Dave Inc. (DAVE) Financial Ratios
7 years of historical data (2019–2025) · Technology · Software - Application
EV/EBITDA
↑
87.72
↑+84% vs avg
5yr avg: 47.76
30Y Low29.0·High66.5
P/FCF
↑
14.59
↑+77% vs avg
5yr avg: 8.22
30Y Low4.0·High11.1
P/B Ratio
↓
12.91
↓-44% vs avg
5yr avg: 23.25
30Y Low1.0·High98.4
ROE
↑
73.1%
↓+333% vs avg
5yr avg: -31.3%
30Y Low-177%·High73%
Debt/EBITDA
↓
1.56
↓-7% vs avg
5yr avg: 1.67
30Y Low1.0·High1.8
Percentile shows where the current value sits in 30-year historical distribution. Sparklines show 5-year trend.
DAVE Valuation Multiples
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
Dave Inc. trades at 23.2x earnings, 25% above its 5-year average of 18.6x, sitting at the 100th percentile of its historical range. Compared to the Technology sector median P/E of 29.0x, the stock trades at a discount of 20%. On a free-cash-flow basis, the stock trades at 14.6x P/FCF, 77% above the 5-year average of 8.2x.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|---|---|---|
| Market Cap | $4.2B | $3.2B | $1.2B | $100M | $109M | $3.8B | — | — |
| Enterprise Value | $4.2B | $3.2B | $1.2B | $240M | $265M | $3.9B | — | — |
| P/E Ratio → | 23.24 | 16.36 | 20.74 | — | — | — | — | — |
| P/S Ratio | 8.26 | 6.26 | 3.46 | 0.39 | 0.53 | 24.92 | — | — |
| P/B Ratio | 12.91 | 9.09 | 6.56 | 1.15 | 1.03 | 98.43 | — | — |
| P/FCF | 14.59 | 11.07 | 9.62 | 3.98 | — | — | — | — |
| P/OCF | 14.57 | 11.05 | 9.60 | 2.97 | — | — | — | — |
P/E links to full P/E history page with 30-year chart
DAVE EV Ratios
Enterprise-value multiples — capital-structure-neutral measures of total business value
Dave Inc.'s enterprise value stands at 87.7x EBITDA, 84% above its 5-year average of 47.8x. The Technology sector median is 16.7x, placing the stock at a 424% premium on an enterprise-value basis.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|---|---|---|
| EV / Revenue | — | 6.25 | 3.54 | 0.93 | 1.29 | 25.19 | — | — |
| EV / EBITDA | 87.72 | 66.51 | 29.02 | — | — | — | — | — |
| EV / EBIT | 102.98 | 18.28 | 17.96 | — | — | — | — | — |
| EV / FCF | — | 11.05 | 9.83 | 9.52 | — | — | — | — |
DAVE Profitability
Margins and return-on-capital ratios measuring operating efficiency
Dave Inc. earns an operating margin of 8.0%. Operating margins have expanded from -16.3% to 8.0% over the past 3 years, signaling improving operational efficiency. Return on equity of 73.1% is exceptionally high. ROIC of 11.1% represents solid returns on invested capital.
Margins
Full margin charts and quarterly trend are on the Earnings History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | 79.8% | 79.8% | 91.2% | 88.8% | 84.4% | 84.7% | 82.2% | 80.0% |
| Operating Margin | 8.0% | 8.0% | 10.0% | -16.3% | -65.6% | -4.2% | — | 2.3% |
| Net Profit Margin | 38.3% | 38.3% | 16.7% | -18.7% | -62.9% | -13.1% | -5.7% | 1.0% |
Return on Capital
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|---|---|---|
| ROE | 73.1% | 73.1% | 42.8% | -50.1% | -177.4% | -45.1% | -13.2% | 1.4% |
| ROA | 49.8% | 49.8% | 19.5% | -15.8% | -55.0% | -17.9% | -9.7% | 1.2% |
| ROIC | 11.1% | 11.1% | 11.9% | -13.0% | -58.9% | -7.3% | — | 2.6% |
| ROCE | 12.9% | 12.9% | 13.0% | -15.2% | -73.9% | -9.8% | — | 3.1% |
DAVE Leverage & Debt
Solvency and debt-coverage ratios — lower is generally safer
Dave Inc. carries a Debt/EBITDA ratio of 1.6x, which is manageable (47% below the sector average of 2.9x). The company holds a net cash position — cash of $81M exceeds total debt of $75M, providing substantial financial flexibility for buybacks, acquisitions, or weathering downturns. Interest coverage of 24.9x signals virtually no risk of debt distress — earnings comfortably cover interest obligations.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 0.21 | 0.21 | 0.41 | 2.08 | 1.67 | 1.90 | 0.12 | 0.05 |
| Debt / EBITDA | 1.56 | 1.56 | 1.79 | — | — | — | — | 0.99 |
| Net Debt / Equity | — | -0.02 | 0.14 | 1.60 | 1.46 | 1.07 | 0.03 | -0.07 |
| Net Debt / EBITDA | -0.11 | -0.11 | 0.61 | — | — | — | — | -1.49 |
| Debt / FCF | — | -0.02 | 0.21 | 5.54 | — | — | — | — |
| Interest Coverage | 24.86 | 24.86 | 8.55 | -3.11 | -13.02 | -6.82 | -399.71 | 2.56 |
Net cash position: cash ($81M) exceeds total debt ($75M)
DAVE Liquidity & Efficiency
Short-term solvency ratios and asset-utilisation metrics
Dave Inc.'s current ratio of 3.83x is well above the 1.0 safety threshold, indicating strong short-term liquidity with ample room to cover current liabilities. The current ratio has declined from 10.81x to 3.83x over the past 3 years.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|---|---|---|
| Current Ratio | 3.83 | 3.83 | 8.05 | 10.81 | 8.47 | 1.46 | 2.87 | 6.50 |
| Quick Ratio | 3.83 | 3.83 | 8.05 | 10.81 | 8.47 | 1.46 | 2.87 | 6.50 |
| Cash Ratio | 0.71 | 0.71 | 2.58 | 6.09 | 5.27 | 0.59 | 0.93 | 3.31 |
| Asset Turnover | — | 1.05 | 1.16 | 0.88 | 0.64 | 1.04 | 1.59 | 1.14 |
| Inventory Turnover | — | — | — | — | — | — | — | — |
| Days Sales Outstanding | — | — | 184.94 | 158.97 | 185.64 | 116.92 | 116.11 | 139.06 |
DAVE Shareholder Yields
Earnings, FCF, buyback, and dividend yields — total returns to shareholders
Dave Inc. returns 1.0% to shareholders annually primarily through share buybacks. The earnings yield of 4.3% (inverse of P/E) provides a useful comparison to bond yields when assessing the stock's relative attractiveness to fixed income.
