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Dave Earnings Calls
| Release date | May 05, 2026 |
| EPS estimate | $2.64 |
| EPS actual | $4.02 |
| EPS Surprise | 52.27% |
| Revenue estimate | 152.005M |
| Revenue actual | 158.4M |
| Revenue Surprise | 4.21% |
| Release date | Mar 02, 2026 |
| EPS estimate | $3.31 |
| EPS actual | $3.69 |
| EPS Surprise | 11.48% |
| Revenue estimate | 160.563M |
| Revenue actual | 163.7M |
| Revenue Surprise | 1.95% |
| Release date | Nov 04, 2025 |
| EPS estimate | $2.29 |
| EPS actual | $4.24 |
| EPS Surprise | 85.15% |
| Revenue estimate | 153.043M |
| Revenue actual | 150.725M |
| Revenue Surprise | -1.51% |
| Release date | Aug 06, 2025 |
| EPS estimate | $1.90 |
| EPS actual | $3.14 |
| EPS Surprise | 65.26% |
| Revenue estimate | 132.6M |
| Revenue actual | 131.757M |
| Revenue Surprise | -0.636% |
Last 4 Quarters for Dave
Below you can see how DAVE performed 4 days prior and 4 days after releasing the earnings report. Also, you can see the pre-estimates and the actual earnings. This information can give you a slight idea of what you might expect for the next quarter's release.
| Release date | Aug 06, 2025 |
| Price on release | $196.11 |
| EPS estimate | $1.90 |
| EPS actual | $3.14 |
| EPS surprise | 65.26% |
| Date | Price |
|---|---|
| Jul 31, 2025 | $235.80 |
| Aug 01, 2025 | $232.73 |
| Aug 04, 2025 | $245.51 |
| Aug 05, 2025 | $238.83 |
| Aug 06, 2025 | $196.11 |
| Aug 07, 2025 | $191.39 |
| Aug 08, 2025 | $183.02 |
| Aug 11, 2025 | $186.72 |
| Aug 12, 2025 | $184.64 |
| 4 days before | -16.83% |
| 4 days after | -5.85% |
| On release day | -2.41% |
| Change in period | -21.70% |
| Release date | Nov 04, 2025 |
| Price on release | $234.58 |
| EPS estimate | $2.29 |
| EPS actual | $4.24 |
| EPS surprise | 85.15% |
| Date | Price |
|---|---|
| Oct 29, 2025 | $243.87 |
| Oct 30, 2025 | $224.18 |
| Oct 31, 2025 | $239.32 |
| Nov 03, 2025 | $240.11 |
| Nov 04, 2025 | $234.58 |
| Nov 05, 2025 | $243.47 |
| Nov 06, 2025 | $223.63 |
| Nov 07, 2025 | $235.45 |
| Nov 10, 2025 | $246.98 |
| 4 days before | -3.81% |
| 4 days after | 5.29% |
| On release day | 3.79% |
| Change in period | 1.28% |
| Release date | Mar 02, 2026 |
| Price on release | $199.01 |
| EPS estimate | $3.31 |
| EPS actual | $3.69 |
| EPS surprise | 11.48% |
| Date | Price |
|---|---|
| Feb 24, 2026 | $169.31 |
| Feb 25, 2026 | $172.41 |
| Feb 26, 2026 | $192.33 |
| Feb 27, 2026 | $193.27 |
| Mar 02, 2026 | $199.01 |
| Mar 03, 2026 | $208.76 |
| Mar 04, 2026 | $210.67 |
| Mar 05, 2026 | $218.21 |
| Mar 06, 2026 | $217.33 |
| 4 days before | 17.54% |
| 4 days after | 9.21% |
| On release day | 4.90% |
| Change in period | 28.36% |
| Release date | May 05, 2026 |
| Price on release | $263.81 |
| EPS estimate | $2.64 |
| EPS actual | $4.02 |
| EPS surprise | 52.27% |
| Date | Price |
|---|---|
| Apr 29, 2026 | $257.27 |
| Apr 30, 2026 | $271.99 |
| May 01, 2026 | $272.65 |
| May 04, 2026 | $279.17 |
| May 05, 2026 | $263.81 |
| May 06, 2026 | $246.37 |
| May 07, 2026 | $249.27 |
| May 08, 2026 | $256.33 |
| May 11, 2026 | $249.42 |
| 4 days before | 2.54% |
| 4 days after | -5.45% |
| On release day | -6.61% |
| Change in period | -3.05% |
Dave Earnings Call Transcript Summary of Q1 2026
Key points for investors:
- Strong Q1 performance: revenue $158.4M (+47% YoY) and adjusted EBITDA $69.3M (+57%) at a 44% margin. Adjusted diluted EPS $3.64 (+64%). GAAP net income $57.9M (+101%).
- Company raised full-year 2026 guidance: revenue $710M–$720M (≈28%–30% growth), adjusted EBITDA $305M–$315M, adjusted diluted EPS $16.25–$16.75 (assumes 23% tax rate).
- Credit performance materially improved: 28-day past due (28 DPD) fell to a record 1.69%, driven by Cash AI v5.5 optimizations; management expects further improvement with Cash AI v6.0 testing soon.
- Member and engagement trends: monthly transacting members (MPMs) 2.99M, +18% YoY; added 695k new members in Q1 (+22% YoY). ARPU up 24% YoY. CAC $18 (flat YoY, improved sequentially); gross profit payback ~3 months.
- Product roadmap & test strategy: launched limited trials of new Pay-in-4 product branded “Dave Flex” (no interest/late fees, uses Cash AI underwriting). Management does not expect meaningful revenue contribution from Dave Flex in 2026; focus is on testing and optimizing for 2027 scale.
- ExtraCash performance: originations $2.1B (+37% YoY), MTMs +18%, avg origination size modestly affected by Q1 tax refund season but rebounded in April. Expect origination size gains from Cash AI v5.5 optimizations and upcoming v6.
- Margin and provisioning dynamics: non-GAAP gross margin 72% (Q1 low point); management expects expansion into mid-70s for remainder of year. Q1 reserve/provision was impacted by calendar timing (~$5M swing) but underlying credit trends improved.
- Funding & capital allocation: coastal off-balance-sheet funding transition expected to begin this summer, unlocking >$200M incremental liquidity and lowering cost of capital (fees will hit non-GAAP gross profit but be added back to adjusted EBITDA). Q1 deployed ~$195M to share repurchases and RSU settlements; completed $200M zero-coupon convertible notes; remaining repurchase capacity ≈ $113.3M. Management prioritizes organic growth, operationalizing coastal funding, then buybacks when returns attractive.
- Legal/regulatory: DOJ matter—no material update; company will continue to vigorously defend its position.
- Outlook: management reiterates confidence in their growth algorithm (mid-teens member growth, low-double-digit ARPU growth) and emphasizes disciplined, return-driven marketing and product testing ahead of scale.
