Dave Inc. (DAVE)
NASDAQ:DAVE
Want to see DAVE full AI Analyst Report?
Earnings Data
Report Date
Aug 12, 2026After Close (Confirmed)
Period Ending
2026 (Q2)Consensus EPS Forecast
3.42Last Year’s EPS
0.62Same Quarter Last Year
Strong Buy
Based on 10 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call emphasized multiple strong operational and financial beats: robust 47% revenue growth, 57% adjusted EBITDA growth with high margins, improving credit performance (28‑day DPD at 1.69%), accelerating monetization (ARPU +24%), and active capital returns (significant buybacks and guidance raise). Lowlights were largely tactical and timing-related — Q1 seasonality and a ~$5M provision timing impact, modest near-term hiring costs, and the fact that new product Dave Flex is still in testing and not included in 2026 guidance. Given the breadth and magnitude of positive metrics, guidance raise, and capital actions relative to the limited and manageable headwinds, the tone is strongly constructive.Company Guidance
Strong Top-Line Growth
Revenue of $158.4M in Q1, up 47% year-over-year; sequentially down ~3% due to seasonal tax refund dynamics but well ahead of medium-term targets.
Outsized Profitability and Margin Expansion
Adjusted EBITDA of $69.3M, up 57% year-over-year, representing a 44% margin and ~300 basis points of year-over-year EBITDA margin expansion; GAAP net income $57.9M, up 101%.
Improving Unit Economics and Monetization
Adjusted net income $52.3M, up 61%; adjusted diluted EPS $3.64, up 64%; non-GAAP gross profit $114.4M, up 37% year-over-year and non-GAAP gross margin of 72% (company expects mid-70s for remainder of year).
Member and Engagement Growth
Monthly transacting members grew 18% year-over-year to 2.99M MPMs (MTMs), added 695,000 new members in Q1 (+22% YoY); ARPU increased 24% year-over-year; debit card spend $534M, up 9%.
ExtraCash Demand and Originations
ExtraCash originations reached $2.1B, up 37% year-over-year; average ExtraCash origination size up 10% year-over-year (sequential dip attributed to tax refunds but rebounded in April to $214).
Improved Credit Performance
28-day past due rate declined to 1.69% (Q1 record), a 1 basis point improvement year-over-year and down 85 basis points from three years ago, credited to Cash AI v5.5 and model/training investments.
Efficient Acquisition and Payback
Customer acquisition cost (CAC) of $18, flat year-over-year and improved ~11% sequentially; gross profit payback period improved to nearly 3 months, supporting scaled member acquisition.
Capital Allocation and Liquidity Moves
Deployed $194.9M into share repurchases and RSU settlements in Q1; reduced basic share count from 13.6M to 12.7M (~6%); completed $200M zero-coupon convertible notes (net proceeds $175.7M); remaining repurchase capacity ~$113.3M.
Raised Full-Year Guidance
Raised 2026 guidance: revenue $710M–$720M (+28% to +30% YoY), adjusted EBITDA $305M–$315M, adjusted diluted EPS $16.25–$16.75 (up from $14–$15, ~43%–47% YoY on tax-adjusted basis).
Product Innovation — Dave Flex & Cash AI Roadmap
Launched Pay-in-4 product 'Dave Flex' into trials with existing members (early engagement encouraging); Cash AI roadmap progressing (v5.5 deployed, v6 testing expected soon) to drive further credit and ARPU gains.
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 |
|---|---|---|---|
May 05, 2026 | $263.81 | $246.37 | -6.61% |
Mar 02, 2026 | $199.01 | $208.76 | +4.90% |
Nov 04, 2025 | $240.11 | $234.58 | -2.30% |
Aug 06, 2025 | $238.83 | $196.11 | -17.89% |
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 Inc. (DAVE) report earnings?
Dave Inc. (DAVE) is schdueled to report earning on Aug 12, 2026, After Close (Confirmed).
What is Dave Inc. (DAVE) earnings time?
Dave Inc. (DAVE) earnings time is at Aug 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 (Q2) is 3.42.