0001795586-26-000038 | 10-Q | XBRL Viewer

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MARKETABLE SECURITIES - Schedule of Contractual Maturity (Details) $ in Thousands	Mar. 31, 2026 USD ($)
Amortized Cost
Within one year	$ 356,489
After one year to five years	46,956
Total	403,445
Fair Value
Within one year	356,765
After one year to five years	46,840
Total	$ 403,605

- Definition

Amount of investment in debt security measured at fair value with change in fair value recognized in other comprehensive income (available-for-sale).

+ References

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+ Details

ACCOUNTS RECEIVABLE, NET (Details) - USD ($) $ in Thousands	Mar. 31, 2026	Dec. 31, 2025
Accounts, Notes, Loans and Financing Receivable [Line Items]
Receivables due from bank partners	$ 142,940	$ 116,217
Network incentive receivable	140,397	130,962
Other receivables	11,001	10,705
Accounts receivable, net	294,338	257,884
Collateral Pledged
Accounts, Notes, Loans and Financing Receivable [Line Items]
Receivables due from bank partners	$ 70,800	$ 23,300

STOCK-BASED COMPENSATION - Performance Stock Options (Details) - Performance stock options - $ / shares	Mar. 31, 2026	Dec. 31, 2025
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Number of options outstanding (in shares)	400,000	400,000
Weighted average exercise price outstanding (in usd per share)	$ 17.35	$ 17.35
Exercisable (in shares)	208,332

- Definition

Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.

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+ Details

PROPERTY, EQUIPMENT, AND SOFTWARE, NET

3 Months Ended

Mar. 31, 2026

Property, Plant and Equipment [Abstract]

PROPERTY, EQUIPMENT, AND SOFTWARE, NET

Property, equipment, and software, net consisted of the following:


	March 31, 2026		December 31, 2025
Computer equipment and purchased software	$	4,956	$	4,301
Furniture and fixtures	12,379		10,752
Leasehold improvements	83,769		79,429
Capitalized internal-use software	74,605		73,669
Total property, equipment, and software	175,709		168,151
Less: accumulated depreciation and amortization	(81,073)		(73,831)
Property, equipment, and software, net	$	94,636	$	94,320

Depreciation and amortization expense on property, equipment, and software was $7.6 million and $7.2 million for the three months ended March 31, 2026 and 2025.

NET INCOME PER SHARE (Tables)

3 Months Ended

Mar. 31, 2026

Earnings Per Share [Abstract]

Schedule of Basic and Diluted Net Income Per Share

The Company calculated basic and diluted net income per share attributable to common stockholders as follows (in thousands, except per share amounts):


	Three Months Ended March 31,
	2026						2025
	Class A		Class B		Consolidated		Common Stock
Basic EPS:
Numerator:
Net income	$	48,955	$	4,501	$	53,456	$	12,939
Undistributed earnings attributable to preferred stockholders	—		—		—		(12,939)
Net income attributable to common stockholders	$	48,955	$	4,501	$	53,456	$	—
Denominator:
Basic weighted-average common shares outstanding	349,500,187		32,136,733		381,636,920		65,868,810
Basic EPS	$	0.14	$	0.14	$	0.14	$	—

Diluted EPS:
Numerator:
Net income attributable to common stockholders	$	48,955	$	4,501	$	53,456	$	—
Reallocation of net income to Class B common stock	4,501		(211)		—		—
Net income for diluted EPS	$	53,456	$	4,290	$	53,456	$	—
Denominator:
Basic weighted-average common shares outstanding	349,500,187		32,136,733		381,636,920		65,868,810
Dilutive effect of potentially dilutive securities	18,839,647		—		18,839,647		—
Conversion of Class B to Class A common stock	32,136,733		—		—		—
Diluted weighted-average common shares outstanding	400,476,567		32,136,733		400,476,567		65,868,810
Diluted EPS	$	0.13	$	0.13	$	0.13	$	—

Schedule of Antidilutive Securities Excluded from Computation of Earnings Per Share

The following outstanding shares of potentially dilutive securities were excluded from the computation of diluted net income per share because including them would have had an anti-dilutive effect, or issuance of such shares is contingent upon the satisfaction of certain conditions which were not satisfied at the end of the respective periods:


	Three Months Ended March 31,
		2026	2025
Redeemable convertible preferred stock on an as-converted basis		—	258,667,796
Outstanding options to purchase common stock		9,970,914	33,649,122
Unvested service-based RSUs		2,428,906	48,435,337
Unvested performance-based PSUs		6,603,929	1,929,943
Unvested market-based PSUs		1,600,000	—
Unvested restricted stock awards		464,459	1,242,358
Warrants to purchase common stock		—	787,840
Total anti-dilutive securities		21,068,208	344,712,396

ACCOUNTS RECEIVABLE, NET (Tables)

3 Months Ended

Mar. 31, 2026

Receivables [Abstract]

Schedule of Accounts Receivable, Net

Accounts receivable, net consisted of the following:


	March 31, 2026		December 31, 2025
Receivables due from bank partners(1)	$	142,940	$	116,217
Network incentive receivable	140,397		130,962
Other receivables	11,001		10,705
Accounts receivable, net	$	294,338	$	257,884

_________________

(1)Receivables due from bank partners are net of bank partner and network costs. As of March 31, 2026 and December 31, 2025, $70.8 million and $23.3 million of gross receivables due from bank partners were pledged as collateral.

Loans held for investment, net consisted of the following:



	March 31, 2026		December 31, 2025
Loans held for investment	$	179,536	$	148,221
Less: allowance for expected credit losses	(73,721)		(76,640)
Total loans held for investment, net	$	105,815	$	71,581

NET INCOME PER SHARE - Schedule of Basic and Diluted Net Income Per Share (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended
	Mar. 31, 2026	Mar. 31, 2025
Numerator:
Net income	$ 53,456	$ 12,939
Undistributed earnings attributable to preferred stockholders	0	(12,939)
Net income attributable to common stockholders	$ 53,456	$ 0
Denominator:
Basic weighted-average common shares outstanding (in shares)	381,636,920	65,868,810
Basic EPS (in usd per share)	$ 0.14	$ 0
Numerator:
Net income attributable to common stockholders	$ 53,456	$ 12,939
Reallocation of net income to Class B common stock	0	0
Net income for diluted EPS	$ 53,456	$ 0
Denominator:
Dilutive effect of stock options and unvested shares (in shares)	18,839,647	0
Conversion of Class B to Class A common stock (in shares)	0	0
Diluted weighted-average common shares outstanding (in shares)	400,476,567	65,868,810
Diluted EPS (in usd per share)	$ 0.13	$ 0
Class A
Numerator:
Net income	$ 48,955
Undistributed earnings attributable to preferred stockholders	0
Net income attributable to common stockholders	$ 48,955
Denominator:
Basic weighted-average common shares outstanding (in shares)	349,500,187
Basic EPS (in usd per share)	$ 0.14
Numerator:
Net income attributable to common stockholders	$ 48,955
Reallocation of net income to Class B common stock	4,501
Net income for diluted EPS	$ 53,456
Denominator:
Dilutive effect of stock options and unvested shares (in shares)	18,839,647
Conversion of Class B to Class A common stock (in shares)	32,136,733
Diluted weighted-average common shares outstanding (in shares)	400,476,567
Diluted EPS (in usd per share)	$ 0.13
Class B
Numerator:
Net income	$ 4,501
Undistributed earnings attributable to preferred stockholders	0
Net income attributable to common stockholders	$ 4,501
Denominator:
Basic weighted-average common shares outstanding (in shares)	32,136,733
Basic EPS (in usd per share)	$ 0.14
Numerator:
Net income attributable to common stockholders	$ 4,501
Reallocation of net income to Class B common stock	(211)
Net income for diluted EPS	$ 4,290
Denominator:
Dilutive effect of stock options and unvested shares (in shares)	0
Conversion of Class B to Class A common stock (in shares)	0
Diluted weighted-average common shares outstanding (in shares)	32,136,733
Diluted EPS (in usd per share)	$ 0.13

REVENUE - Schedule of Deferred Revenue (Details) $ in Thousands	3 Months Ended
	Mar. 31, 2026 USD ($)
Contract With Customer Liability [Roll Forward]
Balance as of December 31, 2025	$ 4,818
Balance as of March 31, 2026	4,900
Increase in deferred revenue during the period	$ 82

NET INCOME PER SHARE

3 Months Ended

Mar. 31, 2026

Earnings Per Share [Abstract]

NET INCOME PER SHARE

The Company presents net income per share in conformity with the two-class method required for multiple classes of common stock and participating securities. Class A, Class B, and Class C common stock share proportionately, on a per share basis, in the Company’s net income and participate equally in the dividends on common stock, if declared. The Company allocates net income attributable to common stock between each class of common stock on a one-to-one basis when computing net income per share. As a result, basic and diluted net income per share for each class of common stock are equivalent. The Company considers redeemable convertible preferred stock, which was outstanding prior to the Company’s IPO, to be participating securities.

The Company calculates basic net income per share attributable to common stockholders by dividing net income attributable to common stockholders by the weighted-average number of shares of common stock outstanding during the period. Diluted net income per share is computed using the weighted-average number of shares common stock outstanding in each class, after giving consideration to the effect of potentially dilutive securities outstanding during the period, including stock options, unvested shares, and ESPP shares. The dilutive effect of potentially dilutive securities is determined using the treasury stock method. The computation of the diluted net income per share of Class A common stock assumes the conversion of Class B common stock, while the diluted net income per share of Class B common stock does not assume the conversion of those shares.

The Company calculated basic and diluted net income per share attributable to common stockholders as follows (in thousands, except per share amounts):


	Three Months Ended March 31,
	2026						2025
	Class A		Class B		Consolidated		Common Stock
Basic EPS:
Numerator:
Net income	$	48,955	$	4,501	$	53,456	$	12,939
Undistributed earnings attributable to preferred stockholders	—		—		—		(12,939)
Net income attributable to common stockholders	$	48,955	$	4,501	$	53,456	$	—
Denominator:
Basic weighted-average common shares outstanding	349,500,187		32,136,733		381,636,920		65,868,810
Basic EPS	$	0.14	$	0.14	$	0.14	$	—

Diluted EPS:
Numerator:
Net income attributable to common stockholders	$	48,955	$	4,501	$	53,456	$	—
Reallocation of net income to Class B common stock	4,501		(211)		—		—
Net income for diluted EPS	$	53,456	$	4,290	$	53,456	$	—
Denominator:
Basic weighted-average common shares outstanding	349,500,187		32,136,733		381,636,920		65,868,810
Dilutive effect of potentially dilutive securities	18,839,647		—		18,839,647		—
Conversion of Class B to Class A common stock	32,136,733		—		—		—
Diluted weighted-average common shares outstanding	400,476,567		32,136,733		400,476,567		65,868,810
Diluted EPS	$	0.13	$	0.13	$	0.13	$	—


	Three Months Ended March 31,
		2026	2025
Redeemable convertible preferred stock on an as-converted basis		—	258,667,796
Outstanding options to purchase common stock		9,970,914	33,649,122
Unvested service-based RSUs		2,428,906	48,435,337
Unvested performance-based PSUs		6,603,929	1,929,943
Unvested market-based PSUs		1,600,000	—
Unvested restricted stock awards		464,459	1,242,358
Warrants to purchase common stock		—	787,840
Total anti-dilutive securities		21,068,208	344,712,396

