Mobile banking app Dave Q2 revenue jumps 64%, raises FY forecast

Dave

06/08/2025 13:12

Overview

Dave Q2 revenue up 64% yr/yr to $131.7 mln, adjusted EPS beats estimates

Net income rises 42% yr/yr to $9.1 mln; adjusted net income up 233%

Co raises FY 2025 revenue and adjusted EBITDA guidance, reflecting strong momentum

Outlook

Dave raises 2025 revenue guidance to $505-$515 mln

Company increases 2025 adjusted EBITDA outlook to $180-$190 mln

Dave expects 2025 revenue growth of 46%-48%

Company anticipates 2025 adjusted EBITDA growth of 108%-120%

Result Drivers

ARPU EXPANSION - Revenue growth driven by a step-change in Average Revenue Per User expansion

MEMBER GROWTH - Continued momentum in Monthly Transacting Member growth contributed to revenue increase

NEW FEE STRUCTURE - Full-quarter benefit of new fee structure enhanced profitability, per CEO Jason Wilk

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q2 Revenue
$131.70 mln
Q2 Adjusted EPS
Beat
$3.14
$1.51 (5 Analysts)
Q2 Net Income
$9.1 mln
Q2 Adjusted EBITDA
$50.90 mln


Press Release: ID:nGNX6pv6Q8

(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.)