Dave IncDE
For the period ended Sep 30, 2024. Filed Nov 12, 2024.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Sep 30, 2024 · Filed Nov 12, 2024
DAVE$282.65+1.5%Stored close · as of Nov 9, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Condensed Consolidated Balance Sheets
(in thousands; except share data)
| As of September 30, 2024 | As of December 31, | |
|---|---|---|
| (unaudited) | 2023 | |
| Assets | ||
| Current assets: | ||
| Cash and cash equivalents | $35,059 | $41,759 |
| Marketable securities | 96 | 952 |
| ExtraCash receivables, net of allowance for credit losses of $21,133 and $20,310 as of September 30, 2024 and December 31, 2023, respectively | 165,533 | 112,846 |
| Investments | 39,996 | 113,226 |
| Prepaid income taxes | - | 148 |
| Prepaid expenses and other current assets | 13,986 | 7,955 |
| Total current assets | 254,670 | 276,886 |
| Property and equipment, net | 810 | 1,118 |
| Lease right-of-use assets (related-party of $580 and $773 as of September 30, 2024 and December 31, 2023, respectively) | 580 | 773 |
| Intangible assets, net | 14,017 | 13,206 |
| Debt facility commitment fee, long-term | 204 | 318 |
| Restricted cash | 1,546 | 1,319 |
| Other non-current assets | 415 | 403 |
| Total assets | $272,242 | $294,023 |
| Liabilities, and stockholders’ equity | ||
| Current liabilities: | ||
| Accounts payable | $8,840 | $5,485 |
| Accrued expenses | 17,111 | 12,626 |
| Lease liabilities, short-term (related-party of $337 and $298 as of September 30, 2024 and December 31, 2023, respectively) | 337 | 298 |
| Legal settlement accrual | 7,172 | 3,330 |
| Other current liabilities | 3,956 | 3,865 |
| Total current liabilities | 37,416 | 25,604 |
| Lease liabilities, long-term (related-party of $295 and $543 as of September 30, 2024 and December 31, 2023, respectively) | 295 | 543 |
| Debt facility, long-term | 75,000 | 75,000 |
| Convertible debt, long-term | - | 105,451 |
| Warrant and earnout liabilities | 758 | 233 |
| Other non-current liabilities | 2,958 | 129 |
| Total liabilities | $116,427 | $206,960 |
| Commitments and contingencies (Note 11) | ||
| Stockholders’ equity: | ||
| Preferred stock, par value per share $0.0001, 10,000,000 shares authorized; 0 shares issued and outstanding at September 30, 2024 and December 31, 2023 | - | - |
| Class A common stock, par value per share $0.0001, 500,000,000 shares authorized; 11,242,338 and 10,683,736 shares issued at September 30, 2024 and December 31, 2023, respectively; 11,192,775 and 10,634,173 shares outstanding at September 30, 2024 and December 31, 2023. | 1 | 1 |
| Class V common stock, par value per share $0.0001, 100,000,000 shares authorized; 1,514,082 shares issued and outstanding at September 30, 2024 and December 31, 2023, respectively; | - | - |
| Additional paid-in capital | 324,821 | 296,733 |
| Accumulated other comprehensive gain | 246 | 649 |
| Accumulated deficit | (169,253) | (210,320) |
| Total stockholders’ equity | $155,815 | $87,063 |
| Total liabilities, and stockholders’ equity | $272,242 | $294,023 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.