BASIS OF PRESENTATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	3 Months Ended
	Mar. 31, 2026
Accounting Policies [Abstract]
BASIS OF PRESENTATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	BASIS OF PRESENTATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES Basis of Presentation and Principles of Consolidation The accompanying unaudited condensed consolidated financial statements have been prepared in accordance with generally accepted accounting principles in the United States of America (“GAAP”) and the applicable rules and regulations of the Securities and Exchange Commission (“SEC”) for interim reporting. Certain information and note disclosures included in the Company’s annual financial statements prepared in accordance with GAAP have been condensed or omitted pursuant to such rules and regulations. These unaudited condensed consolidated financial statements should be read in conjunction with the audited annual consolidated financial statements and notes included in our Annual Report on Form 10-K for the year ended December 31, 2025 (“2025 Form 10-K”). There have been no material changes in the Company’s significant accounting policies from those that were disclosed in its 2025 Form 10-K. In the opinion of management, these unaudited condensed consolidated financial statements reflect all adjustments, including those of a normal and recurring nature, which are necessary for a fair presentation of the results for the interim period presented. The results of operations for interim periods are not necessarily indicative of results for the full year. The unaudited condensed consolidated financial statements include the accounts of the Company’s wholly-owned subsidiaries. All intercompany balances and transactions have been eliminated. The reporting currency of the Company is the U.S. Dollar. Segment Reporting The Company operates as a single operating segment and therefore, one reportable segment. The Company’s Chief Operating Decision Maker (“CODM”) is its chief executive officer, who reviews financial information presented on a consolidated basis for purposes of making operating decisions, allocating resources and evaluating the Company’s financial performance. The CODM assesses performance for the single segment and decides how to allocate resources based on net income or loss as reported on the condensed consolidated statements of operations as consolidated net income (loss). Revenue from external customers and significant segment expenses are presented in the Company's condensed consolidated statements of operations. The measure of segment assets is reported on the balance sheet as total consolidated assets. All long-lived assets are located in the United States, and all revenue is generated in the United States. Use of Estimates The preparation of these condensed consolidated financial statements requires management to make estimates and assumptions relating to reported amounts of assets, liabilities, revenues, and expenses. Significant estimates and assumptions include but are not limited to accrued transaction dispute losses, fair value of the product obligation, the allowance for expected credit losses, valuation of income taxes, the capitalization and estimated useful life of internal-use software, and the fair value of equity awards and stock-based compensation. These estimates are inherently subject to judgment. Actual results could differ from these estimates, and such differences may be material to the condensed consolidated financial statements. Concentrations of Credit Risk Financial instruments that potentially expose the Company to concentration of credit risk consist of cash and cash equivalents, product collateral, marketable securities, and accounts receivable. The Company’s cash equivalents are invested in interest-bearing money market funds that invest in a portfolio of short-term U.S. government obligations, which include U.S. Treasuries and other securities issued or guaranteed by the U.S. government. The Company does not hold or issue financial instruments for trading purposes. Cash on deposit with financial institutions may, at times, exceed federally insured limits. Management believes that these financial institutions are financially sound and, accordingly, minimal credit risk exists. As of March 31, 2026 and December 31, 2025, the Company maintained its product collateral with two bank partners based on contractual agreements with each bank partner. Product collateral consists of cash collateral accounts to provide each respective bank partner with protection against losses from certain products. As of March 31, 2026 and December 31, 2025, there were no concentrations of investments in securities of the same issuer, except for U.S. government securities, which amounted to $384.5 million and $563.6 million, or 95% and 96% of the investments in marketable securities. All debt securities within the Company’s portfolio are investment-grade securities. As of March 31, 2026, the Company had receivables outstanding from two bank partners, that represent 49% of receivables collectively (27% and 22% for each respective bank partner), and one card network partner that represented 47% of receivables. As of December 31, 2025, the Company had receivables outstanding from two bank partners, that represent 46% of receivables collectively (26% and 20% for each respective bank partner), and one card network partner that represented 50% of receivables. Recently Adopted Accounting Standards There are no recently adopted accounting pronouncements that are material to the Company as of March 31, 2026. Recently Issued Accounting Pronouncements Not Yet Adopted In November 2024, the FASB issued ASU 2024-03, Income Statement - Reporting Comprehensive Income - Expense Disaggregation Disclosures (Topic 220): Disaggregation of Income Statement Expenses, which requires disclosure of additional information about specific expense categories underlying certain income statement expense line items. Additionally, in January 2025, the FASB issued ASU 2025-01 to clarify the effective date of ASU 2024-03. This ASU is effective for annual periods beginning after December 15, 2026 and requires either prospective or retrospective application. The Company is currently evaluating the impact of the ASU on its disclosures. In July 2025, the FASB issued ASU 2025-05, Measurement of Credit Losses for Accounts Receivable and Contract Assets, which provides for a practical expedient to estimate credit losses related to accounts receivable and contract assets from revenue contracts accounted for in accordance with ASC 606 using information as of the balance sheet date. This ASU is effective for annual periods beginning after December 15, 2025 and early adoption is permitted. The Company is currently evaluating the impact of this ASU on its financial statements and related disclosures. In September 2025, the FASB issued ASU 2025-06, Targeted Improvements to the Accounting for Internal-Use Software. This ASU makes targeted improvements to the accounting for internal-use software costs, removing the previous “development stage” model and introducing a more judgment-based approach. This ASU is effective for annual reporting periods beginning after December 15, 2027 and provides for adoption on a prospective basis, with retrospective or modified retrospective application permitted. The Company is currently evaluating the impact of this ASU on its financial statements and related disclosures.

SIGNIFICANT BALANCE SHEET COMPONENTS (Tables)

3 Months Ended

Mar. 31, 2026

Organization, Consolidation and Presentation of Financial Statements [Abstract]

Schedule of Other Assets

Other assets consisted of the following:


	March 31, 2026		December 31, 2025
Goodwill	$	27,492	$	27,492
Other assets	2,916		3,354
Total other assets	$	30,408	$	30,846

Schedule of Accrued Liabilities

Accrued and other current liabilities consisted of the following:


	March 31, 2026		December 31, 2025
Accrued expenses	$	93,698	$	81,437
Accrued bonus	11,728		52,860
Current portion of lease liability	12,122		11,381
Accrued transaction dispute losses(1)	14,817		10,497
Network incentive obligation, current portion	27,272		12,522
Other current liabilities	25,401		33,165
Total accrued and other current liabilities	$	185,038	$	201,862

_________________

(1)The reconciliation of the beginning and ending accrued transaction dispute losses is as follows:


	Three Months Ended March 31,
		2026		2025
Accrued transaction dispute losses, beginning of the period		$	10,497	$	7,759
Provision for transaction dispute losses		22,327		17,971
Realized losses		(18,007)		(13,322)
Accrued transaction dispute losses, end of the period		$	14,817	$	12,408

Schedule of Other Current Liabilities

Accrued and other current liabilities consisted of the following:


	March 31, 2026		December 31, 2025
Accrued expenses	$	93,698	$	81,437
Accrued bonus	11,728		52,860
Current portion of lease liability	12,122		11,381
Accrued transaction dispute losses(1)	14,817		10,497
Network incentive obligation, current portion	27,272		12,522
Other current liabilities	25,401		33,165
Total accrued and other current liabilities	$	185,038	$	201,862

_________________

(1)The reconciliation of the beginning and ending accrued transaction dispute losses is as follows:


	Three Months Ended March 31,
		2026		2025
Accrued transaction dispute losses, beginning of the period		$	10,497	$	7,759
Provision for transaction dispute losses		22,327		17,971
Realized losses		(18,007)		(13,322)
Accrued transaction dispute losses, end of the period		$	14,817	$	12,408

Schedule of Other Non-Current Liabilities

Other non-current liabilities consisted of the following:


	March 31, 2026		December 31, 2025
Network incentive obligation, net of current portion	$	41,299	$	48,804
Other non-current liabilities	2,929		2,887
Total other non-current liabilities	$	44,228	$	51,691

COMMITMENTS AND CONTINGENCIES - Narrative (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2026	Mar. 31, 2025
Commitments and Contingencies Disclosure [Abstract]
Rent expense	$ 4.0	$ 2.8

LOANS HELD FOR INVESTMENT, NET

3 Months Ended

Mar. 31, 2026

Receivables [Abstract]

LOANS HELD FOR INVESTMENT, NET

Loans held for investment, net consisted of the following:



	March 31, 2026		December 31, 2025
Loans held for investment	$	179,536	$	148,221
Less: allowance for expected credit losses	(73,721)		(76,640)
Total loans held for investment, net	$	105,815	$	71,581

Credit Quality Information

The Company analyzes its loans held for investment based on the aging of unpaid principal. This is the credit quality indicator management uses to evaluate the allowance for expected credit losses on loans held for investment. Below is a summary of the loans held for investment by vintage:



Days from origination	March 31, 2026		December 31, 2025
1 - 30	$	105,315	$	64,779
31 - 60	6,540		9,456
61 - 90	5,987		9,794
91 - 120	6,275		7,982
121 - 180	14,731		15,353
181 - 270	20,342		21,783
Greater than 270	20,346		19,074
Total	$	179,536	$	148,221

STOCK-BASED COMPENSATION

3 Months Ended

Mar. 31, 2026

Share-Based Payment Arrangement [Abstract]

STOCK-BASED COMPENSATION

Equity Incentive Plan

In connection with the Company’s initial public offering in 2025, the Company adopted the 2025 Equity Incentive Plan (the “2025 Plan”), and the Company’s 2012 Equity Incentive Plan (the “2012 Plan”) was terminated. Following the effectiveness of the 2025 Plan, no further awards have been or will be granted under the 2012 Plan, and all outstanding awards under the 2012 Plan continue to be governed by their existing terms. Under the 2025 Plan, the Company is authorized to grant incentive stock options (“ISOs”), within the meaning of Section 422 of the Code, to employees and employees of its parent and subsidiary corporations. The Company may also grant non-qualified stock options (“NSOs”), restricted stock awards (“RSAs”), restricted stock units (“RSUs”), performance stock units (“PSUs”), stock appreciation rights, and other performance awards to employees, directors, consultants, and employees and consultants of its parent and subsidiary corporations.

As of March 31, 2026, there were 63,727,488 shares of Class A common stock reserved for future issuance under the 2025 Plan.

Stock Options

Service-based stock options

A summary of the Company’s service-based stock option activity for the three months ended March 31, 2026 is as follows:


	Outstanding Stock Options	Weighted average exercise price ($)		Weighted-average remaining contractual life (years)	Aggregate intrinsic value
Balance as of December 31, 2025	25,280,942	$	10.86	5.48	$	368,580
Granted	3,881,437	21.62
Exercised	(4,880,740)	2.85
Forfeited/Cancelled	(22,553)	13.89

Balance as of March 31, 2026	24,259,086	$	14.19	6.51	$	149,172
Vested and expected to vest as of March 31, 2026	24,259,086	$	14.19	6.51	$	149,172
Exercisable as of March 31, 2026	14,852,628	$	9.57	4.94	$	142,116

Performance stock options

In 2024, the Company granted performance stock options to certain executives that were subject to both service-based and performance-based vesting conditions. As of December 31, 2025 and March 31, 2026, 400,000 options were outstanding at a weighted average exercise price of $17.35. As of March 31, 2026, 208,332 options were exercisable.

RSAs

Service-Based RSAs

A summary of the Company’s service-based RSA activity is as follows:


	Number of Shares of Restricted Stock	Weighted-average grant date fair value per share
Balance as of December 31, 2025	498,722	$	23.25
Granted	—	—
Vested	(78,935)	23.25
Forfeited/Cancelled	—	—
Balance as of March 31, 2026	419,787	$	23.25

Performance-Based RSAs

The Company has granted RSAs to certain employees which vest based upon the achievement of designated operational metrics and continued employment through the date the designated operational metrics are achieved. A summary of the Company’s performance-based RSA activity is as follows:


	Number of Shares of Restricted Stock	Weighted-average grant date fair value per share
Balance as of December 31, 2025	483,125	$	23.25
Granted	—	—
Vested	(18,666)	23.25
Forfeited/Cancelled	—	—
Balance as of March 31, 2026	464,459	$	23.25

RSUs

A summary of the Company’s service-based RSUs activity is as follows:


	Number of Restricted Stock Units	Weighted-average grant date fair value per share
Unvested as of December 31, 2025	20,874,834	$	24.43
Granted	9,582,480	20.76
Vested	(317,083)	22.82
Vested and settled (1)	(1,949,321)	23.55
Forfeited/Cancelled	(1,376,628)	23.55
Unvested as of March 31, 2026	26,814,282	$	24.43

__________________

(1)Includes 78,187 shares of common stock underlying RSUs that were withheld to cover taxes on the settlement of vested RSUs during the three months ended March 31, 2026.

PSUs

Performance-based PSUs

In connection with the acquisition of Salt Labs, Inc. in 2024, certain employees were granted 1,929,943 PSUs, which vest based upon the achievement of designated operational metrics, continued employment through the date the designated operational metrics are achieved, and upon the occurrence of a liquidity event. The liquidity-based vesting condition was satisfied upon completion of the Company’s IPO.

In April 2025, the Co-Founders were granted 4,800,000 PSUs which vest based upon the achievement of growth and profit performance-based metrics, continued employment through the date the growth and profit performance-based condition is met, a service-based condition that is satisfied over four years, and upon the occurrence of a liquidity event. The liquidity-based vesting condition was satisfied upon completion of the Company’s IPO.

A summary of the Company’s performance-based PSU activity is as follows:


	Number of Shares of Restricted Stock	Weighted-average grant date fair value per share
Balance as of December 31, 2025	6,669,297	$	26.74
Granted	—	—
Vested	—	—
Forfeited/Cancelled	(65,368)	23.25
Balance as of March 31, 2026	6,603,929	$	26.77

Market-based PSUs

In April 2025, the Co-Founders were granted 1,600,000 PSU awards which vest based upon the achievement of stock price hurdle market-based metrics, continued employment through the date the stock price hurdles are met, a service-based condition that is satisfied over four years, and upon the occurrence of a liquidity event. The liquidity-based vesting condition was satisfied upon completion of the Company’s IPO.

All 1,600,000 market-based PSUs were outstanding as of March 31, 2026 as none have vested or been cancelled. The weighted-average grant date fair value per share of the awards is $23.96.

2025 Employee Stock Purchase Plan

As of March 31, 2026, a total of 13,089,515 shares of Class A common stock are reserved for sale under the 2025 Employee Stock Purchase Plan (the “ESPP”).

Under the ESPP, eligible employees may contribute through payroll deductions, subject to plan limits, to purchase shares at a 15% discount under six-month offering periods. The plan includes a look-back feature based on the lower of the offering or purchase date stock price. Stock-based compensation expense is recognized on a straight-line basis over the offering period, with fair value measured at grant using the Black-Scholes model.

The grant date of the initial offering period was February 20, 2026, and that offering period shall end on August 20, 2026. As of March 31, 2026, the Company recorded a liability of $2.4 million related to the accumulated payroll deductions, which is included within accrued expenses and other current liabilities in the condensed consolidated balance sheets.

Stock-Based Compensation Expense

The following table summarizes the total stock-based compensation expense:


	Three Months Ended March 31,
		2026		2025
Member support and operations		$	8,522	$	1,124
Sales and marketing		4,000		483
Technology and development		25,403		3,703
General and administrative		22,727		3,386
Total		$	60,652	$	8,696

As of March 31, 2026, there was $626.0 million of unrecognized stock based compensation expected to be recognized over a weighted average period of 3.17 years.

LOANS HELD FOR INVESTMENT, NET - Schedule of Loans Held For Investment, Net (Details) - USD ($) $ in Thousands	Mar. 31, 2026	Dec. 31, 2025	Mar. 31, 2025	Dec. 31, 2024
Receivables [Abstract]
Loans held for investment	$ 179,536	$ 148,221
Less: allowance for expected credit losses	(73,721)	(76,640)	$ (52,549)	$ (30,649)
Total loans held for investment, net	$ 105,815	$ 71,581

STOCK-BASED COMPENSATION - 2025 Employee Stock Purchase Plan (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2026	Dec. 31, 2025
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Accrued and other current liabilities	$ 185,038	$ 201,862
Employee Stock
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Shares available for grant (in shares)	13,089,515
Discount rate (as a percent)	15.00%
Offering period (in months)	6 months
Accrued and other current liabilities	$ 2,400

- Definition

Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.

