earnings
confidence high
sentiment positive
materiality 0.85
Dave Q2 revenue up 64% to $131.7M, raises FY 2025 guidance; amends Coastal deal for $225M receivables
Dave Inc./DE
2025-Q2 EPS reported
$2.61
revenue$239,736,000
- Revenue $131.7M (+64% YoY); net income $9.1M (+42% YoY); adjusted EBITDA $50.9M (+236% YoY).
- Adjusted diluted EPS $3.14 (+210% YoY); non-GAAP gross profit $92.0M (+78% YoY) with 70% margin.
- Raises FY 2025 revenue guidance to $505-515M (prior $460-475M); adjusted EBITDA to $180-190M (prior $155-165M).
- Monthly Transacting Members up 16% to 2.6M; ExtraCash originations up 51% to $1.8B.
- First Amendment with Coastal Community Bank requires sale of up to $225M in receivables to Dave after 60 days on Coastal's balance sheet.
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