DAVE Stock Analysis: Dave | NASDAQ
Software - Application | NASDAQ, USA | Market Cap: 3.512m USD | 12M Return: 28.1% | US23834J2015 | Charts, Fundamentals & Technical Analysis
Avg Turnover: 113M
Qual. Beats: -2
Rev. Trend: 99.5%
Qual. Beats: 0
Warnings
Tailwinds
Seasonality 5.5 years of data, until 10/2026
How good or bad each month usually is (without trend). The score below shows how much you can trust it: 0 = pure chance, ≥40 worth a closer look and ≥60 is strong.
Dave Inc. (NASDAQ: DAVE) is a U.S.-based financial technology company founded in 2015 and headquartered in Los Angeles, California. It operates a financial services platform offering products such as Budget (a personal financial management tool that uses historical bank data to predict transactions), ExtraCash (a discretionary overdraft product designed to bridge paycheck gaps), Side Hustle (a job application portal for supplemental work), and Dave Checking (a digital demand deposit account).
The company operates within the digital banking and subscription-driven fintech space, a sector that typically relies on Banking-as-a-Service (BaaS) partnerships to deliver deposit and overdraft products without holding a full banking charter. Dave is classified under the Application Software sub-industry within the GICS Information Technology sector, reflecting its platform-based delivery model rather than a traditional bank structure.
- ExtraCash originations grow as member base expands
- Evolve Bank partnership faces regulatory scrutiny on deposit programs
- Dave Checking deposits scale amid earned wage access competition
| Net Income: 194.4m TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.46 > 0.02 and ΔFCF/TA -8.26 > 1.0 |
| NWC/Revenue: 48.02% < 20% (prev 69.53%; Δ -21.51% < -1%) |
| CFO/TA 0.46 > 3% & CFO 290.0m > Net Income 194.4m |
| Net Debt (-121.3m) to EBITDA (176.8m): -0.69 < 3 |
| Current Ratio: 2.69 > 1.5 & < 3 |
| Outstanding Shares: last quarter (13.9m) vs 12m ago -4.16% < -2% |
| Gross Margin: 80.74% > 18% (prev 87.73%; Δ -6.99% > 0.5%) |
| Asset Turnover: 128.4% > 50% (prev 113.4%; Δ 15.04% > 0%) |
| Interest Coverage Ratio: 30.48 > 6 (EBIT TTM 169.7m / Interest Expense TTM 5.57m) |
| A: 0.52 (Total Current Assets 519.7m - Total Current Liabilities 193.5m) / Total Assets 624.6m |
| B: 0.28 (Retained Earnings 171.8m / Total Assets 624.6m) |
| C: 0.32 (EBIT TTM 169.7m / Avg Total Assets 528.9m) |
| D: 0.78 (Book Value of Equity 273.8m / Total Liabilities 350.8m) |
| Altman-Z'' = 7.30 = AAA |
| DSRI: 0.55 (Receivables 204.6m/268.3m, Revenue 679.3m/491.3m) |
| GMI: 1.09 (GM 87.73% / 80.74%) |
| AQI: 1.56 (AQ_t 0.17 / AQ_t-1 0.11) |
| SGI: 1.38 (Revenue 679.3m / 491.3m) |
| TATA: -0.15 (NI 194.4m - CFO 290.0m) / TA 624.6m) |
| Beneish M = -2.73 (Cap -4..+1) = A |
As of November 14, 2026, the stock is trading at USD 277.04 with a total of 281,724 shares traded. Over the past week, the price has changed by -0.56%, over one month by -23.65%, over three months by -17.00% and over the past year by +28.12%.
Current recommended Stop Loss: 241.60 (which is 12.8% or 1.6 ATR below the current price).
Dave has received a consensus analysts rating of 4.31. Therefore, it is recommended to buy DAVE.
