Dave (DAVE) AI Stock Analysis

• Market Cap: $3.18B
• Dividend Yield: N/A
• Average Volume (3M): 482.88K
• Price to Earnings (P/E): 24.5
• Beta (1Y): 2.27
• Revenue Growth: 53.82%
• EPS Growth: 227.54%
• Country: US
• Employees: 274
• Sector: Technology
• Sector Strength: 88
• Industry: Software - Application
• EPS (TTM): 6.34
• Shares Outstanding: 12,190,000
• 10 Day Avg. Volume: 671,744
• 30 Day Avg. Volume: 482,877
• PEG Ratio: -0.09
• Price to Book (P/B): 5.94
• Price to Sales (P/S): 3.14
• P/FCF Ratio: 8.72
• Enterprise Value/Market Cap: 0.91
• Enterprise Value/Revenue: 5.86
• Enterprise Value/Gross Profit: 6.87
• Enterprise Value/Ebitda: 21.19
• 1Y Price Target: $294.14
• Price Target Upside: 21.94% Upside
• Rating Consensus: Strong Buy
• Number of Analyst Covering: 7
• EPS Forecast (FY): 6.39
• Revenue Forecast (FY): $512.49M

• Rating: 81 Outperform
• Price Target: $271.00 ▲(12.35% Upside)

Dave Inc. shows strong financial performance and a positive earnings call, highlighting significant revenue and EBITDA growth. The technical analysis supports a stable outlook, while the valuation suggests moderate pricing. The absence of corporate events and dividend yield indicates a focus on growth and reinvestment.

Positive Factors

Revenue Growth

Sustained revenue growth indicates strong market demand and effective business strategies, enhancing long-term financial stability.

Cash Flow Management

Efficient cash flow management supports operational needs and growth initiatives, ensuring financial resilience and strategic flexibility.

Subscription Revenue Increase

Growth in subscription revenue enhances profitability and provides a stable, recurring income stream, supporting long-term business sustainability.

Negative Factors

Higher Loss Rates

Increased loss rates could pressure profitability and require careful management to maintain financial health and investor confidence.

Legal Settlement Charge

Legal charges can impact financial results and highlight potential operational risks, necessitating strategic oversight to mitigate future liabilities.

Net Profit Margin Pressure

Declining net profit margins may indicate rising costs or inefficiencies, which could affect long-term profitability if not addressed.

Dave Business Overview & Revenue Model

Company Description

Dave Inc. provides a suite of financial products and services through its financial service online platform. The company offers Insights, a personal financial management tool to manage income and expenses between paychecks for members; ExtraCash, a free overdraft and short-term credit alternative, which allows members to advance funds to their account and avoid a fee; and Side Hustle, a job application portal. It also provides Dave Banking, a digital checking and demand deposit account. The company was founded in 2015 and is based in West Hollywood, California.

How the Company Makes Money

Dave generates revenue through several key streams. Primarily, the company earns money by charging users a monthly subscription fee for access to premium features, including financial insights and budgeting tools. Additionally, Dave offers cash advances to users, which may involve fees for late repayments or interest charges, contributing to its earnings. The company also partners with various financial institutions to facilitate transactions and may receive referral fees or commissions for these partnerships. Furthermore, revenue is supplemented through interchange fees collected when users make purchases using their Dave debit card.

Dave Financial Statement Overview

Summary

Dave demonstrates a strong financial performance with notable improvements in revenue growth, profitability, and cash flow generation. The company has effectively managed its leverage, resulting in a solid balance sheet. While historical volatility in margins and equity levels presents potential risks, the current trajectory suggests a positive outlook.

Income Statement

Dave has shown impressive revenue growth with a 10.81% increase in TTM, supported by strong gross and net profit margins of 88.44% and 30.56%, respectively. The company has successfully turned around its profitability, with a significant improvement in EBIT and EBITDA margins compared to previous years. However, the historical volatility in margins and profitability should be monitored.

Balance Sheet

The balance sheet reflects a healthy financial position with a low debt-to-equity ratio of 0.00 in TTM, indicating minimal leverage. The return on equity is robust at 65.84%, showcasing efficient use of equity capital. However, the equity ratio is not explicitly provided, and historical fluctuations in equity levels suggest potential risks.

Cash Flow

Cash flow analysis reveals strong free cash flow growth of 22.78% in TTM, with a free cash flow to net income ratio of 1.01, indicating efficient cash generation relative to earnings. The operating cash flow to net income ratio is not provided, but the overall cash flow position appears solid, with improvements over previous periods.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	491.30M	347.08M	259.09M	204.84M	153.01M	121.80M
Gross Profit	419.00M	316.70M	230.17M	172.89M	129.55M	100.15M
EBITDA	135.85M	76.02M	-31.08M	-112.64M	-14.30M	-5.08M
Net Income	146.73M	57.87M	-48.52M	-128.91M	-19.99M	-6.96M
Balance Sheet
Total Assets	433.25M	299.33M	294.02M	321.49M	147.19M	76.41M
Cash, Cash Equivalents and Short-Term Investments	91.73M	90.29M	155.94M	191.96M	40.23M	22.45M
Total Debt	75.30M	75.55M	181.29M	178.15M	73.64M	6.11M
Total Liabilities	141.94M	116.23M	206.96M	214.93M	108.45M	26.56M
Stockholders Equity	291.31M	183.10M	87.06M	106.56M	38.74M	49.84M
Cash Flow
Free Cash Flow	236.75M	124.88M	25.17M	-54.20M	-7.02M	-13.37M
Operating Cash Flow	238.44M	125.14M	33.75M	-44.88M	-541.00K	-9.15M
Investing Cash Flow	-178.73M	-45.84M	-14.38M	-285.58M	-37.20M	3.42M
Financing Cash Flow	-44.59M	-71.00M	22.00K	321.77M	65.05M	4.24M

