Dave Reports Fourth Quarter & Full Year 2025 Financial Results

litigation expenses——4.57.0Gain on extinguishment of convertible debt———(33.4)Changes in fair value of earnout liabilities0.60.93.31.0Changes in fair value of public and private warrant liabilities(1.8)1.39.91.7Income tax benefit related to the release of the valuation allowance(5.2)—(32.6)—Income tax expense (benefit) related to stock based compensation(12.7)(1.8)(18.7) (2.8)Income tax expense related to gain on extinguishment of convertible debt—0.5—1.0Adjusted net income$ 53.3$ 27.8$ 190.9$ 69.7Adjusted ...