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DAVE Home Investment Highlights Valuation, Metrics & Events Price Chart Why The Stock Moved Return vs. Risk About DAVE Interactive Breakdown Better Bets vs. DAVE Latest Trefis Analyses Trade Ideas More From Trefis Peer Comparisons FDIC Bank Data FDA Approved Drugs Data Financials Segment Financials Price Behavior Short Interest Earnings Returns History SEC Filings Insider Activity Trade Sentinel Industry Resource Links External Quote Links

Dave (DAVE)

Market Price (3/15/2026): $210.15 | Market Cap: $2.8 Bil
Sector: Information Technology | Industry: Application Software

Dave (DAVE)

Market Price (3/15/2026): $210.15
Market Cap: $2.8 Bil
Sector: Information Technology
Industry: Application Software

Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.

0 Attractive yield
Total YieldTotal Yield = Earnings Yield + Dividend Yield, Earnings Yield = Net Income / Market Cap Dividend Yield = Total Dividends / Market Cap is 6.8%, FCF Yield is 9.9%		 Stock price has recently run up significantly
12M Rtn12 month market price return is 146%
1 Strong revenue growth
Rev Chg LTMRevenue Change % Last Twelve Months (LTM) is 60%		 
2 Attractive operating margins
Op Mgn LTMOperating Margin = Operating Income / Revenue Reflects profitability before taxes and before impact of capital structure (interest payments). is 34%		 
3 Attractive cash flow generation
CFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 52%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is 51%		 
4 Megatrend and thematic drivers
Megatrends include Fintech & Digital Payments. Themes include Online Banking & Lending, and Digital Payments. 		 
0 Attractive yield
Total YieldTotal Yield = Earnings Yield + Dividend Yield, Earnings Yield = Net Income / Market Cap Dividend Yield = Total Dividends / Market Cap is 6.8%, FCF Yield is 9.9%
1 Strong revenue growth
Rev Chg LTMRevenue Change % Last Twelve Months (LTM) is 60%
2 Attractive operating margins
Op Mgn LTMOperating Margin = Operating Income / Revenue Reflects profitability before taxes and before impact of capital structure (interest payments). is 34%
3 Attractive cash flow generation
CFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 52%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is 51%
4 Megatrend and thematic drivers
Megatrends include Fintech & Digital Payments. Themes include Online Banking & Lending, and Digital Payments.
5 Stock price has recently run up significantly
12M Rtn12 month market price return is 146%

Valuation, Metrics & Events

Price Chart

Why The Stock Moved

Qualitative Assessment

AI Analysis | Feedback

Dave (DAVE) stock has lost about 5% since 11/30/2025 because of the following key factors:

1. Strong Financial Performance Exceeding Expectations.

Dave reported robust fourth-quarter and full-year 2025 results that surpassed analyst expectations. For Q4 2025, revenue increased 62% year-over-year to $163.7 million, exceeding consensus estimates, and net income grew 292% to $66.0 million. The company's full-year 2025 revenue reached $554.2 million, up 60% year-over-year, significantly outperforming its original guidance. This solid financial performance likely provided a floor for the stock price, preventing a significant decline.

2. Positive 2026 Outlook and Continued Growth Strategy.

The company provided an optimistic outlook for 2026, projecting revenue between $690 million and $710 million, representing 25% to 28% year-over-year growth, and adjusted EBITDA of $290 million to $305 million. This guidance is underpinned by an expected mid-teens growth in monthly transacting members and low double-digit average revenue per user (ARPU) expansion, driven by the continued effectiveness of its AI-driven CashAI underwriting system. This positive forward-looking sentiment helped maintain investor confidence and supported the stock's valuation.

