Dave Inc's stock experienced a significant after-hours plunge of 11.81% on Tuesday, following the release of the company's first-quarter financial results.

Despite reporting strong quarterly performance that exceeded analyst expectations, with adjusted earnings per share of $3.64 beating estimates by 26.83% and revenue of $158.4 million surpassing projections, investors sharply sold the stock in after-hours trading. The company also reported improved credit performance and accelerated member growth, adding 695,000 new members in the quarter.

The sell-off occurred even as Dave Inc raised its full-year 2026 guidance, projecting revenue of $710 million-$720 million and adjusted EBITDA of $305 million-$315 million. The market reaction suggests investors may have been expecting even stronger results or are concerned about broader sector trends, as peer performance in the Consumer Finance sector was mixed during the same period.