{
  "docId": "019de516-56a0-7444-b6b7-036677307985",
  "docSlug": "150197b1206dac44b342a268b2a9e78e",
  "documentTitle": "Dave | Investor Presentation Deck | 38 slides",
  "authorId": "dave",
  "authorName": "Dave",
  "documentKindSlug": "pitchdeck",
  "documentKindLabel": "Pitch deck",
  "sourceTypeSlug": "investor_relations",
  "sourceTypeLabel": "Investor relations",
  "presentationDate": "2023-08-01 00:00:00",
  "orientation": "landscape",
  "aspectRatio": 1.7777778,
  "pageNumber": 28,
  "pageCount": 38,
  "prevPage": 27,
  "nextPage": 29,
  "slideType": "traction",
  "function": "show_traction",
  "density": "overcrowded",
  "nDataPoints": 18,
  "notes": null,
  "elementsJson": null,
  "metadataConfidence": 1,
  "imagePath": null,
  "slideHref": "/slides/019de516-56a0-7444-b6b7-036677307985/28",
  "deckHref": "/decks/019de516-56a0-7444-b6b7-036677307985",
  "deckJsonHref": "/decks/019de516-56a0-7444-b6b7-036677307985.json",
  "deckAnchorHref": "/decks/019de516-56a0-7444-b6b7-036677307985#slide-28",
  "components": [
    {
      "bbox": {
        "h": 0.51,
        "w": 0.47,
        "x": 0.45,
        "y": 0.19
      },
      "kind": "chart",
      "text": "35% Year-Over-Year Growth\n39% 2Q22\n42% 3Q22\n41% 4Q22\n56% 1Q23\n53% 2Q23",
      "attrs": {},
      "subkind": "bar-vertical",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "d28f7049-8c71-4257-b9d4-f02813249c44",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.026,
        "w": 0.07,
        "x": 0.034,
        "y": 0.92
      },
      "kind": "image",
      "text": "Dave",
      "attrs": {},
      "subkind": "logo",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "5a1f37ae-1758-4294-9cc7-d24ef81d3dbd",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.21,
        "w": 0.347,
        "x": 0.046,
        "y": 0.265
      },
      "kind": "list",
      "text": "Variable margin expanded ~1,400bps Y-o-Y due to:\nLower provision expense as % of non-GAAP revenue given significant improvements in credit performance\nRenegotiated key vendor contract, effective 1/1/23\nProcessing cost enhancements related to how we utilize payment networks to move money",
      "attrs": {},
      "subkind": "bullet",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "ce92e47c-e1b8-4e41-af70-c6ef582934f0",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.016,
        "w": 0.019,
        "x": 0.936,
        "y": 0.936
      },
      "kind": "other",
      "text": "28",
      "attrs": {},
      "subkind": null,
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "f5459853-a6aa-4673-9b32-3de4b5843dee",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.19,
        "w": 0.347,
        "x": 0.046,
        "y": 0.513
      },
      "kind": "paragraph",
      "text": "Variable margin contracted slightly Q-o-Q due to higher provision expense resulting from increased ExtraCash originations and modest normalization of credit performance relative to the seasonally strongest first quarter. Other Variable Expenses continued to decline as a % of Non-GAAP revenue based on continued processing efficiencies.",
      "attrs": {},
      "subkind": "paragraph",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "6ec2e427-1151-497c-a2ab-9d44fe55f78d",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.04,
        "w": 0.529,
        "x": 0.415,
        "y": 0.93
      },
      "kind": "source-note",
      "text": "Note: Variable Profit Margin (Non-GAAP) is defined as Non-GAAP Variable Profit divided by Non-GAAP Revenue. See Glossary for the definition of Non-GAAP Variable Profit and Non-GAAP Revenue.\nNote: See Appendix for reconciliation of Non-GAAP measures.",
      "attrs": {
        "numbered": true
      },
      "subkind": null,
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "6f3c12c9-17bd-4f3e-8ecd-7b9c15173e2c",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.07,
        "w": 0.487,
        "x": 0.458,
        "y": 0.739
      },
      "kind": "table",
      "text": "Provision for Credit Losses - % of Non-GAAP Revenue\n29% 31% 33% 20% 26%",
      "attrs": {},
      "subkind": "data",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "0990e714-9b29-41bc-991e-e040d508ca22",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.07,
        "w": 0.487,
        "x": 0.458,
        "y": 0.83
      },
      "kind": "table",
      "text": "Other Variable Expenses - % of Non-GAAP Revenue\n31% 27% 26% 24% 22%",
      "attrs": {},
      "subkind": "data",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "a41d0733-4fb6-4f5f-8cfb-0a74b2aa2d85",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.099,
        "w": 0.31,
        "x": 0.046,
        "y": 0.094
      },
      "kind": "title",
      "text": "Expanding variable margin",
      "attrs": {},
      "subkind": "headline",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "a68a9643-690e-410a-9e63-ce8393c22301",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.02,
        "w": 0.31,
        "x": 0.42,
        "y": 0.124
      },
      "kind": "title",
      "text": "Variable Profit Margin (Non-GAAP)",
      "attrs": {},
      "subkind": "headline",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "ec4483ea-e0fc-46ec-b603-4d81c8f9769a",
      "frameworkName": null,
      "frameworkSlug": null
    }
  ],
  "metrics": [],
  "tools": [
    {
      "name": "Waterfall chart",
      "slug": "waterfall-chart",
      "agent": null,
      "layer": "slide",
      "matchId": "f82b959f-926f-4b0f-91ca-99ff53298af9",
      "evidence": "chart/bar-vertical: 35% Year-Over-Year Growth 39% 2Q22 42% 3Q22 41% 4Q22 56% 1Q23 53% 2Q23",
      "confidence": 0.9
    }
  ],
  "frameworks": [],
  "arcBeats": [],
  "loops": [],
  "imagePathAlt": null,
  "thumbSrc": null,
  "thumbSrcAlt": null,
  "locked": true
}