secwatch / observer

Dave Inc./DE — fact timeline

Source-grounded facts extracted from Dave Inc./DE's SEC 8-K filings across all families, newest first. Each cites a verbatim SEC excerpt.

DAVE Dave Inc./DE JSON

Yadin Rozov resigned as Director at Dave Inc./DE.

“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.”
Shareholder Votes

Dave Inc./DE shareholders approved Ratification of Deloitte & Touche LLP at the 2026-06-02 meeting.

“Proposal 4: Ratification of Deloitte & Touche LLP The Company’s stockholders ratified the selection of Deloitte & Touche LLP as the Company’s independent registered public accounting firm for the fiscal year ending December 31, 2026. The votes regarding Proposal 4 were as follows: Votes For Votes Against Votes Abstained Broker Non-Votes 22,358,229 40,988 36,999 —”
Shareholder Votes

Dave Inc./DE shareholders approved Advisory Vote on the Frequency of Future Advisory Votes on Dave's Executive Compensation at the 2026-06-02 meeting.

“Proposal 3: Advisory Vote on the Frequency of Future Advisory Votes on Dave’s Executive Compensation The Company’s stockholders approved, on an advisory basis, the option of every 1 year for the frequency of future advisory votes on Dave’s executive compensation. The votes regarding Proposal 3 were as follows: 1 Year 2 Years 3 Years Votes Abstained Broker Non-Votes 19,948,465 175,469 142,503 19,718 2,150,061”
Shareholder Votes

Dave Inc./DE shareholders approved Advisory Vote to Approve Dave's Executive Compensation at the 2026-06-02 meeting.

“Proposal 2: Advisory Vote to Approve Dave's Executive Compensation The Company’s stockholders approved, on an advisory basis, Dave’s executive compensation. The votes regarding Proposal 2 were as follows: Votes For Votes Against Votes Abstained Broker Non-Votes 19,881,104 374,020 31,031 2,150,061”
Shareholder Votes

Dave Inc./DE shareholders approved Election of Director at the 2026-06-02 meeting.

“Proposal 1: Election of Directors The Company’s stockholders elected the following director to serve as a Class II director until the 2029 annual meeting of stockholders. The votes regarding Proposal 1 were as follows: Nominee Votes For Votes Withheld Broker Non-Votes Dan Preston 17,520,094 2,766,061 2,150,061”
Earnings Releases

Dave Inc./DE reported fiscal year 2026 results: revenue $710 - $720 million, EPS $16.25 - $16.75 per diluted share. Guidance raised.

“2026 Financial Guidance ($ in millions) Prior FY 2026 New FY 2026 GAAP Operating Revenues, Net $690 - $710 $710 - $720 Year-Over-Year Growth 25% - 28% 28% - 30% Adjusted EBITDA* $290 - $305 $305 - $315 Adj. Net Income per Diluted Share* $14.00 - $15.00 $16.25 - $16.75”
Earnings Releases

Dave Inc./DE reported the first quarter ended March 31, 2026 results: revenue $158.4 million, net income $57.9 million, EPS $3.64 per diluted share.

“Dave Reports First Quarter 2026 Financial Results Q1 Revenue Grows 47% Y/Y to $158.4 Million Driven by Continued MTM Growth and ARPU Expansion 28-DPD Rate Reaches Record Q1 Low of 1.69%, While Net Monetization Expands to 5.1%, Marking Its Highest Level in Over Four Years Q1 Net Income Grows 101% Y/Y to $57.9 Million; Adj. EBITDA Increases 57% Y/Y to $69.3 Million”
Equity Issuances

Dave Inc./DE issued convertible note to initial purchasers for $200 million aggregate principal amount.

“On March 5, 2026, the initial purchasers elected to exercise the option in full and a total of $200 million aggregate principal amount of Notes were issued on March 9, 2026.”
Debt Financings

Dave Inc./DE incurred convertible notes of $200 million aggregate principal amount with U.S. Bank Trust Company, National Association at 0% maturing April 1, 2031.

“(the “Additional Notes” and, together with the Base Notes, the “Notes”). On March 5, 2026, the initial purchasers elected to exercise the option in full and a total of $200 million aggregate principal amount of Notes were issued on March 9, 2026. The Notes were offered only to persons reasonably believed to be qualified institutional buyers (as defined in”
Material Agreements

Dave Inc./DE entered into Indenture with U.S. Bank Trust Company, National Association valued at $200 million aggregate principal amount (effective 2026-03-09).

“The Company issued the Notes under an indenture, dated as of March 9, 2026 (the “Indenture”), between the Company and U.S. Bank Trust Company, National Association, as trustee (the “Trustee”).”
Material Agreements

Dave Inc./DE entered into Purchase Agreement with J.P. Morgan Securities LLC, UBS Securities LLC and Evercore Group L.L.C., as representatives of the several initial purchasers valued at $175 million aggregate principal amount (effective 2026-03-04).

