#1Dave Ⓡ 3Q22 Earnings Presentation November 10, 2022 Dave Welcome, Michael! Available balance $100 **** **** **** 1184 ExtraCash advances You're approved for $175! Dave Reach your goals faster Save every time you spend with Round Up McDonald's Get $20 back when you spend $200 A Home (3) Accounts • ExtraCash + & Grow Get an ExtraCash™ advance up to $500* Subject to eligibility requirements and opening an ExtraCash account. G Home ExtraCash™ FAQS Get started D Accounts ExtraCash Grow#2Disclaimer REGARDING FORWARD-LOOKING STATEMENTS FORWARD-LOOKING STATEMENTS This presentation of Dave Inc. ("Dave" or the "Company") includes "forward-looking statements" within the meaning of the "safe harbor" provisions of the U.S. Private Securities Litigation Reform Act of 1995. Forward-looking statements may be identified by the use of words such as "future," "growth," "opportunity," "well-positioned," "forecast," "intend," "seek," "target," "anticipate," "believe," "expect," "estimate," "plan," "outlook," and "project" and other similar expressions that predict or indicate future events or trends or that are not statements of historical matters. Such forward-looking statements include, but are not limited to, projected financial information, statements regarding estimates and forecasts of other financial and performance metrics, projected costs, and projections of market opportunity. Such forward-looking statements with respect to revenues, earnings, performance, strategies, prospects and other aspects of the business of Dave are based on current expectations that are subject to risks and uncertainties. These statements are based on various assumptions, whether or not identified in this presentation, and on the current expectations of Dave's management and are not predictions of actual performance. These forward-looking statements are provided for illustrative purposes only and are not intended to serve as, and must not be relied on by any investor as, a guarantee, an assurance, a prediction or a definitive statement of fact or probability. A number of factors could cause actual results or outcomes to differ materially from those indicated by such forward-looking statements. These factors include, but are not limited to: the highly competitive industries in which Dave competes; the rapid technological developments in Dave's industry necessary to continue providing Dave's members with new and innovative products and services; if a substantial number of Dave members fail to repay the cash advance they receive; Dave may not be able to scale its business quickly enough to meet Dave members' growing needs; Dave's ability to acquire new members and retain current members or sell additional functionality and services to them; Dave may never achieve or sustain profitability; the uncertain regulatory environment in which Dave operates; Dave may be subject to governmental investigations or other inquiries by state, federal and local governmental authorities; the financial services industry continues to be targeted by new laws or regulations in many jurisdictions in which we operate; extensive regulation and oversight in a variety of areas, including registration and licensing requirements under federal, state and local laws and regulations; stringent and changing laws and regulations relating to privacy and data protection; Dave's ability to remediate the material weakness in its internal controls over financial reporting: Dave's forecasted operating results and projections rely in large part upon assumptions, analyses and internal estimates developed by Dave's management; fraudulent and other illegal activity involving Dave's products and services; a data security breach could expose us to liability and protracted and costly Dave's ability to maintain the listing Class A common stok on Nasdaq; Dave's management has limited experience operating a public company; Dave transfers funds to members daily, which in aggregate comprise substantial sums, and are subject to the risk of errors; Dave has guaranteed up to $50,000,000 of one of its subsidiary's obligations under a credit facility, and currently that limited guaranty is secured by a first-priority lien against substantially all of Dave's assets; if key banking relationships are terminated, Dave may not able to secure or successfully migrate client portfolios to a new bank partner or partners; Dave depends upon several third-party service providers for processing its transactions and providing other important services; Dave's