Dave

Dave is engaged in offering banking app that offers its customers banking, financial insights, overdraft protection, building credit, and finding side gigs.

Earnings data Q4 2021

Earnings data Q1 2022

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Earnings data Q4 2022

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Earnings data Q4 2024

Dave reports strong Q4 growth, eyes profitability and market expansion

Dave's Q4 2022 results reflect robust growth in revenue, membership base, and financial efficiency, positioning the company for continued success.
While challenges like managing costs and reducing losses persist, Dave's strategic focus on growth and profitability sets a positive trajectory for 2023.
Opportunities in customer acquisition, revenue diversification, and operational improvements provide avenues for sustained growth and value creation.
Overall, Dave's performance, strengths, and outlook signal a promising future with a clear path towards achieving its financial targets and enhancing shareholder returns.

Dave (DAVE) reports robust Q1 performance and optimistic 2023 outlook

Dave's Q1 2023 performance reflects strong revenue growth, improved financial metrics, and a positive outlook for the year ahead.
The company's focus on member acquisition, engagement, and cost management highlights its strategic approach to sustainable growth.
While challenges in achieving profitability persist, Dave's opportunities lie in leveraging its strengths to drive further revenue growth and market expansion.

Dave reports stellar Q2 results, eyes growth through strategic initiatives

Dave's Q2 2023 performance showcased impressive revenue growth, efficient member acquisition, and strong financial metrics, underlining its position in the financial services sector.
Strategic initiatives like the Dave Debit Card and the addition of Imran Khan as a stakeholder signal a focused approach towards enhancing customer relationships and industry expertise.
While challenges in sustaining growth and managing expenses exist, Dave's solid financial foundation and growth opportunities position it favorably for future success.

Dave (DAVE) reports robust Q3 performance and eyes profitability

Dave's Q3 performance showcased strong growth in revenue, member base, and operational efficiency, setting the stage for future profitability.
The company's strategic initiatives and improved financial metrics demonstrate a positive outlook for sustained growth and value creation.
While challenges remain in achieving profitability, Dave's focus on cost optimization and revenue enhancement positions it well for future success.

Dave reports record Q4 performance, eyes growth through member relationships

Dave's Q4 2023 earnings call highlighted exceptional financial performance, marked by record EBITDA and positive net income. Strategic investments in digital services and strong member acquisition underscore the company's growth potential. While challenges in sustaining growth exist, opportunities to deepen member relationships and drive profitability are key focus areas for Dave.

Dave reports robust Q1 earnings, eyes disciplined growth strategy

Dave's Q1 2024 performance was marked by strong revenue growth, improved credit metrics, and enhanced member engagement through innovative AI solutions. The company aims to navigate the challenge of scaling marketing spend while ensuring profitability, leveraging opportunities in its product offerings for continued growth.

Dave reports stellar Q2 results, eyes marketing expansion for growth

Dave's Q2 2024 earnings call reflects robust financial performance, strategic marketing optimization, and a focus on enhancing customer engagement. While facing challenges in member acquisitions and marketing spend, Dave is well-positioned to leverage opportunities for sustained growth and success.

Dave reports record Q3 revenue and EBITDA growth, eyes strategic partnerships

Dave's Q3 performance reflects robust growth in revenue and EBITDA, driven by strong ExtraCash originations and improved underwriting. While facing legal challenges, the company remains confident in its financial outlook and strategic partnerships. Dave aims to capitalize on opportunities by enhancing its product offerings and member engagement.

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Dave, Inc. is a digital banking service. Its products include a budgeting tool to help members manage their upcoming bills to avoid overspending, cash advances through its flagship ExtraCash product to help members avoid punitive overdraft fees, a Side Hustle product, where Dave helps connect members with supplemental work opportunities, and Dave Banking, a modern checking account experience with valuable tools for building long-term financial health. The company was founded by Jason Wilk, Paras Chitrakar, and John Wolanin in October 2015 and is headquartered in Los Angeles, CA.

Dave has developed a digital banking application that offers many unique features from zero overdraft "free cash" to side hustles. Its platform has 7.8 million members and the company increased its revenue by a rapid 48% year over year.