Dave Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 241.21
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Positive
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For DAVE, the sentiment is Positive. The current price of 241.21 is above the 20-day moving average (MA) of 233.41, above the 50-day MA of 221.07, and above the 200-day MA of 172.56, indicating a bullish trend. The MACD of 6.31 indicates Positive momentum. The RSI at 54.61 is Neutral, neither overbought nor oversold. The STOCH value of 45.10 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for DAVE.

Dave Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
DAVE	81 Outperform	$3.18B	24.47	65.63%	―	53.82%	227.54%
FRSH	64 Neutral	$3.16B	―	-2.98%	―	18.18%	70.94%
GBTG	62 Neutral	$3.81B	341.52	0.76%	―	5.71%	―
Sector *	61 Neutral	$37.18B	12.37	-10.20%	1.83%	8.50%	-7.62%
GRND	53 Neutral	$2.80B	―	-171.54%	―	28.97%	-4.18%
ASAN	52 Neutral	$3.15B	―	-80.55%	―	9.74%	22.36%
RUM	46 Neutral	$2.56B	―	-122.08%	―	21.17%	-108.27%

Dave Corporate Events

Dave Inc. Reports Record Q3 Revenue and Profit Growth

Dave Inc., a leading U.S. neobank, provides innovative banking services leveraging disruptive technologies to serve millions of Americans. In its latest earnings report, Dave Inc. announced a record third-quarter revenue of $150.8 million, marking a 63% year-over-year increase, driven by strong growth in Monthly Transacting Members and a record Average Revenue Per User. The company also reported a significant rise in net income to $92 million and adjusted EBITDA to $58.7 million, reflecting a 137% increase. Key performance metrics include a 49% increase in ExtraCash originations to over $2 billion and a 25% rise in Dave Debit Card spend. With a robust financial performance, Dave Inc. has raised its 2025 revenue and adjusted EBITDA guidance to $544-$547 million and $215-$218 million, respectively. Looking ahead, Dave Inc. remains focused on scaling efficiently and driving profitable growth, supported by strong unit economics and strategic recalibrations in underwriting and acquisition strategies.

Dave Inc. Reports Record Growth in Earnings Call

Dave Inc.’s recent earnings call painted a positive picture of the company’s financial health and strategic direction. The management highlighted significant revenue and EBITDA growth, improved credit economics, and successful strategic initiatives. Despite facing challenges such as higher loss rates and a legal settlement charge, the overall sentiment was optimistic, reflecting the company’s robust performance and forward momentum.

Dave Inc. Announces New $125M Share Repurchase Program

On August 13, 2025, Dave Inc. announced that its Board of Directors has authorized a new share repurchase program to buy back up to $125 million of its outstanding Class A common stock, replacing the previous $50 million authorization. This move reflects the company’s confidence in its business model and aims to deliver attractive returns to shareholders while continuing to invest in long-term strategic priorities.

The most recent analyst rating on (DAVE) stock is a Buy with a $65.00 price target. To see the full list of analyst forecasts on Dave stock, see the DAVE Stock Forecast page.

Dave Inc. Reports Strong Q2 2025 Financial Growth

Dave Inc., a prominent neobank in the United States, leverages innovative technology to offer cost-effective banking services. The company recently released its second-quarter financial results for 2025, showcasing significant growth and strong financial performance.

Dave Inc. Reports Record Growth in Earnings Call

The recent earnings call for Dave Inc. was marked by a largely positive sentiment, reflecting significant strides in revenue and EBITDA growth. The company successfully implemented a new fee model, leading to increased member engagement and monetization. While challenges such as an increase in the delinquency rate and higher provision for credit losses were noted, these were attributed to a temporary third-party issue. Overall, the outlook remains robust with raised guidance for the full year.

Dave Amends Agreement with Coastal Community Bank

On August 4, 2025, Dave Operating LLC, a subsidiary of Dave Inc., amended its agreement with Coastal Community Bank to manage up to $225 million in receivables, which will be sold to Dave after 60 days. This move is expected to impact the company’s financial operations and partnership dynamics. Additionally, Dave Inc. reported significant financial growth for the second quarter of 2025, with a 64% increase in revenue to $131.7 million and a 42% rise in net income to $9.1 million. The company also raised its 2025 revenue and adjusted EBITDA guidance, reflecting strong performance and confidence in future growth.

The most recent analyst rating on (DAVE) stock is a Buy with a $65.00 price target. To see the full list of analyst forecasts on Dave stock, see the DAVE Stock Forecast page.