recent rapid growth, including growth in Dave's volume of payments, may not be indicative of future growth. You are cautioned not to place undue reliance upon any forward-looking statements, including the projections, which speak only as of the date made. Dave does not undertake any commitment to update or revise the forward-looking statements, whether as a result of new information, future events or otherwise. Accordingly, forward-looking statements, including any projections or analysis, should not be viewed as factual and should not be relied upon as an accurate prediction of future results. The forward-looking statements contained in this presentation are based on the Company's current expectations and beliefs concerning future developments and their potential effects on Dave. These forward-looking statements involve a number of risks, uncertainties (some of which are beyond our control), or other assumptions that may cause actual results or performance to be materially different from those expressed or implied by these forward-looking statements. Should one or more of these risks or uncertainties materialize, or should any of management's assumptions prove incorrect, actual results may vary in material respects from those projected in these forward-looking statements. Dave does not undertake any obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as may be required under applicable securities laws. Accordingly, you should not put undue reliance on these statements. USE OF PROJECTIONS This presentation contains financial forecasts with respect to certain financial measurements of Dave, including, but not limited to Dave's projected Non-GAAP Revenue and Non-GAAP Variable Margin for Dave's fiscal year 2022. Such projected financial information constitutes forward-looking information, and is for illustrative purposes only and should not be relied upon as necessarily being indicative of future results. Dave's independent registered public accounting firm did not audit, review, compile, or perform any procedures with respect to the projections for the purpose of their inclusion in this presentation, and accordingly, it did not express an opinion or provide any other form of assurance with respect thereto for the purpose of this presentation. These projections should not be relied upon as being necessarily indicative of future results. Dave does not undertake any commitment to update or revise the projections, whether as a result of new information, future events or otherwise. In this presentation, certain of the above-mentioned projected information has been repeated (in each case, with an indication that the information is an estimate and is subject to the qualifications presented herein), for purposes of providing comparisons with historical data. The assumptions and estimates underlying the prospective financial information are inherently uncertain and are subject to a wide variety of significant business, economic and competitive risks and uncertainties that could cause actual results to differ materially from those contained in the prospective financial information. See "Forward-Looking Statements" paragraph above. Accordingly, there can be no assurance that the prospective results are indicative of the future performance of Dave or that actual results will not differ materially from those presented in the prospective financial information. Inclusion of the prospective financial information in this presentation should not be regarded as a representation by any person that the results contained in the prospective financial information will be achieved. INDUSTRY AND MARKET DATA In this presentation, Dave relies on and refers to information and statistics regarding the sectors in which Dave competes and other industry data. Dave obtained this information and statistics from third-party sources, including reports by market research firms. Although Dave believes these sources are reliable, the Company has not independently verified the information and does not guarantee its accuracy and completeness. Dave has supplemented this information where necessary with information from discussions with Dave members and Dave's own internal estimates, taking into account publicly available information about other industry participants and Dave's management's best view as to information that is not publicly available. Dave 2#3Disclaimer USE OF NON-GAAP FINANCIAL MEASURES The financial information and data contained in this presentation sunaudited and