Chime posted Q2 GAAP net income of USD 28 million on revenue of USD 670 million, up 27% year over year.
Adjusted EBITDA (non-GAAP) climbed to USD 102 million; active members rose 20% to 10,400,000.
Purchase volume increased 17% to USD 38 billion, while ARPAM grew 6% to USD 260; gross margin was 89%.
Instant Loans originations jumped nearly 70% quarter over quarter to USD 300 million; MyPay origination volume reached USD 4.5 billion with a 0.9% loss rate.
Full-year outlook and leadership change
Chime raised full-year revenue guidance to USD 2.725 billion-USD 2.745 billion, targeting adjusted EBITDA of USD 465 million-USD 475 million; CFO Matt Newcomb steps down Aug. 7.
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