---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-22-147642"
form_type: "8-K"
ticker: "DAVE"
cik: "0001841408"
company_name: "Dave Inc./DE"
filed_at: "2022-05-11T23:59:59+00:00"
generated_at: "2026-06-25T21:12:03.000824+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Dave Q1 revenue up 24% but net loss widens to $34.8M; reaffirms FY2022 guidance

## Summary
- GAAP revenue $42.6M (up 24% YoY from $34.4M); non-GAAP revenue $43.7M.
- Net loss $34.8M vs net income $3.9M in Q1 2021; adjusted EBITDA -$18.3M vs -$8.0M.
- Added 340k net new members, total 6.4M; 1.45M monthly transacting members.
- Non-GAAP variable profit margin 41% vs 64% YoY, driven by product mix.
- Reaffirms FY2022 non-GAAP revenue $200-230M and variable profit margin 44-48%.

## SEC filing metadata
- accession: 0001193125-22-147642
- form_type: 8-K
- ticker: DAVE
- cik: 0001841408
- company_name: Dave Inc./DE
- filed_at: 2022-05-11T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1841408/000119312522147642/0001193125-22-147642-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1841408/000119312522147642/d317813d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-22-147642
- JSON: https://secwatch.observer/filing/0001193125-22-147642.json
- Plain text: https://secwatch.observer/filing/0001193125-22-147642.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.