Show more

Stock Movement Drivers

Fundamental Drivers

The -2.9% change in DAVE stock from 11/30/2025 to 3/14/2026 was primarily driven by a -26.9% change in the company's P/E Multiple.
(LTM values as of)113020253142026Change
Stock Price ($)218.26212.02-2.9%
Change Contribution By: 
Total Revenues ($ Mil)49155412.8%
Net Income Margin (%)29.9%35.3%18.3%
P/E Multiple20.014.6-26.9%
Shares Outstanding (Mil)1314-0.4%
Cumulative Contribution-2.9%

LTM = Last Twelve Months as of date shown

Market Drivers

11/30/2025 to 3/14/2026
ReturnCorrelation
DAVE-2.9% 
Market (SPY)-3.1%45.0%
Sector (XLK)-4.4%44.8%

Fundamental Drivers

The -0.6% change in DAVE stock from 8/31/2025 to 3/14/2026 was primarily driven by a -71.7% change in the company's P/E Multiple.
(LTM values as of)83120253142026Change
Stock Price ($)213.22212.02-0.6%
Change Contribution By: 
Total Revenues ($ Mil)43355428.0%
Net Income Margin (%)12.7%35.3%177.7%
P/E Multiple51.714.6-71.7%
Shares Outstanding (Mil)1314-1.1%
Cumulative Contribution-0.6%

LTM = Last Twelve Months as of date shown

Market Drivers

8/31/2025 to 3/14/2026
ReturnCorrelation
DAVE-0.6% 
Market (SPY)3.0%52.1%
Sector (XLK)4.4%46.4%

Fundamental Drivers

The 110.6% change in DAVE stock from 2/28/2025 to 3/14/2026 was primarily driven by a 173.7% change in the company's Net Income Margin (%).
(LTM values as of)22820253142026Change
Stock Price ($)100.66212.02110.6%
Change Contribution By: 
Total Revenues ($ Mil)31955473.5%
Net Income Margin (%)12.9%35.3%173.7%
P/E Multiple30.814.6-52.6%
Shares Outstanding (Mil)1314-6.5%
Cumulative Contribution110.6%

LTM = Last Twelve Months as of date shown

Market Drivers

2/28/2025 to 3/14/2026
ReturnCorrelation
DAVE110.6% 
Market (SPY)12.4%47.8%
Sector (XLK)21.9%47.3%

Fundamental Drivers

The 2421.0% change in DAVE stock from 2/28/2023 to 3/14/2026 was primarily driven by a 878.7% change in the company's P/S Multiple.
(LTM values as of)22820233142026Change
Stock Price ($)8.41212.022421.0%
Change Contribution By: 
Total Revenues ($ Mil)186554197.4%
P/S Multiple0.55.2878.7%
Shares Outstanding (Mil)1214-13.4%
Cumulative Contribution2421.0%

LTM = Last Twelve Months as of date shown

Market Drivers

2/28/2023 to 3/14/2026
ReturnCorrelation
DAVE2421.0% 
Market (SPY)73.4%32.8%
Sector (XLK)104.5%28.3%

Return vs. Risk

Price Returns Compared

 202120222023202420252026Total [1]
Returns
DAVE Return5%-97%-10%937%155%1%-29%
Peers Return108%-79%183%54%10%-26%54%
S&P 500 Return27%-19%24%23%16%-1%80%

Monthly Win Rates [3]
DAVE Win Rate78%33%33%75%58%67% 
Peers Win Rate46%23%52%46%52%33% 
S&P 500 Win Rate75%42%67%75%67%33% 

Max Drawdowns [4]
DAVE Max Drawdown-1%-97%-51%-1%-19%-30% 
Peers Max Drawdown-16%-80%-15%-37%-45%-31% 
S&P 500 Max Drawdown-1%-25%-1%-2%-15%-2% 

[1] Cumulative total returns since the beginning of 2021
[2] Peers: CHYM, SOFI, AFRM, UPST, LC.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2026 data is for the year up to 3/13/2026 (YTD)

How Low Can It Go

Unique KeyEventDAVES&P 500
2022 Inflation Shock2022 Inflation Shock  
2022 Inflation Shock% Loss% Loss-99.0%-25.4%
2022 Inflation Shock% Gain to Breakeven% Gain to Breakeven9968.2%34.1%
2022 Inflation ShockTime to BreakevenTime to BreakevenNot Fully Recovered days464 days

Compare to CHYM, SOFI, AFRM, UPST, LC

In The Past

Dave's stock fell -99.0% during the 2022 Inflation Shock from a high on 2/1/2022. A -99.0% loss requires a 9968.2% gain to breakeven.

