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Dave Inc. reported total operating revenues, net of $170,793 thousand for the three months ended June 30, 2026, up from $131,757 thousand a year earlier. Service based revenue, net was the largest contributor at $160,047 thousand, while transaction based revenue, net was $10,746 thousand. Quarterly net income was $6,687 thousand, down from $9,040 thousand, as income tax expense and fair-value changes in warrant and earnout liabilities weighed on results.
For the six months ended June 30, 2026, total operating revenues, net were $329,207 thousand and net income was $64,623 thousand, compared with $239,736 thousand and $37,852 thousand for the prior-year period. Cash and cash equivalents were $209,613 thousand at June 30, 2026, while member receivables, net were $232,220 thousand. Financing activity included $192,695 thousand of net proceeds from convertible notes, $17,364 thousand for capped calls, and repurchases of 992,232 Class A shares at a cost of $207,420 thousand. Dave also began limited testing of Dave Flex in April 2026; related receivables, allowance and fee revenue were immaterial.
Dave Inc. reported strong second-quarter 2026 results, with GAAP operating revenues, net of $170.8 million, up 30% year-over-year. Non-GAAP gross profit was $123.8 million with a 72% margin, and Adjusted EBITDA rose to $75.5 million, up 48% year-over-year for a 44% margin. GAAP net income was $6.7 million, which includes $36.9 million of non-cash warrant and earnout remeasurement charges, while adjusted net income reached $56.4 million and adjusted diluted EPS was $4.12, up 48%.
Operating momentum remained solid: new members grew 32% to 951,000 at a $19 customer acquisition cost, Monthly Transacting Members increased 17% to 3.08 million, and ExtraCash originations rose 27% to $2.3 billion with a 4.8% monetization rate. Credit metrics improved, with the 28-day past due rate at 2.12%. Cash, cash equivalents, restricted cash and investments totaled $254.4 million as of June 30, 2026, helped by $93.0 million of Coastal Community Bank funding and offset by $19.1 million of share repurchases, leaving $94.1 million under the authorization.
Based on first-half performance, the company raised full-year 2026 guidance. GAAP operating revenues, net are now expected at $725–$735 million (year-over-year growth of 31–33%), Adjusted EBITDA at $315–$325 million, and adjusted net income per diluted share at $17.00–$17.50.
Dave Inc. director Yadin Rozov reported a charitable transfer of shares. An entity described as a family foundation made a bona fide gift of 2,200 shares of Class A Common Stock, with no sale proceeds. Following these transactions, Rozov directly holds 75,834 Class A shares.
Dave Inc. director Preston Dan reported open-market sales of Class A Common Stock. He sold a total of 550 shares over two days, including 275 shares on June 4, 2026 at $247.65 per share and 275 shares on June 5, 2026 at $259.83 per share. After these transactions, he directly holds 5,191 shares. The filing notes that at least one of the sales was executed under a Rule 10b5-1 trading plan adopted on December 10, 2025, indicating the trades were pre-arranged.
Dave Inc. executive Kyle Beilman, the company’s CFO, COO and Secretary, sold 4,122 shares of Class A common stock in open-market transactions. The sales occurred on June 2, 2026 at weighted average prices around $275–$277 per share.
According to the disclosure, the shares were sold to satisfy tax obligations arising from the settlement of vested restricted stock units, meaning the transactions were tied to compensation-related vesting rather than a discretionary reduction of his equity stake.
Dave Inc. Chief Executive Officer Jason Wilk reported open-market sales of Class A Common Stock primarily to cover taxes on vested equity. On 2026-06-02, he sold a total of 8,474 shares in several transactions at reported prices including $275.01, $276.55, and within a weighted average range of $277.30 to $277.63. The filing explains these sales were made to satisfy tax obligations arising from the settlement of vested restricted stock units. After the transactions, Wilk holds 299,950 shares directly and an additional 47,882 shares indirectly through a trust.
POPE MICHAEL W reported acquisition or exercise transactions in this Form 4 filing.
Dave Inc. director Michael W. Pope received an equity award of 637 shares of Class A common stock in the form of restricted stock units. These RSUs were granted as part of the company’s Amended and Restated 2021 Equity Incentive Plan for annual director compensation. The award will vest in full on the earlier of June 2, 2027 or the date of Dave’s next annual shareholder meeting, as long as he continues serving on the board. After this grant, he directly holds 6,468 shares of Class A common stock.
Khajehnouri Nima reported acquisition or exercise transactions in this Form 4 filing.
Dave Inc. director Nima Khajehnouri received a grant of 637 shares of Class A common stock in the form of restricted stock units under the company’s 2021 equity incentive plan. These RSUs will vest fully on June 2, 2027 or on the next annual shareholder meeting, whichever comes first.
Rozov Yadin reported acquisition or exercise transactions in this Form 4 filing.
Dave Inc. director Yadin Rozov reported a stock-based compensation grant and his current holdings. He received 637 shares of Class A Common Stock underlying a restricted stock unit award at $0.00 per share, increasing his direct holdings to 75,834 shares. An additional 2,200 shares are held indirectly through a family foundation. The RSUs vest in full on the earlier of June 2, 2027 or the date of Dave’s next annual shareholder meeting, contingent on his continued board service.
Preston Dan reported acquisition or exercise transactions in this Form 4 filing.
Dave Inc. director Preston Dan reported an equity compensation grant of Class A Common Stock. He received 637 shares underlying a restricted stock unit (RSU) award granted in connection with annual director compensation under the company’s Amended and Restated 2021 Equity Incentive Plan.
The RSU vests in full on the earlier of June 2, 2027, or the date of Dave Inc.’s next annual shareholder meeting, as long as he continues serving on the Board through that date. After this award, Dan holds a total of 5,741 shares of Class A Common Stock directly.