Dave Raises Full-Year Guidance After Q3 Revenue Rises 31%
Dave reported Q3 2026 revenue of $197.7 million, up 31% year over year, and adjusted EBITDA of $81.5 million, up 39%. Net income was $63.8 million, down 30.7%. It raised full-year guidance and increased ExtraCash receivables capacity to $325 million, including an additional $25 million for credit card receivables.
Dave Inc. reported Q3 2026 revenue of $197.7 million, representing a 31% year-over-year increase, and adjusted EBITDA of $81.5 million, up 39%. Net income for the period was $63.8 million, a 30.7% decrease compared to the prior year. The company raised its full-year guidance following these results.
Additionally, Dave amended its agreement with Coastal Community Bank to increase its ExtraCash receivables capacity to $325 million, with an additional $25 million allocated for credit card receivables. The company also reported an 18% increase in monthly transacting members and noted improved credit metrics following the launch of CashAI v6.0.