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Dave Inc./DE (DAVEW) Stock Fundamental Analysis & AI Rating 2026

DAVEW Nasdaq Finance Services CIK: 0001841408
Updated This Month • Analysis: Mar 23, 2026 • SEC Data: 2025-12-31
Combined AI Rating
BUY
84% Confidence
AGREEMENT
STRONG BUY
92% Conf
BUY
76% Conf

📊 DAVEW Key Takeaways

Revenue: $554.2M
Net Margin: 35.3%
Free Cash Flow: $289.7M
Current Ratio: 3.83x
Debt/Equity: 0.00x
EPS: $13.53
AI Rating: STRONG BUY with 92% confidence
Dave Inc./DE (DAVEW) receives a BUY rating with 84% confidence from our AI fundamental analysis based on SEC 10-K filings. With revenue of $554.2M, net profit margin of 35.3%, and return on equity (ROE) of 55.5%, Dave Inc./DE demonstrates strong fundamentals in the Finance sector. Below is our complete DAVEW stock analysis for 2026.

Is Dave Inc./DE (DAVEW) a Good Investment?

Claude

Dave Inc. demonstrates exceptional fundamental strength with 59.7% revenue growth, outstanding profitability metrics (35.3% net margin, 55.5% ROE), and fortress balance sheet with zero long-term debt. The company converts 52.3% of revenue to free cash flow, indicating high-quality earnings and sustainable business model despite operating in the competitive financial services sector.

ChatGPT

Dave shows unusually strong fundamental momentum, with revenue up 59.7% year over year, operating margin at 30.3%, and free cash flow conversion that is exceptionally high relative to revenue. The balance sheet is clean with no long-term debt, strong liquidity, and high returns on equity and assets, but the flat net income growth versus rapid revenue growth suggests investors should confirm how much of profitability is recurring and sustainable.

Why Buy Dave Inc./DE Stock? DAVEW Key Strengths

Claude
  • + Outstanding profitability: 35.3% net margin and 30.3% operating margin significantly exceed financial services industry averages
  • + Exceptional capital efficiency: 55.5% ROE and 40.2% ROA demonstrate superior ability to generate returns from shareholder and total assets
  • + Fortress balance sheet: Zero long-term debt, 3.83x current ratio, and robust liquidity with $80.5M cash on $487.4M asset base
  • + High-quality revenue growth: 59.7% YoY revenue expansion with 52.3% free cash flow margin indicating sustainable, cash-generative growth
  • + Strong cash generation: $289.7M operating free cash flow on $554.2M revenue demonstrates business model reliability
ChatGPT
  • + Rapid top-line growth paired with strong 30.3% operating margin
  • + Excellent financial health with no long-term debt, 3.83x current ratio, and solid cash reserves
  • + Very strong cash generation with $289.71M of free cash flow and a 52.3% FCF margin

DAVEW Stock Risks: Dave Inc./DE Investment Risks

Claude
  • ! Rapid growth sustainability: 59.7% YoY growth rate may not be maintainable long-term as company matures and market penetration increases
  • ! Regulatory risk: Financial services sector faces evolving regulatory scrutiny that could impact operational flexibility and profitability
  • ! Net income flatness: 0.0% YoY net income growth despite 59.7% revenue growth suggests margin compression from operating leverage challenges or cost inflation
  • ! Concentration risk: Limited operational diversification within financial services sector exposure
  • ! Minimal insider buying signal: Only 7 Form 4 filings in 90 days suggests limited insider confidence or restricted trading windows
ChatGPT
  • ! Net income was flat year over year despite major revenue growth, which may indicate non-recurring items or rising underlying costs
  • ! Gross profit and gross margin are unavailable, limiting visibility into core unit economics
  • ! For a financial services business, operating cash flow can be influenced by balance sheet movements and may be less durable than it appears

Key Metrics to Watch

Claude
  • * Net income growth acceleration relative to revenue growth trajectory
  • * Operating margin stability during scaling phase
  • * Free cash flow conversion rate maintenance above 50%
  • * Capital expenditure trajectory and asset-light model preservation
  • * Regulatory developments and compliance costs impact on profitability
ChatGPT
  • * Sustainable net income growth relative to revenue growth
  • * Operating cash flow and free cash flow consistency across future periods

Dave Inc./DE (DAVEW) Financial Metrics & Key Ratios

Revenue
$554.2M
Net Income
$195.9M
EPS (Diluted)
$13.53
Free Cash Flow
$289.7M
Total Assets
$487.4M
Cash Position
$80.5M

💡 AI Analyst Insight

The 52.3% free cash flow margin provides substantial flexibility for dividends, buybacks, and strategic investments. Strong liquidity with a 3.83x current ratio provides a solid financial cushion.

