The information provided on EL7.AI is for educational and informational purposes only and does not constitute financial advice.
The information provided on EL7.AI is for educational and informational purposes only and does not constitute financial advice.
| Factor | Score | Distribution | Value | Avg | Rank |
|---|---|---|---|---|---|
Valuation | 34 | 25.5x | 20.8x | Bottom tier | |
Growth | 95 | 58.5% | 6.1% | Top tier | |
Quality | 96 | 62.1% | 6.6% | Top tier | |
Safety | 89 | 0.6x | 0.7x | Top tier | |
Capital Return | 44 | — | 2.02% | Around median | |
Momentum | 94 | 52.5% | 4.1% | Top tier | |
Sentiment | 44 | 8 | 3 | Around median |
Estimates — analyst targets and a simplified DCF, not investment advice.
Ten ratios that matter, each compared against its sector median and average — so you can see whether a number is rich or cheap relative to peers in the same sector.
Dave Inc. (NASDAQ: DAVE) is one of the leading digital banks in the United States, specializing in providing innovative and accessible credit products to American consumers to meet their daily financial needs. The company's business model relies primarily on offering short-term credit solutions, such as its famous ExtraCash product for emergency funding, Dave Card banking cards, and its new Dave Flex product based on an installment payment mechanism. The company generates revenue through optional service fees, transaction fees, and member subscriptions, allowing it to continuously expand its active user base.
During the first quarter of 2026, Dave Inc. achieved strong financial results, with total revenue reaching $158.4 million, representing a 47% year-over-year growth, despite a slight seasonal decline of 3% compared to the fourth quarter of 2025 due to tax refund season. GAAP net income was approximately $57.9 million ($4.02 earnings per share), marking a spectacular 101% jump compared to the first quarter of the previous year. Adjusted EBITDA also rose by 57% to reach $69.3 million, with profit margins improving by 300 basis points to 44%, driven by an 18% increase in Monthly Active Members (MTMs) to 2.99 million and a 24% year-over-year growth in Average Revenue Per User (ARPU).
Dave Inc. stock is currently trading within its 52-week range of $152.21 to $318.66, placing it below the analyst consensus average price target of $325.8. The analyst consensus clearly indicates a Buy recommendation, with target prices ranging from a low of $300 to a high of $345, reflecting market optimism regarding the company's strong growth and its ability to achieve its elevated financial targets for 2026.
Figures in the text are as of 2026-06-20; the live price is shown at the top of the page.
The Dave Flex product, commercially known as Pay in 4, is a responsible credit solution that allows users to pay for their purchases in 4 easy installments aligned with their paydays, without compound interest, late fees, or traditional credit checks. The company began testing this product with a group of members in April 2026, and although it will not contribute materially to 2026 revenue, management is counting on it as a key driver to increase Average Revenue Per User (ARPU) and deepen engagement starting in 2027.
Dave Inc. is scheduled to begin transitioning its ExtraCash product receivables to an off-balance sheet funding structure in partnership with Coastal Community Bank during the summer of 2026. This strategic shift will help unlock over $200 million in cash liquidity, lower the cost of capital, and enable the company to fully pay off its existing credit facilities. Fees paid to the bank will be recorded as operating expenses impacting the non-GAAP gross margin, but they will be added back when calculating Adjusted EBITDA.
Dave Inc. allocated $194.9 million during the first quarter of 2026 for share repurchases and net settlements of restricted stock units, reducing the primary share count by 6% from 13.6 million shares at the end of 2025 to 12.7 million shares by the end of the first quarter. These transactions included a $70 million private repurchase executed concurrently with the offering of $200 million in zero-coupon convertible notes in early March 2026. The company currently has approximately $113.3 million in remaining capacity under its approved buyback authorization, which it plans to utilize opportunistically.
Automated analysis for informational purposes only — not investment advice.
Artificial intelligence technology plays a pivotal role in Dave Inc.'s credit underwriting processes, where the Cash AI V5.5 release launched in late Q3 2025 helped reduce the 28-day plus delinquency rate (28 DPD) to a historical first-quarter low of 1.69%. This system allows the company to maintain full control over credit quality and safely expand the funding amounts granted to customers without relying on traditional FICO scores. The company is preparing to start testing the newer Cash AI V6.0 version over the next few months to continue improving predictive accuracy, increasing funding values, and boosting average revenue per user.
The decision to raise the full-year 2026 financial guidance, marking the eighth consecutive quarter the company has raised its outlook, was driven by strong operating results in the first quarter, improved credit quality, and a rapid recovery in transaction volumes in April 2026. The company now expects annual revenue to range between $710 million and $720 million, and Adjusted EBITDA between $305 million and $315 million. Additionally, adjusted diluted earnings per share guidance was raised to a range of $16.25 to $16.75, compared to the previous guidance of $14 to $15, assuming an effective tax rate of 23%.