Dave (NASDAQ:DAVE) Issues FY 2026 Earnings Guidance

Dave (NASDAQ:DAVE) updated its FY 2026 earnings guidance on Tuesday. The company provided earnings per share (EPS) guidance of 16.250-16.750 for the period, compared to the consensus estimate of 14.420. The company issued revenue guidance of $710.0 million-$720.0 million, compared to the consensus revenue estimate of $698.3 million.

Dave Stock Down 5.4%

NASDAQ:DAVE traded down $15.15 during midday trading on Tuesday, hitting $264.02. The company had a trading volume of 673,931 shares, compared to its average volume of 572,679. The company has a market capitalization of $3.58 billion, a PE ratio of 19.56 and a beta of 3.93. Dave has a 52-week low of $102.11 and a 52-week high of $287.69. The stock’s fifty day moving average price is $211.02 and its 200-day moving average price is $208.40.

Dave (NASDAQ:DAVE) last issued its quarterly earnings results on Tuesday, May 5th. The fintech company reported $3.64 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.86 by $0.78. Dave had a return on equity of 67.04% and a net margin of 35.35%.The firm had revenue of $158.40 million during the quarter, compared to analyst estimates of $153.67 million. Dave has set its FY 2026 guidance at 16.250-16.750 EPS. As a group, research analysts forecast that Dave will post 13.03 earnings per share for the current year.

Dave announced that its board has authorized a share buyback program on Monday, March 2nd that permits the company to repurchase $300.00 million in shares. This repurchase authorization permits the fintech company to buy up to 11.2% of its stock through open market purchases. Stock repurchase programs are generally a sign that the company’s board of directors believes its stock is undervalued.

Wall Street Analyst Weigh In

A number of brokerages have commented on DAVE. Citigroup reiterated an “outperform” rating on shares of Dave in a research report on Friday, April 10th. Benchmark reaffirmed a “buy” rating on shares of Dave in a report on Tuesday, March 3rd. B. Riley Financial boosted their price target on shares of Dave from $297.00 to $303.00 and gave the stock a “buy” rating in a research note on Tuesday, March 3rd. Canaccord Genuity Group raised their price objective on Dave from $274.00 to $328.00 and gave the company a “buy” rating in a research note on Tuesday, March 3rd. Finally, Weiss Ratings reissued a “hold (c+)” rating on shares of Dave in a research note on Friday, April 24th. One research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $319.63.

Key Stories Impacting Dave

Here are the key news stories impacting Dave this week:

• Positive Sentiment: Q1 beat: Dave reported EPS of $3.64 versus consensus $2.86 and revenue of $158.4M vs. $153.7M; net margin (35.4%) and ROE (67.0%) were notably strong. This confirms better-than-expected profitability. Q1 Press Release PDF
• Positive Sentiment: Raised FY‑2026 guidance: Dave set EPS guidance of $16.25–$16.75 (consensus ~$14.42) and revenue guidance of $710–$720M (consensus ~$698.3M), signaling stronger forward profitability and top‑line growth. Q1 2026 Financial Results
• Positive Sentiment: Capital return: Dave deployed ~ $195M in share repurchases (~7% of shares outstanding), a meaningful buyback that reduces float and supports EPS. Q1 2026 Financial Results
• Positive Sentiment: Analyst support: Keefe, Bruyette & Woods raised its price target to $330 and kept an outperform rating; Barrington reaffirmed an outperform with a $290 target—both signal continued analyst confidence. Keefe Target Raise Barrington Reaffirmation
• Neutral Sentiment: Pre-earnings coverage and sector context: Several articles reviewed DAVE ahead of and after earnings, and sector comparisons may influence relative flows rather than company fundamentals. Yahoo Preview Zacks Sector Note
• Negative Sentiment: Market reaction/volatility: Despite the beat and stronger guidance, DAVE is down today on heavier-than-average volume — likely profit‑taking after a strong run, plus elevated volatility (beta ~3.9) and valuation considerations (current P/E ~19.5) that can amplify moves. Investors should view the drop as short‑term market reaction rather than a change in the company’s improving fundamentals.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the business. National Bank of Canada FI bought a new position in Dave during the 3rd quarter valued at approximately $30,000. WealthCollab LLC purchased a new position in shares of Dave during the second quarter valued at approximately $30,000. Kestra Advisory Services LLC purchased a new position in shares of Dave during the fourth quarter valued at approximately $36,000. Atlas Capital Advisors Inc. bought a new position in shares of Dave during the fourth quarter valued at approximately $84,000. Finally, Inspire Advisors LLC purchased a new stake in Dave in the fourth quarter worth $207,000. Hedge funds and other institutional investors own 18.01% of the company’s stock.

Dave Company Profile

Dave, Inc is a Los Angeles–based financial technology company founded in 2016 by Jason Wilk and John Wolanin. The company offers a subscription-based mobile app designed to help consumers avoid overdraft fees, manage their budgets and track expenses. Through its platform, members receive low-balance alerts, expense categorization and cash-advance capabilities tied to upcoming deposits.

At the core of Dave’s offering is fee-free overdraft protection: eligible users can request small, interest-free advances up to a preset limit, typically repaid on their next paycheck or deposit.