Dave Inc. (DAVE) Financial Statements (2025 and earlier)
Company Profile
| Business Address |
1265 SOUTH COCHRAN AVENUE LOS ANGELES, CA 90019 |
| State of Incorp. | |
| Fiscal Year End | December 31 |
| Industry (SIC) | 6199 - Finance Services (benchmarking) |
| More info | Complete Financial Analysis Financial Benchmarking |
Balance Sheet (Statement of Financial Position) ($ in thousands)
| 9/30/2024 MRQ | 12/31/2023 | 12/31/2022 | 12/31/2021 | |||
|---|---|---|---|---|---|---|
| ASSETS | ||||||
| Current Assets | ||||||
| Cash, cash equivalents, and short-term investments | 155,937 | 191,963 | 80 | |||
| Cash and cash equivalents | 41,759 | 22,889 | 80 | |||
| Short-term investments | 114,178 | 169,074 | ||||
| Receivables | 112,846 | 104,183 | ||||
| Prepaid expense | 148 | 831 | 750 | |||
| Other undisclosed current assets | 7,955 | 11,591 | ||||
| Total current assets: | 276,886 | 308,568 | 830 | |||
| Noncurrent Assets | ||||||
| Operating lease, right-of-use asset | 773 | 735 | ||||
| Property, plant and equipment | 1,118 | 1,026 | ||||
| Long-term investments and receivables | 318 | 75 | ||||
| Long-term investments | 318 | 75 | ||||
| Intangible assets, net (including goodwill) | 13,206 | 10,163 | ||||
| Intangible assets, net (excluding goodwill) | 13,206 | 10,163 | ||||
| Asset, held-in-trust | 253,789 | |||||
| Restricted cash and investments | 1,319 | 788 | ||||
| Other noncurrent assets | 403 | 137 | ||||
| Total noncurrent assets: | 17,137 | 12,924 | 253,789 | |||
| TOTAL ASSETS: | 294,023 | 321,492 | 254,619 | |||
| LIABILITIES AND EQUITY | ||||||
| Liabilities | ||||||
| Current Liabilities | ||||||
| Accounts payable and accrued liabilities | 18,111 | 22,383 | 5,036 | |||
| Accounts payable | 5,485 | 11,418 | ||||
| Accrued liabilities | 12,626 | 10,965 | 5,036 | |||
| Debt | 0 | 0 | ||||
| Other liabilities | 3,865 | 4,311 | ||||
| Other undisclosed current liabilities | 3,628 | 9,723 | ||||
| Total current liabilities: | 25,604 | 36,417 | 5,036 | |||
| Noncurrent Liabilities | ||||||
| Long-term debt and lease obligation | 75,000 | 75,000 | ||||
| Long-term debt, excluding current maturities | 75,000 | 75,000 | ||||
| Liabilities, other than long-term debt | 672 | 674 | 8,882 | |||
| Deferred compensation liability, classified | 8,882 | |||||
| Other liabilities | 129 | 124 | ||||
| Operating lease, liability | 543 | 550 | ||||
| Other undisclosed noncurrent liabilities | 105,684 | 102,841 | 16,306 | |||
| Total noncurrent liabilities: | 181,356 | 178,515 | 25,188 | |||
| Total liabilities: | 206,960 | 214,932 | 30,224 | |||
| Equity | ||||||
| Equity, attributable to parent, including: | 87,063 | 106,560 | (29,372) | |||
| Additional paid in capital | 296,733 | 270,037 | ||||
| Accumulated other comprehensive income | 649 | 1,675 | ||||
| Accumulated deficit | (210,320) | (161,803) | (29,372) | |||
| Other undisclosed equity, attributable to parent | 1 | (3,349) | 1 | |||
| Other undisclosed equity | 253,766 | |||||
| Total equity: | 87,063 | 106,560 | 224,394 | |||
| TOTAL LIABILITIES AND EQUITY: | 294,023 | 321,492 | 254,619 | |||
Income Statement (P&L) ($ in thousands)
| 9/30/2024 TTM | 12/31/2023 | 12/31/2022 | 12/31/2021 | ||
|---|---|---|---|---|---|
| Revenues | 259,093 | 204,838 | |||
| Cost of revenue (Provision for Loan, Lease, and Other Losses) | (66,266) | ||||
| Gross profit: | 259,093 | 138,572 | |||
| Operating expenses | (301,293) | (339,233) | |||
| Other undisclosed operating loss | (6,377) | ||||
| Operating income (loss): | (42,200) | (200,661) | (6,377) | ||
| Nonoperating income (expense) (Other Nonoperating Income (Expense)) | (6,197) | 5,422 | 1,107 | ||
| Interest and debt expense | (11,774) | 4,290 | |||
| Income (loss) from continuing operations before equity method investments, income taxes: | (60,171) | (190,949) | (5,270) | ||
| Other undisclosed income (loss) from continuing operations before income taxes | 11,774 | 61,976 | |||
| Income (loss) from continuing operations before income taxes: | (48,397) | (128,973) | (5,270) | ||
| Income tax expense (benefit) | (120) | 67 | |||
| Income (loss) from continuing operations: | (48,517) | (128,906) | (5,270) | ||
| Loss before gain (loss) on sale of properties: | ✕ | ✕ | ✕ | (5,270) | |
| Net income (loss) attributable to parent: | (48,517) | (128,906) | (5,270) | ||
| Preferred stock dividends and other adjustments | 24,127 | ||||
| Net income (loss) available to common stockholders, diluted: | (48,517) | (128,906) | 18,857 | ||
Comprehensive Income ($ in thousands)
| 9/30/2024 TTM | 12/31/2023 | 12/31/2022 | 12/31/2021 | ||
|---|---|---|---|---|---|
| Net income (loss): | (48,517) | (128,906) | (5,270) | ||
| Comprehensive income (loss): | (48,517) | (128,906) | (5,270) | ||
| Other undisclosed comprehensive income (loss), net of tax, attributable to parent | 2,324 | (1,675) | |||
| Comprehensive income (loss), net of tax, attributable to parent: | (46,193) | (130,581) | (5,270) | ||
Statements Sources
The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.