Filing Flows › Dave (DAVE) › Q2 2026 › vs Q1 2026
Dave (DAVE) Q2 2026 vs Q1 2026 (quarter over quarter)
Dave's revenue rose $12.4M (+8%) from $158M in Q1 2026 to $171M in Q2 2026. The biggest changes: Service Based Revenue +$12.5M (+8%); Transaction Based Revenue −$81K (-0.7%); Other −$9K (-17%). Operating margin 8.6% against 44.3% (-35.7 pts).
Dave, Q2 2026: revenue $171M (+30% year over year), operating margin 8.6%, net earnings $6.7M, operating cash flow $68.4M. The chart draws each line against Q1 2026, the increases inside each band.
Margins
| Q2 2026 | Q1 2026 | Change | |
|---|---|---|---|
| Operating margin | 8.6% | 44.3% | -35.7 pts |
| Net margin | 3.9% | 36.6% | -32.7 pts |
| Free cash flow margin | 39.9% | 51.8% | -11.9 pts |
Every line
| Line | Q2 2026 | Q1 2026 | Change | % |
|---|---|---|---|---|
| Processing and Overdraft Service Fees Net | $145M | $134M | $11.3M | +8% |
| Subscriptions | $15.1M | $13.9M | $1.1M | +8% |
| Interchange Revenue Net | $6.0M | $6.2M | −$172K | -3% |
| Transaction Based Revenue Other Net | $4.1M | $4.0M | $117K | +3% |
| Atm Revenue Net | $633K | $659K | −$26K | -4% |
| Service Based Revenue | $160M | $148M | $12.5M | +8% |
| Transaction Based Revenue | $10.7M | $10.8M | −$81K | -0.7% |
| Other | $45K | $54K | −$9K | -17% |
| Revenue | $171M | $158M | $12.4M | +8% |
| Operating profit | $14.7M | $70.2M | −$55.5M | -79% |
| Costs & expenses | $156M | $88.3M | $67.9M | +77% |
| Pre-tax earnings | $14.7M | $70.2M | −$55.5M | -79% |
| Net earnings | $6.7M | $57.9M | −$51.2M | -88% |
| Income tax | $8.0M | $12.2M | −$4.2M | -35% |
| Depreciation & amortization | $2.1M | $1.6M | $428K | +26% |
| Share-based compensation | $16.3M | $7.1M | $9.2M | +130% |
| Working capital & other | $43.3M | $15.4M | $28.0M | +182% |
| Operating cash flow | $68.4M | $82.0M | −$13.6M | -17% |
| Free cash flow (OCF − capex) | $68.1M | $82.0M | −$13.9M | -17% |
| Capital expenditures | $232K | $19K | $213K | 12× |
Questions
How much did Dave's revenue grow quarter over quarter in Q2 2026?
Dave's revenue rose $12.4M (+8%) from $158M in Q1 2026 to $171M in Q2 2026.
What drove Dave's revenue change in Q2 2026?
Service Based Revenue +$12.5M (+8%); Transaction Based Revenue −$81K (-0.7%); Other −$9K (-17%).