Dave reports Q2 adjusted EPS $3.14, consensus $1.94

Reports Q2 revenue $131.7M, consensus $113.63M. “It was another standout quarter for Dave (DAVE) as we delivered record-setting performance across key metrics,” said Jason Wilk, Founder and CEO of Dave. “Revenue growth accelerated for the third consecutive quarter to the fastest rate in over five years, driven by a step-change in ARPU expansion and continued momentum in Monthly Transacting Member growth. Non-GAAP gross profit rose 78% year-over-year, with non-GAAP gross margin expanding over 500 basis points to 70%, in line with prior targets. Operating leverage also scaled meaningfully, leading to record Adjusted EBITDA of $50.9 million, representing a 39% margin. This performance reflects the full-quarter benefit of our new fee structure, continued improvement in member lifetime value and strong execution by our team.”