Jun 2026 (Q2 FY26) — Aug 5, 2026
Dave Q2 FY26 — Strong Revenue Growth and Raised Full-Year Guidance
Read the full callDave (DAVE) earnings
- Jun 2026
- Jun 2026 (Q2 FY26)
- Dec 2025
Dave earnings: last reported Wed, 5 Aug 2026, for the quarter ended Jun 2026.
Reported
The figures, each with its period
Each figure keeps its basis and period; nothing is filled in.
| Metric | Value | Change | Basis | Period | Note |
|---|---|---|---|---|---|
| Revenue | 171 | +29.6% YoY | Quarterly, as filed | Quarter to Jun 2026 | Revenue from operations as filed. |
| Operating margin | Operating profit / revenue | Quarter to Jun 2026 | Not in the filed figures for the quarter to jun 2026. No older figure is substituted. | ||
| Net profit | 6.7 | −26.0% YoY | Quarterly, as filed | Quarter to Jun 2026 | Profit after tax as filed. |
Guidance
What management said, and what became of it
16 of 18 judged targets kept · 15 open · verdicts reflect calls analysed to Jun 2026.
| Target | Original wording | Said | Latest call | Verdict |
|---|---|---|---|---|
| CashAI v6.0 underwriting model | we will start to be testing v6.0 later this year | Dec 2025 | We additionally began rolling out Cash AI V6, the latest generation of our proprietary cash flow underwriting engine. | Achieved |
| Migration of all existing members to Coastal Community Bank | all of our customers on Coastal, hopefully in the next 12 months or sooner | Dec 2024 | Part of the scaling there is dictated or dependent on our full migration from our Evolve bank partnership as well, which we were in the process of migrating away from. | Missed |
| Full year adjusted diluted EPS | $14 to $15 | Dec 2025 | we expect adjusted diluted EPS of $17 to $17.50, up from $16.25 to $16.75, assuming a 23% effective tax rate | Revised Up |
2 of Dave Inc./DE's 33 targets were missed. See which ones, and which are quietly gone. The 3 above are the free sample; 30 more targets are in the full ledger.
Claimed
- Q2 revenue grew 30% year-over-year to $171 million, marking the ninth consecutive quarter of 30%+ growth.
- Adjusted EBITDA increased 48% year-over-year to $76 million, achieving a 44% margin.
- Added 951,000 new members, up 32% year-over-year, while maintaining a flat customer acquisition cost (CAC) of $19.
- ExtraCash originations reached $2.3 billion, up 27% year-over-year, with average ExtraCash size hitting a new high of $215.
- 28-day past due rate improved 14 basis points year-over-year to 2.12%, demonstrating strong credit performance.
Qualified
- GAAP net income declined to $7 million from $9 million a year ago, primarily due to $37 million in noncash mark-to-market charges for warrant and earn-out liabilities.
- Advertising and activation expense increased 43% sequentially to $20 million as the company accelerated top-of-funnel marketing.
Price
$369 +3.42% · +$12.2
Performance +70.6% 1Y
1Y: $216.25 on 14 Oct 2025 → $369. High $442.53 (16 Jul 2026), low $155.92 (5 Feb 2026).
- Previous close
- $356.8
- 52-week range
- $155.92 – $442.53
- One year
- +67.32%
Overview
- Symbol
- DAVE
- Sector
- Information Technology
- Exchange
- US
- Currency
- USD
Guidance
What management said, and what became of it
16 of 18 judged targets kept · 15 open · verdicts reflect calls analysed to Jun 2026.
| Target | Original wording | Said | Latest call | Verdict |
|---|---|---|---|---|
| CashAI v6.0 underwriting model | we will start to be testing v6.0 later this year | Dec 2025 | We additionally began rolling out Cash AI V6, the latest generation of our proprietary cash flow underwriting engine. | Achieved |
| Migration of all existing members to Coastal Community Bank | all of our customers on Coastal, hopefully in the next 12 months or sooner | Dec 2024 | Part of the scaling there is dictated or dependent on our full migration from our Evolve bank partnership as well, which we were in the process of migrating away from. | Missed |
| Full year adjusted diluted EPS | $14 to $15 | Dec 2025 | we expect adjusted diluted EPS of $17 to $17.50, up from $16.25 to $16.75, assuming a 23% effective tax rate | Revised Up |
Claimed
- Q2 revenue grew 30% year-over-year to $171 million, marking the ninth consecutive quarter of 30%+ growth.
