Dave posted Q2 GAAP operating revenues, net of $170.8 million, up 30% year over year.
GAAP net income fell 26% to $6.7 million, including $36.9 million of non-cash warrant and earnout remeasurement charges.
Adjusted EBITDA (non-GAAP) rose 48% to $75.5 million, representing a 44% margin.
Monthly Transacting Members increased 17% to 3,080,000; ExtraCash originations climbed 27% to $2.3 billion as 28-day past due improved 14 bps to 2.12%.
Full-year outlook
Raised full-year revenue outlook to $725 million-$735 million; lifted adjusted EBITDA view to $315 million-$325 million.
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