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Complete financial analysis of Dave Inc. (DAVE) income statement, including revenue, profit margins, EPS and key performance metrics. Get detailed insights into the financial performance of Dave Inc., a leading company in the Software – Application industry within the Technology sector.
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Dave Inc. (DAVE)
About Dave Inc.
Dave Inc. provides a suite of financial products and services through its financial service online platform. The company offers Insights, a personal financial management tool to manage income and expenses between paychecks for members; ExtraCash, a free overdraft and short-term credit alternative, which allows members to advance funds to their account and avoid a fee; and Side Hustle, a job application portal. It also provides Dave Banking, a digital checking and demand deposit account. The company was founded in 2015 and is based in West Hollywood, California.
| Metric | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|
| Revenue | 259.09M | 204.80M | 153.00M | 121.80M | 76.23M |
| Cost of Revenue | 123.84M | 31.90M | 23.50M | 21.65M | 15.22M |
| Gross Profit | 135.26M | 172.90M | 129.50M | 100.15M | 61.01M |
| Gross Profit Ratio | 52.20% | 84.42% | 84.64% | 82.23% | 80.04% |
| Research & Development | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| General & Administrative | 94.91M | 103.40M | 49.50M | 22.21M | 9.24M |
| Selling & Marketing | 48.39M | 69.00M | 51.50M | 38.02M | 22.93M |
| SG&A | 143.30M | 172.40M | 101.00M | 60.23M | 32.18M |
| Other Expenses | 0.00 | 134.90M | 75.40M | 41.30M | 27.06M |
| Operating Expenses | 107.11M | 307.30M | 176.40M | 101.53M | 59.23M |
| Cost & Expenses | 301.29M | 339.20M | 199.90M | 123.18M | 74.45M |
| Interest Income | 5.30M | 2.95M | 287.00K | 409.00K | 429.00K |
| Interest Expense | 11.77M | 6.20M | 2.55M | 17.00K | 852.00K |
| Depreciation & Amortization | 5.54M | 6.60M | 3.08M | 1.72M | 805.00K |
| EBITDA | -31.08M | -113.18M | -14.27M | -5.08M | 2.99M |
| EBITDA Ratio | -12.00% | -67.87% | -49.93% | -0.50% | 3.95% |
| Operating Income | -42.20M | -146.13M | -46.90M | -2.33M | 2.21M |
| Operating Income Ratio | -16.29% | -71.35% | -30.65% | -1.91% | 2.89% |
| Total Other Income/Expenses | -6.20M | -60.95M | -13.52M | -6.81M | -445.00K |
| Income Before Tax | -48.40M | -129.00M | -19.90M | -6.81M | 1.33M |
| Income Before Tax Ratio | -18.68% | -62.99% | -13.01% | -5.59% | 1.75% |
| Income Tax Expense | 120.00K | -100.00K | 100.00K | 145.00K | 545.00K |
| Net Income | -48.52M | -128.90M | -20.00M | -6.96M | 787.00K |
| Net Income Ratio | -18.73% | -62.94% | -13.07% | -5.71% | 1.03% |
| EPS | -4.07 | -11.12 | -1.85 | -0.60 | 0.07 |
| EPS Diluted | -4.07 | -11.12 | -1.85 | -0.60 | 0.07 |
| Weighted Avg Shares Out | 11.93M | 11.59M | 10.80M | 11.63M | 11.63M |
| Weighted Avg Shares Out (Dil) | 11.93M | 11.59M | 10.80M | 11.63M | 11.63M |
Dave to Participate at the H.C. Wainwright Global Investment Conference on September 12
LOS ANGELES, Aug. 23, 2023 (GLOBE NEWSWIRE) -- Dave Inc. (“Dave” or the “Company”) (Nasdaq: DAVE), one of the nation's leading neobanks, today announced its management team will participate in the upcoming H.C. Wainwright Global Investment Conference being held September...
Penn spent some $550 million on Barstool Sports. Dave Portnoy got it back for $1.
In February 2020, casino operator and online betting company Penn Entertainment Inc. took a 36% stake in Barstool Sports for $161 million. This year, Penn bought the rest for $388 million.
Dave Inc. (DAVE) Q2 2023 Earnings Call Transcript
Dave Inc. (NASDAQ:DAVE ) Q2 2023 Earnings Conference Call August 8, 2023 4:30 PM ET Company Participants Jason Wilk - Chief Executive Officer Kyle Beilman - Chief Financial Officer Conference Call Participants Operator Good afternoon, everyone, and thank you for...
Dave Portnoy back on the throne at Barstool as Penn teams up with Disney
Dave Portnoy is taking back the reins at Barstool Sports buying back the media company from Penn Entertainment (NASDAQ:PENN), as a side-deal to the casino and betting group's market-shaking new team-up with Disney's (NYSE:DIS) ESPN. Portnoy - the podcaster, social media...
Penn Entertainment Sells Barstool Sports Back To Founder Dave Portnoy In Deal Rebranding Sportsbook As ESPN BET
ESPN will launch a rebranded sports betting sportsbook after it agreed to a $1.5 billion deal with PENN Entertainment.
Entities Managed by Imran Khan to Acquire 2.5% Stake in Dave via Secondary Market Transaction
Former Snap Inc. Chief Strategy Officer to Join Dave's Board of Directors LOS ANGELES , Aug. 8, 2023 /PRNewswire/ -- Dave Inc. ("Dave" or the "Company") (Nasdaq: DAVE), one of the nation's leading neobanks, announced today that Imran Khan, the renowned...
Dave Announces Second Quarter 2023 Results
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...
Dave Announces 4.00% Annual Percentage Yield For Checking and Savings Accounts
Dave offers industry-leading APY for all members to grow their money LOS ANGELES , Aug. 1, 2023 /PRNewswire/ -- Dave (Nasdaq: DAVE), one of the nation's leading neobanks, today announced a 4.00% annual percentage yield (APY) on both Dave Spending and...
Dave Partners with Drew League, LA's Pro-Am Basketball Team
Dave joins as the league's Official Financial Services Partner and first fintech partner LOS ANGELES , July 27, 2023 /PRNewswire/ -- Dave (NASDAQ: DAVE), one of the nation's leading neobanks, announced today an official partnership with the Drew League, Los...
Source: https://incomestatements.info
Category: Stock Reports