Dave(DAVE) - 2025 Q2 - Earnings Call Presentation

Financial Highlights - Total revenue for Q2 2025 reached $132 million, a 64% year-over-year increase[36] - Non-GAAP gross profit for Q2 2025 was $92 million, representing a 78% year-over-year growth[36] - Adjusted EBITDA for Q2 2025 was $51 million, a 236% year-over-year increase[36] - The adjusted EBITDA margin expanded by approximately 2,000 basis points year-over-year to 39%[36] - ExtraCash™ origination volume grew 51% year-over-year, reaching $1.793 billion[36] Business Performance - Dave acquired 722,000 new members in Q2 2025, a 27% quarter-over-quarter increase, with a customer acquisition cost (CAC) of $19[45] - Total members reached 129 million in Q2 2025, a 14% year-over-year increase[50] - ExtraCash™ average size is $206[31] Guidance - The company raised its 2025 revenue guidance to $505 - $515 million, representing a 46% - 48% year-over-year growth[38] - The company raised its 2025 adjusted EBITDA guidance to $180 - $190 million, representing a 108% - 120% year-over-year growth[38]