Quarterly ResultAug 5, 2026, 04:20 PM
Chime Q2 Revenue +27% to $670M; GAAP Profit; Raises FY Outlook
AI Summary
Chime Financial, Inc. reported strong Q2 2026 financial results, with revenue up 27% year-over-year to $670 million and a second consecutive quarter of GAAP profitability with net income of $28 million. The company also raised its full-year 2026 revenue guidance. Concurrently, Chime announced a reorganization involving a 10% workforce reduction, expecting $16 million to $20 million in net cash restructuring charges. Additionally, CFO Matthew Newcomb will step down, with President Mark Troughton appointed as President & Interim CFO.
Key Highlights
- Workforce reduction of approximately 10% of total personnel.
- Estimated $16 million to $20 million net cash restructuring charges in Q3 2026.
- CFO Matthew Newcomb to step down, Mark Troughton appointed President & Interim CFO.
- Q2 2026 Revenue increased 27% year-over-year to $670 million.
- Q2 2026 Net income was $28 million, marking second consecutive GAAP profitable quarter.
- Q2 2026 Adjusted EBITDA reached $102 million, with a 15% margin.
- Active Members grew 20% year-over-year to 10.4 million.
- Full-year 2026 revenue guidance raised to $2.725 billion - $2.745 billion.
Price Impact
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