@davebanking
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Dave is your ultimate financial friend, leveling the financial playing field for everyone. Download Dave app here 👇 [email protected] 🐻 Terms: https://nitter.cf/t.co/Mfb5OxQiag
Los Angeles, CA
Joined October 2016
- Tweets6.3K
- Following46
- Followers11.3K
- Likes1.1K
Q2 2026 was an excellent quarter for Dave:
– Revenue grew 30% Y/Y to $170.8M - our 9th consecutive quarter of at least 30% Y/Y growth
– 28-Day Past Due rate improved 6% Y/Y to 2.12%, even as ExtraCash originations grew 27% Y/Y to $2.3B
– Adj. EBITDA rose 48% Y/Y to $75.5M
– Increased member acquisition by 32% Y/Y while keeping customer acquisition costs flat at $19
During the quarter, we rolled out CashAI v6.0, our largest and most efficient AI underwriting model to date. We also expanded Dave Flex test cohorts, following promising early engagement.
Based on the strength of our performance in H1 and the depth of our product roadmap, we’re raising our FY2026 guidance for revenue, adj. EBITDA, and adj. diluted EPS.
Congrats to the team for a great result!
See the full press release here: investors.dave.com/news-rele…
We’re excited to announce Gopi Kuchimanchi as Dave’s new Chief Technology Officer.
Since joining Dave in 2021, Gopi has helped build CashAI and the technical architecture, core payments and banking infrastructure of Dave’s product suite.
In his expanded role, Gopi will focus on extending Dave’s technology leadership to drive further growth and profitability.
Congrats, Gopi! 🎉
Read more: investors.dave.com/news-rele…
Q1 2026 was another very strong quarter for Dave:
- Revenue grew 47% Y/Y to $158.4M
- 28-Day Past Due rate reached a record Q1 low of 1.69%
- Net monetization increased to 5.1% - its highest level in 4 years
- Net income grew 101% Y/Y to $57.9M and adj. EBITDA rose 57% Y/Y to $69.3M
- Monthly Transacting Members increased 18% Y/Y to 2.99M
- ARPU expanded 24% Y/Y
- Approx. $195M in share repurchase activity, representing 7% of shares outstanding
With a record credit performance, continued investment in CashAI and strong execution, we’re raising 2026 revenue, adj. EBITDA and adj. diluted EPS guidance.
Well done to the whole team for such a strong start to the year!
See the full press release here: investors.dave.com/news-rele…
Our founder/CEO Jason Wilk spoke at @restivevc annual conference, covering:
- How @davebanking pioneered cash flow-based underwriting AND marrying that with AI
- The evolution of the industry
- The opportunity in building credit-inclusive banking for everyday Americans
See the full interview: youtube.com/watch?v=cm8OmdZA…
@Jasonwilk and @kyle_beilman spoke to @BarnieTaintpipe and @capital_mindset, covering topics including:
– Why @davebanking was founded to take on legacy overdraft fees
– Our journey to becoming an established public company serving 14 million customers
– How our business model sets us up for long-term success in a very large market
Building credit-inclusive banking for everyday Americans starts with smarter, AI-powered underwriting.
See the conversation here: youtube.com/watch?v=nS2NA1bw…
Our founder and CEO @Jason Wilk joined the @RiskReversal podcast, covering:
His founder journey
Dave’s Q4/FY 25 earnings
Why the future of fintech belongs to companies building trust with customers that traditional banks have ignored
Check out the convo: youtube.com/watch?v=1R3l-wvV…
The consumer is stretched, with budgets leaving little room for error.
That's why $DAVE exists.
CEO Jason Wilk recently on @CNBCFastMoney: AI-powered underwriting, loss rates down to nearly 1% and looking to grow headcount while others cut.
Watch: investors.dave.com/news-even…
Q425 was a record quarter; FY25 was a record year!
In Q4:
- Rev up 62% YoY
- MTMs up 19% YoY
- ARPU up 36% YoY
- ExtraCash originations up 50% YoY
Big numbers and a big year ahead…
investors.dave.com/news-rele…
As CEO Jason Wilk said:
- We again proved our model’s durability
- CashAI is a competitive moat
- We’re early in our journey
- We start 2026 in a great position
Big thanks to the Dave team!
Read the full announcement here: investors.dave.com/news-rele…
Dave is thrilled to announce the appointment of @parkerbarrile as our new Chief Product Officer. Parker is an outstanding leader, who will help drive the next phase of Dave’s growth and further strengthen our position as a fintech leader.
investors.dave.com/news-rele…
Our CEO Jason Wilk and CFO & COO @Kyle Beilman joined the @Marketopolis podcast to speak about:
· Dave's cost discipline
· Our pioneering use of AI in cash flow-based underwriting
· Dave’s growth potential
·Their long-term outlook on the business
#Dave
Our CEO @JasonWilk joined @RyanFalvey on @restivevc to discuss how Dave is using AI to level the playing field for millions of Americans.
🎧Check out the conversation here youtu.be/76C0pq6sJmg
#AI #Fintech #Dave
Fireside Chat with Dave CEO, Jason Wilk, at Canaccord conference highlights Record Q2 earnings and recently upsized stock buyback program:
investors.dave.com/events/ev…
4th consecutive qtr of accelerating growth for Dave in Q3, up 41% YoY to $93mm. We raised FY24 Rev. and Adj. EBITDA guidance to $340-343mm and $71–74mm, respectively. Q3 earnings: bit.ly/3Z4NYdu
