Dave Inc. Reports Record Q4 2025 Earnings with 60% Revenue Growth
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Mar 03 2026
0mins
Should l Buy DAVE?
Source: seekingalpha
- Record Performance: Dave Inc. achieved a full-year revenue of $554 million in 2025, marking a 60% year-over-year increase, with adjusted EBITDA reaching $227 million at a margin of approximately 41%, showcasing the company's strong market performance and profitability.
- Outperformance: CEO Jason Wilk highlighted that revenue exceeded expectations by $129 million and EBITDA by $11.2 million, resulting in an impressive 86% flow-through rate, indicating effective execution and robust market demand.
- Accelerated Member Growth: In Q4, Dave acquired 867,000 new members at a customer acquisition cost of $20, with a gross profit payback period of under four months, demonstrating success in expanding its user base and enhancing profitability.
- Optimistic Outlook: The company projects 2026 revenue to range between $690 million and $710 million, representing a year-over-year growth of approximately 25% to 28%, with adjusted EBITDA targets set at $290 million to $305 million, reflecting management's confidence in sustained growth.
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Analyst Views on DAVE
Wall Street analysts forecast DAVE stock price to rise
5 Analyst Rating
5 Buy
0 Hold
0 Sell
Strong Buy
Current: 173.450
Low
250.00
Averages
312.50
High
347.00
Current: 173.450
Low
250.00
Averages
312.50
High
347.00
About DAVE
Dave Inc. is a neobank, providing a mobile-first financial services platform designed to help people manage their money. The Company offers access to short-term liquidity, fee-free banking, and financial management tools. Its platform and products include ExtraCash and Dave Checking. ExtraCash is its flagship overdraft product, offered through its bank partners, that provides its members with credit in the form of a discretionary overdraft to bridge liquidity gaps between paychecks. Dave Checking is a digital demand deposit account offered through its bank partners with no account minimums or corresponding fees, and Federal Deposit Insurance Corporation (FDIC) pass-through insurance. Its members can open a Dave Checking account through its mobile application, add funds, and begin spending using a virtual or physical Dave branded debit Mastercard (Dave Debit Card). Its personal financial management products include Budget, Side Hustle, and Goals.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
Market Rebound: Zacks Recommends Three Stocks
- Strong Performance of Dave Inc.: As one of the fastest-growing fintech firms in the U.S., Dave Inc.'s stock has soared over 400% in the past two years, currently trading at an 11X forward earnings multiple, with EPS expected to grow by 10% in FY26 and another 24% in FY27, indicating robust growth potential.
- GigaCloud's Technological Breakthrough: GigaCloud, which went public in 2022, has seen its stock rise 17% year-to-date, with Q4 EPS of $1.04 surpassing expectations of $0.65, and projected EPS growth of 17% and 16% for FY26 and FY27, respectively, alongside annual sales exceeding $1 billion, showcasing strong market performance.
- Sezzle's Growth Potential: As a digital payments platform, Sezzle's stock has also increased over 400% in the past two years, currently trading at a 13X forward earnings multiple, with EPS expected to spike by 30% this year and another 23% in FY27, highlighting its strong growth prospects in the digital payments sector.
- Significant Investment Opportunities: The three stocks recommended by Zacks experts are all seen as having the potential to achieve over 100% growth in the coming year, providing excellent investment opportunities, especially in the context of the current market rebound.
See More
Dave Inc and Lululemon Options Trading Activity
- Dave Inc Options Volume: Today, Dave Inc's options volume reached 4,250 contracts, representing approximately 425,000 shares, which accounts for 61.8% of its average daily trading volume of 687,930 shares over the past month, indicating a significant increase in market interest.
- High Strike Call Activity: Within Dave Inc, the $180 strike call option is particularly active, with 1,362 contracts traded today, equating to about 136,200 shares, suggesting that investors are increasingly optimistic about future price increases.
- Lululemon Options Volume: Concurrently, Lululemon's options volume hit 17,291 contracts, representing around 1.7 million shares, which is 56.6% of its average daily trading volume of 3.1 million shares over the past month, reflecting the brand's strong market performance.
- Lululemon High Strike Call Activity: For Lululemon, the $175 strike call option saw 853 contracts traded, amounting to approximately 85,300 shares, indicating investor confidence in its growth potential moving forward.
See More
G2 Investment Partners Acquires Stake in Xometry
- New Investment Position: G2 Investment Partners has established a new position in Xometry, acquiring 221,679 shares valued at $13.2 million, which represents 3.1% of its assets under management, indicating confidence in the company's prospects.
- Rapid Accumulation: G2 quickly ramped up its holdings in Xometry to become one of its largest positions by year-end, despite holding no shares as of September 30, reflecting optimism about Xometry's growth potential.
