Chime Financial, Inc. (CHYM)

Price$33.65Cached quoteAs of 2026-09-04 16:23 UTC

AI: Fair-priced

Price checkThe shares look fairly priced only if strong growth and improving cash profits continue.

Chime’s equity value is about $12.6 billion. After roughly $1.06 billion of cash and marketable securities and $50 million of warehouse borrowing, the business value is about $11.5 billion. That is about 4.2 times the midpoint of 2026 revenue guidance and 24.5 times management’s adjusted profit measure. Trailing free cash flow, meaning cash left after operations and capital spending, was about $312 million, implying roughly 37 times business value. That is reasonable for 25%–26% growth, but not cheap.

Big pictureRevenue is compounding quickly, but durable accounting profit is only beginning to appear.

Revenue rose from $1.28 billion in 2023 to $2.19 billion in 2025, then grew 25% and 27% year over year in the first two quarters of 2026. Chime earned $81 million across those two quarters after large 2025 losses were distorted by share-based employee pay triggered around its initial public offering. Operating cash flow also improved sharply. Still, first-quarter activity benefits from tax refunds, so recent growth and cash generation should not be treated as perfectly even through the year.

Business strengthChime has ample cash and growing member use, giving it room to expand.

At June 30, Chime held about $536 million of cash and $527 million of marketable securities, versus $387 million of bills and obligations due within a year. Active members reached 10.4 million, up 20%, while revenue per active member rose 6%. Chime repurchased $222 million of shares in the first half. That partly counters dilution, meaning each existing share represents less ownership when employee shares are issued. Employee share compensation was $130 million, with $551 million still unrecognized and about 23.8 million unvested share awards.

What could change the storyThe story improves if new products scale without losses, but weak credit trends would hurt.

The strongest bull case is that Chime Prime, MyPay, Instant Loans, and investing deepen each member relationship while member growth stays near 20%, supporting the raised 25%–26% revenue outlook and wider profits. The bear case is that lending-like products grow faster than their economics: second-quarter Instant Loan risk losses rose about $10 million year over year, and Chime says transaction losses may increase as these products scale. A sustained drop toward mid-teens growth or worsening loss rates would make the observed roughly 24.5-times guided adjusted-profit valuation difficult to defend.

AI: News

Q2 beat and outlook raiseChime beat second-quarter expectations and raised its outlook, strengthening confidence in its growth plan.

On August 5, Chime reported revenue of $670 million, up 27%, with 10.4 million active members and a second straight profitable quarter. It raised full-year revenue guidance to $2.725 billion–$2.745 billion and its adjusted-profit guidance to $465 million–$475 million. Reuters reported shares about 8% higher in extended trading after the release. The same announcement said longtime finance chief Matt Newcomb would step down, adding some leadership uncertainty despite the stronger operating outlook.

Ten percent workforce cutChime cut about one-tenth of its workforce to lower costs and reshape operations around automation.

On July 31, Chime committed to reducing about 10% of employees. It expects $16 million–$20 million of cash restructuring charges in the third quarter, partly offset by a $9 million–$12 million reversal of employee share compensation, producing a $6 million–$9 million net-income impact. The move can improve future efficiency if service quality and growth hold up. Reuters described the shares as little changed in morning trading, so attributing a specific market move to the cuts alone would be uncertain.

First profitable public quarterFirst-quarter profitability and a larger buyback showed Chime could grow while returning capital.

On May 6, Chime posted its first profitable quarter as a public company: revenue rose 25% to $647 million and net income reached $53 million. Active members grew 19% to 10.2 million, while purchase volume including instant transfers reached $40 billion. The board also added $200 million to its share-repurchase authorization. Reuters reported a roughly 4% after-hours gain. That quarter established that rapid growth could translate into accounting profit before the stronger second-quarter update.

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Revenue

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2023

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2025

Net income

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2023

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Free cash flow

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Total cash / debt

CashTotal debt

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Financial statements

	2025	2024	2023	2022
Revenue	$2.19B	$1.67B	$1.28B	$1.01B
Gross profit	$1.92B	$1.47B	$1.06B	$794.2M
Gross margin	87.97%	87.60%	82.81%	78.72%
Research & development	$934.9M	$309.6M	$259.0M	$242.4M
Operating expenses	$2.96B	$1.53B	$1.29B	$1.27B
Operating income	−$1.04B	−$62.2M	−$235.8M	−$478.7M
Operating margin	−47.56%	−3.72%	−18.44%	−47.45%
EBITDA	−$1.01B	−$36.8M	−$222.8M	−$471.4M
EBITDA margin	−46.19%	−2.20%	−17.43%	−46.73%
Net income	−$1.01B	−$25.3M	−$203.2M	−$470.3M
Net profit margin	−46.18%	−1.51%	−15.89%	−46.61%
Basic EPSper basic share	-$4.27	-$0.39	-$3.22	-$1.41
Diluted EPSper diluted share	-$4.27	-$0.39	-$3.22	-$1.41

Review official source filings ↗

Insider buys & sells

Jul 1, 2024–Jun 30, 2026

Buys3$60.8K disclosed value

Sells (SEC code S)16$9.57M disclosed value

Transaction	Insider	Type	Shares	Price	Value	Owned after
Jun 15, 2026Form 4	FRANKEL ADAM BGeneral Counsel	SellClass A Common Stock	3.0K	$17.50	$52.5K	303.8K
Jun 9, 2026Form 4	FRANKEL ADAM BGeneral Counsel	SellClass A Common Stock	3.0K	$18.00	$54.0K	306.8K
Mar 2, 2026Form 4	Marshall CynthiaDirector	SellClass A Common Stock	35.0K	$22.28	$779.8K	37.8K
Jan 9, 2026Form 4 · 10b5-1	Britt Christopher RChief Executive Officer	SellClass A Common Stock · indirect	50.0K	$28.06	$1.40M	0
Jan 9, 2026Form 4 · 10b5-1	Newcomb Matthew SChief Financial Officer	SellClass A Common Stock · indirect	10.0K	$28.01	$280.1K	2.24M

Review ownership filings at SEC.gov ↗

Community posts

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@tickerstat3 days ago
Chime agrees to acquire Stride Bank’s parent for $590 million
Chime ($CHYM) signed an agreement to acquire Central Service Corporation, the parent of Stride Bank, for $590 million, subject to contractual price adjustments. Both boards unanimously approved the transaction. The acquisition has not close ...
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Chime Financial, Inc. (CHYM)

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Chime agrees to acquire Stride Bank’s parent for $590 million