secwatch.observer — SEC 8-K summary
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Issuer:     Dave Inc./DE (DAVE)
CIK:        0001841408
Form:       8-K
Filed at:   2023-05-09T23:59:59+00:00
Accession:  0001193125-23-139431
Event type: earnings
Sentiment:  positive
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1841408/000119312523139431/0001193125-23-139431-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1841408/000119312523139431/d449932d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-23-139431

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