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Recent Updates — DAVE

August 14, 2026View Source ↗

On August 12, 2026, Yadin Rozov resigned from the Board of Directors of Dave Inc. for personal reasons, effective immediately. The company stated that his departure was not related to any disagreements regarding operations or policies. This executive change is material as it alters the composition of the board. Dave Inc. operates in the financial technology industry, providing banking and lending services.

August 5, 2026View Source ↗

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.

June 2, 2026View Source ↗

Dave Inc. held its 2026 Annual Meeting of Stockholders on June 2, 2026, where stockholders elected Dan Preston as a Class II director and approved the company's executive compensation on an advisory basis. Stockholders also approved a one-year frequency for future advisory votes on executive compensation and ratified Deloitte & Touche LLP as the independent registered public accounting firm. The meeting reached a quorum with 22,436,216 votes, representing approximately 91.05% of the total voting power.