Dave Inc./DE

Dave Inc. reported strong financial growth for the first half of 2026, with total operating revenues increasing 37.3% to $329.2 million and net income rising 70.7% to $64.6 million. However, Q2 2026 net income saw a 26.0% decrease to $6.7 million despite a 29.6% increase in revenues to $170.8 million for the quarter. The company also launched Dave Flex, a new installment credit card product, and significantly increased its cash position while issuing convertible notes and repurchasing Class A common stock.

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.

Dave Inc. announced it will host a conference call on Wednesday, August 5, 2026, at 5:00 p.m. Eastern time. The purpose of the call is to discuss the company's financial results for the second quarter ended June 30, 2026. Dave management will lead the call, which will include a question-and-answer session, and a replay will be available on the company's investor relations website.

Dave Inc. announced its inclusion in the S&P SmallCap 600 Index, effective prior to the opening of trading on Monday, June 1, 2026. The S&P SmallCap 600 Index tracks companies that meet specific inclusion criteria for performance, liquidity, and market capitalization. CEO Jason Wilk highlighted that this milestone reflects the team's hard work and member trust, further reinforcing the company's growth strategy.

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.

Dave Inc. reported strong financial results for the first quarter of 2026, with total operating revenues increasing by 46.7% to $158.4 million and net income more than doubling to $57.9 million. Basic net income per share also saw a significant rise to $4.31. The company generated substantial operating cash flow, while also undertaking significant Class A common stock repurchases and issuing convertible notes to bolster its capital structure.

Dave Inc. announced it will host a conference call on Tuesday, May 5, 2026, at 5:00 p.m. Eastern time to discuss its financial results for the first quarter ended March 31, 2026. The company plans to report its Q1 2026 results in a press release on the same day, prior to the conference call. Dave management will host the call, which will include a question-and-answer period, and a webcast and replay will be available.