Dave Q1 revenue $73.6M (up 25% YoY), GAAP net income $34.2M, raises FY adj. EBITDA guidance to $30-40M

Dave Inc./DE

2024-Q1 EPS reported $2.60 revenue$73,630,000

GAAP net income $34.2M vs loss $14.0M in Q1 2023; includes $33.4M gain on FTX note extinguishment.
Adjusted EBITDA $13.2M, up 32% from Q4 2023; FY 2024 guidance raised to $30-40M (prev. $25-35M).
ExtraCash originations $1.1B (+32% YoY); 28-day delinquency rate improved 77 bps to 1.83%.
Monthly transacting members up 14% to 2.2M; debit card spend up 34% to $394M.
Cash $101.5M; repurchased FTX convertible note for $71M at 33% discount in Jan 2024.

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 reported first quarter ended March 31, 2024 results: revenue $73.6 Million, net income $34.2 Million. Guidance raised.

Period: first quarter ended March 31, 2024
Revenue: $73.6 Million
Net income: $34.2 Million
Guidance: raised
Result: reported results

Exact text from the filing

expressly set forth by specific reference in such a filing. --- EX-99.1 (EX-99.1) --- EX-99.1 Exhibit 99.1 Dave Reports Record First Quarter 2024 Results Record Q1 Revenue of $73.6 Million; Y/Y Revenue Growth Accelerates for Second Consecutive Quarter Q1 GAAP Net Income Reaches $34.2 Million and Adj. EBITDA Increases to $13.2 Million Dave Raises 2024 Adjusted

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Dave Inc./DE filing history →

Source: SEC EDGAR

accession 0001193125-24-132578

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