does not conform to Regulation S-X promulgated under the Securities Act of 1933, as amended. Accordingly, such information and data may not be included in, may be adjusted in or may be presented differently in, any filing Dave makes with the SEC. This presentation contains references to Adjusted EBITDA, non-GAAP operating revenues, non-GAAP operating expenses, non-GAAP variable profit and non-GAAP variable profit margin of Dave, which are adjusted from results based on generally accepted accounting principles in the United States ("GAAP") and exclude certain expenses, gains and losses. The Company defines and calculates Adjusted EBITDA as net loss attributable to Dave before the impact of interest income or expense, provision for income taxes, depreciation and amortization, and adjusted to exclude legal settlement and litigation expenses, other strategic financing and transaction expenses, stock-based compensation expense, and certain other non-core items. The Company defines and calculates non-GAAP operating revenues as operating revenues, net excluding direct loan origination costs and ATM fees. The Company defines and calculates non-GAAP operating expenses as operating expenses excluding non-variable operating expenses. The Company defines non-variable operating expenses as all advertising and marketing operating expenses, compensation and benefits operating expenses, and certain operating expenses (legal, rent, technology/infrastructure, depreciation, amortization, charitable contributions, other operating expenses, one-time Member account activation costs and non-recurring Dave Card expenses). The Company defines and calculates non-GAAP variable profit as non-GAAP operating revenues excluding non-GAAP operating expenses. The Company defines and calculates non-GAAP variable profit margin as non-GAAP variable profit as a percent of non-GAAP operating revenues. These non-GAAP financial measures are provided to enhance the user's understanding of our prospects for the future and the historical performance for the context of the investor. The Company's management team uses these non-GAAP financial measures in assessing performance, as well as in planning and forecasting future periods. These non-GAAP financial measures are not computed according to GAAP and the methods the Company uses to compute them may differ from the methods used by other companies. Non-GAAP financial measures are supplemental, should not be considered a substitute for financial information presented in accordance with GAAP and should be read only in conjunction with our consolidated financial statements prepared in accordance with GAAP. Other companies may calculate non-GAAP measures differently, and therefore the non-GAAP measures of Dave included in this presentation may not be directly comparable to similarly titled measures of other companies. TRADEMARKS AND TRADE NAMES Dave owns or has rights to various trademarks, service marks and trade names that uses in connection with the operation of its business. This presentation also contains trademarks, service marks and trade names of third parties, which are the property of their respective owners. The use or display of third parties" trademarks, service marks, trade names or products in this presentation is not intended in, and does not imply, a relationship with Dave, or an endorsement or sponsorship by or of Dave. Solely for convenience, the trademarks, service marks and trade names referred to in this presentation may appear without the ®, TM or SM symbols, but such references are not intended to indicate, in any way, that Dave will not assert, to the fullest extent under applicable law, its rights or the right of the applicable licensor in these trademarks, service marks and trade names. Dave 3#4OUR MISSION Build products that level the financial playing field. OUR STRATEGY Build a superior banking solution for everyday Americans. Dave Dave debit 4#5Dave Highlights 5#63Q22 highlights Monthly Transacting 1.5M 2Q22 Dave Members 18% Q-O-Q Growth 1.8M 3Q22 Origination Volume $606M 2Q22 25% Q-O-Q Growth $757M 3Q22 Quarterly Non-GAAP $47M 2Q22 Revenue 25% Q-O-Q Growth $59M 3Q22 Variable Profit Margin 39% 2Q22 ~280bps Q-O-Q Growth 42% 3Q22 Note: See Glossary for the definition of Monthly Transacting Members, Origination Volume, Non-GAAP Operating Revenue and Non-GAAP Variable Profit. Variable Profit Margin is calculated as Non-GAAP Variable Profit divided by Non-GAAP Operating Revenue. 6#7Reiterating fiscal year 2022 guidance Non-GAAP Operating Revenues: Non-GAAP Variable Profit Margin: Dave Note: See Glossary for the definition of Non-GAAP Operating Revenues and Non-GAAP Variable Profit Low $200M 40% High $215M 44% 7#8Dave Business Strategy 00 8#9Business strategy Acquire • Acquire efficiently by marketing top of mind liquidity pain points ● Grow prudently to facilitate break-even Dave Engage • Delight members with same-day credit access using Al underwriting ● Profitably grow ExtraCash originations Deepen • Create a Dave Card payments relationship with instant spending and early direct deposit access ● Build primary direct deposit relationships 9#10Accelerating growth while improving CAC Marketing campaign in 3Q22 demonstrated our ability to scale marketing efficiently: on a q-o-q basis, acquisition up 42% while CAC declined 18%. Product enhancements drove CAC improvements, and focus on channel expansion has provided a more durable and diversified marketing mix. Lower expected marketing spend in 4Q22 based largely on continued CAC efficiencies while continuing to demonstrate prudent, margin-focused growth. Dave CAC and New Member Acquisition (000s) $100 Customer Acquisition Cost $90 $80 $70 $60 $50 $40 $30 $20 $10 $0 549 $24 3Q21 82% Year-Over-Year Growth 498 $25 463 $26 703 Note: See Glossary for the definition of Customer Acquisition Costs $30 4Q21 1Q22 2Q22 New Member Acquisition (000s) <-CAC 998 $24 3Q22 1,200 1,000 800 600 400 200 New Member Acquisition (000s) 10#11Significant member scale We differentiate by first addressing Members' most crucial need-Credit-and then building long-term banking relationships. Product market fit, strong brand, and low-cost acquisition have enabled Dave to achieve consistent member growth. Sizeable addressable market of 176 million(¹) U.S. consumers, which grew 6% YoY in 2022, provides a secular tailwind. Dave Total Members (MMS) 5.7 3Q21 6.0 4Q21 36% Year-Over-Year Growth 6.4 1Q22 6.9 2022 7.8 3Q22 Note: See Glossary for the definition of Total Members (1) Source: Financial Health Network's "Financial Health Pulse 2022 U.S. Trends Report"; 176 million represents the total number of financially vulnerable and financial coping consumers in that study. 11#12Business strategy Acquire • Acquire efficiently by marketing top of mind liquidity pain points • Grow prudently to facilitate break-even Dave Engage • Delight members with same-day credit access using Al underwriting ● Profitably grow ExtraCash originations Deepen • Create a Dave Card payments relationship with instant spending and early direct deposit access ● Build primary direct deposit relationships 12#13Increasing engagement Growth driven by engagement-based marketing, rollout of ExtraCash $500, and underwriting improvements which bolster retention. Increases in ExtraCash member limits translate to a more compelling value proposition which drives top of funnel growth and down funnel engagement. Upside as we further emphasize transaction-focused and user quality-oriented acquisition and engagement, underwriting optimizations and Dave Card engagement, which has more favorable retention vs. baseline. Dave Total Monthly Transacting Members (MMS) 1.4 3Q21 1.5 4Q21 26% Year-Over-Year Growth 1.4 1Q22 Note: See Glossary for the definition of Monthly Transacting Members 1.5 2Q22 1.8 3Q22 13#14Sustained growth in originations Originations have grown to record highs, reflecting ExtraCash's product-market fit. $757mm of originations translating into $88mm net receivables balance at 9/30/22 highlights capital efficient nature of the product. High velocity of the portfolio enables continuous underwriting optimization with immediate-term impacts. Dave Advance Origination Volume ($MM) $361 3Q21 $451 4Q21 $545 Note: See Glossary for the definition of Origination Volume 110% Year-Over-Year Growth $606 1Q22 2Q22 $757 3Q22 14#15Growth in ExtraCash advance sizes has bolstered ARPU Average ExtraCash Origination Size Dave $84 3Q21 57% Year-Over-Year Growth $104 $132 4Q21 1Q22 $128 2Q22 $131 3Q22 Average Revenue per ExtraCash Origination¹ $7.66 3Q21 7% Year-Over-Year Growth $7.75 4Q21 $8.43 1Q22 $8.10 2Q22 (1) Average Revenue per ExtraCash Origination defined as sum of Tips (GAAP) + Fees (GAAP) generated divided by total advances disbursed over a given period. $8.21 3Q22 15#16Stable credit performance Improvements to DQ rates y-o-y while increasing ExtraCash size by 57% and originations by 110% displays the strength of our data-driven underwriting and risk management functions. 