The earnings call presented a very positive outlook with record-breaking revenue growth, adjusted EBITDA performance, and strategic developments in member acquisition and product offerings. Despite some challenges with credit losses and a third-party issue affecting receivables, the overall sentiment is buoyed by strong financial metrics and raised guidance.

Company Guidance -

Q3 2025

During the recent conference call discussing Dave's financial results for the second quarter of fiscal year 2025, the company provided several key metrics and updates on its performance and future guidance. Revenue for Q2 2025 accelerated by 64% year-over-year to $131.7 million, marking the fastest growth rate in over five years, driven by a 16% increase in monthly transacting members (MTMs) and a significant 42% growth in average revenue per user (ARPU). Adjusted EBITDA more than tripled year-over-year to $50.9 million, highlighting strong operational leverage and effective expense management. The company raised its full-year revenue guidance to a range of $505 million to $515 million and adjusted EBITDA guidance to between $180 million and $190 million, reflecting confidence in ongoing momentum. Dave's strategic initiatives, including efficient member acquisition, enhanced member engagement through ExtraCash, and deepening relationships via the Dave Card, have contributed to a 14% increase in its member base to 12.9 million, with customer acquisition costs remaining modest at $19. Additionally, ExtraCash originations reached $1.8 billion, up 51% year-over-year, with an average origination size increase of 24% year-over-year to $206. The company's new monthly subscription fee for new members, increased from $1 to $3, is expected to positively impact lifetime value while the transition of ExtraCash receivables to Coastal Community Bank is anticipated to enhance capital efficiency. Overall, Dave's financial and strategic progress in Q2 2025 underscores its robust growth trajectory and commitment to delivering value to both members and shareholders.

Record Revenue Growth

Revenue accelerated 64% year-over-year to $131.7 million, marking the fastest growth rate in over 5 years.

Strong Adjusted EBITDA Performance

Adjusted EBITDA more than tripled year-over-year to $50.9 million, representing the largest absolute adjusted EBITDA gain in company history.

Significant Increase in Monthly Transacting Members

Monthly transacting members increased by 16% year-over-year, with a 42% increase in ARPU.

Positive Member Acquisition Metrics

722,000 new members were added in Q2, bringing total members to 12.9 million, with a modest increase in CAC to $19.

ExtraCash Origination Growth

ExtraCash originations reached $1.8 billion, up 51% year-over-year, marking a new high for the company.

Dave Card Usage Increase

Total card sum reached $493 million, up 27% year-over-year.

Successful Subscription Fee Increase

Rolled out a $3 monthly subscription fee for new members with minimal impact on conversion or retention.

Raised Full Year Guidance

Full year revenue guidance increased to $505 million to $515 million, and adjusted EBITDA guidance increased to $180 million to $190 million.

Dave (DAVE) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

Daily Earnings Calendar >

DAVE Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Nov 05, 2025	2025 (Q3)	1.80 / -	0.03	―	―	―
Aug 06, 2025	2025 (Q2)	1.43 / 0.62	1.006	-38.37% (-0.39)
May 08, 2025	2025 (Q1)	0.76 / 1.97	0.616	219.81% (+1.35)
Mar 03, 2025	2024 (Q4)	0.42 / 1.16	0.51	127.45% (+0.65)
Nov 12, 2024	2024 (Q3)	0.47 / 0.03	-1.008	102.98% (+1.04)
Aug 05, 2024	2024 (Q2)	0.13 / 1.01	-1.903	152.86% (+2.91)
May 07, 2024	2024 (Q1)	-0.28 / 0.62	-1.187	151.90% (+1.80)
Mar 05, 2024	2023 (Q4)	- / 0.51	-1.822	127.99% (+2.33)
Nov 07, 2023	2023 (Q3)	-1.88 / -1.01	-0.062	-1525.81% (-0.95)
Aug 08, 2023	2023 (Q2)	-1.97 / -1.90	-2.335	18.50% (+0.43)

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
Aug 06, 2025	$238.83	$196.11	-17.89%
May 08, 2025	$107.83	$152.73	+41.64%
Mar 03, 2025	$95.03	$90.38	-4.89%
Nov 12, 2024	$62.80	$90.43	+44.00%

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 Nov 05, 2025, After Close (Confirmed).

What is Dave (DAVE) earnings time?

Dave (DAVE) earnings time is at Nov 05, 2025, 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 2025 (Q3) is 1.8.

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