Revenue: As of FY2026 Q1, the actual value is USD 158.4 M, beating the estimate of USD 153.68 M.EPS: As of FY2026 Q1, the actual value is USD 4.02, beating the estimate of USD 2.6857.EBIT: As of FY2026 Q1, the actual value is USD 60.4 M.<h4>Operating Revenues</h4><ul><li>GAAP Operating Revenues, Net: Dave Inc. reported $158.4 million for Q1 2026, marking a 47% increase year-over-year from $108.0 million in Q1 2025. This growth was attributed to continued Monthly Transacting Members (MTM) growth and ARPU expansion .<ul><li>Service based revenue, net: $147.6 million in Q1 2026, up from $97.9 million in Q1 2025 .<ul><li>Processing and overdraft service fees, net: $133.6 million in Q1 2026, up from $83.4 million in Q1 2025 .</li><li>Subscriptions: $13.9 million in Q1 2026, up from $6.8 million in Q1 2025 .</li><li>Tips: $0 million in Q1 2026, down from $7.5 million in Q1 2025 .</li><li>Other service based revenue: $0.1 million in Q1 2026, down from $0.2 million in Q1 2025 .</li></ul></li><li>Transaction based revenue, net: $10.8 million in Q1 2026, up from $10.1 million in Q1 2025 .<ul><li>Interchange revenue, net: $6.2 million in Q1 2026, up from $5.9 million in Q1 2025 .</li><li>ATM revenue, net: $0.7 million in Q1 2026, down from $0.8 million in Q1 2025 .</li><li>Other transaction based revenue: $3.9 million in Q1 2026, up from $3.4 million in Q1 2025 .</li></ul></li></ul></li></ul><h4>Profitability</h4><ul><li>Non-GAAP Gross Profit: Dave Inc. reported $114.4 million in Q1 2026, a 37% increase year-over-year from $83.4 million in Q1 2025 .</li><li>Non-GAAP Gross Profit Margin: 72% in Q1 2026, a decrease of -500 basis points year-over-year from 77% in Q1 2025 .</li><li>GAAP Net Income: $57.9 million in Q1 2026, a 101% increase year-over-year from $28.8 million in Q1 2025 .</li><li>Adjusted Net Income: $52.3 million in Q1 2026, a 61% increase year-over-year from $32.5 million in Q1 2025 .</li><li>Adjusted EBITDA: $69.3 million in Q1 2026, a 57% increase year-over-year from $44.2 million in Q1 2025 .</li><li>Adjusted EBITDA Margin: 44% in Q1 2026, up from 41% in Q1 2025 .</li></ul><h4>Operating Costs</h4><ul><li>Total Operating Expenses: $98.9 million in Q1 2026, compared to $72.8 million in Q1 2025 .<ul><li>Provision for credit losses: $26.6 million in Q1 2026, up from $10.6 million in Q1 2025, with the sequential increase attributed to quarter-end timing rather than credit quality .</li><li>Processing and servicing costs: $9.6 million in Q1 2026, up from $7.0 million in Q1 2025 .</li><li>Financial network and transaction costs: $7.8 million in Q1 2026, up from $7.0 million in Q1 2025 .</li><li>Advertising and activation costs: $14.3 million in Q1 2026, up from $11.9 million in Q1 2025 .</li><li>Compensation and benefits: $27.6 million in Q1 2026, up from $27.3 million in Q1 2025 .</li><li>Technology and infrastructure: $3.4 million in Q1 2026, up from $2.7 million in Q1 2025 .</li><li>Other operating expenses: $9.6 million in Q1 2026, up from $6.3 million in Q1 2025 .</li></ul></li></ul><h4>Other (Income) Expenses</h4><ul><li>Interest expense, net: $0.9 million in Q1 2026, down from $1.3 million in Q1 2025 .</li><li>Changes in fair value of earnout liabilities: -$3.2 million in Q1 2026, compared to -$0.4 million in Q1 2025 .</li><li>Changes in fair value of public and private warrant liabilities: -$8.3 million in Q1 2026, compared to $0.4 million in Q1 2025 .</li><li>Total other (income) expense, net: -$10.6 million in Q1 2026, compared to $1.3 million in Q1 2025 .</li></ul><h4>Cash Flow and Liquidity</h4><ul><li>Cash, cash equivalents, restricted cash, and investments: Dave Inc. held $177.8 million as of March 31, 2026, an increase from $123.2 million as of December 31, 2025 . The $54.6 million increase was primarily driven by $82.0 million of net cash provided by operating activities and $175.7 million of net proceeds from a convertible notes offering. This was partially offset by $186.7 million of share repurchases and $8.2 million in tax payments . Dave Inc. maintains $113.3 million of remaining capacity under its existing share repurchase authorization .</li></ul><h4>Unique Operational Metrics</h4><ul><li>New members: Increased 22% year-over-year to 695,000 in Q1 2026, with a customer acquisition cost of $18 .</li><li>Monthly Transacting Members (MTMs): Increased 18% year-over-year to 2.99 million .</li><li>ExtraCash originations: Increased 37% year-over-year to $2.1 billion .</li><li>ExtraCash Monetization Rate Net of Losses: Expanded nearly 40 basis points to 5.1%, reaching its highest level in over four years .</li><li>Average 28-day past due rate: 1.69% in Q1 2026, a decrease from 1.70% in Q1 2025, marking a record Q1 low .</li><li>Dave Debit Card spend: Increased 9% year-over-year to $534 million .</li><li>Share Repurchase Activity: Approximately $195 million was deployed in Q1 2026, representing 7.0% of shares outstanding .</li></ul><h4>Outlook / Guidance</h4>Dave Inc. raised its full-year 2026 guidance, projecting GAAP Operating Revenues, Net to be between $710 million and $720 million, representing 28%-30% year-over-year growth . Adjusted EBITDA is anticipated to be between $305 million and $315 million, while Adjusted Net Income per Diluted Share is expected to be between $16.25 and $16.75 . This revised guidance reflects Q1 outperformance and a positive outlook .

Dave | 8-K: FY2026 Q1 Revenue Beats Estimate at USD 158.4 M