- Financial Performance: Xometry reported a loss of $8.6 million in the fourth quarter, an improvement from a $9.9 million loss a year earlier, while revenue surged 30% year-over-year to $192 million, showcasing its competitive edge in a rapidly growing market.
- Market Outlook: The number of active suppliers and buyers for Xometry increased by 17% and 20%, respectively, and despite a 34.8% drop in stock price, the company must achieve GAAP profitability to support long-term stock appreciation potential.
See More
G2 Investment Partners Acquires Stake in Xometry
- Stake Acquisition: G2 Investment Partners disclosed in an SEC filing on February 17 that it acquired 221,679 shares of Xometry, valued at $13.2 million, representing 3.1% of its assets under management.
- Top Holdings Overview: Following the acquisition, G2's major holdings include NASDAQ: DAVE ($29.4 million, 7.0% of AUM) and NYSE: PACK ($18.1 million, 4.3% of AUM), indicating a focus on diversified investments.
- Financial Performance: Xometry reported a 30% year-over-year revenue increase in Q4 2022, reaching $192 million, although it still posted a GAAP net loss of $8.6 million, despite a 17% and 20% increase in active suppliers and buyers, respectively.
- Market Outlook: While Xometry's stock has dropped 34.8% this year, it has gained 50.9% over the past year, highlighting its potential in the rapidly growing on-demand manufacturing market, though profitability is essential for long-term stock appreciation.
See More
Board Member Sells 30,000 Shares of Dave Inc.
- Transaction Overview: Board member Andrea Mitchell sold 30,000 shares of common stock in multiple open-market transactions on March 5 and 6, 2026, totaling $6.4 million, indicating a significant reduction in her ownership stake.
- Ownership Change: Post-transaction, Mitchell's direct ownership plummeted from 36,509 shares to 6,509 shares, representing an 82.17% decrease, which may raise concerns about her confidence in the company's future.
- Historical Comparison: This sale marks Mitchell's largest single transaction to date, involving 30,000 shares compared to her previous median sale of 16,180 shares, suggesting a potential shift in her holding strategy.
- Market Reaction and Investor Caution: While Dave Inc. reported strong financial results for 2025 with a 60% revenue increase to $554.2 million, Mitchell's substantial sell-off could lead investors to approach the stock with caution, especially as shares have rebounded from a 52-week low of $65.46 to over $200.
See More
Andrea Mitchell Sells 30,000 Shares of Dave Inc.
- Share Reduction Details: Andrea Mitchell sold 30,000 shares of Dave Inc. on March 5 and 6, 2026, across 26 open-market transactions, totaling approximately $6.39 million at a weighted average price of $213.03 per share, reducing her direct holdings by 82.17% to 6,509 shares.
- Trading Plan Context: This sale was executed under a Rule 10b5-1 trading plan adopted in November 2025, designed to mitigate legal risks associated with insider trading; however, the significant reduction of over 80% in her holdings raises caution among investors regarding Dave's stock.
- Financial Performance Highlights: Prior to the sale, Dave reported a 60% year-over-year revenue increase to $554.2 million in its 2025 financial results released on March 2, alongside a net income surge to $195.9 million, indicating strong performance and demand in the fintech sector.
- Market Volatility Risks: Although Dave's stock has rebounded significantly from a 52-week low of $65.46 to over $200, its high volatility, with a beta of approximately four, necessitates careful risk assessment for investors considering a purchase.
See More
Market Rebound: Zacks Recommends Three Stocks
- Strong Performance of Dave Inc.: As one of the fastest-growing fintech firms in the U.S., Dave Inc.'s stock has soared over 400% in the past two years, currently trading at an 11X forward earnings multiple, with EPS expected to grow by 10% in FY26 and another 24% in FY27, indicating robust growth potential.
- GigaCloud's Technological Breakthrough: GigaCloud, which went public in 2022, has seen its stock rise 17% year-to-date, with Q4 EPS of $1.04 surpassing expectations of $0.65, and projected EPS growth of 17% and 16% for FY26 and FY27, respectively, alongside annual sales exceeding $1 billion, showcasing strong market performance.
- Sezzle's Growth Potential: As a digital payments platform, Sezzle's stock has also increased over 400% in the past two years, currently trading at a 13X forward earnings multiple, with EPS expected to spike by 30% this year and another 23% in FY27, highlighting its strong growth prospects in the digital payments sector.
- Significant Investment Opportunities: The three stocks recommended by Zacks experts are all seen as having the potential to achieve over 100% growth in the coming year, providing excellent investment opportunities, especially in the context of the current market rebound.
