NASDAQ : DAVE
Dave Inc. — Financial statements
Technology · Software - Application · United States
Last price 334.8 USD (Oct 29, 2026, 4:00 PM EDT) · Market cap 4.27B
Overview · Financial statements · Key statistics · Dividends · Company profile · Price history · Reports
Financial statements
Dave Inc. (DAVE) reported revenue of 643.65M USD (TTM). Five years of income statement, balance sheet, cash flow and ratios below.
Income statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Revenue | 643.65M | 554.18M | 347.08M | 259.09M | 204.84M | 153.01M |
| Cost of Revenue | 181.84M | 165.04M | 159.85M | 144.11M | 135.38M | 65.52M |
| Gross Profit | 461.81M | 389.14M | 187.23M | 114.98M | 69.46M | 87.49M |
| Selling, General & Admin | 87.32M | 78.43M | 64.80M | 67.25M | 71.22M | 60.36M |
| Other Operating Expenses | 32.16M | 28.55M | 26.19M | 31.55M | 63.67M | 74.01M |
| Operating Expenses | 230.02M | 198.02M | 145.62M | 157.18M | 201.16M | 134.37M |
| Operating Income | 231.79M | 191.12M | 41.61M | -42.20M | -131.69M | -46.88M |
| Interest Expense | -7.26M | -7.04M | -7.99M | -11.77M | -9.20M | -2.54M |
| Interest & Investment Income | 2.73M | 1.60M | 2.98M | 5.29M | 2.95M | 287.00K |
| Other Non Operating Income (Expenses) | -6.35M | -9.86M | -1.73M | 260.00K | 4.03M | 30.91M |
| EBT Excluding Unusual Items | 220.92M | 175.81M | 34.88M | -48.42M | -133.91M | -18.23M |
| Asset Writedown | -2.70M | |||||
| Legal Settlements | -9.59M | -4.50M | -7.00M | -6.28M | -1.67M | |
| Other Unusual Items | -3.84M | -3.29M | 32.48M | 22.00K | 13.92M | |
| Pretax Income | 207.48M | 168.03M | 60.35M | -48.40M | -128.97M | -19.90M |
| Income Tax Expense | -15.15M | -27.84M | 2.48M | 120.00K | -67.00K | 97.00K |
| Net Income | 222.64M | 195.87M | 57.87M | -48.52M | -128.91M | -19.99M |
| Net Income to Common | 222.64M | 195.87M | 57.87M | -48.52M | -128.91M | -19.99M |
| Shares Outstanding (Basic) | 13.28M | 13.37M | 12.52M | 11.93M | 11.59M | 4.27M |
| Shares Outstanding (Diluted) | 14.26M | 14.48M | 13.82M | 11.93M | 11.59M | 4.27M |
| EPS (Basic) | 16.76 | 14.65 | 4.62 | -4.07 | -11.12 | -4.69 |
| EPS (Diluted) | 15.62 | 13.53 | 4.19 | -4.07 | -11.12 | -4.69 |
| Free Cash Flow | 326.54M | 289.71M | 124.88M | 33.07M | -45.61M | -912.00K |
| Free Cash Flow Per Share | 22.90 | 20.01 | 9.03 | 2.77 | -3.94 | -0.21 |
| Gross Margin | 71.75% | 70.22% | 53.95% | 44.38% | 33.91% | 57.18% |
| Operating Margin | 36.01% | 34.49% | 11.99% | -16.29% | -64.29% | -30.64% |
| Profit Margin | 34.59% | 35.34% | 16.67% | -18.73% | -62.93% | -13.07% |
| Free Cash Flow Margin | 50.73% | 52.28% | 35.98% | 12.76% | -22.27% | -0.60% |
| EBITDA | 232.34M | 191.85M | 42.39M | -41.56M | -130.86M | -46.62M |
| EBITDA Margin | 36.10% | 34.62% | 12.21% | -16.04% | -63.89% | -30.47% |
| D&A For EBITDA | 550.00K | 731.00K | 781.00K | 644.00K | 833.00K | 255.00K |
