$DAVE Balance Sheet | Understand Stock

$DAVE

$328.47 +$5.46 (1.69%) Close

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Financial Statements

Income Statement Balance Sheet Cashflow Statement

Consolidated Balance Sheets

In millions of USD, except per-share amounts

	Q2 FY2026 As of Jun 30, 2026	Q1 FY2026 As of Mar 31, 2026	Q4 FY2025 As of Dec 31, 2025	Q3 FY2025 As of Sep 30, 2025	Q2 FY2025 As of Jun 30, 2025	Q1 FY2025 As of Mar 31, 2025	Q4 FY2024 As of Dec 31, 2024	Q3 FY2024 As of Sep 30, 2024	Q2 FY2024 As of Jun 30, 2024	Q1 FY2024 As of Mar 31, 2024	Q4 FY2023 As of Dec 31, 2023	Q3 FY2023 As of Sep 30, 2023	Q2 FY2023 As of Jun 30, 2023	Q1 FY2023 As of Mar 31, 2023	Q4 FY2022 As of Dec 31, 2022	Q3 FY2022 As of Sep 30, 2022	Q2 FY2022 As of Jun 30, 2022	Q1 FY2022 As of Mar 31, 2022	Q4 FY2021 As of Dec 31, 2021	Q3 FY2021 As of Sep 30, 2021
ASSETS
Current assets:
Cash
Prepaid expenses
Cash and cash equivalents
Dave OD Funding I, LLC
Total cash and cash equivalents
Marketable securities
Member receivables, net of allowance for credit losses of $40,924 and $37,641 as of June 30, 2026 and December 31, 2025, respectively
Dave OD Funding I, LLC
Total member receivables, net of allowance for credit losses of $40,924 and $37,641 as of June 30, 2026 and December 31, 2025, respectively
Investments
Dave OD Funding I, LLC
Total investments
Prepaid income taxes
Deferred issuance costs
Prepaid expenses and other current assets
Debt facility commitment fee, current
Total current assets

Cash held in Trust Account
Property and equipment, net
Lease right-of-use assets (related-party of $324 and $195 as of June 30, 2026 and December 31, 2025, respectively)
Intangible assets, net
Derivative asset on loans to stockholders
Convertible notes commitment fee, long-term
Dave OD Funding I, LLC
Total convertible notes commitment fee, long-term
Restricted cash
Deferred tax assets, net
Other non-current assets
Dave OD Funding I, LLC
Total assets

Liabilities, and stockholders' equity
Current liabilities:
Accounts payable
Dave OD Funding I, LLC
Total accounts payable
Current portion of debt facility
Accrued expenses
Debt facility, current
Dave OD Funding I, LLC
Total debt facility, current
Lease liabilities, short-term (related-party of $227 and $63 as of June 30, 2026 and December 31, 2025, respectively)
Legal settlement accrual
Note payable
Credit facility
Convertible debt, current
Interest payable, convertible notes, current
Income taxes payable
Other current liabilities
Dave OD Funding I, LLC
Total other current liabilities

Total current liabilities

Lease liabilities, long-term (related-party of $106 and $141 as of June 30, 2026 and December 31, 2025, respectively)
Debt facility, long-term
Dave OD Funding I, LLC
Total debt facility, long-term
Convertible debt, long-term
Warrant liabilities
Dave OD Funding I, LLC
Total warrant liabilities
Deferred underwriting fee payable
Convertible notes, net of discount and issuance costs
Warrant and earnout liabilities
Earnout liabilities
Other non-current liabilities
Liabilities
Dave OD Funding I, LLC
Total liabilities
Class A common stock subject to possible redemption 25,376,598 shares at redemption value of $10.00 per share
Class A common stock
Total class A common stock subject to possible redemption 25,376,598 shares at redemption value of $10.00 per share
Stockholders' equity:
Preferred stock, par value per share $0.0001, 10,000,000 shares authorized; 0 shares issued and outstanding at June 30, 2026 and December 31, 2025
Common stock
Class A common stock
Class B
Class V common stock

Treasury stock
Additional paid-in capital
Treasury shares, at cost (Class A common stock, 1,266,722 and 274,490 shares at June 30, 2026 and December 31, 2025, respectively)
Accumulated other comprehensive income
Loans to stockholders
Retained earnings
Total stockholders' equity

Dave OD Funding I, LLC
Total liabilities, and stockholders' equity

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