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Dave, Inc. DAVE Return on invested capital

Return on invested capital at other companies

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JPMorgan ChaseJPM
27.7%-16.1pp
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Bank of AmericaBAC
25.3%-6.1pp
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Wells Fargo & CompanyWFC
20.5%-0.7pp
PayPal Holdings, Inc. logo
PayPal Holdings, Inc.PYPL
35.9%+12.6pp
SoFi Technologies, Inc. logo
SoFi Technologies, Inc.SOFI
20.5%-1.8pp
Affirm Holdings, Inc. logo
Affirm Holdings, Inc.AFRM
4.4%+2.9pp

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 / equity-0.4×
Current ratio3.9×-4.7×

Where this comes from

Calculated from Dave, Inc.’s reported figures.

Based on trailing twelve months.

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 return on invested capital?
Dave, Inc. (DAVE) reported return on invested capital of 141.5% in Q1 2026.
How has Dave, Inc.'s return on invested capital changed year-over-year?
Dave, Inc.'s return on invested capital increased by 347.1% year-over-year, from 31.6% to 141.5%.
What is the long-term trend for Dave, Inc.'s return on invested capital?
Over 3 years (2022 to 2025), Dave, Inc.'s return on invested capital has grown at a -10.4% compound annual growth rate (CAGR), from -101.2% to 72.7%.
What does return on invested capital mean?
Net operating profit after tax (operating income taxed at the effective rate) divided by average invested capital (debt plus equity minus cash). Measures the after-tax return on all capital put to work in the business, independent of capital structure.