Dave (NASDAQ:DAVE) Releases FY 2026 Earnings Guidance

Key Points

• FY2026 guidance: Dave raised guidance to EPS $16.25–$16.75 and revenue of $710–$720M, both above Street estimates (consensus EPS ~$14.42, revenue ~$698.3M).
• Q1 outperformance: The company beat estimates with EPS $3.64 vs. $2.86 and revenue $158.4M vs. $153.7M, reporting strong profitability metrics (net margin ~35.4%, ROE ~67.0%).
• Capital return and market reaction: The board authorized a $300M buyback and Dave has repurchased about $195M (~7% of shares), yet the stock fell sharply on heavy volume despite analyst support (average price target ~$319.63, consensus "Moderate Buy").

Dave (NASDAQ:DAVE - Get Free Report) issued an update on its FY 2026 earnings guidance on Tuesday morning. 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 Performance

Shares of Dave stock traded down $15.15 during mid-day trading on Tuesday, hitting $264.02. 673,931 shares of the stock were exchanged, compared to its average volume of 572,679. Dave has a 12 month low of $102.11 and a 12 month high of $287.69. The company has a 50-day simple moving average of $211.02 and a 200 day simple moving average of $208.40. The company has a market capitalization of $3.58 billion, a P/E ratio of 19.56 and a beta of 3.93.

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

Dave declared that its Board of Directors has authorized a share buyback program on Monday, March 2nd that authorizes the company to repurchase $300.00 million in outstanding shares. This repurchase authorization authorizes the fintech company to purchase up to 11.2% of its shares through open market purchases. Shares repurchase programs are often a sign that the company's board believes its shares are undervalued.

Wall Street Analyst Weigh In

Several analysts have commented on the stock. Keefe, Bruyette & Woods lifted their price objective on shares of Dave from $295.00 to $330.00 and gave the stock an "outperform" rating in a research report on Monday. Zacks Research raised shares of Dave from a "hold" rating to a "strong-buy" rating in a research report on Monday, February 16th. UBS Group restated a "neutral" rating on shares of Dave in a research note on Friday, March 13th. Lake Street Capital lifted their price target on shares of Dave from $308.00 to $326.00 and gave the stock a "buy" rating in a report on Tuesday, March 3rd. Finally, Wall Street Zen downgraded Dave from a "buy" rating to a "hold" rating in a research note on Saturday, March 7th. One analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat, Dave presently has an average rating of "Moderate Buy" and an average price target of $319.63.

Key Headlines 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 Investors Weigh In On Dave

Institutional investors have recently made changes to their positions in the stock. National Bank of Canada FI purchased a new position in shares of Dave in the third quarter valued at $30,000. WealthCollab LLC bought a new position in Dave in the 2nd quarter worth about $30,000. Kestra Advisory Services LLC purchased a new position in Dave during the 4th quarter valued at about $36,000. Atlas Capital Advisors Inc. purchased a new position in Dave during the fourth quarter valued at approximately $84,000. Finally, Inspire Advisors LLC purchased a new stake in shares of 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.

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