+ References

+ Details

SIGNIFICANT BALANCE SHEET COMPONENTS -Schedule of Other Non-Current Liabilities (Details) - USD ($) $ in Thousands	Mar. 31, 2026	Dec. 31, 2025
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Network incentive obligation, net of current portion	$ 41,299	$ 48,804
Other non-current liabilities	2,929	2,887
Total other non-current liabilities	$ 44,228	$ 51,691

STOCK-BASED COMPENSATION - Schedule of Stock Option Activity (Details) - Service based stock options - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended	12 Months Ended
	Mar. 31, 2026	Dec. 31, 2025
Outstanding Stock Options
Beginning balance (in shares)	25,280,942
Granted (in shares)	3,881,437
Exercised (in shares)	(4,880,740)
Forfeited/Cancelled (in shares)	(22,553)
Ending balance (in shares)	24,259,086	25,280,942
Vested and expected to vest (in shares)	24,259,086
Exercisable (in shares)	14,852,628
Weighted average exercise price ($)
Beginning balance (in usd per share)	$ 10.86
Granted (in usd per share)	21.62
Exercised (in usd per share)	2.85
Forfeited/Cancelled (in usd per share)	13.89
Ending balance (in usd per share)	14.19	$ 10.86
Vested and expected to vest (in usd per share)	14.19
Exercisable (in usd per share)	$ 9.57
Weighted-average remaining contractual life (years) and Aggregate intrinsic value
Weighted-average remaining contractual life, outstanding	6 years 6 months 3 days	5 years 5 months 23 days
Weighted-average remaining contractual life, vested and expected to vest	6 years 6 months 3 days
Weighted-average remaining contractual life, exercisable	4 years 11 months 8 days
Aggregate intrinsic value, outstanding	$ 149,172	$ 368,580
Aggregate intrinsic value, vested and expected to vest	149,172
Aggregate intrinsic value, exercisable	$ 142,116

CONSOLIDATED STATEMENTS OF REDEEMABLE CONVERTIBLE PREFERRED STOCK AND STOCKHOLDERS’ EQUITY (DEFICIT) - USD ($)
$ in Thousands

Total

Common Stock

Additional Paid-in Capital

Accumulated Deficit

Accumulated Other Comprehensive Income (Loss)

Beginning balance (in shares) at Dec. 31, 2024

258,464,156

Beginning balance at Dec. 31, 2024

$ 2,890,121

Ending balance (in shares) at Mar. 31, 2025

258,464,156

Ending balance at Mar. 31, 2025

$ 2,890,121

Beginning balance (in shares) at Dec. 31, 2024

^[1]

66,950,736

Beginning balance at Dec. 31, 2024

(1,930,600)

$ 2

^[1]

$ 433,363

$ (2,364,168)

$ 203

Total Stockholders’ Equity (Deficit)

Net income

12,939

Issuance of common stock upon exercise of stock options (in shares)

^[1]

636,796

Issuance of common stock upon exercise of stock options

717

Stock-based compensation

8,749

Change in accumulated other comprehensive income (loss), net of tax

Ending balance (in shares) at Mar. 31, 2025

^[1]

67,587,532

Ending balance at Mar. 31, 2025

$ (1,908,104)

$ 2

^[1]

442,829

(2,351,229)

294

Beginning balance (in shares) at Dec. 31, 2025

Beginning balance at Dec. 31, 2025

$ 0

Ending balance (in shares) at Mar. 31, 2026

Beginning balance (in shares) at Dec. 31, 2025

^[1]

379,933,372

Beginning balance at Dec. 31, 2025

$ 1,401,706

$ 31

^[1]

4,775,607

(3,374,104)

172

Total Stockholders’ Equity (Deficit)

Net income

53,456

Issuance of common stock upon exercise of stock options (in shares)

^[1]

4,880,740

Issuance of common stock upon exercise of stock options

13,923

Issuance of common stock upon settlement of restricted stock units, net of shares withheld (in shares)

^[1]

1,871,134

Issuance of common stock upon settlement of restricted stock units, net of shares withheld

(1,540)

Repurchases of common stock (in shares)

^[1]

(4,081,127)

Repurchases of common stock

(85,740)

Stock-based compensation

60,756

Change in accumulated other comprehensive income (loss), net of tax

(1,119)

Ending balance (in shares) at Mar. 31, 2026

^[1]

382,604,119

Ending balance at Mar. 31, 2026

$ 1,441,442

$ 31

^[1]

$ 4,763,006

$ (3,320,648)

$ (947)

[1]

The share amounts listed above combine common stock, Class A common stock and Class B common stock. In connection with the completion of our initial public offering, all previously outstanding shares of common stock were reclassified into Class A common stock and Class B common stock. Refer to Note 2 of the Annual Report on Form 10-K for the year ended December 31, 2025 for more information.

INDEBTEDNESS	3 Months Ended
INDEBTEDNESS	Mar. 31, 2026
Debt Disclosure [Abstract]
INDEBTEDNESS	INDEBTEDNESS Revolving Credit Facilities On March 31, 2025, the Company entered into a $475.0 million senior secured revolving credit facility maturing on March 31, 2030 (the “credit facility”), which replaced its prior $125.0 million revolving credit facility. As of March 31, 2026, no funds have been drawn under the credit facility and the Company had letters of credit outstanding thereunder of $31.4 million. Loans under the credit facility initially bear interest at the Company’s option of (i) an annual rate based on the forward-looking term rate based on the Secured Overnight Financing Rate (“Term SOFR”), based on an interest period of one, three, or six months, plus an applicable margin of 1.50% or (ii) a base rate (the “base rate”) equal to the highest of (A) the prime rate, (B) the effective federal funds rate, plus 0.50%, and (C) Term SOFR for a one-month interest period plus 1.00%, in each case plus 0.50%. The applicable margin for (a) Term SOFR loans shall be either 1.50% or 1.25% and (b) base rate loans shall be either 0.50% or 0.25%, in each case, depending on the Company’s Consolidated Total Debt to Consolidated EBITDA Ratio (as defined in the credit agreement for the credit facility). The Term SOFR rate is at all times subject to a floor of 0%. The Company is obligated to pay other customary fees for a credit facility of this size and type, including letter of credit fees, an upfront fee, and an unused commitment fee. The Company’s obligations under the credit facility are required to be guaranteed by certain of its subsidiaries. Such obligations, including the guaranties, are secured by substantially all of the Company’s assets and those of the subsidiary guarantors. The credit facility includes customary affirmative and negative covenants, including, among others, restrictions on debt, liens, investments, fundamental changes, dividends, distributions, repurchases and/or redemptions of equity interests, and transactions with affiliates. In addition, the credit facility requires the Company to satisfy a minimum liquidity covenant. The Company was in compliance with all covenants as of March 31, 2026.

- Definition

The entire disclosure for information about short-term and long-term debt arrangements, which includes amounts of borrowings under each line of credit, note payable, commercial paper issue, bonds indenture, debenture issue, own-share lending arrangements and any other contractual agreement to repay funds, and about the underlying arrangements, rationale for a classification as long-term, including repayment terms, interest rates, collateral provided, restrictions on use of assets and activities, whether or not in compliance with debt covenants, and other matters important to users of the financial statements, such as the effects of refinancing and noncompliance with debt covenants.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 815
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 8A
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480434/815-10-50-8A

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Topic 235
-SubTopic 10
-Name Accounting Standards Codification
-Section S50
-Paragraph 1
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480738/235-10-S50-1

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Topic 235
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.4-08(c))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480678/235-10-S99-1

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 6
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481544/470-10-50-6

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 6
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481544/470-10-50-6

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Topic 405
-SubTopic 40
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (d)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147477092/405-40-50-1

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Topic 405
-SubTopic 40
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (a)(3)
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+ Details

COMMON STOCK, AND STOCKHOLDERS’ EQUITY (Details)	3 Months Ended
COMMON STOCK, AND STOCKHOLDERS’ EQUITY (Details)	Mar. 31, 2026 vote shares	Dec. 31, 2025 shares
Class of Stock [Line Items]
Preferred stock, outstanding (in shares) \| shares	0	0
Common Class A
Class of Stock [Line Items]
Common stock, voting rights	1
Common Class B
Class of Stock [Line Items]
Common stock, voting rights	20
Class C common stock
Class of Stock [Line Items]
Common stock, voting rights	0

- Definition

Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.

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+ Details

SIGNIFICANT BALANCE SHEET COMPONENTS -Schedule of Accrued Transaction Dispute Losses (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2026	Mar. 31, 2025
Loss Contingency Accrual [Roll Forward]
Accrued transaction dispute losses, beginning of the period	$ 10,497	$ 7,759
Provision for transaction dispute losses	22,327	17,971
Realized losses	(18,007)	(13,322)
Accrued transaction dispute losses, end of the period	$ 14,817	$ 12,408

INCOME TAXES (Tables)

3 Months Ended

Mar. 31, 2026

Income Tax Disclosure [Abstract]

Schedule of Components of Income Tax Expense (Benefit)


	Three Months Ended March 31,
	2026			2025
Income before income taxes	$	53,911		$	14,491
Provision for income taxes	455			1,552
Effective tax rate	0.8		%	10.7		%

REVENUE (Tables)

3 Months Ended

Mar. 31, 2026

Revenue from Contract with Customer [Abstract]

Schedule of Disaggregation of Revenue

The Company’s products and services are offered only to members within the United States. The following table provides information about the Company’s disaggregated revenue streams:


	Three Months Ended March 31,
	2026		2025
Payments revenue	$	432,644	$	375,312
Platform-related revenue (1)(2)	214,743		143,432
Total revenue	$	647,387	$	518,744

__________________

(1)In the three months ended March 31, 2026 and 2025, platform-related revenue included $125.1 million and $76.0 million that was not derived from contracts with customers.

(2)In the three months ended March 31, 2026 and 2025, platform-related revenue included $103.8 million and $64.3 million related to MyPay receivables, which was comprised of $64.8 million and $38.9 million related to off-balance sheet MyPay receivables and $39.0 million and $25.4 million related to on-balance sheet MyPay receivables.

Schedule of Deferred Revenue

The deferred revenue balances were as follows:


Balance as of December 31, 2025	$	4,818
Balance as of March 31, 2026	4,900
Increase in deferred revenue during the period	$	82

CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Mar. 31, 2026	Dec. 31, 2025
Current assets:
Cash and cash equivalents	$ 607,677	$ 466,252
Restricted cash	14,510	14,508
Marketable securities	403,605	587,828
Product collateral	231,477	251,204
Accounts receivable, net	294,338	257,884
Loans held for investment, net	105,815	71,581
Prepaid expenses and other current assets	86,839	106,753
Total current assets	1,744,261	1,756,010
Property, equipment and software, net	94,636	94,320
Operating lease right of use assets, net	81,078	83,429
Other assets	30,408	30,846
Total assets	1,950,383	1,964,605
Current liabilities:
Accounts payable	37,920	38,680
Accrued and other current liabilities	185,038	201,862
Product obligation	121,141	147,382
Total current liabilities	344,099	387,924
Operating lease liabilities, net of current portion	120,614	123,284
Other non-current liabilities	44,228	51,691
Total liabilities	508,941	562,899
Commitments and contingencies (Note 17)
Stockholders’ equity:
Preferred stock, $0.0001 par value: 100,000,000 shares authorized, no shares issued and outstanding as of March 31, 2026 and December 31, 2025.	0	0
Additional paid-in capital	4,763,006	4,775,607
Accumulated other comprehensive income (loss)	(947)	172
Accumulated deficit	(3,320,648)	(3,374,104)
Total stockholders’ equity	1,441,442	1,401,706
Total liabilities and stockholders’ equity	1,950,383	1,964,605
Common Class A
Stockholders’ equity:
Common stock, issued	28	28
Common Class B
Stockholders’ equity:
Common stock, issued	3	3
Common Class C
Stockholders’ equity:
Common stock, issued	$ 0	$ 0

REVENUE

3 Months Ended

Mar. 31, 2026

Revenue from Contract with Customer [Abstract]

REVENUE

Disaggregation of revenue

The Company’s products and services are offered only to members within the United States. The following table provides information about the Company’s disaggregated revenue streams:


	Three Months Ended March 31,
	2026		2025
Payments revenue	$	432,644	$	375,312
Platform-related revenue (1)(2)	214,743		143,432
Total revenue	$	647,387	$	518,744

__________________

(1)In the three months ended March 31, 2026 and 2025, platform-related revenue included $125.1 million and $76.0 million that was not derived from contracts with customers.

Deferred revenue

The Company records deferred revenue for member-paid tips received prior to the expiration of the contractual refundable period. The deferred revenue balances were as follows:


Balance as of December 31, 2025	$	4,818
Balance as of March 31, 2026	4,900
Increase in deferred revenue during the period	$	82

The Company recognized materially all revenue from amounts included in the opening deferred revenue balances for the three months ended March 31, 2026. Changes in deferred revenue during the periods are driven by the increase in the amount of tips paid by members for using SpotMe.

- Definition

The entire disclosure of revenue from contract with customer to transfer good or service and to transfer nonfinancial asset. Includes, but is not limited to, disaggregation of revenue, credit loss recognized from contract with customer, judgment and change in judgment related to contract with customer, and asset recognized from cost incurred to obtain or fulfill contract with customer. Excludes insurance and lease contracts.

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+ Details

INCOME TAXES - Schedule of Components of Income Tax Expense (Benefit) (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2026	Mar. 31, 2025
Income Tax Disclosure [Abstract]
Income before income taxes	$ 53,911	$ 14,491
Provision for income taxes	$ 455	$ 1,552
Effective tax rate	0.80%	10.70%

- Definition

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+ Details

- Definition

Amount of current income tax expense (benefit) and deferred income tax expense (benefit) pertaining to continuing operations.

