DAVEW

EX-99.1

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EX-99.1

EX-99.1

Exhibit 99.1

Dave Reports Second Quarter 2026 Financial Results

Q2 Revenue Grows 30% Y/Y to $170.8 Million Driven by Continued MTM Growth and ARPU Expansion

28-DPD Rate Improves 14 Basis Points Y/Y to 2.12%, While ExtraCash Originations Grew 27% Y/Y to $2.3 Billion

Net Income of $6.7 Million Includes $36.9 Million of Non-Cash Warrant and Earnout Remeasurement Charges

Adj. EBITDA Increases 48% Y/Y to $75.5 Million, Representing a 44% Margin

Raises 2026 Revenue, Adj. EBITDA and Adj. Diluted EPS Guidance

LOS ANGELES, CA – August 5, 2026 – Dave Inc. (“Dave” or the “Company”) (Nasdaq: DAVE), one of the nation's leading neobanks, today reported its financial results for the second quarter ended June 30, 2026.

“We closed the first half with our ninth consecutive quarter of at least 30% year-over-year revenue growth as we once again demonstrated the strength and durability of our business,” said Jason Wilk, Founder and CEO of Dave. “The rollout of CashAI v6.0, alongside the relaxing of legacy fee caps and planned higher ExtraCash limits, gives us even greater conviction in our ARPU outlook. In addition, early engagement with Dave Flex has been promising and we continue to expand test cohorts. At the same time, we expect MTM growth to accelerate in the second half of 2026, supported by strong member acquisition trends.”

Wilk continued, “Based on our strong first-half performance, the depth of our product roadmap, and the significant operating leverage we continue to see in our model, we are raising our full-year 2026 guidance for Revenue, Adjusted EBITDA, and Adjusted Diluted EPS.”

Quarterly Financial Highlights ($ in millions, except for per share amounts, unaudited)

2Q25

3Q25

4Q25

1Q26

2Q26

GAAP Operating Revenues, Net

$131.7

$150.8

$163.7

$158.4

$170.8

% Change vs. prior year period

64%

63%

62%

47%

30%

Non-GAAP Gross Profit*

$92.0

$104.2

$121.9

$114.4

$123.8

% Change vs. prior year period

78%

62%

68%

37%

34%

Non-GAAP Gross Profit Margin*

70%

69%

74%

72%

72%

Change vs. prior year period

500 bps

0 bps

300 bps

(500) bps

300 bps

GAAP Net Income

$9.1

$92.0

$66.0

$57.9

$6.7

% Change vs. prior year period

42%

19,658%

292%

101%

-26%

Adjusted Net Income*(1)

$40.5

$64.6

$53.3

$52.3

$56.4

% Change vs. prior year period

290%

208%

92%

61%

39%

Adjusted EBITDA*(1)

$50.9

$58.7

$72.9

$69.3

$75.5

% Change vs. prior year period

236%

137%

118%

57%

48%

Adj. Net Income per Diluted Share*(1)

$2.78

$4.45

$3.69

$3.64

$4.12

% Change vs. prior year period

263%

196%

93%

64%

48%

*Non-GAAP measures. See reconciliation of non-GAAP measures at the end of the press release.

(1) Beginning in the second quarter of 2026, the Company updated its definitions of Adjusted Net Income and Adjusted EBITDA to exclude: (i) other strategic financing and transactional expenses and (ii) litigation expenses related to the FTC/DOJ matter; Adjusted EBITDA was further updated to exclude (iii) funding costs. Prior periods have not been recast because the effect of these items on such periods was immaterial.

