Shares of Dave Inc (DAVE) soared 6.20% in pre-market trading on Tuesday following the release of its impressive third-quarter 2025 financial results and raised full-year guidance. The neobank's performance significantly exceeded expectations, demonstrating robust growth across key metrics.
Dave reported a substantial year-over-year revenue increase of 63%, reaching $150.8 million for Q3. The company's bottom line also showed remarkable improvement, with net income surging to $92 million and adjusted EBITDA hitting $58.7 million. Earnings per share came in at an impressive $6.34, reflecting the company's strong profitability.
Adding to the positive sentiment, Dave raised its full-year 2025 guidance. The company now expects revenue in the range of $544 million to $547 million, up from its previous forecast. Additionally, Dave increased its adjusted EBITDA guidance to between $215 million and $218 million. This upward revision in outlook has likely contributed to the stock's pre-market rally. The strong performance was attributed to accelerating growth in Monthly Transacting Members, a 49% increase in ExtraCash originations to $2 billion, and improvements in the company's CashAI technology, which has enhanced origination size and reduced delinquency rates.
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