Earnings ·
Chime Reports Q3 Revenue of $718M, Up 32%, With Net Income of $44M
CHYMChime Financial, Inc.
Chime Financial reported third-quarter revenue of $718 million, a 32% increase year over year, driven by strong growth in payments and platform-related services. The company posted net income of $44 million, marking its third consecutive quarter of GAAP profitability, with adjusted EBITDA rising 19% to $137 million. Active members grew 20% to 10.9 million, while purchase volume accelerated to $38.5 billion. Management raised full-year revenue guidance to between $2.792 billion and $2.802 billion, citing structural improvements in growth and profitability. Chime operates as a financial technology company providing digital banking and lending services.