DaveInc
Nov 6, 6:46 PM
Q3 2026 was another very strong quarter for
$DAVE:
- Added 1.1M new members
- Revenue growth accelerated to 31% Y/Y to
$198M, driven by record new member acquisition and continued growth in Monthly Transacting Members and ARPU
- Adj. EBITDA rose 39% Y/Y to
$82M
- 28-Day Past Due improved Y/Y and Q/Q to 2.09%, even as originations grew 23% from a year ago
- Net Monetization Rate expanded 40bps to 5.2%, its highest level in five years
CashAI v6.0 was fully deployed in mid-September and delivered improving credit performance through Q3 and into Q4. Our 28-day past due rate fell below 2% and the average ExtraCash size rose to
$225 in September.
We’re extending our CashAI underwriting advantage into everyday spending with Dave Flex. Early trends in Dave Flex are positive ahead of a broad rollout in 2027.
We’re once again raising our FY2026 guidance for revenue, adj. EBITDA and adj. Diluted EPS.
See the full press release here: https://investors.dave.com/news-releases/news-release-details/dave-reports-third-quarter-2026-financial-results