- Adjusted EBITDA increased 48% year-over-year to $76 million, achieving a 44% margin.
- Added 951,000 new members, up 32% year-over-year, while maintaining a flat customer acquisition cost (CAC) of $19.
- ExtraCash originations reached $2.3 billion, up 27% year-over-year, with average ExtraCash size hitting a new high of $215.
- 28-day past due rate improved 14 basis points year-over-year to 2.12%, demonstrating strong credit performance.
Qualified
- GAAP net income declined to $7 million from $9 million a year ago, primarily due to $37 million in noncash mark-to-market charges for warrant and earn-out liabilities.
- Advertising and activation expense increased 43% sequentially to $20 million as the company accelerated top-of-funnel marketing.
The full ledger
Open Dave Inc./DE’s full ledger
A free account opens 5 company ledgers a month. All 33 tracked commitments, with each call’s wording and source.
Call summaries
Dec 2025 (Q4 FY25) — Mar 2, 2026
Dave Inc. Q4 FY25 — Record Revenue and EBITDA, Strong Credit Performance, and Increased Share Buyback
Read the full callEvery analysed call
Dave earnings calls (DAVE)
Financials
What the filings say
Net profit, year on year: −26% (quarter to jun 2026 against jun 2025).
| Line item | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Sales | 92 | 101 | 108 | 132 | 151 | 164 | 158 | 171 |
| Interest | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 2 |
| Profit before tax | 1 | 17 | 34 | 12 | 58 | 64 | 70 | 15 |
| Tax rate | 44.5% | 3.9% | 14.9% | 21.4% | −57.6% | −2.7% | 17.4% | 54.4% |
| Net profit | 0 | 17 | 29 | 9 | 92 | 66 | 58 | 7 |
| EPS ($ per share) | 0.04 | — | 2.19 | 0.68 | 6.84 | — | 4.31 | 0.53 |
| Line item | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|
| Reserves | -33 | -162 | -210 | -152 | 43 |
| Total liabilities | 108 | 215 | 207 | 116 | 135 |
| Fixed assets | 1 | 1 | 1 | 1 | 0 |
| Investments | 8 | 0 | 1 | 0 | 0 |
| Total assets | 147 | 321 | 294 | 299 | 487 |
| Line item | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|
| Cash from operations | -1 | -45 | 34 | 125 | 290 |
| Cash from investing | -37 | -286 | -14 | -46 | -203 |
| Cash from financing | 65 | 322 | 0 | -71 | -56 |
| Capital expenditure | -0 | -1 | -1 | -0 | -0 |
| Free cash flow | -1 | -46 | 33 | 125 | 290 |
DAVE revenue by segment
Transaction Based Revenue shrank from 9% to 6% of revenue over the last two years.
| Segment | Q3 FY2024 | Q4 FY2024 | Q1 FY2025 | Q2 FY2025 | Q3 FY2025 | Q4 FY2025 | Q1 FY2026 | Q2 FY2026 | YoY growth latest quarter |
|---|---|---|---|---|---|---|---|---|---|
| Service Based Revenue | — | — | 91% | 92% | 92% | 94% | 93% | 94% | +31.6% |
| Transaction Based Revenue | 10% | 10% | 9% | 8% | 8% | 6% | 7% | 6% | +5.7% |
Share of consolidated revenue by quarter. Q4 is the fiscal year less its first three quarters.
