Dave Inc. (DAVE) Q2 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good morning, everyone, and thank you for participating in today's conference call to discuss Dave's financial results for the second quarter, and the June 30th, 2025. Joining us today are Dave's CEO, Mr. Jason Wilk and the company CFO and COO, Mr. Kyle Beilman. By now everyone should have access to the second quarter, 2025 earnings press release, which was issued this morning. The release is available in the investor relations section of Dave's website at .dave.com. In addition, this call will be available for webcast replay on the company's website. Following management remarks will open the call to answer your questions. Certain comments made during this conference call and webcasts are considered forward-looking statements under the private security litigation reform act of 1995. These forward-looking statements are subject to certain known and unknown risks and uncertainties, as well as assumptions that could cause actual results to differ materially from those reflected in these forward-looking statements. These forward-looking statements are also subject to other risks and uncertainties that are described from time to time in the company's filings with the SEC. Do not place undue reliance on any forward-looking statements, which are being made only as of the date of this call, except as required by law if the company undertakes no obligation to revise or update any forward-looking statements. The company's presentation also includes certain non-GAAP financial measures, including adjusted EBITDA, adjusted net income, non-GAAP gross profit, non-GAAP gross margin, and compensation expense, excluding stock-based compensation, as supplemental measures of performance of our business. All non-GAAP measures have been reconciled to the most directly comparable GAAP mea...