Highest-materiality recent filing
Dave Inc. director Yadin Rozov resigns from board effective August 12, 2026
Yadin Rozov resigned from Dave Inc.'s Board of Directors effective August 12, 2026, citing personal reasons.
Dave Q2 revenue $170.8M (+30% YoY), Adj. EBITDA $75.5M (+48%), raises FY guidance
Revenue $170.8M, up 30% YoY; net income $6.7M includes $36.9M non-cash warrant/earnout charges.
Dave Inc. stockholders elect directors and approve executive compensation at 2026 annual meeting
Director Dan Preston elected with 17,520,094 votes for, 2,766,061 withheld, 2,150,061 broker non-votes.
Dave Q1 revenue $158.4M (+47% YoY); net income $57.9M (+101%); raises FY guidance
GAAP net income $57.9M, up 101% YoY; adjusted EBITDA $69.3M, up 57% YoY.
Dave Inc. closes $200M 0% convertible notes offering, repurchases $70.5M shares
Issued $200M aggregate principal of 0% Convertible Senior Notes due 2031, net proceeds ~$192.1M.
Dave prices $175M 0% convertible notes due 2031; repurchases ~334K shares
Pricing of $175M (upsized from $150M) 0% Convertible Senior Notes due 2031; initial purchasers option for additional $25M.
Offers $150M principal of 5-year convertible notes due 2031, with initial purchasers' option for additional $22.5M.
Q4 revenue $163.7M (+62% YoY); GAAP net income $66.0M (+292%); Adj. EBITDA $72.9M (+118%).
Q4 2025 GAAP operating revenue $164M, up 62% YoY; FY2025 revenue $554M, up 60% YoY.
Dave appoints Meta VP Nima Khajehnouri to board; Imran Khan resigns
Imran Khan resigned from board effective upon successor appointment; no disagreement.
Dave reports Q3 revenue $150.8M (+63% YoY), GAAP net income $92.0M; raises FY2025 guidance
Revenue $150.8M (+63% YoY); GAAP net income $92.0M vs $0.5M in 3Q24; Adj. EBITDA $58.7M (+137%).
Dave Inc. expands share repurchase authorization to $125M from $50M
Board authorized new $125M share repurchase program, replacing prior $50M authorization.
Revenue $131.7M (+64% YoY); net income $9.1M (+42% YoY); adjusted EBITDA $50.9M (+236% YoY).
Dave expands CFO Kyle Beilman's role to include COO, effective July 11
Kyle Beilman promoted from CFO to CFO & COO, effective July 11, 2025.
Dave Inc. stockholders elect directors and ratify auditor at 2025 annual meeting
Shareholders representing 90.84% of voting power (24,499,476 shares) were present at the June 2, 2025 annual meeting.
Dave Q1 revenue hits $108.0M (+47% Y/Y); net income $28.8M; guides FY25 higher
GAAP net income $28.8M (vs $34.2M in Q1 2024); adjusted EBITDA $44.2M, up 235% Y/Y.
Dave Inc. announces $50 million share repurchase authorization
Board authorized up to $50M buyback of Class A common stock; no fixed expiration date.
Coastal becomes exclusive sponsor bank for Dave’s banking products and simplified ExtraCash product; customer onboarding begins Q2 2025.
Dave reports record Q4 revenue $100.9M (+38% YoY); FY net income $57.9M vs loss
Q4 revenue $100.9M (up 38% YoY); full-year revenue $347.1M (up 34% YoY).
Dave completes shift from optional Tips to 5% fee structure on ExtraCash
Replaced optional Tips (as low as $0) with a flat 5% fee; $5 minimum, $15 cap per transaction.
Dave Inc. Announces DOJ Amended Complaint in FTC Lawsuit and New Fee Structure for ExtraCash
DOJ filed amended civil complaint on Dec 30, 2024, adding civil money penalties claim and naming CEO Jason Wilk as defendant.
Dave Inc. enters non-binding LOI for strategic partnership with sponsor bank
LOI with a leading publicly-traded sponsor bank to originate ExtraCash, hold deposits, issue debit cards, and provide ACH.
Dave Q3 revenue up 41% YoY to $92.5M; raises FY2024 revenue and Adj. EBITDA guidance
Net income of $0.5M vs. loss of $12.1M YoY; Adj. EBITDA of $24.7M, up $27.2M YoY.
Dave Q3 prelim: rev $92.5M (+41%), net income $0.5M; FTC sues over ExtraCash
Preliminary Q3 revenue $92.5M (+41% YoY), net income $0.5M (+$12.5M YoY), Adj. EBITDA $24.7M.
Dave Q2 revenue $80.1M (+31% YoY); raises FY 2024 Adj. EBITDA guidance to $40-50M
GAAP net income $6.4M vs -$22.6M YoY; Adj. EBITDA $15.2M vs -$13.1M YoY.
Dave Inc. announces 2024 annual meeting results: all director nominees elected, auditor ratified.
81.6% of shares (10,109,417 of 12,383,368) were represented at the June 3, 2024 annual meeting.
GAAP net income $34.2M vs loss $14.0M in Q1 2023; includes $33.4M gain on FTX note extinguishment.