| EBIT | 231.79M | 191.12M | 41.61M | -42.20M | -131.69M | -46.88M |
| EBIT Margin | 36.01% | 34.49% | 11.99% | -16.29% | -64.29% | -30.64% |
| Effective Tax Rate | 4.11% | |||||
| Revenue as Reported | 643.65M | 554.18M | 347.08M | 259.09M | 204.84M | 153.01M |
| Advertising Expenses | 65.99M | 53.45M | 56.66M | 69.04M | 51.45M |
Balance sheet
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 209.61M | 80.52M | 49.72M | 41.76M | 22.89M | 32.01M |
| Short-Term Investments | 44.46M | 40.79M | 40.57M | 114.18M | 169.07M | 8.23M |
| Cash & Short-Term Investments | 254.07M | 121.31M | 90.29M | 155.94M | 191.96M | 40.23M |
| Prepaid Expenses | 5.43M | 18.08M | 16.13M | 7.96M | 11.59M | 4.44M |
| Other Current Assets | 244.57M | 297.31M | 175.86M | 112.99M | 105.01M | 55.52M |
| Total Current Assets | 519.10M | 436.70M | 282.27M | 276.89M | 308.57M | 100.20M |
| Property, Plant & Equipment | 813.00K | 669.00K | 1.21M | 1.89M | 1.76M | 3.39M |
| Other Intangible Assets | 14.20M | 13.67M | 13.64M | 13.21M | 10.16M | 7.85M |
| Long-Term Deferred Tax Assets | 34.46M | 34.19M | ||||
| Long-Term Deferred Charges | 163.00K | 318.00K | 75.00K | 131.00K | ||
| Other Long-Term Assets | 2.21M | 2.20M | 2.04M | 1.72M | 925.00K | 35.62M |
| Total Assets | 570.78M | 487.42M | 299.33M | 294.02M | 321.49M | 147.19M |
| Accounts Payable | 6.96M | 8.36M | 6.77M | 5.49M | 11.42M | 13.04M |
| Accrued Expenses | 18.54M | 11.87M | 11.22M | 9.58M | 7.90M | 5.91M |
| Short-Term Debt | 35.05M | |||||
| Current Portion of Long-Term Debt | 75.00M | 75.00M | 695.00K | |||
| Current Portion of Leases | 227.00K | 63.00K | 350.00K | 298.00K | 273.00K | 1.92M |
| Current Income Taxes Payable | 1.65M | 1.48M | ||||
| Current Unearned Revenue | 606.00K | 411.00K | ||||
| Other Current Liabilities | 22.21M | 16.45M | 14.84M | 10.24M | 16.83M | 12.02M |
| Total Current Liabilities | 122.93M | 114.00M | 35.06M | 25.60M | 36.42M | 68.63M |
| Long-Term Debt | 193.13M | 75.00M | 180.45M | 177.32M | 35.00M | |
| Long-Term Leases | 106.00K | 141.00K | 204.00K | 543.00K | 550.00K | 970.00K |
| Other Long-Term Liabilities | 46.72M | 20.55M | 5.96M | 362.00K | 640.00K | 3.85M |
| Total Liabilities | 362.89M | 134.69M | 116.23M | 206.96M | 214.93M | 108.45M |
| Common Stock | 1.00K | 1.00K | 1.00K | 1.00K | 1.00K | 1.00K |
| Additional Paid-In Capital | 350.68M | 352.66M | 335.33M | 296.73M | 270.04M | 86.83M |
| Retained Earnings | 108.04M | 43.42M | -152.45M | -210.32M | -161.80M | -32.90M |
| Treasury Stock | -251.15M | -43.73M | -5.00K | |||
| Comprehensive Income & Other | 317.00K | 374.00K | 221.00K | 649.00K | -1.68M | -15.19M |
| Total Common Equity | 207.89M | 352.73M | 183.10M | 87.06M | 106.56M | 38.74M |
| Shareholders' Equity | 207.89M | 352.73M | 183.10M | 87.06M | 106.56M | 38.74M |
| Total Liabilities & Equity | 570.78M | 487.42M | 299.33M | 294.02M | 321.49M | 147.19M |
