DAVE · Dave Inc./De - Financials
Annual line items from SEC XBRL filings, sourced from EDGAR's Company Facts API with fallback to the quarterly Financial Statement Data Sets. See issuer overview for Form 4 activity and 10-K signals.
Income Statement
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|
| Revenue | $554.18M | $347.08M | $259.09M | $153.01M | - |
| Cost of Revenue | - | - | - | - | - |
| Gross Profit | - | - | - | - | - |
| R&D | - | - | - | - | - |
| SG&A | - | - | - | - | - |
| Total Operating Expenses | $367.56M | $312.46M | $301.29M | $199.89M | - |
| D&A | $7.13M | $7.68M | $5.54M | $3.06M | - |
| Operating Income | $168.03M | $60.35M | ($48.40M) | ($19.90M) | ($6.38M) |
| Interest Expense | $7.04M | $7.99M | $11.77M | $2.54M | - |
| Income Tax | ($27.84M) | $2.48M | $120.0K | $97.0K | $0 |
| Net Income | $195.87M | $57.87M | ($48.52M) | ($19.99M) | ($5.27M) |
| EPS - Basic | $14.65 | $4.62 | ($4.07) | ($11.12) | - |
| EPS - Diluted | $13.53 | $4.19 | ($4.07) | ($4.69) | - |
Balance Sheet
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|
| Cash & Equivalents | $80.52M | $49.72M | $41.76M | $22.89M | $79.8K |
| Accounts Receivable | - | - | - | - | - |
| Inventory | - | - | - | - | - |
| Accounts Payable | $8.36M | $6.77M | $5.49M | $11.42M | - |
| Current Assets | $436.70M | $282.27M | $276.89M | $308.57M | $829.6K |
| Total Assets | $487.42M | $299.33M | $294.02M | $321.49M | $254.62M |
| Current Liabilities | $114.00M | $35.06M | $25.60M | $36.42M | $5.04M |
| Long-term Debt | $0 | $75.00M | $75.00M | $75.00M | - |
| Total Liabilities | $134.69M | $116.23M | $206.96M | $214.93M | $30.22M |
| Stockholders' Equity | $352.73M | $183.10M | $87.06M | $49.84M | ($29.37M) |
| Retained Earnings | $43.42M | ($152.45M) | ($210.32M) | ($161.80M) | ($29.37M) |
Cash Flow
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|
| Operating Cash Flow | $290.02M | $125.14M | $33.75M | ($44.88M) | ($2.09M) |
| Investing Cash Flow | ($202.75M) | ($45.84M) | ($14.38M) | ($37.20M) | ($253.77M) |
| Financing Cash Flow | ($56.29M) | ($71.00M) | $22.0K | $65.05M | $255.94M |
| CapEx | $317.0K | $262.0K | $688.0K | $371.0K | - |
| Free Cash Flow | $289.71M | $124.88M | $33.07M | ($45.25M) | - |
Ratios
| Metric | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|
| Profitability | |||||
| Gross margin | - | - | - | - | - |
| Operating margin | 30.3% | 17.4% | -18.7% | -13.0% | - |
| EBITDA margin | 31.6% | 19.6% | -16.5% | -11.0% | - |
| Net margin | 35.3% | 16.7% | -18.7% | -13.1% | - |
| Free cash flow margin | 52.3% | 36.0% | 12.8% | -29.6% | - |
| FCF / Net income | 1.48 | 2.16 | -0.68 | 2.26 | - |
| R&D / Revenue | - | - | - | - | - |
| SG&A / Revenue | - | - | - | - | - |
| Effective tax rate | -16.6% | 4.1% | - | - | - |
| Return on assets | 40.2% | 19.3% | -16.5% | -6.2% | -2.1% |
| Return on equity | 55.5% | 31.6% | -55.7% | -40.1% | 17.9% |
| Return on invested capital | 47.6% | 22.4% | -23.6% | -12.6% | - |
| Liquidity | |||||
| Current ratio | 3.83 | 8.05 | 10.81 | 8.47 | 0.16 |
| Quick ratio | 3.83 | 8.05 | 10.81 | 8.47 | 0.16 |
| Cash ratio | 0.71 | 1.42 | 1.63 | 0.63 | 0.02 |
| Leverage | |||||
| Debt / Equity | 0.00 | 0.41 | 0.86 | 1.50 | - |
| Debt / Assets | 0.00 | 0.25 | 0.26 | 0.23 | - |
| Debt / EBITDA | 0.00 | 1.10 | - | - | - |
| Interest coverage | 23.9x | 7.6x | -4.1x | -7.8x | - |
| Equity multiplier | 1.38 | 1.63 | 3.38 | 6.45 | -8.67 |
| Liabilities / Assets | 0.28 | 0.39 | 0.70 | 0.67 | 0.12 |
| Efficiency | |||||
| Asset turnover | 1.14 | 1.16 | 0.88 | 0.48 | - |
| Inventory turnover | - | - | - | - | - |
| Days sales outstanding | - | - | - | - | - |
| Days inventory outstanding | - | - | - | - | - |
| Days payable outstanding | - | - | - | - | - |
| Cash conversion cycle | - | - | - | - | - |
| Valuation | |||||
| P / E | 16.4x | 20.7x | - | - | - |
| P / B | 9.1x | 6.6x | 1.1x | 0.8x | - |
| P / S | 5.8x | 3.5x | 0.4x | 0.3x | - |
| EV / EBITDA | 17.8x | 18.0x | - | - | - |
| Growth | |||||
| Revenue growth (YoY) | 59.7% | 34.0% | 69.3% | - | - |
| Revenue CAGR (3y) | 53.6% | - | - | - | - |
| Revenue CAGR (5y) | - | - | - | - | - |
| Gross profit growth (YoY) | - | - | - | - | - |
| Operating income growth (YoY) | 178.4% | - | -143.2% | -212.0% | - |
| Net income growth (YoY) | 238.4% | - | -142.7% | -279.4% | - |
| EPS growth (YoY) | 222.9% | - | 13.2% | - | - |
| EPS CAGR (3y) | - | - | - | - | - |
| EPS CAGR (5y) | - | - | - | - | - |
| FCF growth (YoY) | 132.0% | 277.7% | - | - | - |
| FCF CAGR (5y) | - | - | - | - | - |
| Book value growth (YoY) | 92.6% | 110.3% | 74.7% | - | - |
Sales by segment
From XBRL dimensional facts in the 10-K period ending 2025-12-31.
Product / service
$1.11B totalService Based Revenue$511.91M · 46.2%
Processing And Overdraft Service Fees Net$466.84M · 42.1%
Transaction Based Revenue$42.27M · 3.8%
Subscriptions$37.22M · 3.4%
Interchange Revenue Net$24.36M · 2.2%
Transaction Based Revenue Other Net$15.65M · 1.4%
Tips$7.50M · 0.7%
Atm Revenue Net$2.25M · 0.2%
Other$349.0K · 0.0%
Stability scores
Altman Z′
FY 2025 · bankruptcy risk
3.86
Safe
Private-firm variant - uses book equity instead of market cap. > 2.90 safe · 1.23-2.90 grey · < 1.23 distress.
Piotroski F-score
FY 2025 · 9-point quality
5/9
Neutral
- ✓Net income positive
- ✓Operating cash flow positive
- ✓ROA improved YoY
- ✓Cash flow > net income
- ✓Long-term debt decreased
- ✗Current ratio improved
- ✗No share dilution
- -Gross margin improved
- ✗Asset turnover improved
Peer comparison
Same SIC group: Finance Services
Comparing Dave Inc./DE against the 5 most active filers in the same SIC group.