Dave Inc. (DAVE) Income Statement
DAVE 2025 at a glance
Fiscal year ended December 31, 2025 · U.S. dollarsDAVE revenue and net income
Where DAVE's revenue goes
2025Each bar shows an amount and its share of revenue. DAVE kept 35.3% of revenue as net income.
DAVE profit margins
DAVE growth rates
to 2025| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Revenue | +59.7% | +39.3% | +35.4% | — |
| Gross profit | +70.4% | +40.6% | +36.8% | — |
| Operating income | +439.2% | — | — | — |
| Net income | +238.4% | — | — | — |
| EPS (diluted) | +89.2% | — | — | — |
1-year change and average annual growth (CAGR) over 3, 5 and 10 fiscal years. "—" when a starting value was zero or negative.
DAVE quarterly EPS vs estimates
Dave beat the analyst EPS estimate in 7 of the last 8 quarters. Next report: November 3, 2026 (estimate $3.91).
DAVE income statement
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|
| Revenue | $554.2M | $347.1M | $259.1M | $204.8M | $153.0M | $121.8M | $76.2M |
| Cost of revenue | $73.8M | $65.1M | $61.4M | $31.9M | $23.5M | $21.6M | $15.2M |
| Gross profit | $480.4M | $282.0M | $197.7M | $172.9M | $129.6M | $100.2M | $61.0M |
| Sales, general & admin | $169.3M | $159.2M | $150.0M | $172.5M | $101.0M | $60.2M | $32.2M |
| Total operating expenses | $293.8M | $247.4M | $239.9M | $307.3M | $135.9M | $100.2M | $59.2M |
| Operating income | $186.6M | $34.6M | −$42.2M | −$134.4M | −$6.4M | −$2.3M | $1.8M |
| Interest income | $1.6M | $3.0M | $5.3M | $3.0M | $22,943 | $409,000 | $429,000 |
| Interest expense | $7.0M | $8.0M | $11.8M | $9.2M | $2.5M | $17,000 | $852,000 |
| Income before taxes | $168.0M | $60.4M | −$48.4M | −$129.0M | −$19.9M | −$6.8M | $1.3M |
| Income taxes | −$27.8M | $2.5M | $120,000 | −$67,000 | $97,000 | $145,000 | $545,000 |
| Net income | $195.9M | $57.9M | −$48.5M | −$128.9M | −$20.0M | −$7.0M | $787,000 |
| EBITDA | $182.2M | $76.0M | −$31.1M | −$112.6M | −$14.3M | −$5.1M | $3.0M |
| EPS (diluted) | $13.55 | $7.16 | −$4.09 | −$10.55 | −$6.22 | −$0.60 | — |
| Gross margin | 86.7% | 81.2% | 76.3% | 84.4% | 84.7% | 82.2% | 80.0% |
| Operating margin | 33.7% | 10.0% | −16.3% | −65.6% | −4.2% | −1.9% | 2.3% |
| Net margin | 35.3% | 16.7% | −18.7% | −62.9% | −13.1% | −5.7% | 1.0% |
| Jun '26 | Mar '26 | Dec '25 | Sep '25 | Jun '25 | Mar '25 | Dec '24 | Sep '24 | Jun '24 | Mar '24 | Dec '23 | Sep '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $170.8M | $158.4M | $163.7M | $150.7M | $131.8M | $108.0M | $100.8M | $92.5M | $80.1M | $73.6M | $73.1M | $65.8M |
| Cost of revenue | $47.1M | $20.7M | $19.8M | $20.0M | $17.3M | $16.8M | $6.3M | $17.5M | $16.8M | $7.7M | $7.5M | $7.1M |
| Gross profit | $123.7M | $137.7M | $144.0M | $130.8M | $114.5M | $91.2M | $94.6M | $75.0M | $63.3M | $65.9M | $65.6M | $58.7M |
| Sales, general & admin | $71.5M | $41.9M | $44.5M | $43.8M | $41.9M | $39.2M | $39.8M | $45.4M | $37.1M | $33.6M | $33.6M | $37.0M |
| Total operating expenses | $71.5M | $78.1M | $79.5M | $84.9M | $73.4M | $56.1M | $73.6M | $72.5M | $57.6M | $60.5M | $63.8M | $58.7M |
