CHYM Q3 2024 Earnings Report — Chime Financial, Inc. Class A Common Stock Revenue & Financial Results | Market Cap Arena

Chime Financial, Inc. Class A Common StockCHYM

Q3 2024 Earnings

Reported September 29, 2024

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Metric	Q3 2024	Q2 2024	Q3 2023	QoQ Change	YoY Change
Revenue	$422M	$384M	$319M	9.8%	32.3%
Op. Income	-$31M	-$9M	-$78M	-224.6%	60.9%
Gross Margin	87.3%	86.9%	78.4%	0.5pp	8.9pp
Net Margin	-5.2%	0.1%	-21.5%	-5.3pp	16.3pp
EPS (Diluted)	$-0.06	$0.00	$-0.19	-Infinity%	68.2%

Income Statement

Item	Amount
REVENUE	$422M
Cost of Revenue	$54M
GROSS PROFIT	$368M
R&D Expenses	$80M
Selling & Marketing	$143M
General & Administrative	$47M
SG&A Expenses	$190M
Other Expenses	$129M
Operating Expenses	$399M
Cost & Expenses	$453M
OPERATING INCOME	-$31M
Interest Income	$0
Interest Expense	$0
Other Income/Expenses	$11M
INCOME BEFORE TAX	-$20M
Income Tax Expense	$2M
Net Income from Continuing Ops	-$22M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	-$22M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	-$22M
D&A	$7M
EBIT	-$31M
EBITDA	-$24M
EPS	-$0
EPS Diluted	-$0