Revenue growth accelerated 30.7% year-over-year to $577.0M in Q2 2026, but operating margin remained deeply negative at -47.6%, despite a second consecutive quarter of GAAP net income of $27.9M.
Chime Financial, Inc. Class A Common Stock (CHYM) annual income statement — 4-year revenue, gross profit & net income history
| Metric | TTM | Dec'25 | Dec'24 | Dec'23 | Dec'22 |
|---|
| Net Interest Income | 0 | 0 | 0 | 0 | 0 |
| NII Growth % | 0% | - | - | - | - |
| Net Interest Margin % | 0% | 0% | 0% | 0% | 0% |
| Interest Income | 0 | 0 | 0 | 0 | 0 |
| Interest Expense | 0 | 0 | 0 | 0 | 0 |
| Loan Loss Provision | 301.17M | 309.03M | 207.51M | 219.74M | 214.69M |
| Non-Interest Income | 2.36B | 2.19B | 1.67B | 1.28B | 1.01B |
| Non-Interest Income % | 100% | 100% | 100% | 100% | 100% |
| Total Net Revenue | 2.36B | 2.19B | 1.67B | 1.28B | 1.01B |
| Revenue Growth % | 64.31% | 30.69% | 30.88% | 26.73% | - |
| Non-Interest Expense | 2.11B | 2.92B | 1.53B | 1.29B | 1.27B |
| Efficiency Ratio | 89.42% | 133.43% | 91.32% | 101.26% | 126.17% |
| Operating Income | -50.99M | -1.04B | -62.2M | -235.78M | -478.7M |
| Operating Margin % | -2.16% | -47.56% | -3.72% | -18.44% | -47.45% |
| Operating Income Growth % | - | -1572.02% | 73.62% | 50.74% | - |
| Pretax Income | -17.2M | -1.01B | -22.73M | -202.97M | -470.59M |
| Pretax Margin % | -0.73% | -46.15% | -1.36% | -15.88% | -46.65% |
| Income Tax | 994K | 831K | 2.61M | 234K | -337K |
| Effective Tax Rate % | -5.78% | -0.08% | -11.48% | -0.12% | 0.07% |
| Net Income | -18.19M | -1.01B | -25.34M | -203.2M | -470.25M |
| Net Margin % | -0.77% | -46.18% | -1.51% | -15.89% | -46.61% |
| Net Income Growth % | - | -3884.91% | 87.53% | 56.79% | - |
| Net Income (Continuing) | -18.19M | -1.01B | -25.34M | -203.2M | -470.25M |
| EPS (Diluted) | -0.05 | -2.60 | -0.07 | -0.56 | -1.29 |
| EPS Growth % | - | -3635.63% | 87.57% | 56.59% | - |
| EPS (Basic) | - | -2.67 | -0.07 | -0.56 | -1.29 |
| Diluted Shares Outstanding | 396.94M | 388.17M | 364.42M | 364.42M | 364.42M |
Quick answers to the most common questions about buying CHYM stock.
For fiscal year 2025, Chime Financial, Inc. Class A Common Stock (CHYM) reported total revenue of $2.19B. This represents a 116.8% increase compared to $1.01B in 2022.
Chime Financial, Inc. Class A Common Stock (CHYM) reported a net loss of $1.01B for the fiscal year ending 2025.
Chime Financial, Inc. Class A Common Stock (CHYM) reported an operating income of $-1040.0M, resulting in an operating profit margin of -47.6%. This margin reflects the operational efficiency of the business before interest and taxes.
Chime Financial, Inc. Class A Common Stock (CHYM) generated $1.88B in gross profit for the year, representing a gross profit margin of 85.9%. This demonstrates the company's core pricing power and production efficiency.
Key Metrics
Top Statement Risk
Dependence on interchange revenue
Metrics are mathematically derived from official filings.
