Dave Inc
🔔 Watch stock
Assessment
Our Rating
A journalistic assessment by our editorial team at the time of the deep dive — it rates the company, not the entry point. Not investment advice and not a solicitation to buy or sell.
The business works in principle, but one material question is open. As long as it stays open, our findings do not carry a quality verdict.
Why this colour
A documented, highly profitable turnaround with a genuine AI core at a moderate valuation — but only as a speculative position, because the live court case can rewrite the story at any time.
What the thesis turns on
Assessment: Opportunities & Risks
Dave is a documented, highly profitable turnaround with a genuine AI core — and a court case whose outcome nobody knows. The moderate valuation is paying for exactly that uncertainty. If at all, then as a speculative position, in the knowledge that a ruling can rewrite the story at any time. Not investment advice.
Growth
Revenue up 59.7 percent in 2025 and 46.7 percent in the first quarter of 2026; ExtraCash origination volume up roughly 40 percent to about $2.1 billion in the quarter.
Profitability
Net income of $195.9 million (2025), return on equity of 111.6 percent, $289.7 million of free cash flow on almost no capital expenditure.
Legal risk
The DOJ action against the company and the chief executive personally is running in the main proceedings (motion to dismiss denied); a class action and the Baltimore case sit alongside it — outcome not quantified, only $7.8 million accrued.
Credit risk
The provision for credit losses rose 151 percent in the first quarter of 2026 against 46.7 percent revenue growth; a subprime customer base is cyclical.
Valuation
A trailing price-earnings ratio of about 21 and a forward multiple of 23.6 for close to 60 percent growth (data as of July 27, 2026) — lawsuit and credit risk are visibly priced in.
Dependencies
No banking licence of its own: two partner banks (with the stated aim of one) and a single payment processor — an efficient but thin chain.
Worth Noting
The trailing profit contains a $33.6 million tax benefit from the third quarter of 2025 — the forward multiple is the more conservative yardstick.
Insiders sold 18 times and bought not once in the last reporting period.
Stock Watch
This analysis is as of August 4, 2026. Stock Watch will tell you what's changed at DAVE since then.
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Price history
Chart
Interactive price chart (TradingView).
52-week range: 155.90 $ to 442.50 $ · Last price: 356.50 $ (As of: September 17, 2026)
Key figures
Key figures at a glance
Every figure we hold for this stock, grouped by topic. The question mark next to a label explains what the number means.
Basics
Performance
Technical Indicators
Calculated from the price history · as of 09/18/2026
Valuation
Profitability
Balance Sheet & Safety
Growth
Dividend
This stock currently pays no dividend.
Quality & Screener
Highlighted are things our editorial team noticed: green = stands out as strong, red = deserves a closer look. No single metric is a verdict on its own — always read it in context.
Comparison
Industry comparison
The stock alongside the largest companies in the same group. The median row is the middle value of the companies shown above — not of the whole industry.
Industry: Software - Application
| Company | Market cap ($B) | P/E | EV/EBITDA | Gross Margin % | EBIT Margin % | Sales Growth (Year) % | Perf. 1Y % |
|---|---|---|---|---|---|---|---|
| Dave Inc DAVE | 4.5 | – | 21.6 | 71.8 | 38.3 | 59.7 | 63.0 |
| Salesforce.com Inc CRM | 194.7 | 24.2 | 14.3 | 77.3 | 21.8 | 9.6 | 1.1 |
| Uber Technologies Inc UBER | 144.3 | 18.9 | 19.7 | 40.8 | 14.6 | 18.3 | -23.8 |
| ServiceNow Inc NOW | 138.5 | 82.3 | 40.2 | 74.8 | 13.3 | 20.9 | -27.2 |
| Snowflake Inc. SNOW | 115.4 | – | -76.6 | 67.0 | -22.2 | 29.2 | 55.3 |
| Automatic Data Processing Inc ADP | 108.8 | 25.1 | 16.4 | 48.7 | 30.2 | 7.1 | -3.0 |
| Adobe Systems Incorporated ADBE | 99.2 | 14.3 | 9.8 | 89.3 | 35.3 | 10.5 | -30.2 |
| Intuit Inc INTU | 86.0 | 20.0 | 12.2 | 81.0 | 47.0 | 15.6 | -52.2 |
| Datadog Inc DDOG | 84.3 | 631.8 | 268.8 | 79.5 | 0.8 | 27.7 | 75.8 |
| Median of companies shown | 108.8 | 24.2 | 16.4 | 74.8 | 21.8 | 18.3 | -3.0 |
Based on the most recently reported figures. Only stocks from the same trading venue are lined up, so the market caps are counted in one currency. Compare in a chart →
Fiscal years
Annual Figures
Fiscal years from the audited annual reports, oldest first. EBIT is the operating profit before interest and taxes; total assets are everything the company owns.
