Dave Warrants (DAVEW) Financials
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 DAVEW SEC filings page.
Dave Inc. Warrants (DAVEW) 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).
Rapid growth became cash-generative while long-term debt disappeared, leaving Dave's FY2025 expansion financed mainly through internally generated cash and equity.
The key shift is cash conversion quality: FY2025 net income of$196M converted into operating cash flow of$290M ; FCF tracked operating cash closely. That contrasts with FY2024, when operating cash flow was$125M against net income of$58M , showing the cash result strengthened across consecutive profitable years.
The funding structure also reset: long-term debt fell from
FY2025 capex was just
Financial Health Signals
Scored against operating companies for FY2025. Each of the six dimensions is a percentile rank within that peer group, and the overall is the average of the dimensions that can be computed. 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. Warrants'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.
Dave Inc. Warrants'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. Warrants 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 89/100, indicating a strong balance sheet with room for future borrowing.
With a current ratio of 3.83, Dave Inc. Warrants holds $3.83 in current assets for every $1 of short-term obligations. This comfortable liquidity earns a score of 86/100.
Dave Inc. Warrants converts 52.3% of revenue into free cash flow ($289.7M). This strong cash generation earns a score of 97/100.
Dave Inc. Warrants earns a strong 55.5% return on equity (ROE), meaning it generates $56 of profit for every $100 of shareholders' equity. This efficient capital use earns a returns score of 66/100. This is up from 31.6% the prior year.
Dave Inc. Warrants 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, the one computable operating efficiency signal (asset turnover improving) does not pass.
For every $1 of reported earnings, Dave Inc. Warrants generates $1.48 in operating cash flow ($290.0M OCF vs $195.9M net income). This indicates profits are well-supported by actual cash generation, not accounting adjustments.
Key Financial Metrics
Earnings & Revenue
Dave Inc. Warrants 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. Warrants 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. Warrants 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. Warrants 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. Warrants held $209.6M in cash against $193.1M in long-term debt as of Q2 2026.
Not reported for Q2 2026.
Margins & Returns
Dave Inc. Warrants'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. Warrants's quarterly ROE was 3.2% in Q2 2026: one quarter's net income over shareholder equity, not annualized. 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. Warrants spent $19.1M on share buybacks in Q2 2026, returning capital to shareholders by reducing shares outstanding. The change from the same quarter a year earlier is not meaningful, because that figure was zero or negative. Against the prior quarter it is down 89.8%.
Dave Inc. Warrants 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.
DAVEW 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-K | 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% | $2.5Mn/m | $5.1M+57.9% | $687K+615.6% | $373K+4044.4% |
| Net Income | $6.7M-26.0% | $57.9M+101.1% | $65.9M+292.4% | $92.1M+19657.9% | $9.0M+42.2% | $28.8M-15.9% | $16.8M+9288.8% | $466Kn/m |
| 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 | $0.04n/m |
| 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 | $0.03n/m |
| 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.
DAVEW 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-K | 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 | $193.1M+157.5% | $192.8M+157.0% | N/A | $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 | $108.0Mn/m | $101.4Mn/m | $43.4Mn/m | -$22.5Mn/m | -$114.6Mn/m | -$123.6Mn/m | -$152.4Mn/m | -$169.3Mn/m |
Not reported in any period shown, so not listed: Inventory, Accounts Receivable, Goodwill.
DAVEW 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-K | 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 | $27.4Mn/m | -$10.1Mn/m | -$50.8Mn/m | -$70.1Mn/m | -$53.8Mn/m | -$28.1M-142.4% | -$26.8Mn/m | -$50.6Mn/m |
| Financing Cash Flow | -$19.5M-4767.9% | -$19.1Mn/m | -$11.8Mn/m | -$25.0M-40375.8% | $418Kn/m | -$19.9Mn/m | -$127K-805.6% | $62K+313.3% |
| Share Buybacks | $19.1Mn/m | $186.7M+2609.7% | $11.8Mn/m | $25.0Mn/m | $0n/m | $6.9Mn/m | $0n/m | $0n/m |
Not reported in any period shown, so not listed: Dividends Paid.
