Core Viewpoint - Dave & Buster's Entertainment, Inc. will report its financial results for the first quarter ended May 6, 2025, on June 10, 2025, after market close [1] Group 1: Financial Reporting - The financial results announcement is scheduled for June 10, 2025, after market close [1] - A conference call to discuss the results will take place on the same day at 4:00 p.m. Central Time [2] - Participants can access the conference call via a toll-free number or through the company's website [2] Group 2: Company Overview - Dave & Buster's operates 236 venues across North America, including 175 Dave & Buster's stores and 61 Main Event stores [3] - The company provides a combination of dining and entertainment experiences, allowing guests to "Eat Drink Play and Watch" [3] - Main Event stores offer activities such as bowling, laser tag, and arcade games, catering to families [3]

Momentum investing is all about the idea of following a stock's recent trend, which can be in either direction. In the 'long' context, investors will essentially be "buying high, but hoping to sell even higher." And for investors following this methodology, taking advantage of trends in a stock's price is key; once a stock establishes a course, it is more than likely to continue moving in that direction. The goal is that once a stock heads down a fixed path, it will lead to timely and profitable trades.Even ...

Dave Inc. (DAVE) appears an attractive pick given a noticeable improvement in the company's earnings outlook. The stock has been a strong performer lately, and the momentum might continue with analysts still raising their earnings estimates for the company.The upward trend in estimate revisions for this company reflects growing optimism of analysts on its earnings prospects, which should get reflected in its stock price. After all, empirical research shows a strong correlation between trends in earnings est ...

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 ...