secwatch.observer — SEC 8-K summary
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Issuer:     Dave Inc./DE (DAVE)
CIK:        0001841408
Form:       8-K
Filed at:   2022-11-10T23:59:59+00:00
Accession:  0001193125-22-282790
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1841408/000119312522282790/0001193125-22-282790-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1841408/000119312522282790/d572339d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-22-282790

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer