Welcome to our dedicated page for DAVE news (Ticker: DAVE), a resource for investors and traders seeking the latest updates and insights on DAVE stock.
Dave Inc. reports developments as a U.S. neobank and fintech company offering app-based banking services, financial insights, overdraft protection, short-term liquidity through ExtraCash, credit-building tools, fee-free banking features, and financial management resources. Recurring updates center on member growth, monthly transacting members, average revenue per user, ExtraCash originations, monetization net of losses, 28-day past-due rates, and Dave Debit Card spend.
Company news also covers CashAI underwriting, product development, quarterly and annual results, guidance, investor conference activity, board and committee changes, and capital actions such as convertible notes, capped call transactions, and share repurchases.
Dave (Nasdaq: DAVE), a U.S. neobank, will be added to the S&P SmallCap 600 Index effective before the market opens on Monday, June 1, 2026.
The index tracks small-cap U.S. companies that meet specific criteria for performance, liquidity and market capitalization. Dave’s CEO described the inclusion as a key milestone supporting the company’s growth path.
FedEx Freight Holding (NYSE: FDXF) will join the S&P 500, replacing EPAM Systems (NYSE: EPAM), before trading opens June 2, 2026. EPAM will move to the S&P SmallCap 600, replacing Shutterstock (NYSE: SSTK). Dave (NASD: DAVE) will join the SmallCap 600 on June 1, replacing American Woodmark (NASD: AMWD).
FedEx Corp. (NYSE: FDX) is spinning off FedEx Freight Holding, expected to complete June 1, while MasterBrand (NYSE: MBC) plans to acquire American Woodmark and Shutterstock is anticipated to be acquired.
Dave (Nasdaq: DAVE) reported Q1 2026 results: GAAP revenue $158.4M (+47% Y/Y), GAAP net income $57.9M (+101% Y/Y) and Adjusted EBITDA $69.3M (+57% Y/Y). Monthly Transacting Members rose to 2.99M (+18% Y/Y); ExtraCash originations were $2.1B (+37%).
Q1 28-day past due rate was a record low 1.69%, net monetization expanded to 5.1%, and the company repurchased ~$195M of shares (~7% of shares outstanding). Dave raised full‑year 2026 revenue, Adjusted EBITDA and adjusted diluted EPS guidance.
Dave (NASDAQ: DAVE) will host a conference call on May 5, 2026 at 5:00 p.m. ET to discuss first-quarter 2026 financial results for the period ended March 31, 2026. A press release with results will be issued earlier the same day.
Management will present followed by a Q&A; registration, live webcast, replay, and transcript will be available on the company's investor site.
Dave (Nasdaq: DAVE) priced $175.0 million of 0% convertible senior notes due 2031, with an initial purchasers' option for an additional $25.0 million, upsized from $150.0 million; expected closing is March 9, 2026. Net proceeds are ~$168.0 million (~$192.1 million if option exercised).
The notes convert at 3.5825 shares per $1,000 (≈$279.13 per share), a ~32.5% premium to the $210.67 March 4, 2026 share price. Dave will pay ~$15.1 million for capped calls (cap price $421.34) and repurchase ~334,000 shares for ~$70.5 million.
Dave (NASDAQ: DAVE) announced a proposed private offering of $150 million principal amount of Convertible Senior Notes due April 1, 2031, with an initial purchaser option for an additional $22.5 million. Interest is payable semi‑annually on April 1 and October 1, beginning October 1, 2026.
Dave intends to use net proceeds to fund capped call transactions, repurchase shares of common stock in privately negotiated transactions at the pricing date closing price, and for general corporate purposes, including additional repurchases under its program.
Dave (Nasdaq: DAVE) reported strong Q4 and FY2025 results: Q4 revenue $163.7M (+62% YoY), FY2025 revenue $554.2M (+60% YoY), GAAP net income of $195.9M for the year (+238%) and Adj. EBITDA $226.7M (+162%).
The company raised its share repurchase authorization to $300M and provided FY2026 guidance of $690–$710M revenue (+25–28%) with Adj. EBITDA $290–$305M.
Dave (Nasdaq: DAVE) will report fourth quarter and full year 2025 results and hold an earnings conference call on March 2, 2026 at 5:00 p.m. ET. The call will be replayed with transcript available in the Events section at investors.dave.com.
Dave will also attend two investor conferences: Citizens Technology Conference (fireside chat March 3 at 12:30 p.m. ET) and Wolfe FinTech Forum 2026 (fireside chat March 10 at 10:15 a.m. ET), and will host one‑on‑one meetings; meeting requests go to the company’s investor relations email.
Dave (Nasdaq: DAVE) reported preliminary, unaudited results for Q4 and full-year 2025 and expects to file audited results and its Form 10-K on March 2, 2026, at 5:00pm ET. Q4 net operating revenues were roughly $164M and Adjusted EBITDA about $73M, beating guidance midpoints. The company expects FY2025 net operating revenues of ~$554M and Adjusted EBITDA of ~$227M, representing ~60% and ~162% increases versus 2024, respectively. 4Q25 28DPD is expected at 1.95%–2.00%, outperforming prior guidance.
Dave (Nasdaq: DAVE) announced that Nima Khajehnouri has joined its Board of Directors effective January 20, 2026, and will serve on the Audit Committee. Mr. Khajehnouri brings over two decades of engineering leadership, currently serving as Vice President of Engineering at Meta and previously at Google and Snap.
The appointment coincides with Imran Khan stepping down from the Board and board leadership changes: Mike Pope named Lead Independent Director and Andrea Mitchell appointed Chair of the Nominating and Corporate Governance Committee.