Dave (DAVE) Q2 EPS Jumps 211%
(NASDAQ:DAVE), a digital finance platform focused on providing banking and credit solutions to financially vulnerable Americans, released its second quarter fiscal 2025 earnings on August 6, 2025. The company reported Non-GAAP earnings of $3.14 per diluted share for Q2 2025, significantly higher than the $1.43 analysts expected (non-GAAP). GAAP revenue for Q2 2025 was $131.7 million, outpacing the $113.16 million GAAP estimate. Revenue growth accelerated for the third consecutive quarter to the fastest rate in over five years, with raised guidance reflecting management's confidence in further gains. The quarter stood out for substantial improvements in profitability, as Dave reported both GAAP and non-GAAP profitability gains, strong user engagement, and momentum across Dave’s core products and services.
Source: Analyst estimates provided by FactSet. Management expectations based on management's guidance, as provided in Q1 2025 earnings report.
Dave offers banking tools and small-dollar lending products for Americans who manage tight budgets or live paycheck to paycheck. The company aims to serve individuals often overlooked by traditional banks by providing services such as ExtraCash, an advance product, and a no-fee checking account with financial management features.
Source Fool.com
