DAVE Q2 2023 Earnings — Dave Inc. Revenue & Financial Results | Market Cap Arena

DAVEDave Inc.

$3B

Q2 2023 Earnings

Technology Software - Application

Income Statement

Revenue

$61M+33.7% YoY

Gross Profit

$30M49.1% margin

Operating Income

-$21M-34.2% margin

Net Income

-$23M-36.9% margin

EPS (Diluted)

$-1.90

QoQ Revenue Growth

+3.9%

Cash Flow

Operating Cash Flow

$10M

Free Cash Flow

$7M

Stock-Based Comp.

$7M

Balance Sheet

Total Assets

$296M

Total Liabilities

$212M

Stockholders' Equity

$84M

Cash & Equivalents

$49M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$61M	$46M	+33.7%
Gross Profit	$30M	-$923,000	+3358.0%
Operating Income	-$21M	-$53M	+60.5%
Net Income	-$23M	-$27M	+16.6%

Revenue Segments

Processing Fees

$36M75%

Transaction Based Revenue

$6M13%

Subscriptions

$5M11%

Other

$449,0001%