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+ Details

COMMITMENTS AND CONTINGENCIES - Schedule of Operating Lease Costs (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2026	Mar. 31, 2025
Commitments and Contingencies Disclosure [Abstract]
Fixed operating lease costs	$ 3,981	$ 2,649
Variable operating lease costs	2,084	1,736
Short-term lease cost	44	143
Sublease income	0	(224)
Total lease cost	$ 6,109	$ 4,304

COMMITMENTS AND CONTINGENCIES (Tables)

3 Months Ended

Mar. 31, 2026

Commitments and Contingencies Disclosure [Abstract]

Schedule of Lease Costs

The Company’s operating lease costs are as follows:


	Three Months Ended March 31,
		2026		2025
Fixed operating lease costs		$	3,981	$	2,649
Variable operating lease costs		2,084		1,736
Short-term lease cost		44		143
Sublease income		—		(224)
Total lease cost		$	6,109	$	4,304

Cash flows related to leases were as follows:


	Three Months Ended March 31,
		2026		2025
Operating cash flows:
Payments for operating lease liabilities		$	3,980	$	4,876

COMMITMENTS AND CONTINGENCIES - Schedule of Cash Flows Related to Leases (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2026	Mar. 31, 2025
Operating cash flows:
Payments for operating lease liabilities	$ 3,980	$ 4,876

STOCK-BASED COMPENSATION (Tables)

3 Months Ended

Mar. 31, 2026

Share-Based Payment Arrangement [Abstract]

Schedule of Stock Option Activity

A summary of the Company’s service-based stock option activity for the three months ended March 31, 2026 is as follows:


	Outstanding Stock Options	Weighted average exercise price ($)		Weighted-average remaining contractual life (years)	Aggregate intrinsic value
Balance as of December 31, 2025	25,280,942	$	10.86	5.48	$	368,580
Granted	3,881,437	21.62
Exercised	(4,880,740)	2.85
Forfeited/Cancelled	(22,553)	13.89

Balance as of March 31, 2026	24,259,086	$	14.19	6.51	$	149,172
Vested and expected to vest as of March 31, 2026	24,259,086	$	14.19	6.51	$	149,172
Exercisable as of March 31, 2026	14,852,628	$	9.57	4.94	$	142,116

Schedule of Service-Based and Performance-Based RSAs Activity

A summary of the Company’s service-based RSA activity is as follows:


	Number of Shares of Restricted Stock	Weighted-average grant date fair value per share
Balance as of December 31, 2025	498,722	$	23.25
Granted	—	—
Vested	(78,935)	23.25
Forfeited/Cancelled	—	—
Balance as of March 31, 2026	419,787	$	23.25

A summary of the Company’s performance-based RSA activity is as follows:


	Number of Shares of Restricted Stock	Weighted-average grant date fair value per share
Balance as of December 31, 2025	483,125	$	23.25
Granted	—	—
Vested	(18,666)	23.25
Forfeited/Cancelled	—	—
Balance as of March 31, 2026	464,459	$	23.25

Schedule of Service-based RSUs Activity

A summary of the Company’s service-based RSUs activity is as follows:


	Number of Restricted Stock Units	Weighted-average grant date fair value per share
Unvested as of December 31, 2025	20,874,834	$	24.43
Granted	9,582,480	20.76
Vested	(317,083)	22.82
Vested and settled (1)	(1,949,321)	23.55
Forfeited/Cancelled	(1,376,628)	23.55
Unvested as of March 31, 2026	26,814,282	$	24.43

__________________

(1)Includes 78,187 shares of common stock underlying RSUs that were withheld to cover taxes on the settlement of vested RSUs during the three months ended March 31, 2026.

Schedule of Service-based PSUs Activity

A summary of the Company’s performance-based PSU activity is as follows:


	Number of Shares of Restricted Stock	Weighted-average grant date fair value per share
Balance as of December 31, 2025	6,669,297	$	26.74
Granted	—	—
Vested	—	—
Forfeited/Cancelled	(65,368)	23.25
Balance as of March 31, 2026	6,603,929	$	26.77

Schedule of Stock-Based Compensation Expense

The following table summarizes the total stock-based compensation expense:


	Three Months Ended March 31,
		2026		2025
Member support and operations		$	8,522	$	1,124
Sales and marketing		4,000		483
Technology and development		25,403		3,703
General and administrative		22,727		3,386
Total		$	60,652	$	8,696

MARKETABLE SECURITIES (Tables)

3 Months Ended

Mar. 31, 2026

Investments, Debt and Equity Securities [Abstract]

Schedule of Available-for-Sale Marketable Securities

The following tables summarize the amortized cost, gross unrealized gains and losses, and fair value of the Company’s available for sale (“AFS”) securities aggregated by investment category:


	March 31, 2026
	Cost or Amortized Cost		Unrealized Gains		Unrealized Losses		Total Estimated Fair Value
Marketable securities:
U.S. government securities	$	384,320	$	306	$	(100)	384,526
U.S. agency securities	19,125		—		(46)		19,079




Total marketable securities	$	403,445	$	306	$	(146)	$	403,605


	December 31, 2025
	Cost or Amortized Cost		Unrealized Gains		Unrealized Losses		Total Estimated Fair Value
Marketable securities:
U.S. government securities	$	562,463	$	1,131	$	—	$	563,594
U.S. agency securities	24,218		16		—		24,234




Total marketable securities	$	586,681	$	1,147	$	—	$	587,828

Schedule of Unrealized Loss on Investments

The gross unrealized losses and fair values for those investments that were in an unrealized loss position as of March 31, 2026, aggregated by investment category and the length of time that individual securities have been in a continuous loss position are as follows:


	As of March 31, 2026
	Less than 12 months				Greater than 12 months				Total
	Fair Value		Gross Unrealized Losses		Fair Value		Gross Unrealized Losses		Fair Value		Gross Unrealized Losses
Marketable securities:
U.S. government securities	$	86,147	$	(100)	$	—	$	—	$	86,147	$	(100)
U.S. agency securities	19,079		(46)		—		—		19,079		(46)


Total	$	105,226	$	(146)	$	—	$	—	$	105,226	$	(146)

Schedule of Contractual Maturity

The following table summarizes the Company’s marketable securities by contractual maturity:


	As of March 31, 2026
	Amortized Cost		Fair Value
Within one year	$	356,489	$	356,765
After one year to five years	46,956		46,840
Total	$	403,445	$	403,605

- Definition

Tabular disclosure of investment in debt security measured at fair value with change in fair value recognized in other comprehensive income (available-for-sale).

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+ Details

ORGANIZATION AND DESCRIPTION OF BUSINESS	3 Months Ended
ORGANIZATION AND DESCRIPTION OF BUSINESS	Mar. 31, 2026
Organization, Consolidation and Presentation of Financial Statements [Abstract]
ORGANIZATION AND DESCRIPTION OF BUSINESS	ORGANIZATION AND DESCRIPTION OF BUSINESS Chime Financial, Inc. (“Chime” or the “Company”) is a financial technology company with a mission to unite everyday people to unlock their financial progress. Through its proprietary technology platform, Chime offers a suite of products that address members’ critical financial needs. The Company partners closely with multiple third-party bank partners to offer a broad suite of products across spending, liquidity, credit building, savings, and community. The Company was incorporated in the state of Delaware in 2012 and is headquartered in San Francisco, California with offices in Chicago, Illinois, and New York, New York.

SIGNIFICANT BALANCE SHEET COMPONENTS - Schedule of Accrued and Other Current Liabilities (Details) - USD ($) $ in Thousands	Mar. 31, 2026	Dec. 31, 2025	Mar. 31, 2025	Dec. 31, 2024
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Accrued expenses	$ 93,698	$ 81,437
Accrued bonus	11,728	52,860
Current portion of lease liability	$ 12,122	$ 11,381
Operating Lease, Liability, Current, Statement of Financial Position [Extensible Enumeration]	Total accrued and other current liabilities	Total accrued and other current liabilities
Accrued transaction dispute losses	$ 14,817	$ 10,497	$ 12,408	$ 7,759
Network incentive obligation, current portion	27,272	12,522
Other current liabilities	25,401	33,165
Total accrued and other current liabilities	$ 185,038	$ 201,862

Insider Trading Arrangements	3 Months Ended
Insider Trading Arrangements	Mar. 31, 2026
Trading Arrangements, by Individual
Rule 10b5-1 Arrangement Adopted	false
Non-Rule 10b5-1 Arrangement Adopted	false
Rule 10b5-1 Arrangement Terminated	false
Non-Rule 10b5-1 Arrangement Terminated	false

BASIS OF PRESENTATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details) $ in Thousands	3 Months Ended	12 Months Ended
	Mar. 31, 2026 USD ($) segment	Dec. 31, 2025 USD ($)
Summary Of Significant Accounting Policies [Line Items]
Number of operating segments \| segment	1
Number of reportable segments \| segment	1
Marketable securities \| $	$ 403,605	$ 587,828
Accounts Receivable \| Customer Concentration Risk \| Combined Bank Partners
Summary Of Significant Accounting Policies [Line Items]
Concentration risk, percentage	49.00%	46.00%
Accounts Receivable \| Customer Concentration Risk \| Bank Partner A
Summary Of Significant Accounting Policies [Line Items]
Concentration risk, percentage	27.00%	26.00%
Accounts Receivable \| Customer Concentration Risk \| Bank Partner B
Summary Of Significant Accounting Policies [Line Items]
Concentration risk, percentage	22.00%	20.00%
Accounts Receivable \| Customer Concentration Risk \| Card Network Partner
Summary Of Significant Accounting Policies [Line Items]
Concentration risk, percentage	47.00%	50.00%
U.S. government securities
Summary Of Significant Accounting Policies [Line Items]
Marketable securities \| $	$ 384,526	$ 563,594
U.S. government securities \| Debt Securities \| Security Concentration Risk
Summary Of Significant Accounting Policies [Line Items]
Concentration risk, percentage	95.00%	96.00%

CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2026	Mar. 31, 2025
Income Statement [Abstract]
Revenue	$ 647,387	$ 518,744
Cost of revenue	67,074	60,418
Gross profit	580,313	458,326
Operating expenses:
Transaction and risk losses	88,905	109,145
Member support and operations	95,399	78,609
Sales and marketing	165,431	132,573
Technology and development	109,780	77,882
General and administrative	70,467	47,173
Depreciation and amortization	4,168	3,807
Total operating expenses	534,150	449,189
Income from operations	46,163	9,137
Other income, net	7,748	5,354
Income before income taxes	53,911	14,491
Provision for income taxes	455	1,552
Net income	53,456	12,939
Undistributed earnings attributable to preferred stockholders	0	(12,939)
Net income attributable to common stockholders	$ 53,456	$ 0
Net income per share attributable to common stockholders:
Basic EPS (in usd per share)	$ 0.14	$ 0
Diluted (in usd per share)	$ 0.13	$ 0
Weighted average number of common shares outstanding used to compute net income per share attributable to common stockholders:
Basic (in shares)	381,636,920	65,868,810
Diluted (in shares)	400,476,567	65,868,810

SIGNIFICANT BALANCE SHEET COMPONENTS

3 Months Ended

Mar. 31, 2026

Organization, Consolidation and Presentation of Financial Statements [Abstract]

SIGNIFICANT BALANCE SHEET COMPONENTS

Other Assets

Other assets consisted of the following:


	March 31, 2026		December 31, 2025
Goodwill	$	27,492	$	27,492
Other assets	2,916		3,354
Total other assets	$	30,408	$	30,846

Accrued and Other Current Liabilities

Accrued and other current liabilities consisted of the following:


	March 31, 2026		December 31, 2025
Accrued expenses	$	93,698	$	81,437
Accrued bonus	11,728		52,860
Current portion of lease liability	12,122		11,381
Accrued transaction dispute losses(1)	14,817		10,497
Network incentive obligation, current portion	27,272		12,522
Other current liabilities	25,401		33,165
Total accrued and other current liabilities	$	185,038	$	201,862

_________________

(1)The reconciliation of the beginning and ending accrued transaction dispute losses is as follows:


	Three Months Ended March 31,
		2026		2025
Accrued transaction dispute losses, beginning of the period		$	10,497	$	7,759
Provision for transaction dispute losses		22,327		17,971
Realized losses		(18,007)		(13,322)
Accrued transaction dispute losses, end of the period		$	14,817	$	12,408

Other Non-Current Liabilities

Other non-current liabilities consisted of the following:


	March 31, 2026		December 31, 2025
Network incentive obligation, net of current portion	$	41,299	$	48,804
Other non-current liabilities	2,929		2,887
Total other non-current liabilities	$	44,228	$	51,691

