Dave Inc's stock experienced a 6.40% plunge in after-hours trading on Tuesday, following the release of the company's first-quarter financial results.

The company reported robust Q1 performance, with adjusted earnings per share of $3.64 beating analyst estimates of $2.87 by 26.83%. Revenue came in at $158.4 million, also surpassing expectations. Dave Inc raised its full-year 2026 guidance, projecting revenue of $710 million-$720 million and adjusted EBITDA of $305 million-$315 million.

Despite the strong results and optimistic outlook, investors sold the stock sharply. Market analysis suggests the sell-off may be attributed to investors having even higher expectations, concerns about mixed performance in the broader Consumer Finance sector, and potential profit-taking after the stock had risen significantly in the preceding quarter.