See how segments are shifting across companies → Segment Shift
DAVE operating KPIs by quarter
| KPI | Dec 2025 Q4 FY25 | Jun 2026 Q2 FY26 | Change vs prior quarter |
|---|---|---|---|
| Monthly transacting members | 2.9MOur 2.9 million MTMs are still a small fraction of the overall $185 million customer TAM and we believe we're still early in our journey to drive incremental ARPU through underwriting enhancements, new ExtraCash features and price optimization and new credit products.Source: earnings call transcript | 3.08MGrowth was driven by a 17% increase in MTMs to $3.08 million and 11% ARPU growth.Source: earnings call transcript | +6.2% |
| New members acquired | 867KIn Q4, we acquired 867,000 new members, up 13% year-over-year at a $20 tax.Source: earnings call transcript | 951KWe added 951,000 new members in the quarter, up 32% year-over-year, our fastest growth in nearly four years, and we delivered it at many times the scale we had back then.Source: earnings call transcript | +9.7% |
| Originations ExtraCash | $2.2BOriginations reached a record $2.2 billion, up 50% year-over-year, driven by 19% MTM growth and a 20% increase in average ExtraCash size of $214.Source: earnings call transcript | $2.3BOriginations reached $2.3 billion, up 27% year-over-year as member engagement and overall demand remains very strong.Source: earnings call transcript | +4.5% |
| Average loan size ExtraCash | $214Originations reached a record $2.2 billion, up 50% year-over-year, driven by 19% MTM growth and a 20% increase in average ExtraCash size of $214.Source: earnings call transcript | $215Additionally, average ExtraCash size reached a new high of 215, meaning members are getting more of the short-term liquidity they need for gas, groceries and rent from Dave while also driving incremental monetization for us.Source: earnings call transcript | +0.5% |
| Total card spend Dave Card | $534MTotal card spend grew 17% year-over-year to $534 million.Source: earnings call transcript | ~$530MDave Card was approximately $530 million, up 7% year-over-year as card volume continues to benefit from its natural synergy with ExtraCash.Source: earnings call transcript | — |
Operating figures the company stated on at least two of the calls shown, checked against each call's transcript. Click a figure to read the sentence. A dash means it was not stated that quarter.
Insider filings
128 filings between Dec 2, 2025 and Sep 2, 2026.
Open market
decisions to buy or sellPurchases
None
No insider bought shares.
Sales
$31.50M
111 sales by 6 insiders
94% filed under a 10b5-1 plan — scheduled in advance, not decided on the day
Compensation
not trading decisions- 11
- Award — granted as compensation
- 1
- Option exercise — converted options into shares
- 4
- Tax withheld — shares kept back by the company to cover tax
Also filed: 1 gift.
Who traded
open market only| Insider | Bought | Sold | Last filing |
|---|---|---|---|
| Khan Imran | — | $19.19M | Dec 18, 2025 |
| Mitchell Andrea | — | $6.39M | Mar 6, 2026 |
| Wilk Jason | — | $3.84M | Jun 2, 2026 |
| Beilman Kyle | — | $1.85M | Jun 2, 2026 |
| Preston Dan | — | $139.6K | Jun 5, 2026 |
| POPE MICHAEL W | — | $88.1K | Feb 2, 2026 |
Latest filings (50)
| Date | Insider | What | Shares | Value |
|---|---|---|---|---|
| Sep 2, 2026 | Wilk Jason Chief Executive Officer | Tax withheld | 7,809 | $2.91M |
| Sep 2, 2026 | Beilman Kyle CFO and COO and Secretary | Tax withheld | 3,748 | $1.40M |
| Jun 5, 2026 | Rozov Yadin Director | Gift | 2,200 | $0 |
| Jun 5, 2026 | Preston Dan Director | Sale 10b5-1 plan | 275 | $71.5K |
| Jun 4, 2026 | Preston Dan Director | Sale 10b5-1 plan | 275 | $68.1K |
