DAVE at a glance
Dave Inc./DE (DAVE, SEC CIK 1841408) filed its latest 10-K annual report on March 2, 2026, a 10-Q quarterly report on August 5, 2026, an 8-K current report on August 14, 2026 and Form 4 insider filings as recently as September 15, 2026. SignalX summarizes each filing with AI and tracks the company's insider trades and institutional holders.
- For the fiscal year ended December 31, 2025 (FY2025), Dave Inc./DE (DAVE) reported revenue of $554.2 million (up 59.7% from FY2024) and net income of $195.9 million. Diluted EPS was $13.53.
- As of June 30, 2026, 34 institutional investment managers tracked by SignalX reported holding Dave Inc./DE (DAVE) shares worth $2.0 billion in 13F-HR filings.
- The most recent insider open-market sale reported on Form 4 was by Carroll Brendan on September 14, 2026 of 33,453 shares at $1.60 per share.
Source: SEC EDGAR (XBRL financial data, 13F-HR and Form 4 filings).
- Revenue · FY2025
- $554.2M
- +59.7% vs prior year
- Insiders · 90 days
- 0 buys · 0 sells
- No open-market trades
- 13F holders
- 34 funds
- $2.0B · +2 vs prior quarter
- Latest 8-K
- Aug 14, 2026
- Item 5.02
AI 10-K Annual Report Analysis
Latest 10-K, fiscal year ended Dec 31, 2025
Business Overview
- Core business model: Provider of ExtraCash financial products with revenue from service and transaction fees
- Emphasis on simplified fee structure and growth in ExtraCash origination volume driving revenue and net income increase
- Net income surged to $195.9 million in 2025 from $57.9 million in 2024 reflecting improved operating performance and tax benefit
- Released $58.7 million deferred tax asset valuation allowance in 2025 after demonstrating sustained profitability
- Enacted new tax laws in 2025, including California sales factor apportionment and U.S. OBBBA tax legislation affecting R&D amortization
Risk Factors
- Regulatory risk: Ongoing increased legal fees of $0.9 million in 2025 driven by litigation, settlements, and compliance with evolving regulations
- Macroeconomic risk: 67% rise in provision for credit losses to $91.0 million in 2025 reflects credit performance amid portfolio growth and economic conditions
- Operational risk: Reliance on third-party SaaS and cloud platforms with 10% technology infrastructure cost increase to $12.1 million for security and scalability
- Competitive risk: 23% increase in transaction volume to $1.9 billion card spend in 2025 intensifies competition in payment and financing solutions
- Financial risk: $300 million share repurchase authorization replacing prior $125 million program may strain liquidity amid rising credit losses and operating expenses
Management Discussion & Analysis
- Revenue $554.2M in 2025, up 59.7% YoY from $347.1M in 2024; service-based revenue $511.9M vs $311.4M, transaction-based $42.3M vs $35.7M
- Operating margin 33.7% in 2025 (Operating expenses $367.6M on $554.2M revenue) vs 10.0% in 2024 (Operating expenses $312.5M on $347.1M revenue)
- Best segment: Service-based revenue $511.9M in 2025, up 64.4% YoY; worst: compensation and benefits expense stable at ~$103.4M vs $105.8M
- Operating cash flow $290.0M in 2025 vs $125.1M in 2024; share repurchases $43.7M; capital expenditures $6.8M; dividends not mentioned
- Management discontinued optional tips in Feb 2025, simplified fee to mandatory 5% overdraft service fee; guidance not explicitly disclosed; credit loss allowance increased to $37.6M
