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AI brief of an SEC Form 8-K · Dave (DAVE)

Dave Q3 revenue rises 63% to $150.8 million; company raises 2025 guidance

Positive Impact 4 of 5 guidance Written later

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.

Key points

  • 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.

The filing

CompanyDave (DAVE)
Form8-K, current report
Filed with the SECNov 4, 2025, 7:06 AM ET
Accession number0001193125-25-263535

Items reported: 2.02 Results of Operations

Read the filing on SEC.gov ↗

Written by AI on Nov 8, 2026, 1:01 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on November 04, 2025.

Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.