DAVE INC Financials

DAVE

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Key Financial Metrics

Revenue

$347.1M

YoY+34.0%

DAVE INC generated $347.1M in revenue in fiscal year 2024. This represents an increase of 34.0% from the prior year.

EBITDA

N/A

Free Cash Flow

$124.9M

YoY+277.7%

DAVE INC generated $124.9M in free cash flow in fiscal year 2024, representing cash available after capital expenditures. This represents an increase of 277.7% from the prior year.

Net Income

$57.9M

YoY+219.3%

DAVE INC reported $57.9M in net income in fiscal year 2024. This represents an increase of 219.3% from the prior year.

EPS (Diluted)

$4.19

YoY+202.9%

DAVE INC earned $4.19 per diluted share in fiscal year 2024. This represents an increase of 202.9% from the prior year.

Cash & Debt

$49.7M

YoY+19.1%

DAVE INC held $49.7M in cash against $75.0M in long-term debt as of fiscal year 2024.

Dividends Per Share

N/A

Shares Outstanding

N/A

Gross Margin

N/A

Operating Margin

N/A

Net Margin

16.7%

YoY+35.4pp

DAVE INC's net profit margin was 16.7% in fiscal year 2024, showing the share of revenue converted to profit. This is up 35.4 percentage points from the prior year.

Return on Equity

31.6%

DAVE INC's return on equity was 31.6% in fiscal year 2024, measuring profit generated per dollar of shareholder equity.

R&D Spending

N/A

Share Buybacks

N/A

Capital Expenditures

$262K

YoY-61.9%

DAVE INC invested $262K in capital expenditures in fiscal year 2024, funding long-term assets and infrastructure. This represents a decrease of 61.9% from the prior year.

DAVE Income Statement

Metric	FY24	FY24	FY23	FY22
Revenue	$347.1M+34.0%	$259.1M+26.5%	$204.8M+33.9%	$153.0M
Cost of Revenue	N/A	N/A	N/A	N/A
Gross Profit	N/A	N/A	N/A	N/A
R&D Expenses	N/A	N/A	N/A	N/A
SG&A Expenses	N/A	N/A	N/A	N/A
Operating Income	N/A	N/A	N/A	-$6.4M
Interest Expense	$8.0M-32.1%	$11.8M+28.0%	$9.2M+261.4%	$2.5M
Income Tax	$2.5M+1967.5%	$120K+279.1%	-$67K-169.1%	$97K
Net Income	$57.9M+219.3%	-$48.5M+62.4%	-$128.9M-544.8%	-$20.0M
EPS (Diluted)	$4.19+202.9%	$-4.07+63.4%	$-11.12-137.1%	$-4.69

Metric	Q3'25	Q2'25	Q1'25	Q3'25	Q3'25	Q2'25	Q1'25	Q4'24
Revenue	$150.7M+14.4%	$131.8M+22.0%	$108.0M	N/A	$92.5M+15.4%	$80.1M+8.8%	$73.6M	N/A
Cost of Revenue	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Gross Profit	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
R&D Expenses	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
SG&A Expenses	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Operating Income	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Interest Expense	$1.8M+0.7%	$1.8M+1.1%	$1.8M	N/A	$2.0M-0.1%	$2.0M-11.4%	$2.2M	N/A
Income Tax	-$33.6M-1463.1%	$2.5M-51.2%	$5.1M	N/A	$373K+120.9%	-$1.8M-155.6%	$3.2M	N/A
Net Income	$92.1M+918.5%	$9.0M-68.6%	$28.8M	N/A	$466K-92.7%	$6.4M-81.4%	$34.2M	N/A
EPS (Diluted)	$6.34+922.6%	$0.62-68.5%	$1.97	N/A	$0.03-93.6%	$0.47-81.9%	$2.60	N/A