See More
Dave Inc and Lululemon Options Trading Activity
- Dave Inc Options Volume: Today, Dave Inc's options volume reached 4,250 contracts, representing approximately 425,000 shares, which accounts for 61.8% of its average daily trading volume of 687,930 shares over the past month, indicating a significant increase in market interest.
- High Strike Call Activity: Within Dave Inc, the $180 strike call option is particularly active, with 1,362 contracts traded today, equating to about 136,200 shares, suggesting that investors are increasingly optimistic about future price increases.
- Lululemon Options Volume: Concurrently, Lululemon's options volume hit 17,291 contracts, representing around 1.7 million shares, which is 56.6% of its average daily trading volume of 3.1 million shares over the past month, reflecting the brand's strong market performance.
- Lululemon High Strike Call Activity: For Lululemon, the $175 strike call option saw 853 contracts traded, amounting to approximately 85,300 shares, indicating investor confidence in its growth potential moving forward.
See More
G2 Investment Partners Acquires Stake in Xometry
- New Investment Position: G2 Investment Partners has established a new position in Xometry, acquiring 221,679 shares valued at $13.2 million, which represents 3.1% of its assets under management, indicating confidence in the company's prospects.
- Rapid Accumulation: G2 quickly ramped up its holdings in Xometry to become one of its largest positions by year-end, despite holding no shares as of September 30, reflecting optimism about Xometry's growth potential.
- Financial Performance: Xometry reported a loss of $8.6 million in the fourth quarter, an improvement from a $9.9 million loss a year earlier, while revenue surged 30% year-over-year to $192 million, showcasing its competitive edge in a rapidly growing market.
- Market Outlook: The number of active suppliers and buyers for Xometry increased by 17% and 20%, respectively, and despite a 34.8% drop in stock price, the company must achieve GAAP profitability to support long-term stock appreciation potential.
See More
G2 Investment Partners Acquires Stake in Xometry
- Stake Acquisition: G2 Investment Partners disclosed in an SEC filing on February 17 that it acquired 221,679 shares of Xometry, valued at $13.2 million, representing 3.1% of its assets under management.
- Top Holdings Overview: Following the acquisition, G2's major holdings include NASDAQ: DAVE ($29.4 million, 7.0% of AUM) and NYSE: PACK ($18.1 million, 4.3% of AUM), indicating a focus on diversified investments.
- Financial Performance: Xometry reported a 30% year-over-year revenue increase in Q4 2022, reaching $192 million, although it still posted a GAAP net loss of $8.6 million, despite a 17% and 20% increase in active suppliers and buyers, respectively.
- Market Outlook: While Xometry's stock has dropped 34.8% this year, it has gained 50.9% over the past year, highlighting its potential in the rapidly growing on-demand manufacturing market, though profitability is essential for long-term stock appreciation.
See More
Board Member Sells 30,000 Shares of Dave Inc.
- Transaction Overview: Board member Andrea Mitchell sold 30,000 shares of common stock in multiple open-market transactions on March 5 and 6, 2026, totaling $6.4 million, indicating a significant reduction in her ownership stake.
- Ownership Change: Post-transaction, Mitchell's direct ownership plummeted from 36,509 shares to 6,509 shares, representing an 82.17% decrease, which may raise concerns about her confidence in the company's future.
- Historical Comparison: This sale marks Mitchell's largest single transaction to date, involving 30,000 shares compared to her previous median sale of 16,180 shares, suggesting a potential shift in her holding strategy.
- Market Reaction and Investor Caution: While Dave Inc. reported strong financial results for 2025 with a 60% revenue increase to $554.2 million, Mitchell's substantial sell-off could lead investors to approach the stock with caution, especially as shares have rebounded from a 52-week low of $65.46 to over $200.
See More
Andrea Mitchell Sells 30,000 Shares of Dave Inc.
- Share Reduction Details: Andrea Mitchell sold 30,000 shares of Dave Inc. on March 5 and 6, 2026, across 26 open-market transactions, totaling approximately $6.39 million at a weighted average price of $213.03 per share, reducing her direct holdings by 82.17% to 6,509 shares.
- Trading Plan Context: This sale was executed under a Rule 10b5-1 trading plan adopted in November 2025, designed to mitigate legal risks associated with insider trading; however, the significant reduction of over 80% in her holdings raises caution among investors regarding Dave's stock.
- Financial Performance Highlights: Prior to the sale, Dave reported a 60% year-over-year revenue increase to $554.2 million in its 2025 financial results released on March 2, alongside a net income surge to $195.9 million, indicating strong performance and demand in the fintech sector.
- Market Volatility Risks: Although Dave's stock has rebounded significantly from a 52-week low of $65.46 to over $200, its high volatility, with a beta of approximately four, necessitates careful risk assessment for investors considering a purchase.
See More
