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DAVE's expanding user base fuels revenue gains, but credit risks and competition threaten its growth path.
Los Angeles, Aug. 13, 2025 (GLOBE NEWSWIRE) -- Dave Inc. (“Dave” or the “Company”) (Nasdaq: DAVE) today announced that its Board of Directors has approved an increase in the Company's share repurchase authorization to $125 million, which replaces the previous $50 million authorization announced on March 10, 2025. Since Dave reported its second quarter earnings on August 6th, the Company has deployed approximately $25 million to repurchase its common stock.
Bloomberg Opinion Columnist Dave Lee says the US is giving up some of its AI advantage by letting Nvidia and AMD sell some AI chips to China. He joins Caroline Hyde and Ed Ludlow on “Bloomberg Tech.
Amazon Web Services' Vice President of Compute and Machine Learnings Services Dave Brown joins 'Closing Bell Overtime' to talk its new AI supercomputer and OpenAI partnership.
Dave raised its 2025 revenue guidance to a range of $505 million to $515 million.
Dave Inc. (NASDAQ:DAVE ) Q2 2025 Earnings Conference Call August 6, 2025 8:30 AM ET Company Participants Jason Wilk - Co-Founder, CEO, President & Chairman Kyle Beilman - COO, CFO & Secretary Conference Call Participants Devin Patrick Ryan - Citizens JMP Securities, LLC, Research Division Jacob Michael Stephan - Lake Street Capital Markets, LLC, Research Division Jeffrey Brian Cantwell - Seaport Research Partners Joseph Anthony Vafi - Canaccord Genuity Corp., Research Division Mark Anthony Palmer - The Benchmark Company, LLC, Research Division Operator Good morning, everyone, and thank you for participating in today's Conference Call to Discuss Dave's Financial Results for the Second Quarter Ended June 30, 2025. Joining us today are Dave's CEO, Mr.
Dave Inc. (DAVE) came out with quarterly earnings of $3.14 per share, beating the Zacks Consensus Estimate of $1.9 per share. This compares to earnings of $1.01 per share a year ago.
Q2 Revenue Growth Continues to Accelerate, up 64% Y/Y to $131.7 Million Net Income Increases 42% Y/Y to $9.1 Million; Adjusted Net Income Increases 233% to $45.7 Million; Adjusted EBITDA Increases 236% to $50.9 Million GAAP EPS (Diluted) Increases 32% Y/Y to $0.62; Adjusted EPS (Diluted) Increases 210% to $3.14 Raises 2025 Revenue and Adj. EBITDA Guidance to $505-$515 Million and $180-$190 Million, Respectively LOS ANGELES, Aug. 06, 2025 (GLOBE NEWSWIRE) -- Dave Inc. (“Dave” or the “Company”) (Nasdaq: DAVE), one of the nation's leading neobanks, today reported its financial results for the second quarter ended June 30, 2025.
CEO Dave Duvall to Retire May 2026, COO Eric Palomaki to Succeed Duvall CEO Dave Duvall to Retire May 2026, COO Eric Palomaki to Succeed Duvall