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DAVE shares surge 91% YTD after fiscal Q1 results and raised guidance
The digital banking company reported $158.4 million in Q1 fiscal 2026 revenue, and lifted annual revenue and EPS guidance to as much as $720 million and $16.75, respectively.
Yahoo Finance highlights that DAVE, a digital banking service focused on budgeting tools, cash advances, and a checking account, has seen its shares rise about 91% year to date after its first-quarter fiscal 2026 update.
In the quarter, the company posted $158.4 million in revenue, a 47% year-over-year gain, and $69.3 million in adjusted EBITDA, up 57%. Per-share earnings came in at $3.64, above the $2.86 consensus cited in the report.
DAVE also raised its annual guidance, projecting revenue of up to $720 million and EPS of up to $16.75. The article frames the rally as being supported by results that beat consensus alongside updated full-year expectations.
The coverage further points to strong investor interest, citing MoneyFlows data that shows unusually high institutional trading volumes in DAVE shares over the past year.