Dave Donates $250,000 to Baby2Baby to Support Families in Need Across the U.S.

Rhea-AI Summary

Dave (Nasdaq: DAVE) announced a $250,000 donation to Baby2Baby on December 9, 2025 to support families in need across the U.S.

The contribution supported Baby2Baby’s 2025 Gala, which raised a record $18.5 million. Dave said the gift advances its charitable programing and brings the company’s lifetime giving to nearly $22 million. Baby2Baby aims to reach 1 million children and has distributed more than 500 million essential items while responding to over 100 disasters.

Key Figures

Donation amount $250,000 Dave contribution to Baby2Baby Gala

Lifetime giving $22 million Dave’s charitable contributions to date (stated as nearing)

Gala funds raised $18.5 million Record amount raised at Baby2Baby’s annual Gala

Children reached 1 million children Baby2Baby’s reach across the U.S. with essentials

Program duration 14 years Period over which Baby2Baby has operated

Items distributed 0.5 billion+ items Essential items distributed to children in need

Disasters responded to 100+ disasters Fires, floods and hurricanes supported by Baby2Baby

Families needing diapers 1 in 2 families Share of U.S. families struggling to provide diapers

Market Reality Check

$197.61 Last Close

Volume Volume 211,859 is 0.42x 20-day average 500,086, indicating muted trading interest pre-news. low

Technical Price $202.41 is trading above 200-day MA at $181.64, reflecting a prior uptrend.

Peers on Argus

DAVE is down 2.22% while key software/fintech peers like AGYS (-0.25%), GRND (-1.89%), NATL (-1.48%), RNG (-0.7%), and INTA (-1.53%) also show declines. However, no peers appear in the momentum scanner, suggesting stock-specific trading rather than a confirmed sector-wide momentum move.

Historical Context

Date	Event	Sentiment	Move	Catalyst
Nov 04	Q3 earnings	Positive	-2.3%	Strong Q3 growth, profitability, raised 2025 guidance, yet shares fell.
Oct 29	Management change	Positive	-2.8%	New Chief Product Officer with fintech and AI background appointed.
Oct 21	Earnings call notice	Neutral	+5.0%	Scheduled Q3 2025 results call and provided access details for investors.
Sep 16	Business update	Positive	-2.1%	Confirmed no pricing impact from Plaid / JP Morgan agreement.
Sep 10	Product upgrade	Positive	-1.3%	Launched CashAI v5.5 underwriting engine with better risk and margins.

Pattern Detected

Recent history shows multiple instances where seemingly positive operational or financial news was followed by negative 24h price reactions, indicating a tendency to sell into strength.

Recent Company History

Over the last few months, DAVE has reported strong fundamentals, including Q3 2025 revenue of $150.8M (+63% Y/Y) and $61.6M in adjusted net income, alongside product advances like CashAI v5.5 and ExtraCash growth. Management changes, such as appointing a new Chief Product Officer, and reassuring news on the Plaid/JP Morgan agreement reinforced its fintech positioning. Compared with these financially focused updates, today’s $250,000 Baby2Baby donation highlights brand, mission, and social impact rather than direct earnings catalysts.

Market Pulse Summary

This announcement highlights DAVE’s continued emphasis on social impact, with a $250,000 donation to Baby2Baby and a broader record of nearly $22 million in charitable giving. Placed alongside recent strong Q3 2025 financial results and product advances like CashAI v5.5, it underscores a strategy that combines growth with mission-driven branding. Investors may track how such initiatives influence customer engagement over time while keeping primary focus on revenue, credit performance, and capital allocation trends.

Key Terms

neobanks financial

"Dave Inc. (Nasdaq: DAVE), one of the nation’s leading neobanks, announces a donation"

Neobanks are banks that operate only online or via mobile apps, without traditional branch networks; think of them as digital-only banks that handle deposits, payments and basic loans through software. Investors watch neobanks because their low overhead and fast tech-driven services can grow customers quickly but also face tight profit margins, regulatory scrutiny and competition from established banks — factors that affect revenue, risk and valuation.

fintech financial

"Dave (Nasdaq: DAVE) is a leading U.S. neobank and fintech pioneer serving millions"

FinTech, short for financial technology, refers to new tools and software that make managing money easier and more convenient, like mobile payment apps or online banking. It matters because it helps people and businesses access financial services faster, often at lower costs, changing how we handle money in everyday life.

