Dave Inc. third quarter revenue beats by 62% with record 3.15 million transacting members

Dave Inc. reported significant outperformance in the third quarter of 2026, with revenue and earnings substantially exceeding analyst expectations. Growth was primarily fueled by record new member acquisition and the deployment of the CashAI v6.0 underwriting model, which expanded monetization while improving credit quality.

Key Highlights

• Quarterly revenue reached $197.7 million, surpassing the $122.4 million estimate and growing 31% year-over-year.
• Monthly Transacting Members increased 18% to 3.15 million, significantly ahead of the 2.45 million anticipated.
• Adjusted Diluted EPS of $4.39 beat the $3.91 consensus estimate as Adjusted EBITDA margins reached 41%.
• Credit performance improved as the 28-day past due rate fell to 2.09% despite ExtraCash originations growing 23% to $2.5 billion.
• Management raised full-year 2026 revenue guidance to a range of $746 million to $750 million.