $2.9bn in student loans. Deposits rose $5.8bn to $51.3bn. SoFi returned to crypto investing in the fourth quarter of 2025, and its crypto product count had reached 503,070 by 30 Sept 2026.
Beyond trading, SoFi's digital asset plans include its SoFiUSD stablecoin, tokenised deposits and partnerships with Mastercard and Kraken parent Payward. SoFi lifted its 2026 adjusted revenue forecast to $5.04bn and set a 2027 outlook of $6.4bn in adjusted revenue and $1.28bn in adjusted net income.
Live updates on NewsFeeds:AltcoinsStablecoinsDesk editor: Keshav Aggarwal (accountable for this page; this summary was not edited by hand)
How this was produced: an AI model wrote this summary of Bitcoin.com News’s report, which we credit and link above. Read our Editorial and AI policy. Spotted a mistake? See Corrections.
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