Saturday 17 October 2026
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Dave Inc.
DAVE Technology Software Application
Dave Inc.’s revenue for fiscal 2025 (year ended December 2025) was $554.2 million, up 59.7% from fiscal 2024. In the quarter to June 2026, revenue grew 29.6%, EPS fell 22.1%, free cash flow fell 1.03% and total debt rose 256.8%, each against the same quarter a year earlier. Revenue growth for three consecutive years, operating cash flow growth for three.
364.63
4.37
−1.18%
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Target Price Range
Analyst price targets
Free accountTen years at a glance Fiscal years to December
| Group | Line | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Trend | 2026e | 2027e | 2028e |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Price, $ | |||||||||||||||
| Price, $ | Low | — | — | — | — | — | 307.84 | 8.10 | 4.47 | 7.73 | 65.46 |
Analyst estimates 2026–2028 Powerpack |
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| High | — | — | — | — | — | 331.84 | 491.07 | 10.10 | 108.50 | 286.45 | |||||
| People | |||||||||||||||
| People | Employees | — | — | — | — | — | 254 | 320 | 285 | 274 | 280 | ||||
| Revenue/emp, $m | — | — | — | — | — | 0.60 | 0.64 | 0.91 | 1.27 | 1.98 | |||||
| Income, $m | |||||||||||||||
| Income, $m | Revenue | — | — | — | — | — | 153 | 205 | 259 | 347 | 554 | ||||
| Gross margin, % | — | — | — | — | — | 100.00 | 100.00 | 100.00 | 100.00 | 100.00 | |||||
| EBT | — | — | — | — | (1) | (20) | (129) | (48) | 60 | 168 | |||||
| EBT margin, % | — | — | — | — | 0.00 | (13.00) | (62.96) | (18.68) | 17.39 | 30.32 | |||||
| Net income | — | 0 | — | — | (1) | (20) | (129) | (49) | 58 | 196 | |||||
| Depreciation | — | — | — | — | — | 3 | 7 | 6 | 8 | 7 | |||||
| Per share, $ | |||||||||||||||
| Per share, $ | Revenue | — | — | — | — | 0.00 | 35.86 | 17.68 | 21.71 | 27.72 | 41.46 | ||||
| Earnings | — | — | — | — | (0.04) | (4.69) | (11.12) | (4.07) | 4.62 | 14.65 | |||||
| Cash flow | — | — | — | — | (0.01) | (0.13) | (3.87) | 2.83 | 9.99 | 21.70 | |||||
| Capex | — | — | — | — | 0.00 | (1.52) | (0.80) | (0.72) | (0.60) | (0.51) | |||||
| Free cash flow | — | — | — | — | (0.01) | (1.64) | (4.68) | 2.11 | 9.39 | 21.19 | |||||
| Book value | — | — | — | — | 7.74 | 9.08 | 9.20 | 7.29 | 14.62 | 26.39 | |||||
| Shares, m | — | — | — | — | 26 | 4 | 12 | 12 | 13 | 13 | |||||
| Valuation, × | |||||||||||||||
| Valuation, × | P/E | — | — | — | — | — | 0.00 | 0.00 | 0.00 | 18.65 | 15.17 | ||||
| P/S | — | — | — | — | — | 9.15 | 0.52 | 0.40 | 3.14 | 5.34 | |||||
| P/B | — | — | — | — | — | 36.12 | 1.01 | 1.18 | 5.94 | 8.39 | |||||
| EV/Sales | — | — | — | — | — | 9.25 | 0.46 | 0.49 | 3.09 | 5.26 | |||||
| EV/FCF | — | — | — | — | — | (201.73) | (1.72) | 5.09 | 9.13 | 10.29 | |||||
| Cash, $m | |||||||||||||||
| Cash, $m | Operating cash flow | — | — | — | — | 0 | (1) | (45) | 34 | 125 | 290 | ||||
| Capex | — | — | — | — | — | (6) | (9) | (9) | (8) | (7) | |||||
| Free cash flow | — | — | — | — | 0 | (7) | (54) | 25 | 118 | 283 | |||||
| Balance, $m | |||||||||||||||
| Balance, $m | Working capital | — | — | — | — | 1 | 32 | 272 | 251 | 247 | 323 | ||||
| Total debt | — | — | — | — | — | 57 | 178 | 181 | 75 | 75 | |||||
| Net debt | — | — | — | — | (1) | 16 | (14) | 25 | (15) | (46) | |||||
| Shareholders’ equity | — | — | — | — | 201 | 39 | 107 | 87 | 183 | 353 | |||||
| Returns, % | |||||||||||||||
| Returns, % | ROA | — | — | — | — | (0.96) | (11.23) | (55.01) | (15.76) | 19.51 | 49.79 | ||||
| ROIC | — | — | — | — | 0.00 | (53.11) | (90.57) | (23.52) | 12.87 | 38.05 | |||||
| ROE | — | — | — | — | (1.17) | (16.70) | (177.43) | (50.11) | 42.84 | 73.11 | |||||
Negative figures in brackets.
