NASDAQ$DAVE

Dave Inc. · Q1 2025 earnings

Q1 2025 earnings · · Before market open · Investor relations

Briefing

Dave reported Q1 2025, revenue of $108M, net income of $28.8M, diluted EPS of $1.97.

For Q1 2025, Dave reported revenue of $108M, net income of $28.8M, diluted EPS was $1.97. Management discusses operating trends, capital, and sector risks in the quarterly filing.

  • Q1 2025 revenue $108M.
  • Net income $28.8M.
  • Diluted EPS $1.97.

Headline financials

Total Revenue

$108M

Previous: $73.6M+46.7%
EPS (adj)

$2.48

Previous: $2.60-4.6%
Monthly Transacting Members

2.5M

No prior period
New Members

569.0K

No prior period
Customer Acquisition Cost

$18.00

No prior period
Dave Debit Card Spend

$488M

No prior period
ExtraCash Originations

$1.5B

No prior period
28-Day Past Due Rate

1.5%

No prior period
Non-GAAP Gross Margin

77.0%

No prior period
Capital Expenditures

-$37K

Previous: -$12K-208.3%
Net Income

$28.8M

Previous: $34.2M-15.9%
Operating Income

$35.2M

Previous: $5.4M+552.0%

Revenue & EPS history

Dave · Revenue · Quarterly

$108M

Q1 2025+46.7%vs Q1 2024
Beat estimate in 13 of 16 quarters(81%)
ActualEstimate

Revenue by segment

Dave · $132M total across 2 segments · Q2 2025

  • Service based revenue, net
    $122M—
  • Transaction based revenue, net
    $10.2M—

Forward guidance

Digital platforms emphasize user growth, monetization, and adjusted profitability; GAAP EPS may swing with stock-based compensation and fair-value items.

Tailwinds

  • Raised full-year 2025 GAAP Operating Revenues, Net guidance.
  • Raised full-year 2025 Adjusted EBITDA guidance.
  • Increased confidence in the new fee model.
  • Positive growth outlook.
  • Demonstrated continued financial strength and operating efficiency.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 19 quarterly earnings reports · overlaid with Q1 2025

Historical avgQ1 2025

+6.5%

Avg return

Earnings day

+6.5%

Avg return

5 days after

+2.6%

Avg return

30 days after

60%

12 / 20 earnings

Positive

+52.6%

Q3 2024

Best reaction

-10.4%

Q2 2022

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q2 2025———
Q1 2026-5.6%-8.3%-6.3%
Q4 2025+5.1%+9.2%-13.2%
Q3 2025-2.2%-1.9%-12.5%
Q1 2025+41.3%+68.6%+105.5%
Q4 2024-4.9%-12.3%-16.5%
Q3 2024+52.6%+35.1%+45.1%
Q2 2024-6.3%-8.3%+10.7%
Q1 2024+9.1%+5.5%-21.1%
Q4 2023+44.4%+64.4%+72.5%
Q3 2023+4.7%-2.2%+17.6%
Q2 2023+0.3%+11.2%+5.6%
Q1 2023-8.5%-6.0%+11.3%
Q4 2022-8.3%-16.4%-31.7%
Q3 2022+21.4%+21.4%+25.7%
Q2 2022-10.4%-16.3%-34.5%
Q1 2022+2.0%+12.9%-56.9%
Q4 2021-5.4%-28.0%-50.5%
Q3 2021+0.1%-0.4%-0.4%
Q2 2021+0.1%-0.2%+1.1%
Q1 2021+1.6%+1.6%+1.6%
Q4 2020———
Q3 2020———
Q2 2020———
Q1 2020———
Q2 2019———
Q1 2019———
Q4 2018———
Q3 2018———
Q2 2018———
Q1 2018———
Q4 2017———
Q3 2017———
Q2 2017———
Q1 2017———
Q4 2016———
Q3 2016———
Q2 2016———
Q1 2016———
Q4 2015———
Q3 2015———
Q2 2015———
Q1 2015———
Q4 2014———
Q3 2014———
Q2 2014———
Q1 2014———
Q4 2013———
Q3 2013———
Q2 2013———
Q1 2013———
Q4 2012———
Q3 2012———
Q2 2012———

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