DAVE Balance Sheet

Metric	FY24	FY24	FY23	FY22
Total Assets	$299.3M+1.8%	$294.0M-8.5%	$321.5M+118.4%	$147.2M
Current Assets	$282.3M+1.9%	$276.9M-10.3%	$308.6M+207.9%	$100.2M
Cash & Equivalents	$49.7M+19.1%	$41.8M+82.4%	$22.9M-28.5%	$32.0M
Inventory	N/A	N/A	N/A	N/A
Accounts Receivable	N/A	N/A	N/A	N/A
Goodwill	N/A	N/A	N/A	N/A
Total Liabilities	$116.2M-43.8%	$207.0M-3.7%	$214.9M+98.2%	$108.4M
Current Liabilities	$35.1M+36.9%	$25.6M-29.7%	$36.4M-46.9%	$68.6M
Long-Term Debt	$75.0M0.0%	$75.0M0.0%	$75.0M+114.3%	$35.0M
Total Equity	$183.1M+110.3%	$87.1M-18.3%	$106.6M+175.1%	$38.7M
Retained Earnings	-$152.4M+27.5%	-$210.3M-30.0%	-$161.8M-391.8%	-$32.9M

Metric	Q3'25	Q2'25	Q1'25	Q3'25	Q3'25	Q2'25	Q1'25	Q4'24
Total Assets	$433.3M+19.2%	$363.6M+15.2%	$315.7M+5.5%	$299.3M+9.9%	$272.2M+10.1%	$247.2M+4.9%	$235.6M-19.9%	$294.0M
Current Assets	$386.0M+11.4%	$346.4M+15.9%	$298.8M+5.8%	$282.3M+10.8%	$254.7M+11.0%	$229.5M+5.1%	$218.3M-21.1%	$276.9M
Cash & Equivalents	$49.9M-19.1%	$61.7M+31.2%	$47.0M-5.5%	$49.7M+41.8%	$35.1M-27.9%	$48.6M-12.5%	$55.5M+33.0%	$41.8M
Inventory	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Accounts Receivable	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Goodwill	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Total Liabilities	$141.9M-3.1%	$146.5M+26.1%	$116.2M0.0%	$116.2M-0.2%	$116.4M+10.5%	$105.4M-2.7%	$108.3M-47.7%	$207.0M
Current Liabilities	$44.4M+21.9%	$36.4M+4.7%	$34.8M-0.8%	$35.1M-6.3%	$37.4M+41.4%	$26.5M-9.5%	$29.2M+14.2%	$25.6M
Long-Term Debt	$75.0M0.0%	$75.0M0.0%	$75.0M0.0%	$75.0M0.0%	$75.0M0.0%	$75.0M0.0%	$75.0M0.0%	$75.0M
Total Equity	$291.3M+34.2%	$217.1M+8.8%	$199.5M+8.9%	$183.1M+17.5%	$155.8M+9.9%	$141.8M+11.3%	$127.3M+46.2%	$87.1M
Retained Earnings	-$22.5M+80.3%	-$114.6M+7.3%	-$123.6M+18.9%	-$152.4M+9.9%	-$169.3M+0.3%	-$169.7M+3.6%	-$176.1M+16.3%	-$210.3M

DAVE Cash Flow Statement

Metric	FY24	FY24	FY23	FY22
Operating Cash Flow	$125.1M+270.7%	$33.8M+175.2%	-$44.9M-8196.3%	-$541K
Capital Expenditures	$262K-61.9%	$688K-5.5%	$728K+96.2%	$371K
Free Cash Flow	$124.9M+277.7%	$33.1M+172.5%	-$45.6M-4901.2%	-$912K
Investing Cash Flow	-$45.8M-218.9%	-$14.4M+95.0%	-$285.6M-667.6%	-$37.2M
Financing Cash Flow	-$71.0M-322804.5%	$22K-100.0%	$321.8M+394.7%	$65.0M
Dividends Paid	N/A	N/A	N/A	N/A
Share Buybacks	N/A	$0-100.0%	$536K	$0

Metric	Q3'25	Q2'25	Q1'25	Q3'25	Q3'25	Q2'25	Q1'25	Q4'24
Operating Cash Flow	N/A	N/A	$45.2M	N/A	N/A	N/A	$18.3M	N/A
Capital Expenditures	N/A	N/A	$37K	N/A	N/A	N/A	$12K	N/A
Free Cash Flow	N/A	N/A	$45.2M	N/A	N/A	N/A	$18.3M	N/A
Investing Cash Flow	N/A	N/A	-$28.1M	N/A	N/A	N/A	$66.1M	N/A
Financing Cash Flow	N/A	N/A	-$19.9M	N/A	N/A	N/A	-$70.5M	N/A
Dividends Paid	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Share Buybacks	N/A	N/A	$6.9M	N/A	N/A	N/A	$0	N/A

