Dave Inc-A 2024年度报告

Exchange Commission within 120 days after the end of the fiscal year to which this report relates. DAVE INC.ANNUAL REPORT ON FORM 10-KFOR THE FISCAL YEAR ENDED DECEMBER 31, 2024TABLE OF CONTENTS Cautionary Note Regarding Forward-Looking StatementsBasis of Presentation PART I ITEM 1.BusinessITEM 1A.Risk FactorsITEM 1B.Unresolved Staff CommentsITEM 1C.CybersecurityITEM 2.PropertiesITEM 3.Legal ProceedingsITEM 4.Mine Safety Disclosures PART II ITEM 5.Market for the Registrant’s Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities56ITEM 6.[Reserved]56ITEM 7.Management’s Discussion and Analysis of Financial Condition and Results of Operations57ITEM 7A.Quantitative and Qualitative Disclosures About Market Risk70ITEM 8.Financial Statements and Supplementary Data71ITEM 9.Changes in and Disagreements with Accountants on Accounting and Financial Disclosure112ITEM 9A.Controls and Procedures112ITEM 9B.Other Information113ITEM 9C.Disclosure Regarding Foreign Jurisdictions that Prevent Inspections113 PART III ITEM 10.ITEM 11.ITEM 12.ITEM 13.ITEM 14. Directors, Executive Officers and Corporate Governance114Executive Compensation114Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters114Certain Relationships and Related Transactions, and Director Independence114Principal Accountant Fees and Services114 PART IV CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS This Annual Report on Form 10-K (this “report” or this “Annual Report on Form 10-K”) contains forward-looking statements within the meaning ofSection 27A of the Securities Act of 1933, as amended (the “Securities Act”), and Section 21E of the Securities Exchange Act of 1934, as amended (the“Exchange Act”). All statements contained in this report other than statements of historical fact, including statements regarding our future results ofoperations, financial position, market size and opportunity, our business strategy and plans, the factors affecting our performance and our objectives forfuture operations, are forward-looking statements. The words “believe,” “may,” “will,” “estimate,” “continue,” “anticipate,” “intend,” “could,” “should,”“would,” “can,” “expect,” “project,” “outlook,” “forecast,” “objective,” “plan,” “potential,” “seek,” “grow,” “target,” “if” and similar expressions areintended to identify forward-looking statements. We have based these forward-looking statements largely on our current expectations and projections aboutfuture events and trends that we believe may affect our financial condition, results of operations, business strategy, short-term and long-term businessoperations and objectives and financial needs. These forward-looking statements are subject to a number of risks, uncertainties and assumptions, includingthose described in the section titled “Risk Factors” set forth in Part I, Item 1A of this report and in our other filings with the Securities and ExchangeCommission (the “SEC”). Moreover, we operate in a very competitive and rapidly changing environment. New risks emerge from time to time. It is notpossible for our management to predict all risks, nor can we assess the impact of all factors on our business or the extent to which any factor, orcombination of factors, may cause actual results to differ materially from those contained in any forward-looking statements we may make. In light of theserisks, uncertainties and assumptions, the future events and trends discussed in this report may not occur, and actual results could differ materially andadversely from those anticipated or implied in the forward-looking statements. Forward-looking statements contained in this report involve a number ofjudgments, risks and uncertainties, including, without limitation, risks related to: •the ability of Dave to compete in its highly competitive industry;•the ability of Dave to keep pace with the rapid technological developments in its industry and the larger financial services industry;•the ability of Dave to manage risks associated with providing ExtraCash;•the ability of Dave to retain its current customers, acquire new customers (collectively, "Members") and sell additional functionality andservices to its Members;•the ability of Dave to protect intellectual property and trade secrets;•the ability of Dave to maintain the integrity of its confidential information and information systems or comply with applicable privacy anddata security requirements and regulations;•the reliance by Dave on a single bank partner;•the ability of Dave to maintain or secure current and future key banking relationships and other third-party service providers, including itsability to comply with applicable requirements of such third parties;•the ability of Dave to comply with extensive and evolving laws and regulations applicable to its business;•changes in applicable laws or regulations and extensive and evolving government regulations that impact operations and business;•the abi