Quarterly ResultAug 5, 2026, 04:21 PM
Dave Q2 Revenue +30% to $170.8M; Raises FY26 Guidance
AI Summary
Dave Inc. reported strong second quarter 2026 financial results, with revenue growing 30% year-over-year to $170.8 million and Adjusted EBITDA increasing 48% to $75.5 million. The company also saw significant operational improvements, including a 17% rise in Monthly Transacting Members to 3.08 million and a 27% increase in ExtraCash originations to $2.3 billion. Based on this performance and product roadmap, Dave Inc. raised its full-year 2026 guidance for revenue, Adjusted EBITDA, and Adjusted Diluted EPS.
Key Highlights
- Q2 2026 revenue increased 30% year-over-year to $170.8 million.
- Q2 2026 Adjusted EBITDA rose 48% year-over-year to $75.5 million, achieving a 44% margin.
- Q2 2026 Adjusted Net Income per Diluted Share was $4.12, up 48% year-over-year.
- Full-year 2026 revenue guidance raised to $725-$735 million, representing 31%-33% growth.
- Full-year 2026 Adjusted EBITDA guidance raised to $315-$325 million.
- Monthly Transacting Members (MTMs) grew 17% to 3.08 million.
- ExtraCash originations increased 27% to $2.3 billion.
- Cash, cash equivalents, and investments totaled $254.4 million as of June 30, 2026.
Price Impact
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