“On March 4, 2026, Dave Inc. (the “Company” or “Dave”) entered into a purchase agreement (the “Purchase Agreement”) by and among the Company and J.P. Morgan Securities LLC, UBS Securities LLC and Evercore Group L.L.C., as representatives of the several initial purchasers named therein (collectively, the “Initial Purchasers”), in connection with the Company’s offering of $175 million aggregate principal amount of 0% Convertible Senior Notes due 2031 (the “Notes”)”
Earnings Releases

Dave Inc./DE reported first quarter ended March 31, 2024 results: revenue $73.6 Million, net income $34.2 Million. Guidance raised.

“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”
Earnings Releases

Dave Inc./DE updated its the fourth quarter and full year ended December 31, 2023 guidance (raised).

“On March 5, 2024, Dave Inc. issued a press release announcing its financial results for the quarter and full year ended December 31, 2023.”
Material Agreements

Dave Inc./DE entered into Purchase Agreement with FTX Ventures Ltd. (FTX) valued at $71.0 million (effective 2024-01-04).

“On January 4, 2024, Dave Inc. (the “Company”) entered into a purchase and sale agreement (the “Purchase Agreement”), pursuant to which the Company agreed to purchase a convertible promissory note in the original principal amount of $100.0 million previously issued by the Company to FTX Ventures Ltd. (“FTX”) on March 21, 2022 (the “Note”) for consideration of $71.0 million in cash, subject to adjustments pursuant to certain events specified in the Purchase Agreement (the “Transaction”).”
Earnings Releases

Dave Inc./DE reported third quarter ended September 30, 2023 results: revenue $65.8 million, net income ($12.1). Guidance raised.

“for Non-GAAP Revenue, Non-GAAP Variable Margin and Adjusted EBITDA, Implying Adjusted EBITDA Profitability in Q4 2023 at the Midpoint of the Range Q3 GAAP Revenue up 7% Q/Q to $65.8 Million; Q3 Non-GAAP Variable Profit up 13% Q/Q Q3 Net Loss Improves by 47% Q/Q; Adj. EBITDA Loss Improves 81% Q/Q to $2.5 Million LOS ANGELES, CA – November 7, 2023 – Dave Inc. (“Dave””

Imran Khan was appointed as Director at Dave Inc./DE.

“On August 8, 2023, the Board of Directors (the “Board”) of Dave Inc. (the “Company”) appointed Imran Khan to the Board (the “Appointment Date”).”
Earnings Releases

Dave Inc./DE updated its fiscal year 2023 guidance (raised).

“Dave is raising its Non-GAAP variable profit margin outlook to 47% - 51%, representing a 400 basis point increase from the Company’s previously issued guidance of 43% - 47%, based on the sustainability of improvements made to the Company’s variable cost structure”
Earnings Releases

Dave Inc./DE reported second quarter ended June 30, 2023 results: revenue $61.2 million, net income ($22.6). Guidance raised.

“Q2 GAAP Revenue up 34% Year Over Year to $61.2 Million; Q2 Non-GAAP Variable Profit up 78% Q2 Net Loss Improves by 17% Year Over Year; Adj. EBITDA Loss Improves 54% to $13.1 Million Raising Non-GAAP Variable Profit Margin Outlook to 47% - 51%; Reiterating 2023 Non-GAAP Operating Revenue and Adjusted EBITDA Guidance”

Teresa Aragones resigned as Director at Dave Inc./DE.

“Teresa Aragones, a director of the Company, informed the Board of her resignation”

Yadin Rozov was appointed as Director at Dave Inc./DE.

“appointed Yadin Rozov to the Board”
Shareholder Votes

Dave Inc./DE shareholders approved Approval of a repricing of certain stock options granted under the Dave Inc. 2017 Stock Plan that are held by eligible service providers at the 2023-06-09 meeting.

“Proposal 3: Approval of a Repricing of Certain Stock Options Granted Under the Dave Inc. 2017 Stock Plan. The Company’s stockholders approved the repricing of certain stock options issued under the Dave Inc. 2017 Stock Plan that are held by eligible service providers of the Company. The votes regarding this proposal were as follows: Votes For Votes Against Votes Abstaining Broker Non-Votes 15,752,042 390,766 1,794 6,900,146”
Shareholder Votes

Dave Inc./DE shareholders approved Ratification of Deloitte & Touche LLP as the independent registered public accounting firm for fiscal year ending December 31, 2023 at the 2023-06-09 meeting.

