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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 |
Neobank Dave Joins the American Fintech Council to Create Financial Inclusivity in Digital Banking
LOS ANGELES , Feb. 13, 2024 /PRNewswire/ -- Dave Inc. (Nasdaq: DAVE), one of the nation's leading neobanks, today announced it has become the newest member of the American Fintech Council (AFC), the premier industry association representing responsible fintech companies and innovative banks....
Dave: Do Not Short The Blistering Rally Of This Neobank
Dave has reversed its previously ailing stock price on the back of strong growth in new members and rising ExtraCash originations. The neobank is currently trading for a 0.97x multiple to sales as it targets near-term profitability. Total members sits...
Dave's Repurchase of FTX Convertible Note for $71 Million Finalized
Note Repurchase at a $35 Million Discount Relative to $105.5 Million Total Liability Transaction Capitalizes on Strength of Balance Sheet and Enhances Ability to Deliver on Strategic Objectives LOS ANGELES , Jan. 30, 2024 /PRNewswire/ -- Dave Inc. ("Dave" or...
Aisera & Dave Launch DaveGPT, a Generative AI Customer Service Assistant to Enable Personalized On-Demand Support
Resolution rate increased to 89% with mobile app GPT experiences PALO ALTO, Calif. , Jan. 16, 2024 /PRNewswire/ -- Aisera , a pioneer of Generative AI solutions for the enterprise, today announced that Dave Inc. (Nasdaq: DAVE), one of the...
Dave Announces Repurchase of $100 million Convertible Note from FTX for $71 million
LOS ANGELES , Jan. 5, 2024 /PRNewswire/ -- Dave Inc. ("Dave" or the "Company") (Nasdaq: DAVE), one of the nation's leading neobanks, today announced it has reached an agreement with FTX Ventures Ltd. ("FTX") to purchase a convertible promissory note...
Dave Inc. (DAVE) Q3 2023 Earnings Call Transcript
Dave Inc. (NASDAQ:DAVE ) Q3 2023 Earnings Conference Call November 7, 2023 4:30 PM ET Company Participants Jason Wilk - CEO Kyle Beilman - CFO Conference Call Participants Gary Prestopino - Barrington Research Operator Good afternoon, everyone, and thank you...
Dave to Report Third Quarter 2023 Results on November 7, 2023 at 4:30 p.m. ET
LOS ANGELES, Oct. 24, 2023 (GLOBE NEWSWIRE) -- Dave Inc. (“Dave” or the “Company”) (Nasdaq: DAVE), one of the nation's leading neobanks, will host a conference call on Tuesday, November 7, 2023 at 4:30 p.m. Eastern time to discuss its...
The inside story of Dave Clark's tumultuous last days at Flexport: Standoffs, politics, and spin
Flexport founder Ryan Petersen claimed in public that Dave Clark's tenure as CEO featured too much spending, but internal documents tell a different story
Dave Amends Credit Facility to Increase Capacity and Advance Rate, Reduce Cost of Funds, and Extend Maturity
LOS ANGELES, Sept. 18, 2023 (GLOBE NEWSWIRE) -- Dave Inc. (“Dave” or the “Company”) (Nasdaq: DAVE), one of the nation's leading neobanks, has amended its existing Delayed Draw Senior Secured Loan Facility (the “Credit Facility”) with Victory Park Capital Advisors,...
Dave Announces John Ricci's Retirement, Names Joan Aristei as Successor and Chief Legal Officer
LOS ANGELES , Sept. 7, 2023 /PRNewswire/ -- Dave Inc. (Nasdaq: DAVE), one of the nation's leading neobanks, today announced that John Ricci, General Counsel, will retire on September 29, 2023.
Source: https://incomestatements.info
Category: Stock Reports