<p>Chime Financial NASDAQ: CHYM 現在成為了許多數字銀行從未能實現的目標。它是盈利的。</p>
<p>從表面上看，這是一件大事。該公司在第一季度展示了強勁的收入增長、擴大的利潤率和積極的回購。Chime 是一家能夠賺錢而不僅僅是燒錢的金融科技初創公司。</p>
<p>現在，Chime 需要證明其利潤是否足夠持久，以證明投資的合理性。</p>
<p>獲取 <strong>Chime Financial</strong> 的提醒：</p>
<h2>利潤終於到達底線</h2>
<p>Chime 的故事不再是關於潛力，而是關於執行。</p>
<p>該公司在第一季度報告了真正的收入——自上市以來的第一個盈利季度。該基於應用程序的數字銀行報告稱，在 647 百萬美元的收入中，GAAP 淨收入為 5300 萬美元，比去年同期增長了 25%。</p>
<p>按每股計算，該公司報告了 13 美分，遠高於預期的 3 美分。儘管預計今年每股收益將強勁，但 2027 年的模型預測實際收益將躍升至高達 84 美分。</p>
<p>這些結果和積極的前景是一個令人歡迎的轉變。就在 2025 年第四季度，該公司仍然在 596 百萬美元的收入中錄得 4500 萬美元的淨虧損。業務已經具有吸引力，但支出卻成為了障礙。</p>
<p>事實上，該公司的毛利率已經達到令人印象深刻的 89%，而交易利潤率，即 Chime 在支付核心銀行服務費用後保留的資金，達到了 72%。問題在於，市場營銷支出、技術投資和管理費用在利潤到達底線之前就已經消耗殆盡。</p>
<p>解決方案主要來自技術。儘管市場營銷和技術支出保持相對穩定，但公司將大部分處理轉移到內部，並在軟件開發和客户支持方面大力推進人工智能。一般和管理費用比第四季度下降了超過 3800 萬美元，或 35%，而收入則增加了 5100 萬美元。</p>
<p>因此，調整後的息税折舊攤銷前利潤（EBITDA）躍升至 1.19 億美元，利潤率為 18%，比去年提高了 13 個百分點。</p>
<h2>數字銀行模型開始成熟</h2>
<p>Chime 的整個業務運行在一個看似簡單的模型上。它提供免費的支票和儲蓄賬户、信用建設卡，以及為被傳統銀行忽視或服務不足的客户提供的日益增長的金融產品。</p>
<p>該公司主要通過互換費用賺錢，這為每位會員使用 Chime 借記卡或信用卡進行的每筆消費提供了一小部分收益。其他收入來自其即時貸款，這是一種小額貸款產品，使會員能夠在發薪日之間獲得現金。</p>
<p>業務正在增長。該公司擁有 1020 萬活躍用户，表示客户的參與度更深，採用更多產品的比例更高。特別是即時貸款的利潤率高於純互換，並且在重複借款人的損失率改善的同時也在增長。</p>
<p>該公司已將 2026 年全年的收入預期上調至 26.6 億至 26.9 億美元，意味着該年大約 22% 至 23% 的頂線增長。調整後的 EBITDA 預計將達到 4.16 億至 4.31 億美元，代表 16% 的利潤率。</p>
<p>董事會通過授權額外的 2 億美元股票回購計劃來強調自身的信心，這與第一季度的業績結果相輔相成。</p>
<h2>華爾街看到顯著的上行潛力</h2>
<p>分析師對 Chime 的情緒謹慎樂觀，給予中性買入的推薦。</p>
<p>在覆蓋該股票的 22 位分析師中，有 17 位給予買入評級，4 位持有評級，僅有 1 位賣出評級。</p>
<p>12 個月的平均目標價為 31.65 美元，意味着相較於近期交易水平大約有 80% 的上行空間。</p>
<p>這一切並非沒有風險。市場過去曾對 Chime 股票給予高度評價，但未見結果。該公司一年前以每股 27 美元上市，52 周高點接近 45 美元。</p>
<p>這些高估值並未實現。即使盈利，該股今年下跌近 30%，接近 52 周低點。</p>
<h2>風險仍然籠罩着轉機</h2>
<p>投資者顯然在定價風險。第一個風險可能是年初的利潤可能因季節性而被誇大。退税季節集中消費和貸款償還。管理層已承認潛在影響，未來幾個季度可能會顯得疲軟，直到全年數據變得清晰。</p>
<p>信用健康也是一個問題。即時貸款前景良好，但 Chime 的核心客户羣體年輕且收入較低，通常信用歷史較薄弱。該人羣對經濟變化非常敏感。</p>
<p>金融服務行業的競爭是第三個也是最具挑戰性的。Chime 面臨着追逐相同互換和貸款收入的金融科技競爭對手。傳統銀行如摩根大通和美國銀行也在投資數字產品。</p>
<p>但對於那些具有較高風險承受能力和多年度投資視野的投資者來説，Chime 至少回答了自上市以來面臨的最緊迫的問題：它所運行的模型是否最終能夠盈利？這不再是一個承諾，而是一個需要捍衞的結果。</p>
<h2>你現在應該投資 1000 美元在 Chime Financial 嗎？</h2>
<p>在考慮 Chime Financial 之前，你需要聽聽這個。</p>
<p>MarketBeat 每天跟蹤華爾街頂級評級和表現最佳的研究分析師及其推薦的股票。MarketBeat 已識別出五隻股票，頂級分析師正在悄悄地向客户推薦在更廣泛的市場關注之前購買……而 Chime Financial 並不在名單上。</p>
<p>雖然 Chime Financial 目前在分析師中獲得中性買入評級，但頂級分析師認為這五隻股票更值得投資。</p>
<p>在這裏查看這五隻股票</p>

CHYM

<p>Chime Financial 報告了其首個盈利季度，實現了 5300 萬美元的 GAAP 淨收入，營收為 6.47 億美元，同比增長 25%。該公司改善了利潤率並降低了成本，特別是通過內部處理和人工智能整合。Chime 目前擁有 1020 萬活躍用户，預計 2026 年的收入在 26.6 億美元到 26.9 億美元之間。分析師對其持謹慎樂觀的態度，給予中性買入的建議，但仍存在風險，包括潛在的季節性影響和金融科技領域的競爭</p>

<p>Chime Financial NASDAQ: CHYM is now something many digital banks never become. It is profitable.</p>
<div class="lb-trans"><p>Chime Financial NASDAQ: CHYM 現在成為了許多數字銀行從未能實現的目標。它是盈利的。</p>
</div><p>On the surface, that’s a big deal. The company showed in the first quarter strong revenue growth, expanding margins, and aggressive buybacks. Chime is a fintech startup that can earn money rather than just burn it.</p>
