DAVE Stock Analysis: Dave | NASDAQ
Software - Application | NASDAQ, USA | Market Cap: 4.925m USD | 12M Return: 59.3% | Charts, Fundamentals & Technical Analysis
Avg Turnover: 205M
Qual. Beats: 0
Rev. Trend: 98.7%
Qual. Beats: 0
Warnings
No concerns identified
Tailwinds
Seasonality 5.2 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: 225.0m TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.62 > 0.02 and ΔFCF/TA 15.71 > 1.0 |
| NWC/Revenue: 58.76% < 20% (prev 69.22%; Δ -10.45% < -1%) |
| CFO/TA 0.62 > 3% & CFO 326.8m > Net Income 225.0m |
| Net Debt (92.7m) to EBITDA (218.6m): 0.42 < 3 |
| Current Ratio: 3.86 > 1.5 & < 3 |
| Outstanding Shares: last quarter (14.4m) vs 12m ago -1.69% < -2% |
| Gross Margin: 87.14% > 18% (prev 84.97%; Δ 2.17% > 0.5%) |
| Asset Turnover: 142.9% > 50% (prev 120.8%; Δ 22.07% > 0%) |
| Interest Coverage Ratio: 30.13 > 6 (EBIT TTM 211.3m / Interest Expense TTM 7.01m) |
| A: 0.67 (Total Current Assets 479.6m - Total Current Liabilities 124.3m) / Total Assets 530.5m |
| B: 0.19 (Retained Earnings 101.4m / Total Assets 530.5m) |
| C: 0.50 (EBIT TTM 211.3m / Avg Total Assets 423.1m) |
| D: 0.62 (Book Value of Equity 203.8m / Total Liabilities 326.7m) |
| Altman-Z'' = 9.03 = AAA |
| DSRI: 0.94 (Receivables 289.8m/194.7m, Revenue 604.6m/381.4m) |
| GMI: 0.98 (GM 84.97% / 87.14%) |
| AQI: 1.88 (AQ_t 0.09 / AQ_t-1 0.05) |
| SGI: 1.59 (Revenue 604.6m / 381.4m) |
| TATA: -0.19 (NI 225.0m - CFO 326.8m) / TA 530.5m) |
| Beneish M = -2.18 (Cap -4..+1) = BB |
As of July 11, 2026, the stock is trading at USD 390.14 with a total of 281,775 shares traded. Over the past week, the price has changed by +1.83%, over one month by +39.98%, over three months by +114.50% and over the past year by +59.25%.
Current recommended Stop Loss: 360.60 (which is 7.6% or 1.2 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 | 347.6 | -10.9% |
P/E Trailing = 24.8786
P/E Forward = 23.6407
P/S = 8.1456
P/B = 24.1681
Revenue TTM = 604.6m USD
EBIT TTM = 211.3m USD
EBITDA TTM = 218.6m USD
Long Term Debt = 192.8m USD (from longTermDebt, last quarter)
Short Term Debt = 75.6m USD (from shortTermDebt, last quarter)
Debt = 268.6m USD (from shortLongTermDebtTotal, last quarter) + Leases 425k
Net Debt = 92.7m USD (calculated: Debt 268.6m - CCE 175.9m)
Enterprise Value = 5.02b USD (4.92b + Debt 268.6m - CCE 175.9m)
Interest Coverage Ratio = 30.13 (Ebit TTM 211.3m / Interest Expense TTM 7.01m)
EV/FCF = 15.37x (Enterprise Value 5.02b / FCF TTM 326.5m)
FCF Yield = 6.51% (FCF TTM 326.5m / Enterprise Value 5.02b)
FCF Margin = 54.00% (FCF TTM 326.5m / Revenue TTM 604.6m)
Net Margin = 37.21% (Net Income TTM 225.0m / Revenue TTM 604.6m)
Gross Margin = 87.14% ((Revenue TTM 604.6m - Cost of Revenue TTM 77.7m) / Revenue TTM)
Gross Margin QoQ = 86.93% (prev 87.93%)
Tobins Q-Ratio = 9.46 (Enterprise Value 5.02b / Total Assets 530.5m)
Interest Expense / Debt = 2.61% (Interest Expense 7.01m / Debt 268.6m)
Taxrate = 17.42% (12.2m / 70.2m)
NOPAT = 174.5m (EBIT 211.3m * (1 - 17.42%))
Current Ratio = 3.86 (Total Current Assets 479.6m / Total Current Liabilities 124.3m)
Debt / Equity = 1.32 (Debt 268.6m / totalStockholderEquity, last quarter 203.8m)
Debt / EBITDA = 0.42 (Net Debt 92.7m / EBITDA 218.6m)
Debt / FCF = 0.28 (Net Debt 92.7m / FCF TTM 326.5m)
Total Stockholder Equity = 266.2m (last 4 quarters mean from totalStockholderEquity)
RoA = 53.18% (Net Income 225.0m / Total Assets 530.5m)
RoE = 84.51% (Net Income TTM 225.0m / Total Stockholder Equity 266.2m)
RoCE = 46.04% (EBIT 211.3m / Capital Employed (Equity 266.2m + L.T.Debt 192.8m))
RoIC = 38.65% (NOPAT 174.5m / Invested Capital 451.6m)
WACC = 17.54% (E(4.92b)/V(5.19b) * Re(18.38%) + D(268.6m)/V(5.19b) * Rd(2.61%) * (1-Tc(0.17)))
Discount Rate = 18.38% (= CAPM, Blume Beta Adj.) -> capped to 13.17%
Shares (quarterly) Correlation: 51.11 | Cagr: 6.32%
[DCF] Terminal Value 53.82% ; FCFF base≈253.8m ; Y1≈290.9m ; Y5≈428.1m
[DCF] Fair Price = 203.8 (EV 2.42b - Net Debt 92.7m = Equity 2.32b / Shares 11.4m; r=17.54% [WACC]; 5y FCF grow 15.0% → 2.50% )
EPS Correlation: N/A | EPS CAGR: N/A | SUE: 0.78 | # QB: 0
Revenue Correlation: 98.73 | Revenue CAGR: 42.43% | SUE: 0.65 | # QB: 0
EPS current Quarter (2026-06-30): EPS=3.83 | Chg30d=+0.00% | Revisions=+73% | Analysts=11
EPS next Quarter (2026-09-30): EPS=4.31 | Chg30d=+0.00% | Revisions=+73% | Analysts=11
EPS current Year (2026-12-31): EPS=16.60 | Chg30d=+0.00% | Revisions=+73% | GrowthEPS=+25.9% | GrowthRev=+29.0%
EPS next Year (2027-12-31): EPS=20.69 | Chg30d=+0.12% | Revisions=+73% | GrowthEPS=+24.6% | GrowthRev=+19.5%
[Analyst] Revisions Ratio: +91% (up=32, down=0)