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Dave Inc./DE (DAVEW) stock analysis

DAVEWNasdaqFinance ServicesFiscal year ends December 31Also trades as DAVE
Financials through Q2 FY2026, quarter ended Jun 30, 2026Last filing: 10-Q on Aug 5, 2026Score 9/304% above fair value
$0.60−0.29 (-32.58%)

Close on Oct 30, 2026Market cap $4.04BP/E 20.5Yield –

StockData Score

Prices as of Oct 30, 2026How the score works

Value2Growth2Performance3Health2Dividend0

Mixed9 of 30 checks passed

Dave passes 9 of the 30 checks behind our score; 15 could not be run for lack of data and count as not passed. Each dot in the shape is one check — hover it for the numbers.

Valuation
2/6
Growth
2/6
Past performance
3/6
Financial health
2/6
Dividend
0/6

What stands out

  • Revenue growing 10%+ a year

    Revenue grew 39.3% a year over the last three fiscal years.

  • Low bankruptcy risk

    The Altman Z-score is 8.91; above 3 is the safe zone and below 1.8 the distress zone.

  • P/E below its 5-year median

    Dave's P/E of 20.5 is below its own 5-year median of 22.7.

  • EV/EBITDA below its 5-year median

    Dave's EV/EBITDA of 17.0 is below its 5-year median of 21.1.

What to watch

  • Margin of safety under 20%

    The price is 3.7% above fair value, so there is no margin of safety.

  • Trading above fair value

    The share price of $316.79 is above our fair value estimate of $305.37.

  • Return on equity under 15%

    Return on equity was 105% over the last twelve months and averaged -31.3% over five years; we look for 15% on both.

  • P/E above the industry

    Dave's P/E of 20.5 is above the Finance services median of 18.8.

Valuation2/6

  • P/E below its 5-year median

    Dave's P/E of 20.5 is below its own 5-year median of 22.7.

  • P/E above the industry

    Dave's P/E of 20.5 is above the Finance services median of 18.8.

  • EV/EBITDA below its 5-year median

    Dave's EV/EBITDA of 17.0 is below its 5-year median of 21.1.

  • P/B above the industry

    Dave's price-to-book of 19.44 is above the Finance services median of 1.04.

  • Trading above fair value

    The share price of $316.79 is above our fair value estimate of $305.37.

  • Margin of safety under 20%

    The price is 3.7% above fair value, so there is no margin of safety.

Growth2/6

  • Revenue growing 10%+ a year

    Revenue grew 39.3% a year over the last three fiscal years.

  • EPS growth over 3 years

    Needs positive EPS three years ago and today.

  • Earnings acceleration

    Needs positive net income now, a year ago and five years ago.

  • Growing faster than the industry

    Revenue grew 48.6% over the last twelve months; the Finance services median is 15.9%.

  • Guidance issued

    The latest outlook (FY 2026 GAAP Operating Revenues, Net, Mar 2, 2026) was issued for the first time, so it neither adds nor takes away points.

  • Gross margin trend

    This company does not report gross profit.

Past performance3/6

  • Return on equity under 15%

    Return on equity was 105% over the last twelve months and averaged -31.3% over five years; we look for 15% on both.

  • Return on invested capital

    Needs operating income and invested capital.

  • Return on equity above the industry

    Dave's return on equity of 105% is above the Finance services median of -34.6%.

  • Earnings over 5 years

    Needs positive net income five years ago and in the latest year.

  • Net margin above its 5-year average

    Net margin was 34.6% over the last twelve months, against a 5-year average of -8.5%.

  • Net margin above the industry

    Dave's net margin of 34.6% is above the Finance services median of -68.3%.

Financial health2/6

  • Debt level

    Needs debt and equity figures.

  • Debt trend

    Needs a balance sheet from five years ago with positive equity.

  • Debt coverage

    Needs operating cash flow.

  • Interest coverage

    Interest expense is not reported separately.

  • Short-term assets cover short-term debts

    Current assets are 4.22 times current liabilities.

  • Low bankruptcy risk

    The Altman Z-score is 8.91; above 3 is the safe zone and below 1.8 the distress zone.

Dividend0/6

  • No dividend

    Dave has not paid a dividend in the last twelve months.

  • Yield against Treasuries

    No dividend.

  • Yield against the market

    No dividend.

  • Dividend stability

    No dividend.

  • Earnings cover

    No dividend.

  • Cash-flow cover

    No dividend.

Scores of similar companies

Fair value

How we estimate it

Our estimate per share

$305.37

The share price is 4% above this estimate.

20%+ below
Near fair value
20%+ above
$316.79Price
MethodMultiple usedOwn 5Y medianIndustry medianValue per shareWeight
P/E20.7×22.7×18.8×$318.6753%
EV/EBITDA15.5×21.1×10.5×$290.1747%
Earnings powerleft out, too far from the others15.0% cost of equity––$78.09–
Fair value$305.37100%

Valuation over time

Using the earnings and balance sheet published at each date, not today's.

  • P/E at month end
  • Own 5-year median 22.7
  • Finance services median 18.8

An estimate from reported numbers and market multiples, not a price target or investment advice. It can be far off for companies whose profits are about to change sharply.

Market risk

From the past year of daily prices.

Liquidity

Low risk

Average value traded per day
$101.22M
Value traded per 1% price move
$35.06M

Downside

High risk

Typical loss in a bad month
26.4%
Volatility (annualized)
70%
Sharpe ratio, 1 year
0.36
Beta to the S&P 500 (5Y)
2.09

Typical bad-month loss, week by week

25%: high

Margins

Share of revenue, fiscal years 2020 to 2025

Net margin

35.3%