(DAVE) Dave - Ratings and Ratios

Exchange: NASDAQ • Country: United States • Currency: USD • Type: Common Stock • ISIN: US23834J1025

Budgeting Tool, Short-Term Advance, Job Portal, Paid Surveys, Digital Bank

Application Software
Market Cap in USD: 2,859m
IPO / Inception: 2021-04-26
12m vs SPY: 87.3%

EPS (Earnings per Share)

EPS (Earnings per Share) of DAVE over the last years for every Quarter: "2020-12": null, "2021-03": null, "2021-06": -3.5093, "2021-09": -2.7004, "2021-12": -0.01, "2022-03": -3.2, "2022-06": -2.88, "2022-09": -2.56, "2022-12": -1.87, "2023-03": -1.187, "2023-06": -1.32, "2023-09": -1.0078, "2023-12": 0.0165, "2024-03": 0.12, "2024-06": 0.47, "2024-09": 1.51, "2024-12": 2.04, "2025-03": 2.48, "2025-06": 3.14, "2025-09": 4.24, "2025-12": 0,
EPS CAGR: 122.11%
EPS Trend: 89.8%
Last SUE: -2.84
Qual. Beats: 0

Revenue

Revenue of DAVE over the last years for every Quarter: 2020-12: 35.452, 2021-03: 34.426, 2021-06: 37.229, 2021-09: 40.198, 2021-12: 41.16, 2022-03: 42.551, 2022-06: 45.805, 2022-09: 56.807, 2022-12: 59.6, 2023-03: 58.928, 2023-06: 61.235, 2023-09: 65.811, 2023-12: 73.119, 2024-03: 73.63, 2024-06: 80.117, 2024-09: 92.489, 2024-12: 100.84, 2025-03: 107.979, 2025-06: 131.757, 2025-09: 150.725, 2025-12: null,
Rev. CAGR: 41.36%
Rev. Trend: 98.6%
Last SUE: 0.78
Qual. Beats: 0

Dividends

Currently no dividends paid
Risk via 5d forecast
Volatility 92.5%
Value at Risk 5%th 138%
Relative Tail Risk -9.51%
Reward TTM
Sharpe Ratio 1.32
Alpha 87.38
CAGR/Max DD 3.23
Character TTM
Hurst Exponent 0.383
Beta 2.185
Beta Downside 2.092
Drawdowns 3y
Max DD 53.86%
Mean DD 23.12%
Median DD 23.99%

Description: DAVE Dave January 12, 2026

Dave Inc. (NASDAQ:DAVE) operates a U.S.-focused financial-services platform that combines budgeting tools, short-term cash advances, a gig-economy job board, paid surveys, and a digital checking account. Founded in 2015 and based in Los Angeles, the company’s core proposition is to help members avoid overdraft fees and improve cash flow through its “ExtraCash” ACH-based advances, while also offering ancillary income streams via “Side Hustle” and “Surveys.”

Recent filings show Dave serving roughly 12 million members and generating $258 million in revenue for FY 2023, up about 20 % year-over-year, driven by higher adoption of its cash-advance product and growing transaction volume on Dave Banking. The fintech’s unit economics are sensitive to macro-level consumer-spending trends and the prevailing interest-rate environment, as higher rates can both increase the cost of funding short-term advances and boost demand for fee-based alternatives to traditional overdraft protection.

For a deeper quantitative view, you might explore ValueRay’s analyst toolkit, which breaks down Dave’s unit economics and competitive positioning.

Piotroski VR‑10 (Strict, 0-10) 6.0

Net Income (146.7m TTM) > 0 and > 6% of Revenue (6% = 29.5m TTM)
FCFTA 0.55 (>2.0%) and ΔFCFTA 21.11pp (YES ≥ +1.0pp, WARN ≥ +0.5pp)
NWC/Revenue 69.53% (prev 68.03%; Δ 1.50pp) (YES ≤20% & Δ≤-1pp; WARN ≤25% & Δ≤0 oder ≤40% & Δ≤-3pp)
CFO/TA 0.55 (>3.0%) and CFO 238.4m > Net Income 146.7m (YES >=105%, WARN >=100%)
Net Debt (25.4m) to EBITDA (135.8m) ratio: 0.19 <= 3.0 (WARN <= 3.5)
Current Ratio 8.69 (target 1.5–3.0; WARN 1.2–<1.5 or >3.0–5.0; CFO/TA gate active)
Outstanding Shares last Quarter (14.5m) change vs 12m ago 4.25% (target <= -2.0% for YES)
Gross Margin 85.28% (prev 90.10%; Δ -4.82pp) >=18% & Δ>=+0.5pp (WARN >=15% & Δ>=0)
Asset Turnover 139.3% (prev 117.3%; Δ 21.97pp) >=50% & Δ>=+2pp (WARN >=35% & Δ>=0)
Interest Coverage Ratio 17.92 (EBITDA TTM 135.8m / Interest Expense TTM 7.17m) >= 6 (WARN >= 3)

Altman Z'' 7.29

(A) 0.79 = (Total Current Assets 386.0m - Total Current Liabilities 44.4m) / Total Assets 433.3m
(B) -0.05 = Retained Earnings (Balance) -22.5m / Total Assets 433.3m
(C) 0.36 = EBIT TTM 128.5m / Avg Total Assets 352.7m
(D) -0.16 = Book Value of Equity -22.2m / Total Liabilities 141.9m
Total Rating: 7.29 = (6.56 * A) + (3.26 * B) + (6.72 * C) + (1.05 * D)

ValueRay F-Score (Strict, 0-100) 94.49

1. Piotroski 6.0pt
2. FCF Yield 8.33%
3. FCF Margin 48.19%
4. Debt/Equity 0.26
5. Debt/Ebitda 0.19
6. ROIC - WACC (= 27.70)%
7. RoE 65.88%
8. Rev. Trend 98.63%
9. EPS Trend 89.84%

What is the price of DAVE shares?

