Dave Inc. (DAVE) Financials
A multiple compares the market's price with a filed figure; it says what the market pays, not how the business is doing. The market capitalization is the vendor's as of Oct 5, 2026; every other figure is from the SEC filings on this page. Not financial advice.
Newest figures come from the 10-Q for Q2 FY2026, filed Aug 5, 2026. Each column of the statement tables below links to the filing it was taken from, and every filing is listed on the DAVE SEC filings page.
Dave Inc. (DAVE) reported $643.7M in revenue over the twelve months to Jun 30, 2026, up 48.6% from the prior twelve months. This page shows its income statement, balance sheet, cash flow statement, and key financial ratios. View 5 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).
Dave's FY2025 numbers show a rapidly scaling, cash-generative business that reduced leverage while deploying substantial cash beyond physical capital spending.
From FY2024 to FY2025, net margin rose from16.7% to35.4% , while cash-flow margin also strengthened, showing that the earnings improvement was accompanied by better cash conversion rather than existing only on the income statement.
Debt-to-equity fell to 0.0x in FY2025 from 0.4x, showing the latest expansion was not funded by long-term debt. Equity rose from
Free cash flow was essentially equal to operating cash flow in FY2025, while capital expenditures were only
Financial Health Signals
Scored against operating companies for FY2025. Each of the six dimensions is a percentile rank within that peer group; the overall is their average, with missing dimensions counted as zero out of six. A high score means strong standing among peers, not absolute cross-industry strength. How this score is calculated →
Health score ≠ stock price. This rates the quality of Dave Inc.'s business: profitability, growth, balance sheet strength. It doesn't tell you whether the stock is a good buy at today's price. Not financial advice. Use it alongside valuation analysis and your own research.
Not available for Dave Inc., and counted as zero in the overall score.
Dave Inc.'s revenue surged 59.7% year-over-year to $554.2M, reflecting rapid business expansion. This strong growth earns a score of 94/100.
Dave Inc. carries a low D/E ratio of 0.00, meaning only $0.00 of long-term debt for every $1 of shareholders' equity. This conservative leverage earns a score of 90/100, indicating a strong balance sheet with room for future borrowing.
With a current ratio of 3.83, Dave Inc. holds $3.83 in current assets for every $1 of short-term obligations. This comfortable liquidity earns a score of 86/100.
Dave Inc. converts 52.3% of revenue into free cash flow ($289.7M). This strong cash generation earns a score of 97/100.
Not available for Dave Inc., and counted as zero in the overall score.
Dave Inc. passes 5 of 7 computable financial strength tests (2 of the nine could not be computed from available data). All 4 profitability signals pass (positive income, cash flow, and earnings quality), 1 of 2 leverage/liquidity signals pass, neither operating efficiency signal passes.
For every $1 of reported earnings, Dave Inc. generates $1.48 in operating cash flow ($290.0M OCF vs $196.0M net income). This indicates profits are well-supported by actual cash generation, not accounting adjustments.
Key Financial Metrics
Earnings & Revenue
Dave Inc. generated $170.8M in revenue in Q2 2026. This represents an increase of 29.6% from the same quarter a year earlier. Against the prior quarter it is up 7.8%.
Dave Inc. reported $6.7M in net income in Q2 2026. This represents a decrease of 26.0% from the same quarter a year earlier. Against the prior quarter it is down 88.5%.
Dave Inc. earned $0.49 per diluted share (EPS) in Q2 2026. This represents a decrease of 21.0% from the same quarter a year earlier. Against the prior quarter it is down 87.8%.
Not reported for Q2 2026.
Cash & Balance Sheet
Dave Inc. generated $68.1M in free cash flow in Q2 2026, representing cash available after capex. This represents an increase of 0.1% from the same quarter a year earlier. Against the prior quarter it is down 16.9%.
Dave Inc. held $209.6M in cash as of Q2 2026; long-term debt is not reported for that period.
Not reported for Q2 2026.
Margins & Returns
Dave Inc.'s net profit margin was 3.9% in Q2 2026, showing the share of revenue converted to profit. This is down 2.9 percentage points from the same quarter a year earlier. Against the prior quarter it is down 32.6 percentage points.
Dave Inc.'s ROE was 3.2% in Q2 2026, measuring profit generated per dollar of shareholder equity. This is down 0.9 percentage points from the same quarter a year earlier. Against the prior quarter it is down 25.2 percentage points.
Not reported for Q2 2026.
Not reported for Q2 2026.
