Why Dave Stock Jumped Today

Core Insights - Dave's stock price increased by over 16% following the announcement of preliminary financial results for Q4, indicating strong market reaction to the news [1] - The company reported a 62% increase in net operating revenues, reaching $164 million for the fourth quarter, and an expected 118% rise in EBITDA to $73 million [1][2] - For the full year 2025, management anticipates net operating revenues of $554 million and adjusted EBITDA of $227 million, reflecting growth rates of 60% and 162% respectively [3] Group 1: Financial Performance - Q4 marked the third consecutive quarter of over 60% revenue growth, driven by increased monthly transacting member growth and expansion in average revenue per user (ARPU) [2] - The operating leverage in the company's model strengthened throughout 2025, with full-year adjusted EBITDA growing over 160%, nearly three times the revenue growth rate [4] Group 2: Future Outlook - Dave's upcoming earnings call on March 2 is expected to provide further details on growth initiatives and finalized Q4 results [5] - The company has revised its revenue and EBITDA forecasts upward from previous estimates, indicating a positive outlook for future performance [3]