Dave Inc./DE (DAVE) Form 10-Q — Aug 5, 2026
Dave Inc. reported Q2 2026 total operating revenue of $170.8 million, up about 30% from $131.8 million a year earlier, driven by processing and overdraft service fees that rose to $144.9 million from $113.5 million on continued ExtraCash growth. Quarterly net income declined to $6.7 million from $9.0 million a year ago (diluted EPS $0.49 versus $0.62) as non-cash losses on warrant and earnout liabilities and a 54.4% effective tax rate outweighed the revenue growth, though first-half net income still rose to $64.6 million from $37.9 million.
Key figures
- Eps
- Q2 2026 diluted $0.49 (basic $0.53); H1 2026 diluted $4.60 (basic $4.94)
- Revenue
- 170793000
- Net Income
- 6687000
- Total Debt
- $275.0M ($200.0M 0% convertible senior notes due 2031 principal + $75.0M debt facility, current)
- Revenue Yoy
- +29.6% YoY (Q2 2026 vs Q2 2025); +37.3% YoY for H1 2026
- Total Assets
- 570781000
- Cash Position
- 209613000
- Shares Outstanding
- 11,441,425 Class A and 1,314,082 Class V as of July 27, 2026
- H1 2026 revenue
- 329207000
- Q2 2025 revenue
- 131757000
- Capped call cost
- 17300000
- H1 2025 net income
- 37852000
- H1 2026 net income
- 64623000
- Capped call cap price
- 421.34
- Convert funded buyback
- 70500000
- Convertible net proceeds
- 193400000
- Legal settlement accrual
- 9710000
- H1 2026 share repurchases
- 207420000
- Convertible notes maturity
- April 1, 2031
- H1 2026 shares repurchased
- 992232
- Q2 2026 effective tax rate
- 54.4%
- Convertible notes principal
- 200000000
- H1 2026 operating cash flow
- 150407000
- Convertible conversion price
- 279.13
- Q2 2026 provision credit losses
- 28818000
Price after filing
Close on the filing date to close N calendar days later (from $429.26). Historical, not a forecast.
AI analysis
The rest of the AI analysis, red flags and sentiment are part of Signal8 Pro.
AI-generated analysis of a public disclosure. Not investment advice; verify against the original document.