Dave Inc./DE — Form 8-K
Filed August 5, 2026 · analyzed by the 8-K Agent
8-K
▲ Likely positive
significance 62/100
What the filing says
Dave reported Q2 2026 revenue of $170.8M (30% YoY growth), net income of $6.7M, and adjusted EBITDA of $75.5M (48% YoY growth, 44% margin). The company raised full-year 2026 guidance: revenue to $725–735M (from $710–720M), adjusted EBITDA to $315–325M (from $305–315M), and adjusted diluted EPS to $17.00–$17.50 (from $16.25–$16.75). Key operational metrics improved: MTMs grew 17% to 3.08M, ExtraCash originations rose 27% to $2.3B, 28-DPD rate improved 6% to 2.12%, and customer acquisition cost held flat at $19. Liquidity increased $76.6M to $254.4M, driven by $93.0M from Coastal Community Bank funding. The company repurchased $19.1M of shares during Q2.
Why this rating
Strong YoY growth, margin expansion, and guidance raise are material for a $3.1B company. Revenue trajectory and EBITDA growth are substantial but growth is decelerating (30% vs. prior 64% YoY). Operational improvements and new funding mechanism are positive. Offset by FTC/DOJ litigation costs and warrant remeasurement charges affecting GAAP earnings.
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