Dave Q4 revenue rises 62% to $163.7 million; 2026 revenue guided up 25%-28%
Dave Inc. reported fourth-quarter 2025 revenue of $163.7 million, up 62%, and net income of $66.0 million, up 292%, with full-year revenue of $554.2 million and net income of $195.9 million. The company also set 2026 guidance for revenue of $690 million to $710 million and raised its share repurchase authorization to $300 million from $125 million, which matters to shareholders because it signals both continued growth expectations and new capacity to buy back stock.
Key points
- Q4 2025 revenue was $163.7 million, up 62% from $100.9 million; GAAP net income was $66.0 million versus $16.8 million a year earlier.
- Full-year 2025 revenue was $554.2 million, up 60%; full-year GAAP net income was $195.9 million versus $57.9 million in 2024.
- 2026 guidance calls for revenue of $690 million to $710 million and Adjusted EBITDA of $290 million to $305 million.
- The board authorized a new buyback of up to $300 million, replacing the prior $125 million program, under which about $113.2 million remained available.
The filing
Written by AI (Anthropic Claude, claude-haiku-5-5) on Nov 8, 2026, 1:01 AM ET, from the text of the filing and its press-release exhibits only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on March 02, 2026.
Briefs are written by AI from the filing text (each brief's own page names the model) and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the model's reading of the filing for shareholders, not a price forecast. Not investment advice.