DAVE Q1 2023 Earnings — Dave Inc. Revenue & Financial Results | Market Cap Arena

DAVEDave Inc.

$3B

Q1 2023 Earnings

Technology Software - Application

Income Statement

Revenue

$59M+38.5% YoY

Gross Profit

$27M46.6% margin

Operating Income

-$12M-21.2% margin

Net Income

-$14M-23.8% margin

EPS (Diluted)

$-1.18

QoQ Revenue Growth

-1.1%

Cash Flow

Operating Cash Flow

-$7M

Free Cash Flow

-$9M

Stock-Based Comp.

$7M

Balance Sheet

Total Assets

$305M

Total Liabilities

$205M

Stockholders' Equity

$100M

Cash & Equivalents

$52M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$59M	$43M	+38.5%
Gross Profit	$27M	$18M	+51.5%
Operating Income	-$12M	-$23M	+44.9%
Net Income	-$14M	-$33M	+57.2%

Revenue Segments

Processing Fees

$33M73%

Transaction Based Revenue

$6M14%

Subscriptions

$6M12%

Other

$195,0000%