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Dave (DAVE) | Financial Analysis & Statements

Dave Inc. | Mid-cap | Technology

$186.72

2.02%

Dave vs Salesforce Dave vs Intuit Dave vs Paylocity Holding Dave vs Altair Engineering Dave vs Procore Technologies Dave vs S&P 500 | Market

TL;DR Income Statement Balance Sheet Cash Flow Key Ratios Peer Comparison

TL;DR: Financial Overview - Revenue, Profits & Key Metrics

Latest Quarterly: Jun 2025

Income Metrics

Revenue 131.8M

Gross Profit 114.5M 86.88%

Operating Income 41.1M 31.18%

Net Income 9.0M 6.86%

EPS (Diluted) $0.62

Balance Sheet Metrics

Total Assets 315.7M

Total Liabilities 116.2M

Shareholders Equity 199.5M

Debt to Equity 0.58

Cash Flow Metrics

Operating Cash Flow 33.9M

Free Cash Flow 43.8M

Revenue & Profitability Trend

Interactive Financial Charts Not Available

This page uses interactive financial charts and dynamic data visualization tools that require JavaScript. For detailed financial analysis:

Available Financial Data:

Income statements (annual and quarterly)
Balance sheets with asset and liability details
Cash flow statements and free cash flow analysis
Key financial ratios and performance metrics
Peer comparison and industry benchmarking

All financial data is displayed in accessible table format below. Use the table headers and structure to analyze trends and compare metrics across different periods.

Dave Income Statement From 2020 to 2024

Metric	2024	2023	2022	2021	2020
Revenue i	347.1M	259.1M	204.8M	153.0M	121.8M
Cost of Goods Sold i	30.4M	28.9M	31.9M	23.5M	21.6M
Gross Profit i	316.7M	230.2M	172.9M	129.6M	100.2M
Gross Margin % i	91.2%	88.8%	84.4%	84.7%	82.2%
Operating Expenses
Research & Development i	-	-	-	-	-
Selling, General & Administrative i	151.9M	143.3M	172.5M	101.0M	60.2M
Other Operating Expenses i	75.5M	70.7M	68.6M	43.3M	15.8M
Total Operating Expenses i	227.5M	214.0M	241.0M	144.3M	76.0M
Operating Income i	34.6M	-42.2M	-134.4M	-46.9M	-1.4M
Operating Margin % i	10.0%	-16.3%	-65.6%	-30.6%	-1.1%
Non-Operating Items
Interest Income i	3.0M	5.3M	3.0M	287.0K	409.0K
Interest Expense i	8.0M	11.8M	9.2M	2.5M	17.0K
Other Non-Operating Income	30.7M	282.0K	16.3M	29.5M	-4.5M
Pre-tax Income i	60.4M	-48.4M	-129.0M	-19.9M	-6.8M
Income Tax i	2.5M	120.0K	-67.0K	97.0K	145.0K
Effective Tax Rate % i	4.1%	0.0%	0.0%	0.0%	0.0%
Net Income i	57.9M	-48.5M	-128.9M	-20.0M	-7.0M
Net Margin % i	16.7%	-18.7%	-62.9%	-13.1%	-5.7%
Key Metrics
EBITDA i	45.3M	-31.4M	-128.9M	-43.8M	-610.0K
EPS (Basic) i	$4.62	$-4.07	$-10.92	$-1.72	$-0.60
EPS (Diluted) i	$4.19	$-4.07	$-10.92	$-1.72	$-0.60
Basic Shares Outstanding i	12532468	11934699	11798739	11625022	11625022
Diluted Shares Outstanding i	12532468	11934699	11798739	11625022	11625022

