Filing Flows › Dave (DAVE) › Q3 2026
Dave (DAVE) Q3 2026 earnings results (third quarter 2026)
10-Q filed Nov 4, 2026
Dave (DAVE) reported revenue of $198M for the third quarter 2026 (Q3 2026), +31% from a year earlier and +16% from the quarter before. Operating margin was 37.7%, net earnings $63.8M (32.3% of revenue).
Dave, Q3 2026: revenue $198M (+31% year over year), operating margin 37.7%, net earnings $63.8M, operating cash flow $81.4M. The chart follows the revenue to costs, profit and cash.
| Q3 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $198M | +16% | +31% |
| Operating profit | $74.5M | +408% | +28% |
| Net earnings | $63.8M | +854% | -31% |
| Operating cash flow | $81.4M | +19% | -2% |
What changed
Revenue was $197.7M in Q3 2026, up 31% year over year and up 16% 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 $39.8M year over year (up 31%), 85% of the total change. Transaction Based Revenue Other Net declined 7%.
Operating profit was $74.5M, a 37.7% margin (down 1.1 points year over year). Of the extra revenue versus Q3 2025, 34% reached operating profit, below the 39% margin then. Total costs grew 33% against revenue growth of 31%. Net earnings were $63.8M, down 31% year over year. The effective tax rate was 14.4%.
Operating cash flow was $81.4M (down 2% year over year), 128% of net earnings. Non-cash charges added back $1.7M of depreciation and amortization and $22.0M of share-based compensation. Working capital and other items used $6.1M. Capital expenditures of −$44K left free cash flow of $81.4M.
Questions
What was Dave's revenue in the third quarter 2026?
Dave (DAVE) reported revenue of $198M for the third quarter 2026 (Q3 2026), +31% from a year earlier and +16% from the quarter before.
Was Dave profitable in the third quarter 2026?
Operating profit was $74.5M (37.7% of revenue) and net earnings $63.8M.
Source: Dave 10-Q on SEC EDGAR.