Highest-materiality recent filing
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 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 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 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.
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 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%).
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 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).
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 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.
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