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Dave Inc. (DAVE)
:DAVE
Earnings Data
Report Date
May 13, 2025TBA Not Confirmed
Period Ending
2025 (Q1)Consensus EPS Forecast
0.75Last Year’s EPS
0.62Same Quarter Last Year
Strong Buy
Based on 7 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Mar 03, 2025
|% Change Since: -12.28%
|Next Earnings Date:May 13, 2025
Earnings Call Sentiment|Positive
The earnings call highlighted significant achievements in revenue, profitability, and member growth, alongside successful strategic initiatives like the new fee structure and partnership with Coastal Community Bank. However, challenges such as increased marketing costs and ongoing litigation with regulatory bodies were noted. The positive aspects and future outlook outweigh the challenges, resulting in an overall positive sentiment.Company Guidance
In the conference call discussing Dave's financial results for the fourth quarter and full year ended December 31, 2024, the company provided key metrics and guidance reflecting strong performance and future expectations. Dave achieved a record-setting fourth quarter with over $100 million in quarterly revenue and more than $30 million in quarterly adjusted EBITDA for the first time. The company surpassed original and updated guidance throughout 2024, driven by a 17% year-over-year growth in Multi-Transacting Members (MTMs) to 2.5 million and a 44% increase in ExtraCash originations to $1.5 billion. Member acquisition grew 12% year-over-year, supported by a 26% increase in marketing spend, while maintaining a 12% increase in Customer Acquisition Cost (CAC). Average Revenue Per User (ARPU) expanded for six consecutive quarters, up 18% year-over-year in Q4. Credit performance improved, with a 53-basis point or 24% year-over-year improvement in the 28-day delinquency rate. The company also transitioned to a new fee structure for ExtraCash, introducing a 5% fee on transactions, which is expected to further enhance monetization and retention. For 2025, Dave anticipates GAAP revenue growth between 20% and 25%, and adjusted EBITDA growth between 27% and 39%, indicating another year of record performance.Record-Breaking Revenue and Profitability
Dave achieved over $100 million in quarterly revenue and more than $30 million in quarterly adjusted EBITDA for the first time, marking a significant milestone in their financial performance.
Strong Member Growth and Retention
Multi-transacting member (MTM) growth remained strong, with a 17% year-over-year increase in Q4 to 2.5 million MTMs, supported by stable customer acquisition costs (CACs) and enhanced member retention.
ARPU and Credit Performance Improvement
Average Revenue Per User (ARPU) exceeded expectations, driven by expanding average extra cash sizes and improved engagement. Credit performance improved with a 53-basis point improvement in the 28-day delinquency rate.
Successful Transition to New Fee Structure
Dave transitioned to a new fee structure for ExtraCash with positive conversion, retention, and monetization trends, fully migrating by February 19, 2025.
Strategic Partnership with Coastal Community Bank
Dave finalized a new strategic partnership with Coastal Community Bank, enhancing their ability to sponsor ExtraCash and banking products.
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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 |
|---|---|---|---|
| Mar 03, 2025 | $95.03 | $90.38 | -4.89% |
| 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% |
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 Inc. (DAVE) report earnings?
Dave Inc. (DAVE) is schdueled to report earning on May 13, 2025, TBA Not Confirmed.
What is Dave Inc. (DAVE) earnings time?
Dave Inc. (DAVE) earnings time is at May 13, 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 2025 (Q1) is 0.75.
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