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Dave (DAVE)
NASDAQ:DAVE
Holding DAVE?
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Earnings Data
Report Date
Mar 11, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
$1.08Last Year’s EPS
$0.51Same Quarter Last Year
Strong Buy
Based on 7 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Nov 12, 2024
|% Change Since: 39.87%
|Next Earnings Date:Mar 11, 2025
Earnings Call Sentiment|Positive
The earnings call highlighted strong revenue growth and improvements in key financial metrics such as variable margin and adjusted EBITDA. Despite facing an FTC legal challenge, the company remains optimistic about its strategic initiatives and growth outlook.Company Guidance
During Dave's Q3 2024 earnings call, CEO Jason Wilk highlighted the company's strong financial performance, reporting record revenue of nearly $93 million, a 41% increase year-over-year. The company achieved a 63% sequential rise in adjusted EBITDA to approximately $25 million, surpassing the full-year guidance target set at the year's start. This growth was driven by a 23% increase in monthly transacting members and a 14% rise in average revenue per user (ARPU). Dave also expanded its variable margin by 1,300 basis points, thanks to enhanced credit performance through Cash AI and an improved underwriting model. Despite a legal challenge from the FTC, the company maintained its financial forecast and raised its full-year revenue and adjusted EBITDA guidance. Additionally, Dave is exploring a new mandatory fee structure for its ExtraCash product to potentially replace optional tips and instant transfer fees, aiming to sustain or increase long-term value.Record Revenue Growth
Dave achieved record revenue of nearly $93 million, marking a 41% increase from the previous year. This represents the fourth consecutive quarter of accelerating year-over-year revenue growth.
Variable Margin and EBITDA Growth
Variable margin expanded by 1,300 basis points year-over-year. Adjusted EBITDA increased by 63% sequentially to approximately $25 million for the quarter.
Improvements in Credit Performance
The 28-day delinquency rate improved to 1.78%, down 64 basis points year-over-year, driven by the Cash AI underwriting engine.
Increased ExtraCash Originations
ExtraCash originations grew 46% year-over-year to $1.4 billion, with a 17% increase in average origination size.
Efficient Member Acquisition
The company acquired 4% more members year-over-year while spending nearly 10% less on marketing, resulting in a 14% decrease in customer acquisition cost.
Strategic Partnership Initiative
Entered a nonbinding letter of intent to form a strategic partnership with a respected sponsor bank to enhance product offerings.
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DAVE Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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DAVE Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Nov 12, 2024 | $62.80 | $90.43 | +44.00% |
| Aug 05, 2024 | $30.58 | $31.21 | +2.06% |
| May 07, 2024 | $46.54 | $52.30 | +12.38% |
| Mar 05, 2024 | $21.90 | $36.00 | +64.38% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Dave (DAVE) report earnings?
Dave (DAVE) is schdueled to report earning on Mar 11, 2025, TBA Not Confirmed.
What is Dave (DAVE) earnings time?
Dave (DAVE) earnings time is at Mar 11, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is DAVE EPS forecast?
DAVE EPS forecast for the fiscal quarter 2024 (Q4) is $1.08.
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