Chime Stock Surges as Revenue Increases by 27%

Chime shares have seen continuous growth this week, with the company’s stock rising by around 10% on Wednesday alone.

This comes after Chime reported that its quarterly revenue reached $670 million in the last quarter, representing a 27% increase compared with the same period last year.

The company now expects its revenue to grow by 25%-26% in 2026, significantly beating Wall Street analyst expectations of 22.7%. It also reported that its active membership has climbed by 20% to 10.4 million, while the average revenue per active member increased by 6% as well, to $260.

This rapid consumer growth has led to a second consecutive profitable quarter for Chime, as the company recorded $28 million in net income, showing that the digital bank is now finally entering the next phase of development after years of prioritizing customer growth.

“Under the hood, Chime Prime increasingly feels like a key driver as it is helping to accelerate member acquisition and ARPAM,” analysts at Seaport Research Partners wrote following the results.

However, this strong financial performance comes shortly after last week’s announcement that Chime is reducing its workforce by around 10%, due to AI advancements that the CEO Chris Britt says allows the company to operate with leaner teams and flatter structures.