Dave Inc. Income Statement

Financials in millions USD. Fiscal year is January - December.

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep '25 Sep 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Revenue	491.3	347.08	259.09	204.84	153.01	121.8
Revenue Growth (YoY)	53.84%	33.96%	26.49%	33.87%	25.63%	59.78%
Cost of Revenue	139.68	137.41	123.84	135.38	65.52	42.26
Gross Profit	351.63	209.67	135.26	69.46	87.49	79.54
Selling, General & Admin	53.26	45.25	48.72	71.22	60.36	40.17
Other Operating Expenses	72.86	75.18	70.35	63.67	74.01	40.76
Operating Expenses	208.5	175.06	177.46	201.16	134.37	80.92
Operating Income	143.12	34.61	-42.2	-131.7	-46.88	-1.38
Interest Expense	-7.17	-7.99	-11.77	-9.2	-2.55	-0.02
Interest & Investment Income	1.83	2.98	5.3	2.95	0.29	0.41
Other Non Operating Income (Expenses)	-12.98	-1.73	0.26	4.03	30.91	-1.36
EBT Excluding Unusual Items	124.8	27.88	-48.42	-133.91	-18.23	-2.35
Asset Writedown	-	-	-	-2.7	-	-
Legal Settlements	-	-	-	-6.28	-1.67	-4.47
Other Unusual Items	-3.5	32.48	0.02	13.92	-	-
Pretax Income	121.3	60.35	-48.4	-128.97	-19.9	-6.81
Income Tax Expense	-25.43	2.48	0.12	-0.07	0.1	0.15
Net Income	146.73	57.87	-48.52	-128.91	-19.99	-6.96
Net Income to Common	146.73	57.87	-48.52	-128.91	-19.99	-6.96
Shares Outstanding (Basic)	13	13	12	12	4	4
Shares Outstanding (Diluted)	15	14	12	12	4	4
Shares Change (YoY)	9.78%	15.82%	2.99%	171.58%	10.80%	-50.27%
EPS (Basic)	11.12	4.62	-4.07	-11.12	-4.69	-1.81
EPS (Diluted)	10.12	4.19	-4.07	-11.12	-4.69	-1.92
Free Cash Flow	238.17	124.88	33.07	-45.61	-0.91	21.51
Free Cash Flow Per Share	16.42	9.03	2.77	-3.94	-0.21	5.58
Gross Margin	71.57%	60.41%	52.20%	33.91%	57.18%	65.31%
Operating Margin	29.13%	9.97%	-16.29%	-64.29%	-30.64%	-1.13%
Profit Margin	29.87%	16.67%	-18.73%	-62.93%	-13.07%	-5.71%
Free Cash Flow Margin	48.48%	35.98%	12.76%	-22.27%	-0.60%	17.66%
EBITDA	143.6	35.39	-41.56	-130.86	-46.62	-1.26
EBITDA Margin	29.23%	10.20%	-16.04%	-63.89%	-30.47%	-1.04%
D&A For EBITDA	0.48	0.78	0.64	0.83	0.26	0.12
EBIT	143.12	34.61	-42.2	-131.7	-46.88	-1.38
EBIT Margin	29.13%	9.97%	-16.29%	-64.29%	-30.64%	-1.13%
Effective Tax Rate	-	4.11%	-	-	-	-
Revenue as Reported	491.3	347.08	259.09	204.84	153.01	121.8
Advertising Expenses	-	44.9	48.39	69.04	51.45	38.02

Updated Nov 4, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.

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