Preserve Wealth

Limiting losses and compounding gains is essential to preserving wealth.

Asset Allocation

Actively managed asset allocation strategies protect wealth. Learn more.

About Dave (DAVE)

Dave Inc. provides a suite of financial products and services through its financial service online platform. The company offers Insights, a personal financial management tool to manage income and expenses between paychecks for members; ExtraCash, a free overdraft and short-term credit alternative, which allows members to advance funds to their account and avoid a fee; and Side Hustle, a job application portal. It also provides Dave Banking, a digital checking and demand deposit account. The company was founded in 2015 and is based in West Hollywood, California.

AI Analysis | Feedback

Here are 1-3 brief analogies for Dave (DAVE):

1. Chime for managing cash flow and avoiding overdrafts.

2. Like Chime, but with tools to help you find extra income.

AI Analysis | Feedback

  • Insights: A personal financial management tool for tracking income and expenses.
  • ExtraCash: A free overdraft and short-term credit alternative for advancing funds.
  • Side Hustle: A job application portal.
  • Dave Banking: A digital checking and demand deposit account.

AI Analysis | Feedback

Customer Categories for Dave Inc. (DAVE)

Dave Inc. primarily sells its financial products and services directly to individuals. Based on the services it offers, its customer base can be categorized as follows:
  • Individuals seeking short-term liquidity and overdraft protection: This category includes members who utilize the "ExtraCash" feature to receive cash advances and avoid traditional bank overdraft fees, often reflecting a need for managing unexpected expenses or bridging gaps between paychecks.
  • Individuals focused on personal financial management and budgeting: These customers use the "Insights" tool to track their income and expenses, manage their money more effectively between paychecks, and gain better control over their financial health.
  • Individuals looking for supplementary income or employment opportunities: This segment consists of members who leverage the "Side Hustle" portal to find part-time jobs, gig work, or new employment to augment their income.

AI Analysis | Feedback

  • Evolve Bank & Trust
  • Galileo Financial Technologies, LLC (SoFi Technologies Inc. (SOFI))

AI Analysis | Feedback

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AI Analysis | Feedback

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AI Analysis | Feedback

  • Traditional financial institutions (banks) increasingly offering their own low-to-no-fee short-term cash advance products or overdraft alternatives. Many major banks are already piloting or rolling out such features, directly competing with Dave's core ExtraCash offering and potentially leveraging their existing customer base and trust.
  • The widespread adoption of employer-sponsored Earned Wage Access (EWA) solutions as a free employee benefit. If employers offer direct, free access to earned wages before payday, it provides a highly convenient and integrated alternative to third-party cash advance apps like Dave, potentially diminishing the need for ExtraCash.

AI Analysis | Feedback

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AI Analysis | Feedback

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AI Analysis | Feedback

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Better Bets vs. Dave (DAVE)

Latest Trefis Analyses

TitleDate
0DASHBOARDS 
1DAVE Stock Surges 32% With An 8-day Winning Spree On Record Q4 Earnings Beat03/06/2026
2DAVE Stock Surges 27% With A 7-day Winning Spree On Record Revenue Guidance03/05/2026
3DAVE Stock Surges 26% With A 6-day Winning Spree On Record Revenue Outlook03/04/2026
4Is 25.8% Fall In Dave (DAVE) Stock A Buying Opportunity?01/28/2026
5Dave Earnings Notes12/29/2026
6Is 24.2% Fall In Dave (DAVE) Stock A Buying Opportunity?11/18/2025
7Can Dave Stock Hold Up When Markets Turn?10/17/2025
8Is The 24.1% Decline In Dave (DAVE) Stock A Dip Buying Opportunity?08/22/2025
9Better Bet Than DAVE Stock: Pay Less Than Dave To Get More From CALM, PTCT 08/12/2025
10ARTICLES 
11Dave Stock To $232?01/28/2026
12Dave Stock To $256?11/18/2025
13After SHOP’s 6.2% Climb in a Day, DAVE Looks Like the Stronger Long-Term Play09/30/2025
14Has DAVE Stock Become A Bargain After Dropping 24%?08/21/2025
15DAVE Stock Down 25%, Is It Time To Buy The Dip?08/08/2025
Title
0DASHBOARDS
1DAVE Stock Surges 32% With An 8-day Winning Spree On Record Q4 Earnings Beat
2DAVE Stock Surges 27% With A 7-day Winning Spree On Record Revenue Guidance
3DAVE Stock Surges 26% With A 6-day Winning Spree On Record Revenue Outlook
4Is 25.8% Fall In Dave (DAVE) Stock A Buying Opportunity?
5Dave Earnings Notes
6Is 24.2% Fall In Dave (DAVE) Stock A Buying Opportunity?
7Can Dave Stock Hold Up When Markets Turn?
8Is The 24.1% Decline In Dave (DAVE) Stock A Dip Buying Opportunity?
9Better Bet Than DAVE Stock: Pay Less Than Dave To Get More From CALM, PTCT 
10ARTICLES
11Dave Stock To $232?
12Dave Stock To $256?
13After SHOP’s 6.2% Climb in a Day, DAVE Looks Like the Stronger Long-Term Play
14Has DAVE Stock Become A Bargain After Dropping 24%?
15DAVE Stock Down 25%, Is It Time To Buy The Dip?

