Dave preliminary Q4 revenue rises

Dave

05/02/2026 21:23

Overview

U.S. neobank's preliminary Q4 revenue rose 62% yr/yr, exceeding guidance

Adjusted EBITDA for Q4 grew 118% yr/yr, surpassing guidance

Company's 4Q25 28DPD metric improved, outperforming previous expectations

Outlook

Dave expects 2025 revenue and adjusted EBITDA to exceed top-end guidance

Company anticipates 4Q25 28DPD rate between 1.95% and 2.00%, outperforming guidance

Result Drivers

MEMBER GROWTH - Dave attributed revenue growth to accelerating monthly transacting member growth and ARPU expansion

CREDIT PERFORMANCE - Improved credit performance was powered by Dave's proprietary CashAI underwriting engine

OPERATING LEVERAGE - Strengthening unit economics and deepening member relationships contributed to EBITDA growth

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q4 Revenue
$164 mln
Q4 Adjusted EBITDA
$73 mln


Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 8 "strong buy" or "buy", no "hold" and no "sell" or "strong sell"

The average consensus recommendation for the financial technology (fintech) peer group is "buy"

Wall Street's median 12-month price target for Dave Inc is $302.50, about 85.5% above its February 4 closing price of $163.08

The stock recently traded at 13 times the next 12-month earnings vs. a P/E of 28 three months ago

Press Release: ID:nGNX9yRzxb

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)