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. 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.
Dave Inc. provides an in-depth annual overview of its neobank business, strategy, and regulatory environment for the year ended December 31, 2025. The company operates a mobile-first platform focused on Americans living paycheck to paycheck, offering ExtraCash advances, fee-free checking, and financial tools.
Since launch, over 19 million people have signed up, with more than 14 million using at least one product, and Members have received over $22 billion in ExtraCash, which offers up to $500 of short-term credit with no interest or late fees. In 2025 Dave shifted ExtraCash to a mandatory 5% service fee structure and raised its monthly membership fee from $1 to $3 for new Members to improve unit economics.
Dave highlights its AI-powered underwriting engine CashAI, updated to version 5.5 in 2025 to improve risk ranking and approval amounts, and embeds AI in fraud detection and support via DaveGPT. The company is transitioning its banking relationships so new Members are onboarded to Coastal Community Bank, supported by lower processing fees under an amended Galileo agreement. Dave also details its virtual-first workforce of about 280 employees, extensive U.S. regulatory obligations, and a broad risk-factor set tied to credit performance, technology, competition, bank-partner dependence, and evolving consumer-protection and data-privacy rules.
Dave Inc. director Nima Khajehnouri filed an initial ownership report on Form 3. This filing establishes him as a reporting insider of the company but does not list any stock transactions, share acquisitions, or dispositions. It is an administrative disclosure rather than a trading event.
Hood River Capital Management LLC filed an amended Schedule 13G reporting beneficial ownership of 1,115,931 shares of Dave Inc. common stock, representing 9.15% of the class as of the stated event date. Hood River reports no voting power over these shares but has sole power to dispose of them.
The firm states the holdings were acquired and are held in the ordinary course of business and not for the purpose of changing or influencing control of Dave Inc., indicating a passive investment stance under the applicable SEC rules.
Dave Inc. furnished an update on its business by issuing a press release with certain preliminary financial results for the quarter and year ended December 31, 2025. These figures are based on current estimates and remain subject to completion of financial statement closing procedures, so final results may differ.
The press release, dated February 5, 2026, is provided as Exhibit 99.1 and is incorporated by reference. The company states that this information is being furnished, not filed, which limits its exposure to certain Exchange Act liabilities.
Dave Inc. director Michael W. Pope reported selling 544 shares of Class A Common Stock on February 2, 2026 at $162 per share. After this transaction, he beneficially owned 5,831 shares, held directly. The sale was made under a pre-established Rule 10b5-1 trading plan adopted on March 11, 2025, which is designed to allow insiders to sell shares according to a preset schedule.
A shareholder has filed a notice of proposed sale of 544 shares of common stock, to be sold through Morgan Stanley Smith Barney LLC Executive Financial Services on or around 02/02/2026 on the NASDAQ market. The filing lists an aggregate market value of 89047.36 for these shares and states that there were 12,190,000 shares outstanding at the time of the notice. The shares to be sold were acquired as restricted stock units from the issuer on 01/31/2025, with the same date shown as the date of payment. The person for whose account the securities are to be sold represents that they do not know of any undisclosed material adverse information about the issuer’s operations.
Dave Inc. executive Kyle Beilman reported an option exercise and related share acquisition. On January 27, 2026, he exercised a stock option for 5,000 shares of Class A Common Stock at an exercise price of $1.42 per share. Following the transaction, he beneficially owned 155,556 Class A Common shares directly and 22,958 stock options. The filing notes that the option terms were adjusted for a 1-for-32 reverse stock split that took effect on January 5, 2023, and that the option vested 25% on July 15, 2019, with the remainder vesting in equal monthly installments.
Dave Inc. reported several board changes. Imran Khan notified the company on January 20, 2026 of his intention to resign from the Board of Directors, effective upon the appointment of his successor, and the company stated his resignation is not related to any disagreement about its operations, policies, or practices.
On the same date, the Board appointed Nima Khajehnouri as a Class III director, with a term running until the 2027 Annual Meeting of Stockholders, and named him to the Audit Committee. The Board determined he qualifies as an independent director under Nasdaq rules. For 2026 he will receive $50,000 in cash compensation, pro-rated from his start date, and is eligible for a restricted stock unit award valued at $165,000 under the company’s 2021 equity plan, with terms aligned to other outside directors.
The Board also appointed Mike Pope as Lead Independent Director, succeeding Brendan Carroll, who remains on the Board. Andrea Mitchell was named Chair of the Nominating and Corporate Governance Committee, with Mr. Pope continuing as a committee member. The company issued a press release on January 20, 2026 describing these changes.
Dave Inc. director reports planned stock sales by affiliated funds. A reporting person who serves as a director of Dave Inc. disclosed multiple indirect sales of Class A Common Stock on 12/16/2025 through Proem Investments Master Fund LP and Proem Special Situations Fund I, LP. The trades were coded as sales and executed under a pre-arranged Rule 10b5-1 trading plan adopted on March 14, 2025.
The Form 4 shows several separate transactions, each at a weighted average price, with individual trades occurring in ranges between $189.37 and $198.94 per share. Following these transactions, Proem Investments Master Fund LP is reported as indirectly holding 18,789 shares of Class A Common Stock, and Proem Special Situations Fund I, LP is reported as indirectly holding 18,735 shares.