Dave Results Presentation Deck
Adjusted 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)
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