Dave Inc. (DAVE) AI Stock Analysis

Dave Inc. operates an innovative financial services platform focused on enhancing financial management and accessibility for its members. At the core of its platform is Insights, a personal financial management tool designed to help users manage income and expenses between paychecks and optimize budgeting. The company also offers ExtraCash, a feature providing members with a fee-free overdraft and short-term credit alternative to advance funds seamlessly and avoid traditional banking fees. Additionally, Dave Inc. provides Side Hustle, an integrated job application portal that assists members in finding additional income opportunities to support financial stability.

Dave Inc. expanded revenue from $153.0M in FY2021 to $554.2M in FY2025, achieving a 5-year revenue CAGR of 35.4%. Revenue growth accelerated to 59.7% in FY2025, up from 34.0% in FY2024 and 26.5% in FY2023. Gross margin rose to 86.7% in FY2025, while operating margin shifted from -4.2% in FY2021 and -65.6% in FY2022 to positive 33.7% in FY2025. Net income reached $195.9M in FY2025 with diluted earnings per share of $13.55. Over the trailing twelve months ended June 30, 2026, revenue stood at $643.7M with an operating margin of 33.0%. In the latest quarter, quarterly revenue grew 29.6% year-over-year, while quarterly earnings declined 21.0%.

As of June 30, 2026, Dave Inc. held $252.6M in cash and short-term investments against total debt of $268.5M, resulting in net debt of $15.9M. The company reported a current ratio of 4.22 and a debt-to-equity ratio of 1.29, with shareholders' equity of $207.9M. In FY2025, operating cash flow reached $290.0M and free cash flow was $289.7M. Capital expenditures were minimal at $317,000, and Dave Inc. repurchased $43.7M of its shares.

At a last close of $367.40, Dave Inc. trades at a trailing price-to-earnings multiple of 23.7x and a forward P/E of 16.9x, both below the median of its US-listed Technology peers at 28.1x and 18.8x, respectively. Its enterprise value-to-EBITDA ratio is 20.3x, above the peer median of 16.6x, and its price-to-sales multiple is 7.3x compared to the peer median of 2.8x. Over the past year, the stock returned 73.7%, outperforming the S&P 500 (SPY) return of 16.8%, while its 5-year return of 15.5% trailed the S&P 500's 83.0% gain.

Wall Street coverage consists of 8 Strong Buy, 5 Buy, and 2 Hold recommendations, with zero Sell or Strong Sell ratings. The mean price target is $445.07, representing 21.1% upside from the last close of $367.40. For the fiscal year ending December 31, 2026, consensus estimates project revenue of $731.5M and EPS of $17.38, reflecting 31.8% EPS growth. The company beat EPS expectations in 3 of the last 4 quarters, and its next earnings date is November 3, 2026.

This page is an AI-written research summary of Dave Inc. (DAVE). The text was generated on October 30, 2026 from Quotelinks data as of October 16, 2026 (company profile, annual results, latest balance sheet, valuation, price performance and analyst estimates). An automatic check rejects any draft that contains a figure not found in that data. It is not investment advice; verify figures on the linked tabs before making decisions.

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