Revenue: As of FY2026 Q1, the actual value is USD 158.41 M.EPS: As of FY2026 Q1, the actual value is USD 4.02.EBIT: As of FY2026 Q1, the actual value is USD 71.07 M.Dave Inc. operates as a single operating and reportable segment, providing mobile-first financial services .<h4>Revenue</h4><ul><li>Total Operating Revenues, Net: Increased by $50.4 million (47%) to $158.4 million for the three months ended March 31, 2026, from $107.9 million for the same period in 2025 .<ul><li>Service Based Revenue, Net: Totaled $147.6 million in Q1 2026, up from $97.9 million in 2025 .<ul><li>Processing and Overdraft Service Fees, Net: Increased by $50.1 million (60%) to $133.6 million in Q1 2026, from $83.4 million in Q1 2025 .</li><li>Tips: Decreased by - $7.5 million, from $7.5 million in Q1 2025 to $0 in Q1 2026 .</li><li>Subscriptions: Grew by $7.1 million (105%) to $13.9 million in Q1 2026, from $6.8 million in Q1 2025 .</li></ul></li><li>Transaction Based Revenue, Net: Increased by $0.7 million (7%) to $10.8 million in Q1 2026, from $10.1 million in Q1 2025 .</li></ul></li></ul><h4>Operating Expenses</h4><ul><li>Total Operating Expenses: Increased by $26.0 million (36%) to $98.8 million in Q1 2026, from $72.8 million in Q1 2025 .<ul><li>Provision for Credit Losses: Increased by $16.0 million (151%) to $26.6 million in Q1 2026, from $10.6 million in Q1 2025 .</li><li>Processing and Servicing Costs: Increased by $2.6 million (37%) to $9.6 million in Q1 2026, from $7.0 million in Q1 2025 .</li><li>Financial Network and Transaction Costs: Increased by $0.7 million (10%) to $7.8 million in Q1 2026, from $7.0 million in Q1 2025 .</li><li>Advertising and Activation Costs: Increased by $2.3 million (20%) to $14.3 million in Q1 2026, from $11.9 million in Q1 2025 . Customer acquisition cost improved to approximately $18, with payback periods improving to nearly three months .</li><li>Compensation and Benefits: Increased by $0.3 million (1%) to $27.6 million in Q1 2026, from $27.3 million in Q1 2025 .</li><li>Technology and Infrastructure: Increased by $0.7 million (25%) to $3.4 million in Q1 2026, from $2.7 million in Q1 2025 .</li><li>Other Operating Expenses: Increased by $3.4 million (54%) to $9.7 million in Q1 2026, from $6.3 million in Q1 2025 .</li></ul></li></ul><h4>Other (Income) Expenses</h4><ul><li>Interest Income: Increased by $0.4 million (91%) to - $0.8 million in Q1 2026, from - $0.4 million in Q1 2025 .</li><li>Interest Expense: Decreased by - $0.03 million (-2%) to $1.7 million in Q1 2026, from $1.8 million in Q1 2025 .</li><li>Changes in Fair Value of Earnout Liabilities: Resulted in a benefit of - $3.2 million in Q1 2026, compared to a benefit of - $0.4 million in Q1 2025 .</li><li>Changes in Fair Value of Public and Private Warrant Liabilities: Resulted in a benefit of - $8.3 million in Q1 2026, compared to a loss of $0.4 million in Q1 2025 .</li></ul><h4>Net Income and Taxes</h4><ul><li>Net Income Before Provision for Income Taxes: Rose to $70.2 million in Q1 2026, from $33.9 million in Q1 2025 .</li><li>Provision for Income Taxes: Increased by $7.2 million (142%) to $12.2 million in Q1 2026, from $5.1 million in Q1 2025 .</li><li>Net Income: Increased to $57.9 million in Q1 2026, from $28.8 million in Q1 2025 .</li></ul><h4>Cash Flow</h4><ul><li>Net Cash Provided by Operating Activities: Increased by $36.8 million to $82.0 million in Q1 2026, from $45.2 million in Q1 2025 .</li><li>Net Cash Used in Investing Activities: Was - $10.1 million in Q1 2026, compared to - $28.1 million in Q1 2025 .</li><li>Net Cash Used in Financing Activities: Was - $19.1 million in Q1 2026, compared to - $19.9 million in Q1 2025 .</li></ul><h4>Unique Metrics</h4><ul><li>ExtraCash Receivables, Net: Totaled $279.1 million as of March 31, 2026, compared to $297.3 million as of December 31, 2025 .</li><li>ExtraCash Origination Volume: Increased from approximately $1.5 billion to $2.1 billion for the three months ended March 31, 2025 and 2026, respectively .</li><li>Average ExtraCash Amounts: Increased from $192 to $212 period over period .</li><li>Dave Debit Card Spend: $534 million in Q1 2026, a 9% increase year-over-year .</li><li>Legal Settlement Accrual: $7.9 million as of March 31, 2026 .</li><li>Debt Facility Outstanding: $75.0 million as of March 31, 2026, maturing in December 2026 .</li><li>Convertible Notes: $200.0 million aggregate principal amount of 0% Convertible Senior Notes due 2031 issued in March 2026, with net proceeds of approximately $193.4 million .</li><li>Share Repurchases: 912,622 shares of Class A common stock repurchased for approximately $186.7 million in Q1 2026, with approximately $113.3 million remaining available under the Repurchase Program as of March 31, 2026 .</li><li>Capped Call Transactions Cost: Approximately $17.3 million .</li><li>Weighted-Average Remaining Lease Term - Operating Lease: 1.57 years as of March 31, 2026 .</li><li>Weighted-Average Discount Rate - Operating Lease: 10% as of March 31, 2026 .</li><li>401(k) Employer Matching Contributions: $0.7 million for Q1 2026, up from $0.6 million for Q1 2025 .</li></ul><h4>Future Outlook and Strategy</h4>Dave Inc. recently launched Dave Flex, a general purpose credit card, in a controlled market to validate economic assumptions and refine risk management for future expansion . The company anticipates transitioning ExtraCash receivables to an off-balance-sheet structure with Coastal Community Bank by the end of 2026 to reduce funding obligations and improve capital efficiency . Dave Inc. is evaluating alternatives for its $75.0 million Debt Facility maturing in December 2026, including refinancing, extending maturity, or full repayment, believing current liquidity and cash flow are sufficient to meet this obligation .

DAVE INC C/WTS 05/01/2027 (TO PUR COM) | 10-Q: FY2026 Q1 Revenue: USD 158.41 M