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 | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $158.41M | - | $150.72M | $131.76M | $107.98M | - | $92.49M | $80.12M | $73.63M | - |
| Cost of Revenue | - | - | - | - | - | - | - | - | - | - |
| Gross Profit | - | - | - | - | - | - | - | - | - | - |
| R&D | - | - | - | - | - | - | - | - | - | - |
| SG&A | - | - | - | - | - | - | - | - | - | - |
| Total Operating Expenses | $98.85M | - | $104.83M | $90.67M | $72.83M | - | $89.94M | $74.45M | $68.23M | - |
| D&A | $1.62M | - | - | - | $1.54M | - | - | - | $1.73M | - |
| Operating Income | $70.16M | - | $58.43M | $11.51M | $33.87M | - | $839.0K | $4.58M | $37.45M | - |
| Interest Expense | $1.73M | - | $1.79M | $1.78M | $1.76M | - | $1.96M | $1.97M | $2.22M | - |
| Income Tax | $12.22M | - | ($33.64M) | $2.47M | $5.06M | - | $373.0K | ($1.78M) | $3.20M | - |
| Net Income | $57.94M | - | $92.07M | $9.04M | $28.81M | - | $466.0K | $6.36M | $34.24M | - |
| EPS - Basic | $4.31 | - | $6.84 | $0.68 | $2.19 | - | $0.04 | $0.51 | $2.80 | - |
| EPS - Diluted | $4.02 | - | $6.34 | $0.62 | $1.97 | - | $0.03 | $0.47 | $2.60 | - |
Balance Sheet
| Line item | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | $133.33M | $80.52M | $49.89M | $61.69M | $47.00M | $49.72M | $35.06M | $48.60M | $55.52M | $41.76M |
| Accounts Receivable | - | - | - | - | - | - | - | - | - | - |
| Inventory | - | - | - | - | - | - | - | - | - | - |
| Accounts Payable | $6.73M | $8.36M | $7.84M | $7.73M | $6.32M | $6.77M | $8.84M | $9.32M | $9.01M | $5.49M |
| Current Assets | $479.63M | $436.70M | $385.97M | $346.37M | $298.78M | $282.27M | $254.67M | $229.51M | $218.34M | $276.89M |
| Total Assets | $530.53M | $487.42M | $433.25M | $363.56M | $315.65M | $299.33M | $272.24M | $247.16M | $235.60M | $294.02M |
| Current Liabilities | $124.34M | $114.00M | $44.39M | $36.41M | $34.77M | $35.06M | $37.42M | $26.46M | $29.25M | $25.60M |
| Long-term Debt | - | $0 | $75.00M | $75.00M | $75.00M | $75.00M | $75.00M | $75.00M | $75.00M | $75.00M |
| Total Liabilities | $326.75M | $134.69M | $141.94M | $146.49M | $116.19M | $116.23M | $116.43M | $105.41M | $108.28M | $206.96M |
| Stockholders' Equity | $203.78M | $352.73M | $291.31M | $217.07M | $199.46M | $183.10M | $155.81M | $141.76M | $127.31M | $87.06M |
| Retained Earnings | $101.35M | $43.42M | ($22.52M) | ($114.59M) | ($123.64M) | ($152.45M) | ($169.25M) | ($169.72M) | ($176.08M) | ($210.32M) |
Cash Flow
| Line item | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $82.03M | - | - | - | $45.25M | - | - | - | $18.34M | - |
| Investing Cash Flow | ($10.14M) | - | - | - | ($28.06M) | - | - | - | $66.13M | - |
| Financing Cash Flow | ($19.08M) | - | - | - | ($19.91M) | - | - | - | ($70.48M) | - |
| CapEx | $19.0K | - | - | - | $37.0K | - | - | - | $12.0K | - |
| Free Cash Flow | $82.01M | - | - | - | $45.21M | - | - | - | $18.33M | - |
Ratios
| Metric | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Profitability | ||||||||||
| Gross margin | - | - | - | - | - | - | - | - | - | - |
| Operating margin | 44.3% | - | 38.8% | 8.7% | 31.4% | - | 0.9% | 5.7% | 50.9% | - |
| EBITDA margin | 45.3% | - | - | - | 32.8% | - | - | - | 53.2% | - |
| Net margin | 36.6% | - | 61.1% | 6.9% | 26.7% | - | 0.5% | 7.9% | 46.5% | - |
