Dave Earnings Reports

Dave reported strong financial results for the first quarter of 2025, with revenue increasing 47% year-over-year to $108.0 million. GAAP Net Income reached $28.8 million, and Adjusted EBITDA significantly increased by 235% year-over-year to $44.2 million. The company also raised its full-year 2025 guidance for both revenue and Adjusted EBITDA.

Dave Inc. achieved record revenue of $100.9 million in Q4 2024, reflecting a 38% year-over-year growth. Net income surged to $16.8 million, a significant improvement from the prior year's breakeven. Adjusted EBITDA increased 234% year-over-year, reaching $33.4 million, exceeding guidance. The company saw strong member growth, higher ExtraCash originations, and improved credit performance.

Dave Inc. reported a record third quarter with revenue up 41% year-over-year to $92.5 million and net income of $0.5 million, a $12.5 million increase year-over-year. The company also raised its full-year 2024 revenue and Adjusted EBITDA guidance.

Dave Inc. reported record second quarter 2024 results, with revenue up 31% year-over-year to $80.1 million. GAAP net income increased $29.0 million year-over-year to $6.4 million, and adjusted EBITDA increased $28.3 million year-over-year to $15.2 million. The company raised its 2024 adjusted EBITDA guidance to $40-$50 million.