🎉 M&A multiples are live!
Check it out!

Dave Valuation Multiples

Discover revenue and EBITDA valuation multiples for Dave and similar public comparables like NAGA Group, One97 Communications, and Fino Payments Bank.

Dave Overview

About Dave

Dave Inc is a financial services company. It is engaged in offering banking app that offers its customers banking, financial insights, overdraft protection, building credit, and finding side gigs.


Founded

2015

HQ

United States of America
Employees

274

Website

dave.com

Financials

LTM Revenue $363M

LTM EBITDA $91.6M

EV

$1.1B

Valuation Multiples

Multiples.vc

Sign up to see

Valuation Multiples for 10K+ Public Comps

Benchmark forward-looking revenue and EBITDA valuation multiples across generative AI, climate tech, semiconductors, online marketplaces, vertical SaaS and 220 more verticals.

Dave Financials

Dave has a last 12-month revenue of $363M and a last 12-month EBITDA of $91.6M.

In the most recent fiscal year, Dave achieved revenue of $347M and an EBITDA of $76.0M.

Dave expects next 12-month revenue of  XXX    and NTM EBITDA of  XXX

See Dave valuation multiples based on analyst estimates

Dave P&L

FY 2023 FY 2024 FY 2025 LTM NTM
Revenue $259M $347M XXX XXX XXX
Gross Profit $173M $230M XXX XXX XXX
Gross Margin 67% 66% XXX XXX XXX
EBITDA -$31.1M $76.0M XXX XXX XXX
EBITDA Margin -12% 22% XXX XXX XXX
Net Profit -$129M -$48.5M XXX XXX XXX
Net Margin -50% -14% XXX XXX XXX
Net Debt $154M $139M XXX XXX XXX

Financial data powered by Morningstar, Inc.

Dave Stock Performance

As of March 19, 2025, Dave's stock price is $83.

Dave has current market cap of $1.1B, and EV of $1.1B.

See Dave trading valuation data

Dave Stock Data

EV Market Cap Price 1D Price 1M Price 3M Price 12M EPS
$1.1B $1.1B XXX XXX XXX XXX $3.99

Benchmark Trading Valuation Multiples by Industry

Sign up to access valuation multiples like growth-adjusted P/E, next 12-month EV/Revenue, EBITDA multiples by industry and many more

Sign Up

Dave Valuation Multiples

As of March 19, 2025, Dave has market cap of $1.1B and EV of $1.1B.

Dave's trades at 3.0x LTM EV/Revenue multiple, and 11.8x LTM EBITDA.

Analysts estimate Dave's 2025E EV/Revenue multiple at  XXX and 2025E EV/EBITDA multiple at  XXX

See valuation multiples for Dave and 10K+ public comps

Dave Financial Valuation Multiples

FY 2024 FY 2025E FY 2026E FY 2027E
EV $1.1B XXX XXX XXX
EV/Revenue 3.1x XXX XXX XXX
EV/EBITDA 14.2x XXX XXX XXX
P/E 18.9x XXX XXX XXX
P/E/Growth 1.4x XXX XXX XXX
EV/FCF 9.2x XXX XXX XXX

Valuation data powered by FactSet, Inc. and Morningstar, Inc.

Get Dave Valuation Multiples

Access all public comps and forward-looking valuation multiples like EV/Revenue in 2025, based on equity research analyst estimates.

Sign Up

Dave Valuation Multiples

Dave's NTM/LTM revenue growth is 21%

Dave's revenue per employee for the last fiscal year averaged $1.3M, while opex per employee averaged $1.0M for the same period.

Over next 12 months, Dave's ratio of sales and marketing spend to revenue is estimated to be  XXX , while its R&D spend to revenue to be  XXX .

