Dave Inc./DE
For the period ended Sep 30, 2025. Filed Nov 4, 2025.
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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, 2025 · Filed Nov 4, 2025
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, 2025 | December 31, 2024 | |
|---|---|---|
| (unaudited) | ||
| Assets | ||
| Current assets: | ||
| Cash and cash equivalents | $49,889 | $49,718 |
| Marketable securities | - | 97 |
| ExtraCash receivables, net of allowance for credit losses of $40,217 and $22,703 as of September 30, 2025 and December 31, 2024, respectively | 268,294 | 175,857 |
| Investments | 41,846 | 40,473 |
| Prepaid expenses and other current assets | 25,945 | 16,127 |
| Total current assets | 385,974 | 282,272 |
| Property and equipment, net | 518 | 704 |
| Lease right-of-use assets (related-party of $277 and $507 as of September 30, 2025 and December 31, 2024, respectively) | 277 | 507 |
| Intangible assets, net | 13,935 | 13,642 |
| Debt facility commitment fee, long-term | 37 | 163 |
| Restricted cash | 1,841 | 1,659 |
| Deferred tax assets | 30,277 | - |
| Other non-current assets | 392 | 380 |
| Total assets | $433,251 | $299,327 |
| Liabilities, and stockholders’ equity | ||
| Current liabilities: | ||
| Accounts payable | $7,840 | $6,767 |
| Accrued expenses | 15,283 | 16,707 |
| Lease liabilities, short-term (related-party of $137 and $350 as of September 30, 2025 and December 31, 2024, respectively) | 137 | 350 |
| Legal settlement accrual | 16,143 | 7,105 |
| Other current liabilities | 4,989 | 4,132 |
| Total current liabilities | 44,392 | 35,061 |
| Lease liabilities, long-term (related-party of $158 and $204 as of September 30, 2025 and December 31, 2024, respectively) | 158 | 204 |
| Debt facility, long-term | 75,000 | 75,000 |
| Warrant and earnout liabilities | 17,240 | 2,928 |
| Other non-current liabilities | 5,149 | 3,033 |
| Total liabilities | $141,939 | $116,226 |
| Commitments and contingencies (Note 12) | ||
| Stockholders’ equity: | ||
| Preferred stock, par value per share $0.0001, 10,000,000 shares authorized; 0 shares issued and outstanding at September 30, 2025 and December 31, 2024 | - | - |
| Class A common stock, par value per share $0.0001, 500,000,000 shares authorized; 12,452,402 and 11,551,528 shares issued at September 30, 2025 and December 31, 2024, respectively; 12,189,314 and 11,501,965 shares outstanding at September 30, 2025 and December 31, 2024 | 1 | 1 |
| Class V common stock, par value per share $0.0001, 100,000,000 shares authorized; 1,314,082 and 1,514,082 shares issued and outstanding at September 30, 2025 and December 31, 2024, respectively; | - | - |
| Additional paid-in capital | 345,768 | 335,326 |
| Treasury shares, at cost (213,525 Class A common stock) | (32,209) | - |
| Accumulated other comprehensive gain | 275 | 221 |
| Accumulated deficit | (22,523) | (152,447) |
| Total stockholders’ equity | $291,312 | $183,101 |
| Total liabilities, and stockholders’ equity | $433,251 | $299,327 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.