dave: the income statement

MyFinsight

Dave Inc. DE (DAVE)

For the quarter ending 2025-06-30, DAVE made $131,757K in revenue. $9,040K in net income. Net profit margin of 6.86%.

Unit: Thousand (K) dollars (except for numbers of shares and EPS)

	2025-06-30	2025-03-31	2024-09-30
Revenues	131,757	107,979	92,489
Interest income	588	431	439
Interest expense	1,777	1,758	1,964
Changes in fair value of public and private warrant liabilities	20,491	352	203
Changes in fair value of earnout liabilities	7,894	-398	-17
Total other expense (income), net	-29,574	-1,281	-1,711
Advertising and marketing	-	10,315	12,501
Provision for credit losses	25,295	10,603	13,680
Other operating expenses	6,203	17,296	24,419
Compensation and benefits	26,430	27,510	30,763
Technology and infrastructure	2,894	-	-
Processing and servicing costs	7,170	7,106	8,576
Financial network and transaction costs	7,227	-	-
Advertising and activation costs	15,456	-	-
Total operating expenses	90,675	72,830	89,939
Net income before provision (benefit) for income taxes	11,508	33,868	839
Provision (benefit) for income taxes	2,468	5,056	373
Net income	9,040	28,812	466

Basic	0.68	2.19	0.04
Earnings per share, diluted, total	0.62	1.97	0.03
Weighted-average shares of common stockbasic	13,364,926	13,126,286	12,639,294
Weighted-average shares of common stockdiluted	14,554,218	14,646,526	13,932,652

Unit: Thousand (K) dollars (except for numbers of shares and EPS)