secwatch.observer — SEC 8-K summary
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Issuer:     Dave Inc./DE (DAVE)
CIK:        0001841408
Form:       8-K
Filed at:   2025-05-08T23:59:59+00:00
Accession:  0001193125-25-115471
Event type: earnings
Sentiment:  positive
Materiality: 0.85
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Dave Q1 revenue hits $108.0M (+47% Y/Y); net income $28.8M; guides FY25 higher
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- GAAP net income $28.8M (vs $34.2M in Q1 2024); adjusted EBITDA $44.2M, up 235% Y/Y.
- ExtraCash originations $1.5B, up 46% Y/Y; 28-day delinquency rate improved 33bps to 1.50%.
- FY2025 revenue guidance raised to $460-475M (prior $415-435M); Adj. EBITDA guidance raised to $155-165M (prior $110-120M).
- Monthly transacting members rose 13% to 2.5M; Dave debit card spend up 24% to $488M.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1841408/000119312525115471/0001193125-25-115471-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1841408/000119312525115471/d897700d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-25-115471

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer