Welcome to our dedicated page for DAVE SEC filings (Ticker: DAVE), a comprehensive resource for investors and traders seeking official regulatory documents including 10-K annual reports, 10-Q quarterly earnings, 8-K material events, and insider trading forms.
The Dave Inc. (NASDAQ: DAVE) SEC filings page provides access to the company’s official regulatory disclosures as filed with the U.S. Securities and Exchange Commission. These documents offer detailed information on Dave’s financial condition, operating performance, risk factors, capital structure, and governance as a U.S. neobank and fintech company serving millions of everyday Americans.
Through this page, you can review annual reports on Form 10-K and quarterly reports on Form 10-Q, where Dave reports service-based and transaction-based revenues, operating expenses, non-GAAP metrics such as non-GAAP gross profit and Adjusted EBITDA, and key operating indicators related to Monthly Transacting Members, ExtraCash originations, and debit card activity. These filings also discuss topics such as unit economics, credit losses, marketing investment, and technology and infrastructure costs.
You can also access current reports on Form 8-K, which Dave uses to disclose material events, including the release of quarterly financial results. For example, an 8-K dated November 4, 2025 furnished a press release announcing results for the quarter ended September 30, 2025 and confirmed that Dave’s Class A common stock and redeemable warrants trade on The Nasdaq Stock Market LLC under the symbols DAVE and DAVEW, respectively.
In addition to periodic and current reports, this page can surface other SEC documents related to Dave’s capital markets activity and corporate actions. Stock Titan’s tools apply AI-powered summaries to help explain lengthy filings, highlight important sections, and clarify complex financial and legal language. This allows users to quickly understand the implications of Dave’s 10-Ks, 10-Qs, 8-Ks, and other disclosures without reading every page in detail.
For investors tracking insider activity and compensation, relevant forms such as Form 4 and proxy-related filings can also be explored here, with AI assistance to interpret transactions, ownership changes, and governance information in the context of Dave’s broader financial and strategic profile.
Dave Inc. CFO and COO Kyle Beilman reported a routine tax-related share disposition. On the transaction date, 3,261 shares of Class A Common Stock were withheld by the company at a price of $206.09 per share to satisfy tax obligations when restricted stock units vested.
These shares were not sold on the open market but used to cover withholding taxes, a common administrative step in equity compensation. After this withholding, Beilman directly holds 200,277 shares of Dave Inc. Class A Common Stock, indicating he retains a substantial equity position in the company.
Beilman Kyle reported acquisition or exercise transactions in this Form 4 filing.
Dave Inc. executive Kyle Beilman, the CFO, COO and Secretary, received multiple equity awards of Class A Common Stock as compensation. One grant is an RSU award that vests 1/8 on June 1, 2026 and 1/16 on each quarterly anniversary thereafter, conditioned on continued service. Additional performance-based RSUs were earned for the period from January 1, 2025 to December 31, 2025 under prior PSU awards and will vest on June 1, 2027 and June 1, 2028, also subject to continued service. Following these grants, Beilman directly holds 203,538 Class A shares.
Wilk Jason reported acquisition or exercise transactions in this Form 4 filing.
Dave Inc./DE Chief Executive Officer Jason Wilk reported equity compensation grants of Class A Common Stock, totaling 104,641 shares, on March 9, 2026. These were reported at a price of $0.0000 per share, reflecting stock-based awards rather than open-market purchases.
The awards include 13,767 restricted stock units under the Amended and Restated 2021 Equity Incentive Plan, scheduled to vest 1/8 on June 1, 2026 and 1/16 on each quarterly anniversary thereafter, subject to continued service. Performance-based restricted stock units earned for the period from January 1, 2025 to December 31, 2025 from two prior PSU awards (72,539 and 18,335 shares) will vest on June 1, 2027 and June 1, 2028, respectively, if he remains in service. Following these grants, Wilk directly holds 308,424 shares, with an additional 47,882 shares held indirectly by a trust.
Dave Inc. closed a private offering of $200 million 0% Convertible Senior Notes due 2031 to qualified institutional buyers under Rule 144A. Net proceeds were about $192.1 million.
The company spent $17.3 million on capped call transactions covering about 0.7 million shares and used about $70.5 million to repurchase roughly 0.3 million shares at $210.67 each. The notes mature on April 1, 2031, carry a 0% coupon, and are initially convertible at 3.5825 shares per $1,000 principal, equivalent to about $279.13 per share, with a maximum initial conversion rate of 4.7467 shares per $1,000 (up to 949,340 shares). The capped calls are designed to limit dilution or higher cash payments above the conversion price up to an initial cap of $421.34 per share.
Dave Inc. director Andrea Mitchell reported selling a total of 30,000 shares of Class A Common Stock in open-market transactions. The sales took place on March 5 and 6, 2026 under a pre-arranged Rule 10b5-1 trading plan adopted on November 30, 2025. Footnotes state the reported prices are weighted averages for multiple trades, with sale prices ranging from $204.34 to $223.22 per share.
Dave Inc. Chief Executive Officer Jason Wilk reported a tax-related share disposition connected to restricted stock unit vesting. On March 4, 2026, 6,678 shares of Dave Inc. Class A common stock were withheld by the company at a value of $210.67 per share to cover tax obligations upon RSU vesting, rather than being sold in the open market.
After this withholding, Wilk directly owned 203,783 shares of Class A common stock and indirectly held an additional 47,882 shares through a trust. The filing reflects administrative equity compensation and tax treatment, not a discretionary market transaction.
Dave Inc. is raising capital through a private offering of $175 million aggregate principal amount of 0% Convertible Senior Notes due 2031, with an additional $25 million option for the initial purchasers. The notes are being sold to qualified institutional buyers under Rule 144A and are senior unsecured obligations.
Dave estimates net proceeds of about $168.0 million, which it plans to use to fund roughly $15.1 million of capped call transactions, repurchase approximately 334,000 shares of common stock for about $70.5 million, and for general corporate purposes including further share repurchases. The notes carry an initial conversion rate of 3.5825 shares per $1,000 (about $279.13 per share), a 32.5% premium to the $210.67 stock price on March 4, 2026, and are supported by capped calls initially capped at $421.34 per share.
Dave Inc. plans a private offering of $150 million principal amount of Convertible Senior Notes due 2031, with an option for initial purchasers to buy an additional $22.5 million of notes. The notes are senior unsecured, pay interest semi-annually, and mature on April 1, 2031, unless earlier converted, redeemed or repurchased.
The notes may be converted into cash and, at Dave’s election, cash, Class A common stock or a combination for any amount above principal. Dave intends to use net proceeds to fund capped call transactions, repurchase common stock and for general corporate purposes, including further buybacks. Dave also plans capped call hedging with financial institutions and expects to repurchase shares concurrently with pricing, which could influence the trading price of its stock and the notes.
Dave Inc. reported very strong fourth quarter and full-year 2025 results, highlighted by rapid growth and rising profitability. Q4 revenue rose 62% year-over-year to $163.7 million, while Q4 net income jumped 292% to $66.0 million and adjusted EBITDA reached $72.9 million, up 118%.
For full-year 2025, revenue grew 60% to $554.2 million, net income increased 238% to $195.9 million, and adjusted EBITDA climbed 162% to $226.7 million, with non-GAAP gross profit margin improving to 72%. Management issued 2026 guidance for revenue of $690–$710 million, implying 25–28% growth, and adjusted EBITDA of $290–$305 million.
The board authorized a new share repurchase program of up to $300 million of Class A common stock, replacing a prior $125 million authorization that had about $113.2 million remaining. Dave also amended employment agreements for CEO Jason Wilk and CFO/COO Kyle Beilman, enhancing performance-based equity treatment on certain terminations and change-in-control events, and raising Mr. Beilman’s base salary and incentive targets.