StocksMediumUpdated•Originally published 4 November 2026•Updated 5 November 2026•
1 min read
Dave Stock Slumps After Q3 Profit Misses Estimates Despite Raised Guidance
Key Facts
1Dave reported third-quarter profits that trailed analyst estimates despite achieving higher revenue.
2The company raised its forward guidance despite the immediate stock price slump.
Dave reported third-quarter 2026 profits that trailed analyst estimates, triggering a decline in its share price. Seeking Alpha reported that the company's revenue grew 31% year-over-year to $197.7 million, exceeding expectations, while adjusted EBITDA rose 39% to reach $81.5 million during the period.
The company raised its full-year financial guidance and expanded its ExtraCash receivables capacity to $325 million, though these metrics failed to offset the reaction to the profit miss. Dave was trading lower on November 4, 2026, as the bottom-line results overshadowed the significant revenue growth and credit capacity expansion.