GREEN DOT CORP

Listed Company

GDOTCIK 0001386278NYSEAcceleratedFinance ServicesDelawareFY ends Dec 31

Period

FY 2025

Revenue

$2.08B

Net Income

$-98.87M

Total Assets

—

Equity

—

Shares Out

56.68M

Op. Cash Flow

$138.56M

Business

Green Dot Corporation is a financial technology platform and registered bank holding company that builds banking and payment solutions and operates as the regulated issuing bank for the majority of its products. It offers digital bank accounts, reloadable prepaid and gift cards, secured credit programs, wage and disbursement solutions, tax refund processing and an embedded finance platform (Arc) to power partners. The company organizes operations into three reportable segments: Consumer Services, Business-to-Business (B2B) Services and Money Movement Services. Its products are distributed nationally through a large retail network, direct digital channels and integration partnerships with major consumer and technology companies.

Summary from filing dated 2025-03-04

Financials

Consolidated Statement of Income

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Operating revenues	1,991	1,662	1,464	1,407	1,414
Interest income, net	90	62	37	42	19
Total operating revenues	2,080	1,724	1,501	1,450	1,433
Sales and marketing expenses	208	217	245	298	382
Compensation and benefits expenses	254	251	239	244	265
Processing expenses	1,230	887	639	481	389
Other general and administrative expenses	352	370	356	332	331
Restructuring and other charges	22	0	0	—	—
Total operating expenses	2,067	1,726	1,479	1,355	1,367
Operating income (loss)	14	−2	23	94	66
Interest expense, net	6	6	3	255,000	—
Other (expense), net	−105	−15	−5	−10	−3
(Loss) income before income taxes	−97	−23	15	—	—
Income tax expense	2	4	8	20	16
Net (loss) income	−99	−27	7	64	47
Basic (loss) earnings per common share (in USD per share)	−1.79	−0.5	0.13	1.2	0.87
Diluted (loss) earnings per common share (in USD per share)	−1.79	−0.5	0.13	1.19	0.85
Basic weighted-average common shares issued and outstanding (in shares)	55	54	52	53	54
Diluted weighted-average common shares issued and outstanding (in shares)	55	54	53	54	55

Consolidated Balance Sheet

As of · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Unrestricted cash and cash equivalents	1,422	1,592	682	814	1,322
Restricted cash	44,000	44,000	4	6	3
Investment securities available-for-sale, at fair value	0	24	34	0	—
Settlement assets	947	616	738	493	320
Accounts receivable, net	197	132	110	74	80
Prepaid expenses and other assets	73	63	69	78	81
Income tax receivable	589,000	0	—	0	1
Total current assets	2,640	2,428	1,638	1,466	1,809
Investment securities available-for-sale, at fair value	2,468	2,009	2,203	2,364	—
Loans to bank customers, net of allowance for credit losses of $21,053 and $17,542 as of December 31, 2025 and 2024, respectively	56	32	31	21	—
Prepaid expenses and other assets	155	243	222	193	136
Property, equipment, and internal-use software, net	198	188	179	160	135
Operating lease right-of-use assets	1	11	5	8	11
Deferred expenses	789,000	1	2	15	17
Net deferred tax assets	92	124	117	117	15
Goodwill and intangible assets	374	398	420	445	467
Total assets	5,985	5,434	4,817	4,789	4,725
Accounts payable	115	104	120	114	51
Deposits	4,416	4,011	3,294	3,450	—
Obligations to customers	285	237	314	218	124
Settlement obligations	53	48	57	41	16
Amounts due to card issuing banks for overdrawn accounts	0	84,000	225,000	328,000	513,000
Other accrued liabilities	154	88	91	99	128
Operating lease liabilities	325,000	2	3	3	7
Deferred revenue	4	6	6	25	29
Income tax payable	2	7	6	12	291,000
Total current liabilities	5,030	4,502	3,953	3,962	3,643
Other accrued liabilities	282,000	1	2	6	4
Operating lease liabilities	2	9	3	5	8
Notes payable	64	49	0	—	—
Total liabilities	5,095	4,561	3,958	4,008	3,655
Commitments and contingencies (Note 21)	—	—	—	—	—
Class A common stock, $0.001 par value; 100,000 shares authorized as of December 31, 2025 and 2024; 55,565 and 54,227 shares issued and outstanding as of December 31, 2025 and 2024, respectively	56,000	55,000	53,000	52,000	55,000
Additional paid-in capital	427	408	376	341	401
Retained earnings	645	744	770	764	699
Accumulated other comprehensive loss	−182	−278	−287	−323	−30
Total stockholders equity	890	874	859	781	1,071
Total liabilities and stockholders equity	5,985	5,434	4,817	4,789	4,725

Consolidated Statement of Cash Flows

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Depreciation and amortization of property, equipment and internal-use software	65	63	59	57	57
Amortization of intangible assets	21	21	24	24	28
Provision for uncollectible overdrawn accounts from purchase transactions	13	20	25	14	20
Provision for loan losses	23	28	26	32	25
Stock-based compensation	19	30	34	35	51
Losses in equity method investments	87	16	9	16	−2
Realized loss on available-for-sale investment securities	25	0	0	—	—
Amortization of premium and discount on available-for-sale investment securities	377,000	−2	−2	−1	3
Impairment of long-lived assets	2	5	0	4	0
Deferred income tax expense (benefit)	368,000	−10	−12	−7	3
Other	4	−40,000	−4	−5	144,000
Accounts receivable, net	−78	−42	−60	−8	−32
Prepaid expenses and other assets	−6	182,000	3	5	−9
Deferred expenses	453,000	304,000	13	2	1
Accounts payable and other accrued liabilities	69	−19	690,000	41	−5
Deferred revenue	−3	−917,000	−20	−4	1
Income tax receivable/payable	−5	−22,000	−6	12	−14
Other, net	492,000	−629,000	515,000	−4	−7
Net cash provided by operating activities	139	81	98	278	167
Purchases of available-for-sale investment securities	−1,281	−12	0	−932	−1,396
Proceeds from maturities of available-for-sale securities	218	233	177	294	197
Proceeds from sales and calls of available-for-sale securities	731	273,000	186,000	3	7
Payments for property, equipment and internal-use software	−73	−74	−76	−84	−57
Net changes in loans	−43	−28	−29	−32	−28
Investment in TailFin Labs, LLC	0	−35	−35	−35	−35
Other investing activities	−2	−3	−4	−3	−852,000
Net cash (used in) provided by investing activities	−451	81	33	−820	−1,368
Borrowings on notes payable	15	50	0	0	—
Borrowings on revolving line of credit	0	238	282	100	0
Repayments on revolving line of credit	0	−299	−256	−65	0
Proceeds from exercise of options and ESPP purchases	4	5	6	6	8
Taxes paid related to net share settlement of equity awards	−3	−3	−4	−6	−13
Net changes in deposits	405	718	−159	157	555
Net changes in settlement assets and obligations to customers	−279	36	−132	−54	489
Deferred financing costs	−623,000	−1	0	0	0
Net cash provided by (used in) financing activities	141	743	−264	37	1,030
Net (decrease) increase in unrestricted cash, cash equivalents and restricted cash	−171	906	−133	−506	−171
Cash paid for interest	12	13	6	627,000	1
Cash paid for income taxes	6	14	24	13	27

Filings

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