DAVE INC Financials
This page shows DAVE INC (davew) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 4 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).
Financial Health Signals
Based on FY2024 annual data. Scores normalized against common benchmarks. How we calculate these scores
DAVE INC's revenue surged 34.0% year-over-year to $347.1M, reflecting rapid business expansion. This strong growth earns a score of 100/100.
DAVE INC carries a low D/E ratio of 0.41, meaning only $0.41 of long-term debt for every $1 of shareholders' equity. This conservative leverage earns a score of 96/100, indicating a strong balance sheet with room for future borrowing.
With a current ratio of 8.05, DAVE INC holds $8.05 in current assets for every $1 of short-term obligations. This comfortable liquidity earns a score of 100/100.
DAVE INC converts 36.0% of revenue into free cash flow ($124.9M). This strong cash generation earns a score of 100/100.
DAVE INC earns a strong 31.6% return on equity (ROE), meaning it generates $32 of profit for every $100 of shareholders' equity. This efficient capital use earns a returns score of 100/100.
DAVE INC passes 6 of 9 financial strength tests. All 4 profitability signals pass (positive income, cash flow, and earnings quality), 1 of 2 leverage/liquidity signals pass, both operating efficiency signals pass.
For every $1 of reported earnings, DAVE INC generates $2.16 in operating cash flow ($125.1M OCF vs $57.9M net income). This indicates profits are well-supported by actual cash generation, not accounting adjustments.
Key Financial Metrics
DAVE INC generated $347.1M in revenue in fiscal year 2024. This represents an increase of 34.0% from the prior year.
DAVE INC generated $124.9M in free cash flow in fiscal year 2024, representing cash available after capex. This represents an increase of 277.7% from the prior year.
DAVE INC reported $57.9M in net income in fiscal year 2024. This represents an increase of 219.3% from the prior year.
DAVE INC earned $4.19 per diluted share (EPS) in fiscal year 2024. This represents an increase of 202.9% from the prior year.
DAVE INC held $49.7M in cash against $75.0M in long-term debt as of fiscal year 2024.
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.
DAVE INC's ROE was 31.6% in fiscal year 2024, measuring profit generated per dollar of shareholder equity.
DAVE INC invested $262K in capex in fiscal year 2024, funding long-term assets and infrastructure. This represents a decrease of 61.9% from the prior year.
davew Income Statement
| Metric | Q3'25 | Q2'25 | Q1'25 | Q3'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $150.7M+14.4% | $131.8M+22.0% | $108.0M+7.1% | $100.8M+9.0% | $92.5M+15.4% | $80.1M+8.8% | $73.6M+0.7% | $73.1M |
| 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-4.6% | $1.8M-6.2% | $2.0M-0.1% | $2.0M-11.4% | $2.2M-20.6% | $2.8M |
| Income Tax | -$33.6M-1463.1% | $2.5M-51.2% | $5.1M+636.0% | $687K+84.2% | $373K+120.9% | -$1.8M-155.6% | $3.2M+3236.5% | $96K |
| Net Income | $92.1M+918.5% | $9.0M-68.6% | $28.8M+71.4% | $16.8M+3506.4% | $466K-92.7% | $6.4M-81.4% | $34.2M+19030.2% | $179K |
| 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 |
davew Balance Sheet
| Metric | Q3'25 | Q2'25 | Q1'25 | Q3'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 |
|---|---|---|---|---|---|---|---|---|
| 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 |
davew Cash Flow Statement
| Metric | Q3'25 | Q2'25 | Q1'25 | Q3'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $83.2M+22.0% | $68.2M+50.8% | $45.2M+8.5% | $41.7M+12.6% | $37.0M+32.0% | $28.0M+52.9% | $18.3M+17.3% | $15.6M |
| Capital Expenditures | $62K-51.2% | $127K+243.2% | $37K-26.0% | $50K-23.1% | $65K-51.9% | $135K+1025.0% | $12K-60.0% | $30K |