AI-generated analysis. Not financial advice.

Dave continues long-standing commitment to charitable giving, nearing $22 million in lifetime contributions.

Los Angeles, Dec. 09, 2025 (GLOBE NEWSWIRE) -- Dave Inc. (Nasdaq: DAVE), one of the nation’s leading neobanks, announces a donation of $250,000 to Baby2Baby, a national nonprofit that provides children living in poverty with diapers, clothing and all the basic necessities that every child deserves.

The contribution supported Baby2Baby’s annual Gala, which brought together celebrities, entrepreneurs and philanthropists and raised a record $18.5 million in a history-making night. The funds raised from the event will help Baby2Baby continue its vital work of reaching one million children across the country with the essentials they deserve, particularly during times of crisis and economic uncertainty.

“Millions of families across the country are facing the challenge of meeting their most basic needs,” said Jason Wilk, Founder and CEO of Dave. “Baby2Baby is an incredible organization that delivers tangible, immediate support to children and parents who need it most. We’re proud to partner with Baby2Baby to provide a stronger financial foundation for many American families.”

In the last 14 years, Baby2Baby has distributed more than half a billion essential items to children in need across all 50 states, and they have responded to over 100 disasters and emergencies including fires, floods and hurricanes impacting children.

“We are so grateful for Dave's support of the 2025 Baby2Baby Gala, our most important and impactful night of the year. 1 in 2 families in the U.S. are struggling to provide diapers for their babies,” shared Baby2Baby Co-CEOs Kelly Sawyer Patricof and Norah Weinstein. “Partners like Dave allow us to continue reaching over one million children across the country who are relying on Baby2Baby to provide the basic essentials they need and deserve.”

The donation reflects Dave’s long-standing commitment to improving the economic well-being of everyday Americans, helping people not only make ends meet but move toward long-term financial health.

For more information on Baby2Baby and how to support its mission, visit www.baby2baby.org.

About Dave

Dave (Nasdaq: DAVE) is a leading U.S. neobank and fintech pioneer serving millions of everyday Americans. Dave uses disruptive technologies to provide best-in-class banking services at a fraction of the price of incumbents. For more information about the Company, visit: www.dave.com. For investor information and updates, visit: investors.dave.com and follow @davebanking on X.

About Baby2Baby

Baby2Baby is a non-profit organization that provides children in need with diapers, formula, clothing, and the basic necessities that every child deserves, serving more than one million children across all 50 states. Led by Co-CEOs Kelly Sawyer Patricof and Norah Weinstein, the organization has distributed over 500 million items over the past 14 years to children in homeless shelters, domestic violence programs, foster care, hospitals and school districts as well as children who have lost everything in the wake of disaster. The organization's success has been propelled forward by its industry-leading model that is redefining what it means to operate a non-profit with a seamless integration of impact, innovation, and influence, which earned them recognition as the #1 non-profit on Fast Company's World's Most Innovative Companies List and praise from TIME Magazine as one of 2023's most influential companies. To learn more about Baby2Baby please visit www.baby2baby.org.

FAQ

How much did Dave (DAVE) donate to Baby2Baby on December 9, 2025?

Dave donated $250,000 to Baby2Baby.

What did Baby2Baby achieve at the 2025 Gala that Dave supported?

The 2025 Gala raised a record $18.5 million to fund Baby2Baby programs.

How close is Dave (DAVE) to its lifetime charitable giving milestone after the Baby2Baby gift?

The donation brings Dave’s lifetime contributions to nearly $22 million.

How many children does Baby2Baby aim to reach with funds from the 2025 Gala?

Baby2Baby aims to continue reaching 1 million children across the U.S.

What scale of aid has Baby2Baby delivered historically according to the announcement?

Baby2Baby has distributed more than 500 million essential items and responded to over 100 disasters.

Where can investors find more information about Dave (DAVE) and its philanthropy?

Investors can visit investors.dave.com and the company website at dave.com.