Dave Inc. Reports Exceptional Q1 Results, Raises Full-Year Guidance, and Executes Substantial Share Buyback
DAVE has more than doubled off its 52-week low of $102.115.
Summary
Dave Inc. reported exceptionally strong Q1 2026 financial results, including 47% revenue growth and 101% net income growth, leading to a significant raise in full-year guidance and the execution of a substantial $195 million share repurchase program.
Key Events · Earnings and Guidance · DAVE
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Strong Q1 Financial Performance
Q1 2026 revenue grew 47% year-over-year to $158.4 million, with net income increasing 101% to $57.9 million and Adjusted EBITDA up 57% to $69.3 million.
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Raised Full-Year 2026 Guidance
The company raised its full-year 2026 guidance for GAAP Operating Revenues to $710-$720 million, Adjusted EBITDA to $305-$315 million, and Adjusted Net Income per Diluted Share to $16.25-$16.75.
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Record Credit Quality and Monetization
The 28-Day Past Due rate reached a record Q1 low of 1.69%, while Net Monetization expanded to 5.1%, its highest level in over four years.
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Significant Share Repurchase Activity
Dave Inc. deployed approximately $195 million in share repurchases during Q1, representing a substantial return of capital to shareholders.
Analysis · DAVE · Finance
Dave Inc. delivered a strong first quarter, significantly exceeding prior year performance across key financial metrics and raising its full-year 2026 guidance. The company's revenue surged 47% year-over-year, with net income more than doubling. This robust performance is underpinned by record credit quality, evidenced by the lowest Q1 28-Day Past Due rate in company history and expanded net monetization. Furthermore, Dave Inc. demonstrated proactive capital management by deploying approximately $195 million in share repurchases during the quarter, a substantial return of capital to shareholders. The initiation of member testing for a new 'Pay in 4' card product also signals continued innovation and potential future growth drivers.
How filings like this one have moved
In the 30 days to Oct 18, 2026, 43.8% of the 290 measured filings Wiseek scored 9 moved their stock by 5% or more by the next session's close. The median move was -0.43%. These are measured outcomes after filings of this importance, not a forecast for this one.
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At the time of this filing, DAVE was trading at $245.00 on NASDAQ in the Finance sector, with a market capitalization of approximately $3.4B. The 52-week trading range was $102.12 to $287.69. This filing was assessed with positive market sentiment and an importance score of 9 out of 10.