Dave vs Regional Management
Regional Management is the larger business, with $646m of revenue in fiscal 2025 against $554m for Dave (1.2 times as much). Dave grew faster (59.7% against 9.7%). Dave kept more of each dollar of sales as profit: a net margin of 35.3% against 6.9%. Dave carries less debt relative to equity (21.3% against 442.5%).
| Latest fiscal year | DaveDAVE, 2025 | Regional ManagementRM, 2025 |
|---|---|---|
| Revenue | $554m | $646m |
| Revenue growth | 59.7% | 9.7% |
| Net income | $196m | $44.4m |
| Operating margin | — | — |
| Net margin | 35.3% | 6.9% |
| Return on equity | 73.1% | 12.2% |
| Free cash flow | $290m | $304m |
| Cash | $80.5m | $98.0m |
| Total debt | $75.0m | $1.65bn |
| Debt to equity | 21.3% | 442.5% |
| Dividend per share | — | $1.20 |
| Dividend yield | — | 3.2% |
| Share buybacks | $43.7m | $24.0m |
| Employees | 280 | 2,112 |
| Market value | $4.27bn | $357m |
| Price vs our value range | — | — |
| Moat score | 57 (Moderate) | 58 (Moderate) |
| Insider trades, 12 months | 0 buys, 110 sales | 3 buys, 102 sales |