Stock Track | Dave Inc Soars 6.20% Pre-Market on Strong Q3 Results and Raised 2025 Guidance

Stock Track11-04

Dave Inc (DAVE) stock surged 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 strong performance and optimistic outlook have sparked investor enthusiasm.

Dave reported a remarkable 63% year-over-year increase in Q3 revenue, reaching $150.8 million. The company's net income soared to $92 million, marking a record level of profitability. Adjusted EBITDA for the quarter stood at $58.7 million, reflecting the company's operational efficiency.

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, the adjusted EBITDA guidance was increased to between $215 million and $218 million. The upward revision in outlook demonstrates management's confidence in the company's growth trajectory and financial performance.

The stellar results were driven by accelerating growth in Monthly Transacting Members and a 49% increase in ExtraCash originations to $2 billion. The rollout of CashAI v5.5 has also improved origination size and delinquency rates, further enhancing the company's financial position. As Dave continues to expand its user base and improve its offerings, investors appear optimistic about the company's future prospects in the competitive fintech landscape.

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