Trade Ideas

Select ideas related to DAVE.

Unique KeyDateTickerCompanyCategoryTrade Strategy6M Fwd Rtn12M Fwd Rtn12M Max DD
BMI_2282026_Insider_Buying_45D_2Buy_200K02282026BMIBadger MeterInsiderInsider Buys 45DStrong Insider Buying
Companies with multiple insider buys in the last 45 days		0.0%0.0%0.0%
VRNS_2282026_Insider_Buying_45D_2Buy_200K02282026VRNSVaronis SystemsInsiderInsider Buys 45DStrong Insider Buying
Companies with multiple insider buys in the last 45 days		0.0%0.0%0.0%
ITRI_2272026_Dip_Buyer_FCFYield02272026ITRIItronDip BuyDB | FCFY OPMDip Buy with High FCF Yield and High Margin
Buying dips for companies with high FCF yield and meaningfully high operating margin		0.0%0.0%0.0%
FSLR_2272026_Dip_Buyer_ValueBuy02272026FSLRFirst SolarDip BuyDB | P/E OPMDip Buy with Low PE and High Margin
Buying dips for companies with tame PE and meaningfully high operating margin		0.0%0.0%0.0%
PEGA_2272026_Dip_Buyer_ValueBuy02272026PEGAPegasystemsDip BuyDB | P/E OPMDip Buy with Low PE and High Margin
Buying dips for companies with tame PE and meaningfully high operating margin		0.0%0.0%0.0%

Recent Active Movers

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Research & Analysis

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Wealth Management

Peer Comparisons

Peers to compare with:

Financials

DAVECHYMSOFIAFRMUPSTLCMedian
NameDave Chime Fi.SoFi Tec.Affirm Upstart LendingC. 
Mkt Price212.0220.6117.7646.8826.3613.8023.48
Mkt Cap2.97.821.715.72.61.65.3
Rev LTM5542,1873,6133,7161,0249991,605
Op Inc LTM187-1,040-666--187
FCF LTM28324-3,994619-166-2,867-71
FCF 3Y Avg142--4,208422-38-2,251-38
CFO LTM29053-3,742833-148-2,727-47
CFO 3Y Avg150--4,030594-24-2,166-24

Growth & Margins

DAVECHYMSOFIAFRMUPSTLCMedian
NameDave Chime Fi.SoFi Tec.Affirm Upstart LendingC. 
Rev Chg LTM59.7%30.7%38.3%32.7%62.8%26.9%35.5%
Rev Chg 3Y Avg40.0%-32.1%36.1%15.7%-3.1%32.1%
Rev Chg Q62.4%25.5%39.6%29.6%30.7%22.7%30.2%
QoQ Delta Rev Chg LTM12.8%5.9%8.8%7.4%6.8%5.2%7.1%
Op Mgn LTM33.7%-47.6%-17.9%--17.9%
Op Mgn 3Y Avg9.1%---4.5%--2.3%
QoQ Delta Op Mgn LTM4.5%1.5%-2.3%--2.3%
CFO/Rev LTM52.3%2.4%-103.6%22.4%-14.4%-273.0%-6.0%
CFO/Rev 3Y Avg33.8%--163.1%19.7%-2.3%-246.4%-2.3%
FCF/Rev LTM51.1%1.1%-110.5%16.7%-16.2%-287.1%-7.6%
FCF/Rev 3Y Avg31.6%--169.4%13.4%-4.2%-255.7%-4.2%

