Company Performance - Bright Horizons Family Solutions (BFAM) has gained approximately 16.9% year-to-date, significantly outperforming the average return of 2.5% for the Business Services sector [4] - The Zacks Consensus Estimate for BFAM's full-year earnings has increased by 1.7% over the past quarter, indicating improved analyst sentiment and a stronger earnings outlook [4] - BFAM currently holds a Zacks Rank of 2 (Buy), suggesting a favorable position for potential outperformance in the market [3] Industry Context - Bright Horizons Family Solutions is part of the Business Services sector, which consists of 270 individual stocks and has a Zacks Sector Rank of 4 [2] - Within the Business - Services industry, which includes 26 stocks, BFAM ranks higher with a year-to-date return that exceeds the average gain of 16.8% for this group [6] - In comparison, another stock in the Business Services sector, Dave Inc. (DAVE), has shown a remarkable year-to-date return of 127% and has a Zacks Rank of 1 (Strong Buy) [5][6]

Company Performance - Dave Inc. (DAVE) shares have increased by 112.3% over the past month, reaching a new 52-week high of $201.45 [1] - Since the beginning of the year, DAVE has gained 127%, significantly outperforming the Zacks Business Services sector (2.5%) and the Zacks Technology Services industry (3%) [1] Earnings and Revenue - DAVE has consistently exceeded earnings expectations, reporting EPS of $2.48 against a consensus estimate of $1.54 in its last earnings report [2] - The company is projected to achieve earnings of $8.41 per share on revenues of $466.5 million for the current fiscal year, reflecting a 60.5% increase in EPS and a 34.4% increase in revenues [3] - For the next fiscal year, DAVE is expected to earn $10.68 per share on revenues of $570.73 million, indicating year-over-year changes of 26.93% and 22.34%, respectively [3] Valuation Metrics - DAVE currently trades at 23.5 times the current fiscal year EPS estimates, which is above the peer industry average of 19.9 times [6] - On a trailing cash flow basis, DAVE trades at 39.3 times compared to the peer group's average of 10.3 times, suggesting a premium valuation [6] Zacks Rank and Style Scores - DAVE holds a Zacks Rank of 1 (Strong Buy) due to rising earnings estimates, indicating strong potential for further gains [7] - The company has a Value Score of F, but its Growth and Momentum Scores are both A, resulting in a combined VGM Score of B [6][7] Industry Comparison - The Technology Services industry is performing well, ranking in the top 21% of all industries, providing favorable conditions for DAVE and its peers [10] - Allot Ltd. (ALLT), a peer in the industry, also has a Zacks Rank of 1 and has shown strong earnings performance, indicating a competitive landscape [8][9]

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2025 (I.R.S. Employer Identification No.) OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to _______ Commission file number: 001-40161 DAVE INC. (Exact Name of Registrant as Specified in Its Charter) Delaware 86 ...

Dave Inc. (DAVE) came out with quarterly earnings of $2.48 per share, beating the Zacks Consensus Estimate of $1.54 per share. This compares to earnings of $0.62 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 61.04%. A quarter ago, it was expected that this company would post earnings of $1.09 per share when it actually produced earnings of $2.04, delivering a surprise of 87.16%.Over the last four quarters, the company has su ...

