Dave Inc.
dave.comWhat Do They Do?
Provides short-term overdraft credit, digital checking and money-management tools through a mobile app for consumers underserved by traditional financial institutions.
10-K for FY2025, filed Mar 2, 2026Dave Inc. ("Dave," the "Company," "we," "us," or "our") is one of the nation's leading neobanks, providing a mobile-first financial…View ↗
Since inception, over 19 million Members have signed up for the Dave app, with over 14 million having used at least one of our products.…View ↗
We deliver a seamless Member experience through our mobile application, offering products designed to address the most critical financial…View ↗
ExtraCash is our flagship overdraft product, offered through our bank partners, that provides Members with up to $500 of credit in the form…View ↗
Dave Checking is a digital demand deposit account offered through our bank partners with premium features, no account minimums or…View ↗
Personal Financial ManagementView ↗
How Do They Make Money?
Members pay a mandatory 5% service fee on ExtraCash overdrafts, with a $5 minimum; Dave also charges a monthly membership fee and earns from debit-card interchange, bank incentives, deposit interest and other ancillary fees.
10-K for FY2025, filed Mar 2, 2026In February 2025, we completed the transition to a simplified, transparent fee structure. The previous optional fee model was replaced with…View ↗
Revenues are primarily driven by merchant interchange, Mastercard incentives, interest on deposits paid by our partner banks, and other…View ↗
In mid-2025, we implemented a revised subscription fee structure, increasing the monthly membership fee from $1 to $3 for new Members. This…View ↗
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10-K for FY2025, filed Mar 2, 2026
FY2025 revenue by product or service ↗
$554.2M
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10-K for FY2025, filed Mar 2, 2026
$554.2M ↗
| Segment | Share | Revenue | How money arrives |
|---|---|---|---|
|
Processing and overdraft service fees, net
Usage-based
10-K for FY2025, filed Mar 2, 2026 |
84% |
Processing and overdraft service fees, net, FY2025
$466.8M Sources
|
Usage-based |
|
Tips
|
1.4%
FY2022: 30%
|
Tips, FY2025
$7.5M Sources
|
|
|
Subscriptions
Recurring
|
6.7%
FY2022: 9.4%
|
Subscriptions, FY2025
$37.2M Sources
|
Recurring |
|
Other
|
0.1%
FY2022: 0.5%
|
Other, FY2025
$349K Sources
|
|
|
Interchange revenue, net
Usage-based
|
4.4%
FY2022: 5.3%
|
Interchange revenue, net, FY2025
$24.4M Sources
|
Usage-based |
|
ATM revenue, net
Usage-based
|
0.4%
FY2022: 1.4%
|
ATM revenue, net, FY2025
$2.3M Sources
|
Usage-based |
|
Transaction based revenue Other, net
Usage-based
|
2.8%
FY2022: 1.1%
|
Transaction based revenue Other, net, FY2025
$15.7M Sources
|
Usage-based |
Who Are Their Customers?
Dave serves Members, often underserved by traditional financial institutions, directly through its mobile app, with ExtraCash, checking and money-management tools.
10-K for FY2025, filed Mar 2, 2026Dave Inc. ("Dave," the "Company," "we," "us," or "our") is one of the nation's leading neobanks, providing a mobile-first financial…View ↗
We deliver a seamless Member experience through our mobile application, offering products designed to address the most critical financial…View ↗
ExtraCash is our flagship overdraft product, offered through our bank partners, that provides Members with up to $500 of credit in the form…View ↗
Dave Checking is a digital demand deposit account offered through our bank partners with premium features, no account minimums or…View ↗
Personal Financial ManagementView ↗
Do Revenues Turn Into Profits?
Yes. It kept 35 cents of every revenue dollar as net income in FY2025 and turned 52 cents into free cash flow.
How Are They Changing?
10-Q for Q2 FY2026, filed Aug 5, 2026
Open tableView ↗
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Aug 5, 2026
Raised full-year revenue, adjusted EBITDA and adjusted EPS guidance
2026 revenue guidance increased to $725–$735 million from $710–$720 million.
Sources
8-K, filed Aug 5, 2026
$710 - $720 $725 - $735View ↗
Growing. Revenue grew 3.6x in 4 years, from $153M in FY2021 to $554.2M in FY2025, about 38% a year.
ExtraCash fee structure
The older report described advances that could be received without fees, with an optional express-transfer fee. The latest report says the optional fee model was replaced by a mandatory overdraft service fee.
10-K for FY2022, filed Mar 13, 2023 10-K for FY2025, filed Mar 2, 2026ExtraCash: Many Americans are often unable to maintain a positive balance between paychecks, driving a reliance on overdraft products…View ↗
In February 2025, we completed the transition to a simplified, transparent fee structure. The previous optional fee model was replaced with…View ↗
Who Do They Compete With?
Competes with Bank of America, JPMorgan Chase, Wells Fargo, Varo Bank, Chime, Earnin, MoneyLion, Brigit, Affirm, Klarna, Cash App, Venmo, Upstart, and LendingClub
10-K for FY2025, filed Mar 2, 2026Banking Competitors: Traditional banks and credit unions such as Bank of America, JPMorgan Chase, and Wells Fargo; new entrants that have…View ↗
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