Revenue: As of FY2026 Q1, the actual value is USD 158.4 M.EPS: As of FY2026 Q1, the actual value is USD 4.02.EBIT: As of FY2026 Q1, the actual value is USD 60.4 M.<h4>Revenue</h4><ul><li>Total Operating Revenues, Net: Dave Inc.’s total operating revenues, net, reached $158.4 million, marking a 47% year-over-year (Y/Y) increase from $108.0 million .<ul><li>Service-based revenue, net: This segment generated $147.6 million, up from $97.9 million .<ul><li>Processing and overdraft service fees, net: $133.6 million, an increase from $83.4 million .</li><li>Subscriptions: $13.9 million, up from $6.8 million .</li><li>Tips: $0 million, down from $7.5 million .</li><li>Other service-based revenue: $0.1 million, down from $0.2 million .</li></ul></li><li>Transaction-based revenue, net: This totaled $10.8 million, an increase from $10.1 million .<ul><li>Interchange revenue, net: $6.2 million, up from $5.9 million .</li><li>ATM revenue, net: $0.7 million, down from $0.8 million .</li><li>Other transaction-based revenue: $3.9 million, up from $3.4 million .</li></ul></li></ul></li></ul><h4>Profitability</h4><ul><li>GAAP Net Income: Reported at $57.9 million, representing a 101% Y/Y increase from $28.8 million .</li><li>Adjusted Net Income (Non-GAAP): Stood at $52.3 million, a 61% Y/Y increase from $32.5 million .</li><li>Non-GAAP Gross Profit: Reached $114.4 million, a 37% Y/Y increase from $83.4 million .</li><li>Non-GAAP Gross Profit Margin: Was 72%, which is a decrease of 500 basis points from 77% .</li><li>Adjusted EBITDA (Non-GAAP): Amounted to $69.3 million, a 57% Y/Y increase from $44.2 million .</li><li>Adjusted EBITDA Margin: Increased to 44% from 41% .</li></ul><h4>Operating Costs</h4><ul><li>Total Operating Expenses: Totaled $98.9 million, up from $72.8 million .<ul><li>Provision for credit losses: $26.6 million, up from $10.6 million .</li><li>Processing and servicing costs: $9.6 million, up from $7.0 million .</li><li>Financial network and transaction costs: $7.8 million, up from $7.0 million .</li><li>Advertising and activation costs: $14.3 million, up from $11.9 million .</li><li>Compensation and benefits: $27.6 million, up from $27.3 million .</li><li>Technology and infrastructure: $3.4 million, up from $2.7 million .</li><li>Other operating expenses: $9.6 million, up from $6.3 million .</li></ul></li></ul><h4>Cash Flow and Liquidity</h4><ul><li>Cash and Cash Equivalents, Investments, and Restricted Cash: Amounted to $177.8 million as of March 31, 2026, compared to $123.2 million as of December 31, 2025 . This increase of $54.6 million was primarily driven by $82.0 million of net cash provided by operating activities and $175.7 million of net proceeds from convertible notes offering, partially offset by $186.7 million of share repurchases and $8.2 million in tax payments .</li><li>Share Repurchase Activity: Approximately $195 million was deployed in Q1 2026, representing 7.0% of shares outstanding . The company maintains $113.3 million of remaining capacity under its existing authorization .</li></ul><h4>Operational Metrics</h4><ul><li>New Members: Increased 22% to 695,000 .</li><li>Monthly Transacting Members (MTMs): Increased 18% to 2.99 million .</li><li>ExtraCash Originations: Increased 37% to $2.1 billion .</li><li>ExtraCash Monetization Rate Net of Losses: Expanded nearly 40 basis points to 5.1% .</li><li>Average 28-Day Past Due Rate: Was 1.69%, compared to 1.70% in Q1 2025, marking the lowest Q1 rate in company history .</li><li>Dave Debit Card Spend: Increased 9% to $534 million .</li></ul><h4>Outlook / Guidance for Full Year 2026</h4>Dave Inc. raised its full-year 2026 guidance across all three metrics . The company now expects GAAP Operating Revenues, Net, to be between $710 million and $720 million, representing 28% to 30% Y/Y growth . Adjusted EBITDA is projected to be $305 million to $315 million, and Adjusted Net Income per Diluted Share is expected to range from $16.25 to $16.75 .

DAVE INC C/WTS 05/01/2027 (TO PUR COM) | 8-K: FY2026 Q1 Revenue: USD 158.4 M