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Dave Stock Soars 27.79% on Q1 Earnings Surge
Generated by AI AgentAinvest Movers Radar
Thursday, May 8, 2025 7:37 am ET1min read
On May 8, 2025, Dave's stock surged by 27.79% in pre-market trading, driven by the release of its first-quarter 2025 financial results.
Dave reported a significant increase in revenue for the first quarter of 2025, reaching $108.0 million, which represents a 47% year-over-year growth. The company's net income for the quarter was $28.8 million, and its adjusted EBITDA increased by 235% year-over-year to $44.2 million. These strong financial results exceeded market expectations and contributed to the stock's pre-market rally.
Dave's impressive financial performance was further highlighted by its adjusted EBITDA, which saw a substantial increase of 235% year-over-year. This metric is a key indicator of the company's operational efficiency and profitability, and its significant growth reflects Dave's successful execution of its business strategies.
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