secwatch.observer — SEC 8-K summary
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Issuer:     Dave Inc./DE (DAVE)
CIK:        0001841408
Form:       8-K
Filed at:   2025-08-06T23:59:59+00:00
Accession:  0001193125-25-174014
Event type: earnings
Sentiment:  positive
Materiality: 0.85
Item codes: 1.01, 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Dave Q2 revenue up 64% to $131.7M, raises FY 2025 guidance; amends Coastal deal for $225M receivables
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- Revenue $131.7M (+64% YoY); net income $9.1M (+42% YoY); adjusted EBITDA $50.9M (+236% YoY).
- Adjusted diluted EPS $3.14 (+210% YoY); non-GAAP gross profit $92.0M (+78% YoY) with 70% margin.
- Raises FY 2025 revenue guidance to $505-515M (prior $460-475M); adjusted EBITDA to $180-190M (prior $155-165M).
- Monthly Transacting Members up 16% to 2.6M; ExtraCash originations up 51% to $1.8B.
- First Amendment with Coastal Community Bank requires sale of up to $225M in receivables to Dave after 60 days on Coastal's balance sheet.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1841408/000119312525174014/0001193125-25-174014-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1841408/000119312525174014/d896447d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-25-174014

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