Financials in USD. Standardized financial statements.
A compact view of how Dave Inc. turns revenue into operating income and net income.
| Metric | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|---|---|
| Revenue? | $554.18M | $347.08M | $259.09M | $204.84M | $153.01M | $121.80M | $76.23M |
| Revenue Growth? | +59.7% | +34.0% | +26.5% | +33.9% | +25.6% | +59.8% | 0.0% |
| Cost of Revenue? | $73.78M | $65.10M | $61.39M | $31.95M | $23.46M | $21.65M | $15.22M |
| Gross Profit? | $480.40M | $281.98M | $197.70M | $172.89M | $129.55M | $100.15M | $61.01M |
| Gross Margin? | +86.7% | +81.2% | +76.3% | +84.4% | +84.7% | +82.2% | +80.0% |
| Operating Expenses? | $293.78M | $247.37M | $239.90M | $307.29M | $135.93M | $100.15M | $59.23M |
| Operating Income? | $186.62M | $34.61M | -$42.20M | -$134.40M | -$6.38M | $0 | $1.78M |
| EBITDA? | $182.20M | $76.02M | -$31.08M | -$112.64M | -$14.30M | -$5.08M | $2.99M |
| Income Before Tax | $168.03M | $60.35M | -$48.40M | -$128.97M | -$19.90M | -$6.81M | $1.33M |
| Income Tax Expense | -$27.84M | $2.48M | $120,000 | -$67,000 | $97,000 | $145,000 | $545,000 |
| Net Income? | $195.87M | $57.87M | -$48.52M | -$128.91M | -$19.99M | -$6.96M | $787,000 |
| EPS? | $14.65 | $4.62 | $-4.07 | $-10.92 | $-1.72 | $-0.60 | $0.00 |
| Diluted EPS? | $13.53 | $4.19 | $-4.07 | $-10.92 | $-1.72 | $-0.60 | $0.00 |
Revenue, profitability, margins, EPS, and share-count trends over time.
Top-line demand and scale over time
Profit left after direct production costs
Core business profitability before financing and tax
Bottom-line profit after all expenses
Profit allocated to each diluted share
Share count trend that affects EPS quality
Gross, operating, and net margin quality