Chime Swings to Profit in Q2, Revenue Jumps 27%; Announces 10% Workforce Cut
CHYM sits 96% above its 52-week low of $15.88 on elevated volume (5.8× avg).
Summary
Chime reported Q2 2026 net income of $27.9M, a sharp turnaround from a $923.4M loss a year ago, as revenue grew 27% to $669.8M. The company also announced a 10% workforce reduction to improve efficiency.
Key Events · Earnings and Guidance · CHYM
-
Q2 Profitability
Net income of $27.9M vs. a $923.4M loss in Q2 2025, driven by a sharp drop in stock-based compensation expense following the IPO. Revenue grew 27% to $669.8M.
-
Member & Revenue Growth
Active Members reached 10.4M, up 20% YoY. Payments revenue rose 17% to $430M, and platform-related revenue surged 48% to $239.7M, led by MyPay and Instant Loans.
-
Margin Expansion
Adjusted EBITDA margin expanded to 15% from 3% a year ago, reflecting operating leverage as stock-based compensation normalized post-IPO.
-
Workforce Reduction
Subsequent to quarter-end, Chime announced a 10% workforce cut (~140 jobs), expecting $16M-$20M in net cash restructuring charges in Q3 2026, partially offset by a $9M-$12M reversal of stock-based compensation.
Analysis · CHYM · Finance
Chime delivered its second consecutive profitable quarter, with net income of $27.9 million compared to a $923.4 million loss a year ago. The dramatic swing was driven by a sharp drop in stock-based compensation expense following the IPO, not a fundamental deterioration in the business. Revenue grew 27% to $669.8 million, fueled by a 20% increase in Active Members to 10.4 million and strong adoption of credit and liquidity products. Adjusted EBITDA margin expanded to 15% from 3%, demonstrating significant operating leverage. However, the company also disclosed a subsequent 10% workforce reduction, signaling a focus on efficiency. The quarter shows a maturing fintech balancing growth with profitability, though the layoffs and ongoing legal risks (J.D. Power lawsuit) add caution.
How filings like this one have moved
In the 30 days to Oct 21, 2026, 37.2% of the 984 measured filings Wiseek scored 8 moved their stock by 5% or more by the next session's close. The median move was -0.83%. These are measured outcomes after filings of this importance, not a forecast for this one.
Measured one observation per ticker per day, after exclusions. Current figures: Filing Impact Tracker · open dataset
At the time of this filing, CHYM was trading at $31.20 on NASDAQ in the Finance sector, with a market capitalization of approximately $11.9B. The 52-week trading range was $15.88 to $33.99. This filing was assessed with positive market sentiment and an importance score of 8 out of 10.