Filing Flows › Dave (DAVE) › Q2 2026
Dave (DAVE) Q2 2026 earnings results (second quarter 2026)
10-Q filed Aug 5, 2026
Dave (DAVE) reported revenue of $171M for the second quarter 2026 (Q2 2026), +30% from a year earlier and +8% from the quarter before. Operating margin was 8.6%, net earnings $6.7M (3.9% of revenue).
Dave, Q2 2026: revenue $171M (+30% year over year), operating margin 8.6%, net earnings $6.7M, operating cash flow $68.4M. The chart follows the revenue to costs, profit and cash.
| Q2 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $171M | +8% | +30% |
| Operating profit | $14.7M | -79% | +27% |
| Net earnings | $6.7M | -88% | -26% |
| Operating cash flow | $68.4M | -17% | +0.2% |
| Free cash flow | $68.1M | -17% | +0.1% |
What changed
Revenue was $170.8M in Q2 2026, up 30% year over year and up 8% from the previous quarter. Processing and Overdraft Service Fees Net was the largest line at 85% of revenue. Processing and Overdraft Service Fees Net added $31.5M year over year (up 28%), 81% of the total change. Other declined 41%.
Operating profit was $14.7M, a 8.6% margin (down 0.1 points year over year). Of the extra revenue versus Q2 2025, 8% reached operating profit, below the 9% margin then. Total costs grew 30% against revenue growth of 30%. Net earnings were $6.7M, down 26% year over year. The effective tax rate was 54.4%.
Operating cash flow was $68.4M (roughly flat year over year), 1023% of net earnings. Non-cash charges added back $2.1M of depreciation and amortization and $16.3M of share-based compensation. Working capital and other items added $43.3M. Capital expenditures of $232K left free cash flow of $68.1M.
Questions
What was Dave's revenue in the second quarter 2026?
Dave (DAVE) reported revenue of $171M for the second quarter 2026 (Q2 2026), +30% from a year earlier and +8% from the quarter before.
Was Dave profitable in the second quarter 2026?
Operating profit was $14.7M (8.6% of revenue) and net earnings $6.7M.
Source: Dave 10-Q on SEC EDGAR.