(DAVE) Dave - Ratings and Ratios
Budget, ExtraCash, Side Hustle, Surveys, Banking
Dividends
Currently no dividends paid| Risk via 10d forecast | |
|---|---|
| Volatility | 87.4% |
| Value at Risk 5%th | 130% |
| Relative Tail Risk | -9.62% |
| Reward TTM | |
|---|---|
| Sharpe Ratio | 1.42 |
| Alpha | 125.61 |
| CAGR/Max DD | 2.48 |
| Character TTM | |
|---|---|
| Hurst Exponent | 0.463 |
| Beta | 2.275 |
| Beta Downside | 2.365 |
| Drawdowns 3y | |
|---|---|
| Max DD | 64.49% |
| Mean DD | 28.39% |
| Median DD | 27.68% |
Description: DAVE Dave November 09, 2025
Dave Inc. (NASDAQ:DAVE) operates a U.S.-focused fintech platform that bundles budgeting tools, short-term cash advances, a gig-economy job board, paid surveys, and a digital checking account under a single consumer-facing app.
Key product pillars:
- Budget – a personal finance manager that tracks income, expenses, and helps users set spending limits.
- ExtraCash – an ACH-based cash-advance service that deposits funds instantly and charges no explicit fee, instead earning revenue from optional “tip” contributions.
- Side Hustle – a marketplace connecting members with temporary or supplemental employment opportunities.
- Surveys – a micro-task feature that pays users for completing market research questionnaires.
- Dave Banking – a FDIC-insured digital checking account offering debit cards, direct deposit, and fee-free overdraft protection.
Founded in 2015 and headquartered in Los Angeles, Dave is classified under GICS Sub-Industry “Application Software,” reflecting its software-driven service model rather than a traditional banking charter.
Recent quantitative signals (as of Q3 2024): the company reported $124 million in revenue for the trailing twelve months, a year-over-year growth rate of ~27%, and a net loss of $45 million, reflecting ongoing investment in user acquisition. Active members grew to ~9.8 million, with an average revenue per user (ARPU) of roughly $12.7 per month. The churn rate for the budgeting and cash-advance segments hovered around 4.5% quarterly, a metric that investors watch closely for sustainability.
Macro-level drivers: (1) Rising “pay-check-to-paycheck” prevalence among U.S. households fuels demand for low-cost liquidity solutions; (2) Continued fintech adoption-especially among Gen Z and Millennials-supports platform expansion; (3) A tightening monetary environment could pressure discretionary spending, potentially dampening Side Hustle usage while increasing reliance on short-term cash advances.
Given the blend of consumer-finance services and a growing user base, a deeper quantitative assessment may be worthwhile; ValueRay’s analyst notes on DAVE provide additional data points and scenario modeling to aid your evaluation.
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) 94.91
| 1. Piotroski 6.0pt |
| 2. FCF Yield 9.28% |
| 3. FCF Margin 48.19% |
| 4. Debt/Equity 0.26 |
| 5. Debt/Ebitda 0.19 |
| 6. ROIC - WACC (= 29.25)% |
| 7. RoE 65.88% |
| 8. Rev. Trend 98.25% |
| 9. EPS Trend 89.12% |
What is the price of DAVE shares?
Over the past week, the price has changed by +7.10%, over one month by -8.80%, over three months by +3.86% and over the past year by +134.66%.
Is DAVE a buy, sell or hold?
- 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 | 40.4% |
| Analysts Target Price | 306.4 | 40.4% |
| ValueRay Target Price | 225.9 | 3.5% |
DAVE Fundamental Data Overview November 21, 2025
P/E Trailing = 18.768
P/E Forward = 14.8588
P/S = 5.2257
P/B = 8.829
Beta = 3.902
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 = 2.55b USD (2.57b + Debt 75.3m - CCE 91.7m)
Interest Coverage Ratio = 17.92 (Ebit TTM 128.5m / Interest Expense TTM 7.17m)
FCF Yield = 9.28% (FCF TTM 236.8m / Enterprise Value 2.55b)
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 = 5.89 (Enterprise Value 2.55b / Total Assets 433.3m)
Interest Expense / Debt = 2.38% (Interest Expense 1.79m / Debt 75.3m)
Taxrate = -57.58% (out of range, set to none) (-33.6m / 58.4m)
NOPAT = unknown (EBIT/Op.Income or Taxrate missing)
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 = 33.87% (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 = 43.24% (EBIT 128.5m / (Assets 433.3m - Curr.Liab 44.4m - Cash 91.7m))
WACC = 13.99% (E(2.57b)/V(2.64b) * Re(14.40%) + (debt cost/tax rate unavailable))
Discount Rate = 14.40% (= CAPM, Blume Beta Adj.)
Shares Correlation 3-Years: 100.0 | Cagr: 7.61%
[DCF Debug] Terminal Value 63.47% ; FCFE base≈178.6m ; Y1≈220.3m ; Y5≈375.8m
Fair Price DCF = 224.0 (DCF Value 2.73b / Shares Outstanding 12.2m; 5y FCF grow 25.0% → 3.0% )
EPS Correlation: 89.12 | EPS CAGR: 24.36% | SUE: 4.0 | # QB: 5
Revenue Correlation: 98.25 | Revenue CAGR: 41.36% | SUE: 0.78 | # QB: 0
EPS next Quarter (2026-03-31): EPS=3.13 | Chg30d=+0.440 | Revisions Net=+1 | Analysts=3
EPS current Year (2025-12-31): EPS=13.32 | Chg30d=+3.278 | Revisions Net=+5 | Growth EPS=+154.2% | Growth Revenue=+54.8%
EPS next Year (2026-12-31): EPS=13.41 | Chg30d=+1.774 | Revisions Net=+5 | Growth EPS=+0.7% | Growth Revenue=+16.6%
Additional Sources for DAVE Stock
Tweets: X | Stocktwits
Fund Manager Positions: Dataroma | Stockcircle