earnings
confidence high
sentiment positive
materiality 0.85
Dave Q3 revenue up 41% YoY to $92.5M; raises FY2024 revenue and Adj. EBITDA guidance
Dave Inc./DE
2024-Q3 EPS reported
$3.02
revenue$246,236,000
- Net income of $0.5M vs. loss of $12.1M YoY; Adj. EBITDA of $24.7M, up $27.2M YoY.
- FY2024 revenue guidance raised to $340–343M (prior $310–325M); Adj. EBITDA guidance raised to $71–74M (prior $40–50M).
- Monthly transacting members up 23% to 2.4M; ExtraCash originations up 46% to $1.4B; delinquency rate improved 64 bps to 1.78%.
- Non-binding LOI entered for strategic partnership with a publicly traded fintech sponsor bank to diversify commercial relationships.
- Cash and equivalents $76.7M as of Sep 30, 2024; no increase in credit facility utilization during the quarter.