Dave Inc. Q1 revenue jumps 47% to $158.4M with record low credit delinquency and raised 2026 guidance

Dave Inc. reported a 47% year-over-year revenue increase to $158.4 million in Q1 2026, driven by strong member growth and improved credit performance, including a record low 28-day past due rate of 1.69%. Net income doubled to $57.9 million, and adjusted EBITDA rose 57% to $69.3 million. The company also repurchased $195 million in shares and raised its full-year 2026 revenue and earnings guidance, signaling confidence in continued growth fueled by innovations like its CashAI underwriting and new Pay in 4 card product testing.