secwatch.observer — SEC 8-K summary
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Issuer:     Dave Inc./DE (DAVE)
CIK:        0001841408
Form:       8-K
Filed at:   2022-05-11T23:59:59+00:00
Accession:  0001193125-22-147642
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1841408/000119312522147642/0001193125-22-147642-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1841408/000119312522147642/d317813d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-22-147642

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