Filing Flows › Dave (DAVE) › Q2 2026 › vs Q2 2025
Dave (DAVE) Q2 2026 vs Q2 2025 (year over year)
Dave's revenue rose $39.0M (+30%) from $132M in Q2 2025 to $171M in Q2 2026. The biggest changes: Service Based Revenue +$38.5M (+32%); Transaction Based Revenue +$582K (+6%); Other −$31K (-41%). Operating margin 8.6% against 8.7% (-0.1 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 Q2 2025, the increases inside each band.
Margins
| Q2 2026 | Q2 2025 | Change | |
|---|---|---|---|
| Operating margin | 8.6% | 8.7% | -0.1 pts |
| Net margin | 3.9% | 6.9% | -2.9 pts |
| Free cash flow margin | 39.9% | 51.7% | -11.8 pts |
Every line
| Line | Q2 2026 | Q2 2025 | Change | % |
|---|---|---|---|---|
| Processing and Overdraft Service Fees Net | $145M | $113M | $31.5M | +28% |
| Subscriptions | $15.1M | $8.1M | $7.0M | +87% |
| Interchange Revenue Net | $6.0M | $6.0M | $18K | +0.3% |
| Transaction Based Revenue Other Net | $4.1M | $3.4M | $676K | +20% |
| Atm Revenue Net | $633K | $745K | −$112K | -15% |
| Service Based Revenue | $160M | $122M | $38.5M | +32% |
| Transaction Based Revenue | $10.7M | $10.2M | $582K | +6% |
| Other | $45K | $76K | −$31K | -41% |
| Revenue | $171M | $132M | $39.0M | +30% |
| Operating profit | $14.7M | $11.5M | $3.2M | +27% |
| Costs & expenses | $156M | $120M | $35.9M | +30% |
| Pre-tax earnings | $14.7M | $11.5M | $3.2M | +27% |
| Net earnings | $6.7M | $9.0M | −$2.4M | -26% |
| Income tax | $8.0M | $2.5M | $5.5M | +224% |
| Depreciation & amortization | $2.1M | $1.6M | $432K | +27% |
| Share-based compensation | $16.3M | $8.3M | $8.0M | +96% |
| Working capital & other | $43.3M | $49.3M | −$5.9M | -12% |
| Operating cash flow | $68.4M | $68.2M | $144K | +0.2% |
| Free cash flow (OCF − capex) | $68.1M | $68.1M | $39K | +0.1% |
| Capital expenditures | $232K | $127K | $105K | +83% |
Questions
How much did Dave's revenue grow year over year in Q2 2026?
Dave's revenue rose $39.0M (+30%) from $132M in Q2 2025 to $171M in Q2 2026.
What drove Dave's revenue change in Q2 2026?
Service Based Revenue +$38.5M (+32%); Transaction Based Revenue +$582K (+6%); Other −$31K (-41%).