AI summary of the DAVE 10-K filed . Generated from the filing text; verify against the original.View on SEC EDGARHow to read a 10-K
AI 10-Q Quarterly Report Analysis
Latest 10-Q, quarter ended Jun 30, 2026
Risk Factors
- New York DFS subpoena for post-2021 products, including marketing, consumer communications, terms and fees
- Connecticut and Maryland licensing inquiries plus Maryland AG subpoena on earned-wage-access products
- California DFPI planned supervision under CCFPL, including examinations and potential civil penalties
- State licensing uncertainty could void ExtraCash receivables and restrict products or charges
- Earned-wage-access enforcement actions against EarnIn and MoneyLion heighten usury and disclosure exposure
AI summary of the DAVE 10-Q filed . Generated from the filing text; verify against the original.View on SEC EDGAR10-K vs 10-Q vs 8-K
AI 8-K Current Report Analysis
The most recent material events, by 8-K item
Item 5.02: Departure/Appointment of Directors or Principal Officers
- Director Yadin Rozov resigned effective August 12, 2026 for personal reasons
- Resignation unrelated to disagreements over operations, policies, or practices
Item 2.02: Results of Operations and Financial Condition
- Q2 2026 results for quarter ended June 30, 2026, released August 5, 2026
- Detailed financial results and management commentary contained in Exhibit 99.1
Item EX-99.1: Item EX-99.1
- Q2 revenue rose 30% to $170.8M, extending Dave’s ninth consecutive quarter of at least 30% growth
- Adjusted EBITDA increased 48% to $75.5M, with margin expanding to 44% from 39%
Item 5.07: Submission of Matters to a Vote of Security Holders
- 91.05% voter participation, providing a valid quorum for all four proposals
- Dan Preston elected Class II director through the 2029 annual meeting
AI summaries of DAVE 8-K current reports filed with the SEC. What 8-K item codes mean
SignalX for DAVE
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- Fund moves. Which tracked funds opened, added or cut DAVE, by share count.
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Recent Insider Transactions (Form 4)
Latest reported trades by officers, directors and 10% owners
| Insider | Type | Date | Shares | Price |
|---|---|---|---|---|
| Carroll Brendan | Sell | Sep 14, 2026 | 33,453 | $1.60 |
| Carroll Brendan | Sell | Sep 11, 2026 | 16,179 | $1.59 |
| Wilk Jason | J | Sep 11, 2026 | 37,090 | - |
| Beilman Kyle | J | Sep 11, 2026 | 40,000 | - |
| Carroll Brendan | Sell | Sep 10, 2026 | 15,359 | $1.59 |
| Carroll Brendan | Sell | Sep 4, 2026 | 300,000 | $1.98 |
| Beilman Kyle | F | Sep 2, 2026 | 3,748 | $372.85 |
| Wilk Jason | F | Sep 2, 2026 | 7,809 | $372.85 |
Financial SummaryXBRL
| Metric | FY2023 | FY2024 | FY2025 |
|---|---|---|---|
| Profitability | |||
| Revenue | $259.1M | $347.1M | $554.2M |
| Net Income | -$48.5M | $57.9M | $195.9M |
| Net Margin | -18.7% | 16.7% | 35.3% |
| Balance Sheet | |||
| Total Assets | - | $299.3M | $487.4M |
| Equity | $87.1M | $183.1M | $352.7M |
| ROE | -55.7% | 31.6% | 55.5% |
| Per Share | |||
| EPS | $-4.07 | $4.19 | $13.53 |
| Cash Flow | |||
| Operating CF | $33.8M | $125.1M | $290.0M |
| CapEx | $688K | $262K | $317K |
Source: XBRL data in Dave Inc./DE (DAVE)'s 10-K filings on SEC EDGAR, in USD. Compare across companies →
13F Fund Holdings: Quarterly Trend
Latest: Q2 2026Aggregate DAVE share value held by 13F filers tracked by SignalX, by quarter.