3% y-o-y reduction in DQ rate understates improvement in credit performance given how fiscal stimulus supported consumer credit through 2021. With substantial new member growth in 3Q22, portfolio had mix shift towards new member originations that have higher DQ rates. Older cohorts performing in-line with historical trends. First quarter seasonally strongest credit performance due to tax refunds. DQ rates controllable with dynamic nature of risk program, combined with short-term nature of ExtraCash. Dave 28 Day Average Quarterly Delinquency Rate 3.21% 3.99% 4.32% 4.20% 3.06% 3.52% 4.88% 5.93% 3.56% 16% Improvement Over 2 Years 4.47% Note: See Glossary for the definition of 28 Day Average Quarterly Delinquency Rate 4.20% 3% Y-o-Y Improvement 3.48% 3.27% 3.67% 4.07% 1Q19 2019 3019 4019 1020 2020 3020 4020 1021 2021 3021 4021 1022 2022 3022 16#17ARPU/member monetization Our data-driven credit underwriting facilitates larger ExtraCash sizes which translate into stronger monetization, albeit at lower rates i.e. higher ARPU at lower variable margins but with higher total variable profit. Ability for users to seamlessly spend ExtraCash funds via Dave Card has driven improved transaction revenue ARPU, which rolled out throughout 3Q22. Upside as we increase focus on member retention, implement new pricing model, income detection and payroll integration capabilities, accelerate Dave Card adoption and introduce revenue-generating products/features. Dave Annualized Revenue per Monthly Transacting Member $115 3Q21 $116 4Q21 12% Year-Over-Year Growth $121 1Q22 Note: See Glossary for the definition of Monthly Transacting Members $122 2Q22 $129 3Q22 17#18Business strategy Acquire • Acquire efficiently by marketing top of mind liquidity pain points • Grow prudently to facilitate break-even Dave Engage • Delight members with same-day credit access using Al underwriting. ● Profitably grow ExtraCash originations Deepen • Create a Dave Card payments relationship with instant spending and early direct deposit access • Build primary direct deposit relationships 18#19Dave Card spend volumes As of 3Q22, every new Dave Member receives an ExtraCash account and a Dave Card, unlocking the synergy between the ExtraCash and Payments features. Growth in spend volumes was driven by ExtraCash actives spending their advances with the Dave Card-an important step in our member journey of building trust on the way to a direct deposit relationship. Dave Dave Card Spend Volumes ($MM) $156 3Q21 $174 4Q21 26% Year-Over-Year Growth $182 1Q22 Note: See Glossary for the definition of Dave Card Spend Volumes $171 2Q22 $217mm quarterly run rate as of Sept. '22 $197 3Q22 19#20Flywheel effect between ExtraCash and Dave Card Growing Dave Card adoption amongst actives is driving more transactions per active, deeping the daily use case we have with our members. Additional transactions per MTM also allows us to gain greater share of wallet to unlock the additional ARPU of our banking suite. Dave Average Monthly Transactions per Monthly Transacting Member 4.5 3Q21 3% Year-Over-Year Growth 105% Growth Since 3Q20 (2.2 Transactions) 4.7 4Q21 4.6 1Q22 Note: See Glossary for the definition of Transactions Per Monthly Transacting Member 4.5 2Q22 Sep. '22 Figure: 4.9 4.6 3Q22 20#21Dave Financial Overview 21#22Accelerating revenue growth 41% y-o-y and 25% q-o-q non-GAAP revenue growth driven by: • Increase in transacting member base driving increased origination volume and growth in membership subscription revenue • Improved ExtraCash monetization given higher average origination size Accelerating growth in transaction revenue driven by ExtraCash to Dave Card cross-attach Dave Total Non-GAAP Revenue ($MM) $41.5 3Q21 $42.2 4Q21 41% Year-Over-Year Growth $43.7 1Q22 Note: See Glossary for the definition of Non-GAAP Operating Revenue $47.0 2Q22 $58.6 3Q22 22#23Q-O-Q improvement in variable margin Variable margin declined in prior quarters as i) we made long-term investments in the Dave Card business which should bolster margins as that business scales and ii) ExtraCash advance sizes increased: larger ExtraCash sizes typically have lower monetization rates but, ultimately, higher ARPU and variable profit. In 3Q22, we began to realize impacts from our margin-driving initiatives, translating into ~280bp sequential margin improvement. Margin-driving initiatives include optimization of settlement processing flow, vendor contract renegotiations, and increased emphasis on fraud controls and risk management. Substantial fraud event in 3Q22, which adversely impacted variable margin, has been addressed and is not expected to recur. Dave Variable Profit Margin (Non-GAAP) 48% 3Q21 48% 4Q21 41% 1Q22 42% 39% || 2Q22 3Q22 Note: Variable Profit Margin (Non-GAAP) is defined as Non-GAAP Variable Profit divided by Non-GAAP Revenue. See Glossary for the definition of Non-GAAP Variable Profit and Non-GAAP Revenue. 23#24Adjusted EBITDA 3Q22 Adjusted EBITDA losses declined modestly vs. 2Q22 and showed substantial month-to- month improvement within 3Q22 based on lower marketing spend and margin improvement. Adjusted EBITDA should significantly improve from 3Q22 levels as a result of the following: • Lower marketing spend based largely on continued CAC efficiencies; we expect 4Q22 marketing spend of $11mm - $13mm • Continued margin improvement • Greater operating leverage $243mm of total liquidity as of Sept. 30, 2022: $225mm of cash and cash equivalents, restricted cash, and short-term investments $18mm of additional capacity on credit facility which has over two years of remaining term Dave Adjusted EBITDA (Non-GAAP) ($MM) 3Q21 ($11.3) 4Q21 ($12.6) Note: See Glossary for the definition of Adjusted EBITDA 1Q22 ($18.3) 2Q22 ($28.5) 3Q22 ($27.5) 24#25Path to profitability: key milestones 2022 & Prior Contribution Profit Positive Contribution profitable since pre-2020 • Positions Dave Dave for profitability as it scales 2023 Adjusted EBITDA Positive (Pre-Marketing / Other Acquisition) 2024 Adjusted EBITDA Positive Conservative assumptions on continued ARPU improvement O Further optimizing ExtraCash e.g. funnel, monetization o Growing cross-attach to Dave Card o Deeper focus on incentivizing primary direct deposit relationships o New, identified sources of revenue Margin improvements based on identified and predominantly in-flight initiatives o Underwriting + settlement optimization and optimizing major vendor contracts o Driving direct deposit relationships and higher spend per active as the Dave Card business matures o Intensified focus on fraud controls and risk management Operating leverage of fixed cost base as contribution profit scales 25#26Investment summary Dave Acquire Market-leading CAC bolstered by profitable unit economics with credible growth prospects. Engage Differentiated Al driven credit underwriting with capital efficient business model. Deepen ExtraCash to Dave Card flywheel effect unlocks additional revenue potential within massive, growing TAM. Strong liquidity position sufficient to amply support company through to profitability. 26#27Dave Appendix 27#28Glossary 28 Day Average Quarterly Delinquency Rate defined as the amount of Origination Volume which is past due 28 days after the end of the month in which the ExtraCash advance was disbursed divided by the Origination Volume in that disbursement month Adjusted EBITDA defined as net loss attributable to Dave before the impact of interest income or expense, provision for income taxes, depreciation and amortization, and adjusted to exclude legal settlement and litigation expenses, other strategic financing and transaction expenses, stock-based compensation expense, and certain other non-core items Average Revenue per ExtraCash Advance defined as sum of Tips (GAAP) + Fees (GAAP) generated divided by total advances disbursed over a given period Customer Acquisition Costs ("CAC") defined as all advertising and marketing operating expenses in a given period divided by the number of new members who join the Dave platform in a given period by connecting an existing bank account to the Dave service or by opening a new Dave Banking account Dave Card Spend Volumes defined as the total dollar amount of Dave Card debit spending transactions over a given period Monthly Transacting Members ("MTMs") defined as the unique number of Members who have made a funding, spending, ExtraCash or subscription transaction within a particular month, measured as the average over a given period Non-GAAP Operating Revenue defined as Operating Revenue, net excluding direct loan origination costs and ATM fees Non-GAAP Variable Profit defined as Non-GAAP Operating Revenues excluding Non-GAAP Operating Expenses Dave 28#29Glossary (Cont'd) Non-GAAP Operating Expenses defined as Operating Expenses excluding Non-Variable Operating Expenses Non-Variable Operating Expenses defined as all advertising and marketing operating expenses, compensation and benefits operating expenses, and certain operating expenses (legal, rent, technology/infrastructure, depreciation, amortization, charitable