Dave Inc
Dave Inc. provides various financial products and services through its financial services platform in the United States. It offers Budget, personal financial management tool that helps members anticipate upcoming transactions and receive notifications by utilizing historical bank account data to identify recurring charges; ExtraCash, a form of a discretionary overdraft to bridge liquidity gaps be… Read more
Dave Inc (DAVE) - Net Assets
Latest net assets as of December 2025: $352.70 Million USD
Based on the latest financial reports, Dave Inc (DAVE) has net assets worth $352.70 Million USD as of December 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($487.40 Million) and total liabilities ($134.70 Million). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $352.70 Million |
| % of Total Assets | 72.36% |
| Annual Growth Rate | 36.18% |
| 5-Year Change | 810.57% |
| 10-Year Change | N/A |
| Growth Volatility | 75.77 |
Dave Inc - Net Assets Trend (2019–2025)
This chart illustrates how Dave Inc's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Dave Inc (2019–2025)
The table below shows the annual net assets of Dave Inc from 2019 to 2025.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | $352.73 Million | +92.64% |
| 2024-12-31 | $183.10 Million | +110.31% |
| 2023-12-31 | $87.06 Million | -18.30% |
| 2022-12-31 | $106.56 Million | +175.09% |
| 2021-12-31 | $38.74 Million | -22.28% |
| 2020-12-31 | $49.84 Million | -9.85% |
| 2019-12-31 | $55.29 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Dave Inc's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have grown by 4936500000.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | $43.42 Million | 12.31% |
| Common Stock | $1.00K | 0.00% |
| Other Components | $309.31 Million | 87.69% |
| Total Equity | $352.73 Million | 100.00% |
Dave Inc Competitors by Market Cap
The table below lists competitors of Dave Inc ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Enka Insaat ve Sanayi A.S
OTCGREY:EKIVF
|
$2.10 Billion |
|
Dr Ing hcF Porsche AG
F:P911
|
$2.10 Billion |
|
PT GoTo Gojek Tokopedia Tbk
F:CK8
|
$2.10 Billion |
|
NetScout Systems Inc
NASDAQ:NTCT
|
$2.10 Billion |
|
Hellenic Telec
LSE:0FIZ
|
$2.09 Billion |
|
Hisamitsu Pharmaceutical Co. Inc
F:HPX
|
$2.09 Billion |
|
ComfortDelGro Corporation Limited
STU:VZ1
|
$2.09 Billion |
|
InnoDisk
TWO:5289
|
$2.09 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Dave Inc's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 183,101,000 to 352,727,000, a change of 169,626,000 (92.6%).
- Net income of 195,865,000 contributed positively to equity growth.
- Share repurchases of 43,730,000 reduced equity.
- Other comprehensive income decreased equity by 221,000.
- Other factors increased equity by 17,712,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $195.87 Million | +55.53% |
| Share Repurchases | $43.73 Million | -12.4% |
| Other Comprehensive Income | $-221.00K | -0.06% |
| Other Changes | $17.71 Million | +5.02% |
| Total Change | $- | 92.64% |
Book Value vs Market Value Analysis
This analysis compares Dave Inc's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 8.63x
- The company is trading at a significant premium to its book value, suggesting the market values its earnings potential, brand, or other intangibles highly.
- The price-to-book ratio has decreased from 44.19x to 8.63x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2019-12-31 | $4.76 | $210.19 | x |
| 2020-12-31 | $4.29 | $210.19 | x |
| 2021-12-31 | $3.33 | $210.19 | x |
| 2022-12-31 | $9.03 | $210.19 | x |
| 2023-12-31 | $7.29 | $210.19 | x |
| 2024-12-31 | $13.25 | $210.19 | x |
| 2025-12-31 | $24.36 | $210.19 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Dave Inc utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 55.53%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 38.26%
- • Asset Turnover: 1.05x
- • Equity Multiplier: 1.38x
- Recent ROE (55.53%) is above the historical average (-21.96%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2019 | 1.42% | 1.03% | 1.14x | 1.21x | $-4.74 Million |
| 2020 | -13.96% | -5.71% | 1.59x | 1.53x | $-11.94 Million |
| 2021 | -51.61% | -13.07% | 1.04x | 3.80x | $-23.87 Million |
| 2022 | -120.97% | -62.93% | 0.64x | 3.02x | $-139.56 Million |
| 2023 | -55.73% | -18.73% | 0.88x | 3.38x | $-57.22 Million |
| 2024 | 31.61% | 16.67% | 1.16x | 1.63x | $39.56 Million |
| 2025 | 55.53% | 38.26% | 1.05x | 1.38x | $160.59 Million |
Industry Comparison
This section compares Dave Inc's net assets metrics with peer companies in the Software - Application industry.
Industry Context
- Industry: Software - Application
- Average net assets among peers: $1,558,090,989
- Average return on equity (ROE) among peers: -47.81%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Dave Inc (DAVE) | $352.70 Million | 1.42% | 0.38x | $2.09 Billion |
| Abaxx Technologies Inc (ABXXF) | $42.03 Million | -128.66% | 0.23x | $201.28 Million |
| Acceleware Ltd (ACWRF) | $2.15 Million | -4.58% | 1.86x | $8.62 Million |
| Adobe Systems Incorporated (ADBE) | $6.67 Billion | 12.49% | 0.51x | $104.01 Billion |
| Adcore Inc (ADCOF) | $9.73 Million | -22.96% | 0.49x | $3.03 Million |
| ADEIA CORP (ADEA) | $618.15 Million | -0.05% | 1.00x | $2.50 Billion |
| Automatic Data Processing Inc (ADP) | $6.19 Billion | 22.71% | 4.21x | $84.26 Billion |
| Autodesk Inc (ADSK) | $2.04 Billion | 12.11% | 1.11x | $48.93 Billion |
| Allied Security Innovations Inc (ADSV) | $445.50K | -270.60% | 3.60x | $0.93 |
| AudioEye Inc (AEYE) | $10.59 Million | -98.53% | 1.31x | $49.31 Million |
| Affinity Networks Inc (AFFN) | $-470.19K | 0.00% | 0.00x | $0.97 |