Revenue, operating income and net income per fiscal year $M
Revenue Operating income Net income
| Fiscal Year | Revenue ($M) | EBIT ($M) | Net Income ($M) | EPS ($) | Operating Cash Flow ($M) | Equity ($M) | Total Assets ($M) |
|---|---|---|---|---|---|---|---|
| 2019 | 76 | 2 | 1 | 0.07 | -11 | 55 | 67 |
| 2020 | 122 | -2 | -7 | -0.60 | -9 | 50 | 76 |
| 2021 | 153 | -6 | -20 | -1.72 | -1 | 39 | 147 |
| 2022 | 205 | -134 | -129 | -10.93 | -45 | 107 | 321 |
| 2023 | 259 | -42 | -49 | -4.07 | 34 | 87 | 294 |
| 2024 | 347 | 35 | 58 | 4.19 | 125 | 183 | 299 |
| 2025 | 554 | 187 | 196 | 13.53 | 290 | 353 | 487 |
Quarters
Quarterly Figures
Each bar is one quarter, the last one is the most recent. Use the switch to step through the individual figures.
Revenue & Profit
Cash Flow
Balance Sheet
Margins
Per Share
Click the chart or tab into it, then use ← and → to step through the periods.
None of the selected stocks reports this metric. Pick another metric or switch between annual and quarterly.
· Total · per year
These companies report in different currencies — switch on “Indexed” or pick a margin for a fair comparison.
The figures could not be loaded right now.
Source: fundamental data
| Quarter | EPS (Earnings Per Share) | EPS YoY (%) | Sales ($M) | Sales YoY (%) | Net Margin (%) | OCF ($M) | FCF ($M) |
|---|---|---|---|---|---|---|---|
| 2023: Q2 | -1.90 | 18.50 | 61 | 33.60 | -36.90 | 10 | 7 |
| 2023: Q3 | -1.01 | 75.00 | 66 | 15.80 | -18.40 | 15 | 14 |
| 2023: Q4 | 0.01 | 100.50 | 73 | 22.40 | 0.30 | 16 | 14 |
| 2024: Q1 | 2.60 | 320.30 | 74 | 25.00 | 46.50 | 18 | 17 |
| 2024: Q2 | 0.47 | 124.70 | 80 | 30.90 | 8.00 | 28 | 26 |
| 2024: Q3 | 0.03 | 103.00 | 93 | 40.60 | 0.50 | 37 | 35 |
| 2024: Q4 | 1.16 | 8,062.80 | 101 | 37.90 | 16.70 | 42 | 40 |
| 2025: Q1 | 1.97 | -24.40 | 108 | 46.70 | 26.70 | 45 | 44 |
| 2025: Q2 | 0.62 | 32.30 | 132 | 64.50 | 6.90 | 68 | 68 |
| 2025: Q3 | 6.34 | 18,852.70 | 151 | 63.00 | 61.10 | 83 | 85 |
| 2025: Q4 | 4.57 | 292.00 | 164 | 62.40 | 40.30 | 93 | 92 |
| 2026: Q1 | 4.02 | 104.50 | 158 | 46.70 | 36.60 | 82 | 82 |
| 2026: Q2 | 0.49 | -21.00 | 171 | 29.60 | 3.90 | 68 | 68 |
What Do These Terms Mean?
- EPS (Earnings Per Share):
- Quarterly profit divided by the total share count — how much of the profit works out to a single share.
- YoY (Year over Year):
- Change versus the same quarter a year ago — this is how you compare without seasonal distortion (e.g. the holiday shopping season).
- Sales:
- All revenue for the quarter, before any costs are deducted — the top line of the income statement.
- Net Margin:
- What percentage of sales is left over as profit in the end. Negative means the company is posting a loss.
- OCF (Operating Cash Flow):
- The cash that actually flows into the till from the core business during the quarter — harder to dress up than book profit.
- FCF (Free Cash Flow):
- Operating cash flow minus capital expenditures — the money that's genuinely free to use, say for paying down debt, buybacks, or dividends.
Screening
Appears in These Scanners
This stock currently matches 26 of our scanner strategies — each hit links to the scanner.
