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Dave (DAVE)
NASDAQ:DAVE
Earnings Data
Report Date
May 12, 2026After Close (Confirmed)
Period Ending
2026 (Q1)Consensus EPS Forecast
2.62Last Year’s EPS
1.97Same Quarter Last Year
Strong Buy
Based on 6 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call emphasized strong, broad-based operating performance in 2025 — high revenue growth (60%), sizable adjusted EBITDA expansion (162% YoY), record margins, improving credit metrics via CashAI v5.5, and clear 2026 growth and profitability guidance. Management reported durable unit economics (improved payback, higher ARPU, record originations) and concrete balance sheet actions (off-balance-sheet receivables, expanded buyback). Key risks included an ongoing DOJ matter, seasonality-related provision timing in Q1, increased near-term marketing spend, and early-stage uncertainty around the pay in 4 product and Coastal fees affecting non-GAAP gross profit. Overall, positives materially outweigh the limited near-term and ongoing risks.Company Guidance
Record Annual Revenue and Adjusted EBITDA
Full-year 2025 revenue grew 60% year-over-year to $554.2 million, and adjusted EBITDA reached $226.7 million (≈41% margin). Adjusted EBITDA grew ~162% year-over-year, driven by gross margin expansion and operating leverage.
Quarterly Strength — Q4 Revenue and Profitability
Q4 2025 revenue was $163.7 million, up 62% year-over-year and 9% sequentially. Q4 adjusted EBITDA was a record $72.3 million (45% margin) and GAAP net income was $66 million versus $16.8 million a year ago.
Exceptional Flow-Through and Outperformance vs. Original Guidance
Company raised guidance every quarter in 2025 and exceeded the original midpoint by ~30% on revenue and nearly doubled original EBITDA guidance. Outperformance amounted to ~$129 million revenue and ~$112 million EBITDA, representing an 86% flow-through rate from top-line outperformance.
Improving Credit Performance via CashAI v5.5
CashAI v5.5 delivered sequential credit improvement: 28-day DPD improved to 1.89% (a ~12% sequential improvement) and the 28-day delinquency metric improved to 2.19% (down 14 bps sequentially). These drove record net monetization rate of 4.8% (up 29 bps year-over-year) and average revenue per ExtraCash origination net of losses grew 27% year-over-year.
Originations and ARPU Expansion
ExtraCash originations reached a record $2.2 billion (up 50% year-over-year). ARPU (spend) grew 36% year-over-year and multi-transaction members accelerated 19%. The company reported 2.9 million monthly transacting members (MTMs).
Efficient Member Acquisition and Improved Unit Economics
Q4 added 867,000 new members (up 13% year-over-year) at a $20 CAC. Annualized gross profit per MTM increased by $48 year-over-year. Gross profit payback improved by nearly one month to under four months, supporting scalable acquisition investment.
Material Gross Profit and Margin Expansion
Q4 gross profit was $121.9 million (up 68% year-over-year) with gross margin of 74% (≈+300 bps YoY, +500 bps sequential). Full-year gross profit was $401.5 million (up 68%) with a 72% gross margin (≈+400 bps YoY). Guidance for 2026 gross margins moved to the low-70s.
Balance Sheet and Capital Allocation Actions
Plan to transition ExtraCash receivables to an off-balance-sheet structure with Coastal Community Bank next quarter, expected to unlock >$200 million of incremental liquidity, reduce cost of capital and enable repayment of the existing credit facility by midyear. Board increased share repurchase authorization from $125 million to $300 million.
2026 Forward Guidance
Management provided 2026 guidance: revenue $690M–$710M (≈25%–28% YoY growth), adjusted EBITDA $290M–$305M, and introduced adjusted EPS guidance of $14–$15 (assumes ~23% effective tax rate).
DAVE Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
DAVE Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
Mar 02, 2026 | $199.01 | ― | ― |
Nov 04, 2025 | $240.11 | $234.58 | -2.30% |
Aug 06, 2025 | $238.83 | $196.11 | -17.89% |
May 08, 2025 | $107.83 | $152.73 | +41.64% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
FAQ
When does Dave (DAVE) report earnings?
Dave (DAVE) is schdueled to report earning on May 12, 2026, After Close (Confirmed).
What is Dave (DAVE) earnings time?
Dave (DAVE) earnings time is at May 12, 2026, After Close (Confirmed).
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is DAVE EPS forecast?
DAVE EPS forecast for the fiscal quarter 2026 (Q1) is 2.62.