DAVEW 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-K | 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 | 40.3%+23.6pp | 61.1%+60.6pp | 6.9%-1.1pp | 26.7%-19.8pp | 16.7%+16.4pp | 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 | 9.2%+9.0pp | 0.3%+15.5pp |
| Return on Assets | 1.2%-1.3pp | 10.9%+1.8pp | 13.5%+7.9pp | 21.3%+21.1pp | 2.5%-0.1pp | 9.1%-5.4pp | 5.6%+5.5pp | 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 | 0.93+0.6x | 0.95+0.6x | N/A | 0.26-0.2x | 0.35-0.2x | 0.38-0.2x | 0.41-0.5x | 0.48-0.5x |
| Liabilities-to-Equity | 1.75+1.1x | 1.60+1.0x | 0.38-0.3x | 0.49-0.3x | 0.67-0.1x | 0.58-0.3x | 0.63-1.7x | 0.75-2.0x |
| 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. Warrants DAVEW | FY2025 | $554.2M | $195.9M | 35.3% | N/A | 82/100 |
| Alpha Modus Holdings, Inc. Warrant AMODW | FY2025 | $7K | N/A | N/A | N/A | — |
| TRILLER GROUP INC WTS ILLRW | FY2025 | $21.6M | -$174.5M | N/A | N/A | 26/100 |
Where Dave Inc. Warrants Ranks
Frequently Asked Questions
What is Dave Inc. Warrants's annual revenue?
Dave Inc. Warrants (DAVEW) 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. Warrants's revenue growing?
Dave Inc. Warrants (DAVEW) revenue grew by 59.7% year-over-year, from $347.1M to $554.2M in fiscal year 2025.
Is Dave Inc. Warrants profitable?
Yes, Dave Inc. Warrants (DAVEW) reported a net income of $222.6M over the trailing 12 months to June 30, 2026. In fiscal year 2025 it reported a net income of $195.9M, with a net profit margin of 35.3%.
How much debt does Dave Inc. Warrants have?
As of fiscal year 2025, Dave Inc. Warrants (DAVEW) had $80.5M in cash and equivalents against $0 in long-term debt.
What is Dave Inc. Warrants's net profit margin?
Dave Inc. Warrants (DAVEW) had a net profit margin of 35.3% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.
What is Dave Inc. Warrants's return on equity (ROE)?
Dave Inc. Warrants (DAVEW) has a return on equity of 55.5% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.
What is Dave Inc. Warrants's free cash flow?
Dave Inc. Warrants (DAVEW) 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. Warrants's operating cash flow?
Dave Inc. Warrants (DAVEW) generated $290.0M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.
What are Dave Inc. Warrants's total assets?
Dave Inc. Warrants (DAVEW) had $487.4M in total assets as of fiscal year 2025, including both current and long-term assets.
What are Dave Inc. Warrants's capital expenditures?
Dave Inc. Warrants (DAVEW) invested $317K in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.
What is Dave Inc. Warrants's current ratio?
Dave Inc. Warrants (DAVEW) had a current ratio of 3.83 as of fiscal year 2025, which is generally considered healthy.
What is Dave Inc. Warrants's debt-to-equity ratio?
Dave Inc. Warrants (DAVEW) had a debt-to-equity ratio of 0.00 as of fiscal year 2025. We compute it as long-term debt divided by total shareholder equity, where long-term debt is the noncurrent part of the company's borrowings, so debt due within the next twelve months is not counted.
What is Dave Inc. Warrants's liabilities-to-equity ratio?
Dave Inc. Warrants (DAVEW) had a liabilities-to-equity ratio of 0.38 as of fiscal year 2025, which is total liabilities divided by total shareholder equity. Total liabilities counts every obligation on the balance sheet (payables, deposits, insurance reserves and deferred taxes as well as borrowings), so this ratio usually runs well above debt-to-equity.
What is Dave Inc. Warrants's return on assets (ROA)?
Dave Inc. Warrants (DAVEW) 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. Warrants's Piotroski F-Score?
Dave Inc. Warrants (DAVEW) 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. Warrants's earnings high quality?
Dave Inc. Warrants (DAVEW) 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. Warrants?
Dave Inc. Warrants (DAVEW) scores 82 out of 100 on our Financial Health Score, indicating strong standing within its operating companies peer group. The score is the average 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.