Dave posts Q4 2023 net income of $0.2M, revenue $73.2M; FY23 revenue $259.1M; guides FY24 EBITDA $25-35M

Dave Inc./DE

Q4 GAAP net income of $0.2M (vs -$21.5M YoY); Adjusted EBITDA of $10.0M (vs -$12.8M).
FY 2023 revenue $259.1M (+26% YoY); GAAP net loss improved to $48.5M from $128.9M in 2022.
FY 2024 guidance: revenue $305-325M (18-25% growth); Adjusted EBITDA $25-35M.
Repurchased FTX convertible note for $71M (67% of $105.5M balance), recording a $35M discount.
Monthly transacting members up 11% to 2.1M; ExtraCash originations up 29% to $1.0B in Q4.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

Dave Inc./DE updated its the fourth quarter and full year ended December 31, 2023 guidance (raised).

Period: the fourth quarter and full year ended December 31, 2023
Guidance: raised
Result: reported results

Exact text from the filing

On March 5, 2024, Dave Inc. issued a press release announcing its financial results for the quarter and full year ended December 31, 2023.

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Dave Inc./DE filing history →

Source: SEC EDGAR

accession 0001193125-24-058700

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