0001795586-26-000035
SEC filingChime reported Q1 2026 financial results with $647M revenue up 25% YoY, first GAAP profitable quarter as public company with $53M net income, raised full-year guidance, and authorized $200M Class A share repurchase.
Chime's Q1 2026 results demonstrated robust execution, with revenue of $647 million surpassing guidance amid 25% year-over-year growth driven by 15% payments revenue increase to $433 million and 50% platform-related revenue growth to $215 million from MyPay and Instant Loans adoption. Gross profit hit $580 million at 90% margin, while transaction profit (non-GAAP) surged 41% to $491 million. The company achieved its first quarter of GAAP profitability as a public entity with $53 million net income, reflecting disciplined cost management and seasonal tax refund tailwinds. Adjusted EBITDA reached $119 million with 18% margin, up 13 percentage points year-over-year, highlighting strong incremental margins of 73%.
Business momentum was evident in 19% Active Member growth to 10.2 million and 5% ARPAM increase to $263, alongside 12% Purchase Volume growth to $39 billion. Key drivers included Chime Card adoption shifting credit mix to 25% of PV, MyPay's tenfold transaction profit growth at 1% loss rate, and $180 million Instant Loans originations with improving loss rates for repeat borrowers. Launch of Chime Prime premium tier targets higher-earning members with enhanced perks, boosting direct deposit intent and retention.
Management raised full-year 2026 guidance to $2.66-2.69 billion revenue (22-23% growth) and $416-431 million Adjusted EBITDA (16% margin), with Q2 at $633-643 million revenue and $72-77 million Adjusted EBITDA. Concurrently, the board authorized a $200 million Class A share repurchase, signaling confidence in valuation and cash generation, executable via open market, private deals, or Rule 10b5-1 plans under Rule 10b-18 where applicable. Earnings call hosted May 6, 2026, at 2:00 p.m. PT provides further details.