Filing Flows › Dave (DAVE) › How it makes money
How Dave (DAVE) makes money
Dave (DAVE) made $197M of revenue in the third quarter 2026 (Q3 2026), +31% from a year earlier. Service Based Revenue brought in $186M (95%); Interchange Revenue Net brought in $6.4M (3%); Transaction Based Revenue Other Net brought in $4.3M (2%). Of every dollar of revenue, 38¢ was left as operating profit, 32¢ was left as net earnings.
Drawing the Sankey…
Revenue by segment, Q3 2026
| Segment | Revenue | Share | Q/Q | Y/Y |
|---|---|---|---|---|
| Service Based Revenue | $186M | 94.5% | +16% | +34% |
| ↳ Processing and Overdraft Service Fees Net | $169M | 85.8% | +17% | +31% |
| ↳ Subscriptions | $17.3M | 8.8% | +15% | +74% |
| Interchange Revenue Net | $6.4M | 3.3% | +7% | +5% |
| Transaction Based Revenue Other Net | $4.3M | 2.2% | +6% | -7% |
Where each dollar of revenue goes
| Line | Q3 2026 | % of revenue |
|---|---|---|
| Revenue | $197M | 100.0% |
| Operating profit | $74.5M | 37.8% |
| Income tax | $10.7M | 5.4% |
| Net earnings | $63.8M | 32.4% |
| Operating cash flow | $81.4M | 41.3% |
Revenue, quarter by quarter
| Quarter | Revenue | Y/Y |
|---|---|---|
| Q3 2026 | $198M | +31% |
| Q2 2026 | $171M | +30% |
| Q1 2026 | $158M | +47% |
| Q4 2025 | $164M | +62% |
| Q3 2025 | $151M | +63% |
| Q2 2025 | $132M | +64% |
| Q1 2025 | $108M | +47% |
From Dave's 10-Q filed Nov 4, 2026 (on EDGAR).
Questions
How does Dave make money?
Dave (DAVE) made $197M of revenue in the third quarter 2026 (Q3 2026), +31% from a year earlier. Service Based Revenue brought in $186M (95%); Interchange Revenue Net brought in $6.4M (3%); Transaction Based Revenue Other Net brought in $4.3M (2%). Of every dollar of revenue, 38¢ was left as operating profit, 32¢ was left as net earnings.
What is Dave's biggest business?
Service Based Revenue: $186M in the third quarter 2026, 95% of revenue, +34% from a year earlier.
What is Dave's profit margin?
Net earnings were $63.8M, 32.4% of revenue, in the third quarter 2026; the operating margin was 37.8%.
Updated Nov 8, 2026. Read automatically from SEC filings and public data; errors are possible. Not investment advice.