DAVE Stock Analysis: Dave | NASDAQ
Software - Application | NASDAQ, USA | Market Cap: 4.659m USD | 12M Return: 66.1% | US23834J2015 | Charts, Fundamentals & Technical Analysis
Avg Turnover: 177M
Qual. Beats: -1
Rev. Trend: 99.3%
Qual. Beats: -1
Warnings
Tailwinds
Seasonality 5.3 years of data
How good or bad each month usually is (without trend). The score below shows how much you can trust it: 0 = pure chance, >40 gets interesting and >55 is strong.
Dave Inc. (NASDAQ: DAVE) is a U.S.-based fintech company that operates a mobile financial services platform targeting underbanked and liquidity-constrained consumers. Its product suite includes Budget (a personal financial management tool), ExtraCash (a small-dollar cash advance product designed as an alternative to traditional overdraft fees), Side Hustle (a job matching portal for gig and supplemental work), and Dave Checking (a digital demand deposit account). The company follows a subscription-based membership model, generating revenue largely through monthly fees and interchange. Founded in 2015 and headquartered in Los Angeles, California, Dave went public in April 2021 and is classified within the Application Software sub-industry of the Information Technology sector, reflecting its tech-platform-driven approach to consumer banking rather than operating as a chartered bank.
- ExtraCash advance volumes and revenue per member accelerate
- CFPB small-dollar lending rules threaten core product economics
- Dave Banking deposit growth scales interchange revenue higher
| Net Income: 222.6m TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.58 > 0.02 and ΔFCF/TA 31.39 > 1.0 |
| NWC/Revenue: 62.60% < 20% (prev 71.57%; Δ -8.98% < -1%) |
| CFO/TA 0.72 > 3% & CFO 409.0m > Net Income 222.6m |
| Net Debt (16.3m) to EBITDA (182.8m): 0.09 < 3 |
| Current Ratio: 4.22 > 1.5 & < 3 |
| Outstanding Shares: last quarter (13.7m) vs 12m ago -6.01% < -2% |
| Gross Margin: 84.80% > 18% (prev 86.65%; Δ -1.85% > 0.5%) |
| Asset Turnover: 135.5% > 50% (prev 119.1%; Δ 16.36% > 0%) |
| Interest Coverage Ratio: 24.21 > 6 (EBIT TTM 175.7m / Interest Expense TTM 7.26m) |
| A: 0.69 (Total Current Assets 519.1m - Total Current Liabilities 122.9m) / Total Assets 570.8m |
| B: 0.19 (Retained Earnings 108.0m / Total Assets 570.8m) |
| C: 0.38 (EBIT TTM 175.7m / Avg Total Assets 467.2m) |
| D: 0.57 (Book Value of Equity 207.9m / Total Liabilities 362.9m) |
| Altman-Z'' = 8.30 = AAA |
| DSRI: 0.70 (Receivables 232.2m/225.7m, Revenue 632.9m/433.1m) |
| GMI: 1.02 (GM 86.65% / 84.80%) |
| AQI: 1.99 (AQ_t 0.09 / AQ_t-1 0.04) |
| SGI: 1.46 (Revenue 632.9m / 433.1m) |
| TATA: -0.33 (NI 222.6m - CFO 409.0m) / TA 570.8m) |
| Beneish M = -2.36 (Cap -4..+1) = BBB |
As of August 08, 2026, the stock is trading at USD 317.93 with a total of 667,966 shares traded. Over the past week, the price has changed by -14.69%, over one month by -17.20%, over three months by +27.54% and over the past year by +66.12%.
Current recommended Stop Loss: 265.60 (which is 16.5% or 1.9 ATR below the current price).
Dave has received a consensus analysts rating of 4.75. Therefore, it is recommended to buy DAVE.
