Chime Is Down 27% From Its IPO Price, Yet Posting 29% Revenue Growth: Why This New $15 Million Bet Stands Out

Company Overview - Chime Financial operates a digital banking platform focused on accessible, low-cost financial services, leveraging a technology-driven approach and strategic bank partnerships to streamline operations and reduce costs [7] - The company offers mobile-first, fee-free banking services including checking, savings, early paycheck access, and overdraft protection, generating revenue primarily through interchange fees collected via partnerships with FDIC-insured banks [10] - As of February 13, 2026, Chime's market capitalization was $7.4 billion, with a revenue of $2.1 billion and a net income of -$984.8 million for the trailing twelve months [5] Recent Developments - On February 13, 2026, Ranger Investment Management disclosed a new position in Chime Financial, acquiring 591,255 shares valued at $14.88 million [1][2] - Chime's shares were priced at $19.69 on February 13, 2026, reflecting a 27% decrease from their $27 offering price in June [4] - The fintech reported $544 million in third-quarter revenue, a 29% year-over-year increase, with gross profit of $474 million and an 87% gross margin [12] Financial Performance - Active members of Chime climbed 21% to 9.1 million, and adjusted EBITDA turned positive at $29 million, representing a 5% margin and a 9-point year-over-year improvement [12] - Management expects full-year revenue of up to $2.173 billion and adjusted EBITDA of as much as $118 million [12] Investment Insights - Ranger's new position in Chime accounts for 1.02% of its 13F reportable assets under management as of December 31, 2025, with larger holdings in software and biotech [9] - The current trading price of Chime shares raises questions about the company's durability and long-term potential, with a focus on interchange resilience and member monetization [11][13]