DAVEW Profit Margin, ROE & Profitability Analysis

Gross Margin N/A
Operating Margin 30.3%
Net Margin 35.3%
ROE 55.5%
ROA 40.2%
FCF Margin 52.3%

DAVEW vs Finance Sector: How Dave Inc./DE Compares

How Dave Inc./DE compares to Finance sector averages

Net Margin
DAVEW 35.3%
vs
Sector Avg 25.0%
DAVEW Sector
ROE
DAVEW 55.5%
vs
Sector Avg 12.0%
DAVEW Sector
Current Ratio
DAVEW 3.8x
vs
Sector Avg 1.2x
DAVEW Sector
Debt/Equity
DAVEW 0.0x
vs
Sector Avg 2.0x
DAVEW Sector

Sector benchmarks are approximate industry averages. Actual sector performance may vary.

Is Dave Inc./DE Stock Overvalued? DAVEW Valuation Analysis 2026

Based on fundamental analysis, Dave Inc./DE appears fundamentally strong relative to the Finance sector in 2026.

Return on Equity
55.5%
Sector avg: 12%
Net Profit Margin
35.3%
Sector avg: 25%
Revenue Growth
N/A
Year-over-year
Debt/Equity
0.00x
Sector avg: 2x

Note: This is a fundamental analysis based on SEC filings. For P/E ratio, price targets, and market-based valuation, consult financial data providers. This is not investment advice.

Dave Inc./DE Balance Sheet: DAVEW Debt, Cash & Liquidity

Current Ratio
3.83x
Quick Ratio
3.83x
Debt/Equity
0.00x
Debt/Assets
27.6%
Interest Coverage
23.86x
Long-term Debt
$0.0

DAVEW Revenue & Earnings Growth: 5-Year Financial Trend

DAVEW 5-year financial data: Year 2022: Revenue $204.8M, Net Income -$20.0M, EPS $-4.69. Year 2023: Revenue $259.1M, Net Income -$128.9M, EPS $-11.12. Year 2024: Revenue $347.1M, Net Income -$48.5M, EPS $-4.07. Year 2025: Revenue $554.2M, Net Income -$48.5M, EPS $-4.07.
Revenue
Net Income
EPS (right axis)

5-Year Trend Summary: Dave Inc./DE's revenue has grown significantly by 171% over the 5-year period, indicating strong business expansion. The most recent EPS of $-4.07 indicates the company is currently unprofitable.

DAVEW Revenue Growth, EPS Growth & YoY Performance

Revenue Growth
N/A
Year-over-year
Net Income Growth
N/A
Year-over-year
EPS Growth
N/A
Earnings per share
FCF Margin
52.3%
Free cash flow / Revenue

DAVEW Quarterly Earnings & Performance

Quarterly financial performance data for Dave Inc./DE including revenue, net income, and earnings per share.
Quarter Revenue Net Income EPS
Q3 2025 $92.5M $466.0K $0.03
Q2 2025 $80.1M $6.4M $0.47
Q1 2025 $73.6M $28.8M $1.97
Q3 2024 $65.8M $466.0K $0.03
Q2 2024 $61.2M $6.4M $0.47
Q1 2024 $58.9M -$14.0M $-1.19
Q3 2023 $56.8M -$12.1M $-1.01
Q2 2023 $45.8M -$22.6M $-1.90

Data sourced from SEC EDGAR 10-Q quarterly filings. Figures may represent quarterly or cumulative values.