| Total Debt | 268.47M | 75.20M | 75.55M | 181.29M | 178.15M | 73.64M |
| Net Cash (Debt) | -14.39M | 46.11M | 14.73M | -25.36M | 13.81M | -33.40M |
| Net Cash Per Share | -1.01 | 3.18 | 1.07 | -2.12 | 1.19 | -7.83 |
| Filing Date Shares Outstanding | 12.76M | 13.56M | 13.09M | 12.19M | 11.85M | 11.63M |
| Total Common Shares Outstanding | 12.76M | 13.55M | 13.02M | 12.15M | 11.85M | 10.80M |
| Working Capital | 396.17M | 322.70M | 247.21M | 251.28M | 272.15M | 31.57M |
| Book Value Per Share | 16.30 | 26.03 | 14.07 | 7.17 | 8.99 | 3.59 |
| Tangible Book Value | 193.69M | 339.06M | 169.46M | 73.86M | 96.40M | 30.89M |
| Tangible Book Value Per Share | 15.19 | 25.02 | 13.02 | 6.08 | 8.14 | 2.86 |
| Machinery | 1.46M | 1.19M | 1.23M | 1.04M | 678.00K | |
| Leasehold Improvements | 1.19M | 1.19M | 1.18M | 707.00K | 384.00K |
Cash flow statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Net Income | 222.64M | 195.87M | 57.87M | -48.52M | -128.91M | -19.99M |
| Depreciation & Amortization | 550.00K | 731.00K | 781.00K | 644.00K | 833.00K | 255.00K |
| Other Amortization | 6.50M | 5.80M | 6.10M | 4.60M | 3.60M | 2.80M |
| Asset Writedown & Restructuring Costs | 600.00K | 600.00K | 800.00K | 300.00K | 2.70M | |
| Loss (Gain) From Sale of Investments | 10.00K | 76.00K | -16.00K | 44.00K | -578.00K | 1.00K |
| Stock-Based Compensation | 37.55M | 29.90M | 37.33M | 26.67M | 40.64M | 7.38M |
| Provision & Write-off of Bad Debts | 110.55M | 91.04M | 54.63M | 58.39M | 66.27M | |
| Other Operating Activities | -23.85M | -21.07M | -30.52M | 2.81M | -20.34M | 862.00K |
| Change in Accounts Payable | -664.00K | 1.59M | 1.28M | -5.93M | 330.00K | 2.57M |
| Change in Income Taxes | -12.18M | 148.00K | 683.00K | 550.00K | 2.63M | |
| Change in Other Net Operating Assets | -14.74M | -14.50M | -3.27M | -5.94M | -9.98M | 2.96M |
| Operating Cash Flow | 326.95M | 290.02M | 125.14M | 33.75M | -44.88M | -541.00K |
| Capital Expenditures | -404.00K | -317.00K | -262.00K | -688.00K | -728.00K | -371.00K |
| Sale (Purchase) of Intangibles | -7.35M | -6.46M | -7.30M | -7.89M | -8.58M | -6.11M |
| Investment in Securities | -1.60M | -141.00K | 73.20M | 57.17M | -161.94M | 9.44M |
| Other Investing Activities | -94.27M | -195.83M | -111.48M | -62.97M | -114.32M | -40.16M |
| Investing Cash Flow | -103.62M | -202.75M | -45.84M | -14.38M | -285.58M | -37.20M |
| Long-Term Debt Issued | 140.00M | 70.00M | ||||
| Total Debt Issued | 192.69M | 140.00M | 70.00M | |||
| Short-Term Debt Repaid | -20.00M | -3.91M | ||||
| Long-Term Debt Repaid | -71.00M | |||||
| Total Debt Repaid | -71.00M | -20.00M | -3.91M | |||
| Net Debt Issued (Repaid) | 192.69M | -71.00M | 120.00M | 66.09M | ||
| Issuance of Common Stock | 139.00K | 761.00K | 1.27M | 34.00K | 195.62M | 1.71M |
| Repurchase of Common Stock | -250.87M | -57.05M | -12.00K | -536.00K | ||