Fiscal years to Dec 2025 · latest quarter Jun 2026
Charts ten years each
Dave Inc. vs peers in Software Application (Q) = latest quarter vs a year earlier
| Company | Market cap | P/E | Fwd P/E | Revenue growth (Q) | EPS growth (Q) | FCF growth (Q) | Gross margin (Q) | EBIT margin (Q) | Compare |
|---|---|---|---|---|---|---|---|---|---|
| NIQ NIQ Global Intelligence plc | $5.6B | — (loss-making) | — (loss-making) | +8.01% (above 0%: growing) | n/m | +199.46% (above 0%: growing) | 55.52% | 5.81% | Compare |
| KVYO Klaviyo, Inc. | $5.2B | 918× | 237× | +26.43% (above 0%: growing) | n/m | +71.18% (above 0%: growing) | 72.62% | (4.04%) | Compare |
| DAVE Dave Inc. | $4.7B | 22.0× | 16.3× | +29.63% (above 0%: growing) | −22.06% (below 0%: shrinking) | −1.03% (below 0%: shrinking) | 100.00% | 30.59% | |
| CCC CCC Intelligent Solutions Holdings Inc. | $4.5B | 99.0× | 34.5× | +9.78% (above 0%: growing) | +100.00% (above 0%: growing) | +201.42% (above 0%: growing) | 73.67% | 16.66% | Compare |
| WK Workiva Inc. | $4.2B | 91.1× | 51.7× | +18.64% (above 0%: growing) | n/m | +58.20% (above 0%: growing) | 80.41% | 4.57% | Compare |
| BILL BILL Holdings, Inc. | $4.0B | — (loss-making) | 36.0× | +13.78% (above 0%: growing) | n/m | +40.99% (above 0%: growing) | 81.66% | (7.85%) | Compare |
| FSLY Fastly, Inc. | $4.0B | — (loss-making) | — (loss-making) | +23.27% (above 0%: growing) | n/m | −68.79% (below 0%: shrinking) | 63.25% | (7.87%) | Compare |
| MNDY monday.com Ltd. | $4.0B | 37.8× | 63.3× | +21.94% (above 0%: growing) | +166.67% (above 0%: growing) | −15.94% (below 0%: shrinking) | 88.30% | (0.42%) | Compare |
| QTWO Q2 Holdings, Inc. | $3.9B | 41.8× | 28.5× | +12.61% (above 0%: growing) | +152.63% (above 0%: growing) | +22.28% (above 0%: growing) | 59.25% | 13.35% | Compare |
| Median of peers | $4.1B | 91.1× | 43.9× | +16.21% | +152.63% | +49.60% | 73.14% | 2.07% |
Dave Inc. (DAVE) key facts
- Strength: Dave Inc.’s revenue for fiscal 2025 (year ended December 2025) was $554.2 million, up 59.7% from fiscal 2024.
- Dave Inc. (DAVE) is a Software Application company in the Technology sector, listed on Nasdaq.
- As of October 16, 2026, DAVE traded at $364.63, a market capitalization of $4.7 billion.
- Return on equity was 73.1% and debt-to-equity 1.29.
- Its Piotroski F-score is 6 out of 9 and its Altman Z-score is 16.50 (safe zone) for fiscal 2025.