| Free cash flow margin | 51.8% | - | - | - | 41.9% | - | - | - | 24.9% | - |
| FCF / Net income | 1.42 | - | - | - | 1.57 | - | - | - | 0.54 | - |
| R&D / Revenue | - | - | - | - | - | - | - | - | - | - |
| SG&A / Revenue | - | - | - | - | - | - | - | - | - | - |
| Effective tax rate | 17.4% | - | -57.6% | 21.4% | 14.9% | - | 44.5% | -38.9% | 8.6% | - |
| Return on assets | 10.9% | - | 21.3% | 2.5% | 9.1% | - | 0.2% | 2.6% | 14.5% | - |
| Return on equity | 28.4% | - | 31.6% | 4.2% | 14.4% | - | 0.3% | 4.5% | 26.9% | - |
| Return on invested capital | - | - | 16.0% | 3.1% | 10.5% | - | 0.2% | 2.1% | 16.9% | - |
| Liquidity | ||||||||||
| Current ratio | 3.86 | 3.83 | 8.69 | 9.51 | 8.59 | 8.05 | 6.81 | 8.67 | 7.47 | 10.81 |
| Quick ratio | 3.86 | 3.83 | 8.69 | 9.51 | 8.59 | 8.05 | 6.81 | 8.67 | 7.47 | 10.81 |
| Cash ratio | 1.07 | 0.71 | 1.12 | 1.69 | 1.35 | 1.42 | 0.94 | 1.84 | 1.90 | 1.63 |
| Leverage | ||||||||||
| Debt / Equity | - | 0.00 | 0.26 | 0.35 | 0.38 | 0.41 | 0.48 | 0.53 | 0.59 | 0.86 |
| Debt / Assets | - | 0.00 | 0.17 | 0.21 | 0.24 | 0.25 | 0.28 | 0.30 | 0.32 | 0.26 |
| Debt / EBITDA | - | - | - | - | 2.12 | - | - | - | 1.91 | - |
| Interest coverage | 40.6x | - | 32.7x | 6.5x | 19.3x | - | 0.4x | 2.3x | 16.9x | - |
| Equity multiplier | 2.60 | 1.38 | 1.49 | 1.67 | 1.58 | 1.63 | 1.75 | 1.74 | 1.85 | 3.38 |
| Liabilities / Assets | 0.62 | 0.28 | 0.33 | 0.40 | 0.37 | 0.39 | 0.43 | 0.43 | 0.46 | 0.70 |
| Efficiency | ||||||||||
| Asset turnover | 0.30 | - | 0.35 | 0.36 | 0.34 | - | 0.34 | 0.32 | 0.31 | - |
| Inventory turnover | - | - | - | - | - | - | - | - | - | - |
| Days sales outstanding | - | - | - | - | - | - | - | - | - | - |
| Days inventory outstanding | - | - | - | - | - | - | - | - | - | - |
| Days payable outstanding | - | - | - | - | - | - | - | - | - | - |
| Cash conversion cycle | - | - | - | - | - | - | - | - | - | - |
| Valuation | ||||||||||
| P / E | 43.3x | - | 31.4x | 432.9x | 42.0x | - | 1332.0x | 64.5x | 14.3x | - |
| P / B | 12.3x | - | 9.9x | 18.0x | 6.1x | - | 3.6x | 2.9x | 3.8x | - |
| P / S | 15.8x | - | 19.2x | 29.6x | 11.2x | - | 6.0x | 5.1x | 6.6x | - |
| EV / EBITDA | 33.1x | - | - | - | 35.0x | - | - | - | 13.0x | - |
| Growth | ||||||||||
| Revenue growth (YoY) | 46.7% | - | 63.0% | 64.5% | 46.7% | - | 40.5% | 30.8% | 24.9% | - |
| Revenue CAGR (3y) | 39.0% | - | 38.4% | 52.4% | 46.4% | - | - | - | - | - |
| Revenue CAGR (5y) | - | - | - | - | - | - | - | - | - | - |
| Gross profit growth (YoY) | - | - | - | - | - | - | - | - | - | - |
| Operating income growth (YoY) | 107.2% | - | 6864.2% | 151.5% | -9.6% | - | - | - | - | - |
| Net income growth (YoY) | 101.1% | - | 19657.9% | 42.2% | -15.9% | - | - | - | - | - |
| EPS growth (YoY) | 104.1% | - | 21033.3% | 31.9% | -24.2% | - | - | - | - | - |
| EPS CAGR (3y) | - | - | - | - | - | - | - | - | - | - |
| EPS CAGR (5y) | - | - | - | - | - | - | - | - | - | - |
| FCF growth (YoY) | 81.4% | - | - | - | 146.6% | - | - | - | - | - |
| FCF CAGR (5y) | - | - | - | - | - | - | - | - | - | - |
| Book value growth (YoY) | 2.2% | 92.6% | 87.0% | 53.1% | 56.7% | 110.3% | 96.8% | 68.5% | 27.2% | -18.3% |
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%
Peer comparison
Same SIC group: Finance Services
Comparing Dave Inc./DE against the 5 most active filers in the same SIC group.