Dave: Fintech Pioneer With Digital Banking Tailwinds

LOS ANGELES--( BUSINESS WIRE )--Dave Inc. (the “Company”) (Nasdaq: DAVE, DAVEW), one of the leading U.S. neobanks on a mission to build products that level the financial playing field, today announced that its Board of Directors has approved a 1-for-32 reverse stock split of the Company's Class A common stock and Class V common stock (collectively, the “Common Stock”). The reverse stock split will become effective at 5:01 p.m. Eastern Time today, January 5, 2023, after close of trading on The Nasdaq Global Market. The Company's Class A common stock is expected to commence trading on a split-adjusted basis when the markets open on January 6, 2023 under the existing trading symbol “DAVE.” Based on the closing price as of January 5, 2023, the implied post-split share price is approximately $9.44.

Dave Inc. Announces Reverse Stock Split Effective

Few companies embody fintech's rise and fall as much as Dave, one of a new breed of digital banking providers taking on the likes of JPMorgan Chase.

'We're alive and kicking': CEO of banking app Dave wants to dispel doubts after this year's 97% stock plunge

Dave Inc. (NASDAQ:DAVE ) Q3 2022 Earnings Conference Call November 10, 2022 5:30 PM ET Company Participants Jason Wilk – Chairman and Chief Executive Officer Kyle Beilman – Chief Financial Officer Conference Call Participants Michael Falco – JMP Securities Operator Greetings, and welcome to Dave's Third Quarter 2022 Earnings Call. As a reminder, this conference is being recorded.

Dave Inc. (DAVE) Q3 2022 Earnings Call Transcript

LOS ANGELES, Nov. 11, 2022 (GLOBE NEWSWIRE) -- Dave  Inc. (NASDAQ: DAVE, DAVEW) (“Dave” or the “Company”), one of the leading U.S. neobanks on a mission to build products that level the financial playing field, today announced that the Company will be participating in the following investor conferences:

Dave to Participate in Upcoming Investor Conferences

Record GAAP Operating Revenue and Non-GAAP Operating Revenue, Which Increased 41% Year Over Year

Dave Reports Third Quarter 2022 Financial Results

Dave Inc. (DAVE) witnesses a hammer chart pattern, indicating support found by the stock after losing some value lately. This coupled with an upward trend in earnings estimate revisions could mean a trend reversal for the stock in the near term.

Here's Why Dave Inc. (DAVE) Looks Ripe for Bottom Fishing

LOS ANGELES , Nov. 2, 2022 /PRNewswire/ -- Dave Inc. (NASDAQ: DAVE) (NASDAQ: DAVEW), a banking app on a mission to build products that level the financial playing field, today announced that it officially surpassed $5 billion in total advances and overdraft advances to its members with its ExtraCash service. This milestone was achieved at the end of the third quarter, with total advance and overdraft advance origination volume almost doubling over the last 12 months.

Dave Reaches Significant Corporate Milestone - Over $5 Billion in Overdraft Advances Since the Company's Founding

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LOS ANGELES, Oct. 31, 2022 (GLOBE NEWSWIRE) -- Dave Inc. (Nasdaq: DAVE, DAVEW), a banking app on a mission to build products that level the financial playing field, today announced that its third quarter 2022 financial results will be released after market close on Thursday, November 10, 2022. Dave will host a conference call to discuss third quarter 2022 financial results at 5:30pm ET the same day. Hosting the call will be Jason Wilk, Co-Founder and Chief Executive Officer, and Kyle Beilman, Chief Financial Officer.

Dave to Announce Third Quarter 2022 Results on November 10, 2022

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LOS ANGELES , Sept. 6, 2022 /PRNewswire/ -- Dave Inc. (NASDAQ: DAVE, DAVEW), a banking app on a mission to build products that level the financial playing field, today announced that Chien-Liang Chou has been named Chief Technology Officer, effective immediately.

Dave Announces the Appointment of Chien-Liang Chou as its New Chief Technology Officer

Board welcomes diversified leader and marketing expert to accelerate Dave's growth in providing a superior nationwide banking solution LOS ANGELES , Aug. 25, 2022 /PRNewswire/ -- Dave Inc. (NASDAQ: DAVE, DAVEW), a banking app on a mission to build products that level the financial playing field, today announced the appointment of Tesa Aragones to its Board of Directors, effective August 23, 2022. Aragones will also serve as a member of the company's nominating and corporate governance committee.