Dave Inc./DE Dividends, Buybacks & Capital Allocation

Operating Cash Flow
$290.0M
Cash generated from operations
Stock Buybacks
$43.7M
Shares repurchased (TTM)
Capital Expenditures
$317.0K
Investment in assets
Dividends
None
No dividend program

DAVEW SEC Filings: Latest 10-K & 10-Q Analysis

Access official SEC EDGAR filings for Dave Inc./DE (CIK: 0001841408)

📋 Recent SEC Filings

Date Form Document Action
Mar 20, 2026 4 xslF345X06/ownership.xml View →
Mar 11, 2026 4 xslF345X05/ownership.xml View →
Mar 11, 2026 4 xslF345X05/ownership.xml View →
Mar 9, 2026 8-K d108294d8k.htm View →
Mar 6, 2026 4 xslF345X05/ownership.xml View →

Frequently Asked Questions about DAVEW

What is the AI rating for DAVEW?

Dave Inc./DE (DAVEW) has a Combined AI Rating of BUY from Claude (STRONG BUY) and ChatGPT (BUY) with 84% combined confidence, based on fundamental analysis of SEC EDGAR filings.

What are DAVEW's key strengths?

Claude: Outstanding profitability: 35.3% net margin and 30.3% operating margin significantly exceed financial services industry averages. Exceptional capital efficiency: 55.5% ROE and 40.2% ROA demonstrate superior ability to generate returns from shareholder and total assets. ChatGPT: Rapid top-line growth paired with strong 30.3% operating margin. Excellent financial health with no long-term debt, 3.83x current ratio, and solid cash reserves.

What are the risks of investing in DAVEW?

Claude: Rapid growth sustainability: 59.7% YoY growth rate may not be maintainable long-term as company matures and market penetration increases. Regulatory risk: Financial services sector faces evolving regulatory scrutiny that could impact operational flexibility and profitability. ChatGPT: Net income was flat year over year despite major revenue growth, which may indicate non-recurring items or rising underlying costs. Gross profit and gross margin are unavailable, limiting visibility into core unit economics.

What is DAVEW's revenue and growth?

Dave Inc./DE reported revenue of $554.2M.

Does DAVEW pay dividends?

Dave Inc./DE does not currently pay dividends.

Where can I find DAVEW SEC filings?

Official SEC filings for Dave Inc./DE (CIK: 0001841408) including 10-K, 10-Q, and 8-K reports are available on SEC EDGAR.

What is DAVEW's EPS?

Dave Inc./DE has a diluted EPS of $13.53.

How is the AI analysis conducted?

Two independent AI systems — Claude (Anthropic) and ChatGPT (OpenAI) — analyze SEC EDGAR filings including 10-K annual reports and 10-Q quarterly reports. Each AI evaluates financial health, profitability ratios, balance sheet strength, and growth metrics. The combined rating reflects both perspectives for balanced insights.

Is DAVEW a good stock to buy right now?

Based on our AI fundamental analysis in April 2026, Dave Inc./DE has a BUY rating with 84% confidence. The AI analysis suggests favorable fundamentals based on SEC filings. This is not investment advice.

Is DAVEW stock overvalued or undervalued?

Valuation metrics for DAVEW: ROE of 55.5% (sector avg: 12%), net margin of 35.3% (sector avg: 25%). Higher ROE suggests strong returns relative to peers.

Should I buy DAVEW stock in 2026?

Our dual AI analysis gives Dave Inc./DE a combined BUY rating for 2026. Revenue is data pending, with profitability above sector average. Always conduct your own research.

What is DAVEW's free cash flow?

Dave Inc./DE's operating cash flow is $290.0M, with capital expenditures of $317.0K. FCF margin is 52.3%.

How does DAVEW compare to other Finance stocks?

Vs Finance sector averages: Net margin 35.3% (avg: 25%), ROE 55.5% (avg: 12%), current ratio 3.83 (avg: 1.2).

Why is DAVEW's return on equity (ROE) so high?

Dave Inc./DE has a return on equity of 55.5%, significantly above the Finance sector average of 12%. A high ROE indicates the company is efficient at generating profits from shareholder equity. This is supported by a 35.3% net margin.

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Disclaimer: This analysis is generated by Claude AI (Anthropic) and ChatGPT (OpenAI) based on publicly available SEC EDGAR filings. It does not include stock price data and should not be considered financial advice. All fundamental data is sourced from SEC public domain filings. Always conduct your own research and consult with a qualified financial advisor before making investment decisions.
Data Source: SEC EDGAR | Analysis Date: Mar 23, 2026 | Data as of: 2025-12-31 | Powered by Claude AI