NASDAQ$DAVE
Dave Inc. · Q4 2025 earnings
Q4 2025 earnings · · After market close · Investor relations
Briefing
Dave reported Q4 2025 revenue of $163.7M and net income of $66.0M.
Fourth-quarter revenue grew 62% to $163.7 million with ARPU up 36% and monthly transacting members up 19% to 2.9 million. Net income was $66.0 million and adjusted EBITDA $72.9 million (+118%). Full-year revenue was $554.2 million (+60%) with net income of $195.9 million.
- Q4 revenue +62% YoY; FY25 +60%.
- Adjusted EBITDA $72.9M in Q4.
- 2026 outlook: revenue +25–28% with expanding margins.
- Buyback authorization raised to $300M.
Headline financials
Revenue & EPS history
Dave · Revenue · Quarterly
$164M
Forward guidance
2026 revenue growth 25–28% with expanding adjusted EBITDA margins.
Tailwinds
- Three straight quarters of 60%+ revenue growth.
- CashAI v5.5 improved credit performance.
Headwinds
- Macro sensitivity for subprime neobank members.
- Marketing and compliance investment needs.
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 Q4 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
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| 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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