Dave Inc./DE vs SoFi Technologies, Inc., two Mortgage Finance stocks. A side-by-side on valuation, growth, margins, returns, and what each price is betting.
Dave earns 42.4% on assets from a product; SoFi earns 1.1% from a balance sheet, and neither number is a mistake: an advance app that never holds the loan against a bank that always does. SoFi's 14.6% net margin arrives on vastly more revenue and a $25B valuation at 39.7 times earnings; Dave's 37.2% margin on a $5B one at 22.4. The negative 25.8% free-cash figure at SoFi is deposit-funded loan growth doing its usual disguise; Dave's 6.5% is plain. Five times the valuation for the bank, double the multiple, a fraction of the capital efficiency: the market is paying for SoFi's ceiling and merely renting Dave's efficiency. Both bets are about which constraint binds first, scale or model.
Comparison updated 2026-07-10.
| Metric | DAVE | SOFI |
|---|---|---|
| Price | $348.69 | $17.86 |
| Market cap | $5.0B | $24.6B |
| Sector | Financial Services | Financial Services |
| Stage | Growth | Growth |
| P/E | 22.4 | 39.7 |
| P/B | 24.64 | 2.28 |
| P/S | 8.30 | 6.24 |
| EV/EBITDA | 3009.7 | 313.9 |
| Revenue growth | +59.1% | +40.7% |
| Net margin | 37.2% | 14.6% |
| Return on equity | 110.4% | 5.3% |
| Return on assets | 42.4% | 1.1% |
| Debt / equity | 0.00 | 0.00 |
| Current ratio | 3.86 | — |
| Altman Z (solvency) | 8.21 | 0.40 |
| Piotroski F (quality) | 7 / 9 | 6 / 9 |
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The stronger value is highlighted per metric where one is strictly better on that single number; it is not an overall verdict on either company. For informational and research purposes only. Not investment advice. Not a recommendation to buy, sell, or hold any security. boothcheck is not a registered investment adviser. Past performance does not guarantee future results.