Q4 GAAP net income of $0.2M (vs -$21.5M YoY); Adjusted EBITDA of $10.0M (vs -$12.8M).
Dave to repurchase $100M convertible note from FTX for $71M cash
Dave Inc. agreed to buy back $100M convertible note issued to FTX in March 2022 for $71M, a 29% discount.
Dave Q3 GAAP rev $65.8M, net loss improves 47% Q/Q; guides to adj EBITDA profitability in Q4
GAAP revenue $65.8M (+16% YoY, +7% Q/Q); Non-GAAP variable profit $37.3M (+51% YoY, +13% Q/Q)
Imran Khan joins Dave board after acquiring 2.5% stake via secondary transaction
Imran Khan, former Snap CSO, appointed to Dave's Board of Directors effective August 8, 2023.
Dave Q2 revenue up 34% to $61.2M; net loss improves 17%; raises variable profit margin outlook
GAAP revenue $61.2M (+34% YoY); net loss improved to $22.6M from $27.1M.
Dave appoints Yadin Rozov to board; Teresa Aragones resigns effective Aug 1, 2023
Yadin Rozov appointed to Dave's Board as Class I director, effective July 6, 2023.
Elected Andrea Mitchell and Dan Preston as Class II directors with ~15.9M votes each, term through 2026.
Dave Q1 revenue $58.9M (+38% YoY); net loss improves 57%; Adj. EBITDA loss down 75% to $4.5M
GAAP revenue $58.9M (+38% YoY); non-GAAP revenue $60.6M (+39%).
Dave sets 2023 annual meeting for June 9; record date April 28
Annual meeting scheduled for June 9, 2023; stockholders of record as of April 28, 2023 can vote.
Q4 GAAP revenue $59.6M (+45% YoY); net loss $21.5M (improved 55% QoQ); adj EBITDA loss $11.8M (improved 59% QoQ).
Dave Inc. effects 1-for-32 reverse stock split to meet Nasdaq bid price requirement
Reverse stock split effective 5:01 PM ET Jan 5, 2023; split-adjusted trading as DAVE on Jan 6.
Dave stockholders approve reverse split (1:5-1:50) and equity plan increase to 86.7M shares
Reverse stock split authorized at board's discretion; ratio range 1-for-5 to 1-for-50, expires Dec 31, 2023.
Dave Q3 revenue +41% to $56.8M, but GAAP net loss widens to $47.5M; FY guidance reiterated
GAAP operating revenue $56.8M (+41% YoY); Non-GAAP revenue $58.6M (+41% YoY).
Dave appoints marketing expert Tesa Aragones to Board of Directors
Tesa Aragones appointed to Board effective August 23, 2022 as Class I director until 2025 annual meeting.
Audit Committee determined prior financials for 2020, 2021, and Q1 2022 should no longer be relied upon.
Dave Inc. restates prior financials; Q2 revenue $47M, adj EBITDA loss $28.5M
Non-reliance on 2021/2020 audited financials and Q1 2022 unaudited financials due to cash flow and earnout accounting errors.
Plans to amend previously filed Form 8-K/A and Q1 10-Q; will restate financial statements related to Cash Flow and Earnout Adjustments.
Dave receives Nasdaq notice for non-compliance with minimum bid price requirement
Received Nasdaq notice on July 27, 2022 for failing minimum bid price of $1.00 for 30 consecutive trading days.
Dismissed Moss Adams as independent auditor effective June 8, 2022; appointed Deloitte & Touche for FY 2022, subject to client acceptance.
Dave Inc. sets 2022 annual meeting for July 27; record date June 3
2022 annual meeting scheduled for July 27, 2022; record date June 3, 2022.
Dave Q1 revenue up 24% but net loss widens to $34.8M; reaffirms FY2022 guidance
GAAP revenue $42.6M (up 24% YoY from $34.4M); non-GAAP revenue $43.7M.
Dave awards 2021 bonuses to CEO Jason Wilk ($100,675) and CFO Kyle Beilman ($67,117)
CEO Wilk received $100,675 non-equity incentive bonus; total 2021 comp $11.0M.
Dave adopts Executive Incentive Bonus Plan for eligible employees, including executives
Plan adopted March 30, 2022, by Compensation Committee; effective same date.
On August 12, 2026, Yadin Rozov notified Dave Inc. (the “Company”) of his decision to resign, for personal reasons, from the Board of Directors (the “Board”) of the Company, effective immediately.
On August 8, 2023, the Board of Directors (the “Board”) of Dave Inc. (the “Company”) appointed Imran Khan to the Board (the “Appointment Date”).
appointed Yadin Rozov to the Board
Teresa Aragones, a director of the Company, informed the Board of her resignation
On August 23, 2022, the Board of Directors (the “Board”) of Dave Inc. (the “Company”) appointed Teresa L. Aragones to the Board (the “Initial Appointment Date”).
On January 31, 2022, the Board of Directors (the “Board”) of Dave Inc. (the “Company”) appointed Michael Pope to the Board.
On January 27, 2022, Charles “Skip” Paul, a director of the Company, informed the Board of his resignation from the Board and Audit Committee, effective immediately.
Max materiality 0.90 · Median 0.70 · Most common event earnings