Dave Results Presentation Deck
Adjusted EBITDA
4Q22 Adj. EBITDA loss improved 59% Q-o-Q driven by:
Revenue growth
• Improved payment processing economics and
Dave Card cost structure
Moderated marketing investment supported by
continued CAC efficiencies
Rationalization of fixed expenses, providing
increasing operating leverage
We believe recent investments in our product
development team are sufficient for us to execute on
our business plan. Accordingly, we expect to achieve
substantial operating leverage as we scale which will
further solidify our path to profitability.
$193mm of cash, marketable securities and short-term
investments as of Dec. 31, 2022:
• Nearly 2 years of remaining term on credit facility
• Advance rate on credit facility increases as facility
utilization increases
Dave
Adjusted EBITDA (Non-GAAP) ($MM)
4Q21
($12.6)
1Q22
($18.3)
Note: See Glossary for the definition of Adjusted EBITDA
2Q22
($28.5)
3Q22
($28.5)
4Q22
($11.8)
(59%) QoQ
reduction in
EBITDA loss
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