---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-22-282790"
form_type: "8-K"
ticker: "DAVE"
cik: "0001841408"
company_name: "Dave Inc./DE"
filed_at: "2022-11-10T23:59:59+00:00"
generated_at: "2026-06-21T23:50:49.889365+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Dave Q3 revenue +41% to $56.8M, but GAAP net loss widens to $47.5M; FY guidance reiterated

## Summary
- GAAP operating revenue $56.8M (+41% YoY); Non-GAAP revenue $58.6M (+41% YoY).
- GAAP net loss $47.5M vs $7.9M loss in Q3 2021; Adjusted EBITDA loss $27.5M vs $11.3M loss.
- Non-GAAP variable profit margin improved to 42% from 39% in Q2 2022.
- Added 808k net new members (total 7.8M); Monthly transacting members 1.8M (+18% sequentially).
- Reiterated FY2022 guidance: Non-GAAP revenue $200-215M and variable profit margin 40-44%.

## SEC filing metadata
- accession: 0001193125-22-282790
- form_type: 8-K
- ticker: DAVE
- cik: 0001841408
- company_name: Dave Inc./DE
- filed_at: 2022-11-10T23:59:59+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/1841408/000119312522282790/0001193125-22-282790-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1841408/000119312522282790/d572339d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-22-282790
- JSON: https://secwatch.observer/filing/0001193125-22-282790.json
- Plain text: https://secwatch.observer/filing/0001193125-22-282790.txt

## Key facts
- Earnings Releases
  Dave Inc./DE reported third quarter ended September 30, 2022 results: revenue $ 56.8, net income ($ 47.5 ). Guidance reaffirmed.
  - Period: third quarter ended September 30, 2022
  - Revenue: $ 56.8
  - Net income: ($ 47.5 )
  - Guidance: reaffirmed
  - Result: reported results
  source text: Third Quarter 2022 Financial Highlights: ($ in millions except otherwise noted) 3Q21 4Q21 1Q22 2Q22 3Q22 GAAP Operating Revenues, Net $ 40.2 $ 41.2 $ 42.6 $ 45.8 $ 56.8 % Change vs. prior year period 26 % 16 % 24 % 23 % 41 % Non-GAAP Operating Revenues* $ 41.5 $ 42.2 $ 43.7 $ 47.0 $ 58.6 % Change vs. prior year period 26 % 16 % 23 % 22 % 41 % Non-GAAP variable profit margin* 48 % 48 % 41 % 39 % 42 % GAAP Net loss ($ 7.9 ) ($ 15.2 ) ($ 34.8 ) ($ 27.1 ) ($ 47.5 )
  evidence_url: https://www.sec.gov/Archives/edgar/data/1841408/000119312522282790/0001193125-22-282790-index.htm

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