Earnings ·
Chime Financial reported second-quarter 2026 revenue of $670 million, a 27% year-over-year increase, driven by strong…
CHYMChime Financial, Inc.
Chime Financial reported second-quarter 2026 revenue of $670 million, a 27% year-over-year increase, driven by strong adoption of its Chime Prime membership tier and growth in Active Members to 10.4 million. The company achieved GAAP net income of $28 million, marking the second consecutive quarter of profitability, and raised full-year revenue guidance to between $2.725 billion and $2.745 billion. Concurrently, Chime announced a restructuring plan involving approximately 10% workforce reduction, estimating net cash charges of $16 million to $20 million in Q3 2026. CFO Matthew Newcomb stepped down effective August 7, 2026, with President Mark Troughton appointed as Interim CFO. Chime Financial operates in the financial technology industry, providing digital banking, payments, lending, and investing products.