Dave Inc. shares have surged 101.9% over the past three months, outpacing the broader market, after management raised full-year 2026 guidance for the eighth consecutive quarter. First-quarter 2026 revenues rose 47% year over year to $158.4 million, adjusted EBITDA increased 57% to $69.3 million, and adjusted EPS climbed 64% to $3.64. The Zacks Consensus Estimate calls for 2026 revenues of $714 million and earnings of $16.61 per share, with management guiding adjusted EPS of $16.25 to $16.75. However, the stock trades at 6.1 times forward sales, well above its five-year median of 1.7 times and the sub-industry average of 2.6 times, though its forward price-to-earnings ratio of 22.2 and PEG ratio of 0.9 suggest earnings growth partially supports the premium. Execution risks remain, including the shift of ExtraCash receivables to Coastal Community Bank, which is expected to unlock more than $200 million of liquidity but will pressure reported non-GAAP gross margin, and quarter-end timing added about $5 million of unfavorable impact to first-quarter provisions. Dave currently carries a Zacks Rank of 1, or Strong Buy, with a Growth Score of A but a Value Score of D and Momentum Score of F.
Dave IncRaised full-year 2026 guidance for eighth consecutive quarter, with strong Q1 revenue and earnings growth.
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