Chime Financial (CHYM) Q3 2025 earnings summary

Executive summary

• Achieved 29% year-over-year revenue growth in Q3 2025 to $544M, with 21% growth in Active Members to 9.1M and a 9 percentage point improvement in adjusted EBITDA margin, both exceeding guidance.

• Completed IPO in June 2025, raising $770.6M in net proceeds and converting all preferred stock to common stock.

• Launched and scaled MyPay and Chime Card, driving higher engagement, monetization, and platform-related revenue growth.

• Completed migration to proprietary ChimeCore platform, enhancing efficiency, reducing costs, and accelerating innovation.

• Announced a $200 million share repurchase program, reflecting confidence in financial strength.

Financial highlights

• Q3 2025 revenue: $544M (+29% Y/Y); gross profit: $474M (87% margin); transaction profit: $377M (69% margin); adjusted EBITDA: $29M (5% margin, up 9pp Y/Y).

• Net loss for Q3: $(54.7)M, primarily due to $1.0B in stock-based compensation recognized upon IPO.

• Payments revenue: $363M, up 16% year-over-year; platform-related revenue: $180M, up 65% year-over-year.

• Purchase Volume: $32.3B, up 15% year-over-year; OIT volume reached $640M in Q3.

• Non-GAAP OpEx as a percentage of revenue improved by 14pp year-over-year.

Outlook and guidance

• Q4 2025 revenue expected between $572M–$582M (20–23% Y/Y growth); adjusted EBITDA expected between $43M–$48M (8% margin).

• Full-year 2025 revenue guidance raised to $2.163B–$2.173B (29–30% Y/Y growth); adjusted EBITDA to $113M–$118M (5% margin).

• 2026 expected to see continued strong top-line growth, further transaction margin expansion, and slower OpEx growth.

• Management anticipates transaction margin pressure as liquidity products scale and increased investment in technology, member support, and compliance as a public company.