- StrongBuy: 6
- Buy: 2
- Hold: 0
- Sell: 0
- StrongSell: 0
| Analysts Target Price | 391.3 | 23.1% |
P/E Trailing = 27.6293
P/E Forward = 22.7273
P/S = 7.7058
P/B = 23.2528
Revenue TTM = 632.9m USD
EBIT TTM = 175.7m USD
EBITDA TTM = 182.8m USD
Long Term Debt = 192.8m USD (from longTermDebt, two quarters ago)
Short Term Debt = 75.2m USD (from shortTermDebt, last quarter)
Debt = 268.9m USD (from shortLongTermDebtTotal, last quarter) + Leases 425k
Net Debt = 16.3m USD (calculated: Debt 268.9m - CCE 252.6m)
Enterprise Value = 4.68b USD (4.66b + Debt 268.9m - CCE 252.6m)
Interest Coverage Ratio = 24.21 (Ebit TTM 175.7m / Interest Expense TTM 7.26m)
EV/FCF = 14.14x (Enterprise Value 4.68b / FCF TTM 330.7m)
FCF Yield = 7.07% (FCF TTM 330.7m / Enterprise Value 4.68b)
FCF Margin = 52.26% (FCF TTM 330.7m / Revenue TTM 632.9m)
Net Margin = 35.18% (Net Income TTM 222.6m / Revenue TTM 632.9m)
Gross Margin = 84.80% ((Revenue TTM 632.9m - Cost of Revenue TTM 96.2m) / Revenue TTM)
Gross Margin QoQ = 77.67% (prev 86.93%)
Tobins Q-Ratio = 8.19 (Enterprise Value 4.68b / Total Assets 570.8m)
Interest Expense / Debt = 2.70% (Interest Expense 7.26m / Debt 268.9m)
Taxrate = 21.0% (US federal default 21%)
NOPAT = 138.8m (EBIT 175.7m * (1 - 21.00%))
Current Ratio = 4.00 (Total Current Assets 519.1m / Total Current Liabilities 129.9m)
Debt / Equity = 1.29 (Debt 268.9m / totalStockholderEquity, last quarter 207.9m)
Debt / EBITDA = 0.09 (Net Debt 16.3m / EBITDA 182.8m)
Debt / FCF = 0.05 (Net Debt 16.3m / FCF TTM 330.7m)
Total Stockholder Equity = 263.9m (last 4 quarters mean from totalStockholderEquity)
RoA = 47.66% (Net Income 222.6m / Total Assets 570.8m)
RoE = 84.35% (Net Income TTM 222.6m / Total Stockholder Equity 263.9m)
RoCE = 38.47% (EBIT 175.7m / Capital Employed (Equity 263.9m + L.T.Debt 192.8m))
RoIC = 28.25% (NOPAT 138.8m / Invested Capital 491.4m)
WACC = 17.72% (E(4.66b)/V(4.93b) * Re(18.62%) + D(268.9m)/V(4.93b) * Rd(2.70%) * (1-Tc(0.21)))
Discount Rate = 18.62% (= CAPM, Blume Beta Adj.) -> capped to 13.17%
Shares (quarterly) Correlation: 47.88 | Cagr: 1.76%
[DCF] Terminal Value 53.44% ; FCFF base≈237.0m ; Y1≈271.7m ; Y5≈399.9m
[DCF] Fair Price = 193.4 (EV 2.23b - Net Debt 16.3m = Equity 2.21b / Shares 11.4m; r=17.72% [WACC]; 5y FCF grow 15.0% → 2.50% )
EPS Correlation: N/A | EPS CAGR: N/A | SUE: -4.0 | # QB: -1
Revenue Correlation: 99.29 | Revenue CAGR: 45.01% | SUE: -1.58 | # QB: -1
EPS current Quarter (2026-09-30): EPS=4.34 | Chg30d=+0.79% | Revisions=+17% | Analysts=12
EPS current Year (2026-12-31): EPS=16.66 | Chg30d=+0.42% | Revisions=+50% | GrowthEPS=+26.4% | GrowthRev=+29.0%
EPS next Year (2027-12-31): EPS=21.26 | Chg30d=+2.88% | Revisions=+57% | GrowthEPS=+27.6% | GrowthRev=+20.8%
[Analyst] Revisions Ratio: +62% (up=9, down=1)