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Dave Inc. (DAVE)
:DAVE
Earnings Data
Report Date
Aug 06, 2025TBA Not Confirmed
Period Ending
2025 (Q2)Consensus EPS Forecast
1.49Last Year’s EPS
1.01Same Quarter Last Year
Strong Buy
Based on 6 Analysts Ratings
Earnings Call Summary
Earnings Call Date:May 08, 2025
|% Change Since: 93.12%
|Next Earnings Date:Aug 06, 2025
Earnings Call Sentiment|Positive
The earnings call highlighted significant growth in revenue, ARPU, and member base, alongside improved credit performance, driven by a new fee structure and strategic partnerships. However, challenges such as increased customer acquisition costs, ongoing litigation with the DOJ, and higher credit loss provisions were noted. Despite these issues, the overall sentiment is positive due to the strong financial performance and strategic advancements.Company Guidance
In the recent earnings call, Dave Inc. announced a robust first quarter performance for fiscal year 2025, with record-setting results across key financial metrics. The company's total revenue reached $108 million, marking a 47% year-over-year increase, driven by a 13% rise in monthly transacting members (MTMs) to 2.5 million and a 29% boost in average revenue per user (ARPU) to $171. Adjusted EBITDA surged by 235% to $44.2 million, reflecting a $31 million year-over-year increase, largely due to operating leverage and improved credit performance facilitated by the Cash AI system. The company also reported a 46% year-over-year increase in ExtraCash originations to over $1.5 billion and a 24% rise in Dave Card spending, reaching $488 million. The transition to a new fee structure for ExtraCash, which involves a flat 5% fee, has positively impacted conversion, retention, and monetization, contributing to enhanced member lifetime value. Consequently, Dave has raised its full-year 2025 guidance for revenue to $460-$475 million and adjusted EBITDA to $155-$165 million, representing significant growth projections from previous estimates.Record-Breaking Revenue and Growth
Total revenue reached a record high of $108 million, representing year-over-year growth of 47%. Adjusted EBITDA grew 235% to $44.2 million, marking the largest dollar increase in company history.
Improved Credit Performance and Delinquency Rates
The 28-day delinquency rate improved by 33 basis points or 18% year-over-year to 1.5%, highlighting the strength of the CashAI underwriting engine.
Expansion in Member Base and ARPU
Total members grew 15% year-over-year to 12.4 million and ARPU expanded by 29% year-over-year, marking the seventh consecutive quarter of double-digit ARPU growth.
Positive Impact of New Fee Structure
The transition to a new fee structure resulted in better-than-expected improvements in conversion, retention, and monetization, significantly enhancing member lifetime value.
Successful Strategic Partnership Transition
A strategic partnership with Coastal Community Bank will support Dave's ExtraCash and banking products, expected to strengthen Dave's ability to launch new products.
DAVE Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
DAVE Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
May 08, 2025 | $107.83 | $152.73 | +41.64% |
Mar 03, 2025 | $95.03 | $90.38 | -4.89% |
Nov 12, 2024 | $62.80 | $90.43 | +44.00% |
Aug 05, 2024 | $30.58 | $31.21 | +2.06% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
FAQ
When does Dave Inc. (DAVE) report earnings?
Dave Inc. (DAVE) is schdueled to report earning on Aug 06, 2025, TBA Not Confirmed.
What is Dave Inc. (DAVE) earnings time?
Dave Inc. (DAVE) earnings time is at Aug 06, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is DAVE EPS forecast?
DAVE EPS forecast for the fiscal quarter 2025 (Q2) is 1.49.