What Happened?
Shares of digital banking platform Dave (NASDAQ: DAVE) jumped 6.9% in the afternoon session after the stock's positive momentum continued as the company delivered impressive third-quarter earnings and lifted its outlook for 2025. The financial technology company reported that both its revenue and net income jumped significantly compared to the previous year. In addition to the strong quarterly performance, management signaled greater confidence in the future by raising its full-year 2025 forecast. The combination of solid current results and an improved outlook clearly energized investors, leading to the stock's rise.
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What Is The Market Telling Us
Dave’s shares are extremely volatile and have had 73 moves greater than 5% over the last year. In that context, today’s move indicates the market considers this news meaningful but not something that would fundamentally change its perception of the business.
The previous big move we wrote about was 6 days ago when the stock gained 0.1% on the news that the company reported strong third-quarter 2025 financial results that surpassed expectations and provided an upbeat full-year outlook. Dave announced revenue of $150.8 million, a 63% increase from the same period in the previous year, which surpassed analysts' forecasts by 13%. The company's non-GAAP earnings of $4.24 per share were 81% above consensus estimates. Following the strong quarter, Dave provided an upbeat full-year revenue forecast, with the midpoint of its guidance coming in 6.5% above analysts' projections.
Dave is up 188% since the beginning of the year, but at $248.84 per share, it is still trading 11.7% below its 52-week high of $281.79 from July 2025. Investors who bought $1,000 worth of Dave’s shares at the IPO in April 2021 would now be looking at an investment worth $793.51.
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