Financial Data and Key Metrics Changes - The company reported record high total revenue of $108 million for Q1 2025, representing a year-over-year growth of 47% [18] - Adjusted EBITDA reached $44.2 million, more than tripling from $13.2 million in Q1 of the previous year, driven by revenue growth and variable margin expansion [25][29] - Non-GAAP variable profit grew 67% year over year to $83.4 million, with variable margin reaching 77%, up nearly 950 basis points year over year [19] Business Line Data and Key Metrics Changes - Monthly transacting members (MTMs) grew 15% year over year to 12.4 million, with a record 2.5 million MTMs engaging in transactions [8][10] - Average revenue per user (ARPU) expanded by 29% year over year, marking the seventh consecutive quarter of double-digit ARPU growth [15][29] - Extra Cash originations exceeded $1.5 billion, representing a 46% year-over-year increase [10] Market Data and Key Metrics Changes - The company transitioned to a new fee structure for Extra Cash, resulting in approximately 60% of total originations being under the new model in Q1 [6][7] - The average size of an Extra Cash origination increased by 21% year over year to $192, with March seeing an average size of over $200 [10][15] Company Strategy and Development Direction - The company focuses on three strategic growth pillars: efficient member acquisition, enhanced member engagement through Extra Cash, and deepening relationships via the Dave Card [7] - A strategic partnership with Coastal Community Bank is expected to enhance product offerings and compliance capabilities, with onboarding of new customers planned for early Q3 [16] - The company is committed to disciplined investments in product development and data capabilities throughout the year [24][86] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the company's ability to manage credit risk through its Cash AI underwriting engine, which allows for real-time credit risk evaluation [12][22] - The company raised its full-year 2025 guidance for revenue to a range of $460 million to $475 million, reflecting a year-over-year growth of 33% to 37% [28] - Management remains optimistic about the demand for products and the potential for further ARPU expansion due to the full rollout of the new fee structure [74] Other Important Information - The company reported a GAAP net income decline to $28.8 million from $34.2 million in Q1 of the previous year, primarily due to a non-recurring gain from a convertible note repurchase [24] - The company has approximately $89.7 million in cash and cash equivalents as of the quarter-end, with a share repurchase program authorized for $50 million [26][27] Q&A Session Summary Question: Update on Extra Cash market share and average advances - Management indicated that the total addressable market for Extra Cash remains large, with 150 million potential users in the U.S. [33] - The increase in advance sizes is expected to provide more flexibility for members without reducing the number of advances taken [34] Question: Correlation between new pricing structure and credit performance - Management reported no adverse effects from the new pricing structure, with credit performance hitting an all-time low and positive customer adaptation [42][43] Question: Guidance on ARPU and MTM growth - Management expects continued growth in MTMs and ARPU, driven by the new pricing structure and optimization of credit offers [46] Question: Customer re-engagement and average origination sizes - Management noted that repeat customers account for 97-98% of dollar value originations, with improvements in credit offerings contributing to larger average origination sizes [85] Question: Increased expenditures for product development - Management confirmed plans for disciplined investments in product development and marketing spend throughout the year [86]

Financial Data and Key Metrics Changes - The company reported record high total revenue of $108 million for Q1 2025, representing a year-over-year growth of 47% [18] - Adjusted EBITDA reached $44.2 million, more than tripling from $13.2 million in Q1 of the previous year, driven by revenue growth and variable margin expansion [24][27] - Non-GAAP variable profit grew 67% year over year to $83.4 million, with variable margin reaching 77%, up nearly 950 basis points year over year [19] Business Line Data and Key Metrics Changes - Monthly transacting members (MTMs) increased by 13% year over year to a record 2.5 million [10] - Average revenue per user (ARPU) expanded by 29% year over year, attributed to the new fee structure [15] - Extra cash originations exceeded $1.5 billion, representing a 46% year-over-year increase [11] Market Data and Key Metrics Changes - The company has approximately 12.4 million total members, reflecting a 15% year-over-year growth [8] - The average size of an extra cash origination expanded by 21% year over year to $192 [11] - The 28-day delinquency rate improved by 33 basis points or 18% year over year to 1.5% [12] Company Strategy and Development Direction - The company is focused on three strategic growth pillars: efficient member acquisition, enhanced member engagement through extra cash, and deepening relationships via the Dave card [7] - A new fee structure was implemented, consisting of a flat 5% fee on all extra cash transactions, which has improved member lifetime value [6] - The company plans to transition to a new banking partner, Coastal Community Bank, to enhance its product offerings and compliance capabilities [16] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the company's ability to manage credit risk and optimize underwriting through the Cash AI system [13] - The company raised its full-year 2025 guidance for both revenue and adjusted EBITDA, reflecting strong momentum and performance [6][27] - Management noted that the tax refund season typically boosts credit performance, and they expect normalization of delinquency rates throughout the year [14][21] Other Important Information - The company has authorized a $50 million share repurchase program, reflecting confidence in its financial strength and growth trajectory [26] - The effective tax rate for the year to date was approximately 15%, with an estimated annual effective tax rate of 21-23% for 2025 [24] Q&A Session Summary Question: Update on market share for Extra Cash and potential impact of larger advances - Management indicated that there is still significant room for growth in the market, with approximately 150 million people in the U.S. potentially using Extra Cash [33] - The increase in advance sizes is expected to provide more flexibility for members without reducing the frequency of advances [34] Question: Correlation between new pricing structure and credit performance - Management reported no adverse effects from the new pricing structure, with credit performance improving positively [42][43] Question: Insights on customer acquisition costs and channels - The increase in customer acquisition cost (CAC) is attributed to a focus on optimizing channels based on lifetime value (LTV) rather than solely minimizing CAC [61] Question: Engagement and growth of the Dave Card - Management noted that there is significant organic synergy between Extra Cash and the Dave Card, with plans to enhance product features to drive further engagement [70] Question: Repeat usage and customer engagement metrics - Approximately 97-98% of dollar value originations come from repeat customers, indicating strong engagement and potential for cross-selling [85]

