Every material Form 8-K Dave has filed with the SEC since November 12, 2024, read and summarized by AI: what happened, the key figures, whether it reads positive or negative for shareholders, and how big a deal it is (impact 1-5). Newest first; each brief links to its own page and to the filing on SEC.gov.
Dave Inc. reported third-quarter 2026 results on November 4, 2026, with revenue up 31% year over year to $198 million, and raised its full-year 2026 guidance for revenue, adjusted EBITDA and adjusted diluted EPS. GAAP net income fell 31% to $64 million and adjusted diluted EPS slipped 1% to $4.39, so profit measures moved against the sales gain. The filing also discloses a November 3, 2026 amendment with Coastal Community Bank that allows up to $325 million of ExtraCash receivables to stay on the bank's balance sheet for up to 60 days.
Q3 2026 GAAP revenue was $198 million, up 31% from a year earlier; GAAP net income was $64 million, down 31%.
Adjusted diluted EPS was $4.39, down 1% from $4.45; adjusted EBITDA was $82 million, up 39%.
2026 revenue guidance was raised to $746 million-$750 million from $725 million-$735 million; adjusted EBITDA guidance to $327 million-$330 million from $315 million-$325 million.
Under a Second Amendment to its Coastal Community Bank program agreement, effective November 3, 2026, ExtraCash receivables held on Coastal's balance sheet may reach up to $325 million.
Dave Inc. disclosed that director Yadin Rozov resigned from its Board of Directors, effective immediately, after notifying the company on August 12, 2026. The company said the resignation was for personal reasons and not tied to any disagreement over operations, policies or practices. The filing does not name a replacement, so the board's size and composition after the departure are not stated.
Yadin Rozov notified Dave Inc. of his resignation from the Board on August 12, 2026, effective immediately.
The company states the resignation was for personal reasons and was not related to any disagreement with the company.
The filing does not identify a successor or any replacement director.
Dave Inc. reported second-quarter 2026 revenue of $170.8 million, up 30% from a year earlier, and raised its full-year 2026 revenue, Adjusted EBITDA and Adjusted Diluted EPS guidance. GAAP net income fell 26% to $6.7 million, including $36.9 million of non-cash warrant and earnout remeasurement charges. Higher sales and guidance sit alongside lower GAAP profit, so the results point in mixed directions for shareholders.
Q2 2026 GAAP operating revenues rose 30% to $170.8 million from $131.7 million.
GAAP net income was $6.7 million, down 26% from $9.1 million, including $36.9 million of non-cash warrant and earnout remeasurement charges.
Adjusted EBITDA rose 48% to $75.5 million, a 44% margin.
2026 revenue guidance raised to $725 million–$735 million from $710 million–$720 million; Adjusted Diluted EPS guidance raised to $17.00–$17.50 from $16.25–$16.75.
Dave Inc. reported first-quarter 2026 revenue of $158.4 million, up 47% from a year earlier, and GAAP net income of $57.9 million, up 101%. It raised its full-year 2026 revenue, adjusted EBITDA and adjusted diluted EPS guidance and repurchased $194.9 million of shares in the quarter. Provision for credit losses rose to $26.6 million from $10.6 million, which the company attributed to quarter-end timing.
Q1 2026 revenue was $158.4 million, up from $108.0 million, and GAAP net income was $57.9 million, up from $28.8 million.
Adjusted EBITDA was $69.3 million, up 57%, and adjusted diluted EPS was $3.64, up 64%.
2026 revenue guidance rose to $710 million to $720 million from $690 million to $710 million; adjusted diluted EPS guidance rose to $16.25 to $16.75 from $14.00 to $15.00.
Share repurchases totaled $194.9 million in Q1, and $113.3 million remained under the existing authorization as of the release.
Dave Inc. issued $200 million of 0% convertible senior notes due April 1, 2031, after initial purchasers fully exercised their option for an extra $25 million. The company received net proceeds of approximately $192.1 million, used part of it to buy capped call transactions and repurchase about 0.3 million shares, and plans to use the rest for general corporate purposes, including more buybacks, which matters to shareholders because the notes can add up to 949,340 shares of dilution on conversion, partly offset by the capped calls.
$200 million principal issued March 9, 2026 under a Rule 144A offering; notes mature April 1, 2031
Net proceeds of approximately $192.1 million; $17.3 million spent on capped calls and about $70.5 million used to repurchase about 0.3 million Class A shares
Initial conversion price of approximately $279.13 per share; up to 949,340 shares may be issued on conversion, with capped calls subject to a cap of $421.34 per share
Dave Inc. priced a $175 million offering of 0% convertible senior notes due April 1, 2031, upsized from $150 million, with an option for up to $25 million more. The company estimates net proceeds of $168.0 million and plans to use about $70.5 million to repurchase roughly 334,000 shares, pay $15.1 million for capped call transactions meant to reduce dilution, and fund general purposes including share repurchases.
Principal of $175 million, upsized from $150 million, with an option for up to an additional $25 million; closing expected March 9, 2026.
Initial conversion price of about $279.13 per share, a premium of about 32.5% over the $210.67 closing price on March 4, 2026.
Capped call cap price of $421.34 per share, a 100% premium; capped call cost about $15.1 million.
Concurrent repurchase of about 334,000 shares at $210.67 per share, using about $70.5 million of net proceeds.
Dave Inc. reported fourth-quarter 2025 revenue of $163.7 million, up 62%, and net income of $66.0 million, up 292%, with full-year revenue of $554.2 million and net income of $195.9 million. The company also set 2026 guidance for revenue of $690 million to $710 million and raised its share repurchase authorization to $300 million from $125 million, which matters to shareholders because it signals both continued growth expectations and new capacity to buy back stock.
Q4 2025 revenue was $163.7 million, up 62% from $100.9 million; GAAP net income was $66.0 million versus $16.8 million a year earlier.
Full-year 2025 revenue was $554.2 million, up 60%; full-year GAAP net income was $195.9 million versus $57.9 million in 2024.
2026 guidance calls for revenue of $690 million to $710 million and Adjusted EBITDA of $290 million to $305 million.
The board authorized a new buyback of up to $300 million, replacing the prior $125 million program, under which about $113.2 million remained available.
Dave Inc. said preliminary, unaudited results show 2025 revenue and Adjusted EBITDA above the top end of its guidance, and fourth-quarter 28-day delinquency between 1.95% and 2.00%, better than its prior expectation of below 2.10%. The figures remain subject to year-end closing procedures and could differ from the audited results. Full results and the 2026 outlook are scheduled for March 2, 2026.
Full-year 2025 revenue is expected at $554 million, up 60% from $347 million in 2024 and above the $544-$547 million guidance range.
Full-year 2025 Adjusted EBITDA is expected at $227 million, up from $86 million in 2024 and above the $215-$218 million guidance range.
Fourth-quarter 2025 revenue is expected at $164 million, up 62% from $101 million a year earlier.
Full audited results and the Form 10-K are due March 2, 2026, with a conference call at 5:00 p.m. Eastern time.
Dave Inc. appointed Nima Khajehnouri, a former Vice President of Engineering at Meta, Google and Snap, to its Board of Directors effective January 20, 2026, and to the Audit Committee. Director Imran Khan, who has served on the Board since August 2023, is resigning effective upon his successor's appointment, and the filing states his decision was not related to any disagreement with the Company. The filing also reshuffles leadership roles on the Board, which shareholders may track for governance purposes.
Nima Khajehnouri joined the Board on January 20, 2026, as a Class III director with a term expiring at the 2027 Annual Meeting, and was appointed to the Audit Committee.
Imran Khan, on the Board since August 2023, will resign once his successor is appointed.
Khajehnouri receives a $50,000 director fee for 2026, pro-rated from his start date, plus a restricted stock unit award with a $165,000 grant date value.
Mike Pope was named Lead Independent Director, succeeding Brendan Carroll, and Andrea Mitchell was named Chair of the Nominating and Corporate Governance Committee.
Dave Inc. reported third-quarter 2025 results on November 4, 2025, with revenue of $150.8 million, up 63% from a year earlier, and GAAP net income of $92.0 million, which includes a $27.4 million tax benefit from the release of a valuation allowance. The company raised its 2025 revenue guidance to $544 million to $547 million and its adjusted EBITDA guidance to $215 million to $218 million. Cash, investments and restricted cash fell to $93.6 million from $104.7 million, mainly due to $25 million in share repurchases in the quarter.
Q3 2025 revenue was $150.8 million, up 63% from $92.5 million in Q3 2024.
GAAP net income was $92.0 million, versus $0.5 million a year earlier; adjusted EBITDA was $58.7 million, up 137%.
2025 revenue guidance raised to $544 million to $547 million from $505 million to $515 million.
2025 adjusted EBITDA guidance raised to $215 million to $218 million from $180 million to $190 million.
Dave Inc. reported second-quarter 2025 revenue of $131.7 million, up 64% from a year earlier, and GAAP net income of $9.1 million, up from $6.4 million. The company raised its full-year 2025 revenue and adjusted EBITDA guidance. A separate August 4, 2025 amendment with Coastal Community Bank allows up to $225 million of program receivables to be held on the bank's balance sheet for up to 60 days before sale to Dave.