| Other Financing Activities | -17.36M | -1.26M | 6.68M | -2.75M | ||
| Financing Cash Flow | -75.39M | -56.29M | -71.00M | 22.00K | 321.77M | 65.05M |
| Net Cash Flow | 147.93M | 30.99M | 8.30M | 19.40M | -8.70M | 27.30M |
| Free Cash Flow | 326.54M | 289.71M | 124.88M | 33.07M | -45.61M | -912.00K |
| Free Cash Flow Margin | 50.73% | 52.28% | 35.98% | 12.76% | -22.27% | -0.60% |
| Free Cash Flow Per Share | 22.90 | 20.01 | 9.03 | 2.77 | -3.94 | -0.21 |
| Levered Free Cash Flow | 167.17M | 25.52M | -3.97M | -25.58M | -103.76M | -28.80M |
| Unlevered Free Cash Flow | 171.71M | 29.93M | 1.02M | -18.22M | -98.01M | -27.21M |
| Cash Interest Paid | 6.69M | 6.93M | 7.65M | 8.63M | 5.68M | 1.99M |
| Cash Income Tax Paid | 35.55M | 5.58M | -109.00K | -586.00K | -622.00K | -2.48M |
| Change in Working Capital | -27.59M | -12.91M | -1.84M | -11.19M | -9.10M | 8.15M |
Ratios
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 4.04B | 2.99B | 1.11B | 101.05M | 109.65M | 325.14M |
| Enterprise Value | 4.06B | 2.97B | 1.11B | 111.49M | 53.21M | 410.93M |
| Last Close Price | 316.79 | 221.41 | 86.92 | 8.38 | 9.28 | 328.00 |
| PE Ratio | 20.29 | 15.27 | 19.16 | |||
| Forward PE | 17.46 | 19.89 | 41.57 | |||
| PS Ratio | 6.28 | 5.39 | 3.19 | 0.39 | 0.54 | 2.12 |
| PB Ratio | 19.44 | 8.48 | 6.06 | 1.16 | 1.03 | 8.39 |
| P/TBV Ratio | 20.86 | 8.82 | 6.54 | 1.37 | 1.14 | 10.53 |
| P/FCF Ratio | 12.37 | 10.32 | 8.88 | 3.06 | ||
| P/OCF Ratio | 12.36 | 10.31 | 8.86 | 2.99 | ||
| PEG Ratio | 0.49 | |||||
| EV/Sales Ratio | 6.30 | 5.37 | 3.20 | 0.43 | 0.26 | 2.69 |
| EV/EBITDA Ratio | 17.45 | 15.50 | 26.17 | |||
| EV/EBIT Ratio | 17.50 | 15.56 | 26.66 | |||
| EV/FCF Ratio | 12.42 | 10.26 | 8.88 | 3.37 | ||
| Debt / Equity Ratio | 1.29 | 0.21 | 0.41 | 2.08 | 1.67 | 1.90 |
| Debt / EBITDA Ratio | 1.15 | 0.39 | 1.77 | |||
| Debt / FCF Ratio | 0.82 | 0.26 | 0.60 | 5.48 | ||
| Net Debt / Equity Ratio | 0.07 | -0.13 | -0.08 | 0.29 | -0.13 | 0.86 |
| Net Debt / EBITDA Ratio | 0.06 | -0.24 | -0.35 | -0.61 | 0.11 | -0.72 |
| Net Debt / FCF Ratio | 0.04 | -0.16 | -0.12 | 0.77 | 0.30 | -36.62 |
| Asset Turnover | 1.38 | 1.41 | 1.17 | 0.84 | 0.87 | 1.37 |
| Quick Ratio | 2.18 | 1.06 | 2.58 | 6.09 | 5.27 | 0.59 |
| Current Ratio | 4.22 | 3.83 | 8.05 | 10.81 | 8.47 | 1.46 |
| Return on Equity (ROE) | 104.78% | 73.11% | 42.84% | -50.11% | -177.44% | -45.14% |
| Return on Assets (ROA) | 31.01% | 30.37% | 8.77% | -8.57% | -35.12% | -26.21% |
| Return on Invested Capital (ROIC) | 90.14% | 80.47% | 28.42% | -41.14% | -159.74% | -88.77% |
| Return on Capital Employed (ROCE) | 51.80% | 51.20% | 15.70% | -15.70% | -46.20% | -59.70% |
| Earnings Yield | 4.93% | 6.55% | 5.22% | -48.01% | -117.56% | -6.15% |
| FCF Yield | 8.08% | 9.69% | 11.26% | 32.72% | -41.60% | -0.28% |
| Buyback Yield / Dilution | 0.57% | -4.76% | -15.82% | -2.99% | -171.58% | -10.80% |