DAVENasdaqFinance ServicesFiscal year ends December 31Also trades as DAVEW
Dave Inc./DE
Financials through Q2 FY2026, quarter ended Jun 30, 2026Last filing: 10-Q on Aug 5, 2026
$359.46−7.94 (-2.16%)
Close on Oct 19, 2026
- Market cap
- $4.92B
- P/E (TTM)
- 23.3
- Dividend yield
- –
Margins
Share of revenue, fiscal years 2020 to 2025
Net margin
35.3%
Growth rates
Compound annual growth to fiscal 2025
| Per year | 1 year | 3 years | 5 years | 10 years | Five-year pace |
|---|---|---|---|---|---|
| Revenue | +59.7% | +39.3% | – | – | |
| Net income | +238.4% | – | – | – | |
| EPS, diluted | +222.9% | – | – | – | |
| Free cash flow | +132.0% | – | – | – |
Returns and balance sheet
6 fiscal years. Hover a measure to see how it is calculated.
| Measure | FY2020 | FY2020 | FY2025 | Trend |
|---|---|---|---|---|
| Return on equity | – | – | 73.1% | |
| Return on assets | – | – | 49.8% | |
| Current ratio | – | – | 3.83 | |
| Debt to equity | – | – | 0.00 | |
| Capex to revenue | – | – | 0.1% | |
| Diluted shares | – | – | 14M |
Where the cash went
Fiscal 2021 to 2025, five years combined
Dave generated $494.34M from operations and spent $46.63M on capital expenditure, dividends and share buybacks. 5% of that went back into the business.
Generated
$494.34M
Used
$46.63M
Capital expenditure$2.37M5%Dividends$00%Share buybacks$44.27M95%
DuPont analysis
Return on equity split into margin, efficiency and leverage
Net margin35.3%
×Asset turnover1.41×
×Equity multiplier1.47×
=Return on equity, FY202573.1%
| Fiscal year | Net margin | Asset turnover | Equity multiplier | Return on equity |
|---|---|---|---|---|
| FY2025 | 35.3% | 1.41× | 1.47× | 73.1% |
| FY2024 | 16.7% | 1.17× | 2.20× | 42.8% |
| FY2023 | -18.7% | 0.84× | 3.18× | -50.1% |
| FY2022 | -62.9% | 0.87× | 3.23× | -177.4% |
Piotroski F-Score
Nine tests of profitability, balance sheet and efficiency, fiscal 2025 against fiscal 2024
6of 8 tests passed in fiscal 2025. Some tests lack the figures they need.
- ProfitableNet income above zero$195.87M
- Cash generatingOperating cash flow above zero$290.02M
- Return on assets improvedROA up on the prior year19.7% → 65.4%
- Earnings backed by cashOperating cash flow above net income$290.02M vs $195.87M
- Less leverageLong-term debt to assets fell25.1% → 0.0%
- Better liquidityCurrent ratio rose8.05 → 3.83
- No dilutionShare count did not rise14M → 14M
- Gross margin improvedGross margin up on the prior year– → –
- More efficientAsset turnover rose1.18 → 1.85