Dave Inc./DE
For the period ended Sep 30, 2026. Filed Nov 4, 2026.
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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, 2026 · Filed Nov 4, 2026
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, 2026 | As of December 31, 2025 | |
|---|---|---|
| (unaudited) | ||
| Assets | ||
| Current assets: | ||
| Cash and cash equivalents | $269,937 | $80,523 |
| Member receivables, net of allowance for credit losses of $45,346 and $37,641 as of September 30, 2026 and December 31, 2025, respectively | 204,587 | 297,307 |
| Investments | 43,346 | 40,788 |
| Prepaid income taxes | 5,133 | - |
| Bank partner deposits | 20,793 | 3,618 |
| Prepaid expenses and other current assets | 26,671 | 14,460 |
| Total current assets | 570,467 | 436,696 |
| Property and equipment, net | 482 | 474 |
| Lease right-of-use assets (related-party of $230 and $195 as of September 30, 2026 and December 31, 2025, respectively) | 230 | 195 |
| Intangible assets, net | 14,657 | 13,670 |
| Restricted cash | 1,841 | 1,841 |
| Deferred tax assets, net | 36,528 | 34,185 |
| Other non-current assets | 368 | 357 |
| Total assets | $624,573 | $487,418 |
| Liabilities and stockholders’ equity | ||
| Current liabilities: | ||
| Accounts payable | $6,078 | $8,358 |
| Accrued expenses | 25,187 | 13,047 |
| Debt facility, current | 75,000 | 75,000 |
| Lease liabilities, short-term (related-party of $150 and $63 as of September 30, 2026 and December 31, 2025, respectively) | 150 | 63 |
| Legal settlement accrual | 10,035 | 7,838 |
| Income taxes payable | - | 1,651 |
| Other current liabilities | 18,820 | 8,040 |
| Total current liabilities | 135,270 | 113,997 |
| Lease liabilities, long-term (related-party of $88 and $141 as of September 30, 2026 and December 31, 2025, respectively) | 88 | 141 |
| Convertible notes, net of discount and issuance costs | 193,493 | - |
| Warrant and earnout liabilities | 15,068 | 16,077 |
| Other non-current liabilities | 6,901 | 4,476 |
| Total liabilities | $350,820 | $134,691 |
| 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, 2026 and December 31, 2025 | - | - |
| Class A common stock, par value per share $0.0001, 500,000,000 shares authorized; 12,813,349 and 12,560,600 shares issued at September 30, 2026 and December 31, 2025, respectively 11,478,984 and 12,236,547 shares outstanding at September 30, 2026 and December 31, 2025, respectively | 1 | 1 |
| Class V common stock, par value per share $0.0001, 100,000,000 shares authorized; 1,314,082 shares issued and outstanding at September 30, 2026 and December 31, 2025; | - | - |
| Additional paid-in capital | 358,583 | 352,664 |
| Treasury shares, at cost (Class A common stock, 1,284,802 and 274,490 shares at September 30, 2026 and December 31, 2025, respectively) | (257,001) | (43,730) |
| Accumulated other comprehensive income | 342 | 374 |
| Retained earnings | 171,828 | 43,418 |
| Total stockholders’ equity | $273,753 | $352,727 |
| Total liabilities and stockholders’ equity | $624,573 | $487,418 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.