| Operating income | $52.2M | $59.6M | $64.5M | $45.9M | $41.1M | $35.1M | $21.0M | $2.5M | $5.7M | $5.4M | $1.8M | −$10.6M |
| Interest income | $1.3M | $824,000 | $283,000 | $294,000 | $588,000 | $431,000 | $513,000 | $439,000 | $537,000 | $1.5M | $1.3M | $1.3M |
| Interest expense | $2.0M | $1.7M | $1.7M | $1.8M | $1.8M | $1.8M | $1.8M | $2.0M | $2.0M | $2.2M | $2.8M | $3.1M |
| Income before taxes | $14.7M | $70.2M | $64.2M | $58.4M | $11.5M | $33.9M | $17.5M | $839,000 | $4.6M | $37.4M | $275,000 | −$12.0M |
| Income taxes | $8.0M | $12.2M | −$1.7M | −$33.6M | $2.5M | $5.1M | $687,000 | $373,000 | −$1.8M | $3.2M | $96,000 | $9,000 |
| Net income | $6.7M | $57.9M | $65.9M | $92.1M | $9.0M | $28.8M | $16.8M | $466,000 | $6.4M | $34.2M | $179,000 | −$12.1M |
| EBITDA | $91.2M | $73.5M | $68.0M | $62.1M | $14.9M | $37.2M | $21.7M | $4.6M | $8.3M | $41.4M | $4.7M | −$7.5M |
| EPS (diluted) | $0.49 | $3.64 | $3.69 | $4.24 | $3.14 | $2.48 | $2.04 | $1.51 | $1.01 | $2.60 | $0.02 | −$1.01 |
| Gross margin | 72.4% | 86.9% | 87.9% | 86.7% | 86.9% | 84.5% | 93.8% | 81.1% | 79.0% | 89.5% | 89.7% | 89.3% |
| Operating margin | 30.6% | 37.6% | 39.4% | 30.5% | 31.2% | 32.6% | 20.8% | 2.8% | 7.1% | 7.3% | 2.4% | −16.1% |
| Net margin | 3.9% | 36.6% | 40.3% | 61.1% | 6.9% | 26.7% | 16.7% | 0.5% | 7.9% | 46.5% | 0.2% | −18.3% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported in DAVE's financial statements (latest annual report filed March 2, 2026); data from EODHD. Sales, general & administrative expenses include sales and marketing.
DAVE financial results
In fiscal year 2025 (ended December 31, 2025), Dave reported revenue of $554.2 million, up 59.7% from the year before. It had net income of $195.9 million (up 238.4%), a net profit margin of 35.3%. Diluted earnings per share came to $13.55. Over five years revenue grew at an average rate of 35.4% a year.
See the DAVE stock overview for the latest quote and news, or the DAVE chart for price history and technical indicators.
DAVE income statement FAQ
What is Dave's annual revenue?
Dave reported total revenue of $554.2 million for fiscal year 2025, which ended on December 31, 2025. That was up 59.7% from $347.1 million the previous year.
Is Dave profitable?
Yes. Dave reported net income of $195.9 million in fiscal 2025, a net profit margin of 35.3%; its operating margin was 33.7%.
What is Dave's gross margin?
Dave's gross margin was 86.7% in fiscal 2025: for every $100 of revenue, Dave kept $87 after the direct cost of its products and services.
How fast is Dave growing?
Revenue grew 35.4% a year on average over the last five fiscal years, from $121.8 million to $554.2 million.
What are Dave's earnings per share?
Dave earned $13.55 per diluted share in fiscal 2025, compared with $7.16 a year earlier.
When will Dave report its next earnings?
Dave is expected to report results for the quarter ending September 30, 2026 on November 3, 2026.
When does Dave's fiscal year end?
Dave's fiscal year ends in December. The latest annual report covers the year ended December 31, 2025 and was filed on March 2, 2026.