Quarterly ResultMay 6, 2026, 04:15 PM
Chime Q1 Revenue +25% to $647M; Achieves GAAP Profitability; $200M Buyback
AI Summary
Chime Financial, Inc. reported strong first-quarter 2026 financial results, with revenue increasing 25% year-over-year to $647 million and achieving GAAP profitability for the first time as a public company. The company also announced an additional $200 million share repurchase authorization, reflecting confidence in its financial strength. Chime raised its full-year 2026 revenue and adjusted EBITDA guidance, driven by strong member growth and product adoption.
Key Highlights
- Board approved an additional $200.0 million share repurchase authorization.
- Q1 2026 Revenue increased 25% year-over-year to $647 million, exceeding guidance.
- Achieved GAAP Net Income of $53 million and an 8% net margin.
- Adjusted EBITDA was $119 million, with an 18% margin, up 13 percentage points year-over-year.
- Active Members grew 19% year-over-year to 10.2 million.
- Raised full-year 2026 revenue guidance to $2.66B-$2.69B (22%-23% YoY growth).
- Raised full-year 2026 Adjusted EBITDA guidance to $416M-$431M (16% margin).
- Launched Chime Prime, a new premium membership tier, in April.