Dave Inc./DE (DAVE) Form 8-K — Aug 5, 2026
Dave Inc. reported Q2 2026 revenue of $170.8 million, up 30% year over year, marking its ninth consecutive quarter of at least 30% growth. GAAP net income fell 26% to $6.7 million, weighed down by $36.9 million of non-cash warrant and earnout remeasurement charges, while Adjusted EBITDA rose 48% to $75.5 million at a 44% margin. Operating metrics were strong: monthly transacting members grew 17% to 3.08 million, ExtraCash originations rose 27% to $2.3 billion, and the 28-day past due rate improved to 2.12%, showing growth came alongside stable-to-better credit performance.
Key figures
- Eps
- 0.49
- Revenue
- 170800000
- Guidance
- FY2026 guidance raised: GAAP operating revenues, net to $725-$735M (31-33% Y/Y growth, prior $710-$720M); Adjusted EBITDA to $315-$325M (prior $305-$315M); Adjusted diluted EPS to $17.00-$17.50 (prior $16.25-$16.75)
- Net Income
- 6700000
- Revenue Yoy
- +30%
- Total Assets
- 570800000
- Cash Position
- 254400000
- Mtm Yoy
- +17%
- Dpd28 Rate
- 2.12%
- New Members
- 951000
- Adjusted Ebitda
- 75500000
- Debit Card Spend
- 530000000
- Gaap Net Income Yoy
- -26%
- Total Liabilities
- 362900000
- Adjusted Ebitda Yoy
- +48%
- Adjusted Net Income
- 56400000
- Adjusted Diluted Eps
- 4.12
- New Member Growth Yoy
- +32%
- Non Gaap Gross Margin
- 72%
- Non Gaap Gross Profit
- 123800000
- Convertible Notes Net
- 193100000
- Adjusted Ebitda Margin
- 44%
- Adjusted Diluted Eps Yoy
- +48%
- Extra Cash Originations
- 2300000000
- Customer Acquisition Cost
- 19
- Total Shareholders Equity
- 207900000
- Extra Cash Originations Yoy
- +27%
- Provision For Credit Losses
- 28800000
- Monthly Transacting Members
- 3080000
- Share Repurchases In Quarter
- 19100000
- Coastal Community Bank Funding
- 93000000
- Remaining Buyback Authorization
- 94100000
- Extra Cash Monetization Rate Net Of Losses
- 4.8%
- Warrant And Earnout Remeasurement Charges
- 36900000
Price after filing
Close on the filing date to close N calendar days later (from $429.26). Historical, not a forecast.
AI analysis
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