---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-24-132578"
form_type: "8-K"
ticker: "DAVE"
cik: "0001841408"
company_name: "Dave Inc./DE"
filed_at: "2024-05-07T23:59:59+00:00"
generated_at: "2026-06-02T20:01:00.849887+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001193125-24-132578
- form_type: 8-K
- ticker: DAVE
- cik: 0001841408
- company_name: Dave Inc./DE
- filed_at: 2024-05-07T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1841408/000119312524132578/0001193125-24-132578-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1841408/000119312524132578/d834789d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-24-132578
- JSON: https://secwatch.observer/filing/0001193125-24-132578.json
- Plain text: https://secwatch.observer/filing/0001193125-24-132578.txt

## Key facts
- Earnings Releases
  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
  source text: 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
  evidence_url: https://www.sec.gov/Archives/edgar/data/1841408/000119312524132578/0001193125-24-132578-index.htm

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