Income Statement Trend

Dave Balance Sheet From 2020 to 2024

Metric	2024	2023	2022	2021	2020
Assets
Current Assets
Cash & Equivalents i	49.7M	41.8M	22.9M	32.0M	4.8M
Short-term Investments i	40.6M	114.2M	169.1M	8.2M	17.7M
Accounts Receivable i	175.9M	112.8M	104.2M	49.0M	38.7M
Inventory i	-	-	-	-	-
Other Current Assets	16.1M	8.0M	11.6M	4.4M	4.1M
Total Current Assets i	282.3M	276.9M	308.6M	100.2M	69.4M
Non-Current Assets
Property, Plant & Equipment i	0	773.0K	735.0K	2.7M	1.4M
Goodwill i	13.6M	13.2M	10.2M	7.8M	4.5M
Intangible Assets i	13.6M	13.2M	10.2M	7.8M	4.5M
Long-term Investments	-	-	0	35.3M	457.0K
Other Non-Current Assets	2.2M	2.0M	1.0M	494.0K	197.0K
Total Non-Current Assets i	17.1M	17.1M	12.9M	47.0M	7.1M
Total Assets i	299.3M	294.0M	321.5M	147.2M	76.4M
Liabilities
Current Liabilities
Accounts Payable i	6.8M	5.5M	11.4M	13.0M	8.5M
Short-term Debt i	350.0K	298.0K	273.0K	37.7M	4.3M
Current Portion of Long-term Debt	-	-	-	-	-
Other Current Liabilities	982.0K	715.0K	1.2M	1.2M	2.9M
Total Current Liabilities i	35.1M	25.6M	36.4M	68.6M	24.2M
Non-Current Liabilities
Long-term Debt i	75.2M	181.0M	177.9M	36.0M	1.8M
Deferred Tax Liabilities i	-	-	-	-	-
Other Non-Current Liabilities	3.0M	129.0K	124.0K	119.0K	584.9K
Total Non-Current Liabilities i	81.2M	181.4M	178.5M	39.8M	2.4M
Total Liabilities i	116.2M	207.0M	214.9M	108.4M	26.6M
Equity
Common Stock i	1.0K	1.0K	1.0K	1.0K	100
Retained Earnings i	-152.4M	-210.3M	-161.8M	-32.9M	-12.9M
Treasury Stock i	-	-	0	5.0K	154.0K
Other Equity	-	-	-	-	-
Total Shareholders Equity i	183.1M	87.1M	106.6M	38.7M	49.8M
Key Metrics
Total Debt i	75.6M	181.3M	178.1M	73.6M	6.1M
Working Capital i	247.2M	251.3M	272.2M	31.6M	45.2M

Balance Sheet Composition

Dave Cash Flow Statement From 2020 to 2024

Metric	2024	2023	2022	2021	2020
Operating Activities
Net Income i	57.9M	-48.5M	-128.9M	-20.0M	-7.0M
Depreciation & Amortization i	7.7M	5.5M	7.1M	3.1M	1.7M
Stock-Based Compensation i	37.3M	26.7M	40.6M	7.4M	1.5M
Working Capital Changes i	-1.7M	-6.6M	260.0K	3.0M	7.0M
Operating Cash Flow i	102.4M	-19.9M	-88.3M	-6.7M	3.0M
Investing Activities
Capital Expenditures i	-262.0K	-688.0K	-728.0K	-371.0K	-231.0K
Acquisitions i	-	-	-	-	-
Investment Purchases i	-170.6M	-154.4M	-519.8M	-5.0K	-138.0K
Investment Sales i	243.8M	211.6M	357.8M	9.4M	7.8M
Investing Cash Flow i	-38.5M	-6.5M	-277.0M	-31.1M	7.4M
Financing Activities
Share Repurchases i	0	-12.0K	-536.0K	0	0
Dividends Paid i	-	-	-	-	-
Debt Issuance i	-	0	140.0M	70.0M	0
Debt Repayment i	-71.0M	0	-20.0M	-3.9M	0
Financing Cash Flow i	-72.3M	-12.0K	301.1M	59.4M	3.9M
Free Cash Flow i	117.6M	25.2M	-54.2M	-7.0M	-13.4M
Net Change in Cash i	-8.4M	-26.4M	-64.1M	21.7M	14.3M

Cash Flow Trend

Dave Key Financial Ratios

Valuation Ratios

P/E Ratio (TTM) 48.29

Forward P/E 183.02

Price to Book 11.38

Price to Sales 5.70

PEG Ratio 183.02

Profitability Ratios

Profit Margin 12.73%

Operating Margin 31.18%

Return on Equity 30.72%

Return on Assets 20.42%

Financial Health

Current Ratio 9.51

Debt to Equity 34.73

Beta 3.96

Per Share Data

EPS (TTM) $3.79

Book Value per Share $16.08

Revenue per Share $33.35

Peer Financial Comparison

Company	Market Cap	P/E Ratio	P/B Ratio	ROE	Profit Margin	Debt/Equity
dave	2.5B	48.29	11.38	30.72%	12.73%	34.73
Salesforce	229.9B	37.58	3.80	10.31%	16.08%	19.81
Intuit	208.9B	60.99	10.39	17.84%	19.07%	0.35
Paylocity Holding	9.8B	44.01	7.94	20.04%	14.24%	14.09
Altair Engineering	9.6B	699.06	11.17	1.81%	2.13%	30.23
Procore Technologies	9.4B	-86.56	7.69	-11.54%	-11.58%	5.94

Financial data is updated regularly. All figures are in the company's reporting currency.