Every material Form 8-K Dave filed with the SEC in 2025, 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 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
Briefs are written by AI from the filing text (each brief's own page names the model) and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the model's reading of the filing for shareholders, not a price forecast. Not investment advice.
Only material 8-Ks get a brief: results, deals, executive changes, restructuring, impairments, delisting notices, restatements, cybersecurity incidents and other disclosed events. Routine filings (vote results, exhibits only) are skipped. Every Dave filing is on SEC EDGAR ↗. 8-K briefs of other companies →