By Katherine Hamilton
Dave shares rose after its outlook and fourth-quarter earnings beat expectations.
The stock gained 8% to $103 after market close on Monday. It has more than quadrupled in value over the past year.
The Los Angeles lending company expects to make $415 million to $435 million in 2025 revenue, ahead of analysts' estimates of $407.7 million.
Revenue in the fourth quarter rose 38% to $100.9 million. Analysts polled by FactSet expected $95.2 million.
Adjusted earnings per share were $2.04, ahead of the 94 cents forecast by Wall Street.
"In mid-Q1 of 2025, we fully transitioned to our new fee structure which we expect to result in even greater ExtraCash limits, monetization, and member lifetime value going forward," Chief Executive Jason Wilk said.
Write to Katherine Hamilton at katherine.hamilton@wsj.com
(END) Dow Jones Newswires
March 03, 2025 18:33 ET (23:33 GMT)
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