Overview

* Dave ( DAVE ) Q2 revenue up 64% yr/yr to $131.7 mln, adjusted EPS beats estimates

* Net income rises 42% yr/yr to $9.1 mln; adjusted net income up 233%

* Co raises FY 2025 revenue and adjusted EBITDA guidance, reflecting strong momentum

Outlook

* Dave ( DAVE ) raises 2025 revenue guidance to $505-$515 mln

* Company increases 2025 adjusted EBITDA outlook to $180-$190 mln

* Dave ( DAVE ) expects 2025 revenue growth of 46%-48%

* Company anticipates 2025 adjusted EBITDA growth of 108%-120%

Result Drivers

* ARPU EXPANSION - Revenue growth driven by a step-change in Average Revenue Per User expansion

* MEMBER GROWTH - Continued momentum in Monthly Transacting Member growth contributed to revenue increase

* NEW FEE STRUCTURE - Full-quarter benefit of new fee structure enhanced profitability, per CEO Jason Wilk

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

Q2 $131.70

Revenue mln

Q2 Beat $3.14 $1.51 (5

Adjusted Analysts

EPS )

Q2 Net $9.1 mln

Income

Q2 $50.90

Adjusted mln

EBITDA

Press Release:

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)