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% | 270.3% |
| 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% | - | - |
| 2021 | - | - |
Income statement, balance sheet, and cash flow as reported
Consolidated Figures in USD Millions.
| Metric | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Total Revenue | - | 1,449.57 | 1,501.33 | 1,723.88 | 2,080.49 |
| Operating 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 |
| Selling General And Administration | - | 629.79 | 600.90 | 587.25 | 559.89 |
| Total Expenses | - | 1,355.45 | 1,481.68 | 1,731.05 | 2,050.86 |
| Operating Income | - | 94.12 | 19.64 | -7.17 | 29.63 |
| Total Operating Income As Reported | - | 94.38 | 22.67 | -1.67 | 13.66 |
| EBITDA | - | 174.73 | 102.61 | 77.53 | 115.15 |
| Normalized EBITDA | - | 174.73 | 102.61 | 77.53 | 137.28 |
| EBIT | - | 94.12 | 19.64 | -7.17 | 29.63 |
| Interest Expense | 0.15 | 0.26 | - | - | - |
| Net Interest Income | -0.15 | -0.26 | - | - | - |
| Other Non Operating Income Expenses | - | -10.20 | -5.01 | -15.36 | -104.78 |
| Other Income Expense | - | -10.20 | -5.01 | -15.36 | -126.90 |
| Interest Expense Non Operating | 0.15 | 0.26 | - | - | - |
| Net Non Operating Interest Income Expense | -0.15 | -0.26 | - | - | - |
| Pretax Income | - | 83.92 | 14.63 | -22.54 | -97.27 |
| Tax Provision | - | 19.71 | 7.91 | 4.16 | 1.59 |
| Tax Rate For Calcs | - | 0 | 0 | 0 | 0 |
| Tax Effect Of Unusual Items | - | 0 | 0 | 0 | -4.65 |
| Net Income Continuous Operations | - | 64.21 | 6.72 | -26.70 | -98.87 |
| Net Income From Continuing And Discontinued Operation | - | 64.21 | 6.72 | -26.70 | -98.87 |
| Net Income From Continuing Operation Net Minority Interest | - | 64.21 | 6.72 | -26.70 | -98.87 |
| Net Income | - | 64.21 | 6.72 | -26.70 | -98.87 |
| Net Income Common Stockholders | - | 64.03 | 6.72 | -26.70 | -98.87 |
| Net Income Including Noncontrolling Interests | - | 64.21 | 6.72 | -26.70 | -98.87 |
| Normalized Income | - | 64.21 | 6.72 | -26.70 | -81.39 |
| Diluted NI Availto Com Stockholders | - | 64.04 | 6.72 | -26.70 | -98.87 |
| Basic Average Shares | - | 53.35 | 52.25 | 53.53 | 55.10 |
| Diluted Average Shares | - | 53.87 | 52.51 | 53.53 | 55.10 |
| Reconciled Depreciation | - | 80.61 | 82.97 | 84.70 | 85.52 |
| Reconciled Cost Of Revenue | - | 725.65 | 880.78 | 1,143.80 | 1,490.97 |
| Total Unusual Items | - | - | 0 | 0 | -22.12 |
| Total Unusual Items Excluding Goodwill | - | - | 0 | 0 | -22.12 |
| Special Income Charges | - | - | 0 | 0 | -22.12 |
| Restructuring And Mergern Acquisition | - | - | 0 | 0 | 22.12 |
| General And Administrative Expense | - | 331.89 | 355.58 | 370.04 | 351.99 |
| Other Gand A | - | 331.89 | 355.58 | 370.04 | 351.99 |
| Selling And Marketing Expense | - | 297.90 | 245.32 | 217.21 | 207.89 |
| Otherunder Preferred Stock Dividend | 0.41 | 0.18 | 0 | 0 | - |
| Average Dilution Earnings | 0.01 | 0 | 0 | 0 | - |
Financial Services sector peers, ranked by market cap
| Company | Ticker | Market Cap | P/E | P/B | ROE | EV/EBITDA |
|---|---|---|---|---|---|---|
| Green Dot Corporationthis co. | GDOT | $726M | -7.34 | 0.82 | -11.1% | -5.47 |
| Capital City Bank Group, Inc. | CCBG | $757M | 12.29 | 1.37 | 11.1% | - |
| World Acceptance Corporation | WRLD | $755M | 8.41 | 1.72 | 20.4% | - |
| Orrstown Financial Services, Inc. | ORRF | $736M | 9.11 | 1.24 | 13.7% | - |
| Navient Corporation | NAVI | $730M |
| - |
| - |
| - |
| - |
| - |
| - |
| 0.30 |
| -3.3% |
| - |
| Alerus Financial Corporation | ALRS | $721M | 41.37 | 1.28 | 3.1% | - |
| Financial Institutions, Inc. | FISI | $721M | 9.63 | 1.18 | 12.2% | - |
| SmartFinancial, Inc. | SMBK | $712M | 14.13 | 1.29 | 9.1% | - |
| Independent Bank Corporation | IBCP | $705M | 10.28 | 1.40 | 13.6% | - |
| Peer Median | - | 10.28 | 1.28 | 11.7% | - | |