Digital banking platform Dave (NASDAQ: DAVE) beat Wall Street’s revenue expectations in Q3 CY2025, with sales up 63% year on year to $150.8 million. The company’s full-year revenue guidance of $545.5 million at the midpoint came in 6.5% above analysts’ estimates. Its non-GAAP profit of $4.24 per share was 81% above analysts’ consensus estimates.
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Dave (DAVE) Q3 CY2025 Highlights:
“We delivered another record quarter in Q3, reflecting the continued strength of customer demand and the scalability of our platform. Revenue grew over 60% year-over-year for the second consecutive quarter and Adjusted EBITDA more than doubled for the fourth straight quarter,” said Jason Wilk, Founder and CEO of Dave.
Company Overview
Named after the biblical David fighting financial Goliaths, Dave (NASDAQ: DAVE) is a digital financial services platform that helps Americans living paycheck to paycheck with cash advances, banking services, and tools to improve their financial health.
Revenue Growth
A company’s long-term sales performance is one signal of its overall quality. Even a bad business can shine for one or two quarters, but a top-tier one grows for years. Over the last five years, Dave grew its revenue at an incredible 35.2% compounded annual growth rate. Its growth beat the average financials company and shows its offerings resonate with customers, a helpful starting point for our analysis.
We at StockStory place the most emphasis on long-term growth, but within financials, a half-decade historical view may miss recent interest rate changes, market returns, and industry trends. Dave’s annualized revenue growth of 41.4% over the last two years is above its five-year trend, suggesting its demand was strong and recently accelerated. 
This quarter, Dave reported magnificent year-on-year revenue growth of 63%, and its $150.8 million of revenue beat Wall Street’s estimates by 13%.
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Key Takeaways from Dave’s Q3 Results
It was good to see Dave beat analysts’ EPS expectations this quarter. We were also excited its revenue outperformed Wall Street’s estimates by a wide margin. Zooming out, we think this was a solid print. The stock traded up 12.5% to $269.89 immediately after reporting.
Sure, Dave had a solid quarter, but if we look at the bigger picture, is this stock a buy? When making that decision, it’s important to consider its valuation, business qualities, as well as what has happened in the latest quarter. We cover that in our actionable full research report which you can read here, it’s free for active Edge members.
