Press Releases May 28, 2026 04:37 PM

Dave To Join S&P SmallCap 600 Index

Dave Inc. to join the S&P SmallCap 600 Index, marking a significant milestone in its growth journey

By Avery Klein
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DAVE

Dave Inc., a leading U.S. neobank, announced its inclusion in the S&P SmallCap 600 Index effective June 1, 2026. This inclusion reflects the company's solid performance, liquidity, and market capitalization, highlighting its position as a key player in the small-cap U.S. equity market segment. CEO Jason Wilk emphasized this as a validation of their growth strategy and member trust.

Dave To Join S&P SmallCap 600 Index
DAVE
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Key Points

  • Dave Inc. will officially join the S&P SmallCap 600 Index starting June 1, 2026.
  • The S&P SmallCap 600 Index inclusion criteria focus on performance, liquidity, and market capitalization, underscoring Dave's growth and stability.
  • The move highlights Dave's role as a prominent neobank serving everyday Americans with innovative credit products.

Los Angeles, May 28, 2026 (GLOBE NEWSWIRE) -- Dave Inc. (“Dave” or the “Company”) (Nasdaq: DAVE), one of the nation’s leading neobanks, today announced that it will join the S&P SmallCap 600 Index, effective prior to the opening of trading on Monday, June 1, 2026. The S&P SmallCap 600 Index tracks companies that meet specific inclusion criteria for performance, liquidity and market capitalization, and comprises key players in the small-cap U.S. equity market segment.

“Our inclusion in the S&P SmallCap 600 is a reflection of the hard work of our team and the trust that our members place in us every day,” said Jason Wilk, Founder and CEO of Dave. “This milestone further reinforces our conviction in Dave’s growth algorithm and the path ahead.”

About Dave
Dave (Nasdaq: DAVE) is a U.S. neobank pioneering innovative credit products for everyday Americans. For more information about the Company, visit: www.dave.com. For investor information and updates, visit: investors.dave.com and follow @davebanking on X.

Investor Relations Contact
Sean Mansouri, CFA or Stefan Norbom
Elevate IR
[email protected]

Media Contact
Dan Ury
[email protected]


Risks

  • Market volatility could affect Dave's stock performance despite index inclusion.
  • The competitive landscape of neobanking and fintech could pressure future growth and profitability.
  • Regulatory changes in the banking and fintech sectors may impact Dave's business operations.

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