BASIS OF PRESENTATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies)	3 Months Ended
	Mar. 31, 2026
Accounting Policies [Abstract]
Basis of Presentation	The accompanying unaudited condensed consolidated financial statements have been prepared in accordance with generally accepted accounting principles in the United States of America (“GAAP”) and the applicable rules and regulations of the Securities and Exchange Commission (“SEC”) for interim reporting. Certain information and note disclosures included in the Company’s annual financial statements prepared in accordance with GAAP have been condensed or omitted pursuant to such rules and regulations
Principles of Consolidation	These unaudited condensed consolidated financial statements should be read in conjunction with the audited annual consolidated financial statements and notes included in our Annual Report on Form 10-K for the year ended December 31, 2025 (“2025 Form 10-K”).There have been no material changes in the Company’s significant accounting policies from those that were disclosed in its 2025 Form 10-K. In the opinion of management, these unaudited condensed consolidated financial statements reflect all adjustments, including those of a normal and recurring nature, which are necessary for a fair presentation of the results for the interim period presented. The results of operations for interim periods are not necessarily indicative of results for the full year. The unaudited condensed consolidated financial statements include the accounts of the Company’s wholly-owned subsidiaries. All intercompany balances and transactions have been eliminated. The reporting currency of the Company is the U.S. Dollar.
Segment Reporting	The Company operates as a single operating segment and therefore, one reportable segment. The Company’s Chief Operating Decision Maker (“CODM”) is its chief executive officer, who reviews financial information presented on a consolidated basis for purposes of making operating decisions, allocating resources and evaluating the Company’s financial performance. The CODM assesses performance for the single segment and decides how to allocate resources based on net income or loss as reported on the condensed consolidated statements of operations as consolidated net income (loss). Revenue from external customers and significant segment expenses are presented in the Company's condensed consolidated statements of operations. The measure of segment assets is reported on the balance sheet as total consolidated assets. All long-lived assets are located in the United States, and all revenue is generated in the United States.
Use of Estimates	The preparation of these condensed consolidated financial statements requires management to make estimates and assumptions relating to reported amounts of assets, liabilities, revenues, and expenses. Significant estimates and assumptions include but are not limited to accrued transaction dispute losses, fair value of the product obligation, the allowance for expected credit losses, valuation of income taxes, the capitalization and estimated useful life of internal-use software, and the fair value of equity awards and stock-based compensation. These estimates are inherently subject to judgment. Actual results could differ from these estimates, and such differences may be material to the condensed consolidated financial statements.
Concentrations of Credit Risk	Financial instruments that potentially expose the Company to concentration of credit risk consist of cash and cash equivalents, product collateral, marketable securities, and accounts receivable. The Company’s cash equivalents are invested in interest-bearing money market funds that invest in a portfolio of short-term U.S. government obligations, which include U.S. Treasuries and other securities issued or guaranteed by the U.S. government. The Company does not hold or issue financial instruments for trading purposes. Cash on deposit with financial institutions may, at times, exceed federally insured limits. Management believes that these financial institutions are financially sound and, accordingly, minimal credit risk exists.
Recently Adopted Accounting Standards and Recently Issued Accounting Pronouncements Not Yet Adopted	Recently Adopted Accounting Standards There are no recently adopted accounting pronouncements that are material to the Company as of March 31, 2026. Recently Issued Accounting Pronouncements Not Yet Adopted In November 2024, the FASB issued ASU 2024-03, Income Statement - Reporting Comprehensive Income - Expense Disaggregation Disclosures (Topic 220): Disaggregation of Income Statement Expenses, which requires disclosure of additional information about specific expense categories underlying certain income statement expense line items. Additionally, in January 2025, the FASB issued ASU 2025-01 to clarify the effective date of ASU 2024-03. This ASU is effective for annual periods beginning after December 15, 2026 and requires either prospective or retrospective application. The Company is currently evaluating the impact of the ASU on its disclosures. In July 2025, the FASB issued ASU 2025-05, Measurement of Credit Losses for Accounts Receivable and Contract Assets, which provides for a practical expedient to estimate credit losses related to accounts receivable and contract assets from revenue contracts accounted for in accordance with ASC 606 using information as of the balance sheet date. This ASU is effective for annual periods beginning after December 15, 2025 and early adoption is permitted. The Company is currently evaluating the impact of this ASU on its financial statements and related disclosures. In September 2025, the FASB issued ASU 2025-06, Targeted Improvements to the Accounting for Internal-Use Software. This ASU makes targeted improvements to the accounting for internal-use software costs, removing the previous “development stage” model and introducing a more judgment-based approach. This ASU is effective for annual reporting periods beginning after December 15, 2027 and provides for adoption on a prospective basis, with retrospective or modified retrospective application permitted. The Company is currently evaluating the impact of this ASU on its financial statements and related disclosures.

- Definition

Disclosure of accounting policy for segment reporting.

+ References

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+ Details

- Definition

Disclosure of accounting policy for the use of estimates in the preparation of financial statements in conformity with generally accepted accounting principles.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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+ Details

STOCK-BASED COMPENSATION- Schedule of Stock-Based Compensation Expense (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2026	Mar. 31, 2025
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Total	$ 60,652	$ 8,696
Member support and operations
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Total	8,522	1,124
Sales and marketing
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Total	4,000	483
Technology and development
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Total	25,403	3,703
General and administrative
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Total	$ 22,727	$ 3,386

- Definition

Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.

+ References

+ Details

CONSOLIDATED BALANCE SHEETS (Parenthetical) - $ / shares	Mar. 31, 2026	Dec. 31, 2025
Preferred stock, par value (in usd per share)	$ 0.0001	$ 0.0001
Preferred stock, authorized (in shares)	100,000,000	100,000,000
Preferred stock, issued (in shares)	0	0
Preferred stock, outstanding (in shares)	0	0
Common Class A
Common stock, par value (in usd per share)	$ 0.0001	$ 0.0001
Common stock, authorized (in shares)	5,000,000,000	5,000,000,000
Common stock, issued (in shares)	350,471,830	347,751,083
Common stock, outstanding (in shares)	350,471,830	347,751,083
Common Class B
Common stock, par value (in usd per share)	$ 0.0001	$ 0.0001
Common stock, authorized (in shares)	65,000,000	65,000,000
Common stock, issued (in shares)	32,132,289	32,182,289
Common stock, outstanding (in shares)	32,132,289	32,182,289
Common Class C
Common stock, par value (in usd per share)	$ 0.0001	$ 0.0001
Common stock, authorized (in shares)	500,000,000	500,000,000
Common stock, issued (in shares)	0	0
Common stock, outstanding (in shares)	0	0

FAIR VALUE MEASUREMENT (Tables)

3 Months Ended

Mar. 31, 2026

Fair Value Disclosures [Abstract]

Schedule of Assets and Liabilities Measured at Fair Value

The following table summarizes the assets and liabilities measured at fair value on a recurring basis by level within the fair value hierarchy:


	March 31, 2026
	Level 1		Level 2		Level 3
Assets
Cash equivalents:
Money market funds	$	499,848	$	—	$	—

Marketable securities:
U.S. government securities	384,526		—		—
U.S. agency securities	—		19,079		—
Total assets	$	884,374	$	19,079	$	—
Liabilities
Product obligation	$	—	$	—	$	121,141
Total liabilities	$	—	$	—	$	121,141


	December 31, 2025
	Level 1		Level 2		Level 3
Assets
Cash equivalents:
Money market funds	$	349,860	$	—	$	—
Marketable securities:
U.S. government securities	563,594		—		—
U.S. agency securities	—		24,234		—
Total assets	$	913,454	$	24,234	$	—
Liabilities
Product obligation	$	—	$	—	$	147,382
Total liabilities	$	—	$	—	$	147,382

Schedule of Significant Observable Inputs

The following table presents quantitative information about the significant unobservable inputs for the product obligation measured at fair value on a recurring basis, weighted by the total unrecovered balance:


March 31, 2026
Significant Unobservable Inputs	Range	Weighted Average Rate
Discount rate	3.68% - 4.81%	3.70	%
Expected loss rate	0.27% -100%	6.40	%


December 31, 2025
Significant Unobservable Inputs	Range	Weighted Average Rate
Discount rate	3.48% - 3.48%	3.48	%
Expected loss rate	0.27% - 100%	8.80	%

FAIR VALUE MEASUREMENT

3 Months Ended

Mar. 31, 2026

Fair Value Disclosures [Abstract]

FAIR VALUE MEASUREMENT

The Company’s financial instruments consist primarily of cash equivalents, marketable securities, accounts receivable, prepaid and other current assets, accounts payable, accrued and other current liabilities, and the product obligation. Accounts receivable, prepaid and other current assets, accounts payable, and accrued and other current liabilities are stated at their carrying value, which approximates fair value due to the short time to the expected receipt or payment date. Cash equivalents, marketable securities, and the product obligation are carried at fair value.

The following table summarizes the assets and liabilities measured at fair value on a recurring basis by level within the fair value hierarchy:


	March 31, 2026
	Level 1		Level 2		Level 3
Assets
Cash equivalents:
Money market funds	$	499,848	$	—	$	—

Marketable securities:
U.S. government securities	384,526		—		—
U.S. agency securities	—		19,079		—
Total assets	$	884,374	$	19,079	$	—
Liabilities
Product obligation	$	—	$	—	$	121,141
Total liabilities	$	—	$	—	$	121,141


	December 31, 2025
	Level 1		Level 2		Level 3
Assets
Cash equivalents:
Money market funds	$	349,860	$	—	$	—
Marketable securities:
U.S. government securities	563,594		—		—
U.S. agency securities	—		24,234		—
Total assets	$	913,454	$	24,234	$	—
Liabilities
Product obligation	$	—	$	—	$	147,382
Total liabilities	$	—	$	—	$	147,382

The Company classifies money market funds, U.S. government securities, and U.S. agency securities within Level 1 or Level 2 of the fair value hierarchy as the Company determined the fair value of these instruments using quoted market prices or alternative pricing sources and models utilizing market observable inputs.

The Company accounts for the product obligation as a derivative. The Company’s product obligation is measured at fair value on a recurring basis using unobservable inputs at each reporting period and are classified within Level 3. The fair value is derived using the discounted cash flow method. The key estimates and assumptions impacting the fair value include the Company’s expectation that the historical cash flows are indicative of future cash flows; that historical losses realized on the product obligation are indicative of future losses, adjusted, where applicable, for seasonality and new information about future expectations; and the expected recovery rate.


March 31, 2026
Significant Unobservable Inputs	Range	Weighted Average Rate
Discount rate	3.68% - 4.81%	3.70	%
Expected loss rate	0.27% -100%	6.40	%


December 31, 2025
Significant Unobservable Inputs	Range	Weighted Average Rate
Discount rate	3.48% - 3.48%	3.48	%
Expected loss rate	0.27% - 100%	8.80	%

Refer to Note 8 - Credit Obligations for more information on the product obligation.

The Company did not have any transfers between Level 1, Level 2, and Level 3 assets or liabilities during the periods presented.

- Definition

The entire disclosure for the fair value of financial instruments (as defined), including financial assets and financial liabilities (collectively, as defined), and the measurements of those instruments as well as disclosures related to the fair value of non-financial assets and liabilities. Such disclosures about the financial instruments, assets, and liabilities would include: (1) the fair value of the required items together with their carrying amounts (as appropriate); (2) for items for which it is not practicable to estimate fair value, disclosure would include: (a) information pertinent to estimating fair value (including, carrying amount, effective interest rate, and maturity, and (b) the reasons why it is not practicable to estimate fair value; (3) significant concentrations of credit risk including: (a) information about the activity, region, or economic characteristics identifying a concentration, (b) the maximum amount of loss the entity is exposed to based on the gross fair value of the related item, (c) policy for requiring collateral or other security and information as to accessing such collateral or security, and (d) the nature and brief description of such collateral or security; (4) quantitative information about market risks and how such risks are managed; (5) for items measured on both a recurring and nonrecurring basis information regarding the inputs used to develop the fair value measurement; and (6) for items presented in the financial statement for which fair value measurement is elected: (a) information necessary to understand the reasons for the election, (b) discussion of the effect of fair value changes on earnings, (c) a description of [similar groups] items for which the election is made and the relation thereof to the balance sheet, the aggregate carrying value of items included in the balance sheet that are not eligible for the election; (7) all other required (as defined) and desired information.

+ References

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-Topic 820
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-Paragraph 2
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+ Details

ACCOUNTS RECEIVABLE, NET

3 Months Ended

Mar. 31, 2026

Receivables [Abstract]

ACCOUNTS RECEIVABLE, NET

Accounts receivable, net consisted of the following:


	March 31, 2026		December 31, 2025
Receivables due from bank partners(1)	$	142,940	$	116,217
Network incentive receivable	140,397		130,962
Other receivables	11,001		10,705
Accounts receivable, net	$	294,338	$	257,884

_________________

The Company’s allowance for credit losses on accounts receivable was not material as of March 31, 2026 and December 31, 2025.

LOANS HELD FOR INVESTMENT, NET - Schedule of Credit Quality Information (Details) - USD ($) $ in Thousands	Mar. 31, 2026	Dec. 31, 2025
Financing Receivable, Credit Quality Indicator [Line Items]
Total	$ 179,536	$ 148,221
1 - 30
Financing Receivable, Credit Quality Indicator [Line Items]
Total	105,315	64,779
31 - 60
Financing Receivable, Credit Quality Indicator [Line Items]
Total	6,540	9,456
61 - 90
Financing Receivable, Credit Quality Indicator [Line Items]
Total	5,987	9,794
91 - 120
Financing Receivable, Credit Quality Indicator [Line Items]
Total	6,275	7,982
121 - 180
Financing Receivable, Credit Quality Indicator [Line Items]
Total	14,731	15,353
181 - 270
Financing Receivable, Credit Quality Indicator [Line Items]
Total	20,342	21,783
Greater than 270
Financing Receivable, Credit Quality Indicator [Line Items]
Total	$ 20,346	$ 19,074

- Definition

Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.

