SoFi records first $1B revenue quarter; GAAP profit $173.5M in period ended Dec. 31

On Friday, SoFi Technologies reported its first quarter with revenue above $1 billion for the three months ended Dec. 31, with GAAP net income of $173.5 million. The company said it added a record 1.027 million members to reach 13.7 million and advanced its crypto push by launching consumer trading and the SoFiUSD stablecoin in December.