Overview

* Dave ( DAVE ) Q3 revenue rises 63% yr/yr, reaching $150.8 mln

* Net income for Q3 hits $92.0 mln, reflecting record profitability

* Company raises 2025 revenue and adjusted EBITDA guidance

Outlook

* Dave ( DAVE ) raises 2025 revenue guidance to $544 - $547 mln

* Company increases 2025 adj. EBITDA guidance to $215 - $218 mln

* Rollout of CashAI v5.5 improves origination size and delinquency rates in Q4

Result Drivers

* MTM GROWTH - Accelerating Monthly Transacting Members growth contributed to revenue increase

* EXTRACASH ORIGINATIONS - ExtraCash originations grew 49% to $2 bln, boosting monetization rate

* CASHAI IMPROVEMENTS - CashAI v5.5 rollout improved origination size and delinquency rates

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

Q3 $150.80

Revenue mln

Q3 Net $92 mln

Income

Q3 $58.70

Adjusted mln

EBITDA

Analyst Coverage

* The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 8 "strong buy" or "buy", no "hold" and no "sell" or "strong sell"

* The average consensus recommendation for the financial technology (fintech) peer group is "buy"

* Wall Street's median 12-month price target for Dave Inc ( DAVE ) is $278.50, about 13.8% above its November 3 closing price of $240.11

* The stock recently traded at 29 times the next 12-month earnings vs. a P/E of 31 three months ago

Press Release:

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)