Valuation

DAVECHYMSOFIAFRMUPSTLCMedian
NameDave Chime Fi.SoFi Tec.Affirm Upstart LendingC. 
Mkt Cap2.97.821.715.72.61.65.3
P/S5.23.66.04.22.51.63.9
P/EBIT16.4-7.5-21.5--16.4
P/E14.6-7.845.155.548.011.729.9
P/CFO9.9148.4-5.818.8-17.4-0.64.6
Total Yield6.8%-12.9%2.2%1.8%2.1%8.5%2.1%
Dividend Yield0.0%0.0%0.0%0.0%0.0%0.0%0.0%
FCF Yield 3Y Avg15.0%--32.3%1.9%-1.4%-134.3%-1.4%
D/E0.00.00.10.60.70.00.1
Net D/E-0.0-0.1-0.20.40.5-0.6-0.1

Returns

DAVECHYMSOFIAFRMUPSTLCMedian
NameDave Chime Fi.SoFi Tec.Affirm Upstart LendingC. 
1M Rtn24.6%6.6%-8.0%-5.8%-12.7%-9.2%-6.9%
3M Rtn7.3%-21.3%-34.9%-30.3%-46.6%-30.7%-30.5%
6M Rtn-7.6%-12.9%-33.1%-43.6%-58.2%-17.3%-25.2%
12M Rtn145.7%-44.5%46.9%-6.4%-45.7%27.0%10.3%
3Y Rtn3,045.7%-44.5%228.3%376.4%73.8%96.6%162.4%
1M Excs Rtn27.4%2.2%-11.2%-14.7%-18.0%-15.1%-12.9%
3M Excs Rtn9.3%-20.6%-32.8%-32.2%-44.4%-28.6%-30.4%
6M Excs Rtn-8.6%-16.8%-34.4%-45.3%-60.5%-20.4%-27.4%
12M Excs Rtn125.4%-65.5%28.0%-25.0%-67.9%7.4%-8.8%
3Y Excs Rtn2,657.2%-114.2%104.8%216.7%-20.1%-13.4%45.7%

Comparison Analyses

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Financials

Segment Financials

Revenue by Segment
$ Mil2025202420232022
Single segment347259  
ATM revenue, net  3 
Interchange revenue, net  11 
Other  3 
Processing fees, net  107 
Subscriptions  19 
Tips  62 
Total347259205 


Net Income by Segment
$ Mil2025202420232022
Single segment58-49  
Total58-49  


Assets by Segment
$ Mil2025202420232022
Single segment   255
Total   255


Price Behavior

Price Behavior
Market Price$212.02 
Market Cap ($ Bil)2.9 
First Trading Date04/26/2021 
Distance from 52W High-24.2% 
   50 Days200 Days
DMA Price$194.36$210.43
DMA Trendupdown
Distance from DMA9.1%0.8%
 3M1YR
Volatility72.1%85.6%
Downside Capture225.20228.83
Upside Capture315.78284.78
Correlation (SPY)45.2%46.7%
DAVE Betas & Captures as of 2/28/2026

 1M2M3M6M1Y3Y
Beta4.143.393.443.382.162.07
Up Beta8.068.407.364.671.902.14
Down Beta-0.670.770.812.631.871.75
Up Capture639%275%379%435%857%7603%
Bmk +ve Days9203170142431
Stock +ve Days11223363137394
Down Capture291%335%327%261%155%111%
Bmk -ve Days12213054109320
Stock -ve Days10192861113352

