Dave Results Presentation Deck
Reconciliation of net loss to adjusted EBITDA
Net loss
Interest expense, net
(Benefit from) provision 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.
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 December 31,
2022
2021
(21.5) $
1.8
(0.1)
1.5
6.6
0.1
(0.2)
(11.8)
$
(15.2)
1.4
0.1
1.0
1.0
0.7
(1.7)
0.1
(12.6)
$
$
For the Year Ended December 31,
2022
2021
(128.9) $
6.2
(0.1)
6.7
40.6
6.3
4.6
(4.3)
(9.6)
5.6
(14.2)
(87.1)
$
(20.0)
2.2
0.1
3.0
7.4
1.7
0.3
(34.8)
3.6
(36.5)
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