Chime Financial, Inc.
chime.comWhat Do They Do?
Provides mobile financial products for everyday Americans, including spending, savings and short-term credit services, through bank partners.
10-K for FY2025, filed Mar 6, 2026We created Chime to help everyday people make progress in their financial lives. For too long, millions of Americans, including the nearly…View ↗
We have built a suite of affordable, easy-to-use products that address the most critical financial needs of everyday people. In a landscape…View ↗
The liquidity products we offer through our platform, including SpotMe, MyPay, and Instant Loans, provide our eligible members access to…View ↗
Our business model is rooted in our partnerships with two OCC-regulated, FDIC-insured national banks: The Bancorp Bank, N.A. (“Bancorp”)…View ↗
How Do They Make Money?
Most revenue comes from fees on members’ debit- and credit-card purchases; card networks set the rates, and fees are generally collected monthly through bank partners. Other revenue comes from member fees for instant MyPay advances, out-of-network ATM withdrawals and instant transfers, plus partner payments for referrals.
10-K for FY2025, filed Mar 6, 2026The Company earns payments revenue in exchange for providing payment services for its members. Payments revenue is based on interchange…View ↗
The Company is the principal in providing the payment services under the Company’s contracts with its members. In collaboration with its…View ↗
Chime offers MyPay to its members, which enables them to receive money in advance of payday up to a predetermined limit for free within 24…View ↗
The Company offers its members access to fee-free ATMs. Each time members withdraw money at certain ATMs that are not in the Company’s…View ↗
The Company also generates revenue from third-party partnership agreements through products such as Insurify, Experian Boost, and its…View ↗
$2.2B
-
10-K for FY2025, filed Mar 6, 2026
$2.2B ↗
| Segment | Share | Revenue | How money arrives |
|---|---|---|---|
|
Payments revenue
Usage-based
10-K for FY2025, filed Mar 6, 2026 |
69% |
Payments revenue, FY2025
$1.5B Sources
|
Usage-based |
|
Platform-related revenue
|
31% |
Platform-related revenue, FY2025
$686.2M Sources
|
|
|
MyPay
Usage-based
10-K for FY2025, filed Mar 6, 2026 |
15% |
MyPay, FY2025
$333.5M Sources
|
Usage-based |
Who Are Their Customers?
Everyday consumers access Chime’s financial products through its app and partner banks. Employers use Chime Workplace to offer financial services and employee benefits tools to their employees.
10-K for FY2025, filed Mar 6, 2026We have built a suite of affordable, easy-to-use products that address the most critical financial needs of everyday people. In a landscape…View ↗
Checking Account. Chime offers access to full-featured, FDIC-insured checking accounts provided through our platform by one of our bank…View ↗
Chime Workplace. Through Chime Workplace, we target medium to large enterprises through which we offer access to a suite of financial…View ↗
Do Revenues Turn Into Profits?
Not on paper. It lost $1B in FY2025, but brought in more cash than it spent: $32.9M of free cash flow.
10-K for FY2025, filed Mar 6, 2026
−$1BView ↗
10-K for FY2025, filed Mar 6, 2026
−$1BView ↗
10-K for FY2025, filed Mar 6, 2026
$32.9MView ↗
How Are They Changing?
- Net income
-
Sources
10-Q for Q2 FY2026, filed Aug 6, 2026
$27.9MView ↗
- ▲ Now profitable
- vs −$923.4M in Q2 FY2025
10-Q for Q2 FY2026, filed Aug 6, 2026
Open tableView ↗
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Sep 8, 2026
Agrees to acquire Stride Bank and raises 2026 guidance
The deal is for $590 million, pending regulatory approvals; Chime also raised its third-quarter and full-year outlook.
Sources
8-K, filed Sep 8, 2026
On September 8, 2026, Chime Financial, Inc., a Delaware corporation (“Chime” or the “Company”), entered into an Agreement and Plan of…View ↗
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Aug 5, 2026
Raises full-year outlook as CFO departs
Matthew Newcomb stepped down and President Mark Troughton became interim CFO; Chime also raised full-year guidance.
Sources
8-K, filed Aug 5, 2026
On August 5, 2026, the Company announced that Matthew Newcomb will step down from his position as the Company’s Chief Financial Officer…View ↗
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May 6, 2026
Raises full-year guidance after first-quarter results
Sources
8-K, filed May 6, 2026
Raises full-year guidance and announces an additional $200 million share repurchase authorizationView ↗
Who Do They Compete With?
Competes with Bank of America, Capital One, Citibank, J.P. Morgan Chase, PNC Bank, Wells Fargo, Ally, Discover, SoFi, Nubank, Revolut, Affirm, Klarna, and PayPal
10-K for FY2025, filed Mar 6, 2026We believe the traditional banking system has not effectively served everyday Americans, most of whom live paycheck-to-paycheck and often…View ↗
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