Financial insights of DAVE

MyFinsight

For the quarter ending 2025-09-30, DAVE made $150,725K in revenue. $92,072K in net income. Net profit margin of 61.09%.

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

Income Statement	2025-09-30	2025-06-30	2025-03-31	2024-09-30
Revenues	150,725	131,757	107,979	92,489
Advertising and marketing	-	-	10,315	12,501
Provision for credit losses	29,846	25,295	10,603	13,680
Processing and servicing costs	9,404	7,170	7,106	8,576
Financial network and transaction costs	7,378	7,227	-	-
Advertising and activation costs	18,911	15,456	-	-
Compensation and benefits	24,842	26,430	27,510	30,763
Technology and infrastructure	3,192	2,894	-	-
Other operating expenses	11,254	6,203	17,296	24,419
Total operating expenses	104,827	90,675	72,830	89,939
Interest income	294	588	431	439
Interest expense	1,789	1,777	1,758	1,964
Changes in fair value of earnout liabilities	-4,841	7,894	-398	-17
Changes in fair value of public and private warrant liabilities	-9,186	20,491	352	203
Total other (income) expense, net	12,532	-29,574	-1,281	-1,711
Net income before provision (benefit) for income taxes	58,430	11,508	33,868	839
Provision (benefit) for income taxes	-33,642	2,468	5,056	373
Net income	92,072	9,040	28,812	466

Basic	6.84	0.68	2.19	0.04
Earnings per share, diluted, total	6.34	0.62	1.97	0.03
Weighted-average shares of common stockbasic	13,457,671	13,364,926	13,126,286	12,639,294
Weighted-average shares of common stockdiluted	14,525,301	14,554,218	14,646,526	13,932,652