NASDAQ$DAVE
Dave Inc. · Q2 2024 earnings
Q2 2024 earnings · · Investor relations
Briefing
Dave reported record results with revenue up 31% year-over-year and GAAP net income increasing $29.0 million year-over-year.
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.
- Revenue increased by 31% year-over-year to $80.1 million, marking the third consecutive quarter of accelerating revenue growth.
- GAAP net income increased $29.0 million year-over-year to $6.4 million.
- Adjusted EBITDA increased $28.3 million year-over-year to $15.2 million.
- Monthly Transacting Members increased 18% year-over-year to 2.3 million.
Headline financials
Revenue & EPS history
Dave · Revenue · Quarterly
$80.1M
Revenue by segment
Dave · $132M total across 2 segments · Q2 2025
- Service based revenue, net$122M—92.3%
- Transaction based revenue, net$10.2M—7.7%
Forward guidance
Dave raised its Adjusted EBITDA guidance for the year to $40—$50 million. The company expects strong credit performance to continue for the balance of the year and is well-positioned to achieve its growth and profitability objectives.
Tailwinds
- Strong and scalable business model
- Solid year-to-date results
- Positive outlook for the remainder of the year
- Expectation around loss provision in the back half of the year
- Continued focus on efficient growth
Headwinds
- Variability of reconciling items could have a significant impact on future GAAP financial results
- Rising interest rates
- Business and/or competitive factors
- Extensive and evolving government regulations
- Reliance on a single bank partner
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 Q2 2024
+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
| Quarter | Report date | Reaction (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% | |
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