Dave Inc. (DAVE) Financial Statements
Industry: Finance Services
In fiscal 2025, Dave reported revenue of $554.2M, up 59.7% from $347.1M the year before. Net income was $195.9M (a 35.3% net margin), or $13.53 per diluted share. Operating activities generated $290.0M of cash, leaving $289.7M of free cash flow. At fiscal year end, Dave held $487.4M in total assets against $134.7M in total liabilities, including $80.5M of cash and equivalents.
Open the full interactive Dave financials → Quarterly statements, key ratios, valuation history and price charts.
Dave Key Stats
| Share Price | $362.87 |
|---|---|
| Market Cap | $4.96B |
| P/E Ratio | 26.8 |
| Revenue YoY Growth | +59.7% |
| 52-Week Range | $155.92 – $442.53 |
| Shares Outstanding | 12.7 million (basic, 2026 Q2) |
Dave Income Statement
| FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|
| Revenue | $0 | $204.8M | $259.1M | $347.1M | $554.2M |
| Cost of Goods Sold | $0 | — | — | — | — |
| Gross Profit | $0 | — | — | — | — |
| Operating Income | -$6.4M | — | — | — | — |
| Pre-Tax Income | -$5.3M | -$129.0M | -$48.4M | $60.4M | $168.0M |
| Income Tax | $0 | -$67,000 | $120,000 | $2.5M | -$27.8M |
| Net Income | -$5.3M | -$128.9M | -$48.5M | $57.9M | $195.9M |
| Diluted EPS | -$7.74 | -$11.12 | -$4.07 | $4.19 | $13.53 |
Dave Quarterly Results
| 2025 Q3 | 2025 Q4 | 2026 Q1 | 2026 Q2 | |
|---|---|---|---|---|
| Revenue | $150.7M | $163.7M | $158.4M | $170.8M |
| Net Income | $92.1M | $65.9M | $57.9M | $6.7M |
| Diluted EPS | $6.34 | $4.55 | $4.02 | $0.49 |
Dave Balance Sheet
| FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|
| Cash & Equivalents | — | $22.9M | $41.8M | $49.7M | $80.5M |
| Current Assets | $829,593 | $308.6M | $276.9M | $282.3M | $436.7M |
| Total Assets | $254.6M | $321.5M | $294.0M | $299.3M | $487.4M |
| Current Liabilities | $5.0M | $36.4M | $25.6M | $35.1M | $114.0M |
| Total Long-Term Debt | — | $75.0M | $75.0M | $75.0M | — |
| Total Liabilities | $30.2M | $214.9M | $207.0M | $116.2M | $134.7M |
| Shareholders' Equity | -$29.4M | $106.6M | $87.1M | $183.1M | $352.7M |
Dave Cash Flow Statement
| FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|
| Cash From Operations | -$2.1M | -$44.9M | $33.8M | $125.1M | $290.0M |
| Cash From Investing | -$253.8M | -$285.6M | -$14.4M | -$45.8M | -$202.7M |
| Cash From Financing | $255.9M | $321.8M | $22,000 | -$71.0M | -$56.3M |
| Free Cash Flow | — | -$45.6M | $33.1M | $124.9M | $289.7M |
Figures from Dave's 10-K and 10-Q filings with the SEC, as of 2026-10-14. Fiscal years follow the company's own reporting calendar. EPS and share counts are adjusted for later stock splits. See the full Dave financials page for every line item.
Dave Company Profile
| Ticker | DAVE |
|---|---|
| Exchange | Nasdaq |
| Industry | Finance Services |
| Headquarters | Los Angeles, California |
| Fiscal Year End | December 31 |
| SEC Filer Category | Large accelerated filer |
| SEC CIK | 0001841408 |
Frequently Asked Questions
What was Dave's revenue in fiscal 2025?
Dave (DAVE) reported revenue of $554.2M for fiscal 2025.
What is Dave's annual revenue history?
Dave's annual revenue by fiscal year: 2021: $0; 2022: $204.8M; 2023: $259.1M; 2024: $347.1M; 2025: $554.2M.
What was Dave's net income in fiscal 2025?
Dave reported net income of $195.9M for fiscal 2025.
What was Dave's earnings per share (EPS) in fiscal 2025?
Dave's diluted EPS was $13.53 for fiscal 2025 (adjusted for any later stock splits).
How much free cash flow did Dave generate in fiscal 2025?
Dave generated $289.7M of free cash flow in fiscal 2025.
What was Dave's revenue last quarter?
In its most recent reported quarter (2026 Q2), Dave reported revenue of $170.8M.
How many shares of Dave are outstanding?
Dave reported a weighted average of 12.7 million basic shares outstanding in 2026 Q2.
What is Dave's market cap?
Based on its latest closing price, Dave (DAVE) has a market capitalization of about $4.96B.
When does Dave's fiscal year end?
Dave's fiscal year end, as registered with the SEC, is December 31.
Where is Dave headquartered?
Dave lists its business address in Los Angeles, California in its SEC filings.