Dave Q4 net income surges

Dave

02/03/2026 21:20

Overview

U.S. neobank's Q4 revenue rose 62% yr/yr to $163.7 mln

Q4 net income grew 292% yr/yr to $66.0 mln

Outlook

Dave projects 2026 revenue growth of 25% to 28%

Company expects 2026 adjusted EBITDA between $290 mln and $305 mln

Result Drivers

ARPU EXPANSION - Co reported a 36% year-over-year increase in ARPU, contributing to revenue growth

EXTRACASH ORIGINATIONS - ExtraCash originations grew 50% year-over-year, improving unit economics

UNDERWRITING ENHANCEMENTS - Improved underwriting reduced past due rates and supported growth

Company press release: ID:nPn7PXFVta

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q4 Net Income
$66 mln


Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 10 "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 $297.00, about 53.7% above its February 27 closing price of $193.27

The stock recently traded at 16 times the next 12-month earnings vs. a P/E of 18 three months ago

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(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.)