contributions, other operating expenses, upfront Member account activation costs and upfront Dave Card expenses) Origination Volume defined as the total dollar amount of ExtraCash advances disbursed to Members in a given period Total Members defined as the number of unique Members that have either connected an existing bank account to the Dave service or have opened a Dave Banking account, less the number of accounts deleted by Members or closed by Dave, as measured at the end of a period Transactions Per Monthly Transacting Member defined as the average number of transactions initiated per Monthly Transacting Member in each month, measured as the average over a given period Dave 29#30Consolidated statement of operations DAVE INC. AND SUBSIDIARIES CONSOLIDATED STATEMENTS OF OPERATIONS (in millions) (unaudited) Dave Operating revenues: Service based revenue, net Transaction based revenue, net Total operating revenues, net Operating expenses: Provision for un recoverable advances Processing and servicing fees Advertising and marketing Compensation and benefits Other operating expenses Total operating expenses Other (income) expenses: Interest income Interest expense Legal settlement and litigation expenses Other strategic financing and transactional expenses Gain on extinguishment of liability Changes in fair value of earnout liabilities Changes in fair value of derivative asset on loans to stockholders Changes in fair value of warrant liabilities Total other expenses (income), net Net loss before provision (benefit) for income taxes Provision (benefit) for income taxes Net loss $ $ For the Three Months Ended September 30, 2022 2021 52.8 4.0 56.8 18.4 9.5 24.1 24.3 18.4 94.7 (1.2) 2.5 6.8 2.2 (0.7) 9.6 (47.5) (47.5) $ $ 37.3 2.9 40.2 10.8 6.2 12.9 15.4 10.6 55.9 (0.5) 0.8 0.3 (9.0) 0.6 (7.8) (7.9) (7.9) $ $ For the Nine Months Ended September 30, 2022 2021 135.1 10.1 145.2 46.0 23.6 57.1 81.3 50.8 258.8 (1.8) 6.2 6.8 5.0 (4.3) (9.6) 5.6 $ (14.2) (6.3) (107.3) 0.1 (107.4) $ 104.1 7.8 111.9 21.7 16.9 38.8 34.7 32.0 144.1 (0.6) 1.4 1.0 0.3 (33.0) 3.5 (27.4) (4.8) (4.8) 30#31Reconciliation of net loss to adjusted EBITDA Net loss Interest expense, net Provision (benefit) for income taxes Depreciation and amortization Stock-based compensation Legal settlement and litigation expenses Other strategic financing and transactional expenses Gain on extinguishment of liability DAVE INC. AND SUBSIDIARIES RECONCILIATION OF NET LOSS TO ADJUSTED EBITDA (in millions) (unaudited) Changes in fair value of earnout liabilities Changes in fair value of derivative asset on loans to stockholders Changes in fair value of warrant liabilities Adjusted EBITDA Dave $ $ For the Three Months Ended September 30, 2022 2021 (47.5) $ 1.3 2.4 8.0 6.8 2.2 (0.7) (27.5) $ (7.9) 0.3 - 0.8 3.6 0.3 (9.0) 0.6 (11.3) $ $ For the Nine Months Ended September 30, 2022 2021 (107.4) 4.4 0.1 5.1 34.1 6.8 5.0 (4.3) (9.6) 5.6 (14.2) (74.4) $ $ (4.8) 0.8 - 2.0 6.3 1.0 0.3 (33.0) 3.5 (23.9) 31#32Reconciliations Dave Operating revenues, net ExtraCash origination and ATM-related fees Non-GAAP operating revenues Operating expenses Non-variable operating expenses Non-GAAP operating expenses Non-GAAP operating revenues Non-GAAP variable operating expenses Non-GAAP variable profit Non-GAAP variable profit margin DAVE INC. AND SUBSIDIARIES RECONCILIATION OF OPERATING REVENUES, NET TO NON-GAAP OPERATING REVENUES (in millions) (unaudited) $ $ $ $ For the Three Months Ended September 30, 2022 2021 RECONCILIATION OF OPERATING EXPENSES TO NON-GAAP OPERATING EXPENSES (in millions) (unaudited) $ $ 56.8 1.8 58.6 $ $ For the Three Months Ended September 30, 2022 2021 94.7 $ (60.8) 33.9 CALCULATION OF NON-GAAP VARIABLE PROFIT (in millions) (unaudited) $ (33.9) 24.7 42% 40.2 1.3 41.5 58.6 $ For the Three Months Ended September 30, 2022 2021 $ 55.9 (34.2) 21.7 41.5 (21.7) 19.8 48% $ $ $ $ $ $ For the Nine Months Ended September 30, 2022 2021 145.2 4.1 149.3 $ $ For the Nine Months Ended September 30, 2022 2021 258.8 $ (170.4) 88.4 $ 111.9 3.5 115.4 149.3 $ (88.4) 60.9 41% For the Nine Months Ended September 30, 2022 2021 $ 144.1 (92.6) 51.5 115.4 (51.5) 63.9 55% 32#33Liquidity and capital resources Cash, cash equivalents and restricted cash Marketable securities Short-term investments Working capital Total stockholders' equity Dave DAVE INC. AND SUBSIDIARIES LIQUIDITY AND CAPITAL RESOURCES (in millions) (unaudited) $ September 30, 2022 39.3 185.3 259.1 123.2 $ December 31, 2021 32.4 8.2 31.6 38.7 33