Dave Results Presentation Deck

Expanding variable margin Variable margin expanded in 1Q23 primarily due to: • Markedly lower provision expense given significant improvements in credit performance and stronger settlements resulting from favorable seasonal impacts of tax refunds which reduced the receivables balance, loss allowance and provision • Renegotiated key vendor contract, effective Jan. 1 • Ongoing processing cost enhancements related to how we utilize payment networks to move money We do not expect variable margin to remain as elevated in the quarters ahead; we anticipate provision expense as a % of revenue to normalize alongside seasonal patterns though remain lower than 2022 levels due to sustained improvements in underwriting performance. Variable margin for the balance of the year should remain notably above 2022 levels and, for the full year, fall comfortably within our annual guidance. Dave Variable Profit Margin (Non-GAAP) 41% 1Q22 2Q22 3Q22 Provision for Credit Losses - % of Non-GAAP Revenue 32% 39% 28% 29% 42% 41% ||| 4Q22 Other Variable Expenses - % of Non-GAAP Revenue 31% 31% 27% 33% 56% 26% 1Q23 20% 24% 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. 27

View entire presentation