Dave (DAVE) Gross Margin (2021 - 2026)
Dave (DAVE) reported Gross Margin of 93.97% for Q1 2026, up 44.0% on a YoY basis from 65.25% in Q1 2025, and little changed sequentially from 94.06% in Q4 2025.
Dave (DAVE) Gross Margin (2021 - 2026) Analysis & Trends
Dave (DAVE) has 6 years of Gross Margin data on file, last reported at 93.97% in Q1 2026.
- For the quarter ending Q1 2026, Gross Margin rose 44.0% year-over-year to 93.97%; the trailing twelve-month figure through Mar 2026 stood at 93.92% (up 281.0% YoY), and the FY2025 full-year result was 93.96%, up 242.0% from the prior year.
- Gross Margin steadied at 93.97% in Q1 2026, from 94.06% in the prior quarter.
- In the past five years, Gross Margin ranged from a high of 95.29% in Q2 2025 to a low of 61.92% in Q2 2022.
- A 5-year average of 84.27% and a median of 89.27% in 2023 frame the typical range for Gross Margin.
- Across the five-year window, Gross Margin plunged 3466 bps in 2022 and soared 2343 bps in 2024, its largest moves.
- Tracing DAVE's Gross Margin over 5 years: stood at 86.06% in 2022, then advanced by 6 bps to 90.82% in 2023, then increased by 4 bps to 94.04% in 2024, then climbed by 0 bps to 94.06% in 2025, then decreased by 0 bps to 93.97% in 2026.
- Business Quant data shows DAVE's Gross Margin at 93.97% in Q1 2026, 94.06% in Q4 2025, and 92.53% in Q3 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Sap Se | 208.91 Bn | 189.27 Bn | 8.16 Bn | 72.98% |
| 2 | Full Truck Alliance | 188.77 Bn | 186.13 Bn | - | - |
| 3 | Shopify | 145.98 Bn | 140.23 Bn | 1.55 Bn | 48.77% |
| 4 | Uber Technologies | 141.48 Bn | 140.44 Bn | 5.95 Bn | 45.03% |
| 5 | Salesforce | 128.51 Bn | 116.67 Bn | 8.56 Bn | 76.92% |
| 6 | ServiceNow | 98.38 Bn | 93.20 Bn | 2.82 Bn | 70.68% |
| 7 | Automatic Data Processing | 97.56 Bn | 94.34 Bn | 2.87 Bn | 48.28% |
| 8 | Snowflake | 91.55 Bn | 88.59 Bn | 926.45 Mn | 66.61% |
| 9 | Cadence Design Systems | 89.91 Bn | 88.50 Bn | 1.41 Bn | 95.85% |
| 10 | Dave | 5.49 Bn | 5.31 Bn | 148.85 Mn | 93.97% |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 93.97% |
| Dec 31, 2025 | 94.06% |
| Sep 30, 2025 | 92.53% |
| Jun 30, 2025 | 95.29% |
| Mar 31, 2025 | 93.53% |
| Dec 31, 2024 | 94.04% |
| Sep 30, 2024 | 85.50% |
| Jun 30, 2024 | 90.64% |
| Mar 31, 2024 | 77.03% |
| Dec 31, 2023 | 90.82% |
| Sep 30, 2023 | 89.27% |
| Jun 30, 2023 | 67.21% |
| Mar 31, 2023 | 68.60% |
| Dec 31, 2022 | 86.06% |
| Sep 30, 2022 | 67.44% |
| Jun 30, 2022 | 61.92% |
| Mar 31, 2022 | 84.62% |
| Dec 31, 2021 | 120.72% |
| Sep 30, 2021 | 73.82% |
| Jun 30, 2021 | 76.13% |