DAVE INC Stock Price, News & Analysis

Dave (NASDAQ:DAVE), a leading U.S. neobank, has announced the full implementation of CashAI v5.5, its latest AI-driven cash flow underwriting engine. The new version nearly doubles the feature set compared to previous models and has been trained on over 7 million ExtraCash™ originations.

Early results show improved risk ranking capabilities, leading to higher approval amounts, stronger conversion rates, and lower delinquency rates compared to Q2 2025. CashAI leverages insights from 150 million ExtraCash™ originations and billions of bank transactions, creating a significant competitive advantage in consumer credit underwriting.

The company expects the full benefits of v5.5 to be reflected in Q4 2025 and beyond, with only modest impact in Q3 2025. The update aims to expand ExtraCash™ access while improving credit performance and gross profit margins.

Dave Inc. (Nasdaq: DAVE) has expanded its share repurchase authorization to $125 million, replacing the previous $50 million program announced in March 2025. Since its Q2 earnings report on August 6th, the company has already deployed $25 million for stock buybacks.

Year-to-date, Dave has invested over $45 million in share repurchases and RSU net settlements. The company's COO and CFO Kyle Beilman emphasized their confidence in the business model's durability and positive outlook, citing a strong balance sheet and robust free cash flow generation potential.

The repurchase program allows for various execution methods, including open market and private transactions, with timing and amount determined by market conditions and other factors.

Dave Inc. (NASDAQ:DAVE), a leading neobank, reported exceptional Q2 2025 financial results with significant growth across key metrics. Revenue surged 64% year-over-year to $131.7 million, while net income increased 42% to $9.1 million. The company achieved record Adjusted EBITDA of $50.9 million, representing a 39% margin.

Key operational metrics showed strong performance with Monthly Transacting Members up 16% to 2.6 million. ExtraCash originations grew 51% to $1.8 billion, and Dave Debit Card spend increased 27% to $493 million. The company's customer acquisition cost averaged $19 per new member.

Following these strong results, Dave raised its 2025 guidance, projecting revenue of $505-515 million (46-48% growth) and Adjusted EBITDA of $180-190 million (108-120% growth). The company ended Q2 with $104.7 million in cash and equivalents, up from $89.7 million in Q1.

Dave (Nasdaq: DAVE), a leading neobank, has announced its participation in three major investor conferences in August 2025:

• Oppenheimer Technology Conference (Virtual) - Presenting on August 11 at 3:45pm ET
• Canaccord Genuity Growth Conference (Boston) - Fireside chat on August 13 at 9:00am ET
• Needham FinTech Conference (Virtual) - 1x1 meetings on August 14

Investors can access presentations through Dave's investor relations website at investors.dave.com or contact DAVE@elevate-ir.com to schedule meetings.

Dave (NASDAQ:DAVE), a leading neobank, has scheduled its second quarter 2025 earnings conference call for Wednesday, August 6, 2025, at 8:30 a.m. ET. The company will release its financial results for Q2 2025 (ended June 30) via press release before the conference call.

Investors can access the call through the toll-free number (866) 652-5200 or international number (412) 317-6060. A webcast will be available, and a replay of the call along with its transcript will be accessible in the Events section of Dave's investor relations website.

Dave (NASDAQ:DAVE), a leading neobank, has announced the promotion of Kyle Beilman to the dual role of Chief Financial Officer and Chief Operating Officer, effective July 11, 2025. Beilman has been instrumental in driving the company's financial success, profitability, and operational efficiency.

In his expanded role, Beilman will continue overseeing financial strategy while leveraging his demonstrated ability to foster innovation and operational excellence. CEO Jason Wilk praised Beilman's leadership and strategic contributions across multiple departments, highlighting his significant impact on the company's continued success.

Over 600 consumers have filed arbitration claims against Dave (NASDAQ: DAVE), alleging misleading practices and hidden fees related to its ExtraCash earned wage access product. The claims, filed through consumer protection law firm Janove PLLC, assert that Dave misled users about its "no hidden fees" and "instant cash advances" promises. The company faces allegations of charging unexpected subscription costs, coercing "tip" payments, and withholding funds unless users paid additional fees. The legal challenge follows recent actions by the FTC and DOJ, who filed lawsuits in late 2024 accusing Dave of deceptive marketing, misrepresenting charitable contributions, and implementing unfair recurring fees. The controversy highlights growing scrutiny of fintech companies' business practices and their impact on financially vulnerable consumers.

Dave reported strong Q1 2025 financial results with revenue reaching $108.0 million, up 47% year-over-year. The company achieved net income of $28.8 million and Adjusted EBITDA of $44.2 million, representing a 235% increase from the previous year. Key operational metrics include: ExtraCash originations of $1.5 billion (up 46% YoY), 2.5 million Monthly Transacting Members (up 13%), and improved credit metrics with a 28-day delinquency rate dropping 33 basis points to 1.50%. The company's non-GAAP variable margin reached 77%. Based on strong performance, Dave raised its 2025 guidance, projecting revenue of $460-475 million and Adjusted EBITDA of $155-165 million. The company also initiated a $50 million share repurchase program and ended Q1 with $89.7 million in cash and equivalents.

Dave Inc. (Nasdaq: DAVE), a leading neobank, has announced it will host a conference call to discuss its first quarter 2025 financial results on Thursday, May 8, 2025, at 8:30 a.m. Eastern time. The company will release its Q1 2025 earnings report for the period ended March 31, 2025, prior to the call.

The conference call will include a management presentation followed by a Q&A session. Participants can join via toll-free number (866) 652-5200 or international line (412) 317-6060. A webcast will be available, and a replay of the call along with its transcript will be accessible in the Events section at investors.dave.com.