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Dave, Inc. DAVE Q1 2026 earnings

Reported May 5, 2026 · After market close

Revenue$158.4MBeat by $4.7M
EPS$4.02Beat by $1.38
Revenue estimate$153.7M
EPS estimate$2.64
“We delivered another exceptional quarter to start the year, driven by record credit performance and consistent strong execution against our growth algorithm, Our 28-Day Past Due rate improved both sequentially and year-over-year to 1.69%, the lowest Q1 rate in company history. Despite the typical dynamics of tax refund season and elevated refunds, demand remained strong with 18% year-over-year MTM and 24% year-over-year ARPU expansion – both above our stated targets. These results are the product of years of significant investments in CashAI and the continued innovation and excellence delivered by our team.
Jason Wilk

Next report

Nov 3, 2026 (in a month)
Revenue estimate$191.5M
EPS estimate$4.41

Financials

Q1 2026

Income statement

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Revenue$158.4M+46.7%
Net income$57.9M+101%
EPS (diluted)$4.02+104%

Balance sheet

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Cash & equivalents$133.3M+184%
Total debt$425.0K-99.4%
Total equity$203.8M+2.2%
Total assets$530.5M+68.1%

Cash flow

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Operating cash flow$82.0M+81.3%
CapEx$19.0K-48.6%
Free cash flow$82.0M+81.4%

Valuation & ratios

Valuation

as of 03/31/26
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Market cap$2.31B+113%
Enterprise value$2.18B+95.8%
P/E10.3×-10.4×
P/S3.8×+1.0×

Profitability

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Net margin37.2%+23.5pp
FCF margin54%+14.2pp

Returns & leverage

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Return on equity111.6%+79.5pp
Debt / equity0×-0.4×
Current ratio3.9×-4.7×

Segments

By product

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Processing And Overdraft Service Fees Net$133.6M—
Subscriptions$13.9M+105%
Interchange Revenue Net$6.2M+5.4%
Transaction Based Revenue Other Net$4.0M+15.0%
Atm Revenue Net$659.0K-17.0%

FAQ

When did Dave, Inc. report Q1 2026 earnings?
Dave, Inc. (DAVE) reported Q1 2026 earnings on May 5, 2026 after market close.
What were Dave, Inc.'s Q1 2026 revenue and EPS?
Dave, Inc. reported revenue of $158.4M and eps of $4.02 for Q1 2026.
Did Dave, Inc. beat estimates in Q1 2026?
Revenue beat the consensus estimate of $153.7M by $4.7M. EPS beat the consensus estimate of $2.64 by $1.38.
How did Dave, Inc.'s Q1 2026 results compare year-over-year?
Compared to the same quarter a year prior, revenue grew 46.7% from $108.0M a year earlier and eps grew 62.1% from $2.48.
Where can I find Dave, Inc.'s Q1 2026 SEC filings?
You can read the 8-K earnings release (0001193125-26-206471) and the 10-Q periodic report (0001193125-26-206446) directly on SEC EDGAR. The filing index links above go to sec.gov.