Filing Flows › Dave (DAVE) › Q3 2026 › vs Q3 2025
Dave (DAVE) Q3 2026 vs Q3 2025 (year over year)
Dave's revenue rose $47.0M (+31%) from $151M in Q3 2025 to $198M in Q3 2026. The biggest changes: Service Based Revenue +$47.1M (+34%); Transaction Based Revenue Other Net −$340K (-7%); Interchange Revenue Net +$313K (+5%). Operating margin 37.7% against 38.8% (-1.1 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 Q3 2025, the increases inside each band.
Margins
| Q3 2026 | Q3 2025 | Change | |
|---|---|---|---|
| Operating margin | 37.7% | 38.8% | -1.1 pts |
| Net margin | 32.3% | 61.1% | -28.8 pts |
Every line
| Line | Q3 2026 | Q3 2025 | Change | % |
|---|---|---|---|---|
| Processing and Overdraft Service Fees Net | $169M | $129M | $39.8M | +31% |
| Subscriptions | $17.3M | $9.9M | $7.3M | +74% |
| Service Based Revenue | $186M | $139M | $47.1M | +34% |
| Interchange Revenue Net | $6.4M | $6.1M | $313K | +5% |
| Transaction Based Revenue Other Net | $4.3M | $4.7M | −$340K | -7% |
| Revenue | $198M | $151M | $47.0M | +31% |
| Operating profit | $74.5M | $58.4M | $16.1M | +28% |
| Costs & expenses | $123M | $92.3M | $30.9M | +33% |
| Pre-tax earnings | $74.5M | $58.4M | $16.1M | +28% |
| Net earnings | $63.8M | $92.1M | −$28.3M | -31% |
| Income tax | $10.7M | −$33.6M | $44.4M | — |
| Depreciation & amortization | $1.7M | $1.9M | −$157K | -8% |
| Share-based compensation | $22.0M | $7.2M | $14.8M | +205% |
| Working capital & other | $6.1M | $17.9M | −$11.8M | -66% |
| Operating cash flow | $81.4M | $83.2M | −$1.8M | -2% |
Questions
How much did Dave's revenue grow year over year in Q3 2026?
Dave's revenue rose $47.0M (+31%) from $151M in Q3 2025 to $198M in Q3 2026.
What drove Dave's revenue change in Q3 2026?
Service Based Revenue +$47.1M (+34%); Transaction Based Revenue Other Net −$340K (-7%); Interchange Revenue Net +$313K (+5%).