<div class="lb-trans"><p>從表面上看，這是一件大事。該公司在第一季度展示了強勁的收入增長、擴大的利潤率和積極的回購。Chime 是一家能夠賺錢而不僅僅是燒錢的金融科技初創公司。</p>
</div><p>Now, Chime needs to show whether the profit is durable enough to justify investing.</p>
<div class="lb-trans"><p>現在，Chime 需要證明其利潤是否足夠持久，以證明投資的合理性。</p>
</div><p>Get <strong>Chime Financial</strong> alerts:</p>
<div class="lb-trans"><p>獲取 <strong>Chime Financial</strong> 的提醒：</p>
</div><h2>Profits Finally Reach the Bottom Line</h2>
<div class="lb-trans"><h2>利潤終於到達底線</h2>
</div><p>Chime’s story is no longer about potential but execution.</p>
<div class="lb-trans"><p>Chime 的故事不再是關於潛力，而是關於執行。</p>
</div><p>The company reported genuine income in the first quarter—its first profitable quarter since going public. The app-based neobank reported $53 million in GAAP net income for the year’s first three months on revenue of $647 million, up 25% from a year earlier.</p>
<div class="lb-trans"><p>該公司在第一季度報告了真正的收入——自上市以來的第一個盈利季度。該基於應用程序的數字銀行報告稱，在 647 百萬美元的收入中，GAAP 淨收入為 5300 萬美元，比去年同期增長了 25%。</p>
</div><p>On a per-share basis, the company reported 13 cents, well above the 3 cents expected. And while earnings per share are expected to be strong this year, models for 2027 predict a real jump to as high as 84 cents.</p>
<div class="lb-trans"><p>按每股計算，該公司報告了 13 美分，遠高於預期的 3 美分。儘管預計今年每股收益將強勁，但 2027 年的模型預測實際收益將躍升至高達 84 美分。</p>
</div><p>These results and the positive outlook are a welcome turnaround. As recently as the fourth quarter of 2025, the company still posted a net loss of $45 million on revenue of $596 million. The business was already attractive, but spending got in the way.</p>
<div class="lb-trans"><p>這些結果和積極的前景是一個令人歡迎的轉變。就在 2025 年第四季度，該公司仍然在 596 百萬美元的收入中錄得 4500 萬美元的淨虧損。業務已經具有吸引力，但支出卻成為了障礙。</p>
</div><p>In fact, the company’s gross margin was already an impressive 89%, and the transaction margin, meaning how much money Chime kept after paying for its core banking services, sat at 72%. The problem was that marketing spending, technology investment, and overhead were eating the profits before they could reach the bottom line.</p>
<div class="lb-trans"><p>事實上，該公司的毛利率已經達到令人印象深刻的 89%，而交易利潤率，即 Chime 在支付核心銀行服務費用後保留的資金，達到了 72%。問題在於，市場營銷支出、技術投資和管理費用在利潤到達底線之前就已經消耗殆盡。</p>
</div><p>The fix came mostly with technology. While marketing and tech spending stayed relatively level, the company moved much of its processing in-house and pushed hard into artificial intelligence for software development and customer support. General and administrative costs fell more than $38 million, or 35%, from the fourth quarter, while revenue rose $51 million.</p>
<div class="lb-trans"><p>解決方案主要來自技術。儘管市場營銷和技術支出保持相對穩定，但公司將大部分處理轉移到內部，並在軟件開發和客户支持方面大力推進人工智能。一般和管理費用比第四季度下降了超過 3800 萬美元，或 35%，而收入則增加了 5100 萬美元。</p>
</div><p>As a result, adjusted earnings before interest, taxes, depreciation, and amortization (EBITDA) jumped to $119 million with an 18% margin, up 13 percentage points from a year earlier.</p>