Q2 2025 GAAP operating revenues of $131.7 million, up 64% from $80.1 million in Q2 2024
GAAP net income of $9.1 million and diluted EPS of $0.62, compared with $6.4 million and $0.47 a year earlier
2025 revenue guidance raised to $505-$515 million from $460-$475 million; adjusted EBITDA guidance raised to $180-$190 million from $155-$165 million
Coastal Community Bank amendment dated August 4, 2025 covers receivables of up to $225 million
Dave Inc. said Kyle Beilman, its Chief Financial Officer and Secretary, has been promoted to Chief Financial Officer and Chief Operating Officer, effective July 11, 2025. The filing also sets out new pay terms for Mr. Beilman, including a base salary increase and equity awards valued at about $1,175,000.
Kyle Beilman named Chief Financial Officer and Chief Operating Officer, effective July 11, 2025, and remains Secretary
Base salary increases from $450,000 to $475,000, effective May 5, 2025, with a target annual cash bonus of 75% of base salary
Target annual long-term incentive opportunity of $4,000,000, plus prorated RSU and PSU awards worth about $1,175,000 as of July 11, 2025
Equity awards vest in full if employment is terminated without cause or for good reason within 3 months before to 12 months after a change in control, subject to a release of claims
Dave Inc. reported first quarter 2025 results on May 8, 2025, with revenue up 47% to $108.0 million and Adjusted EBITDA up 235% to $44.2 million. GAAP net income fell to $28.8 million from $34.2 million, a year-earlier period that included a $33.4 million gain on extinguishment of convertible debt. The company raised its full-year 2025 revenue and Adjusted EBITDA guidance and authorized a $50 million share repurchase program.
Q1 2025 GAAP operating revenues of $108.0 million, up from $73.6 million in Q1 2024
GAAP net income of $28.8 million, down from $34.2 million; the prior-year period included a $33.4 million gain on extinguishment of convertible debt
Adjusted EBITDA of $44.2 million, up 235% from $13.2 million a year earlier
2025 revenue guidance raised to $460-$475 million from $415-$435 million; Adjusted EBITDA guidance raised to $155-$165 million from $110-$120 million
Dave Inc. reported fourth quarter 2024 revenue of $100.9 million, up 38% from a year earlier, and net income of $16.8 million, compared with $0.2 million in the prior-year quarter. The company also issued 2025 guidance of $415 million to $435 million in GAAP operating revenue and $110 million to $120 million in Adjusted EBITDA, a non-GAAP measure.
Q4 2024 GAAP operating revenues, net: $100.9 million, up 38% year over year
Q4 2024 GAAP net income: $16.8 million, versus $0.2 million in Q4 2023; full-year 2024 net income was $57.9 million
Q4 2024 Adjusted EBITDA: $33.4 million, which the company says significantly exceeded the high end of its guidance
2025 guidance: revenue of $415 million to $435 million and Adjusted EBITDA of $110 million to $120 million
Dave Operating LLC, a subsidiary of Dave Inc., entered a Program Agreement dated February 27, 2025 with Coastal Community Bank, under which Coastal will be the sole provider of Program features for new Dave customers and Dave-branded deposit accounts and cards. Dave will market and service the Program, pay Coastal tiered and minimum monthly fees, and receive interchange revenue and customer fees, while Dave Inc. guarantees Dave Operating's obligations under a separate Assurance Agreement. The filing says the arrangement matters because it changes Dave's bank partner structure and carries ongoing fee and guarantee commitments for shareholders.
Program Agreement effective February 27, 2025, with an initial term of about five years
Coastal shares all interchange revenue from Card transactions; Dave pays a tiered fee based on Card transaction volume and a minimum monthly fee absent certain conditions
Coastal may keep up to $100 million of each of certain receivable types on its balance sheet; Dave is responsible for certain charge-offs, third-party fraud losses and first-payment defaults
Existing customers are to transition to Coastal within 24 months after Dave completes beta testing; the press release says customer onboarding could begin as soon as Q2 2025
Dave Inc. reported third-quarter 2024 revenue of $92.5 million, up 41% from a year earlier, and net income of $0.5 million, compared with a net loss of $12.1 million in the same quarter of 2023. The company raised its full-year 2024 revenue guidance to $340 million to $343 million and its Adjusted EBITDA guidance to $71 million to $74 million, which is a positive signal for shareholders on both growth and profitability.
Q3 2024 revenue was $92.5 million, up 41% year over year, and net income was $0.5 million versus a $12.1 million loss in Q3 2023.
Q3 2024 Adjusted EBITDA was $24.7 million, compared with a $2.5 million loss in Q3 2023.
Full-year 2024 revenue guidance was raised to $340 million to $343 million from $310 million to $325 million.
Full-year 2024 Adjusted EBITDA guidance was raised to $71 million to $74 million from $40 million to $50 million.
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