v3.26.1
Revenue
 3 Months Ended
Mar. 31, 2026
Revenue from Contract with Customer [Abstract]  
Revenue
Note 2. Revenue
In each of our revenue arrangements, revenue is recognized when control of the promised goods or services is transferred to the customer in an amount that reflects our expected consideration in exchange for those goods or services. Our arrangements are discussed in our Annual Report on Form 10-K, with notable updates provided herein.
Net crypto transaction revenue
In the fourth quarter of 2025, the Company launched SoFi Crypto, which gives members the ability to buy, sell and hold digital assets. Net crypto transaction revenue primarily consists of transaction fees earned from facilitating member buy and sell orders on our platform. See Note 1. Organization, Summary of Significant Accounting Policies and New Accounting Standards for additional information.
Disaggregated Revenue
The table below presents revenue from contracts with customers disaggregated by type of service, which best depicts how the revenue and cash flows are affected by economic factors, and by the reportable segment to which each revenue stream relates, as well as a reconciliation of total revenue from contracts with customers to total noninterest income.
Three Months Ended March 31,
20262025
Revenue from contracts with customers


Financial Services


Referrals, loan platform business(1)
$19,277 $19,700 
Referrals, other(2)
3,756 2,530 
Interchange(2)
35,201 22,812 
Brokerage(2)
15,104 6,985 
Net crypto transaction revenue(3)
852 — 
Other(2)(4)
5,972 1,731 
Total financial services80,162 53,758 
Technology Platform

Technology services48,784 85,988 
Other(4)
558 636 
Total technology platform(5)
49,342 86,624 
Total net revenue from contracts with customers129,504 140,382 
Other sources of revenue


Loan origination, sales, securitizations and servicing142,209 52,805 
Loan platform business, other(1)
118,978 73,050 
Other16,689 6,796 
Total other sources of revenue277,876 132,651 
Total noninterest income$407,380 $273,033 
_____________________
(1) Presented within noninterest income—loan platform fees in the condensed consolidated statements of operations and comprehensive income.
(2) Presented within noninterest income—other in the condensed consolidated statements of operations and comprehensive income.
(3) Total crypto transaction revenue is comprised of $121.6 million of Crypto transaction revenue and $120.7 million in Cost of crypto transaction revenue.
(4) Financial Services includes revenues from wire fee income, enterprise services, SoFi Plus subscriptions and equity capital markets services. Technology Platform includes revenues from software licenses and associated services, and payment network fees for serving as a transaction card program manager for enterprise customers that are the program marketers for separate card programs.
(5) Revenue from contracts with customers is presented within noninterest income—technology products and solutions and noninterest income—other in the condensed consolidated statements of operations and comprehensive income. Related to these technology platform services, we had deferred revenue of $7,599 and $8,535 as of March 31, 2026 and December 31, 2025, respectively, which are presented within accounts payable, accruals and other liabilities in the condensed consolidated balance sheets. We recognized revenue of $2,032 and $2,368 during the three months ended March 31, 2026 and 2025, respectively, associated with deferred revenue within noninterest income—technology products and solutions in the condensed consolidated statements of operations and comprehensive income.
Contract Balances
As of March 31, 2026 and December 31, 2025, accounts receivable, net associated with revenue from contracts with customers was $62,182 and $56,154, respectively, reported within other assets in the condensed consolidated balance sheets.
Costs of Obtaining Contracts with Customers
We capitalize incremental costs of obtaining a contract with a customer, which are certain commissions paid to third-parties in connection with the acquisition of member accounts. Capitalized costs are amortized over the life of the account. We elected the practical expedient to expense the incremental costs of obtaining a contract when the amortization period is one year
or less. The expense is reported in noninterest expense—sales and marketing on the condensed consolidated statements of operations and comprehensive income.
During the three months ended March 31, 2026 and 2025, we recognized associated amortization expense of $11,959 and $10,451, respectively.