<div class="lb-trans"><p>因此，調整後的息税折舊攤銷前利潤（EBITDA）躍升至 1.19 億美元，利潤率為 18%，比去年提高了 13 個百分點。</p>
</div><h2>A Digital Banking Model Begins to Mature</h2>
<div class="lb-trans"><h2>數字銀行模型開始成熟</h2>
</div><p>Chime’s whole business runs on a deceptively simple model. It offers free checking and savings accounts, a credit-builder card, and a growing suite of financial products for customers who are underserved or avoided by traditional banks.</p>
<div class="lb-trans"><p>Chime 的整個業務運行在一個看似簡單的模型上。它提供免費的支票和儲蓄賬户、信用建設卡，以及為被傳統銀行忽視或服務不足的客户提供的日益增長的金融產品。</p>
</div><p>The company primarily makes money through interchange fees, which provide a small cut of every purchase that a member makes with a Chime debit or credit card. Other revenue comes in through its Instant Loans, a small-dollar lending product that gives members access to cash between paychecks.</p>
<div class="lb-trans"><p>該公司主要通過互換費用賺錢，這為每位會員使用 Chime 借記卡或信用卡進行的每筆消費提供了一小部分收益。其他收入來自其即時貸款，這是一種小額貸款產品，使會員能夠在發薪日之間獲得現金。</p>
</div><p>The business is growing. With 10.2 million active users, the company says customers are engaging more deeply and adopting more products at a higher rate. Instant Loans, in particular, carries higher margins than pure interchange and is growing while loss rates among repeat borrowers are improving.</p>
<div class="lb-trans"><p>業務正在增長。該公司擁有 1020 萬活躍用户，表示客户的參與度更深，採用更多產品的比例更高。特別是即時貸款的利潤率高於純互換，並且在重複借款人的損失率改善的同時也在增長。</p>
</div><p>The company has raised its full-year 2026 revenue outlook to between $2.66 billion and $2.69 billion, implying roughly 22% to 23% top-line growth for the year. Adjusted EBITDA is expected to reach $416 million to $431 million, representing a 16% margin.</p>
<div class="lb-trans"><p>該公司已將 2026 年全年的收入預期上調至 26.6 億至 26.9 億美元，意味着該年大約 22% 至 23% 的頂線增長。調整後的 EBITDA 預計將達到 4.16 億至 4.31 億美元，代表 16% 的利潤率。</p>
</div><p>The board underscored its own confidence by authorizing an additional $200 million share-repurchase program alongside the first quarter results.</p>
<div class="lb-trans"><p>董事會通過授權額外的 2 億美元股票回購計劃來強調自身的信心，這與第一季度的業績結果相輔相成。</p>
</div><h2>Wall Street Sees Significant Upside Potential</h2>
<div class="lb-trans"><h2>華爾街看到顯著的上行潛力</h2>
</div><p>Analyst sentiment on Chime is cautiously bullish with a Moderate Buy recommendation.</p>
<div class="lb-trans"><p>分析師對 Chime 的情緒謹慎樂觀，給予中性買入的推薦。</p>
</div><p>Among the 22 analysts who cover the stock, 17 rate it a Buy with four Holds and just one Sell.</p>
<div class="lb-trans"><p>在覆蓋該股票的 22 位分析師中，有 17 位給予買入評級，4 位持有評級，僅有 1 位賣出評級。</p>
</div><p>The average 12-month price target is $31.65, implying roughly 80% upside from recent trading levels.</p>
<div class="lb-trans"><p>12 個月的平均目標價為 31.65 美元，意味着相較於近期交易水平大約有 80% 的上行空間。</p>
</div><p>None of this comes without risk. The market has touted Chime shares in the past without seeing the results. The company went public a year ago at $27 a share and hit nearly $45 as its 52-week high.</p>
