Dave Inc (DAVE)
🔔 Watch stock
symbol.quality_heading
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.
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.
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After its market debut the Dave stock once lost about 97 percent. Today the fintech earns $195.9 million a year, grows around 60 percent and sits fourth in our Fundamental Rank scanner. We read the SEC filings: an engine that learns a loan in eleven days, a Department of Justice action against the company and its chief executive personally, and a credit-loss provision growing far faster than revenue. Not investment advice — only the case file.
Read the analysis
Stock Watch
This analysis is as of July 27, 2026. Stock Watch will tell you what's changed at DAVE since then.
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Appears in These Scanners
This stock currently matches 27 of our scanner strategies — each hit links to the scanner.
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
Trading Day
Key levels of the most recently completed trading day — not a live quote.
52-Week Range
Current price 372.70 $ — 76% of the range above the low.
Lowest and highest closing price over the last 52 weeks. The marker shows where the current price sits within that range: close to the high speaks for strength, close to the low for weakness.
Basics
Performance
Technical Indicators
Calculated from the price history · as of 08/03/2026
Valuation
Profitability
Balance Sheet & Safety
Growth
Dividend
This stock currently pays no dividend.
Quality & Screener
AI Rating
Uses AIDave 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.
„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.
„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.
„We manage credit risk through CashAI, our proprietary AI-powered underwriting engine."
Wir steuern das Kreditrisiko über CashAI, unsere proprietäre KI-gestützte Underwriting-Engine.
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 Score
9 of 10 Growth gemTen checks against the annual reports — each one passed counts a point.
- Revenue grows by more than 15% a year over three years 39.3% passed
- More than 10% revenue growth is expected for the coming year 19.5% passed
- Share count grows by less than 3% a year 7.1% failed
- Revenue growth plus cash-flow margin add up to at least 40 ("Rule of 40") 112.0% passed
- Gross margin at 40% or higher and without meaningful erosion 86.7% passed
- Goodwill from acquisitions does not grow faster than revenue 0.0% passed
- Net debt below twice EBITDA 46 m net cash passed
- Operating cash flow covers the profits of the last three years 244 m passed
- Return on capital at 15% or higher, or up versus two years ago 50.0% passed
- Insiders hold at least 10% or are net buyers 10.9% passed
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
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.
Analysts & Price Target
The price target sits 4.5% above the current price.
- Consensus
- Strong Sell
- Analyst Ratings
- 8
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.
Estimates by Fiscal Year
| Fiscal Year | EPS Estimate ($) | EPS Range ($) | Revenue Estimate ($M) | Expected Growth | Analysts |
|---|---|---|---|---|---|
| 12/31/2026 | 16.67 | 16.14 – 17.32 | 715 | 26.4% | 12 |
| 12/31/2027 | 21.26 | 17.81 – 24.78 | 863 | 27.6% | 12 |
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.
Next Reporting Date
- Expected Earnings per Share
- 3.13 $
Expected date of the next quarterly or annual figures. Dates do shift occasionally — only the invitation issued by the company is binding.
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
Quarterly Figures
| Quarter | EPS (Earnings Per Share) | EPS YoY (%) | Sales ($M) | Sales YoY (%) | Net Margin (%) | OCF ($M) | FCF ($M) |
|---|---|---|---|---|---|---|---|
| 2023: Q2 | -1.90 | 18.50 | 61 | 33.60 | -36.90 | 10 | 7 |
| 2023: Q3 | -1.01 | 75.00 | 66 | 15.80 | -18.40 | 15 | 14 |
| 2023: Q4 | 0.01 | 100.50 | 73 | 22.40 | 0.30 | 16 | 14 |
| 2024: Q1 | 2.60 | 320.30 | 74 | 25.00 | 46.50 | 18 | 17 |
| 2024: Q2 | 0.47 | 124.70 | 80 | 30.90 | 8.00 | 28 | 26 |
| 2024: Q3 | 0.03 | 103.00 | 93 | 40.60 | 0.50 | 37 | 35 |
| 2024: Q4 | 1.16 | 8,062.80 | 101 | 37.90 | 16.70 | 42 | 40 |
| 2025: Q1 | 1.97 | -24.40 | 108 | 46.70 | 26.70 | 45 | 44 |
| 2025: Q2 | 0.62 | 32.30 | 132 | 64.50 | 6.90 | 68 | 68 |
| 2025: Q3 | 6.34 | 18,852.70 | 151 | 63.00 | 61.10 | 83 | 85 |
| 2025: Q4 | 4.57 | 292.00 | 164 | 62.40 | 40.30 | 93 | 92 |
| 2026: Q1 | 4.02 | 104.50 | 158 | 46.70 | 36.60 | 82 | 82 |
- EPS (Earnings Per Share):
- Quarterly profit divided by the total share count — how much of the profit works out to a single share.
- YoY (Year over Year):
- Change versus the same quarter a year ago — this is how you compare without seasonal distortion (e.g. the holiday shopping season).
- Sales:
- All revenue for the quarter, before any costs are deducted — the top line of the income statement.
- Net Margin:
- What percentage of sales is left over as profit in the end. Negative means the company is posting a loss.
- OCF (Operating Cash Flow):
- The cash that actually flows into the till from the core business during the quarter — harder to dress up than book profit.
- FCF (Free Cash Flow):
- Operating cash flow minus capital expenditures — the money that's genuinely free to use, say for paying down debt, buybacks, or dividends.
Annual Figures
| Fiscal Year | Revenue ($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 |
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.
Assessment: Opportunities & Risks
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.
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.
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.
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.
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.
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.
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.
- 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.
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 | 26. Apr 2021 |
| ISIN | US23834J1025 |
| 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.
Chart
Interactive price chart (TradingView).
Data as of: July 31, 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.