Dave Inc. has enhanced its credit infrastructure by adding AI-powered features to its ExtraCash platform, contributing to significant subscriber growth and top-line revenue increases. The improvements include the implementation of Cash AI v5.5, which optimizes underwriting models, leading to a 12% sequential improvement in the company’s 28-day past due rate to 1.89% by Q4 2025, outperforming its guidance of below 2.1%.
The ExtraCash service allows eligible clients to borrow between $25 and $500 without credit checks, interest, or late fees. The company reported a year-over-year growth of 17% in Solo card spending, totaling $534 million in Q4 2025. Dave, which has seen its stock price rise by 95% over the past year, currently trades at a 12-month forward price-to-earnings ratio of 11.77X, higher than competitor TTEC Holdings at 2.08X, but lower than the industry average of 22.47X.
Following its enhancements and performance, Dave maintains a Zacks Rank #1 (Strong Buy) and anticipates a 3.5% increase in earnings estimates for 2026 and 2027.
