Dave Posts 62% Q4 Revenue Gain; CashAI v5.5 Powers 50% Origination Boost
Dave's Q4 revenue rose 62% YoY as CashAI v5.5 drove ExtraCash originations 50% higher. Management plans to roll out CashAI v6.0, expand AI across operations and launch Pay In Four, while Zacks ranks Dave at 2 (Buy) with 6.8% 2026 EPS growth.
1. Q4 Financial Results
During the fourth quarter, Dave achieved 62% year-over-year revenue growth, expanded non-GAAP gross margin to 74%, grew monthly transacting members 19% to 2.9 million and lifted average revenue per user by 36%.
2. AI-Driven Underwriting Platform
The fully deployed CashAI v5.5 underwriting engine boosted ExtraCash originations by 50% and lowered the 28-day past-due rate to 1.89%, marking the third consecutive quarter of significant loss-rate improvements.
3. Product Roadmap and AI Expansion
Leadership is developing CashAI v6.0 with new performance-optimizing features, plans to embed AI across fraud prevention, support, marketing and code generation, and to launch a Pay In Four short-term credit product later this year.
4. Analyst Ratings and Projections
Dave holds a Zacks Rank of 2 (Buy) with expected EPS growth of 6.8% in 2026 and 24.4% in 2027, backed by an average earnings surprise of 54.2% over the past four quarters.