SoFi reported $1.183 million in Q2 net crypto transaction revenue from $134.267 million gross, but no standalone profit figure.
- SoFi reported $1.183 million in Q2 net crypto transaction revenue, a small fraction of its $134.267 million gross revenue, after accounting for $133.084 million in transaction costs.
- The company has 388,336 cumulative crypto accounts, but does not disclose standalone crypto profit or active user metrics, making per-user economics difficult to calculate.
- While net revenue saw a sequential increase from Q1, the filing indicates that SoFi acts as a principal in crypto transactions, with most revenue flowing back to cover asset purchases and sales.
Topics: Asset types, Scalability, Stablecoins digital cash, Growth metrics
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