What is Dave, Inc.'s net debt / EBITDA?

Dave, Inc. (DAVE) reported net debt / EBITDA of -0.6× in Q1 2026.

How has Dave, Inc.'s net debt / EBITDA changed year-over-year?

Dave, Inc.'s net debt / EBITDA decreased by 253.4% year-over-year, from 0.4× to -0.6×.

What does net debt / EBITDA mean?

Net debt (total debt minus cash) divided by trailing-twelve-month EBITDA. Expresses leverage in years — roughly how long it would take to repay net debt out of operating cash earnings.

Dave, Inc. DAVE Net debt / EBITDA

Net debt / EBITDA at other companies

JPMorgan ChaseJPM

1.2×+0.9×

Bank of AmericaBAC

0.8×+0.5×

Wells Fargo & CompanyWFC

0.6×-1.3×

PayPal Holdings, Inc.PYPL

-1.8×-2.6×

SoFi Technologies, Inc.SOFI

-0.9×-1.2×

Affirm Holdings, Inc.AFRM

9.4×-788×

Other financials

Income statement

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Revenue$158.4M+46.7%

Operating income-$3.0M—

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

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Market cap$4B+113%

Enterprise value$3.86B+95.8%

P/E17.8×-18.0×

P/S6.6×+1.7×

Profitability

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Operating margin-4.2%—

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×

Where this comes from

Calculated from Dave, Inc.’s reported figures.

net debt/ebitda=-0.6×

Based on the most recent quarter.

The official record: Dave, Inc.’s 10-Q, filed May 5, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Dave, Inc.'s net debt / EBITDA?: Dave, Inc. (DAVE) reported net debt / EBITDA of -0.6× in Q1 2026.
How has Dave, Inc.'s net debt / EBITDA changed year-over-year?: Dave, Inc.'s net debt / EBITDA decreased by 253.4% year-over-year, from 0.4× to -0.6×.
What does net debt / EBITDA mean?: Net debt (total debt minus cash) divided by trailing-twelve-month EBITDA. Expresses leverage in years — roughly how long it would take to repay net debt out of operating cash earnings.