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DAVEBullishEarningsnews
High materiality9/10

Dave raises 2026 guidance on MTM growth and ARPU expansion

Aug 5, 2026, 4:14 PM EDT1 sourcesAI-analyzed
Why it may matterVerify against the original reporting

Guidance upgrade and strong Q2 metrics validate growth trajectory; improved funding structure reduces risk and enhances liquidity, which historically supports multiple expansion in growth-name neobanks.

AI summary

What happened, with direct paths to the underlying reporting

Dave reported Q2 2026 revenue of $170.8M, up 30% YoY, driven by MTM growth and ARPU expansion. 28-DPD improved to 2.12%, ExtraCash originations reached $2.3B (+27%), and non-GAAP gross margin rose, with Adj EBITDA at $75.5M (44% margin). Management raised 2026 guidance and highlighted a more capital-efficient funding structure via Coastal Community Bank, improving liquidity and buyback capacity.

  • Q2 2026 revenue: $170.8M, up 30% YoY; MTM growth and ARPU expansion.
  • 28-DPD rate improves 14 bps to 2.12%; ExtraCash originations $2.3B, +27%.
  • GAAP net income $6.7M; $36.9M of non-cash warrant/earnout charges; Adj EBITDA $75.5M, 44% margin.
  • Company raises 2026 guidance for Revenue, Adj EBITDA, and Adj Diluted EPS.
  • Liquidity strengthens: cash/investments $254.4M; Coastal Bank funding $93M; $94.1M buyback available.

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StockNews.AI groups source reporting, classifies the event, and measures subsequent price movement. This is informational research, not investment advice. Prices may be delayed or unavailable.

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