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+ Details

STOCK-BASED COMPENSATION - Stock-Based Compensation Expense (Details) $ in Millions	3 Months Ended
	Mar. 31, 2026 USD ($)
Share-Based Payment Arrangement [Abstract]
Unrecognized stock based compensation	$ 626.0
Period for recognition over weightage average period	3 years 2 months 1 day

PROPERTY, EQUIPMENT, AND SOFTWARE, NET (Tables)

3 Months Ended

Mar. 31, 2026

Property, Plant and Equipment [Abstract]

Schedule of Property, Equipment and Software, Net

Property, equipment, and software, net consisted of the following:


	March 31, 2026		December 31, 2025
Computer equipment and purchased software	$	4,956	$	4,301
Furniture and fixtures	12,379		10,752
Leasehold improvements	83,769		79,429
Capitalized internal-use software	74,605		73,669
Total property, equipment, and software	175,709		168,151
Less: accumulated depreciation and amortization	(81,073)		(73,831)
Property, equipment, and software, net	$	94,636	$	94,320

Schedule of Finite-Lived Intangible Assets

Property, equipment, and software, net consisted of the following:


	March 31, 2026		December 31, 2025
Computer equipment and purchased software	$	4,956	$	4,301
Furniture and fixtures	12,379		10,752
Leasehold improvements	83,769		79,429
Capitalized internal-use software	74,605		73,669
Total property, equipment, and software	175,709		168,151
Less: accumulated depreciation and amortization	(81,073)		(73,831)
Property, equipment, and software, net	$	94,636	$	94,320

STOCK-BASED COMPENSATION - PSUs and Market based PSUs (Details) - $ / shares	1 Months Ended		3 Months Ended
	Apr. 30, 2025	Jun. 30, 2024	Mar. 31, 2026	Dec. 31, 2025
Performance-based PSUs
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Granted (in shares)	4,800,000	1,929,943	0
Vesting period	4 years
Outstanding shares (in shares)			6,603,929	6,669,297
Cancelled (in shares)			65,368
Vested (in shares)			0
Weighted average grant date fair value (in usd per share)			$ 26.77	$ 26.74
Market-based PSUs
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Granted (in shares)	1,600,000
Vesting period	4 years
Outstanding shares (in shares)			1,600,000
Cancelled (in shares)			0
Vested (in shares)			0
Weighted average grant date fair value (in usd per share)			$ 23.96

- Definition

Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.

+ References

+ Details

NET INCOME PER SHARE - Schedule of Antidilutive Securities Excluded from Computation of Earnings Per Share (Details) - shares	3 Months Ended
	Mar. 31, 2026	Mar. 31, 2025
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Total anti-dilutive securities (in shares)	21,068,208	344,712,396
Redeemable convertible preferred stock on an as-converted basis
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Total anti-dilutive securities (in shares)	0	258,667,796
Outstanding options to purchase common stock
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Total anti-dilutive securities (in shares)	9,970,914	33,649,122
Unvested service-based RSUs
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Total anti-dilutive securities (in shares)	2,428,906	48,435,337
Unvested performance-based PSUs
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Total anti-dilutive securities (in shares)	6,603,929	1,929,943
Unvested market-based PSUs
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Total anti-dilutive securities (in shares)	1,600,000	0
Unvested restricted stock awards
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Total anti-dilutive securities (in shares)	464,459	1,242,358
Warrants to purchase common stock
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Total anti-dilutive securities (in shares)	0	787,840

Cover - shares	3 Months Ended
Cover - shares	Mar. 31, 2026	May 04, 2026
Document Information [Line Items]
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Mar. 31, 2026
Document Transition Report	false
Entity File Number	001-42693
Registrant Name	Chime Financial, Inc.
Entity Incorporation, State or Country Code	DE
Entity Tax Identification Number	46-0925388
Entity Address, Address Line One	101 California Street
Entity Address, Address Line Two	Suite 500
Entity Address, City or Town	San Francisco
Entity Address, State or Province	CA
Entity Address, Postal Zip Code	94111
City Area Code	844
Local Phone Number	244-6363
Title of 12(b) Security	Class A common stock, $0.0001 par value per share
Trading Symbol	CHYM
Security Exchange Name	NASDAQ
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Non-accelerated Filer
Entity Small Business	false
Entity Emerging Growth Company	false
Entity Shell Company	false
Central Index Key	0001795586
Amendment Flag	false
Document Fiscal Period Focus	Q1
Document Fiscal Year Focus	2026
Current Fiscal Year End Date	--12-31
Common Class A
Document Information [Line Items]
Entity Common Stock, Shares Outstanding		348,886,850
Common Class B
Document Information [Line Items]
Entity Common Stock, Shares Outstanding		32,132,289
Common Class C
Document Information [Line Items]
Entity Common Stock, Shares Outstanding		0

CREDIT OBLIGATIONS (Tables)

3 Months Ended

Mar. 31, 2026

Credit Loss [Abstract]

Schedule of Changes in Allowance For Expected Credit Losses

Below is a summary of the changes in allowance for expected credit losses on MyPay loans held for investment:


	Three Months Ended March 31,
	2026		2025
Balance, beginning of the period	$	76,640	$	30,649
Provision for expected credit losses	13,309		21,900
Amounts written off	(17,705)		—
Recoveries collected	1,477		—
Balance, end of the period	$	73,721	$	52,549

Schedule of Product Obligation Reconciliation

The following table presents a reconciliation of the Company’s product obligation:


	Three Months Ended March 31,
		2026		2025
Balance, beginning of the period		$	147,382	$	114,377
Change in fair value of product obligation(1)		(26,547)		28,751
Settlements		306		(18,456)
Balance, end of the period		$	121,141	$	124,672

__________________

(1)The change in fair value of the product obligation was recorded on the condensed consolidated statements of operations as follows:


	Three Months Ended March 31,
		2026		2025
Revenue:
Off-balance sheet MyPay receivables		$	(64,833)	$	(38,872)
Instant Loans		(13,757)		—
Total recorded as revenue		(78,590)		(38,872)
Transaction and risk losses:
Off-balance sheet MyPay receivables		25,003		35,400
Instant Loans		7,216		—
SpotMe and other negative balances		19,824		32,223
Total recorded as transaction and risk losses		52,043		67,623
Total change in fair value of the product obligation		$	(26,547)	$	28,751

SIGNIFICANT BALANCE SHEET COMPONENTS - Schedule of Other Assets (Details) - USD ($) $ in Thousands	Mar. 31, 2026	Dec. 31, 2025
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Goodwill	$ 27,492	$ 27,492
Other assets	2,916	3,354
Total other assets	$ 30,408	$ 30,846

- Definition

Amount, after accumulated impairment loss, of asset representing future economic benefit arising from other asset acquired in business combination or from joint venture formation or both, that is not individually identified and separately recognized.

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+ Details

SUBSEQUENT EVENT (Details) $ in Millions	May 06, 2026 USD ($)
Subsequent Event
Subsequent Event [Line Items]
Share repurchase program authorized, amount	$ 200.0

STOCK-BASED COMPENSATION - Schedule of RSAs, RSUs, and PSUs (Details) - $ / shares	1 Months Ended		3 Months Ended
	Apr. 30, 2025	Jun. 30, 2024	Mar. 31, 2026
Service-based RSAs
Number of Shares
Unvested, beginning balance (in shares)			498,722
Granted (in shares)			0
Vested (in shares)			(78,935)
Forfeited/Cancelled (in shares)			0
Unvested, ending balance (in shares)			419,787
Weighted-average grant date fair value per share
Unvested, beginning balance (in usd per share)			$ 23.25
Granted (in usd per share)			0
Vested (in usd per share)			23.25
Forfeited/Cancelled (in usd per share)			0
Unvested, ending balance (in usd per share)			$ 23.25
Performance-based RSAs
Number of Shares
Unvested, beginning balance (in shares)			483,125
Granted (in shares)			0
Vested (in shares)			(18,666)
Forfeited/Cancelled (in shares)			0
Unvested, ending balance (in shares)			464,459
Weighted-average grant date fair value per share
Unvested, beginning balance (in usd per share)			$ 23.25
Granted (in usd per share)			0
Vested (in usd per share)			23.25
Forfeited/Cancelled (in usd per share)			0
Unvested, ending balance (in usd per share)			$ 23.25
Service-based RSUs
Number of Shares
Unvested, beginning balance (in shares)			20,874,834
Granted (in shares)			9,582,480
Vested (in shares)			(317,083)
Vested and settled (in shares)			(1,949,321)
Forfeited/Cancelled (in shares)			(1,376,628)
Unvested, ending balance (in shares)			26,814,282
Weighted-average grant date fair value per share
Unvested, beginning balance (in usd per share)			$ 24.43
Granted (in usd per share)			20.76
Vested (in usd per share)			22.82
Vested and settled (in usd per share)			23.55
Forfeited/Cancelled (in usd per share)			23.55
Unvested, ending balance (in usd per share)			$ 24.43
Performance-based PSUs
Number of Shares
Unvested, beginning balance (in shares)			6,669,297
Granted (in shares)	4,800,000	1,929,943	0
Vested (in shares)			0
Forfeited/Cancelled (in shares)			(65,368)
Unvested, ending balance (in shares)			6,603,929
Weighted-average grant date fair value per share
Unvested, beginning balance (in usd per share)			$ 26.74
Granted (in usd per share)			0
Vested (in usd per share)			0
Forfeited/Cancelled (in usd per share)			23.25
Unvested, ending balance (in usd per share)			$ 26.77
Unvested service-based RSUs
Weighted-average grant date fair value per share
Shares issued net of shares for tax withholdings (in shares)			78,187,000

CREDIT OBLIGATIONS - Schedule of Product Obligation Reconciliation (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2026	Mar. 31, 2025
Fair Value, Net Derivative Asset (Liability) Measured on Recurring Basis, Unobservable Input Reconciliation [Roll Forward]
Balance, beginning of the period	$ 147,382	$ 114,377
Change in fair value of product obligation	$ 26,547	$ (28,751)
Fair Value, Net Derivative Asset (Liability), Recurring Basis, Unobservable Input Reconciliation, Gain (Loss), Statement of Income or Comprehensive Income [Extensible Enumeration]	Change in fair value of product obligation	Change in fair value of product obligation
Settlements	$ 306	$ (18,456)
Balance, end of the period	121,141	124,672
Revenue:
Fair Value, Net Derivative Asset (Liability) Measured on Recurring Basis, Unobservable Input Reconciliation [Roll Forward]
Change in fair value of product obligation	$ 78,590	$ 38,872
Fair Value, Net Derivative Asset (Liability), Recurring Basis, Unobservable Input Reconciliation, Gain (Loss), Statement of Income or Comprehensive Income [Extensible Enumeration]	Revenue	Revenue
Transaction and risk losses:
Fair Value, Net Derivative Asset (Liability) Measured on Recurring Basis, Unobservable Input Reconciliation [Roll Forward]
Change in fair value of product obligation	$ (52,043)	$ (67,623)
Fair Value, Net Derivative Asset (Liability), Recurring Basis, Unobservable Input Reconciliation, Gain (Loss), Statement of Income or Comprehensive Income [Extensible Enumeration]	Transaction and risk losses	Transaction and risk losses
Off-balance sheet MyPay receivables \| Revenue:
Fair Value, Net Derivative Asset (Liability) Measured on Recurring Basis, Unobservable Input Reconciliation [Roll Forward]
Change in fair value of product obligation	$ 64,833	$ 38,872
Off-balance sheet MyPay receivables \| Transaction and risk losses:
Fair Value, Net Derivative Asset (Liability) Measured on Recurring Basis, Unobservable Input Reconciliation [Roll Forward]
Change in fair value of product obligation	(25,003)	(35,400)
Instant Loans \| Revenue:
Fair Value, Net Derivative Asset (Liability) Measured on Recurring Basis, Unobservable Input Reconciliation [Roll Forward]
Change in fair value of product obligation	13,757	0
Instant Loans \| Transaction and risk losses:
Fair Value, Net Derivative Asset (Liability) Measured on Recurring Basis, Unobservable Input Reconciliation [Roll Forward]
Change in fair value of product obligation	(7,216)	0
SpotMe and other negative balances
Fair Value, Net Derivative Asset (Liability) Measured on Recurring Basis, Unobservable Input Reconciliation [Roll Forward]
Change in fair value of product obligation	$ (19,824)	$ (32,223)
Fair Value, Net Derivative Asset (Liability), Recurring Basis, Unobservable Input Reconciliation, Gain (Loss), Statement of Income or Comprehensive Income [Extensible Enumeration]	Transaction and risk losses	Transaction and risk losses

CONSOLIDATED STATEMENTS OF COMPREHENSIVE LOSS - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2026	Mar. 31, 2025
Statement of Comprehensive Income [Abstract]
Net income	$ 53,456	$ 12,939
Other comprehensive income (loss):
Net unrealized gain (loss) on marketable securities, net of tax	(987)	82
Foreign currency translation adjustments	(132)	9
Total comprehensive income	$ 52,337	$ 13,030

- Definition

Amount after tax of increase (decrease) in equity from transactions and other events and circumstances from net income and other comprehensive income, attributable to parent entity. Excludes changes in equity resulting from investments by owners and distributions to owners.

+ References + Details

- Definition

The portion of profit or loss for the period, net of income taxes, which is attributable to the parent.

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+ Details

CREDIT OBLIGATIONS - Schedule of Changes in Allowance For Expected Credit Losses (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2026	Mar. 31, 2025
Financing Receivable, Excluding Accrued Interest, Allowance for Credit Loss [Roll Forward]
Balance, beginning of the period	$ 76,640	$ 30,649
Provision for expected credit losses	13,309	21,900
Amounts written off	(17,705)	0
Recoveries collected	1,477	0
Balance, end of the period	$ 73,721	$ 52,549

INCOME TAXES

3 Months Ended

Mar. 31, 2026

Income Tax Disclosure [Abstract]

INCOME TAXES


	Three Months Ended March 31,
	2026			2025
Income before income taxes	$	53,911		$	14,491
Provision for income taxes	455			1,552
Effective tax rate	0.8		%	10.7		%

The Company’s tax provision for interim periods is determined using an estimated annual effective tax rate (“ETR”), adjusted for discrete items arising in the period. In each quarter, the Company updates its estimated annual ETR and makes a year-to-date calculation of the provision.

The Company’s ETR was 0.8% for the three months ended March 31, 2026 . The primary difference between the ETR and the federal statutory tax rate for each period was due to the non-deductible executive compensation, the excess tax benefits from stock-based compensation and valuation allowance on the Company’s deferred tax assets. Tax expense for the three months ended March 31, 2026 was due to current state taxes. The Company’s ETR was 10.7% for the three months ended March 31, 2025. The primary difference between the ETR and the federal statutory tax rate for each period is due to the valuation allowance on the Company’s deferred tax assets. The tax expense consisted of current federal and state taxes.