Capital Allocation
Dave Inc. spent $19.1M on share buybacks in Q2 2026, returning capital to shareholders by reducing shares outstanding. Against the prior quarter it is down 89.8%.
Dave Inc. invested $232K in capex in Q2 2026, funding long-term assets and infrastructure. This represents an increase of 82.7% from the same quarter a year earlier. Against the prior quarter it is up 1121.1%.
Not reported for Q2 2026.
DAVE Income Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q2'2610-Q | Q1'2610-Q | Q4'2510-Q | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K | Q3'2410-Q |
|---|---|---|---|---|---|---|---|---|
| Revenue | $170.8M+29.6% | $158.4M+46.7% | $163.7M+62.4% | $150.7M+63.0% | $131.8M+64.5% | $108.0M+46.7% | $100.8M+37.9% | $92.5M+40.5% |
| Interest Expense | $2.0M+13.7% | $1.7M-1.6% | $1.7M-6.7% | $1.8M-8.9% | $1.8M-9.6% | $1.8M-20.7% | $1.8M-34.0% | $2.0M-35.8% |
| Income Tax | $8.0M+223.5% | $12.2M+141.8% | -$1.7M-350.4% | -$33.6M-9119.3% | $2.5M+238.5% | $5.1M+57.9% | $687K+615.6% | $373K+4044.4% |
| Net Income | $6.7M-26.0% | $57.9M+101.1% | $66.1M+290.2% | $92.1M+19657.9% | $9.0M+42.2% | $28.8M-15.9% | $16.9M+5670.1% | $466K+103.9% |
| EPS (Basic) | $0.53-22.1% | $4.31+96.8% | $4.89+270.5% | $6.84+17000.0% | $0.68+33.3% | $2.19-21.8% | $1.32+4300.0% | $0.04+104.0% |
| EPS (Diluted) | $0.49-21.0% | $4.02+104.1% | $4.57+290.6% | $6.34+21033.3% | $0.62+31.9% | $1.97-24.2% | $1.17+3800.0% | $0.03+103.0% |
| Diluted Shares (Avg) | 14M-6.0% | 14M-1.7% | N/A | 15M+4.3% | 15M+7.5% | 15M+11.1% | N/A | 14M+16.5% |
Not reported in any period shown, so not listed: Cost of Revenue, Gross Profit, R&D Expenses, SG&A Expenses, Operating Income, EBITDA.
DAVE Balance Sheet
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q2'2610-Q | Q1'2610-Q | Q4'2510-Q | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K | Q3'2410-Q |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $570.8M+57.0% | $530.5M+68.1% | $487.4M+62.8% | $433.3M+59.1% | $363.6M+47.1% | $315.7M+34.0% | $299.3M+1.8% | $272.2M-7.5% |
| Current Assets | $519.1M+49.9% | $479.6M+60.5% | $436.7M+54.7% | $386.0M+51.6% | $346.4M+50.9% | $298.8M+36.8% | $282.3M+1.9% | $254.7M-8.5% |
| Cash & Equivalents | $209.6M+239.8% | $133.3M+183.7% | $80.5M+62.0% | $49.9M+42.3% | $61.7M+26.9% | $47.0M-15.3% | $49.7M+19.1% | $35.1M-19.6% |
| Short-Term Investments | $43.0M+43313.1% | $42.6M+43373.5% | $0-100.0% | $0-100.0% | $99K+4.2% | $98K-91.0% | $97K-89.8% | $96K-94.1% |
| Long-Term Investments | $0-100.0% | $0-100.0% | $0-100.0% | $37K-81.9% | $80K-67.1% | $122K-56.6% | $163K-48.7% | $204K-42.5% |
| Total Liabilities | $362.9M+147.7% | $326.7M+181.2% | $134.7M+15.9% | $141.9M+21.9% | $146.5M+39.0% | $116.2M+7.3% | $116.2M-43.8% | $116.4M-45.9% |
| Current Liabilities | $122.9M+237.6% | $124.3M+257.6% | $114.0M+225.1% | $44.4M+18.6% | $36.4M+37.6% | $34.8M+18.9% | $35.1M+36.9% | $37.4M+7.3% |
| Non-Current Liabilities | $240.0M+118.0% | $202.4M+148.6% | $20.7M-74.5% | $97.5M+23.5% | $110.1M+39.4% | $81.4M+3.0% | $81.2M-55.2% | $79.0M-56.2% |
| Long-Term Debt | N/A | N/A | $0-100.0% | $75.0M0.0% | $75.0M0.0% | $75.0M0.0% | $75.0M0.0% | $75.0M0.0% |
| Total Equity | $207.9M-4.2% | $203.8M+2.2% | $352.7M+92.6% | $291.3M+87.0% | $217.1M+53.1% | $199.5M+56.7% | $183.1M+110.3% | $155.8M+96.8% |
| Retained Earnings | $108.0M+194.3% | $101.4M+182.0% | $43.4M+128.5% | -$22.5M+86.7% | -$114.6M+32.5% | -$123.6M+29.8% | -$152.4M+27.5% | -$169.3M+19.6% |
Not reported in any period shown, so not listed: Inventory, Accounts Receivable, Goodwill.