Quarterly totals table
| Quarter | Funds | Total value |
|---|---|---|
| Q2 2026 | 34 | $2.01B |
| Q1 2026 | 32 | $631.2M |
| Q4 2025 | 30 | $905.6M |
| Q3 2025 | 30 | $829.4M |
| Q2 2025 | 30 | $1.02B |
| Q1 2025 | 24 | $168.4M |
| Q4 2024 | 19 | $199.0M |
| Q3 2024 | 12 | $39.1M |
- BlackRock+839.4K (+101%)
- FMR LLC (Fidelity)+248.7K (+108%)
- Invesco Ltd+182.3K (+160%)
- State Street Corp+173.0K (+74%)
- JPMorgan Chase & Co+122.3K (+839%)
- Renaissance Technologies LLC−64.4K (-15%)
- Citadel Advisors LLC−51.7K (-94%)
- D.E. Shaw & Co−47.2K (-49%)
- Vanguard Capital Management LLC−29.4K (-6%)
- Millennium Management−8.2K (-19%)
Source: 13F-HR filings on SEC EDGAR (aggregated from 211 fund-quarter rows). Reflects only 13F filers tracked by SignalX, not the full institutional ownership universe. How 13F filings work
DAVE filing archive
AI analysis pages for each 10-K, 10-Q and 8-K
10-K annual reports
10-Q quarterly reports
Latest 2026 SEC Filings: 10-K, 10-Q, 8-K & Form 4
| Form | Filing date | Period | Analysis | SEC |
|---|---|---|---|---|
| 4 | Sep 15, 2026 | - | - | - |
| 4 | Sep 15, 2026 | - | - | - |
| 4 | Sep 14, 2026 | - | - | - |
| 4 | Sep 9, 2026 | - | - | - |
| 4 | Sep 4, 2026 | - | - | - |
| 4 | Sep 4, 2026 | - | - | - |
| 8-K | Aug 14, 2026 | - | Analysis | - |
| 8-K | Aug 5, 2026 | - | Analysis | - |
| 10-Q | Aug 5, 2026 | Jun 30, 2026 | Analysis | |
| 4 | Jun 9, 2026 | - | - | |
| 4 | Jun 8, 2026 | - | - | |
| 4 | Jun 4, 2026 | - | - | |
| 4 | Jun 4, 2026 | - | - | |
| 4 | Jun 4, 2026 | - | - | |
| 4 | Jun 4, 2026 | - | - | |
| 4 | Jun 4, 2026 | - | - | |
| 4 | Jun 4, 2026 | - | - | |
| 4 | Jun 4, 2026 | - | - | |
| 8-K | Jun 2, 2026 | - | Analysis | |
| 4 | May 29, 2026 | - | - | |
| SC 13G | May 15, 2026 | - | - | |
| 10-Q | May 5, 2026 | Mar 31, 2026 | Analysis | |
| 8-K | May 5, 2026 | - | Analysis | - |
| SC 13G | Apr 24, 2026 | - | - | |
| 4 | Mar 20, 2026 | - | - | - |
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DAVE SEC filings: frequently asked questions
Which institutions hold DAVE stock?
As of June 30, 2026, the largest Dave Inc./DE (DAVE) holders among the 13F filers tracked by SignalX were BlackRock ($621.5 million), FMR LLC (Fidelity) ($178.7 million), Vanguard Capital Management LLC ($176.7 million), State Street Corp ($151.6 million), Renaissance Technologies LLC ($136.9 million). 13F-HR reports are filed up to 45 days after each quarter ends.
What was DAVE's revenue in fiscal year 2025?
For the fiscal year ended December 31, 2025 (FY2025), Dave Inc./DE (DAVE) reported revenue of $554.2 million (up 59.7% from FY2024) and net income of $195.9 million. Diluted EPS was $13.53. The figures come from the XBRL data in the 10-K.
What are the main risks in DAVE's latest 10-K?
In the 10-K filed March 2, 2026, Dave Inc./DE (DAVE) flagged: Regulatory risk: Ongoing increased legal fees of $0.9 million in 2025 driven by litigation, settlements, and compliance with evolving regulations. Macroeconomic risk: 67% rise in provision for credit losses to $91.0 million in 2025 reflects credit performance amid portfolio growth and economic conditions. (AI summary of the Risk Factors section.)
What did DAVE report in its latest 8-K?
Dave Inc./DE (DAVE) filed an 8-K on August 14, 2026 reporting Item 5.02 (Departure/Appointment of Directors or Principal Officers). Director Yadin Rozov resigned effective August 12, 2026 for personal reasons.
What are the latest DAVE SEC filings?
Dave Inc./DE (DAVE) filed its latest 10-K annual report on March 2, 2026, a 10-Q quarterly report on August 5, 2026, an 8-K current report on August 14, 2026 and a Form 4 insider filing on September 15, 2026.
What is DAVE's SEC CIK number?
Dave Inc./DE (DAVE)'s SEC Central Index Key (CIK) is 1841408. EDGAR lists every DAVE filing under that number.
Ask anything about DAVE
The research agent reads DAVE's filings, financials, insider trades and 13F holders, then answers with sources.