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Dave, Inc. DAVE Q4 2025 Annual earnings

Reported March 2, 2026 · After market close

Revenue$163.7MBeat by $3.1M
EPS$3.69Beat by $0.38
Revenue estimate$160.6M
EPS estimate$3.31

Next report

Aug 5, 2026 (In 1 week)
Revenue estimate$170.9M
EPS estimate$3.42

Financials

Q4 2025

Income statement

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Revenue$163.7M+62.4%
Net income$65.9M+292%
EPS (diluted)$4.57+291%

Balance sheet

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Cash & equivalents$80.5M+62.0%
Total debt$204.0K-99.7%
Total equity$352.7M+92.6%
Total assets$487.4M+62.8%

Cash flow

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Operating cash flow$93.3M+124%
CapEx$91.0K+82.0%
Free cash flow$93.2M+124%

Valuation & ratios

Valuation

as of 12/31/25
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Market cap$2.99B+171%
Enterprise value$2.91B+157%
P/E15.3×-3.8×
P/S5.4×+2.2×

Profitability

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Net margin35.3%+18.7pp
FCF margin52.3%+16.3pp

Returns & leverage

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Return on equity73.1%+30.3pp
Debt / equity0×-0.4×
Current ratio3.8×-4.2×

Segments

By product

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Processing And Overdraft Service Fees Net$140.7M—
Subscriptions$12.4M+91.7%
Interchange Revenue Net$6.4M+14.5%
Transaction Based Revenue Other Net$4.1M+11.8%
Other$98.0K-18.3%

Versus estimates

Revenue

Q1 2026$158.4MBeat by $4.7M
Q4 2025$163.7MBeat by $3.1M
Q3 2025$150.7MMiss by $2.3MQ2 2025$131.8MMiss by $843.0KQ1 2025$108.0MBeat by $3.5MQ4 2024$100.8MBeat by $10.6M

Diluted EPS

Q1 2026$4.02Beat by $1.38
Q4 2025$3.69Beat by $0.38
Q3 2025$4.24Beat by $1.95Q2 2025$3.14Beat by $1.24Q1 2025$2.48Beat by $0.94Q4 2024$2.04Beat by $0.95

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Questions, answered.

When did Dave, Inc. report Q4 2025 earnings?
Dave, Inc. (DAVE) reported Q4 2025 earnings on March 2, 2026 after market close.
What were Dave, Inc.'s Q4 2025 revenue and EPS?
Dave, Inc. reported revenue of $163.7M and eps of $3.69 for Q4 2025.
Did Dave, Inc. beat estimates in Q4 2025?
Revenue beat the consensus estimate of $160.6M by $3.1M. EPS beat the consensus estimate of $3.31 by $0.38.
How did Dave, Inc.'s Q4 2025 results compare year-over-year?
Compared to the same quarter a year prior, revenue grew 62.3% from $100.8M a year earlier and eps grew 80.9% from $2.04.
Where can I find Dave, Inc.'s Q4 2025 SEC filings?
You can read the 8-K earnings release (0001841408-26-000003) and the 10-K periodic report (0001193125-26-085370) directly on SEC EDGAR. The filing index links above go to sec.gov.