Dave Stock Soars 150% in a Year as Newly Disclosed $7 Million Buy Signals Confidence in Fintech Upstart

2 hours ago 1

Jonathan Ponciano, The Motley Fool

Thu, March 12, 2026 astatine 10:07 AM CDT 4 min read

On February 17, 2026, Findell Capital Management disclosed a bargain of 32,000 shares of Dave (NASDAQ:DAVE) successful the 4th quarter, with the estimated transaction worth astatine $6.88 cardinal based connected the quarterly mean price.

According to a Securities and Exchange Commission (SEC) filing dated February 17, 2026, Findell Capital Management accrued its presumption successful Dave (NASDAQ:DAVE) by 32,000 shares. The estimated transaction worth was $6.88 cardinal based connected the mean unadjusted adjacent for the 4th ended December 31, 2025. Meanwhile, the fund’s quarter-end valuation for its Dave involvement roseate by $7.92 million, a fig that includes some stock purchases and terms movements.

Dave accounts for 4.9% of Findell Capital Management LLC’s reportable equity AUM arsenic of December 31, 2025.
Top holdings aft the filing:
- NASDAQ: LQDA: $98.35 cardinal (32.7% of AUM)
- NASDAQ: ESTA: $82.39 cardinal (27.4% of AUM)
- NASDAQ: ROOT: $16.97 cardinal (5.6% of AUM)
- NASDAQ: DAVE: $15.50 cardinal (4.9% of AUM)
- NYSE: TPB: $13.77 cardinal (4.6% of AUM)
As of Thursday, shares of Dave person surged astir 150% implicit the past twelvemonth to $218.56, acold outperforming the S&P 500’s astir 21% summation successful the aforesaid period.

Metric

Value

Revenue (TTM)	$554.2 million
Net income (TTM)	$195.9 million
Price (as of Thursday)	$218.56

Dave provides integer banking services, including idiosyncratic fiscal absorption tools, overdraft alternatives, and a occupation exertion portal.
The institution operates a technology-driven fiscal level focused connected accessible banking and idiosyncratic concern solutions.
It emphasizes a digital-first strategy to service customers seeking alternatives to accepted banking, with a absorption connected transparency and idiosyncratic empowerment.

Dave leverages its integer level to present a suite of fiscal products aimed astatine users who privation much power and flexibility than accepted banks offer. Its concern exemplary centers connected technology-enabled services that code mundane fiscal needs.

It’s been a unsmooth twelvemonth for galore fintechs, but Dave has managed to subordinate the trend. While the Global X FinTech ETF (which does not number Dave arsenic a holding) has fallen astir 5% implicit the past year, Dave has alternatively skyrocketed 150%. The integer banking level has been scaling rapidly, with gross climbing 60% to $554.2 cardinal successful 2025 portion nett income jumped to $195.9 million. The momentum carried into the 4th quarter, with gross rising 62% twelvemonth implicit twelvemonth to $163.7 million, and adjusted EBITDA climbing 118% to $72.9 million.

Operationally, the institution is besides showing signs of improving economics. Monthly transacting members reached 2.93 million, portion its ExtraCash lending merchandise generated $2.2 cardinal successful originations during the quarter. Plus, lawsuit acquisition costs remained comparatively debased astatine astir $20 per caller member, suggesting the level tin inactive turn efficiently.

Against that backdrop, the presumption present represents astir 4.9% of the fund’s equity portfolio, placing Dave among its larger holdings but inactive good beneath its biggest bets successful Liquidia and Establishment Labs. In different words, that sizing does look to bespeak conviction, though not overconcentration.

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