Dave Inc. (DAVE) Stock Analysis
Technology · Software - Application · NasdaqGM
Dave Inc. (DAVE) posted $554.20M in revenue for fiscal 2025 (up 59.7% year over year), at a 35.3% net margin, and has compounded revenue about 38.0%/yr over five years, per its SEC filings.
Data last refreshed August 2, 2026 from SEC filings · how we compute this
The analyst's take on Dave Inc.
Dave Inc. has grown revenue from $153.01M to $554.20M over the last 5 fiscal years, compounding about 38% a year. The most recent year was up 59.7%, so growth is actually accelerating.
Net margin sits at 35.3%, up 18.6 points year over year.
At today's valuation the market is pricing in roughly 0.7% annual free-cash-flow growth.
Synthesised from Dave Inc.'s SEC filings — descriptive, not advice. Ask the analyst your own question →
Dave Inc. revenue & earnings — last 5 fiscal years
| Metric | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Revenue | $153.01M | $204.80M | $259.09M | $347.10M | $554.20M |
| Gross profit | — | — | — | — | — |
| Net income | $-19.99M | $-128.90M | $-48.52M | $57.90M | $195.90M |
| Net margin | -13.1% | -62.9% | -18.7% | 16.7% | 35.3% |
Source: Dave Inc. SEC filings (10-K).
Dave Inc.: no obvious red flags in the filings
Our deterministic scan of the filed statements — receivables vs sales, earnings vs cash, dilution, leverage and margins — didn't flag anything. Ask about the risks →
What growth is priced into DAVE stock?
At today's market cap of $3.47B, Dave Inc. is priced for free-cash-flow growth of about 0.7% per year for 10 years (assuming a 10% discount rate and 2.5% terminal growth, base FCF $289.71M from the FY ending 2025-12-31). This is a reverse DCF — a translation of the price into a growth assumption you can judge, not a fair value and not advice. Change the assumptions yourself in the interactive view →
Explore 5 years of Dave Inc. financials — interactive
Full income statement, balance sheet and cash flow with CAGR and trend on every row, 48 quarters, valuation ratios, plain-English health checks, and Ask — our SEC-grounded research assistant.
Open the interactive view — freeOr start a 7-day free trial to track DAVE in your portfolio →
Dave Inc. financial history by metric
Compare Dave Inc. with peers
About Dave Inc.
Dave Inc. provides various financial products and services through its financial services platform in the United States. It offers Budget, personal financial management tool that helps members anticipate upcoming transactions and receive notifications by utilizing historical bank account data to identify recurring charges; ExtraCash, a form of a discretionary overdraft to bridge liquidity gaps between paycheck; Side Hustle, a job application portal to find supplemental or temporary work. The company also provides Dave Checking, a digital demand deposit account. Dave Inc. was founded in 2015 and is headquartered in Los Angeles, California.
Dave Inc. — frequently asked questions
What is Dave Inc.'s revenue?
Dave Inc. (DAVE) reported revenue of $554.20M for fiscal year 2025, up 59.7% from the prior year, according to its SEC filings.
Is Dave Inc. profitable?
Yes. DAVE earned net income of $195.90M in fiscal 2025, a net margin of 35.3%.
What is DAVE's P/E ratio?
Dave Inc. trades at a price-to-earnings ratio of about 17.5 based on the latest data in our nightly-refreshed cache.
How fast is Dave Inc. growing?
DAVE's revenue grew at roughly 38.0% per year over the last five fiscal years (compound annual growth rate), computed from SEC-filed statements.
How much debt does Dave Inc. have?
As of fiscal year 2025, DAVE carried roughly $0 in total debt (short- plus long-term borrowings), per its filed balance sheet.
What is Dave Inc.'s market cap?
Dave Inc. (DAVE) has a market capitalization of about $3.47B, based on the latest data in our nightly-refreshed cache.
When does Dave Inc.'s fiscal year end?
DAVE's fiscal year ends in December. Its most recent annual filing covers the fiscal year ending 2025-12-31.
What growth is priced into DAVE stock?
At today's market cap of $3.47B, Dave Inc. is priced for free-cash-flow growth of about 0.7% per year for 10 years (assuming a 10% discount rate and 2.5% terminal growth, base FCF $289.71M from the FY ending 2025-12-31).
Where does this data come from?
All figures are computed from Dave Inc.'s official SEC filings (10-K and 10-Q), covering 5 years of history, refreshed nightly. stockportfolio.pro does not provide investment advice.