$DAVE

Dave Inc./DE (DAVE) filed an SEC Form 8-K — Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers. 8-K false 0001841408 Dave Inc./DE 0001841408 2026-08-12 2026-08-12 0001841408 us-gaap:CommonClassAMember 2026-08-12 2026-08-12 0001841408 us-gaap:WarrantMember 2026-08-12 2026-08-12 UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 8-K CURRENT REPORT Pu

Dave (DAVE) reported Q2 2026 results. Total revenue was $171 million, up 30% year over year. MTMs rose 17% to $3.08 million and ARPU grew 11%. The company added 951,000 new members (+32% YoY) with CAC flat at $19. ExtraCash originations were $2.3 billion (+27% YoY). 28-day past due improved to 2.12% (down 14 bps YoY).

Dave Inc. (NASDAQ:DAVE) reported Q2 metrics and discussed pricing changes, ExtraCash limit increases, and rolling out CashAI v6 to about one-third of users. Non-GAAP gross profit rose 34% to $124M, and 28-day past-due improved to 2.12%. Provision for credit losses was $29M. Dave raised 2026 guidance: revenue $725M-$735M, adj. EBITDA $315M-$325M, adj. diluted EPS $17.00-$17.50.

Dave (DAVE) shares fell more than 15% after its Q2 earnings report. Revenue rose 30% to $170.8M and adjusted net income increased 39% to $56.4M, or $4.12/share. It beat EPS estimates but missed revenue consensus. Dave raised FY2026 guidance to $725M-$735M and adjusted EPS to $17-$17.50.

Stocks fell Thursday as oil and Treasury yields rose and investors weighed uncertainty over U.S. stance on an Oman-Iran Strait of Hormuz reopening. S&P 500 fell 0.2% to 7,710, Dow -0.9%, Nasdaq -0.06%. Sandisk (SNDK) dropped 6.8% after topping forecasts but issuing fiscal 2027 Q1 revenue guidance of $10.3B-$10.8B vs $10.82B expected. Dave (DAVE) fell 15.1% after Q2 EPS $4.12 and revenue $170.8M, with slowing YoY growth.

Dave Inc. (Nasdaq: DAVE) reported Q2 2026 revenue of $170.8 million, up 30% year over year, driven by MTM growth and higher ARPU. Net income was $6.7 million including $36.9 million non-cash warrant and earnout remeasurement charges. Adjusted EBITDA rose 48% to $75.5 million. The company raised 2026 guidance for revenue, adjusted EBITDA and adjusted diluted EPS.

Dave Inc./DE (DAVE) filed an SEC Form 8-K — Results of Operations and Financial Condition. EX-99.1 2 dave-ex99_1.htm EX-99.1 EX-99.1 Exhibit 99.1 Dave Reports Second Quarter 2026 Financial Results Q2 Revenue Grows 30% Y/Y to $170.8 Million Driven by Continued MTM Growth and ARPU Expansion 28-DPD Rate Improves 14 Basis Points Y/Y to 2.12%, While ExtraCash Originations G

Analysts issued multiple rating changes. Humana (HUM) was upgraded by Leerink to Outperform with a $513 target and by Piper Sandler to Overweight with a $463 target. Bloom Energy (BE), Sprouts (SFM), uniQure (QURE), and Core Scientific (CORZ) also saw upgrades. Las Vegas Sands (LVS) was downgraded to Hold by Argus. Other actions included P&G (PG), SiteOne (SITE), Capricor (CAPR), and Fannie Mae (FNMA).

Dave (DAVE) reported fiscal Q1 2026 revenue of $158.4 million, up 47% year over year, and adjusted EBITDA of $69.3 million, up 57%. Per-share earnings were $3.64 versus $2.86 consensus. The company raised annual revenue guidance to as much as $720 million and EPS to $16.75. Shares are up 91% YTD, with MoneyFlows citing institutional inflow data.

Dave Inc. (Nasdaq: DAVE) appointed Gopi Kuchimanchi as Chief Technology Officer, effective immediately. The company says he joined in 2021, became VP of Technology in 2023, and helped develop its CashAI underwriting engine and core payments/banking infrastructure. Kuchimanchi will report to CEO Jason Wilk and focus on technology leadership to support growth and profitability.