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Dave (DAVE) guidance and outlook

Dave (DAVE) raised its guidance on Nov 4, 2026: EBITDA $315M–$325M for FY2026; EPS $17.00–$17.50 for FY2026. Dave's 10-Q filed Nov 4, 2026 makes 21 forward-looking statements.

Guidance and outlook

Latest guidance

From the earnings release filed Nov 4, 2026 (8-K on EDGAR).

Forward-looking statements, 10-Q filed Nov 4, 2026

• Since the fourth quarter of 2025, all new Members have been onboarded to Coastal, and we expect the transition of existing Members to be substantially completed in early 2027.
• While we do not import goods and have no direct tariff exposure, and have not paid tariffs for which a refund would be recoverable, such conditions could reduce our Members' discretionary income and ability to repay outstanding ExtraCash amounts, which could increase our provision for credit losses and affect demand for our products.
• We expect processing and overdraft service fees to continue to increase in line with growth in ExtraCash volume and Member engagement.
• Beginning June 1, 2026, the provision includes expected credit losses on guaranteed ExtraCash receivables held by Coastal, which we measure using the same CECL methodology and loss rates as our on-balance-sheet receivables.
• The amended Program Agreement changed where these receivables are recorded, not how we estimate expected credit losses on them (see Note 5, Member Receivables, Net).
• Under the CECL model, management estimates lifetime expected credit losses based on historical experience, current conditions, and reasonable and supportable forecasts.
• Our CECL methodology pools ExtraCash receivables based on shared risk characteristics, principally the number of days from origination, and we consider whether current conditions and reasonable and supportable forecasts, including seasonal effects, warrant an adjustment to historical loss experience; for the periods presented, we determined that historical loss rates remained most indicative of lifetime expected…
• Management regularly updates ExtraCash eligibility requirements, new Member conversion processes, and risk detection capabilities to align with expected loss emergence patterns and to respond to economic conditions and seasonal shifts in Member activity, and during the third quarter of 2026 made targeted refinements to ExtraCash eligibility and advance amounts for certain Members.
• In addition, our presentation of this measure should not be construed as an inference that our future results will be unaffected by unusual or non-recurring items.
• Treasury money market funds and are expected to be used for general corporate purposes, including additional share repurchases under our Repurchase Program.
• There can be no assurance that additional financing, if pursued, will be available on terms acceptable to us, or at all.
• We are required to fund a Cash Collateral Account at Coastal monthly, in an amount tied to the expected credit losses on Coastal-held receivables, which represents a recurring use of cash.

Dave's latest quarter

Questions

Did Dave raise or lower its guidance?

Dave (DAVE) raised its guidance on Nov 4, 2026: EBITDA $315M–$325M for FY2026; EPS $17.00–$17.50 for FY2026.

What does Dave expect?

Since the fourth quarter of 2025, all new Members have been onboarded to Coastal, and we expect the transition of existing Members to be substantially completed in early 2027. While we do not import goods and have no direct tariff exposure, and have not paid tariffs for which a refund would be recoverable, such conditions could reduce our Members' discretionary income and ability to repay outstanding ExtraCash amounts, which could increase our provision for credit losses and affect demand for our products. We expect processing and overdraft service fees to continue to increase in line with gro

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Updated Nov 8, 2026. Read automatically from SEC filings and public data; errors are possible. Not investment advice.