DAVE Cash Flow Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q2'2610-Q | Q1'2610-Q | Q4'2510-Q | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K | Q3'2410-Q |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $68.4M+0.2% | $82.0M+81.3% | $93.3M+123.6% | $83.2M+124.8% | $68.2M+143.3% | $45.2M+146.7% | $41.7M+166.8% | $37.0M+141.0% |
| Depreciation & Amortization | $2.1M+26.7% | $1.6M+5.7% | $2.1M-10.6% | $1.9M+2.3% | $1.6M-8.3% | $1.5M-11.4% | $2.3M+39.3% | $1.8M+27.6% |
| Stock-Based Compensation | $16.3M+96.4% | $7.1M-5.3% | N/A | $7.2M-46.3% | $8.3M+7.8% | $7.5M+23.0% | N/A | $13.4M+100.0% |
| Capital Expenditures | $232K+82.7% | $19K-48.6% | $91K+82.0% | $62K-4.6% | $127K-5.9% | $37K+208.3% | $50K+66.7% | $65K+1.6% |
| Free Cash Flow | $68.1M+0.1% | $82.0M+81.4% | $93.2M+123.7% | $83.2M+125.0% | $68.1M+144.0% | $45.2M+146.6% | $41.7M+167.0% | $37.0M+141.5% |
| Investing Cash Flow | $27.4M+151.0% | -$10.1M+63.9% | -$50.8M-89.6% | -$70.1M-38.4% | -$53.8M-55.8% | -$28.1M-142.4% | -$26.8M-54.4% | -$50.6M-144.4% |
| Financing Cash Flow | -$19.5M-4767.9% | -$19.1M+4.1% | -$11.8M-9214.2% | -$25.0M-40375.8% | $418K+192.1% | -$19.9M+71.8% | -$127K-805.6% | $62K+313.3% |
| Share Buybacks | $19.1M | $186.7M+2609.7% | $11.8M | $25.0M | $0 | $6.9M | $0 | $0 |
Not reported in any period shown, so not listed: Dividends Paid.
DAVE Financial Ratios
Margins and returns are percentages; the remaining ratios are unitless multiples. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q2'2610-Q | Q1'2610-Q | Q4'2510-Q | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K | Q3'2410-Q |
|---|---|---|---|---|---|---|---|---|
| Net Margin | 3.9%-2.9pp | 36.6%+9.9pp | 40.4%+23.6pp | 61.1%+60.6pp | 6.9%-1.1pp | 26.7%-19.8pp | 16.8%+17.2pp | 0.5%+18.8pp |
| Return on Equity | 3.2%-0.9pp | 28.4%+14.0pp | 18.7%+9.5pp | 31.6%+31.3pp | 4.2%-0.3pp | 14.4%-12.5pp | 9.3%+9.6pp | 0.3%+15.5pp |
| Return on Assets | 1.2%-1.3pp | 10.9%+1.8pp | 13.6%+7.9pp | 21.3%+21.1pp | 2.5%-0.1pp | 9.1%-5.4pp | 5.7%+5.8pp | 0.2%+4.3pp |
| Current Ratio | 4.22-5.3x | 3.86-4.7x | 3.83-4.2x | 8.69+1.9x | 9.51+0.8x | 8.59+1.1x | 8.05-2.8x | 6.81-1.2x |
| Debt-to-Equity | 1.75+1.4x | 1.60+1.2x | 0.00-0.4x | 0.26-0.2x | 0.35-0.2x | 0.38-0.2x | 0.41-0.5x | 0.48-0.5x |
| Asset Turnover | 0.30-0.1x | 0.300.0x | 0.340.0x | 0.350.0x | 0.360.0x | 0.340.0x | 0.34+0.1x | 0.34+0.1x |
| FCF Margin | 39.9%-11.8pp | 51.8%+9.9pp | 56.9%+15.6pp | 55.2%+15.2pp | 51.7%+16.9pp | 41.9%+17.0pp | 41.3%+20.0pp | 40.0%+16.7pp |
Not reported in any period shown, so not listed: Gross Margin, Operating Margin.
