No-Fee Banking Startup Chime Discloses Profit in IPO Filing (1)

Chime Financial Inc. filed publicly for an initial public offering, joining a growing number of candidates looking to go public in the brief window before the typical summer lull.

The no-fee banking services company disclosed net income of $12.9 million on revenue of $518.7 million for the first three months of 2025. That compares with net income of $15.9 million on revenue of $392 million a year earlier, according to its filing Tuesday with the US Securities and Exchange Commission. The company had filed its IPO plan confidentially last year, Bloomberg News reported.

Chime gives users bank-like services via ...