CHYM Q2 2024 Earnings Report — Chime Financial, Inc. Class A Common Stock Revenue & Financial Results | Market Cap Arena

Chime Financial, Inc. Class A Common StockCHYM

Q2 2024 Earnings

Reported June 29, 2024

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	Q2 2024	Q1 2024	Q2 2023	QoQ Change	YoY Change
Revenue	$384M	$392M	—	-2.0%	—
Op. Income	-$9M	$5M	—	-287.6%	—
Gross Margin	86.9%	87.9%	—	-1.0pp	—
Net Margin	0.1%	4.1%	—	-4.0pp	—
EPS (Diluted)	$0.00	$0.25	—	-100.0%	—
Free Cash Flow	-$4M	$70M	—	-105.1%	—

Income Statement

Item	Amount
REVENUE	$384M
Cost of Revenue	$51M
GROSS PROFIT	$334M
R&D Expenses	$75M
Selling & Marketing	$118M
General & Administrative	$42M
SG&A Expenses	$160M
Other Expenses	$108M
Operating Expenses	$343M
Cost & Expenses	$394M
OPERATING INCOME	-$9M
Interest Income	$0
Interest Expense	$0
Other Income/Expenses	$10M
INCOME BEFORE TAX	$463.0K
Income Tax Expense	$78.0K
Net Income from Continuing Ops	$385.0K
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$385.0K
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$0
D&A	$6M
EBIT	-$9M
EBITDA	-$3M
EPS	$0
EPS Diluted	$0

Cash Flow Statement

Item	Amount
Net Income	$385.0K
Depreciation & Amortization	$6M
Stock-Based Compensation	$6M
Deferred Income Tax	$0
Other Non-Cash Items	$27M
Change in Working Capital	-$41M
OPERATING CASH FLOW	-$1M
Capital Expenditure	-$2M
Acquisitions (Net)	$0
Purchases of Investments	-$140M
Sales/Maturities of Investments	$178M
Other Investing Activities	-$37M
NET CASH FROM INVESTING	$481.0K
Net Debt Issuance	$0
Common Stock Repurchased	-$564.0K
Common Dividends Paid	$0
Other Financing Activities	$392.0K
NET CASH FROM FINANCING	-$172.0K
FREE CASH FLOW	-$4M
Net Change in Cash	-$1M