- StrongBuy: 8
- Buy: 5
- Hold: 3
- Sell: 0
- StrongSell: 0
| Analysts Target Price | 441.1 | 59.2% |
P/E Trailing = 20.0978
P/E Forward = 16.0256
P/S = 5.4565
P/B = 20.6295
Revenue TTM = 679.3m USD
EBIT TTM = 169.7m USD
EBITDA TTM = 176.8m USD
Long Term Debt = 193.1m USD (from longTermDebt, two quarters ago)
Short Term Debt = 193.5m USD (from shortTermDebt, last quarter)
Debt = 193.8m USD (from shortLongTermDebtTotal, last quarter) + Leases 333k
Net Debt = -121.3m USD (calculated: Debt 193.8m - CCE 315.1m)
Enterprise Value = 3.39b USD (3.51b + Debt 193.8m - CCE 315.1m)
Interest Coverage Ratio = 30.48 (Ebit TTM 169.7m / Interest Expense TTM 5.57m)
EV/FCF = 11.70x (Enterprise Value 3.39b / FCF TTM 289.7m)
FCF Yield = 8.54% (FCF TTM 289.7m / Enterprise Value 3.39b)
FCF Margin = 42.65% (FCF TTM 289.7m / Revenue TTM 679.3m)
Net Margin = 28.61% (Net Income TTM 194.4m / Revenue TTM 679.3m)
Gross Margin = 80.74% ((Revenue TTM 679.3m - Cost of Revenue TTM 130.9m) / Revenue TTM)
Gross Margin QoQ = 76.77% (prev 72.43%)
Tobins Q-Ratio = 5.43 (Enterprise Value 3.39b / Total Assets 624.6m)
Interest Expense / Debt = 2.87% (Interest Expense 5.57m / Debt 193.8m)
Taxrate = 13.06% (29.2m / 223.6m)
NOPAT = 147.5m (EBIT 169.7m * (1 - 13.06%))
Current Ratio = 2.69 (Total Current Assets 519.7m / Total Current Liabilities 193.5m)
Debt / Equity = 0.71 (Debt 193.8m / totalStockholderEquity, last quarter 273.8m)
Debt / EBITDA = -0.69 (Net Debt -121.3m / EBITDA 176.8m)
Debt / FCF = -0.42 (Net Debt -121.3m / FCF TTM 289.7m)
Total Stockholder Equity = 259.5m (last 4 quarters mean from totalStockholderEquity)
RoA = 36.75% (Net Income 194.4m / Total Assets 624.6m)
RoE = 74.89% (Net Income TTM 194.4m / Total Stockholder Equity 259.5m)
RoCE = 37.49% (EBIT 169.7m / Capital Employed (Equity 259.5m + L.T.Debt 193.1m))
RoIC = 24.98% (NOPAT 147.5m / Invested Capital 590.6m)
WACC = 15.62% (E(3.51b)/V(3.71b) * Re(16.34%) + D(193.8m)/V(3.71b) * Rd(2.87%) * (1-Tc(0.13)))
Discount Rate = 16.34% (= CAPM, Blume Beta Adj.) -> capped to 12.54%
Shares (quarterly) Correlation: 3.90 | Cagr: 1.23%
[DCF] Terminal Value 58.05% ; FCFF base≈268.5m ; Y1≈307.8m ; Y5≈453.0m
[DCF] Fair Price = 268.6 (EV 2.95b - Net Debt -121.3m = Equity 3.07b / Shares 11.4m; r=15.62% [WACC]; 5y FCF grow 15.0% → 2.50% )
EPS Correlation: N/A | EPS CAGR: N/A | SUE: -0.93 | # QB: -2
Revenue Correlation: 99.53 | Revenue CAGR: 46.50% | SUE: -0.76 | # QB: 0
EPS current Quarter (2027-03-31): EPS=4.95 | Chg30d=+0.15% | Revisions=+50% | Analysts=11
EPS current Year (2026-12-31): EPS=17.38 | Chg30d=+0.05% | Revisions=+40% | GrowthEPS=+31.8% | GrowthRev=+32.0%
EPS next Year (2027-12-31): EPS=22.26 | Chg30d=+0.27% | Revisions=+29% | GrowthEPS=+28.1% | GrowthRev=+22.9%
[Analyst] Revisions Ratio: +58% (up=8, down=1)