Dave Appoints Brand Marketing and Digital Product Expert Tesa Aragones to Board of Directors

LOS ANGELES, Aug. 15, 2022 (GLOBE NEWSWIRE) -- Dave, Inc. (Nasdaq: DAVE) (“Dave” or the “Company”), a banking app on a mission to build products that level the financial playing field, today announced that it will host a Town Hall event for retail investors on the investing platform Public.com on Thursday, August 18, 2022.

Dave Founder & CEO Jason Wilk to Host Public.com Town Hall for Retail Investors

Dave Inc. (NASDAQ:DAVE ) Q2 2022 Earnings Conference Call August 11, 2022 5:30 PM ET Company Participants Jason Wilk - Chief Executive Officer & Chairman of the Board Kyle Beilman - Chief Financial Officer Conference Call Participants Sagiv Hartmayer - Jefferies Operator Greetings, and welcome to Dave's Second Quarter 2022 Earnings Call. As a reminder, this conference is being recorded.

Dave Inc. (DAVE) CEO Jason Wilk on Q2 2022 Results - Earnings Call Transcript

This small-cap financial services stock was weighed down by a lower profit margin.

Why Dave Stock Was Falling This Week

Achieves Record Quarterly Non-GAAP Operating Revenue and Monthly Transacting Members in Q2 2022 Achieves Record Quarterly Non-GAAP Operating Revenue and Monthly Transacting Members in Q2 2022

Dave Reports Second Quarter 2022 Results

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Shares of Dave (NASDAQ: DAVE ) stock, a financial technology firm known for overdraft apps, rose sharply on speculation over a short squeeze. It had five times its normal trading volume on July 26, and shares were up about 40% overnight.

Is DAVE Stock the Next Big Short Squeeze?

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LOS ANGELES, July 21, 2022 (GLOBE NEWSWIRE) -- Dave, Inc. (Nasdaq: DAVE) (“Dave” or the “Company”), a banking app on a mission to build products that level the financial playing field, today announced that its second quarter 2022 financial results will be released after market close on Thursday, August 11, 2022. Dave will host a conference call to discuss second quarter 2022 financial results at 5:30pm ET the same day. Hosting the call will be Jason Wilk, Co-Founder and Chief Executive Officer, and Kyle Beilman, Chief Financial Officer.

Dave to Announce Second Quarter 2022 Results on August 11, 2022

LOS ANGELES--(BUSINESS WIRE)--Dave Inc. (NASDAQ: DAVE), the #1 banking app on a mission to build products that level the financial playing field, announced the results of its recent Harris Poll which surveyed Gen-Z and Millennial Americans about how they will spend this summer in the wake of mounting anxieties and pressures from inflation, high gas prices, Covid, and more. With inflation reaching a 8.6% rate this May, and increasing in June, Americans are facing tough decisions on when and how

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Dave ExtraCash™ aims to help everyday Americans combat inflation and higher costs of living; the new refreshed ExtraCash™ account provides overdraft advances up to $500 for members and now enables an instant spending option with the Dave debit card. LOS ANGELES , June 16, 2022 /PRNewswire/ -- Dave Inc. (NASDAQ: DAVE), a banking app on a mission to build products that level the financial playing field, today announced the rollout of Dave ExtraCash™ $500 and Instant to eligible new members with a plan for a full rollout through the summer months.

Dave Increases ExtraCash™ Overdraft Limit to $500 And Launches Instant Access

Dave rolls out rewards for everyday essentials, including a 10% promo on gas purchases, to help members combat inflation Dave rolls out rewards for everyday essentials, including a 10% promo on gas purchases, to help members combat inflation

Dave Launches Cash Back Rewards to All Dave Spending Members

LOS ANGELES, May 17, 2022 (GLOBE NEWSWIRE) -- Dave, Inc. (Nasdaq: DAVE, DAVEW) (“Dave” or the “Company”), a banking app on a mission to build products that level the financial playing field, today announced that Jason Wilk, Co-Founder and CEO, and Kyle Beilman, CFO, will be participating in the J.P Morgan 50th Annual Global Technology, Media and Communications Conference on Wednesday, May 25, 2022 in Boston, MA. The fireside chat will begin at 1:10pm ET.

News for Dave Stock (DAVE)