Quarterly ResultMay 5, 2026, 04:23 PM
Dave Q1 Revenue $158.4M (+47%); Net Income $57.9M (+101%); Raises FY26 Guidance
AI Summary
Dave Inc. reported strong first quarter 2026 financial results, with revenue growing 47% to $158.4 million and net income increasing 101% to $57.9 million. The company achieved a record low 28-Day Past Due rate of 1.69% and expanded net monetization to 5.1%. Based on this outperformance, Dave raised its full-year 2026 guidance for revenue, Adjusted EBITDA, and Adjusted Diluted EPS, while also deploying $195 million in share repurchases.
Key Highlights
- Q1 Revenue grew 47% year-over-year to $158.4 million.
- Q1 Net Income increased 101% year-over-year to $57.9 million.
- Q1 Adjusted EBITDA rose 57% year-over-year to $69.3 million.
- Raised full-year 2026 GAAP Operating Revenues guidance to $710-$720 million.
- Raised full-year 2026 Adjusted EBITDA guidance to $305-$315 million.
- Deployed approximately $195 million in share repurchase activity.
- Monthly Transacting Members (MTMs) increased 18% to 2.99 million.
- 28-Day Past Due rate reached a record Q1 low of 1.69%.
Price Impact
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