NYSE$GDOT

Green Dot Corp · Q3 2025 earnings

Q3 2025 earnings · · After market close · Investor relations

Briefing

Green Dot reported a net loss and lower adjusted EBITDA in Q3 2025 despite strong revenue growth, driven by momentum in embedded finance and improved trends in the Consumer segment.

Green Dot delivered Q3 2025 results above expectations with 21% revenue growth, though profitability was impacted by restructuring costs and increased investment in operations.

  • Total operating revenues reached $494.8 million, up from $409.7 million last year.
  • The company posted a GAAP net loss of $30.8 million, significantly wider than the $7.8 million loss in Q3 2024.
  • Adjusted EBITDA decreased to $23.6 million from $28.3 million in Q3 2024.
  • Green Dot raised its full-year guidance for adjusted EBITDA and non-GAAP EPS, reflecting confidence in operational execution.

Headline financials

Total Revenue

$495M

Previous: $410M+20.8%
EPS (adj)

$0.06

Previous: $0.15-60.0%
Gross Dollar Volume

$39.5B

No prior period
Number of Active Accounts

3.5M

No prior period
Purchase Volume

$4.74B

No prior period
Consumer Services GDV

$3.64B

No prior period
Consumer Services Active Accts

1.6M

No prior period
Consumer Services DD Accts

400.0K

No prior period
Consumer Services Purchase Vol

$2.73B

No prior period
B2B Services GDV

$35.9B

No prior period
B2B Services Active Accts

1.9M

No prior period
B2B Services Purchase Vol

$2.01B

No prior period
Cash Transfers

7.4M

No prior period
Tax Refunds Processed

200.0K

No prior period
Adjusted EBITDA

$23.6M

No prior period
Adjusted EBITDA Margin

4.8%

No prior period
Cash at Holding Company

$78M

No prior period
Capital Expenditures

-$58.7M

Previous: -$52.2M-12.5%
Net Income

-$30.8M

Previous: -$7.84M-292.7%
Operating Income

-$32.8M

Previous: -$2.93M-1019.7%

Revenue & EPS history

Green Dot · Revenue · Quarterly

$495M

Q3 2025+20.8%vs Q3 2024
Beat estimate in 12 of 15 quarters(80%)
ActualEstimate

Forward guidance

Green Dot raised its full-year 2025 guidance ranges for adjusted EBITDA and non-GAAP EPS, citing confidence in execution and strong partner momentum.

Tailwinds

  • FY25 non-GAAP total operating revenue now expected between $2.0B and $2.1B.
  • Adjusted EBITDA guidance raised to $165M–$175M, up from $160M–$170M.
  • Non-GAAP EPS guidance lifted to $1.31–$1.44.
  • Continued growth in embedded finance and new BaaS partner launches.
  • Operational efficiency improvements supporting margin expansion.

Headwinds

  • GAAP net loss projected between $65.2M and $72.8M for FY25.
  • Ongoing impact of restructuring and strategic exit costs (e.g., China shutdown).
  • Reduced profitability in Consumer Services compared to last year.
  • Lower adjusted EBITDA margin of 4.8% in Q3 2025, down from 7.0% in Q3 2024.
  • Higher legal and severance expenses impacting quarterly results.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 19 quarterly earnings reports · overlaid with Q3 2025

Historical avgQ3 2025

-0.7%

Avg return

Earnings day

-1.1%

Avg return

5 days after

-0.6%

Avg return

30 days after

48%

31 / 64 earnings

Positive

+34.8%

Q2 2025

Best reaction

-40.8%

Q2 2019

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026-1.6%+0.1%
Q4 2025-6.0%-0.4%+2.8%
Q3 2025-3.7%-8.3%+14.9%
Q2 2025+34.8%+33.7%+37.1%
Q1 2025+25.0%+16.1%+10.1%
Q4 2024-6.4%-13.1%+2.3%
Q3 2024-17.9%-14.2%-20.8%
Q2 2024+15.8%+22.1%+21.7%
Q1 2024+3.0%+10.7%+6.1%
Q4 2023-0.8%-4.2%+11.2%
Q3 2023-35.5%-32.9%-23.4%
Q2 2023-14.4%-15.6%-21.9%
Q1 2023+14.9%+5.3%+15.2%
Q4 2022-0.3%+6.6%-9.2%
Q3 2022-3.1%+4.2%-0.5%
Q2 2022-14.3%-17.9%-30.0%
Q1 2022-7.7%-14.0%-0.6%
Q4 2021-10.1%-7.8%-6.9%
Q3 2021+0.8%+0.7%-21.1%
Q2 2021-0.3%+4.8%+18.8%
Q1 2021-0.9%-4.9%-7.5%
Q4 2020-4.9%-9.7%-9.6%
Q3 2020-3.1%-2.6%-1.0%
Q2 2020+7.0%+1.2%+0.5%
Q1 2020+10.6%+6.3%+22.2%
Q4 2019+8.8%+6.5%-45.4%
Q3 2019-16.6%-11.8%-15.0%
Q2 2019-40.8%-39.9%-39.5%
Q1 2019-26.2%-25.6%-21.3%
Q4 2018-10.2%-13.6%-21.4%
Q3 2018+15.4%-0.9%-1.8%
Q2 2018+3.4%+2.0%+5.8%
Q1 2018+15.3%+15.6%+20.7%
Q4 2017+9.0%+9.3%+7.0%
Q3 2017+12.9%+12.1%+6.0%
Q2 2017+15.4%+12.8%+19.5%
Q1 2017+4.0%+4.5%+14.0%
Q4 2016+7.0%+10.9%+21.4%
Q3 2016+1.8%+7.6%+15.9%
Q2 2016+2.6%+2.5%-0.7%
Q1 2016+1.5%
Q4 2015+6.7%
Q3 2015-8.5%
Q2 2015-7.2%
Q1 2015-8.9%
Q4 2014-22.6%
Q3 2014-1.9%
Q2 2014+3.1%
Q1 2014+5.8%
Q4 2013+3.1%
Q3 2013+3.4%
Q2 2013-1.1%
Q1 2013-2.7%
Q4 2012+6.2%
Q3 2012+0.5%
Q2 2012+0.9%
Q1 2012-4.8%
Q4 2011+2.4%
Q3 2011-3.2%
Q2 2011+10.3%
Q1 2011+2.5%
Q4 2010-8.1%
Q3 2010-2.4%
Q2 2010-4.4%
Q1 2010

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