Dave Inc. (DAVE) intrinsic value & 10-year financials
Dave Inc. (DAVE) has a Graham intrinsic value of $449.41 per share. At $367.40 on Oct 17, 2026, the stock trades 18% below that value. Over the last 6 fiscal years revenue grew 38.0% a year to $554.2M, with an average return on invested capital of -5.9%.
- Graham intrinsic value
- $449.41
- Share price (Oct 17, 2026)
- $367.40
- Price vs Graham value
- 18% below
- Market cap
- $5.3B
- Revenue (FY2025)
- $554.2M
- Revenue growth (6-yr CAGR)
- 38.0%
- ROIC (10-yr avg)
- -5.9%
- Free cash flow (FY2025)
- $289.7M
DAVE 10-year financial history
| Fiscal year | Revenue | Net income | EPS (diluted) | Free cash flow | Operating margin | ROIC |
|---|---|---|---|---|---|---|
| FY2025 | $554.2M | $195.9M | $13.53 | $289.7M | — | 81.5% |
| FY2024 | $347.1M | $57.9M | $4.19 | $124.9M | — | 35.1% |
| FY2023 | $259.1M | -$48.5M | -$4.07 | $33.1M | — | -34.6% |
| FY2022 | $204.8M | -$128.9M | -$11.12 | -$45.6M | — | -173.2% |
| FY2021 | $153.0M | -$20.0M | -$4.69 | -$912.0K | -4.2% | 61.6% |
| FY2020 | — | — | — | — | — | — |
Source: annual 10-K filings on SEC EDGAR. Figures in USD.
Executive summary
Dave Inc./DE revenue growth over the past decade is N/A; insufficient history prevents a reliable 10-year CAGR calculation.
Dave Inc./DE has earned high returns on invested capital, averaging 28.4% ROIC over the available history. High ROIC is consistent with a durable franchise, but it is not by itself proof of an economic moat.
Dave Inc./DE capital allocation metrics are N/A for the decade; share count and net debt history are incomplete.
Benjamin Graham lens
Under Benjamin Graham's formula using SEC EDGAR fundamentals, Dave Inc./DE is modeled at 15.0% normalized earnings growth with a 5.1% bond-yield adjustment. The resulting Graham intrinsic value estimate is $449.41 per share.