Interchange-Driven Revenue Model
Chime's revenue is entirely fee-based, with no net interest income, reflecting its non-chartered neobank model. According to recent financial statements, total revenue grew 30.7% year-over-year to $577 million in Q2 2026.
The absence of net interest income underscores Chime's reliance on interchange fees from debit and credit card transactions. This model provides stable, recurring revenue tied to consumer spending but lacks the cyclical upside of traditional bank lending. The 30.7% YoY growth suggests strong transaction volume expansion, likely driven by increased user engagement and direct deposit penetration.
High Gross, Negative Operating Margins
Chime's gross margin is exceptionally high at 85.87%, but operating margin is deeply negative at -47.56%, indicating heavy investment in growth. As reported in financial statements, this gap highlights a blitzscaling phase where revenue growth is prioritized over profitability.
The stark contrast between gross and operating margins suggests that customer acquisition and R&D costs are substantial. While the high gross margin reflects the low variable cost of digital operations, the negative operating margin implies that Chime is spending aggressively to expand its user base. This strategy may be sustainable if revenue growth continues to outpace cost growth, but investors should monitor the trajectory toward operating leverage.
Efficiency Ratio Remains Elevated
Chime's efficiency ratio improved to 81.3% in Q2 2026 from 97.9% in Q4 2025, but remains high relative to traditional banks. Based on reported figures, this suggests ongoing cost pressures despite recent GAAP profitability.
The efficiency ratio, defined as non-interest expense divided by total revenue, indicates that Chime is still spending a significant portion of its revenue on operating costs. The improvement from Q4 2025 to Q2 2026 is encouraging, but the ratio remains above the 60-70% range typical of mature banks. This suggests that Chime has yet to achieve the economies of scale needed to drive sustainable operating leverage.
Provision Expense Reflects Credit Risk
Provision for credit losses rose to $86.7 million in Q2 2026, up from $66.1 million in Q4 2025, representing 15% of revenue. According to recent earnings data, this increase may indicate growing credit risk in Chime's SpotMe and other lending-like features.
The provision expense, though not tied to traditional loans, likely covers losses from SpotMe advances and other liquidity products. The sequential increase suggests that credit losses are rising, possibly due to macroeconomic pressures on Chime's target demographic. Investors should monitor whether this trend continues, as it could pressure profitability and require higher capital reserves.
Fee Income Concentration Risk
Non-interest income constitutes 100% of Chime's revenue, with interchange fees as the primary driver. As disclosed in financial statements, this concentration exposes Chime to regulatory changes, such as Durbin Amendment modifications, that could compress margins.
Chime's revenue model is entirely dependent on transaction-based fees, making it highly sensitive to consumer spending and regulatory shifts. Unlike traditional banks that diversify with interest income, Chime has no such buffer. The lack of fee diversification increases vulnerability to any disruption in card payment rails or changes in interchange fee caps, which could significantly impact revenue.
Path to GAAP Profitability
Chime reported its second consecutive quarter of GAAP profitability in Q2 2026, with net income of $27.9 million, following a loss of $923.4 million in Q2 2025. This inflection suggests a potential turning point in the business model.
The swing from a massive loss to profitability is notable, but the negative operating margin of -47.6% indicates that net income is likely driven by non-operating items, such as interest income on cash reserves or one-time gains. The sustainability of this profitability is uncertain, as core operations remain unprofitable. Investors should watch whether operating margins improve in tandem with revenue growth to confirm a durable earnings inflection.
Earnings Quality Under Scrutiny
Despite GAAP profitability, Chime's operating margin remains deeply negative at -47.6%, suggesting that net income is not derived from core operations. This divergence warrants close monitoring, as it may indicate reliance on non-recurring items.
The gap between net income and operating income implies that Chime's profitability is not yet driven by its primary business activities. This could be due to interest income on its $466 million cash pile or other non-operating gains. If these items are one-time in nature, the recent profitability may not be sustainable. Additionally, the high provision expense and reliance on interchange revenue pose risks to future earnings quality.