Overview

• U.S. neobank's Q4 revenue rose 62% yr/yr to $163.7 mln

• Q4 net income grew 292% yr/yr to $66.0 mln

Outlook

• Dave projects 2026 revenue growth of 25% to 28%

• Company expects 2026 adjusted EBITDA between $290 mln and $305 mln

Result Drivers

• ARPU EXPANSION - Co reported a 36% year-over-year increase in ARPU, contributing to revenue growth

• EXTRACASH ORIGINATIONS - ExtraCash originations grew 50% year-over-year, improving unit economics

• UNDERWRITING ENHANCEMENTS - Improved underwriting reduced past due rates and supported growth

Company press release: ID:nPn7PXFVta

Key Details

Analyst Coverage

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 10 "strong buy" or "buy", no "hold" and no "sell" or "strong sell"

• The average consensus recommendation for the financial technology (fintech) peer group is "buy"

• Wall Street's median 12-month price target for Dave Inc is $297.00, about 53.7% above its February 27 closing price of $193.27

• The stock recently traded at 16 times the next 12-month earnings vs. a P/E of 18 three months ago

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)