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Green Dot Corporation, a financial technology and registered bank holding company, provides various financial services to consumers and businesses in the United States. The company operates through three segments: Consumer Services, Business to Business Services, and Money Movement Services. It provides deposit account programs, including consumer and small business checking account products, network-branded reloadable prepaid debit cards and gift cards, and secured credit programs. The company offers money processing services, such as cash transfer services that enable consumers to deposit or pick up cash and pay bills with cash at the point-of-sale at any participating retailer; and disbursement services, which enable wages and authorized funds disbursement to its deposit account programs and accounts issued by any third-party bank or program manager. In addition, it offers tax processing services consisting of tax refund transfers, which provide the processing technology to facilitate receipt of a taxpayers' refund proceeds; small business lending to independent tax preparation providers that seek small advances; and fast cash advance, a loan that enables tax refund recipients. Green Dot Corporation was incorporated in 1999 and is headquartered in Provo, Utah.
5-year financial trends. Figures in USD millions.
Latest fiscal year: 2025
Year-by-year revenue, profitability, and cash flow (USD millions, last 10 years)
| Year | Revenue | EBITDA | Net Profit | FCF | ROE | Rev Growth 1Y | NP Growth 1Y |
|---|---|---|---|---|---|---|---|
| 2025 | $2.1B | $115M | $-99M | $66M | -11.1% | 20.7% | - |
| 2024 | $1.7B | $78M | $-27M | $7M | -3.1% | 14.8% | -497.2% |
| 2023 | $1.5B | $103M | $7M | $22M | 0.8% | 3.6% | -89.5% |
| 2022 | $1.4B | $175M | $64M | $193M | 8.2% | - | - |
Income statement, balance sheet, and cash flow as reported
Consolidated Figures in USD Millions.
| Metric | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| Total Revenue | 1,449.57 | 1,501.33 | 1,723.88 | 2,080.49 |
| Cost Of Revenue | 725.65 | 880.78 | 1,143.80 | 1,490.97 |
| Gross Profit | 723.91 | 620.54 | 580.08 | 589.52 |
| Operating Expense | 629.79 | 600.90 | 587.25 | 559.89 |
| Operating Income | 94.12 | 19.64 | -7.17 | 29.63 |
| EBITDA | 174.73 | 102.61 | 77.53 | 115.15 |
| EBIT | 94.12 | 19.64 | -7.17 | 29.63 |
| Pretax Income | 83.92 | 14.63 | -22.54 | -97.27 |
| Tax Provision | 19.71 | 7.91 | 4.16 | 1.59 |
| Net Income | 64.21 | 6.72 | -26.70 | -98.87 |
| Net Income Common Stockholders | 64.03 | 6.72 | -26.70 | -98.87 |
| Total Expenses | 1,355.45 | 1,481.68 | 1,731.05 | 2,050.86 |
| Interest Expense | 0.26 | 0 | 0 | 0 |
| Selling General And Administration | 629.79 | 600.90 | 587.25 | 559.89 |
| Normalized EBITDA | 174.73 | 102.61 | 77.53 | 137.28 |
| Normalized Income | 64.21 | 6.72 | -26.70 | -81.39 |
| Basic EPS | 1.20 | 0.13 | -0.50 | -1.79 |
| Diluted EPS | 1.19 | 0.13 | -0.50 | -1.79 |
| Tax Effect Of Unusual Items | 0 | 0 | 0 | -4.65 |
| Tax Rate For Calcs | 0.23 | 0.21 | 0.21 | 0.21 |
| Total Unusual Items | 0 | 0 | 0 | -22.12 |
| Total Unusual Items Excluding Goodwill | 0 | 0 | 0 | -22.12 |
| Net Income From Continuing Operation Net Minority Interest | 64.21 | 6.72 | -26.70 | -98.87 |
| Reconciled Depreciation | 80.61 | 82.97 | 84.70 | 85.52 |
| Reconciled Cost Of Revenue | 725.65 | 880.78 | 1,143.80 | 1,490.97 |
| Net Interest Income | -0.26 | 0 | 0 | 0 |
| Net Income From Continuing And Discontinued Operation | 64.21 | 6.72 | -26.70 | -98.87 |
| Total Operating Income As Reported | 94.38 | 22.67 | -1.67 | 13.66 |
| Diluted Average Shares | 53.87 | 52.51 | 53.53 | 55.10 |
| Basic Average Shares | 53.35 | 52.25 | 53.53 | 55.10 |
| Diluted NI Availto Com Stockholders | 64.04 | 6.72 | -26.70 | -98.87 |
| Average Dilution Earnings | 0 | 0 | 0 | 0 |
| Otherunder Preferred Stock Dividend | 0.18 | 0 | 0 | 0 |
| Net Income Including Noncontrolling Interests | 64.21 | 6.72 | -26.70 | -98.87 |
| Net Income Continuous Operations | 64.21 | 6.72 | -26.70 | -98.87 |
| Other Income Expense | -10.20 | -5.01 | -15.37 | -126.90 |
| Other Non Operating Income Expenses | -10.20 | -5.01 | -15.37 | -104.78 |
| Special Income Charges | 0 | 0 | 0 | -22.12 |
| Restructuring And Mergern Acquisition | 0 | 0 | 0 | 22.12 |
| Net Non Operating Interest Income Expense | -0.26 | 0 | 0 | 0 |
| Interest Expense Non Operating | 0.26 | 0 | 0 | 0 |
| Selling And Marketing Expense | 297.90 | 245.32 | 217.21 | 207.89 |
| General And Administrative Expense | 331.89 | 355.58 | 370.04 | 351.99 |
| Other Gand A | 331.89 | 355.58 | 370.04 | 351.99 |
| Operating Revenue | 1,449.57 | 1,501.33 | 1,723.88 | 2,080.49 |
Financial Services sector peers, ranked by market cap
| Company | Ticker | Market Cap | P/E | P/B | ROE | EV/EBITDA |
|---|---|---|---|---|---|---|
| Green Dot Corporationthis co. | GDOT | $681M | - | 0.76 | -11.1% | - |
| Orrstown Financial Services, Inc. | ORRF | $717M | 8.36 | 1.20 | 13.7% | - |
| SmartFinancial, Inc. | SMBK | $714M | 13.38 | 1.29 | 9.1% | - |
| LendingTree, Inc. | TREE | $675M | 4.49 | 2.32 | 52.8% | 11.25 |
| Financial Institutions, Inc. | FISI | $670M |
| 8.86 |
| 1.09 |
| 11.9% |
| - |
| South Plains Financial, Inc. | SPFI | $663M | 11.37 | 1.34 | 11.8% | - |
| Alerus Financial Corporation | ALRS | $658M | 37.87 | 1.16 | 3.1% | - |
| Tiptree Inc. | TIPT | $648M | - | 1.27 | 4.6% | -19.70 |
| Better Home & Finance Holding Company | BETR | $644M | - | 16.83 | -446.1% | - |
| Peer Median | - | 10.12 | 1.28 | 10.5% | -4.22 | |