Management reviews all available positive and negative evidence in assessing the realizability of deferred tax assets. As of March 31, 2026, the Company maintained a full valuation allowance against the net deferred tax assets in applicable jurisdictions.

- Definition

The entire disclosure for income tax.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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+ Details

COMMITMENTS AND CONTINGENCIES

3 Months Ended

Mar. 31, 2026

Commitments and Contingencies Disclosure [Abstract]

COMMITMENTS AND CONTINGENCIES

Lease Commitments

The Company leases certain property under operating leases that expire at various dates. The most significant of these operating leases is the corporate headquarters in San Francisco, California. For the three months ended March 31, 2026 and 2025, rent expense for all operating leases was $4.0 million and $2.8 million.

The Company’s operating lease costs are as follows:


	Three Months Ended March 31,
		2026		2025
Fixed operating lease costs		$	3,981	$	2,649
Variable operating lease costs		2,084		1,736
Short-term lease cost		44		143
Sublease income		—		(224)
Total lease cost		$	6,109	$	4,304

Variable operating lease costs are primarily related to payments made to the Company’s landlords for common area maintenance, property taxes, insurance, and other operating expenses.

Cash flows related to leases were as follows:


	Three Months Ended March 31,
		2026		2025
Operating cash flows:
Payments for operating lease liabilities		$	3,980	$	4,876

Contingencies

In the ordinary course of business, the Company may be subject to various legal proceedings, including, from time to time, actions which are asserted to be maintainable as class action suits, and is at times subjected to government and regulatory proceedings, investigations and inquiries. The Company reviews these matters on an ongoing basis to determine whether it is probable and estimable that a loss has occurred and uses that information when making accrual and disclosure decisions. If the potential loss is considered probable and the amount can be reasonably estimated, the Company accrues a liability for the estimated loss. If the reasonable estimate is a range and no amount within that range is considered a better estimate than any other amount, an accrual is recorded based on the bottom amount of the range. Loss contingencies that are reasonably possible of occurrence are subject to disclosure.

MARKETABLE SECURITIES

3 Months Ended

Mar. 31, 2026

Investments, Debt and Equity Securities [Abstract]

MARKETABLE SECURITIES

The following tables summarize the amortized cost, gross unrealized gains and losses, and fair value of the Company’s available for sale (“AFS”) securities aggregated by investment category:


	March 31, 2026
	Cost or Amortized Cost		Unrealized Gains		Unrealized Losses		Total Estimated Fair Value
Marketable securities:
U.S. government securities	$	384,320	$	306	$	(100)	384,526
U.S. agency securities	19,125		—		(46)		19,079




Total marketable securities	$	403,445	$	306	$	(146)	$	403,605


	December 31, 2025
	Cost or Amortized Cost		Unrealized Gains		Unrealized Losses		Total Estimated Fair Value
Marketable securities:
U.S. government securities	$	562,463	$	1,131	$	—	$	563,594
U.S. agency securities	24,218		16		—		24,234




Total marketable securities	$	586,681	$	1,147	$	—	$	587,828

As of March 31, 2026 and December 31, 2025, the Company had 22 and nil marketable securities positions in an unrealized loss position. The unrealized losses above were as a consequence of interest rate changes. The Company does not intend to sell nor anticipate that it will be required to sell these securities before recovery of the amortized cost basis. Unrealized losses on available-for-sale debt securities were determined not to be related to credit related losses, therefore, no allowance for credit losses was recorded. The cost of securities sold is based on the specific-identification method. There were no material realized gains or losses from marketable securities that were reclassified out of accumulated other comprehensive income for the three months ended March 31, 2026 and 2025.


	As of March 31, 2026
	Less than 12 months				Greater than 12 months				Total
	Fair Value		Gross Unrealized Losses		Fair Value		Gross Unrealized Losses		Fair Value		Gross Unrealized Losses
Marketable securities:
U.S. government securities	$	86,147	$	(100)	$	—	$	—	$	86,147	$	(100)
U.S. agency securities	19,079		(46)		—		—		19,079		(46)


Total	$	105,226	$	(146)	$	—	$	—	$	105,226	$	(146)

There were no gross unrealized losses as of December 31, 2025.

The following table summarizes the Company’s marketable securities by contractual maturity:


	As of March 31, 2026
	Amortized Cost		Fair Value
Within one year	$	356,489	$	356,765
After one year to five years	46,956		46,840
Total	$	403,445	$	403,605

STOCK-BASED COMPENSATION - Equity Incentive Plans (Details)	Mar. 31, 2026 shares
2025 plan \| Common Class A
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Shares available for grant (in shares)	63,727,488

- Definition

Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.

+ References

+ Details

COMMON STOCK, AND STOCKHOLDERS’ EQUITY	3 Months Ended
COMMON STOCK, AND STOCKHOLDERS’ EQUITY	Mar. 31, 2026
Equity [Abstract]
COMMON STOCK, AND STOCKHOLDERS’ EQUITY	COMMON STOCK AND STOCKHOLDERS’ EQUITY Preferred Stock As of March 31, 2026, no terms of the preferred stock have been designated, no shares of preferred stock were outstanding and the Company had no present plan to issue any shares of preferred stock. Common Stock The Company has three series of authorized common stock: Class A common stock, Class B common stock, and Class C common stock. The rights of the holders of Class A common stock, Class B common stock, and Class C common stock are identical, except with respect to voting and conversion. Each share of Class A common stock is entitled to one vote per share. Each share of Class B common stock is entitled to 20 votes per share and is convertible at any time into one share of Class A common stock. Shares of Class C common stock have zero voting rights, except as otherwise required by law. Common stockholders are entitled to dividends when and if declared by the board of directors. There were no dividends declared or paid to common stockholders during the three months ended March 31, 2026 and 2025.

- Definition

The entire disclosure for equity.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 815
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-Name Accounting Standards Codification
-Section 50
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Reference 3: http://www.xbrl.org/2003/role/disclosureRef
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+ Details

MARKETABLE SECURITIES - Schedule of Unrealized Loss on Investments (Details) - USD ($) $ in Thousands	Mar. 31, 2026	Dec. 31, 2025
Fair Value
Less than 12 months	$ 105,226
Greater than 12 months	0
Total	105,226
Gross Unrealized Losses
Less than 12 months	(146)
Greater than 12 months	0
Total	(146)	$ 0
U.S. government securities
Fair Value
Less than 12 months	86,147
Greater than 12 months	0
Total	86,147
Gross Unrealized Losses
Less than 12 months	(100)
Greater than 12 months	0
Total	(100)
U.S. agency securities
Fair Value
Less than 12 months	19,079
Greater than 12 months	0
Total	19,079
Gross Unrealized Losses
Less than 12 months	(46)
Greater than 12 months	0
Total	$ (46)

LOANS HELD FOR INVESTMENT, NET (Tables)

3 Months Ended

Mar. 31, 2026

Receivables [Abstract]

Schedule of Loans Held For Investment, Net

Accounts receivable, net consisted of the following:


	March 31, 2026		December 31, 2025
Receivables due from bank partners(1)	$	142,940	$	116,217
Network incentive receivable	140,397		130,962
Other receivables	11,001		10,705
Accounts receivable, net	$	294,338	$	257,884

_________________

Loans held for investment, net consisted of the following:



	March 31, 2026		December 31, 2025
Loans held for investment	$	179,536	$	148,221
Less: allowance for expected credit losses	(73,721)		(76,640)
Total loans held for investment, net	$	105,815	$	71,581

Schedule of Credit Quality Information

Below is a summary of the loans held for investment by vintage:



Days from origination	March 31, 2026		December 31, 2025
1 - 30	$	105,315	$	64,779
31 - 60	6,540		9,456
61 - 90	5,987		9,794
91 - 120	6,275		7,982
121 - 180	14,731		15,353
181 - 270	20,342		21,783
Greater than 270	20,346		19,074
Total	$	179,536	$	148,221

CREDIT OBLIGATIONS

3 Months Ended

Mar. 31, 2026

Credit Loss [Abstract]

CREDIT OBLIGATIONS

The Company has credit obligations related to both on- and off-balance sheet receivables from members. Credit obligations related to MyPay loans held for investment on the Company’s balance sheets are recorded as an allowance for expected credit losses. Future expected cash flows, including credit obligations related to MyPay and Instant Loan receivables retained by the bank partners, SpotMe, and other instances where a member’s account is overdrawn are recorded as a product obligation on the condensed consolidated balance sheets.

MyPay receivables on the Company’s balance sheet have the risks and characteristics similar to the off-balance sheet balances retained by the bank partners and similar risk characteristics were applied consistently for the products during underwriting. Accordingly, the credit exposure is expected to be similar for these obligations.

Allowance for Expected Credit Losses

The allowance for expected credit losses on loans held for investment reflects the Company’s estimate of uncollectible balances resulting from credit losses and is based on the determination of the amount of lifetime expected credit losses inherent in the loans held for investment as of the reporting date. The Company measures the allowance for expected credit losses based on a discounted cash flow method, where future cash flows estimated using the roll rate method are discounted. Historical data is categorized into pools with similar risk characteristics, and roll rates are calculated based on the vintage loans held for investment origination, defined as by month. This results in an expected loss rate for each vintage. The Company considers whether the current conditions and reasonable and supportable forecasts about future conditions indicate that expected loss rates derived based on historical experience merit adjustment. In assessing such adjustments, the Company evaluates factors such as unemployment rates, short-term economic trends, and cash collections subsequent to the balance sheet date. The expected loss rate is then applied to the outstanding principal balance of each vintage at the end of the period,

resulting in the recognition of the expected loss at period-end. The allowance for expected credit loss is recorded against loans held for investment, along with a corresponding charge recorded within transaction and risk losses in the consolidated statement of operations. In general, loans held for investment are charged-off after 365 days of non-payment. At each reporting period, the Company adjusts the allowance for changes in the estimate of lifetime expected credit losses and reverses the allowance upon either payment of the loans held for investment or upon charge-off.

Below is a summary of the changes in allowance for expected credit losses on MyPay loans held for investment:


	Three Months Ended March 31,
	2026		2025
Balance, beginning of the period	$	76,640	$	30,649
Provision for expected credit losses	13,309		21,900
Amounts written off	(17,705)		—
Recoveries collected	1,477		—
Balance, end of the period	$	73,721	$	52,549

The Company began writing off loans held for investment during the second quarter in 2025, when such loans began aging beyond 365 days.

Product Obligation

The following table presents a reconciliation of the Company’s product obligation:


	Three Months Ended March 31,
		2026		2025
Balance, beginning of the period		$	147,382	$	114,377
Change in fair value of product obligation(1)		(26,547)		28,751
Settlements		306		(18,456)
Balance, end of the period		$	121,141	$	124,672

__________________

(1)The change in fair value of the product obligation was recorded on the condensed consolidated statements of operations as follows:


	Three Months Ended March 31,
		2026		2025
Revenue:
Off-balance sheet MyPay receivables		$	(64,833)	$	(38,872)
Instant Loans		(13,757)		—
Total recorded as revenue		(78,590)		(38,872)
Transaction and risk losses:
Off-balance sheet MyPay receivables		25,003		35,400
Instant Loans		7,216		—
SpotMe and other negative balances		19,824		32,223
Total recorded as transaction and risk losses		52,043		67,623
Total change in fair value of the product obligation		$	(26,547)	$	28,751

The Company’s maximum exposure to losses under its product obligation was $665.7 million and $526.5 million as of March 31, 2026 and 2025, which represent the total possible undiscounted amounts the Company could be required to pay, assuming no recoveries.

- Definition

The entire disclosure for credit loss on financial instrument measured at amortized cost basis, net investment in lease, off-balance sheet credit exposure, and available-for-sale debt security.

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+ Details

REVENUE - Schedule of Disaggregation of Revenue (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2026	Mar. 31, 2025
Disaggregation of Revenue [Line Items]
Total revenue	$ 647,387	$ 518,744
Payments revenue
Disaggregation of Revenue [Line Items]
Total revenue	432,644	375,312
Platform-related revenue
Disaggregation of Revenue [Line Items]
Total revenue	214,743	143,432
Revenue not from contract with customer	125,100	76,000
MyPay
Disaggregation of Revenue [Line Items]
Total revenue	103,800	64,300
MyPay \| Off-Balance Sheet Receivables
Disaggregation of Revenue [Line Items]
Total revenue	64,800	38,900
MyPay \| On-Balance Sheet Receivables
Disaggregation of Revenue [Line Items]
Total revenue	$ 39,000	$ 25,400

- Definition

Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.

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Amount of revenue recognized from goods sold, services rendered, insurance premiums, or other activities that constitute an earning process. Includes, but is not limited to, investment and interest income before deduction of interest expense when recognized as a component of revenue, and sales and trading gain (loss).

