Member receivables, net, consist of outstanding ExtraCash and Dave Flex receivables, inclusive of processing fees and overdraft service fees, less an allowance for credit losses. The following table presents the components of Member receivables, net, as of September 30, 2026 and December 31, 2025 (in thousands):


	September 30, 2026		December 31, 2025
Member receivables, net	$	194,007	$	297,307
Guarantee obligation receivable, net		10,580		-
Total Member receivables, net	$	204,587	$	297,307

Effective June 1, 2026, the principal portion of ExtraCash receivables originated and retained by Coastal is not included on the Company's condensed consolidated balance sheet until purchased by the Company. The Company does, however, record a guarantee obligation receivable representing accrued service based fees owed by Members on Coastal-held ExtraCash receivables. As of September 30, 2026, the Company recognized a guarantee obligation receivable of approximately $10.6 million presented within Member receivables, net on the condensed consolidated balance sheet. As of September 30, 2026, Coastal held ExtraCash receivables with an outstanding principal balance of approximately $158.8 million for which the Company bears economic credit risk. Each guarantee extends until the earlier of collection or the Company’s purchase of the receivable, which is required for any receivable outstanding more than 60 calendar days after origination. This balance represents the maximum potential future payments under the guarantee, undiscounted and not reduced by amounts recoverable under the Cash Collateral Account. Coastal is required to maintain a minimum ExtraCash receivables balance of $75.0 million, which the Company may not purchase below. Separately, the Company is obligated to purchase any ExtraCash receivables subject to fraud losses, consistent with its historical fraud-identification practices. As of September 30, 2026, the Company recognized a guarantee liability of $6.1 million and a credit loss liability of $6.4 million, both presented within Other current liabilities on the condensed consolidated balance sheet. The Company is required to maintain a Cash Collateral Account at Coastal tied to the expected credit losses on Coastal-held receivables, which Coastal may apply against the Company’s credit and fraud loss obligations under the program (see Note 2, Significant Accounting Policies).

The roll-forward of the guarantee liability and credit loss liability for the three months ended September 30, 2026 is as follows (in thousands):


	Guarantee Liability			Credit Loss Liability
Balance at July 1, 2026	$	3,831		$	3,997
Additions		11,062			6,432
Recognized in income, remeasurement or transfers to allowance upon purchase		(8,770	)		(3,997	)
Balance at September 30, 2026	$	6,123		$	6,432

The Cash Collateral Account maintained at Coastal was approximately $20.8 million as of September 30, 2026 and is presented within bank partner deposits on the condensed consolidated balance sheet.

The Company purchased ExtraCash receivables from Coastal accounted for as purchased financial assets with credit deterioration ("PCD"). The following table presents the PCD gross-up at the acquisition dates for the nine months ended September 30, 2026 (in thousands):


Days From Origination	Gross Member Receivables			Allowance for Credit Losses			Member Receivables, Net
1-10	$	271,008		$	(3,936	)	$	267,072
11-30		91,191			(13,094	)		78,097
31-60		17,319			(10,966	)		6,353
61-90		15,171			(11,894	)		3,277
91-120		14,059			(11,888	)		2,171
Total Member receivables, including Coastal-held ExtraCash receivables		408,748			(51,778	)		356,970
Less: Coastal-held ExtraCash receivables1		(158,815	)		6,432			(152,383	)
Total Member receivables, net2	$	249,933		$	(45,346	)	$	204,587

¹ Represents the outstanding principal of ExtraCash receivables held by Coastal, which is not recognized on the condensed consolidated balance sheet, and the related credit loss liability of $6.4 million, which is presented within other current liabilities. See “Guaranteed ExtraCash Receivables and Off-Balance-Sheet Credit Exposure” above.

² Includes the guarantee obligation receivable of $10.6 million, representing accrued fees owed by Members on Coastal-held ExtraCash receivables, and Dave Flex receivables of $0.9 million, net of an allowance for credit losses of $0.2 million.

The following table is an aging of Member receivables as of December 31, 2025 (in thousands):


Days From Origination	Gross Member Receivables		Allowance for Credit Losses			Member Receivables, Net
1-10	$	242,091	$	(3,006	)	$	239,085
11-30		56,897		(8,851	)		48,046
31-60		13,093		(7,942	)		5,151
61-90		11,893		(8,888	)		3,005
91-120		10,974		(8,954	)		2,020
Total	$	334,948	$	(37,641	)	$	297,307

All Member receivables outstanding as of September 30, 2026 were originated in 2026 and all Member receivables outstanding as of December 31, 2025 were originated in 2025. Of the $93.3 million of gross write-offs for the nine months ended September 30, 2026, $47.7 million related to receivables originated in 2026 and $45.6 million related to receivables originated in 2025.

The roll-forward of the allowance for credit losses is as follows (in thousands):


Opening allowance balance at January 1, 2026	$	37,641
Plus: provision for credit losses		91,953
Plus: amounts recovered		15,435
Less: amounts written-off		(93,251	)
Ending allowance balance at September 30, 2026, including Coastal-held ExtraCash receivables	$	51,778
Less: off-balance sheet allowance (included in other current liabilities)1		(6,432	)
Ending allowance balance at September 30, 2026, net	$	45,346

¹ Represents the credit loss liability presented within other current liabilities related to the outstanding principal of ExtraCash receivables held by Coastal. See “Guaranteed ExtraCash Receivables and Off-Balance-Sheet Credit Exposure” above.


Opening allowance balance at January 1, 2025	$	22,703
Plus: provision for credit losses		65,744
Plus: amounts recovered		12,206
Less: amounts written-off		(60,436	)
Ending allowance balance at September 30, 2025	$	40,217

The provision for credit losses for the nine months ended September 30, 2026 increased compared to the nine months ended September 30, 2025, primarily due to growth in ExtraCash origination volume, from approximately $5.3 billion to approximately $6.9 billion for the nine months ended September 30, 2025 and 2026, respectively. The period-over-period change was also affected by the

calendar day on which each period ended, which, given the approximately 12-day average term of ExtraCash receivables, influences the level of receivables outstanding at period end and the related provision. Historical loss rates increased slightly period over period.

Dave Flex receivables, net, represent purchased Dave Flex installment receivables, inclusive of deferred fees, less an allowance for credit losses, and are included in Member receivables, net on the Company's condensed consolidated balance sheet. As of September 30, 2026, gross Dave Flex receivables, the related allowance, and Dave Flex receivables, net, were immaterial. The Company will present an aging table and allowance roll-forward once Dave Flex balances warrant separate tabular disclosure.