Dave Inc. raised its 2025 revenue guidance to $505 million to $515 million while reporting an EPS of $3.14, beating estimates significantly. Despite revenue growth of 64.4% year-over-year to $132.7 million and improved EBITDA outlook, shares dropped 22% to about $54. The increase in average 28-day delinquency rates is concerning, moving from 2.03% to 2.4%. Increased competition in the fintech sector poses additional challenges to maintaining valuation.
'Our strong first-half results reinforce our confidence that Dave is firmly on track for another record year. We are once again raising our 2025 Revenue and Adjusted EBITDA outlook.'
'What may be weighing the stock down is an increase in its average 28-day delinquency rate of 2.4%, as compared to 2.03% year over year.'
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