SoFi Technologies, Inc. (NASDAQ:SOFI) is one of the best high volume stocks to invest in according to hedge funds. On April 29, SoFi Technologies reported a record-breaking start to 2026, achieving GAAP net revenue of $1.1 billion, a 43% increase over the previous year. The company showed significant profitability with a GAAP net income of $167 million and a 62% rise in adjusted EBITDA to $340 million. CEO Anthony Noto attributed this performance to a focus on innovation and brand building, noting that SoFi’s diversified platform allowed it to exceed the “Rule of 40” for the 18th consecutive quarter.
The company saw unprecedented expansion in its user base and product portfolio, adding a record 1.1 million new members to reach a total of 14.7 million. Product growth surged 39% year-over-year to 22.2 million, supported by a strong cross-buying rate where 43% of new products were adopted by existing members. Financial Services remained a primary driver of this momentum, with SoFi Money, Relay, and Invest products seeing high demand, while total deposits grew to $40.2 billion.
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The company also advanced its digital infrastructure by launching SoFiUSD, a dollar-reserved stablecoin, and a new unified brand called SoFi Technology Solutions for enterprise clients. Looking ahead, SoFi Technologies, Inc. (NASDAQ:SOFI) expects to maintain this trajectory, projecting full-year 2026 adjusted net revenue of approximately $4.655 billion and 30% member growth.
SoFi Technologies, Inc. (NASDAQ:SOFI) provides various financial services. The company operates in the Technology Platform, Lending, and Financial Services segments. It provides the SoFi Credit Card, SoFi Relay, SoFi Protect, SoFi Travel, SoFi At Work, Lantern Credit, and others.
While we acknowledge the potential of SOFI as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you’re looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.
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