secwatch.observer — SEC 8-K summary
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Issuer:     Dave Inc./DE (DAVE)
CIK:        0001841408
Form:       8-K
Filed at:   2023-03-07T23:59:59+00:00
Accession:  0001193125-23-062339
Event type: earnings
Sentiment:  neutral
Materiality: 0.65
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Dave Q4 revenue $59.6M (+45% YoY), net loss $21.5M; FY23 guidance: revenue $235-260M, adj EBITDA -$50M to -$35M
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- Q4 GAAP revenue $59.6M (+45% YoY); net loss $21.5M (improved 55% QoQ); adj EBITDA loss $11.8M (improved 59% QoQ).
- Q4 operating highlights: added 543k net new members; MTMs 1.9M; ExtraCash originations $801M; Dave Card spend $263M (+34% QoQ).
- Full year 2022: GAAP revenue $204.8M (+34% YoY); net loss $128.9M; adj EBITDA loss $87.1M.
- FY2023 guidance: non-GAAP revenue $235-260M; variable margin 43-47%; adj EBITDA loss $50M-35M.
- Company reiterates timeline for adj EBITDA positive in 2024 without need to raise equity.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1841408/000119312523062339/0001193125-23-062339-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1841408/000119312523062339/d458017d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-23-062339

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