DAVE Financial Ratios

Metric	FY24	FY24	FY23	FY22
Gross Margin	N/A	N/A	N/A	N/A
Operating Margin	N/A	N/A	N/A	-4.2%
Net Margin	16.7%+35.4pp	-18.7%+44.2pp	-62.9%-49.9pp	-13.1%
Return on Equity	31.6%	N/A	N/A	N/A
Return on Assets	19.3%+35.8pp	-16.5%+23.6pp	-40.1%-26.5pp	-13.6%
Current Ratio	8.05-2.8	10.81+2.3	8.47+7.0	1.46
Debt-to-Equity	0.41-0.5	0.86+0.2	0.70-0.2	0.90
FCF Margin	36.0%+23.2pp	12.8%+35.0pp	-22.3%-21.7pp	-0.6%

Metric	Q3'25	Q2'25	Q1'25	Q3'25	Q3'25	Q2'25	Q1'25	Q4'24
Gross Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Operating Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Net Margin	61.1%+54.2pp	6.9%-19.8pp	26.7%	N/A	0.5%-7.4pp	7.9%-38.6pp	46.5%	N/A
Return on Equity	31.6%+27.4pp	4.2%-10.3pp	14.4%	N/A	0.3%-4.2pp	4.5%-22.4pp	26.9%	N/A
Return on Assets	21.3%+18.8pp	2.5%-6.6pp	9.1%	N/A	0.2%-2.4pp	2.6%-12.0pp	14.5%	N/A
Current Ratio	8.69-0.8	9.51+0.9	8.59+0.5	8.05+1.2	6.81-1.9	8.67+1.2	7.47-3.3	10.81
Debt-to-Equity	0.26-0.1	0.35-0.0	0.38-0.0	0.41-0.1	0.48-0.0	0.53-0.1	0.59-0.3	0.86
FCF Margin	N/A	N/A	41.9%	N/A	N/A	N/A	24.9%	N/A

Frequently Asked Questions

What is DAVE INC's annual revenue?

DAVE INC (DAVE) reported $347.1M in revenue for fiscal year 2024.

How fast is DAVE INC's revenue growing?

DAVE INC (DAVE) revenue grew by 34% year-over-year, from $259.1M to $347.1M in fiscal year 2024.

Is DAVE INC profitable?

Yes, DAVE INC (DAVE) reported a net income of $57.9M in fiscal year 2024, with a net profit margin of 16.7%.

What is DAVE INC's earnings per share (EPS)?

DAVE INC (DAVE) reported diluted earnings per share of $4.19 for fiscal year 2024.

How much debt does DAVE INC have?

As of fiscal year 2024, DAVE INC (DAVE) had $49.7M in cash and equivalents against $75.0M in long-term debt.

What is DAVE INC's net profit margin?

DAVE INC (DAVE) had a net profit margin of 16.7% in fiscal year 2024, representing the share of revenue converted into profit after all expenses.

What is DAVE INC's return on equity (ROE)?

DAVE INC (DAVE) has a return on equity of 31.6% for fiscal year 2024, measuring how efficiently the company generates profit from shareholder equity.

What is DAVE INC's free cash flow?

DAVE INC (DAVE) generated $124.9M in free cash flow during fiscal year 2024, representing cash available after capital expenditures.

What is DAVE INC's operating cash flow?

DAVE INC (DAVE) generated $125.1M in operating cash flow during fiscal year 2024, representing cash generated from core business activities.

What are DAVE INC's total assets?

DAVE INC (DAVE) had $299.3M in total assets as of fiscal year 2024, including both current and long-term assets.

What are DAVE INC's capital expenditures?

DAVE INC (DAVE) invested $262K in capital expenditures during fiscal year 2024, funding long-term assets and infrastructure.

What is DAVE INC's current ratio?

DAVE INC (DAVE) had a current ratio of 8.05 as of fiscal year 2024, which is generally considered healthy.

What is DAVE INC's debt-to-equity ratio?

DAVE INC (DAVE) had a debt-to-equity ratio of 0.41 as of fiscal year 2024, measuring the company's financial leverage by comparing total debt to shareholder equity.

What is DAVE INC's return on assets (ROA)?

DAVE INC (DAVE) had a return on assets of 19.3% for fiscal year 2024, measuring how efficiently the company uses its assets to generate profit.