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MARKETS / NASDAQ / DAVE
NASDAQ · FINANCE SERVICES · LARGE CAP

Dave Inc. DAVE

5 fiscal years on record · USD · FY2025 reported · SEC filings only
$554.2M
▲ 59.7% YoY
$195.9M
▲ 238.4% YoY
$289.7M
▲ 132.0% YoY
In brief

What this company does

Dave Inc. provides Members with access to short-term liquidity, fee-free banking, and financial management tools. Since inception, over 19 million Members have signed up for the Dave app, with over 14 million having used at least one of the company's products. As of December 31, 2025, the company had approximately 280 full-time employees. It offers products designed to address the most critical financial needs of its Members: instant and affordable access to credit, fee-free banking, and financial management tools. Its ExtraCash product, offered through its bank partners, provides Members with up to $500 of credit in the form of a discretionary overdraft to bridge liquidity gaps between paychecks. Its Dave Checking product is a digital demand deposit account offered through its bank partners, with no account minimums or corresponding fees, and FDIC pass-through insurance. Dave Inc. was founded in 2017.

Written from the business description in Dave Inc./DE's annual report to the U.S. Securities and Exchange Commission, filed 2 March 2026. Every sentence was checked against that document before publication.

Growth
USD 554.2M
Revenue, FY2025 · full 5-year series below
Revenue $M Net income $M
FY2025 · Revenue 554.2 · Net income 195.9
200M400M-50M-100M20212022202320242025
Compound annual growth
+39.3%
3 yrs
5 yrs
10 yrs
15 yrs

Compound annual rates per period — left blank where that exact year isn't on file, the series crosses a loss, or (per-share rows) a split falls inside the window.

Profitability
35 cents
of every revenue dollar became profit
Operating margin Net margin
FY2025 · Operating 30.3% · Net 35.3%
10%20%30%-20%-40%-60%20212022202320242025
ROE
FY2025 · ROE 73.1%
20%40%60%-50%-100%-150%20212022202320242025

Each USD of equity produced 73 cents of profit this year.

Cash & shareholders
USD 43.0M
returned in FY2025 · dividends + net buybacks
Free cash flow $M
FY2025 · FCF 289.7
100M200M-20M-40M20212022202320242025
Net buybacks $M Dividends $M
FY2025 · Dividends — · Net buybacks 43.0
20M40M20212022202320242025

USD 43.0M in buybacks — 22% of the year's profit went back to shareholders.

Total assetsUSD 487.4M
EquityUSD 352.7M
CashUSD 80.5M
Gross debtUSD 0.00
Net debtUSD -80.5M
Current ratio3.83×

The company holds more cash than debt.

The 5-year record
5 fiscal years
Every figure from documents filed with the SEC · USD

EPS, diluted, dividend per share and shares outstanding are shown without shading, and a vertical line marks the year the share count changed — the series crosses a large, unexplained change in share count, so the years on either side are not on a comparable scale.

row low → row highnegative
Metric 20252024202320222021
Revenue $B0.60.30.30.20.2
Operating income $B0.20.1−0.0−0.1−0.0
EBITDA $B0.20.1−0.0−0.1−0.0
Income tax $B−0.00.00.0−0.00.0
Net income $B0.20.1−0.0−0.1−0.0
Free cash flow $B0.30.10.0−0.0−0.0
EPS, diluted $13.534.19−4.07−11.12−4.69
Dividend / sh $·····
Payout %·····
ROE %73.142.8−50.1−177.4−51.6

Slide the table for earlier years · "·" marks a figure not available in our data for that year.

Provenance
Company facts, as filed
How we verify · 0 failures in 20 reconciliationsAUDITED

Reconciled in 5 of 19 fiscal years. 56 checks could not be computed.

EPS recomputationBalance-sheet identityGross profitBalance-sheet liquiditymoeda_consistente0 failures
ActivityFinance Services
Listed onNASDAQ
Incorporated innot stated in the filings
Fiscal year endsDecember 31
Data on record since2021

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