Growth
- EPS & Revenue Power
- Growth Gems
- High Revenue Growth
- Patrick Walker: 40, 40 Screen
- Quality Growth
- Ted Zhang: Super Stock Universe
- William O'Neil (CAN SLIM)
Quality & Balance Sheet
Aktien.Guide
Breakout & Setup
Momentum & Trend
- 21-EMA Trend
- Above the 50- & 200-SMA
- CANSLIM Type RS
- High ADR (≥5%)
- Jeff Sun
- Mike Webster: Swing Trading List
- Power Trend
- Richard Moglen: 1 Week Top Performers
- Stage 2 Leader
- Stan Weinstein: Checklist
- Stan Weinstein: Stage 2
Only genuine hits from verified scanners count; pure ranking metrics (P/E, P/S, and similar, which just sort the whole universe) don't count as a hit. View all scanners
Outlook
Analysts & Price Target
Combined picture of the price targets and recommendations of every analyst covering the stock. Price targets are expectations for the next 12 months, not promises — and they often follow the price rather than predict it.
Distribution of Recommendations
Estimates by Fiscal Year
| Fiscal Year | EPS Estimate ($) | EPS Range ($) | Revenue Estimate ($M) | Expected Growth | Analysts |
|---|---|---|---|---|---|
| 12/31/2026 | 17.33 | 17.01 – 17.46 | 730 | 31.5% | 14 |
| 12/31/2027 | 22.10 | 19.76 – 23.61 | 894 | 27.5% | 14 |
Average of the analyst estimates for the coming fiscal years. The range shows how far the most optimistic and the most cautious estimate sit apart — the wider it is, the less certain the expectation.
Valuation
What is priced in?
Instead of guessing what the stock is worth, we turn the question around: what free cash flow growth has to happen for today’s market value to add up? The assumptions behind it can be moved.
Today’s market value implies roughly 2.6% growth in free cash flow per year over ten years (assumptions: discount rate 10.0%, terminal growth 2.5%).
| Free cash flow (last twelve months) | $326.5M |
|---|---|
| Market cap | $4.51B |
| Free cash flow in year ten | $423.7M |
| Terminal value as a share of market value | 49.5% |
It shows which assumption is built into today’s price, not whether that assumption will hold. Every assumption can be changed with the sliders; the figures move with them.
A simplified model calculation — not a forecast and not a recommendation.
AI classification
AI Rating
Dave setzt KI umfassend operativ ein — das proprietäre KI-Underwriting CashAI, den KI-Chatbot DaveGPT und KI-Betrugserkennung —, verkauft KI aber nicht als eigenständiges bezahltes Produkt: Die Umsätze stammen aus Overdraft-Gebühren (ExtraCash), Interchange (Dave Checking) und Abo-Gebühren.
View the full file — quotes, sources, reviewed filings
„We use our proprietary AI-powered underwriting engine, CashAI, to evaluate each Member's cash flow in real-time, enabling us to extend credit responsibly while maintaining strong unit economics."
Wir nutzen unsere proprietäre KI-gestützte Underwriting-Engine CashAI, um den Cashflow jedes Mitglieds in Echtzeit zu bewerten, was es uns ermöglicht, Kredite verantwortungsvoll zu vergeben und zugleich starke Stückkosten-Ökonomie zu wahren.
10-K · 2026-03-02 · View SEC filing
„Automated Member Support: DaveGPT, our AI-powered chatbot, enables efficient self-service resolution for a broad range of Member inquiries, improving response times while reducing operational costs."
Automatisierter Mitglieder-Support: DaveGPT, unser KI-gestützter Chatbot, ermöglicht die effiziente Selbstbedienungs-Lösung einer breiten Palette von Mitglieder-Anfragen, verbessert die Antwortzeiten und senkt zugleich die Betriebskosten.
10-K · 2026-03-02 · View SEC filing
„By leveraging world-class technology and harnessing the power of data and artificial intelligence, we believe that we have dramatically reduced the costs to serve customers in this market."
Durch den Einsatz von Weltklasse-Technologie und die Nutzung der Kraft von Daten und Künstlicher Intelligenz haben wir nach unserer Überzeugung die Kosten für die Betreuung der Kunden in diesem Markt dramatisch gesenkt.
10-K · 2025-03-04 · View SEC filing
„We manage credit risk through CashAI, our proprietary AI-powered underwriting engine."
Wir steuern das Kreditrisiko über CashAI, unsere proprietäre KI-gestützte Underwriting-Engine.
