Chime Beats Its Own Raised Bar: Revenue Up 32%, Third Straight GAAP Profit, Guidance Lifted Again
CHYM sits 93% above its 52-week low of $15.88.
Summary
Chime delivered Q3 revenue of $718 million, up 32% year over year and ahead of the $705 million it guided to in September, with growth accelerating from 27% in Q2. Net income was $44 million, or 11 cents a share, the third consecutive GAAP profitable quarter, and adjusted EBITDA hit $137 million at a 19% margin versus 5% a year ago. Platform revenue (MyPay and Instant Loans) grew 52% to $274 million, MyPay originations set a record $5.3 billion with loss rates around 1%, and Active Members rose 20% to 10.9 million with a record 1.8 million net adds over the trailing year. Management raised full-year 2026 revenue guidance to $2.792-2.802 billion (28% growth) and Q4 revenue to $757-767 million, extending the upward revision cycle that began with the September 8 pre-announcement alongside the $590 million Stride Bank deal. The Stride acquisition remains on track to close in the first half of 2027 with more than $100 million in expected annual net after-tax synergies. The earnings call is at 5 p.m. ET today.
At the time of this announcement, CHYM was trading at $30.61 on NASDAQ in the Finance sector, with a market capitalization of approximately $11.3B. The 52-week trading range was $15.88 to $35.55. This news item was assessed with positive market sentiment and an importance score of 9 out of 10. Source: BusinessWire.