Dividends
Full dividend history and growth charts are on the Dividend History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|---|---|---|
| Dividend Yield | — | — | — | — | — | — | — | — |
| Payout Ratio | — | — | — | — | — | — | — | — |
Total Shareholder Return Metrics
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|---|---|---|
| Earnings Yield | 4.3% | 6.1% | 4.8% | — | — | — | — | — |
| FCF Yield | 6.9% | 9.0% | 10.4% | 25.1% | — | — | — | — |
| Buyback Yield | 1.0% | 1.4% | 0.0% | 0.0% | 0.5% | 0.0% | — | — |
| Total Shareholder Yield | 1.0% | 1.4% | 0.0% | 0.0% | 0.5% | 0.0% | — | — |
| Shares Outstanding | — | $14M | $14M | $12M | $12M | $12M | $12M | $12M |
Peer Comparison
Compare DAVE with 10 similar companies in its peer group
| Company | Market Cap | P/E | EV/EBITDA | P/FCF | Gross Margin | Op Margin | ROE | ROIC | Debt/EBITDA |
|---|---|---|---|---|---|---|---|---|---|
 DAVEYou | $4B | 23.2 | 87.7 | 14.6 | 79.8% | 8.0% | 73.1% | 11.1% | 1.6 |
 MOGO | $22M | -2.3 | 22.9 | — | 65.6% | -5.2% | -15.6% | -1.7% | 18.2 |
 ENVA | $5B | 17.5 | 12.2 | 2.9 | 50.1% | 23.5% | 24.3% | 10.4% | 5.8 |
 OMF | $7B | 8.9 | 22.2 | 2.2 | 47.6% | 16.0% | 23.8% | 3.0% | 17.6 |
 AFRM | $25B | 492.8 | 225.8 | 40.9 | 67.5% | -2.7% | 1.8% | -0.7% | 57.0 |
 UPST | $3B | 72.1 | 54.3 | — | 95.2% | 5.1% | 7.5% | 1.7% | 23.4 |
 LDI | $392M | -3.9 | 22.2 | — | 88.3% | 13.2% | -14.0% | 2.7% | 22.0 |
 OPFI | $727M | 8.5 | 5.1 | 1.9 | 95.1% | 32.4% | 9.7% | 26.4% | 1.7 |
 PRAA | $570M | -1.9 | 1.2 | — | 99.2% | 33.9% | -27.3% | 11.2% | 0.1 |
 ATLC | $2B | 16.8 | 43.8 | 2.4 | 56.3% | 22.7% | 22.4% | 2.4% | 38.6 |
 V | $628B | 32.1 | 25.1 | 29.1 | 80.4% | 60.0% | 52.1% | 29.2% | 1.0 |
| Technology Median | — | 29.0 | 16.7 | 19.2 | 48.8% | 0.2% | 1.6% | 2.7% | 2.9 |
Peer selection based on competitive and market overlap. Compare multiple stocks →
Download Financial Ratios Data
Includes 30+ ratios · 7 years · Updated daily
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DAVE — Frequently Asked Questions
Quick answers to the most common questions about buying DAVE stock.
What is Dave Inc.'s P/E ratio?
Dave Inc.'s current P/E ratio is 23.2x. The historical average is 18.6x. This places it at the 100th percentile of its historical range.
What is Dave Inc.'s EV/EBITDA?
Dave Inc.'s current EV/EBITDA is 87.7x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 47.8x.
What is Dave Inc.'s ROE?
Dave Inc.'s return on equity (ROE) is 73.1%. This is above the typical threshold of 15-20% considered good for most companies. The historical average is -24.1%.
Is DAVE stock overvalued?
Based on historical data, Dave Inc. is trading at a P/E of 23.2x. This is at the 100th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
What are Dave Inc.'s profit margins?
Dave Inc. has 79.8% gross margin and 8.0% operating margin.
How much debt does Dave Inc. have?
Dave Inc.'s Debt/EBITDA ratio is 1.6x, indicating moderate leverage. A ratio below 2x is generally considered financially healthy.