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-URI https://asc.fasb.org/1943274/2147482810/280-10-50-22

Reference 32: http://www.xbrl.org/2003/role/disclosureRef
-Topic 220
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 2
-Subparagraph (SX 210.5-03(1))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147483621/220-10-S99-2

+ Details

CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2026	Mar. 31, 2025
Operating activities:
Net income	$ 53,456	$ 12,939
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization	7,665	7,258
Non-cash lease expense	2,351	1,534
Stock-based compensation	60,652	8,696
Provision for transaction dispute losses	22,327	17,971
Change in fair value of product obligation	(26,547)	28,751
Provision for credit losses	14,534	23,549
Amortization of premium on marketable securities	(162)	(1,627)
Other	965	441
Changes in operating assets and liabilities:
Product collateral	19,727	4,151
Accounts receivable, net	(37,679)	(26,155)
Prepaid expenses and other assets	19,972	(8,680)
Accounts payable	(760)	1,768
Accrued and other liabilities	(47,399)	(73,954)
Operating lease liabilities	(1,929)	(3,937)
Settlements of the product obligation	306	(18,456)
Cash flows (used in) provided by operating activities	87,479	(25,751)
Investing activities:
Purchase of marketable securities	0	(38,502)
Proceeds from maturities of marketable securities	182,300	72,201
Purchases of loans held for investment	(1,296,434)	(1,139,723)
Repayments of loans held for investment	1,248,891	1,117,516
Purchase of property, equipment and software	(6,621)	(1,593)
Capitalization of internal-use software	(831)	(3,198)
Cash flows provided by investing activities	127,305	6,701
Financing activities:
Payment of debt issuance costs related to credit facilities	0	(843)
Taxes paid related to net share settlement of restricted stock units	(1,540)	0
Proceeds from exercise of stock options	13,923	717
Repurchases of common stock	(85,740)	0
Cash flows used in financing activities	(73,357)	(126)
Net increase in cash and cash equivalents and restricted cash	141,427	(19,176)
Cash, cash equivalents, and restricted cash, beginning of period	480,760	350,000
Cash, cash equivalents, and restricted cash, end of period	622,187	330,824
Cash and cash equivalents, end of the period	607,677	318,160
Restricted cash, end of the period	14,510	12,664
Cash, cash equivalents, and restricted cash, end of the period	622,187	330,824
Supplementary cash flow disclosure:
Cash paid for interest	280	165
Cash paid for income taxes, net of refunds received	40	43
Supplemental disclosures of noncash investing and financing activities:
Purchases of property, equipment and software in accounts payable	0	102
Unpaid debt issuance costs	$ 0	$ 508

MARKETABLE SECURITIES - Schedule of Available-for-Sale Marketable Securities (Details) - USD ($) $ in Thousands	Mar. 31, 2026	Dec. 31, 2025
Debt Securities, Available-for-Sale [Line Items]
Cost or Amortized Cost	$ 403,445	$ 586,681
Unrealized Gains	306	1,147
Unrealized Losses	(146)	0
Total Estimated Fair Value	403,605	587,828
U.S. government securities
Debt Securities, Available-for-Sale [Line Items]
Cost or Amortized Cost	384,320	562,463
Unrealized Gains	306	1,131
Unrealized Losses	(100)	0
Total Estimated Fair Value	384,526	563,594
U.S. agency securities
Debt Securities, Available-for-Sale [Line Items]
Cost or Amortized Cost	19,125	24,218
Unrealized Gains	0	16
Unrealized Losses	(46)	0
Total Estimated Fair Value	$ 19,079	$ 24,234

- Definition

Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 320
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481800/320-10-50-2

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Topic 320
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481800/320-10-50-2

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Topic 320
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (aa)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481800/320-10-50-2

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Topic 320
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (aaa)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481800/320-10-50-2

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Topic 320
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481800/320-10-50-2

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Topic 320
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (c)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481800/320-10-50-2

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Topic 320
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (d)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481800/320-10-50-2

Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Topic 320
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 3
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481800/320-10-50-3

Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Topic 320
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 3
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481800/320-10-50-3

Reference 10: http://www.xbrl.org/2003/role/disclosureRef
-Topic 320
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-Name Accounting Standards Codification
-Section 50
-Paragraph 3
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481800/320-10-50-3

Reference 11: http://www.xbrl.org/2003/role/disclosureRef
-Topic 320
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-Name Accounting Standards Codification
-Section 50
-Paragraph 3
-Subparagraph (c)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481800/320-10-50-3

Reference 12: http://www.xbrl.org/2003/role/disclosureRef
-Topic 320
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 3
-Subparagraph (d)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481800/320-10-50-3

+ Details

MARKETABLE SECURITIES - Narrative (Details) $ in Thousands	Mar. 31, 2026 USD ($) position	Dec. 31, 2025 USD ($) position
Investments, Debt and Equity Securities [Abstract]
Number of unrealized loss positions \| position	22	0
Allowance for credit losses	$ 0	$ 0
Gross unrealized loss	$ 146	$ 0

RELATED PARTY TRANSACTIONS (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2026	Mar. 31, 2025	Dec. 31, 2022
Related Party Transaction [Line Items]
General and administrative	$ 70,467	$ 47,173
Related Party
Related Party Transaction [Line Items]
Common stock, shares held by related party (in shares)			3,210,192
General and administrative	$ 0	$ 700

- Definition

Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 850
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (d)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147483326/850-10-50-1

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Topic 850
-SubTopic 10
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-Section 50
-Paragraph 1
-Subparagraph (c)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147483326/850-10-50-1

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Topic 850
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 3
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147483326/850-10-50-3

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Topic 235
-SubTopic 10
-Name Accounting Standards Codification
-Section S50
-Paragraph 1
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480738/235-10-S50-1

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Topic 235
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.4-08(k)(2))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480678/235-10-S99-1

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Topic 235
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.4-08(k)(1))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480678/235-10-S99-1

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Topic 310
-SubTopic 10
-Name Accounting Standards Codification
-Section 45
-Paragraph 13
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-URI https://asc.fasb.org/1943274/2147481990/310-10-45-13

Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 220
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
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-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479134/946-220-S99-1

Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 220
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.6-07(2)(c)(2)(ii))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479134/946-220-S99-1

Reference 10: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 220
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.6-07(2)(g)(3))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479134/946-220-S99-1

+ Details

FAIR VALUE MEASUREMENT - Schedule of Assets and Liabilities Measured at Fair Value (Details) - USD ($) $ in Thousands	Mar. 31, 2026	Dec. 31, 2025
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Product obligation	$ 121,141	$ 147,382
Level 1
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total assets	884,374	913,454
Product obligation	0	0
Total liabilities	0	0
Level 1 \| U.S. government securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Marketable securities:	384,526	563,594
Level 1 \| U.S. agency securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Marketable securities:	0	0
Level 1 \| Money market funds
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Cash equivalents:	499,848	349,860
Level 2
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total assets	19,079	24,234
Product obligation	0
Total liabilities	0
Level 2 \| U.S. government securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Marketable securities:	0	0
Level 2 \| U.S. agency securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Marketable securities:	19,079	24,234
Level 2 \| Money market funds
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Cash equivalents:	0	0
Level 3
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total assets	0	0
Product obligation	121,141	147,382
Total liabilities	121,141	147,382
Level 3 \| U.S. government securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Marketable securities:	0	0
Level 3 \| U.S. agency securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Marketable securities:	0	0
Level 3 \| Money market funds
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Cash equivalents:	$ 0	$ 0

PROPERTY, EQUIPMENT, AND SOFTWARE, NET - Schedule of Property, Equipment and Software, Net (Details) - USD ($) $ in Thousands	Mar. 31, 2026	Dec. 31, 2025
Property, Plant and Equipment [Line Items]
Total property, equipment, and software	$ 175,709	$ 168,151
Less: accumulated depreciation and amortization	(81,073)	(73,831)
Property, equipment, and software, net	94,636	94,320
Capitalized internal-use software
Property, Plant and Equipment [Line Items]
Total property, equipment, and software	74,605	73,669
Computer equipment and purchased software
Property, Plant and Equipment [Line Items]
Total property, equipment, and software	4,956	4,301
Furniture and fixtures
Property, Plant and Equipment [Line Items]
Total property, equipment, and software	12,379	10,752
Leasehold improvements
Property, Plant and Equipment [Line Items]
Total property, equipment, and software	$ 83,769	$ 79,429

INDEBTEDNESS (Details) - Credit Facility - Line of Credit - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2026	Mar. 31, 2025	Mar. 30, 2025
Line of Credit Facility [Line Items]
Floor rate	0.00%
Secured Overnight Financing Rate (SOFR) - Applicable Margin
Line of Credit Facility [Line Items]
Basis spread on variable rate	1.50%
Effective Federal Funds Rate
Line of Credit Facility [Line Items]
Basis spread on variable rate	0.50%
Adjusted SOFR
Line of Credit Facility [Line Items]
Basis spread on variable rate	1.00%
Second Adjusted SOFR
Line of Credit Facility [Line Items]
Basis spread on variable rate	0.50%
Secured Overnight Financing Rate (SOFR) \| Minimum
Line of Credit Facility [Line Items]
Basis spread on variable rate	1.50%
Secured Overnight Financing Rate (SOFR) \| Maximum
Line of Credit Facility [Line Items]
Basis spread on variable rate	1.25%
Base Rate \| Minimum
Line of Credit Facility [Line Items]
Basis spread on variable rate	0.50%
Base Rate \| Maximum
Line of Credit Facility [Line Items]
Basis spread on variable rate	0.25%
Revolving Credit Facility
Line of Credit Facility [Line Items]
Maximum borrowing capacity		$ 475.0	$ 125.0
Debt outstanding	$ 0.0
Letter of Credit
Line of Credit Facility [Line Items]
Debt outstanding	$ 31.4

CREDIT OBLIGATIONS - Narrative (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2026	Mar. 31, 2025
Credit Loss [Abstract]
Maximum exposure to losses	$ 665.7	$ 526.5

INCOME TAXES - Narrative (Details)	3 Months Ended
INCOME TAXES - Narrative (Details)	Mar. 31, 2026	Mar. 31, 2025
Income Tax Disclosure [Abstract]
Effective tax rate	0.80%	10.70%

SUBSEQUENT EVENT	3 Months Ended
SUBSEQUENT EVENT	Mar. 31, 2026
Subsequent Events [Abstract]
SUBSEQUENT EVENT	SUBSEQUENT EVENT On May 6, 2026, the Company announced that its board of directors approved an additional share repurchase authorization pursuant to which the Company may repurchase up to $200.0 million of its outstanding Class A common stock. Repurchases may be made from time to time through open market purchases, privately negotiated transactions or other means, subject to market conditions, applicable legal requirements, and other relevant factors. Open market repurchases may be structured to occur in accordance with the requirements of Rule 10b-18 of the Exchange Act. The Company may also, from time to time, enter into Rule 10b5-1 plans to facilitate repurchases of its Class A common stock under this authorization. The timing and actual number of shares repurchased may depend on a variety of factors, including legal requirements, price, and economic and market conditions. The repurchase program does not obligate the Company to repurchase any particular amount of Class A common stock and may be suspended or discontinued at any time at the Company’s discretion without prior notice, subject to all applicable securities laws.

FAIR VALUE MEASUREMENT - Schedule of Significant Observable Inputs (Details)	Mar. 31, 2026	Dec. 31, 2025
Minimum \| Discount rate
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Derivative liability, measurement input	0.0368	0.0348
Minimum \| Expected loss rate
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Derivative liability, measurement input	0.0027	0.0027
Maximum \| Discount rate
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Derivative liability, measurement input	0.0481	0.0348
Maximum \| Expected loss rate
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Derivative liability, measurement input	1	1
Weighted Average \| Discount rate
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Derivative liability, measurement input	0.0370	0.0348
Weighted Average \| Expected loss rate
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Derivative liability, measurement input	0.0640	0.0880

RELATED PARTY TRANSACTIONS	3 Months Ended
RELATED PARTY TRANSACTIONS	Mar. 31, 2026
Related Party Transactions [Abstract]
RELATED PARTY TRANSACTIONS	RELATED PARTY TRANSACTIONS Related party transactions may include any transaction between the Company and parties that control, are controlled by, or are under common control with the Company, as well as other related parties. The Company has defined related parties as members of the board of directors, executive officers, principal owners of the Company’s outstanding stock, and any immediate family members of each such related party, as well as any entity for which the aforementioned individuals exercise significant influence over or control. The Company established the Chime Scholars Foundation (the “Foundation”), a non-controlled nonprofit organization formed for the purpose of distributing charitable donations to recipients generally located in the communities the Company serves. In connection with this initiative, the Company entered into an agreement to gift 3,210,192 shares of the Company’s Class A common stock to the Foundation. In March 2026, the agreement was amended to provide for quarterly, rather than annual, share transfers beginning in the second quarter of 2026. The Company did not gift any stock in the three months ended March 31, 2026 and 2025. Cash donations are recognized as expenses when paid to the Foundation. During the three months ended March 31, 2026 and 2025 cash donations were nil and $0.7 million.

- Definition

The entire disclosure for related party transactions. Examples of related party transactions include transactions between (a) a parent company and its subsidiary; (b) subsidiaries of a common parent; (c) and entity and its principal owners; and (d) affiliates.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 850
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (d)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147483326/850-10-50-1

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480990/946-20-50-2

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 5
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480990/946-20-50-5

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
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-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480990/946-20-50-6

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 235
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (c)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147477968/946-235-50-2

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
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-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (e)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147477968/946-235-50-2

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 220
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.6-07(2)(g)(3))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479134/946-220-S99-1

Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 220
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.6-07(2)(c))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479134/946-220-S99-1

Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 220
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.6-07(2)(e))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479134/946-220-S99-1

Reference 10: http://www.xbrl.org/2003/role/disclosureRef
-Topic 850
-Name Accounting Standards Codification
-Publisher FASB
-URI https://asc.fasb.org/850/tableOfContent

Reference 11: http://www.xbrl.org/2003/role/disclosureRef
-Topic 850
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-Section 50
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-Publisher FASB
-URI https://asc.fasb.org/1943274/2147483326/850-10-50-6

Reference 12: http://www.xbrl.org/2003/role/disclosureRef
-Topic 850
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
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-Publisher FASB
-URI https://asc.fasb.org/1943274/2147483326/850-10-50-1

Reference 13: http://www.xbrl.org/2003/role/disclosureRef
-Topic 850
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147483326/850-10-50-1

+ Details

PROPERTY, EQUIPMENT, AND SOFTWARE, NET - Narrative (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2026	Mar. 31, 2025
Property, Plant and Equipment [Abstract]
Depreciation and amortization	$ 7.6	$ 7.2