| Free Cash Flow | $83.2M+22.1% | $68.1M+50.7% | $45.2M+8.5% | $41.7M+12.7% | $37.0M+32.4% | $27.9M+52.3% | $18.3M+17.5% | $15.6M |
| Investing Cash Flow | -$70.1M-30.3% | -$53.8M-91.7% | -$28.1M-4.6% | -$26.8M+47.0% | -$50.6M-46.7% | -$34.5M-152.2% | $66.1M+480.6% | -$17.4M |
| Financing Cash Flow | -$25.0M-6073.9% | $418K+102.1% | -$19.9M-15574.0% | -$127K-304.8% | $62K+113.7% | -$454K+99.4% | -$70.5M-391633.3% | $18K |
| Dividends Paid | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Share Buybacks | $25.0M | $0-100.0% | $6.9M | N/A | $0 | $0 | $0 | $0 |
davew Financial Ratios
| Metric | Q3'25 | Q2'25 | Q1'25 | Q3'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 |
|---|---|---|---|---|---|---|---|---|
| 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%+10.0pp | 16.7%+16.2pp | 0.5%-7.4pp | 7.9%-38.6pp | 46.5%+46.3pp | 0.2% |
| Return on Equity | 31.6%+27.4pp | 4.2%-10.3pp | 14.4%+5.3pp | 9.2%+8.9pp | 0.3%-4.2pp | 4.5%-22.4pp | 26.9%+26.7pp | 0.2% |
| Return on Assets | 21.3%+18.8pp | 2.5%-6.6pp | 9.1%+3.5pp | 5.6%+5.4pp | 0.2%-2.4pp | 2.6%-12.0pp | 14.5%+14.5pp | 0.1% |
| 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 | 55.2%+3.5pp | 51.7%+9.8pp | 41.9%+0.6pp | 41.3%+1.4pp | 40.0%+5.1pp | 34.8%+9.9pp | 24.9%+3.6pp | 21.3% |
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Frequently Asked Questions
What is DAVE INC's annual revenue?
DAVE INC (davew) reported $347.1M in total revenue for fiscal year 2024. This represents a 34.0% 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 (davew) revenue grew by 34% year-over-year, from $259.1M to $347.1M in fiscal year 2024.
Is DAVE INC profitable?
Yes, DAVE INC (davew) 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 (davew) reported diluted earnings per share of $4.19 for fiscal year 2024. This represents a 202.9% change compared to the previous fiscal year. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.
How much debt does DAVE INC have?
As of fiscal year 2024, DAVE INC (davew) had $49.7M in cash and equivalents against $75.0M in long-term debt.
What is DAVE INC's net profit margin?
DAVE INC (davew) 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 (davew) 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 (davew) generated $124.9M in free cash flow during fiscal year 2024. This represents a 277.7% 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 (davew) 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 (davew) 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 (davew) invested $262K in capital expenditures during fiscal year 2024, funding long-term assets and infrastructure.
What is DAVE INC's current ratio?
DAVE INC (davew) 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 (davew) 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 (davew) had a return on assets of 19.3% for fiscal year 2024, measuring how efficiently the company uses its assets to generate profit.
What is DAVE INC's Piotroski F-Score?
DAVE INC (davew) has a Piotroski F-Score of 6 out of 9, indicating neutral financial health. 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 7–9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.
Are DAVE INC's earnings high quality?
DAVE INC (davew) has an earnings quality ratio of 2.16x, 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 (davew) scores 99 out of 100 on our Financial Profile, indicating strong overall financial health. This composite score evaluates six dimensions: profitability (operating margin), revenue growth, leverage (debt-to-equity), liquidity (current ratio), cash flow quality (free cash flow margin), and shareholder returns (return on equity). Each dimension is normalized against standard financial benchmarks. Learn more in our complete guide to financial health indicators.