As of January 16, 2026, the stock is trading at USD 185.46 with a total of 1,081,854 shares traded.
Over the past week, the price has changed by -18.83%, over one month by +0.54%, over three months by -12.91% and over the past year by +121.29%.

Is DAVE a buy, sell or hold?

Dave has received a consensus analysts rating of 4.75. Therefore, it is recommended to buy DAVE.
  • Strong Buy: 6
  • Buy: 2
  • Hold: 0
  • Sell: 0
  • Strong Sell: 0

What are the forecasts/targets for the DAVE price?

Issuer Target Up/Down from current
Wallstreet Target Price 306.4 65.2%
Analysts Target Price 306.4 65.2%
ValueRay Target Price 192.8 4%

DAVE Fundamental Data Overview January 15, 2026

P/E Trailing = 20.9209
P/E Forward = 18.5874
P/S = 5.8194
P/B = 9.8145
Revenue TTM = 491.3m USD
EBIT TTM = 128.5m USD
EBITDA TTM = 135.8m USD
Long Term Debt = 75.0m USD (from longTermDebt, last quarter)
Short Term Debt = 137.0k USD (from shortTermDebt, last quarter)
Debt = 75.3m USD (from shortLongTermDebtTotal, last quarter)
Net Debt = 25.4m USD (from netDebt column, last quarter)
Enterprise Value = 2.84b USD (2.86b + Debt 75.3m - CCE 91.7m)
Interest Coverage Ratio = 17.92 (Ebit TTM 128.5m / Interest Expense TTM 7.17m)
EV/FCF = 12.01x (Enterprise Value 2.84b / FCF TTM 236.8m)
FCF Yield = 8.33% (FCF TTM 236.8m / Enterprise Value 2.84b)
FCF Margin = 48.19% (FCF TTM 236.8m / Revenue TTM 491.3m)
Net Margin = 29.87% (Net Income TTM 146.7m / Revenue TTM 491.3m)
Gross Margin = 85.28% ((Revenue TTM 491.3m - Cost of Revenue TTM 72.3m) / Revenue TTM)
Gross Margin QoQ = 72.38% (prev 86.88%)
Tobins Q-Ratio = 6.56 (Enterprise Value 2.84b / Total Assets 433.3m)
Interest Expense / Debt = 2.38% (Interest Expense 1.79m / Debt 75.3m)
Taxrate = 4.11% (2.48m / 60.4m)
NOPAT = 123.2m (EBIT 128.5m * (1 - 4.11%))
Current Ratio = 8.69 (Total Current Assets 386.0m / Total Current Liabilities 44.4m)
Debt / Equity = 0.26 (Debt 75.3m / totalStockholderEquity, last quarter 291.3m)
Debt / EBITDA = 0.19 (Net Debt 25.4m / EBITDA 135.8m)
Debt / FCF = 0.11 (Net Debt 25.4m / FCF TTM 236.8m)
Total Stockholder Equity = 222.7m (last 4 quarters mean from totalStockholderEquity)
RoA = 41.60% (Net Income 146.7m / Total Assets 433.3m)
RoE = 65.88% (Net Income TTM 146.7m / Total Stockholder Equity 222.7m)
RoCE = 43.15% (EBIT 128.5m / Capital Employed (Equity 222.7m + L.T.Debt 75.0m))
RoIC = 41.37% (NOPAT 123.2m / Invested Capital 297.7m)
WACC = 13.67% (E(2.86b)/V(2.93b) * Re(13.97%) + D(75.3m)/V(2.93b) * Rd(2.38%) * (1-Tc(0.04)))
Discount Rate = 13.97% (= CAPM, Blume Beta Adj.)
Shares Correlation 3-Years: 100.0 | Cagr: 7.61%
[DCF Debug] Terminal Value 65.02% ; FCFF base≈178.6m ; Y1≈220.3m ; Y5≈375.1m
Fair Price DCF = 236.2 (EV 2.90b - Net Debt 25.4m = Equity 2.88b / Shares 12.2m; r=13.67% [WACC]; 5y FCF grow 25.0% → 2.90% )
EPS Correlation: 89.84 | EPS CAGR: 122.1% | SUE: -2.84 | # QB: 0
Revenue Correlation: 98.63 | Revenue CAGR: 41.36% | SUE: 0.78 | # QB: 0
EPS next Quarter (2026-03-31): EPS=3.13 | Chg30d=+0.000 | Revisions Net=+1 | Analysts=3
EPS next Year (2026-12-31): EPS=13.41 | Chg30d=+0.000 | Revisions Net=+5 | Growth EPS=+0.7% | Growth Revenue=+16.6%

Additional Sources for DAVE Stock

News: Wall Street Journal | Benzinga | Yahoo Finance
Tweets: X | Stocktwits
Fund Manager Positions: Dataroma | Stockcircle