Key Highlights

  • Shares rose 8.64% pre-market today to $32.45, versus Wednesday's close of $29.87.
  • Third-quarter Revenue grew 32% to $718 million, ahead of the roughly $704.7 million estimate.
  • Net income of $44 million marked a third straight GAAP profit.
  • Active members reached a record 10.9 million, up 20%.
  • Full-year revenue guidance was raised to $2.792 billion to $2.802 billion.

Chime Financial (NASDAQ:CHYM) shares rose 8.64% in pre-market today to $32.45 after the mobile-first digital banking company reported a third-quarter beat and raised its full-year revenue outlook. The stock closed Wednesday up 5.92% at $29.87.

Based in San Francisco and founded in 2012, Chime offers fee-free checking and savings, debit and credit-builder cards, and Liquidity products such as MyPay and Instant Loans to mainstream U.S. consumers through partner banks. It went public in June 2025 and has about 1,500 employees.

Platform Revenue Surges 52% as MyPay Originations Hit a Record

Revenue grew 32% year over year to $718 million, up from 27% growth last quarter. Adjusted EPS of $0.11 compared with an estimate of $0.09, and adjusted EBITDA was $137 million, a 19% margin. Platform revenue rose 52% to $274 million.

MyPay originated a record $5.3 billion, with revenue up 54% and a loss rate near 1.1%, producing $80 million of transaction profit. Instant Loans originated $381 million and passed $115 million in annualized revenue, though loss rates ticked up slightly on first-time Prime borrowers.

Stride Bank Deal Targets a First-Half 2027 Close

The pending Stride Bank Acquisition is expected to close in the first half of 2027, pending regulatory approval, and to be accretive from close. Chime expects more than $100 million of annual net after-tax synergies at full run rate, 12 to 18 months after closing, and plans to stay below $10 billion in assets. Pro forma Assets were about $6.5 billion.

Active members reached 10.9 million, up 20%, with a record 1.8 million net adds over 12 months. Credit reached 29% of purchase volume, and Chime Prime members generate more than twice the revenue per active member of the average member.

Margin Comment and Fourth-Quarter Guidance Set the Next Test

Fourth-quarter revenue is guided to $757 million to $767 million, up 27% to 29%, with adjusted EBITDA of $161 million to $166 million. Full-year adjusted EBITDA is guided to $519 million to $524 million, a 19% margin. Management said incremental margins may not stay in the 60s, and plans to give 2027 guidance on the fourth-quarter call.

B. Riley raised its price target to $45 from $44. Chime has a market Capitalization of about $11.31 billion and a 52-week range of $15.88 to $35.55.