“Proposal 2: Ratification of Deloitte & Touche LLP. The Company’s stockholders ratified the selection of Deloitte & Touche LLP as the Company’s independent registered public accounting firm for the fiscal year ending December 31, 2023. The votes regarding this proposal were as follows: Votes For Votes Against Votes Abstaining 22,891,772 151,600 1,376”
Shareholder Votes

Dave Inc./DE shareholders approved Election of two Class II directors for terms of three years expiring at the 2026 annual meeting at the 2023-06-09 meeting.

“Proposal 1: Election of Directors. The Company’s stockholders elected the following directors to serve as Class II directors until the 2026 annual meeting of stockholders. The votes regarding the election of the directors were as follows: Director Votes For Votes Withheld Broker Non-Votes Andrea Mitchell 15,946,001 198,601 6,900,146 Dan Preston 15,877,593 267,009 6,900,146”
Earnings Releases

Dave Inc./DE reported first quarter ended March 31, 2023 results: revenue $58.9 million, net income ($14.0) million. Guidance reaffirmed.

“Dave Announces First Quarter 2023 Results Q1 GAAP Revenue up 38% Year Over Year to $58.9 Million; Transaction-Based Revenue up 91% Q1 Net Loss Improves by 57% Year Over Year; Adj. EBITDA Loss Reduced 75% to $4.5 Million Reiterates 2023 Financial Outlook and Maintains Nearly $200 Million Available Liquidity”
Earnings Releases

Dave Inc./DE reported the fourth quarter and full year ended December 31, 2022 results: revenue $59.6, net income ($21.5).

“improved profitability.” Quarterly Financial Highlights ($ in millions unless otherwise noted) 4Q21 1Q22 2Q22 3Q22 4Q22 GAAP Operating Revenues, Net $ 41.2 $ 42.6 $ 45.8 $ 56.8 $ 59.6 % Change vs. prior year period 16 % 24 % 23 % 41 % 45 % Non-GAAP Operating Revenues* $ 42.2 $ 43.7 $ 47.0 $ 58.6 $ 61.8 % Change vs. prior year period 16 % 23 % 22 % 41 % 46 %”
Governance Changes

Dave Inc./DE: 公司通过提交修正证书修订公司章程,以1:32的比例进行反向股票分割 (effective 2023-01-05).

“On January 5, 2023, the Company filed with the Secretary of State of the State of Delaware a certificate of amendment (the “Certificate of Amendment”) to amend the Company’s Certificate of Incorporation to effect the Reverse Stock Split as of 5:01 p.m., Eastern Time on January 5, 2023.”
Shareholder Votes

Dave Inc./DE shareholders approved Approval of amendment and restatement of the EIP to increase the number of shares issuable from 41,774,592 to 86,715,222 and make administrative changes..

“The votes regarding this proposal were as follows: Votes For Votes Against Votes Abstaining 515,908,608 14,595,500 698,881”
Shareholder Votes

Dave Inc./DE shareholders approved Approval of amendment to the Company's Second Amended and Restated Certificate of Incorporation to effect a reverse stock split at a ratio of 1-for-5 to 1-for-50, at the discretion of the Board..

“The votes regarding this proposal were as follows: Votes For Votes Against Votes Abstaining 721,920,285 5,477,555 349,900”
Earnings Releases

Dave Inc./DE reported third quarter ended September 30, 2022 results: revenue $ 56.8, net income ($ 47.5 ). Guidance reaffirmed.

“Third Quarter 2022 Financial Highlights: ($ in millions except otherwise noted) 3Q21 4Q21 1Q22 2Q22 3Q22 GAAP Operating Revenues, Net $ 40.2 $ 41.2 $ 42.6 $ 45.8 $ 56.8 % Change vs. prior year period 26 % 16 % 24 % 23 % 41 % Non-GAAP Operating Revenues* $ 41.5 $ 42.2 $ 43.7 $ 47.0 $ 58.6 % Change vs. prior year period 26 % 16 % 23 % 22 % 41 % Non-GAAP variable profit margin* 48 % 48 % 41 % 39 % 42 % GAAP Net loss ($ 7.9 ) ($ 15.2 ) ($ 34.8 ) ($ 27.1 ) ($ 47.5 )”

Teresa L. Aragones was appointed as Director at Dave Inc./DE.

“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”).”

Charles "Skip" Paul resigned as Director at Dave Inc./DE.

“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.”

Michael Pope was appointed as Director at Dave Inc./DE.

“On January 31, 2022, the Board of Directors (the “Board”) of Dave Inc. (the “Company”) appointed Michael Pope to the Board.”

Facts are extracted by an LLM and gated to those whose source quote is present verbatim in the filing text. Coverage is best-effort while backfill and monitoring mature; this is not yet a full-market index. See methodology.