---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-23-272474"
form_type: "8-K"
ticker: "DAVE"
cik: "0001841408"
company_name: "Dave Inc./DE"
filed_at: "2023-11-07T23:59:59+00:00"
generated_at: "2026-06-08T17:21:19.489100+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# Dave Q3 GAAP rev $65.8M, net loss improves 47% Q/Q; guides to adj EBITDA profitability in Q4

## Summary
- GAAP revenue $65.8M (+16% YoY, +7% Q/Q); Non-GAAP variable profit $37.3M (+51% YoY, +13% Q/Q)
- GAAP net loss $12.1M (improved 47% Q/Q); Adj EBITDA loss $2.5M (improved 81% Q/Q)
- Raised FY 2023 guidance: Non-GAAP revenue $257-261M (prior $235-260M), Adj EBITDA ($22)-($17)M (prior ($50)-($35)M), implying Q4 adj EBITDA profitability
- ExtraCash originations $932M (+23% YoY); 28-day delinquency rate improved 165 bps to 2.42%; Dave Card spend $341M (+73% YoY)
- Total liquidity $181M ($171M cash & investments + $10M undrawn credit facility)

## SEC filing metadata
- accession: 0001193125-23-272474
- form_type: 8-K
- ticker: DAVE
- cik: 0001841408
- company_name: Dave Inc./DE
- filed_at: 2023-11-07T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1841408/000119312523272474/0001193125-23-272474-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1841408/000119312523272474/d568851d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-23-272474
- JSON: https://secwatch.observer/filing/0001193125-23-272474.json
- Plain text: https://secwatch.observer/filing/0001193125-23-272474.txt

## Key facts
- Earnings Releases
  Dave Inc./DE reported third quarter ended September 30, 2023 results: revenue $65.8 million, net income ($12.1). Guidance raised.
  - Period: third quarter ended September 30, 2023
  - Revenue: $65.8 million
  - Net income: ($12.1)
  - Guidance: raised
  - Result: reported results
  source text: for Non-GAAP Revenue, Non-GAAP Variable Margin and Adjusted EBITDA, Implying Adjusted EBITDA Profitability in Q4 2023 at the Midpoint of the Range Q3 GAAP Revenue up 7% Q/Q to $65.8 Million; Q3 Non-GAAP Variable Profit up 13% Q/Q Q3 Net Loss Improves by 47% Q/Q; Adj. EBITDA Loss Improves 81% Q/Q to $2.5 Million LOS ANGELES, CA – November 7, 2023 – Dave Inc. (“Dave”
  evidence_url: https://www.sec.gov/Archives/edgar/data/1841408/000119312523272474/0001193125-23-272474-index.htm

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