Second Quarter 2026 Operating Highlights (vs. Second Quarter 2025)

• New members increased 32% to 951,000, at a customer acquisition cost of $19

• Monthly Transacting Members (“MTMs”) increased 17% to 3.08 million

• ExtraCash originations increased 27% to $2.3 billion, while ExtraCash Monetization Rate Net of Losses expanded nearly 9 basis points to 4.8%

• 28-day past due rate improved 6% to 2.12%

• Dave Debit Card spend increased 7% to $530 million

Liquidity Summary

As of June 30, 2026, the Company had $254.4 million in cash and cash equivalents, investments, and restricted cash, compared to $177.8 million as of March 31, 2026. The $76.6 million increase was primarily driven by $93.0 million funded through the Coastal Community Bank arrangement, offset by $19.1 million of share repurchases during the quarter, leaving $94.1 million available under the Company’s share repurchase authorization.

2026 Financial Guidance ($ in millions)

Prior FY 2026

New FY 2026

GAAP Operating Revenues, Net

$710 - $720

$725 - $735

Year-Over-Year Growth

28% - 30%

31% - 33%

Adjusted EBITDA*

$305 - $315

$315 - $325

Adj. Net Income per Diluted Share*

$16.25 - $16.75

$17.00 - $17.50

*Non-GAAP measure. The Company does not provide a quantitative reconciliation of forward-looking non-GAAP financial measures because it is unable to predict without unreasonable effort the exact amount or timing of the reconciling items, including interest expense, investment income, and loss provision, among others. The variability of these items could have a significant impact on our future GAAP financial results.

Dave's CFO and COO, Kyle Beilman, commented: “This quarter demonstrated the quality of our earnings growth. Non-GAAP gross margin expanded nearly 300 basis points year-over-year to 72%. Credit performance remained strong, with our

EX-99.1

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EX-99.1

EX-99.1

Exhibit 99.1

Dave Reports First Quarter 2026 Financial Results

Q1 Revenue Grows 47% Y/Y to $158.4 Million Driven by Continued MTM Growth and ARPU Expansion

28-DPD Rate Reaches Record Q1 Low of 1.69%, While Net Monetization Expands to 5.1%, Marking Its Highest Level in Over Four Years

Q1 Net Income Grows 101% Y/Y to $57.9 Million; Adj. EBITDA Increases 57% Y/Y to $69.3 Million

Deploys Approximately $195 Million in Share Repurchase Activity, Representing 7.0% of Shares Outstanding

Raises 2026 Revenue, Adj. EBITDA and Adj. Diluted EPS Guidance

LOS ANGELES, CA – May 5, 2026 – Dave Inc. (“Dave” or the “Company”) (Nasdaq: DAVE), one of the nation’s leading neobanks, today reported its financial results for the first quarter ended March 31, 2026.

“We delivered another exceptional quarter to start the year, driven by record credit performance and consistent strong execution against our growth algorithm,” said Jason Wilk, Founder and CEO of Dave. “Our 28-Day Past Due rate improved both sequentially and year-over-year to 1.69%, the lowest Q1 rate in company history. Despite the typical dynamics of tax refund season and elevated refunds, demand remained strong with 18% year-over-year MTM and 24% year-over-year ARPU expansion – both above our stated targets. These results are the product of years of significant investments in CashAI and the continued innovation and excellence delivered by our team.”

Wilk continued, “We also began member testing of our new Pay in 4 card product in early April. We believe our underwriting advantage with CashAI differentiates us in the credit card and BNPL market and will further position us to drive the next phase of significant growth.”

Quarterly Financial Highlights ($ in millions, except for per share amounts, unaudited)

1Q25

2Q25

3Q25

4Q25

1Q26

GAAP Operating Revenues, Net

$108.0

$131.7

$150.8

$163.7

$158.4

% Change vs. prior year period

47%

64%

63%

62%

47%

Non-GAAP Gross Profit*

$83.4

$92.0

$104.2

$121.9

$114.4

% Change vs. prior year period

67%

78%

62%

68%

37%

Non-GAAP Gross Profit Margin*

77%

70%

69%

74%

72%

Change vs. prior year period

900 bps

500 bps

0 bps

300 bps

(500) bps

GAAP Net Income

$28.8

$9.1

$92.0

$66.0

$57.9

% Change vs. prior year period

(16%)

42%

19,658%

292%

101%

Adjusted Net Income*

$32.5

$40.5

$64.6

$53.3

$52.3

% Change vs. prior year period

208%

290%

208%

92%

61%

Adjusted EBITDA*

$44.2

$50.9

$58.7

$72.9

$69.3

% Change vs. prior year period

235%

236%

137%

118%

57%

Adj. Net Income per Diluted Share*

$2.22

$2.78

$4.45

$3.69

$3.64

% Change vs. prior year period

177%

263%

196%

93%

64%

*Non-GAAP measures. See reconciliation of non-GAAP measures at the end of the press release.

