Dave Inc.'s second quarter revenue grew 30% to $170.8M, leading to a raised FY26 outlook.

Dave Inc. reported second quarter revenue of $170.8 million, a 30% increase year-over-year, alongside an adjusted diluted EPS of $4.12. The strong performance prompted the company to raise its full-year 2026 guidance for revenue, adjusted EBITDA, and adjusted diluted EPS.

Key Highlights

• Revenue for the second quarter increased 30% year-over-year to $170.8 million, driven by growth in transacting members and higher ARPU.
• Adjusted EBITDA grew 48% from the prior-year period to $75.5 million, representing a 44% margin.
• Monthly Transacting Members (MTMs) increased 17% year-over-year to 3.08 million, while ExtraCash originations rose 27% to $2.3 billion.
• Dave Inc. raised its full-year 2026 revenue guidance to a range of $725 - $735 million, up from the prior range of $710 - $720 million.