Earnings ·
Dave Inc. reported financial results for the quarter ended June 30, 2026, with GAAP operating revenues increasing 30%…
DAVEDave Inc.
Dave Inc. reported financial results for the quarter ended June 30, 2026, with GAAP operating revenues increasing 30% year-over-year to $170.8 million. Net income was $6.7 million, which included $36.9 million in non-cash warrant and earnout remeasurement charges; adjusted EBITDA rose 48% to $75.5 million with a 44% margin. The company raised its full-year 2026 guidance for revenue to $725–$735 million, adjusted EBITDA to $315–$325 million, and adjusted diluted EPS to $17.00–$17.50. Operating highlights included a 32% increase in new members to 951,000, monthly transacting members growing 17% to 3.08 million, and ExtraCash originations increasing 27% to $2.3 billion. The company operates in the fintech industry as a neobank providing innovative credit products.