Filing Flows › Dave (DAVE) › Q3 2026 › vs Q2 2026
Dave (DAVE) Q3 2026 vs Q2 2026 (quarter over quarter)
Dave's revenue rose $26.9M (+16%) from $171M in Q2 2026 to $198M in Q3 2026. The biggest changes: Service Based Revenue +$26.2M (+16%); Interchange Revenue Net +$399K (+7%); Transaction Based Revenue Other Net +$239K (+6%). Operating margin 37.7% against 8.6% (+29.1 pts).
Dave, Q3 2026: revenue $198M (+31% year over year), operating margin 37.7%, net earnings $63.8M, operating cash flow $81.4M. The chart draws each line against Q2 2026, the increases inside each band.
Margins
| Q3 2026 | Q2 2026 | Change | |
|---|---|---|---|
| Operating margin | 37.7% | 8.6% | +29.1 pts |
| Net margin | 32.3% | 3.9% | +28.3 pts |
Every line
| Line | Q3 2026 | Q2 2026 | Change | % |
|---|---|---|---|---|
| Processing and Overdraft Service Fees Net | $169M | $145M | $24.0M | +17% |
| Subscriptions | $17.3M | $15.1M | $2.2M | +15% |
| Service Based Revenue | $186M | $160M | $26.2M | +16% |
| Interchange Revenue Net | $6.4M | $6.0M | $399K | +7% |
| Transaction Based Revenue Other Net | $4.3M | $4.1M | $239K | +6% |
| Revenue | $198M | $171M | $26.9M | +16% |
| Operating profit | $74.5M | $14.7M | $59.8M | +408% |
| Costs & expenses | $123M | $156M | −$32.9M | -21% |
| Pre-tax earnings | $74.5M | $14.7M | $59.8M | +408% |
| Net earnings | $63.8M | $6.7M | $57.1M | +854% |
| Income tax | $10.7M | $8.0M | $2.7M | +34% |
| Depreciation & amortization | $1.7M | $2.1M | −$328K | -16% |
| Share-based compensation | $22.0M | $16.3M | $5.7M | +35% |
| Working capital & other | $6.1M | −$43.3M | $49.5M | — |
| Operating cash flow | $81.4M | $68.4M | $13.0M | +19% |
Questions
How much did Dave's revenue grow quarter over quarter in Q3 2026?
Dave's revenue rose $26.9M (+16%) from $171M in Q2 2026 to $198M in Q3 2026.
What drove Dave's revenue change in Q3 2026?
Service Based Revenue +$26.2M (+16%); Interchange Revenue Net +$399K (+7%); Transaction Based Revenue Other Net +$239K (+6%).