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GDOT

Green Dot Corporation

GDOT

Green Dot Corporation • NYSE
$12.57 ▲ 2.20% (+0.27)
Market Cap $696.65 M
52w High $15.41
52w Low $6.12
Dividend Yield 0%
P/E -14.79
Volume 1.04M
Outstanding Shares 55.42M

Income Statement

Period Revenue Operating Expense Net Income Net Profit Margin Earnings Per Share EBITDA
Q3-2025 $494.826M ▼ $153.38M ▲ $-30.791M ▲ -6.223% ▲ $-0.56 ▲ $6.984M ▼
Q2-2025 $504.176M ▼ $132.086M ▲ $-47.025M ▼ -9.327% ▼ $-0.85 ▼ $33.045M ▼
Q1-2025 $558.874M ▲ $126.214M ▲ $25.773M ▲ 4.612% ▲ $0.47 ▲ $79.743M ▲
Q4-2024 $455.024M ▲ $122.91M ▲ $5.103M ▲ 1.121% ▲ $0.095 ▲ $33.849M ▲
Q3-2024 $409.743M $121.076M $-7.84M -1.913% $-0.15 $16.21M

Balance Statement

Period Cash & Short-term Total Assets Total Liabilities Total Equity
Q3-2025 $1.637B ▼ $5.767B ▲ $4.854B ▲ $913.289M ▼
Q2-2025 $2.313B ▲ $5.583B ▼ $4.663B ▼ $920.882M ▼
Q1-2025 $1.875B ▲ $5.728B ▲ $4.78B ▲ $947.663M ▲
Q4-2024 $1.617B ▲ $5.434B ▲ $4.561B ▲ $873.585M ▼
Q3-2024 $1.497B $5.285B $4.353B $932.245M

Cash Flow Statement

Period Net Income Cash From Operations Cash From Investing Cash From Financing Net Change Free Cash Flow
Q3-2025 $-30.791M ▲ $23.326M ▼ $-789.121M ▼ $90.598M ▲ $-675.197M ▼ $3.542M ▼
Q2-2025 $-47.025M ▼ $68.98M ▼ $565.121M ▲ $-94.427M ▼ $539.674M ▲ $49.486M ▼
Q1-2025 $25.773M ▲ $108.721M ▲ $-63.457M ▼ $135.189M ▼ $180.453M ▲ $89.303M ▲
Q4-2024 $5.103M ▲ $-23.012M ▼ $-4.416M ▼ $166.27M ▲ $138.842M ▲ $-45.131M ▼
Q3-2024 $-7.84M $-16.279M $78.035M $74.62M $136.376M $-36.953M

Revenue by Products

Product Q4-2024Q1-2025Q2-2025Q3-2025
Card Revenues And Other Fees
Card Revenues And Other Fees
 $640.00M ▲$380.00M ▼$380.00M ▲$390.00M ▲
Interchange Revenues
Interchange Revenues
 $100.00M ▲$50.00M ▼$50.00M ▲$50.00M ▲
Processing And Settlement Service
Processing And Settlement Service
 $90.00M ▲$110.00M ▲$50.00M ▼$30.00M ▼

Five-Year Company Overview

Income Statement

Income Statement Revenue has grown steadily over the past five years, which shows the underlying demand for Green Dot’s services is moving in the right direction. The challenge is that profitability has not kept pace. Gross profit has softened relative to sales, suggesting rising costs, pricing pressure, or mix shift toward lower‑margin lines. Operating profit has hovered near breakeven and recently slipped back to essentially zero, while net income turned from modestly positive to a small loss in the latest year. In plain terms: the business is getting bigger, but not meaningfully more profitable yet, and margins look under pressure.

Balance Sheet

Balance Sheet The balance sheet is relatively conservative. Total assets have grown, and cash levels are healthy, giving the company flexibility to manage operations and invest. Debt remains very low compared with the size of the business, which reduces financial risk and interest burden. Equity has been broadly stable over time, though not expanding strongly, reflecting limited retained profits. Overall, Green Dot looks more cash‑rich than debt‑heavy, with a solid but not rapidly strengthening capital base.

Cash Flow

Cash Flow Green Dot consistently generates cash from its operations, but operating cash flow has come down from earlier highs, echoing the pressure seen in earnings. Free cash flow remains positive, yet the cushion has become thinner, leaving less room for missteps or large new investments without tapping other funding sources. Capital spending is steady and moderate, indicating continued investment in technology and infrastructure without overextending. The cash flow profile is stable but not notably robust, so improvements in profitability would matter a lot here.

Competitive Edge

Competitive Edge The company occupies a differentiated niche within financial services by focusing on prepaid, digital banking, and services for underbanked customers, while also powering financial features for major tech and retail partners. Its ownership of a bank charter, large physical reload network, and deep integrations with household‑name partners create meaningful barriers for new entrants. At the same time, it operates in a very competitive, fast‑moving fintech and banking‑as‑a‑service arena, where customer expectations, regulation, and partner concentration all pose ongoing risks. The moat is real but must be actively defended through reliable execution and strong partner relationships.

Innovation and R&D

Innovation and R&D Green Dot has steadily shifted from a prepaid card provider to a broader embedded‑finance and digital banking platform. Key innovations include its bank charter–backed infrastructure, the GO2bank mobile offering, co‑branded programs with major retailers and telecoms, and its role behind services like Apple Cash and various pay card and tax refund products. The new Arc embedded‑finance platform is an attempt to unify and modernize these capabilities for third‑party partners. Execution risk is significant, especially with planned corporate restructuring, but the company is clearly investing in product and platform evolution rather than standing still.

Summary

Green Dot shows a business that is growing in scale, well anchored by a strong regulatory position, major distribution and technology partnerships, and a history of serving customers often overlooked by traditional banks. The main financial tension is between rising revenue and weak, recently negative, bottom‑line performance, coupled with thinning free cash flow. The balance sheet and low debt provide a margin of safety, while the move toward embedded finance and the Arc platform offers upside potential if adopted broadly. However, the complex restructuring plans and intense competitive landscape introduce uncertainty, making future profitability and strategic execution the key areas to watch.

NEWS

November 25, 2025 · 10:53 AM UTC

GDOT Alert: Monsey Firm of Wohl & Fruchter Investigating Fairness of the Proposed Sale of Green Dot Corporation

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November 24, 2025 · 6:12 PM UTC

Green Dot Corporation Investor Alert By The Former Attorney General Of Louisiana: Kahn Swick & Foti, LLC Investigates Adequacy of Price and Process in Proposed Sale of Green Dot Corporation - GDOT

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November 24, 2025 · 10:00 AM UTC

Shareholder Alert: The Ademi Firm investigates whether Green Dot Corporation is obtaining a Fair Price for its Public Shareholders

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November 24, 2025 · 7:46 AM UTC

GDOT Stock Alert: Halper Sadeh LLC is Investigating Whether the Sale of Green Dot Corporation is Fair to Shareholders

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November 24, 2025 · 6:45 AM UTC

Green Dot Corp. Announces Strategic Transactions with Smith Ventures and CommerceOne Financial Corp.

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