Chime Financial (CHYM) investor relations material

Executive summary

• Achieved 27% year-over-year revenue growth in Q2 2026 to $670M, with 20% growth in Active Members to 10.4M, driven by Chime Prime and product innovation, and marked a second consecutive quarter of GAAP profitability.

• Adjusted EBITDA margin expanded to 15%, up 12 percentage points year-over-year, with adjusted EBITDA of $102M, and net income reached $28M (4% margin).

• Major enterprise wins, including Allied Universal and a national retailer, signal growing momentum in the workplace channel, expected to drive member growth in 2027.

• Announced a 10% workforce reduction in July 2026 to streamline operations and enhance efficiency, leveraging AI for cost savings and productivity.

• Raised full-year 2026 guidance for both revenue and adjusted EBITDA, expecting to remain GAAP profitable each quarter.

Financial highlights

• Q2 2026 revenue: $670M (+27% year-over-year); gross profit: $595M (89% margin); net income: $28M; adjusted EBITDA: $102M (15% margin); transaction profit: $492M (73% margin, +36% year-over-year).

• Payments revenue grew 17% to $430M; platform-related revenue up 48% to $240M.

• MyPay origination volumes hit $4.5B, with transaction profit tripling to $73M and loss rates at 0.9%.

• Instant Loan originations grew nearly 70% quarter-over-quarter to $300M, with up to 50% lower loss rates for repeat borrowers.

• Operating expenses fell 59% year-over-year in Q2 2026, primarily due to lower stock-based compensation.

Outlook and guidance

• Q3 2026 revenue expected between $680M–$690M (25–27% YoY growth); Adjusted EBITDA $105M–$110M, margin 15–16%.

• Full-year 2026 revenue guidance raised to $2.725B–$2.745B (25–26% YoY growth); Adjusted EBITDA $465M–$475M, margin 17%.

• Expect to add 1.8 million net new active members in 2026, above the original goal of 1.4 million.

• Payroll costs expected to remain flat in 2027 due to restructuring.

• Management expects continued growth in Active Members and Purchase Volume, with ongoing investment in product innovation and operational efficiency.