Dave Q2 FY26 GAAP net income falls 26% to $6.7 million; revenue rises 30% to $170.8 million

Reuters2026/08/05 20:58

Bitget offers one-stop trading for cryptocurrencies, stocks, and gold. Trade now!

A welcome pack worth 6200 USDT for new users! Sign up now!

Dave posted Q2 GAAP operating revenues, net of USD 170.8 million, up 30% year over year.
GAAP net income fell 26% to USD 6.7 million, including USD 36.9 million of non-cash warrant and earnout remeasurement charges.
Adjusted EBITDA (non-GAAP) rose 48% to USD 75.5 million, representing a 44% margin.
Monthly Transacting Members increased 17% to 3,080,000; ExtraCash originations climbed 27% to USD 2.3 billion as 28-day past due improved 14 bps to 2.12%.
Raised full-year revenue outlook to USD 725 million-USD 735 million; lifted adjusted EBITDA view to USD 315 million-USD 325 million.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Dave Inc. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001193125-26-335119), on August 05, 2026, and is solely responsible for the information contained therein.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

Understand the market, then trade.

Bitget offers one-stop trading for cryptocurrencies, stocks, and gold.

Trade now！

Dave Q2 FY26 GAAP net income falls 26% to $6.7 million; revenue rises 30% to $170.8 million

You may also like

Crypto prices