First Quarter 2026 Operating Highlights (vs. First Quarter 2025)

• New members increased 22% to 695,000, at a customer acquisition cost of $18

• Monthly Transacting Members (“MTMs”) increased 18% to 2.99 million

• ExtraCash originations increased 37% to $2.1 billion, while ExtraCash Monetization Rate Net of Losses expanded nearly 40 basis points to 5.1%

• Average 28-day past due rate of 1.69% versus 1.70%

• Dave Debit Card spend increased 9% to $534 million

Liquidity Summary

As of March 31, 2026, the Company had $177.8 million in cash and cash equivalents, investments, and restricted cash, compared to $123.2 million as of December 31, 2025. The $54.6 million increase was primarily driven by $82.0 million of net cash provided by operating activities and $175.7 million of net proceeds from our convertible notes offering (net of $24.3 million paid for the capped call transactions, purchasers’ discounts and transaction costs), partially offset by $186.7 million of share repurchases and $8.2 million in tax payments related to the net share settlement of equity awards.

The Company maintains $113.3 million of remaining capacity under its existing share repurchase authorization and expects to continue deploying capital opportunistically, subject to market conditions.

2

2026 Financial Guidance ($ in millions)

Prior FY 2026

New FY 2026

GAAP Operating Revenues, Net

$690 - $710

$710 - $720

Year-Over-Year Growth

25% - 28%

28% - 30%

Adjusted EBITDA*

$290 - $305

$305 - $315

Adj. Net Income per Diluted Share*

$14.00 - $15.00

$16.25 - $16.75

*Non-GAAP measure. The Company does not provide a quantitative reconciliation of forward-looking non-GAAP financial measures because it is unable to predict without unreasonable effort the exact amount or timing of the reconciling items, including interest expense, investment income, and loss provision, among others. The variability of these items could have a significant impact on our future GAAP financial results.

Dave’s CFO and COO, Kyle Beilman, commented: “Q1 was another quarter where we demonstrated the quality and consistency of our business model and the excellent execution of our team. Our Net Monet

EX-99.1

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EX-99.1

EX-99.1

Exhibit 99.1

Dave Reports Fourth Quarter & Full Year 2025 Financial Results

Q4 Revenue Increases 62% to $163.7 Million; FY 2025 Revenue Increases 60% to $554.2 Million

Q4 Net Income Grows 292% to $66.0 Million; FY 2025 Net Income Increases 238% to $195.9 Million

Q4 Adj. EBITDA Increases 118% to $72.9 Million; FY 2025 Adj. EBITDA Increases 162% to $226.7 Million

Establishes 2026 Outlook Reflecting Revenue Growth of 25% - 28% with Expanding Adj. EBITDA Margins

Increases Share Repurchase Authorization from $125 Million to $300 Million

LOS ANGELES, CA – March 2, 2026 – Dave Inc. (“Dave” or the “Company”) (Nasdaq: DAVE), one of the nation’s leading neobanks, today reported its financial results for the fourth quarter and full year ended December 31, 2025.

“We closed 2025 with another record quarter, marking our third consecutive period of 60%+ year-over-year revenue growth,” said Jason Wilk, Founder and CEO of Dave. “We once again demonstrated the durability of our growth algorithm, as ARPU expanded 36% year-over-year and monthly transacting members (“MTMs”) accelerated 19%. Our 2.9 million MTMs are still a small fraction of what we estimate to be the overall 185 million customer TAM, and we believe we’re still early in our journey to drive incremental ARPU through underwriting enhancements, ExtraCash features and pricing, and new credit products. These factors give us tremendous confidence that we can continue to deliver strong growth for many years to come.

