Dave Inc. (DAVE) and Sezzle Inc. (SEZL) have reported strong financial performances in Q1 2026. Dave saw a 47% year-over-year increase in revenue, growing its customer base to 695,000 with an 18% increase in monthly transacting members. The company’s adjusted EBITDA surged by 57%, while the past-due rate reached a record low of 1.69%. Dave ended the quarter with $176 million in cash and a current ratio of 3.86, surpassing the industry average of 1.57.
Meanwhile, Sezzle recorded a gross merchandise volume (GMV) growth of 37.3% year-over-year, resulting in a 29.2% increase in revenue. The company reported significant customer engagement, with average purchase frequency rising to 7.1 times per month. As of March 31, 2026, Sezzle held $125 million in cash, with no current debt, and a current ratio of 3.65.
The Zacks Consensus Estimates project revenues for Dave to be $713.7 million in 2026, suggesting a 28.8% year-over-year rise, while Sezzle’s estimated sales stand at $592.6 million, indicating a 31.6% increase. Comparatively, Dave trades at a forward P/E ratio of 13.41, below Sezzle’s 18.46, marking it as the more undervalued option for investors.
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