---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-23-206198"
form_type: "8-K"
ticker: "DAVE"
cik: "0001841408"
company_name: "Dave Inc./DE"
filed_at: "2023-08-08T23:59:59+00:00"
generated_at: "2026-06-12T02:49:26.180201+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Dave Q2 revenue up 34% to $61.2M; net loss improves 17%; raises variable profit margin outlook

## Summary
- GAAP revenue $61.2M (+34% YoY); net loss improved to $22.6M from $27.1M.
- Adj. EBITDA loss improved 54% to $13.1M; includes $4M data-breach legal settlement.
- Non-GAAP variable profit margin raised to 47%-51% (from 43%-47%) for FY2023.
- Monthly Transacting Members up 26% to 1.9M; ExtraCash originations rose 43% to $867M.
- Dave Card spend hit $304M (+77% YoY); reiterates FY Adj. EBITDA loss of ($50M)-($35M).

## SEC filing metadata
- accession: 0001193125-23-206198
- form_type: 8-K
- ticker: DAVE
- cik: 0001841408
- company_name: Dave Inc./DE
- filed_at: 2023-08-08T23:59:59+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/1841408/000119312523206198/0001193125-23-206198-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1841408/000119312523206198/d547819d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-23-206198
- JSON: https://secwatch.observer/filing/0001193125-23-206198.json
- Plain text: https://secwatch.observer/filing/0001193125-23-206198.txt

## Key facts
- Earnings Releases
  Dave Inc./DE reported second quarter ended June 30, 2023 results: revenue $61.2 million, net income ($22.6). Guidance raised.
  - Period: second quarter ended June 30, 2023
  - Revenue: $61.2 million
  - Net income: ($22.6)
  - Guidance: raised
  - Result: reported results
  source text: Q2 GAAP Revenue up 34% Year Over Year to $61.2 Million; Q2 Non-GAAP Variable Profit up 78% Q2 Net Loss Improves by 17% Year Over Year; Adj. EBITDA Loss Improves 54% to $13.1 Million Raising Non-GAAP Variable Profit Margin Outlook to 47% - 51%; Reiterating 2023 Non-GAAP Operating Revenue and Adjusted EBITDA Guidance
  evidence_url: https://www.sec.gov/Archives/edgar/data/1841408/000119312523206198/0001193125-23-206198-index.htm
- Earnings Releases
  Dave Inc./DE updated its fiscal year 2023 guidance (raised).
  - Period: fiscal year 2023
  - Guidance: raised
  - Result: guidance update
  source text: Dave is raising its Non-GAAP variable profit margin outlook to 47% - 51%, representing a 400 basis point increase from the Company’s previously issued guidance of 43% - 47%, based on the sustainability of improvements made to the Company’s variable cost structure
  evidence_url: https://www.sec.gov/Archives/edgar/data/1841408/000119312523206198/0001193125-23-206198-index.htm

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