“Powered by CashAI v5.5 of our underwriting engine, we reduced our 28-day past due rate significantly even as originations grew by 50%. This combination of delivering what we believe are the most competitive credit offers for our members while generating strong and improving unit economics creates an increasingly powerful moat around our business.

“We have entered 2026 in a position of great strength. Regardless of the broader macroeconomic environment, we believe we are very well-positioned to continue scaling profitably.”

Quarterly Financial Highlights ($ in millions, except for per share amounts, unaudited)

4Q24

1Q25

2Q25

3Q25

4Q25

GAAP Operating Revenues, Net

$100.9

$108.0

$131.7

$150.8

$163.7

% Change vs. prior year period

38%

47%

64%

63%

62%

Non-GAAP Gross Profit*

$72.6

$83.4

$92.0

$104.2

$121.9

% Change vs. prior year period

58%

67%

78%

62%

68%

Non-GAAP Gross Profit Margin*

72%

77%

70%

69%

74%

Change vs. prior year period

900 bps

900 bps

500 bps

0 bps

300 bps

GAAP Net Income

$16.8

$28.8

$9.1

$92.0

$66.0

% Change vs. prior year period

9,289%

(16%)

42%

19,658%

292%

Adjusted Net Income*(1)

$27.8

$32.5

$40.5

$64.6

$53.3

% Change vs. prior year period

NM

208%

290%

208%

92%

Adjusted EBITDA*

$33.4

$44.2

$50.9

$58.7

$72.9

% Change vs. prior year period

234%

235%

236%

137%

118%

Adj. Net Income per Diluted Share*(1)

$1.91

$2.22

$2.78

$4.45

$3.69

% Change vs. prior year period

NM

177%

263%

196%

93%

*Non-GAAP measures. See reconciliation of non-GAAP measures at the end of the press release. NM = not meaningful. (1) Prior period Adjusted Net Income has been updated to include the income tax effect of stock-based compensation, conforming to the current period presentation.

Fourth Quarter 2025 Operating Highlights

• New Members came in at 867,000, at a customer acquisition cost of $20

• MTMs increased 19% Y/Y to 2.93 million

• ExtraCash originations increased 50% Y/Y to $2.2 billion, while ExtraCash Monetization Rate Net of Losses expanded 29 basis points to a record 4.8%

• Average 28-day past due rate improved 12% or 26 basis points Q/Q to 1.89%

• Dave Debit Card spend increased 17% Y/Y to $534 million

2

Annual Financial Highlights ($ in millions)

FY 2024

FY 2025

GAAP Operating Revenues, Net

$347.1

$554.2

% Change vs. prior year

34%

60%

Non-GAAP Gross Profit*

$238.5

$401.5

% Change vs. prior year

59%

68%

Non-GAAP Gross Profit Margin*

69%

72%

Change vs. prior year

1,100 bps

400 bps

GAAP Net Income

$57.9

$195.9

% Change vs. prior year

NM

238%

Adjusted Net Income*(1)

$69.7

$190.9

% Change vs. prior year period

NM

174%

Adjusted EBITDA*

$86.5

$226.7

% Change vs. prior year period

NM

162%

*Non-GAAP measures. See reconciliation of non-GAAP measures at the end of the press release. NM = not meaningful. (1) Prior period Adjusted Net Income has been updated to include the income tax effect of stock-based compensation, conforming to the current period presentation.

Liquidity Summary

As of December 31, 2025, the Company had $123.2 million in cash and cash equivalents, marketable securities, investments, and restricted cash, compared to $93.6 million as of September 30, 2025. The increase is largely due to higher free cash flow generation, partially offset by higher receivables balances and $11.8 million in share repurchases. The Company did not increase utilization of its credit facili