10-Q · 2026-05-05 · View SEC filing
Filings Reviewed: 10-Q 2026-05-05 · 10-Q 2025-11-04 · 10-Q 2025-08-06 · 10-Q 2025-05-08 · 10-K 2026-03-02 · 10-K 2025-03-04
Rated on July 7, 2026 · How the Rating Is Built
Growth
Growth Score
Ten checks against the annual reports — each one passed counts a point.
- Revenue grows by more than 15% a year over three years 39.3%
- More than 10% revenue growth is expected for the coming year 19.5%
- Share count grows by less than 3% a year 7.1%
- Revenue growth plus cash-flow margin add up to at least 40 ("Rule of 40") 112.0%
- Gross margin at 40% or higher and without meaningful erosion 86.7%
- Goodwill from acquisitions does not grow faster than revenue 0.0%
- Net debt below twice EBITDA 46 m net cash
- Operating cash flow covers the profits of the last three years 244 m
- Return on capital at 15% or higher, or up versus two years ago 50.0%
- Insiders hold at least 10% or are net buyers 10.9%
A criterion without figures counts neither as passed nor as failed; a score is only produced from 7 judgeable criteria upwards. Source: fundamental data. All ten criteria in detail
Quality check
AAQS
8/10The AAQS (AlleAktien Quality Score) checks 10 quality criteria on growth, profitability, and balance-sheet strength — per the methodology developed and published by AlleAktien, calculated by us from our own fundamental data. A stock counts as a quality stock from 9 out of 10 points. Where a company has a shorter listing history, we calculate over the fiscal years available (at least five).
- Sales growth 10Y > 5% 39.2%
- Exp. sales growth 3Y > 5% 27.0%
- EBIT growth 10Y > 5% 117.1%
- Exp. EBIT growth 3Y > 5% 27.8%
- Net debt < 4x EBIT -0.2x
- EBIT positive, 10Y straight 3
- Max. EBIT decline < 50% 100.0%
- Return on equity > 15% 57.8%
- ROCE > 15% 50.0%
- Expected return > 10% 36.0%
View stocks with the full AAQS score · Read the methodology at AlleAktien
Source: fundamental data
Insiders
Insider Transactions
Reportable transactions by officers and major shareholders from SEC Form 4 filings. "Other" includes things like stock grants and option exercises without a buy/sell character.
| Date | Person | Role | Type | Shares | Price | Value |
|---|---|---|---|---|---|---|
| Sep 2, 2026 | Beilman Kyle | CFO and COO and Secretary | Other | 3,748 | 372.85 | 1,397,442 |
| Sep 2, 2026 | Wilk Jason | Chief Executive Officer | Other | 7,809 | 372.85 | 2,911,586 |
The company
About the Company
Dave Inc. bietet über seine Finanzdienstleistungsplattform verschiedene Finanzprodukte und -dienstleistungen in den USA an.
- CEO Insider Trades (12 Mo.)
- selling own stock
- Employees
- 280
- Headquarters
- Los Angeles, CA
- Address
- 1265 South Cochran Avenue, 90019 Los Angeles, United States
- Phone
- 844 857 3283
- Website
- dave.com
- IPO Date
- 04/26/2021
- ISIN
- US23834J2015
- Stock Split
- 1:32 on 01/06/2023
Management
| Name | Title | Birth Year |
|---|---|---|
| Jason Wilk | Co-Founder, CEO, President & Chairman | 1987 |
| Kyle Beilman | COO, CFO & Secretary | 1989 |
| Gopi Kuchimanchi | Chief Technology Officer | – |
| Joan Aristei J.D. | Chief Legal Officer | 1960 |
| Kevin Frisch | Chief Marketing Officer | – |
| Amanda Wilson | VP of People | – |
| Grahame Fraser | Head of Product Management | – |
| Parker Barrile | Chief Product Officer | 1983 |
| Ryan Imai | Director & Corporate Controller | – |
Executives per the latest required filings; titles kept in their original language. Source: fundamental data.
Filings
Company Filings (8-K)
An 8-K is the filing a US company must use to disclose material events immediately — takeovers, changes at the top, major contracts or payment troubles, for instance. The links open the original document at the US Securities and Exchange Commission (SEC).
- 08/14/2026 Dave Inc./DE (DAVE): Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers SEC ↗
- 08/05/2026 Dave Inc./DE (DAVE): Results of Operations and Financial Condition; Financial Statements and Exhibits SEC ↗
Data as of: September 17, 2026 · Source: fundamental data & SEC filings (annual and quarterly reports, 10-K/10-Q)
Note: pure fact-based analysis, not investment advice and not a solicitation to buy or sell. All figures without guarantee.