Dave Inc. Reports Q3 2026 Results with 31% Revenue Growth and Raised Guidance
Dave Inc. (Nasdaq: DAVE) reported strong third-quarter 2026 financial results, highlighted by a 31% year-over-year increase in revenue to $198 million. The growth was driven by record new member acquisition and expansion in Average Revenue Per User (ARPU). Net income for the quarter reached $64 million, while Adjusted EBITDA rose 39% year-over-year to $82 million, representing a 41% margin. The company demonstrated improved credit quality as its 28-day past due rate fell to 2.09%, with September figures dropping below 2.00% following the deployment of CashAI v6.0. Additionally, Dave reported successful early traction for its new 'Dave Flex' Pay in Four credit card product. Due to this momentum, management has raised its full-year 2026 guidance for revenue, Adjusted EBITDA, and Adjusted Diluted EPS.
Tickers: $DAVE
Topics: Financial Results Guidance Raise Net Income Revenue Growth
Read the full article at PR Newswire
Part of the story Allstate Reports Q3 2026 Results with Revenue Growth and Increased Policy Volume (20 articles)