Dave: Steady Member Base And Growing CashAI Keep This Stock A Buy

Dave Inc. remains a buy after a 20% post-earnings pullback, driven by strong earnings growth and durable member expansion. Dave's ExtraCash and CashAI platforms underpin industry-leading margins, with gross margin above 72% and net margin at 35%, supporting robust unit economics. Q2 saw 30% YoY revenue growth, 50% adjusted EBITDA growth, and a 32% YoY jump in new members at just $19 acquisition cost. While Dave's valuation has rerated to a 21x trailing PE, ongoing platform innovation and low acquisition costs support continued outperformance versus its multiple.

Dave Inc. ( DAVE ) had a real solid run from early April until the reporting of their Q2 earnings a few weeks back, moving from roughly $170 per share to $430. Since the report, the stock has scaled back