Similar Companies
Newest fiscal year on record for each company. The health score is the peer-relative Financial Health Score for that year; a dash means no score is published for it.
| Company | Fiscal year | Revenue | Net income | Net margin | Market cap | Health score |
|---|---|---|---|---|---|---|
| Dave Inc. DAVE | FY2025 | $554.2M | $196.0M | 35.4% | $4.7B | 61/100 |
| Agilysys, Inc. AGYS | FY2026 | $319.3M | $38.8M | 12.2% | $2.8B | 72/100 |
| Grindr Inc. GRND | FY2025 | $439.9M | $94.8M | 21.5% | $2.3B | 72/100 |
| NCR Atleos Corporation NATL | FY2025 | $4.4B | $162.0M | 3.7% | $3.4B | 44/100 |
| RINGCENTRAL, INC. RNG | FY2025 | $2.5B | $43.4M | 1.7% | $6.5B | 48/100 |
| Intapp, Inc. INTA | FY2026 | $577.8M | -$41.3M | -7.1% | $2.8B | 45/100 |
Where Dave Inc. Ranks
Frequently Asked Questions
What is Dave Inc.'s annual revenue?
Dave Inc. (DAVE) reported $554.2M in total revenue for fiscal year 2025. This represents a 59.7% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.
How fast is Dave Inc.'s revenue growing?
Dave Inc. (DAVE) revenue grew by 59.7% year-over-year, from $347.1M to $554.2M in fiscal year 2025.
Is Dave Inc. profitable?
Yes, Dave Inc. (DAVE) reported a net income of $196.0M in fiscal year 2025, with a net profit margin of 35.4%.
How much debt does Dave Inc. have?
As of fiscal year 2025, Dave Inc. (DAVE) had $80.5M in cash and equivalents against $0 in long-term debt.
What is Dave Inc.'s net profit margin?
Dave Inc. (DAVE) had a net profit margin of 35.4% in fiscal year 2025, 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 55.6% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.
What is Dave Inc.'s free cash flow?
Dave Inc. (DAVE) generated $289.7M in free cash flow during fiscal year 2025. This represents a 132.0% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.
What is Dave Inc.'s operating cash flow?
Dave Inc. (DAVE) generated $290.0M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.
What are Dave Inc.'s total assets?
Dave Inc. (DAVE) had $487.4M in total assets as of fiscal year 2025, including both current and long-term assets.
What are Dave Inc.'s capital expenditures?
Dave Inc. (DAVE) invested $317K in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.
What is Dave Inc.'s current ratio?
Dave Inc. (DAVE) had a current ratio of 3.83 as of fiscal year 2025, which is generally considered healthy.
What is Dave Inc.'s debt-to-equity ratio?
Dave Inc. (DAVE) had a debt-to-equity ratio of 0.00 as of fiscal year 2025, 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 40.2% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.
What is Dave Inc.'s P/E ratio?
Dave Inc. (DAVE) trades at 21.1x earnings, its market capitalization divided by net income of $222.8M net income, trailing 12 months to June 30, 2026. The market capitalization is $4.7B as of Oct 5, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.
What is Dave Inc.'s price-to-sales ratio?
Dave Inc. (DAVE) trades at 7.3x sales, its market capitalization divided by revenue of $643.7M revenue, trailing 12 months to June 30, 2026. The market capitalization is $4.7B as of Oct 5, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.
What is Dave Inc.'s Piotroski F-Score?
Dave Inc. (DAVE) has a Piotroski F-Score of 5 out of 7 computable signals; 2 of the nine could not be computed from available data, so the full-scale strength rating is not shown. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.
Are Dave Inc.'s earnings high quality?
Dave Inc. (DAVE) has an earnings quality ratio of 1.48x, considered cash-backed (high quality). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.
How financially healthy is Dave Inc.?
Dave Inc. (DAVE) scores 61 out of 100 on our Financial Health Score, indicating moderate standing within its operating companies peer group. The score is a 0-100 composite of six dimensions (Profitability, Growth, Leverage, Liquidity, Cash Flow, Returns), each ranked as a percentile relative to companies in the same scoring family (banks against banks, REITs against REITs, and so on) rather than across all industries. It rates the quality of the business, not whether the stock is fairly priced, and is not financial advice. Learn more in our complete guide to financial health indicators.