Dave (DAVE) Stock Fundamentals, Analysis & Risk Signals

Health score, price, valuation, risk signals, and key metrics at a glance.

Dave

NasdaqGM•Technology•Software - Application

$365.83-8.84(-0.02%)Pre-market

Market Cap

$4.53B

P/E

20.4x

P/S

7.0x

P/B

21.8x

Dave Inc. provides various financial products and services through its financial services platform in the United States. It offers Budget, personal financial management tool that helps members anticipate upcoming transactions and receive notifications by utilizing historical bank account data to identify recurring charges; ExtraCash, a form of a discretionary overdraft to bridge liquidity gaps between paycheck; Side Hustle, a job application portal to find supplemental or temporary work. The company also provides Dave Checking, a digital demand deposit account. Dave Inc. was founded in 2015 and is headquartered in Los Angeles, California.

How this company scores

ExcellentMetricSide Score: 89/100

Strongest: Cash & Earnings Quality (25/25); weakest: Balance Sheet & Red Flags (18/25).

Profitability22/25

Growth24/25

Balance Sheet & Red Flags18/25

Cash & Earnings Quality25/25

Strengths

Growing revenueRising free cash flowStrong marginsHigh ROE

Valuation vs. 5-year range

Today's multiple positioned against its own trailing range — a visual premium/discount check.

P/E · 20.4x5y range 10.1x – 65.1x

Currently near its 9-quarter median.

P/S · 7.0x5y range 1.6x – 326.0x

Currently above its 18-quarter median.

P/B · 21.8x5y range 3.2x – 116.5x

Watch items

Data-driven signals worth keeping an eye on across the last 8 quarters

Some Concerns

Leverage Risk

Watch

Debt-to-equity has risen 147.1% recently — increasing financial risk even if the current ratio is manageable.

Price & Volume

Market Cap $4.53B

Metrics at a Glance

as of June 2026

Revenue & Profit

Revenue, EBITDA, operating income, net income, EPS, and shares

TTM Revenue: $643.65M
Q. Revenue: $170.79M
TTM EBITDA: $233.35M
TTM Op. Income: $222.20M
Q. Op. Income: $52.24M
TTM Net Income: $222.64M
Q. Net Income: $6.69M
EPS: $0.53
Shares Out.: $12.72M

$643.65M in TTM revenue grew 48.6% YoY, reaching $170.79M last quarter. TTM EBITDA of $233.35M and TTM operating income of $222.20M show growth is flowing through to the bottom line. TTM net income of $222.64M means revenue is converting into profit. Across the last 8 quarters, TTM revenue has risen for 7 consecutive quarters — an improving trend.

Margins

Gross, EBITDA, operating, and net margin trends

EBITDA Margin: 31.8%
Op. Margin: 30.6%
Net Margin: 3.9%

Op. margin of 30.6% is down 0.6% YoY — costs are rising relative to revenue. Net margin at 3.9% Across the last 8 quarters, operating margin has fallen for 2 consecutive quarters — a weakening trend.

Price Ratios

P/E, P/S, P/B, EV/EBITDA, FCF yield, and earnings yield

P/E Ratio: 20.4x
P/S Ratio: 7.0x
P/B Ratio: 21.8x

At 20.4x P/E, the stock trades within typical market levels. P/S of 7.0x and P/B of 21.8x provide additional context. Use the growth and margin sections to judge whether the multiple is justified. Over the past year, P/E is down 69% — a weakening trend.

Assets & Liabilities

Total assets, cash, debt, book value, and leverage

Total Assets: $570.78M
Cash: $209.61M
Long-Term Debt: $193.13M
Book Value: $207.89M
D/E Ratio: 0.9
Debt/EBITDA: 3.6

With $570.78M in assets and $193.13M in long-term debt, D/E is 0.9and book value is $207.89M — a conservative capital structure with a cushion to weather downturns. Over the past year, debt/equity is up 147% — an improving trend.

Cash Flow

Operating cash flow, free cash flow, FCF margin, and earnings quality

Op. Cash Flow: $68.38M
TTM Free Cash Flow: $326.54M
FCF Margin: 50.7%
FCF / Net Income: 1.5

TTM FCF of $326.54M on $68.38M in operating cash flow. The FCF / Net Income ratio of 1.5x means free cash flow covers net income — earnings are backed by cash. Across the last 8 quarters, free cash flow has risen for 7 consecutive quarters — an improving trend.