Analysts estimate Dave's 2025E EV/Revenue multiple at  XXX and 2025E EV/EBITDA multiple at  XXX

See operational valuation multiples for Dave and other 10K+ public comps

Dave Operational Valuation Multiples

FY 2024 NTM FY 2025E FY 2026E FY 2027E
Revenue Growth 34% XXX XXX XXX XXX
EBITDA Margin 22% XXX XXX XXX XXX
EBITDA Growth -345% XXX XXX XXX XXX
Rule of 40 (SaaS-only) 43% XXX XXX XXX XXX
Revenue per Employee $1.3M XXX XXX XXX XXX
Opex per Employee $1.0M XXX XXX XXX XXX
S&M Expenses to Revenue 13% XXX XXX XXX XXX
G&A Expenses to Revenue 31% XXX XXX XXX XXX
R&D Expenses to Revenue n/a XXX XXX XXX XXX
Opex to Revenue 81% XXX XXX XXX XXX

Valuation data powered by FactSet, Inc. and Morningstar, Inc.

Valuation Multiples Across 220+ Verticals

Benchmark public comps and private revenue and EBITDA valuation multiples across GRC software, cloud infrastructure, DevOps, online marketplaces and so much more!

Digital Therapeutics
Pharma Analytics
Private Equity
ERP Software
Developer Tools
Consumer SaaS
Streaming Platforms

Dave Public Comps

See public comps and valuation multiples for Neobanking comps
EV/Revenue EV/EBITDA
2025E 2026E 2027E 2025E 2026E 2027E
BMTX XXX XXX XXX XXX XXX XXX
Change Financial XXX XXX XXX XXX XXX XXX
Fino Payments Bank XXX XXX XXX XXX XXX XXX
One97 Communications XXX XXX XXX XXX XXX XXX
NAGA Group XXX XXX XXX XXX XXX XXX
XXXXXXXX XXX XXX XXX XXX XXX XXX
XXXXXXXX XXX XXX XXX XXX XXX XXX

Valuation data powered by FactSet, Inc.

Dave M&A and Investment Activity

Dave acquired  XXX companies to date.

Last acquisition by Dave was  XXXXXXXX, XXXXX XXXXX XXXXXX . Dave acquired  XXXXXXXX for  XXX (EV/Revenue multiple of  XXX ).

See M&A valuation multiples

Latest Acquisitions by Dave

Acquired Company EV EV/Revenue EV/EBITDA
XXXXXXXXX XXX XXX XXX
XXXXXXXXX XXX XXX XXX
XXXXXXXXX XXX XXX XXX
XXXXXXXXX XXX XXX XXX
XXXXXXXXX XXX XXX XXX

Get Verified M&A Valuation Multiples

Sign up to see revenue and EBITDA valuation multiples for 60K+ M&A deals.

Sign Up

About Dave

When was Dave founded? Dave was founded in 2015.
Where is Dave headquartered? Dave is headquartered in United States of America.
How many employees does Dave have? As of today, Dave has 274 employees.
Who is the CEO of Dave? Dave's CEO is Mr. Jason Wilk.
Is Dave publicy listed? Yes, Dave is a public company listed on NAS.
What is the stock symbol of Dave? Dave trades under DAVE ticker.
When did Dave go public? Dave went public in 2022.
Who are competitors of Dave? Similar companies to Dave include e.g. BMTX, Change Financial, Fino Payments Bank, One97 Communications.
What is the current market cap of Dave? Dave's current market cap is $1.1B
What is the current revenue of Dave? Dave's last 12-month revenue is $363M.
What is the current EBITDA of Dave? Dave's last 12-month EBITDA is $91.6M.
What is the current EV/Revenue multiple of Dave? Current revenue multiple of Dave is 3.0x.
What is the current EV/EBITDA multiple of Dave? Current EBITDA multiple of Dave is 11.8x.
What is the current revenue growth of Dave? Dave revenue growth between 2023 and 2024 was 34%.
Is Dave profitable? Yes, Dave is EBITDA-positive (as of the last 12 months).

Join Now Or Talk To Us

Get access to always up-to-date, precisely categorized 70K+ public and private valuation multiples, across tech and beyond.