1Q 25 Earnings Presentation May 8, 2025 Disclaimer FORWARD-LOOKING STATEMENTS This presentation of Dave Inc. ("Dave" or the "Company") includes "forward-looking statements" within the meaning of the "safe harbor" provisions of the U.S. Private Securities Litigation Reform Act of 1995. Forward-looking statements may be identified by the use of words such as "future," "growth," "opportunity," "well-positioned," "forecasts," "intends," "estimates," "seeks," "targets," "anticipates," "remains," "should," "belie ...

Exhibit 99.1 Dave Reports First Quarter 2025 Financial Results Q1 Revenue Hits $108.0 Million, Representing Accelerating Growth of 47% Y/Y Q1 Net Income Reaches $28.8 Million; Adj. EBITDA Increases 235% Y/Y to $44.2 Million Raises 2025 Revenue and Adj. EBITDA Guidance to $460-$475 Million and $155-$165 Million, respectively LOS ANGELES, CA – May 8, 2025 – Dave Inc. ("Dave" or the "Company") (Nasdaq: DAVE), one of the nation's leading neobanks, today reported its financial results for the first quarter ended ...

Financial Performance - Q1 revenue reached $108.0 million, reflecting a year-over-year growth of 47% [1][4] - Net income for Q1 was $28.8 million, while Adjusted EBITDA surged 235% year-over-year to $44.2 million [1][2] - The company raised its 2025 revenue guidance to a range of $460-$475 million and Adjusted EBITDA guidance to $155-$165 million [1][10] Operational Highlights - ExtraCash originations increased by 46% year-over-year to over $1.5 billion, despite typical seasonal demand patterns [3][8] - The 28-day delinquency rate improved by 33 basis points year-over-year, reaching 1.50% [3][8] - Monthly Transacting Members (MTMs) grew by 13% to 2.5 million, with new member acquisition costs remaining efficient at $18 [8] Profitability Metrics - Non-GAAP variable profit for Q1 was $83.4 million, with a variable profit margin of 77%, nearly doubling over the past three years [4][27] - Adjusted net income for Q1 was $36.3 million, compared to $8.1 million in Q1 2024 [30] - The company reported a significant increase in Adjusted EBITDA, which rose to $44.2 million from $13.2 million in the same quarter last year [29] Liquidity and Capital Management - As of March 31, 2025, the company had $89.7 million in cash and cash equivalents, down from $91.9 million at the end of 2024 [9][32] - The Board authorized a $50 million share repurchase program, with over $20 million deployed during the quarter [12]

Group 1 - Dave Inc. (DAVE) is set to release its first-quarter 2025 results on May 8, before market open, and has surpassed the Zacks Consensus Estimate in the last four quarters with an average earnings surprise of 345.7% [1] - The Zacks Consensus Estimate for Dave's revenues is $91.6 million, indicating a 24.5% increase from the same quarter last year, driven by growth in multi-transacting members, stable customer acquisition costs, and improved member retention [3] - The earnings consensus estimate is $1.54 per share, reflecting a more than 100% increase from the year-ago quarter, supported by disciplined cost management [4] Group 2 - Dave's Earnings ESP is -34.85% with a Zacks Rank of 3 (Hold), suggesting that an earnings beat is not predicted this time [5] - Continued growth in engagement with the Dave Card, along with an increase in banking active customers and card spending, is expected to contribute to revenue growth [4]