Dave (DAVE) Operating Expenses (2021 - 2026)
Dave's (DAVE) quarterly Operating Expenses came in at $118.6 million in Q2 2026, up 30.74% year-over-year from $90.7 million in Q2 2025, and up 19.93% quarter-over-quarter from $98.8 million in Q1 2026.
Analysis
Dave (DAVE) Operating Expenses (2021 - 2026) Analysis & Trends
Dave has disclosed Operating Expenses across 6 years of filings, most recently posting $118.6 million for Q2 2026.
- In Q2 2026, Operating Expenses rose 30.74% year-over-year to $118.6 million; the TTM figure through Jun 2026 stood at $421.5 million (up 26.45% YoY), while the FY2025 annual figure was $367.6 million, up 17.63% from the prior year.
- Operating Expenses came in at $118.6 million for Q2 2026 at Dave, up from $98.8 million in the prior quarter.
- In the past five years, Operating Expenses ranged from a high of $118.6 million in Q2 2026 to a low of $65.2 million in Q1 2022.
- Average Operating Expenses over 5 years is $85.4 million, with a median of $81.3 million recorded in 2022.
- Year-over-year, Operating Expenses jumped 127.17% in 2022 and declined 19.36% in 2023.
- Over 5 years, Operating Expenses stood at $80.5 million in 2022, then fell by 11.33% to $71.3 million in 2023, then gained by 11.92% to $79.8 million in 2024, then grew by 24.27% to $99.2 million in 2025, then gained by 19.48% to $118.6 million in 2026.
- Per Business Quant data, the three most recent Operating Expenses figures were $118.6 million in Q2 2026, $98.8 million in Q1 2026, and $99.2 million in Q4 2025.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Chime Financial | 12.78 Bn | 11.72 Bn | 594.87 Mn | 573.55 Mn |
| 2 | Jack Henry & Associates | 11.61 Bn | 11.60 Bn | 273.85 Mn | 507.25 Mn |
| 3 | Dave | 4.36 Bn | 4.10 Bn | 159.27 Mn | 118.55 Mn |
| 4 | Q2 Holdings | 3.87 Bn | 3.77 Bn | 130.20 Mn | 100.86 Mn |
| 5 | nCino | 2.43 Bn | 2.36 Bn | 100.77 Mn | 87.16 Mn |
| 6 | Alkami Technology | 2.11 Bn | 2.02 Bn | 73.81 Mn | 81.52 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 118.55 Mn |
| Mar 31, 2026 | 98.85 Mn |
| Dec 31, 2025 | 99.23 Mn |
| Sep 30, 2025 | 104.83 Mn |
| Jun 30, 2025 | 90.68 Mn |
| Mar 31, 2025 | 72.83 Mn |
| Dec 31, 2024 | 79.85 Mn |
| Sep 30, 2024 | 89.94 Mn |
| Jun 30, 2024 | 74.45 Mn |
| Mar 31, 2024 | 68.23 Mn |
| Dec 31, 2023 | 71.35 Mn |
| Sep 30, 2023 | 76.39 Mn |
| Jun 30, 2023 | 82.15 Mn |
| Mar 31, 2023 | 71.41 Mn |
| Dec 31, 2022 | 80.46 Mn |
| Sep 30, 2022 | 94.73 Mn |
| Jun 30, 2022 | 98.82 Mn |
| Mar 31, 2022 | 65.22 Mn |
| Dec 31, 2021 | 55.76 Mn |
| Sep 30, 2021 | 55.87 Mn |