For the quarter ending 2025-09-30, DAVE had -$11,798K decrease in cash & cash equivalents over the period. $83,185K in free cash flow.
| Cash Flow | 2025-09-30 | 2025-06-30 |
|---|---|---|
| Revenues | 390,461 | - |
| Provision for credit losses | 65,744 | - |
| Processing and servicing costs | 23,561 | - |
| Financial network and transaction costs | 21,644 | - |
| Advertising and activation costs | 46,297 | - |
| Employee salaries and bonuses | 45,307 | - |
| Capitalized compensation costs | -4,805 | - |
| Stock-based compensation | 23,011 | - |
| Temporary labor and contractors | 4,569 | - |
| Other compensation, benefits and payroll taxes | 10,441 | - |
| Technology and infrastructure | 8,812 | - |
| Other operating expenses | 23,751 | - |
| Total operating expenses | 268,332 | - |
| Interest income | 1,313 | - |
| Interest expense | 5,324 | - |
| Changes in fair value of earnout liabilities | 2,655 | - |
| Changes in fair value of public and private warrant liabilities | 11,657 | - |
| Total other (income) expense, net | -18,323 | - |
| Net income before provision (benefit) for income taxes | 103,806 | - |
| Provision (benefit) for income taxes | -26,118 | - |
| Net income | 92,072 | 37,852 |
| Depreciation and amortization | 1,881 | 3,157 |
| Provision for credit losses | 29,846 | 35,898 |
| Changes in fair value of earnout liabilities | -4,841 | 7,496 |
| Changes in fair value of public and private warrant liabilities | -9,186 | 20,843 |
| Gain on extinguishment of convertible debt | 0 | 0 |
| Stock-based compensation | 7,209 | 15,802 |
| Deferred income taxes | -30,277 | - |
| Non-cash interest | 0 | 0 |
| Non-cash lease expense | -9 | -20 |
| Changes in fair value of marketable securities and investments | 33 | 66 |
| Extracash receivables, service based revenue | 4,705 | 7,909 |
| Prepaid income taxes | 0 | 0 |
| Prepaid expenses and other current assets | 8,087 | 1,719 |
| Accounts payable | 108 | 965 |
| Accrued expenses | -1,882 | 458 |
| Legal settlement accrual | 8,879 | 159 |
| Other current liabilities | 702 | -164 |
| Othernon-currentliabilities | 1,508 | 608 |
| Other non-current assets | 4 | 8 |
| Net cash provided by operating activities | 83,247 | 113,484 |
| Payments for internally developed software costs | 1,704 | 3,101 |
| Purchase of property and equipment | 62 | 164 |
| Net originations, purchases and collections of extracash receivables | 145,567 | - |
| Purchase of investments | 60,883 | 108,849 |
| Sale and maturity of investments | 60,249 | 108,065 |
| Purchase of marketable securities | 1 | 2 |
| Net originations and collections of extracash receivables | - | 77,794 |
| Sale of marketable securities | 100 | 0 |
| Net cash used in investing activities | -70,074 | -81,845 |
| Repurchases of class a common stock | 24,999 | 6,891 |
| Proceeds from issuance of common stock for stock option exercises | 28 | 722 |
| Payment of taxes for shares withheld related to net share settlement | 0 | 13,319 |
| Payment of costs for extinguishment of convertible debt | 0 | - |
| Repayment of borrowings on convertible debt, long-term | 0 | 0 |
| Net cash used in financing activities | -24,971 | -19,488 |
| Net increase (decrease) in cash and cash equivalents and restricted cash | -11,798 | 12,151 |
| Cash and cash equivalents at beginning of period | 51,377 | - |
| Cash and cash equivalents at end of period | 51,730 | - |
Dave Inc. DE (DAVE)
Dave Inc. DE (DAVE)