| Jun 2, 2026 | Khajehnouri Nima Director | Award | 637 | $0 |
| Jun 2, 2026 | Wilk Jason Chief Executive Officer | Sale | 80 | $22.2K |
| Jun 2, 2026 | Wilk Jason Chief Executive Officer | Sale | 8,290 | $2.28M |
| Jun 2, 2026 | Wilk Jason Chief Executive Officer | Sale | 104 | $28.8K |
| Jun 2, 2026 | Rozov Yadin Director | Award | 637 | $0 |
| Jun 2, 2026 | Carroll Brendan Director | Award | 637 | $0 |
| Jun 2, 2026 | POPE MICHAEL W Director | Award | 637 | $0 |
| Jun 2, 2026 | Preston Dan Director | Award | 637 | $0 |
| Jun 2, 2026 | Beilman Kyle CFO and COO and Secretary | Sale | 49 | $13.6K |
| Jun 2, 2026 | Beilman Kyle CFO and COO and Secretary | Sale | 4,073 | $1.12M |
| Mar 18, 2026 | Beilman Kyle CFO and COO and Secretary | Tax withheld | 3,261 | $672.1K |
| Mar 9, 2026 | Beilman Kyle CFO and COO and Secretary | Award | 30,224 | $0 |
| Mar 9, 2026 | Beilman Kyle CFO and COO and Secretary | Award | 9,498 | $0 |
| Mar 9, 2026 | Wilk Jason Chief Executive Officer | Award | 13,767 | $0 |
| Mar 9, 2026 | Beilman Kyle CFO and COO and Secretary | Award | 8,260 | $0 |
| Mar 9, 2026 | Wilk Jason Chief Executive Officer | Award | 18,335 | $0 |
| Mar 9, 2026 | Wilk Jason Chief Executive Officer | Award | 72,539 | $0 |
| Mar 6, 2026 | Mitchell Andrea Director | Sale 10b5-1 plan | 1,782 | $371.2K |
| Mar 6, 2026 | Mitchell Andrea Director | Sale 10b5-1 plan | 496 | $105.5K |
| Mar 6, 2026 | Mitchell Andrea Director | Sale 10b5-1 plan | 900 | $194.0K |
| Mar 6, 2026 | Mitchell Andrea Director | Sale 10b5-1 plan | 1,007 | $216.1K |
| Mar 6, 2026 | Mitchell Andrea Director | Sale 10b5-1 plan | 2,004 | $428.0K |
| Mar 6, 2026 | Mitchell Andrea Director | Sale 10b5-1 plan | 1,871 | $395.5K |
| Mar 6, 2026 | Mitchell Andrea Director | Sale 10b5-1 plan | 1,645 | $346.0K |
| Mar 6, 2026 | Mitchell Andrea Director | Sale 10b5-1 plan | 2,158 | $451.8K |
| Mar 6, 2026 | Mitchell Andrea Director | Sale 10b5-1 plan | 1,412 | $293.0K |
| Mar 6, 2026 | Mitchell Andrea Director | Sale 10b5-1 plan | 803 | $165.6K |
| Mar 6, 2026 | Mitchell Andrea Director | Sale 10b5-1 plan | 200 | $41.0K |
| Mar 6, 2026 | Mitchell Andrea Director | Sale 10b5-1 plan | 722 | $156.5K |
| Mar 5, 2026 | Mitchell Andrea Director | Sale 10b5-1 plan | 800 | $175.4K |
| Mar 5, 2026 | Mitchell Andrea Director | Sale 10b5-1 plan | 1,883 | $410.6K |
| Mar 5, 2026 | Mitchell Andrea Director | Sale 10b5-1 plan | 600 | $130.3K |
| Mar 5, 2026 | Mitchell Andrea Director | Sale 10b5-1 plan | 700 | $150.9K |
| Mar 5, 2026 | Mitchell Andrea Director | Sale 10b5-1 plan | 4,029 | $865.8K |
| Mar 5, 2026 | Mitchell Andrea Director | Sale 10b5-1 plan | 1,235 | $264.1K |
| Mar 5, 2026 | Mitchell Andrea Director | Sale 10b5-1 plan | 1,685 | $356.3K |
| Mar 5, 2026 | Mitchell Andrea Director | Sale 10b5-1 plan | 300 | $63.8K |
| Mar 5, 2026 | Mitchell Andrea Director | Sale 10b5-1 plan | 1,848 | $388.8K |
| Mar 5, 2026 | Mitchell Andrea Director | Sale 10b5-1 plan | 200 | $44.6K |
| Mar 5, 2026 | Mitchell Andrea Director | Sale 10b5-1 plan | 300 | $66.7K |
| Mar 5, 2026 | Mitchell Andrea Director | Sale 10b5-1 plan | 570 | $126.2K |
| Mar 5, 2026 | Mitchell Andrea Director | Sale 10b5-1 plan | 500 | $110.0K |
| Mar 5, 2026 | Mitchell Andrea Director | Sale 10b5-1 plan | 350 | $73.2K |
| Mar 4, 2026 | Wilk Jason Chief Executive Officer | Tax withheld | 6,678 | $1.41M |
| Feb 2, 2026 | POPE MICHAEL W Director | Sale 10b5-1 plan | 544 | $88.1K |
Source: SEC Form 4 filings. Form 4 reports transactions, not the cap table — absence of filings says nothing about how much an insider owns, and a quiet window is not a signal.
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