Dave reported a record third quarter, achieving a 63% year-over-year revenue increase to $150.8 million, alongside a robust adjusted EBITDA of $58.7 million, reinforcing its strategic focus on maximizing gross profit.

• Monthly transacting members grew 17% year-over-year to 2.77 million, reflecting strong customer engagement.
• CashAI v5.5 rollout delivered improved credit performance, boosting ExtraCash originations by 49% year-over-year.
• New pricing models have enhanced net monetization rates, resulting in better portfolio spreads and member lifetime value.
• High-margin subscription revenue rose 57% year-over-year, with a $3 monthly fee for new members contributing significantly to profitability.
• Cost to acquire new members remained stable, while payback periods improved to under 4 months, indicating efficient growth strategies.