Chime Financial (NASDAQ: CHYM) has seen its stock price drop significantly from a peak of $43—almost 40% above its IPO price of $27—to approximately $32 as of Tuesday. This decline follows concerns about competition from stablecoins, especially after the Senate passed a bill regulating these cryptocurrencies, which could challenge Chime’s core business model reliant on interchange fees.
Despite the current stock retreat, Chime’s revenue grew over 30% in 2024, and the company became profitable in Q1 2025, narrowing net losses from $25 million last year. With a market cap of about $11 billion, Chime trades at around 6x trailing revenues, which, while not cheap, is somewhat justified by its growth and improving margins.