[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
Based On 1-Year Data
Annualized
Return		Annualized
Volatility		Sharpe
Ratio		Correlation
with DAVE
DAVE138.6%85.7%1.38-
Sector ETF (XLK)30.0%26.8%0.9546.7%
Equity (SPY)19.6%18.9%0.8147.1%
Gold (GLD)71.9%26.3%2.05-7.2%
Commodities (DBC)19.3%17.3%0.8912.3%
Real Estate (VNQ)6.2%16.3%0.1926.7%
Bitcoin (BTCUSD)-15.3%44.2%-0.2534.6%

Smart multi-asset allocation framework can stack odds in your favor. Learn How
Based On 5-Year Data
Annualized
Return		Annualized
Volatility		Sharpe
Ratio		Correlation
with DAVE
DAVE-9.0%99.4%0.34-
Sector ETF (XLK)17.7%24.7%0.6429.4%
Equity (SPY)13.1%17.0%0.6131.6%
Gold (GLD)24.1%17.3%1.14-1.4%
Commodities (DBC)11.2%19.0%0.472.7%
Real Estate (VNQ)4.8%18.8%0.1621.1%
Bitcoin (BTCUSD)6.3%56.7%0.3314.5%

Smart multi-asset allocation framework can stack odds in your favor. Learn How
Based On 10-Year Data
Annualized
Return		Annualized
Volatility		Sharpe
Ratio		Correlation
with DAVE
DAVE-4.6%99.4%0.34-
Sector ETF (XLK)21.8%24.2%0.8229.4%
Equity (SPY)14.5%17.9%0.7031.6%
Gold (GLD)14.4%15.6%0.77-1.4%
Commodities (DBC)8.6%17.6%0.402.7%
Real Estate (VNQ)5.6%20.7%0.2321.1%
Bitcoin (BTCUSD)67.4%66.8%1.0714.5%

Smart multi-asset allocation framework can stack odds in your favor. Learn How

Short Interest

Short Interest: As Of Date2272026
Short Interest: Shares Quantity1.1 Mil
Short Interest: % Change Since 2152026-10.8%
Average Daily Volume0.4 Mil
Days-to-Cover Short Interest2.7 days
Basic Shares Quantity13.5 Mil
Short % of Basic Shares8.5%

Returns Analyses

Earnings Returns History

Expand for More
 Forward Returns
Earnings Date1D Returns5D Returns21D Returns
3/2/20264.9%11.3% 
11/4/2025-2.3%2.9%-12.5%
8/6/2025-17.9%-22.7%-18.1%
3/3/2025-4.9%-13.8%-11.0%
11/5/202421.8%66.8%134.9%
8/6/20242.1%0.1%20.5%
3/5/202464.4%53.7%71.2%
11/7/20232.9%1.9%15.6%
...
SUMMARY STATS   
# Positive776
# Negative666
Median Positive4.9%4.9%18.1%
Median Negative-7.4%-14.3%-21.8%
Max Positive64.4%66.8%134.9%
Max Negative-17.9%-38.5%-52.8%

SEC Filings

Expand for More
Report DateFiling DateFiling
12/31/202503/02/202610-K
09/30/202511/04/202510-Q
06/30/202508/06/202510-Q
03/31/202505/08/202510-Q
12/31/202403/04/202510-K
09/30/202411/12/202410-Q
06/30/202408/06/202410-Q
03/31/202405/07/202410-Q
12/31/202303/05/202410-K
09/30/202311/07/202310-Q
06/30/202308/08/202310-Q
03/31/202305/09/202310-Q
12/31/202203/13/202310-K
09/30/202211/14/202210-Q
06/30/202208/22/202210-Q
03/31/202205/13/202210-Q

Insider Activity

Expand for More
#OwnerTitleHoldingActionFiling DatePriceSharesTransacted
Value		Value of
Held Shares		Form
1Khan, Imran Proem Special Situations Fund I, LPSell12192025204.001,146  Form
2Khan, Imran Proem Investments Master Fund LPSell12192025199.3416,6453,318,064427,391Form
3Khan, Imran Proem Special Situations Fund I, LPSell12192025199.3316,6253,313,859420,586Form
4Khan, Imran Proem Investments Master Fund LPSell12192025201.642,144  Form
5Khan, Imran Proem Special Situations Fund I, LPSell12192025198.77964191,613227,789Form

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