---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-23-139431"
form_type: "8-K"
ticker: "DAVE"
cik: "0001841408"
company_name: "Dave Inc./DE"
filed_at: "2023-05-09T23:59:59+00:00"
generated_at: "2026-06-15T09:57:38.456395+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Dave Q1 revenue $58.9M (+38% YoY); net loss improves 57%; Adj. EBITDA loss down 75% to $4.5M

## Summary
- GAAP revenue $58.9M (+38% YoY); non-GAAP revenue $60.6M (+39%).
- Net loss improved 57% YoY to $14.0M; Adj. EBITDA loss reduced 75% to $4.5M.
- Non-GAAP variable profit margin expanded to 56% from 41% YoY.
- ExtraCash originations $798M (+46% YoY); 28-day delinquency improved 67 bps to 2.60%.
- Reiterates FY2023 outlook: non-GAAP revenue $235-260M, Adj. EBITDA loss ($50)-($35)M.

## SEC filing metadata
- accession: 0001193125-23-139431
- form_type: 8-K
- ticker: DAVE
- cik: 0001841408
- company_name: Dave Inc./DE
- filed_at: 2023-05-09T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1841408/000119312523139431/0001193125-23-139431-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1841408/000119312523139431/d449932d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-23-139431
- JSON: https://secwatch.observer/filing/0001193125-23-139431.json
- Plain text: https://secwatch.observer/filing/0001193125-23-139431.txt

## Key facts
- Earnings Releases
  Dave Inc./DE reported first quarter ended March 31, 2023 results: revenue $58.9 million, net income ($14.0) million. Guidance reaffirmed.
  - Period: first quarter ended March 31, 2023
  - Revenue: $58.9 million
  - Net income: ($14.0) million
  - Guidance: reaffirmed
  - Result: reported results
  source text: Dave Announces First Quarter 2023 Results Q1 GAAP Revenue up 38% Year Over Year to $58.9 Million; Transaction-Based Revenue up 91% Q1 Net Loss Improves by 57% Year Over Year; Adj. EBITDA Loss Reduced 75% to $4.5 Million Reiterates 2023 Financial Outlook and Maintains Nearly $200 Million Available Liquidity
  evidence_url: https://www.sec.gov/Archives/edgar/data/1841408/000119312523139431/0001193125-23-139431-index.htm

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