Financial Analysis
Filing-based analysis. Market pricing is not included. Fundamentals from SEC filings; economic data from FRED and the BLS. About our data
Filing evidence summary
Mixed evidenceCoverage 5/5 core metricsFlagged areas: Dilution.
Backward-looking filed evidence under visible rules - not a rating, forecast or investment advice. Missing data is never scored.
Evidence signals
- 1 filing risk check flagged
Flagged areas: Dilution.
Why this surfaced
The full financial analysis shows each value, threshold, and sector limitation.
- Revenue expanded
Latest reported annual revenue changed +59.7% from the prior reported annual observation.
Why this surfaced
Direction threshold: above +2% constructive; below -2% caution; otherwise monitor. This is not labeled one-year growth when filing periods have a gap. Period end 2025-12-31.
- Free cash flow was positive
Latest reported free cash flow was $290M.
Why this surfaced
Free cash flow = operating cash flow minus capital expenditures; positive is supporting evidence, not a valuation conclusion. Period end 2025-12-31.
Core trend metrics
Hover a tile for its exact definition; the Statements tab carries per-cell filing citations.
Where to look next
Risk checks
- Dilution
Financial movement
- Cash→ flat
- Long-term debt→ flat
- Inventory→ flat
- Receivables→ flat
- Current assets→ flat
Source & freshness
- Source
- SEC EDGAR XBRL
- Fetched
- 2026-09-06
- Latest period end
- 2025-12-31
- Filings
- EDGAR ↗
Reported segment mix
figures as filed · share of the filed sum · change vs the prior period in the same filing- Service Based Revenue$512Mshare n/a+64.4% yoy
- Processing And Overdraft Service Fees Net$467Mshare n/a+113.4% yoy
- Transaction Based Revenue$42.3Mshare n/a+18.6% yoy
- Subscriptions$37.2Mshare n/a+51.3% yoy
- Interchange Revenue Net$24.4Mshare n/a+21.9% yoy
- Transaction Based Revenue Other Net$15.7Mshare n/a+24.5% yoy
- Tips$7.5Mshare n/a-88.9% yoy
- Atm Revenue Net$2.25Mshare n/a-27.0% yoy
- +1 more member in the filing
member sum exceeds the consolidated figure: this axis carries more than one breakdown, so shares are not computed.
- Service Based Revenue$148Mshare n/a+50.8% yoy
- Processing And Overdraft Service Fees Net$134Mshare n/a+60.1% yoy
- Subscriptions$13.9Mshare n/a+104.6% yoy
- Transaction Based Revenue$10.8Mshare n/a+6.9% yoy
- Interchange Revenue Net$6.2Mshare n/a+5.4% yoy
- Transaction Based Revenue Other Net$3.97Mshare n/a+15.0% yoy
- +3 more members in the filing
Change is against the same quarter a year earlier, as reported in the same 10-Q.
Source: SEC DERA Financial Statement and Notes data sets. Dimensional XBRL facts on the business-segment, product/service and geographic axes; the engine keeps the accession of every figure. Descriptive and educational, not advice.
Peer percentiles
latest fiscal year ending 2025-12-31 · among 3,997 US-listed filers · 820 in Financials| Metric | Value | vs all filers | vs sector |
|---|---|---|---|
Revenue latest fiscal-year revenue as filed | $554M | 46thof 3,301 middle third | 53rdof 540 middle third |
Revenue growth latest fiscal-year revenue vs the prior fiscal year | 59.7% | 92ndof 3,137 top third | 92ndof 517 top third |
Net margin net income ÷ revenue | 35.3% | 92ndof 3,263 top third | 71stof 533 top third |
Free-cash-flow margin (operating cash flow − |capex|) ÷ revenue | 52.3% | 96thof 2,679 top third | 69thof 306 top third |
Return on equity net income ÷ stockholders' equity (positive equity only) | 55.5% | 97thof 3,576 top third | 97thof 772 top third |
Net debt ÷ operating cash flow net debt ÷ operating cash flow (OCF > 0) · lower is ranked higher | -0.3× | 84thof 1,546 top third | 71stof 295 top third |
Cash conversion operating cash flow ÷ net income (net income > 0) | 1.5× | 43rdof 1,444 middle third | 57thof 352 middle third |
Cash-flow accrual ratio (net income − operating cash flow) ÷ average total assets · lower is ranked higher | -23.9% | 96thof 1,869 top third | 98thof 391 top third |
Balance-sheet accrual ratio change in net operating assets ÷ average net operating assets · lower is ranked higher | 26.6% | 21stof 1,551 bottom third | 22ndof 378 bottom third |
Each filer's latest fiscal year as stored by the nightly crawl; fiscal year ends differ across the universe. A metric ranks only filers for which it is computable from filed facts. Ties split; a rank reads "better than N% of filers" in the metric's own direction. Descriptive and educational, not a rating.
Earnings quality
latest fiscal year ending 2025-12-31 · accruals and cash conversion as filedPer fiscal year from filed facts: cash conversion = operating cash flow / net income (net income > 0); cash-flow accrual ratio = (net income - operating cash flow) / average total assets; balance-sheet accrual ratio = change in net operating assets / average net operating assets, NOA = (assets - cash) - (liabilities - debt). Descriptive; a missing input yields a missing ratio. High accrual ratios and cash conversion well below one are the measures the accruals literature associates with less persistent earnings; they are screens to read the cash-flow statement with, not conclusions. The per-year series is part of Pro risk analysis.
