Prospect Capital’s High-Stakes Bet on Dave Inc.: A Stylish Venture

What Happened, You Ask?

Ah, the thrilling world of high finance – where fortunes are made and lost at the speed of a well-timed cocktail party quip. Prospect Capital Advisors, LLC, bless their hearts, increased their stake in Dave Inc. (DAVE 5.06%) by a rather substantial 23,455 shares in the third quarter. One might say it was a rather cheeky move, given the market’s fondness for unpredictability. As of September 30, 2025, they now hold 40,000 shares, worth a neat $7.97 million. Quite the tidy sum, don’t you think?

Oh, But There’s More

Now, as of the latest filing, Dave Inc. comprises 3.05% of their total assets, as recorded in the 13F statement. One could almost hear the clink of champagne flutes when that tidbit was revealed.
Let’s have a peek at their top five positions – all rather interesting, each vying for a bit of limelight in the portfolio:
- NYSE: RSI: $24.02 million (9.2% of AUM)
- NASDAQ: IDCC: $20.07 million (7.7% of AUM)
- NYSE: TPB: $18.15 million (6.9% of AUM)
- NYSE: ARLO: $17.80 million (6.8% of AUM)
- NYSE: PJT: $17.69 million (6.8% of AUM)
And, would you believe, as of November 14, 2025, shares of Dave Inc. are trading at $205.30 – a rather dazzling 156.75% rise over the past year. That’s more than a few percentage points ahead of the S&P 500, if you must know.
The compound annual growth rate (CAGR) for their revenue is 35.41%. Not bad for a company that, not too long ago, most would have dismissed as a mere blip on the radar.
On the revenue front, they reported $347.08 million for the trailing twelve months (TTM), with net income touching a not-insubstantial $57.87 million. One does love a nice, tidy profit.

More Than Just Numbers, Darling

Metric	Value
Price (as of market close 2025-11-14)	$205.30
Market Capitalization	$2.77 billion
Revenue (TTM)	$347.08 million
Net Income (TTM)	$57.87 million

The Grand Overview

Dave Inc. has transformed the way consumers approach digital banking, offering a delightful suite of services like checking accounts, personal finance tools, and those ever-so-charming short-term credit solutions such as ExtraCash. No overdraft fees here, darling – just the modern conveniences that we’ve all come to expect.
It’s a tech-driven marvel, where the mundane aspects of finance are made beautifully simple with just a few clicks. How terribly efficient.
They’ve captured the hearts and wallets of American consumers with a penchant for accessible, digital-first financial management. A fitting testament to the power of innovation and the ever-so-fashionable world of fintech.

All this, of course, is wrapped up in a sleek digital platform that promises to make financial management as effortless as an afternoon stroll in the park. Dave isn’t just a bank; it’s a vision for the future, a future where technology rules the roost and customers need never worry about fees or the tyranny of old-fashioned financial products.

The Foolish Take (and One’s Refined Opinion)

The stock of Dave, as you may have gathered, has soared to remarkable heights – an almost absurd 1,790% increase over the past three years. But don’t let that fool you into thinking the ride is over. Oh no, Prospect Capital, in their infinite wisdom, seems to believe there’s more to come. Their bet on Dave in the third quarter was, in fact, their fourth-largest portfolio addition of the period. Quite the statement, if you ask me.

Let’s talk about the numbers, shall we? Dave Inc. reported third-quarter revenue that surged by a staggering 63% year-over-year, hitting $150.8 million. Not once, but twice now, the company has posted sales growth above 60%. Remarkable. One might even say it defies gravity, but then again, what’s a little defiance when the stakes are so deliciously high?

And as for the bottom line? Oh, they’ve been delivering there too. The third-quarter net income reached a record $92 million on a GAAP basis. But, if you prefer your profits adjusted, it surged by 193%, landing at $61.6 million. A rather impressive feat, one might say, in an environment where so many others are struggling to keep their heads above water.

In September, Dave introduced CashAI v5.5, their latest enhancement to the AI-driven underwriting engine. The future, it seems, is ever more automated, and for Dave, this means credit performance improvements that will likely become evident in the coming quarters. We shall see if the robots can continue to outperform the analysts. One can only hope.

The Glossary (For Those Who Like to be Informed)

13F assets under management: A term that refers to the value of securities a fund must report to the SEC quarterly. Think of it as the fund’s public statement on its wealth.

Net position increase: The delightful uptick in the number or value of shares held by a fund after recent activity. Oh, the joys of more shares.

Quarter-over-quarter: A comparison between two consecutive quarters. A handy metric for those who like to see how things are faring in the short term.

Assets under management (AUM): The total market value of investments a fund manages. An important figure, if one wishes to gauge the scale of a firm.

Stake: The portion of ownership an investor or fund holds in a company. A stake is worth its weight in gold, or at least a few cocktail parties.

Trailing twelve months (TTM): The 12-month period up to the most recent quarterly report. Quite handy for understanding a company’s current trajectory.

Compound annual growth rate (CAGR): The average annual growth rate of an investment. It’s as if you’re walking down a staircase, but with a rather steady and predictable rise. Think of it as the ‘charming’ side of growth.

Outperforming: The practice of achieving returns superior to a benchmark. Oh, what a delightful word it is when used in financial circles.

Overdraft alternatives: Ingenious products designed to help one avoid those ghastly overdraft fees. How terribly forward-thinking.

Personal finance tools: Digital gadgets for managing one’s finances. Yes, managing one’s pennies just became more sophisticated.

Short-term credit solutions: Quick loans that are repaid in short order. A convenient, if somewhat thrilling, bit of financial wizardry.

There, I think that about sums it up. Nothing too taxing, darling – just a little light reading on the matter of Dave Inc. and its dizzying ascent in the market. One can only hope the next quarterly earnings come with a bit more drama. 🎩

2025-11-16 22:53