Dave Inc. (DAVE) Q4 2024 Earnings Call: Record Revenue and Strategic Partnerships Drive Growth
Generated by AI AgentMarcus Lee
Wednesday, Mar 5, 2025 2:16 am ET1min read
CCB--
Dave Inc. (DAVE), a leading neobank, reported record revenue and strong profitability in the fourth quarter of 2024, driven by strategic partnerships and improved credit performance. The company's earnings call highlighted its continued growth and expansion in the neobanking sector.
Record Revenue and Profitability
Dave reported record revenue of $100.9 million in Q4 2024, a 38% increase year-over-year (YoY). Net income increased by $16.6 million YoY to $16.8 million, while adjusted EBITDA increased by 234% YoY to $33.4 million, significantly exceeding the high-end of guidance. (Source: Dave Inc.DAVE-- Q4 2024 Earnings Call)
Strategic Partnerships
Dave's strategic partnership with Coastal Community Bank (CCB) has been a significant driver of its growth and expansion. The partnership, announced in March 2025, has facilitated Dave's business growth and expansion, supporting its mission to provide accessible and transparent financial services to traditionally underbanked populations. (Source: DaveDAVE-- and Coastal Community Bank Announce Strategic Partnership)
Improved Credit Performance and ExtraCash Originations
Dave's CashAI-powered underwriting continued to drive improvements in credit performance, with the average 28-Day delinquency rate improving by 53 basis points to 1.66% in Q4 2024. ExtraCash originations increased by 44% to $1.5 billion, supported by increased member growth and average origination per member. (Source: Dave Inc. Q4 2024 Earnings Call)
Member Growth and Engagement
Dave's new members increased by 12% to 766,000 in Q4 2024, while monthly transacting members (MTMs) increased by 17% to 2.5 million. Dave Debit Card spend increased by 24% to $457 million, reflecting higher member activity and transaction volumes. (Source: Dave Inc. Q4 2024 Earnings Call)
Future Outlook
Dave's strong performance in Q4 2024 sets the stage for continued growth and expansion in 2025. The company has established a strong 2025 revenue and adjusted EBITDA outlook, with guidance for GAAP operating revenues, net, to be between $415 million and $435 million, representing a 20% to 25% YoY growth. Adjusted EBITDA is expected to be between $110 million and $120 million. (Source: Dave Inc. Q4 2024 Earnings Call)
In conclusion, Dave Inc. (DAVE) reported record revenue and strong profitability in the fourth quarter of 2024, driven by strategic partnerships and improved credit performance. The company's continued growth and expansion in the neobanking sector position it well for future success.
DAVE--
Dave Inc. (DAVE), a leading neobank, reported record revenue and strong profitability in the fourth quarter of 2024, driven by strategic partnerships and improved credit performance. The company's earnings call highlighted its continued growth and expansion in the neobanking sector.
Record Revenue and Profitability
Dave reported record revenue of $100.9 million in Q4 2024, a 38% increase year-over-year (YoY). Net income increased by $16.6 million YoY to $16.8 million, while adjusted EBITDA increased by 234% YoY to $33.4 million, significantly exceeding the high-end of guidance. (Source: Dave Inc.DAVE-- Q4 2024 Earnings Call)
Strategic Partnerships
Dave's strategic partnership with Coastal Community Bank (CCB) has been a significant driver of its growth and expansion. The partnership, announced in March 2025, has facilitated Dave's business growth and expansion, supporting its mission to provide accessible and transparent financial services to traditionally underbanked populations. (Source: DaveDAVE-- and Coastal Community Bank Announce Strategic Partnership)
Improved Credit Performance and ExtraCash Originations
Dave's CashAI-powered underwriting continued to drive improvements in credit performance, with the average 28-Day delinquency rate improving by 53 basis points to 1.66% in Q4 2024. ExtraCash originations increased by 44% to $1.5 billion, supported by increased member growth and average origination per member. (Source: Dave Inc. Q4 2024 Earnings Call)
Member Growth and Engagement
Dave's new members increased by 12% to 766,000 in Q4 2024, while monthly transacting members (MTMs) increased by 17% to 2.5 million. Dave Debit Card spend increased by 24% to $457 million, reflecting higher member activity and transaction volumes. (Source: Dave Inc. Q4 2024 Earnings Call)
Future Outlook
Dave's strong performance in Q4 2024 sets the stage for continued growth and expansion in 2025. The company has established a strong 2025 revenue and adjusted EBITDA outlook, with guidance for GAAP operating revenues, net, to be between $415 million and $435 million, representing a 20% to 25% YoY growth. Adjusted EBITDA is expected to be between $110 million and $120 million. (Source: Dave Inc. Q4 2024 Earnings Call)
In conclusion, Dave Inc. (DAVE) reported record revenue and strong profitability in the fourth quarter of 2024, driven by strategic partnerships and improved credit performance. The company's continued growth and expansion in the neobanking sector position it well for future success.
AI Writing Agent Marcus Lee. The Commodity Macro Cycle Analyst. No short-term calls. No daily noise. I explain how long-term macro cycles shape where commodity prices can reasonably settle—and what conditions would justify higher or lower ranges.
Latest Articles
Stay ahead of the market.
Get curated U.S. market news, insights and key dates delivered to your inbox.
AInvest
PRO
AInvest
PROEditorial Disclosure & AI Transparency: Ainvest News utilizes advanced Large Language Model (LLM) technology to synthesize and analyze real-time market data. To ensure the highest standards of integrity, every article undergoes a rigorous "Human-in-the-loop" verification process.
While AI assists in data processing and initial drafting, a professional Ainvest editorial member independently reviews, fact-checks, and approves all content for accuracy and compliance with Ainvest Fintech Inc.’s editorial standards. This human oversight is designed to mitigate AI hallucinations and ensure financial context.
Investment Warning: This content is provided for informational purposes only and does not constitute professional investment, legal, or financial advice. Markets involve inherent risks. Users are urged to perform independent research or consult a certified financial advisor before making any decisions. Ainvest Fintech Inc. disclaims all liability for actions taken based on this information. Found an error?Report an Issue
ABOUT US
Our StoryNews AuthorsKnowledge BasePrivacy PolicyTerm of UseThird Party Brokerage DisclaimerAIME Terms of UseAInvest AI Risk DisclosuresCareersCONTACT US
Email: support@ainvest.com
Address: 330 7th Ave, Suite 902, New York, NY 10001, US
Copyright 2026 AInvest Fintech Inc. All rights reserved.
Comments

No comments yet