Point-in-time ledger
first-reported vs latest filing · periods since 2020-01-01 · 19 changed periods| Line item | Period | First reported | Latest filing | Change | Filings |
|---|---|---|---|---|---|
| Stockholders' equity StockholdersEquity | balance at 2021-06-30 | $5M 10-Q 2021-08-13 | $56.6M 10-Q 2022-11-14 | +1031.3% | first · latest · 5 filings carry it |
| Stockholders' equity StockholdersEquity | balance at 2021-03-31 | $5M 10-Q 2021-05-25 | $56M 10-Q 2022-08-22 | +1020.3% | first · latest · 7 filings carry it |
| Stockholders' equity StockholdersEquity | balance at 2021-09-30 | -$31.9M 10-Q 2021-11-12 | $52.6M 10-Q 2022-11-14 | +264.9% | first · latest · 3 filings carry it |
| Total liabilities Liabilities | balance at 2021-12-31 | $30.2M 10-K 2022-03-25 | $108M 10-K 2023-03-13 | +258.8% | first · latest · 6 filings carry it |
| Stockholders' equity StockholdersEquity | balance at 2021-12-31 | -$29.4M 10-K 2022-03-25 | $38.7M 10-K 2024-03-05 | +231.9% | first · latest · 10 filings carry it |
| Net income NetIncomeLoss | quarter 2021-09-30 | -$2.68M 10-Q 2021-11-12 | -$7.89M 10-Q 2022-11-14 | -194.7% | first · latest · 3 filings carry it |
| Operating cash flow NetCashProvidedByUsedInOperatingActivities | quarter 2021-03-31 | $2.62M 10-Q 2022-05-13 | -$1.68M 10-Q/A 2022-08-22 | -164.2% | first · latest |
| Diluted shares WeightedAverageNumberOfDilutedSharesOutstanding | quarter 2022-03-31 | 361,939,372 shares 10-Q 2022-05-13 | 11,259,025 shares 10-Q 2023-05-09 | -96.9% | first · latest · 3 filings carry it |
| Basic shares WeightedAverageNumberOfSharesOutstandingBasic | quarter 2022-03-31 | 361,939,372 shares 10-Q 2022-05-13 | 11,259,025 shares 10-Q 2023-05-09 | -96.9% | first · latest · 3 filings carry it |
| Diluted shares WeightedAverageNumberOfDilutedSharesOutstanding | quarter 2022-06-30 | 371,540,222 shares 10-Q 2022-08-22 | 11,609,452 shares 10-Q 2023-08-08 | -96.9% | first · latest |
| Diluted shares WeightedAverageNumberOfDilutedSharesOutstanding | quarter 2022-09-30 | 374,507,465 shares 10-Q 2022-11-14 | 11,702,147 shares 10-Q 2023-11-07 | -96.9% | first · latest |
| Basic shares WeightedAverageNumberOfSharesOutstandingBasic | quarter 2022-06-30 | 371,540,222 shares 10-Q 2022-08-22 | 11,609,452 shares 10-Q 2023-08-08 | -96.9% | first · latest |
| Basic shares WeightedAverageNumberOfSharesOutstandingBasic | quarter 2022-09-30 | 374,507,465 shares 10-Q 2022-11-14 | 11,702,147 shares 10-Q 2023-11-07 | -96.9% | first · latest |
| Net income NetIncomeLoss | quarter 2021-06-30 | -$3.48M 10-Q 2021-08-13 | -$864K 10-Q 2022-08-22 | +75.2% | first · latest · 4 filings carry it |
| Operating cash flow NetCashProvidedByUsedInOperatingActivities | quarter 2022-03-31 | -$37.5M 10-Q 2022-05-13 | -$12.5M 10-Q 2023-05-09 | +66.6% | first · latest · 3 filings carry it |
| Total assets Assets | balance at 2021-12-31 | $255M 10-K 2022-03-25 | $147M 10-K 2023-03-13 | -42.2% | first · latest · 6 filings carry it |
| Net income NetIncomeLoss | quarter 2022-03-31 | -$34.8M 10-Q 2022-05-13 | -$32.8M 10-Q 2023-05-09 | +5.9% | first · latest · 3 filings carry it |
| Stockholders' equity StockholdersEquity | balance at 2022-03-31 | $174M 10-Q 2022-05-13 | $167M 10-Q 2023-08-08 | -4.4% | first · latest · 5 filings carry it |
| Total liabilities Liabilities | balance at 2022-03-31 | $213M 10-Q 2022-05-13 | $221M 10-Q/A 2022-08-22 | +3.6% | first · latest |
First filing reporting each period vs the latest filing carrying it (10-K and 10-Q only, periods since 2020, the extractor's winning tag per concept); a change under 0.5% is treated as rounding. A change can be a restatement, a reclassification or a re-tagging in a later comparative column; the two filings are linked so the reader can see which. Descriptive, not a verdict.
Notes by disclosure type
Not available for DAVE yet: no footnote text blocks on file for this filer in the ingested DERA files.
Fundamentals from SEC EDGAR. Scores, the DCF, and every model shown are educational analysis, not investment advice or price predictions.