<div class="lb-trans"><p>這一切並非沒有風險。市場過去曾對 Chime 股票給予高度評價，但未見結果。該公司一年前以每股 27 美元上市，52 周高點接近 45 美元。</p>
</div><p>Those high valuations have not panned out. Even with the profitability, the stock is down nearly 30% this year, near a 52-week low.</p>
<div class="lb-trans"><p>這些高估值並未實現。即使盈利，該股今年下跌近 30%，接近 52 周低點。</p>
</div><h2>Risks Still Shadow the Turnaround</h2>
<div class="lb-trans"><h2>風險仍然籠罩着轉機</h2>
</div><p>Investors are clearly pricing in the risks. The first may be that profits at the start of the year could be inflated by seasonality. Tax refund season concentrates spending and loan repayments. Management has acknowledged the potential impact, and future quarters may look softer until full-year figures becomes clear.</p>
<div class="lb-trans"><p>投資者顯然在定價風險。第一個風險可能是年初的利潤可能因季節性而被誇大。退税季節集中消費和貸款償還。管理層已承認潛在影響，未來幾個季度可能會顯得疲軟，直到全年數據變得清晰。</p>
</div><p>Credit health is also a concern. Instant Loans is promising, but Chime’s core customer base, which is younger and lower income, often have thinner credit histories. That demographic can be highly sensitive to economic changes.</p>
<div class="lb-trans"><p>信用健康也是一個問題。即時貸款前景良好，但 Chime 的核心客户羣體年輕且收入較低，通常信用歷史較薄弱。該人羣對經濟變化非常敏感。</p>
</div><p>Competition in the financial services sector is third and potentially most daunting. Chime faces fintech rivals chasing the same interchange and lending revenue. And traditional banks like JPMorgan Chase NYSE: JPM and Bank of America NYSE: BAC are investing in digital products.</p>
<div class="lb-trans"><p>金融服務行業的競爭是第三個也是最具挑戰性的。Chime 面臨着追逐相同互換和貸款收入的金融科技競爭對手。傳統銀行如摩根大通和美國銀行也在投資數字產品。</p>
</div><p>But for those investors with a higher risk tolerance and a multi-year horizon, Chime has at least answered the most pressing question it’s faced since going public: Can the model it runs finally make money? It’s no longer a promise. It’s now a result to defend.</p>
<div class="lb-trans"><p>但對於那些具有較高風險承受能力和多年度投資視野的投資者來説，Chime 至少回答了自上市以來面臨的最緊迫的問題：它所運行的模型是否最終能夠盈利？這不再是一個承諾，而是一個需要捍衞的結果。</p>
</div><h2>Should You Invest $1,000 in Chime Financial Right Now?</h2>
<div class="lb-trans"><h2>你現在應該投資 1000 美元在 Chime Financial 嗎？</h2>
</div><p>Before you consider Chime Financial, you'll want to hear this.</p>
<div class="lb-trans"><p>在考慮 Chime Financial 之前，你需要聽聽這個。</p>
</div><p>MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Chime Financial wasn't on the list.</p>
<div class="lb-trans"><p>MarketBeat 每天跟蹤華爾街頂級評級和表現最佳的研究分析師及其推薦的股票。MarketBeat 已識別出五隻股票，頂級分析師正在悄悄地向客户推薦在更廣泛的市場關注之前購買……而 Chime Financial 並不在名單上。</p>
</div><p>While Chime Financial currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.</p>
<div class="lb-trans"><p>雖然 Chime Financial 目前在分析師中獲得中性買入評級，但頂級分析師認為這五隻股票更值得投資。</p>
</div><p>View The Five Stocks Here</p>
<div class="lb-trans"><p>在這裏查看這五隻股票</p>
</div>

Chime Financial 終於實現盈利——但風險依然存在