GREEN DOT CORP (GDOT) Form 10-Q — Aug 10, 2026
Green Dot posted Q2 2026 operating revenues of $595.9 million, up 18.2% year over year, but swung to a small net loss of $2.1 million, or $(0.04) per share, versus a $47.0 million loss in Q2 2025 as processing expenses jumped 35%. For the first six months, net income was $51.7 million ($0.89 diluted EPS), a sharp swing from a $21.3 million loss a year earlier. Growth is concentrated in Banking-as-a-Service: B2B Services revenue rose 29% to $448.4 million on 22% gross dollar volume growth, while Consumer Services revenue fell 9% with active accounts down 12% to 1.47 million and tax refunds processed down 23% in the quarter.
Key figures
- Revenue
- 595883000
- Guidance
- Excluding impacts from the proposed CommerceOne/Smith Ventures transactions and non-operating items such as TailFin equity method losses, management expects core results of operations to stabilize on a full year basis year-over-year in 2026.
- Total Debt
- 63739000
- Debt Amount
- 65000000
- Total Assets
- 6192055000
- Cash Position
- 1143395000
- Interest Rate
- 8.75
- Maturity Date
- 2029-09-15
- Shares Outstanding
- 56985179
- Deposits
- 4640329000
- Q2 revenue yoy
- +18.2%
- Active accounts
- 3450000
- Cash transfers q2
- 7380000
- Six month revenue
- 1252130000
- Purchase volume q2
- 4704000000
- Active accounts yoy
- -0.9%
- Payments sale price
- 690000000
- Six month net income
- 51666000
- Merger exchange ratio
- 0.2215
- Merger per share cash
- 8.11
- Six month diluted eps
- 0.89
- B2b segment revenue q2
- 448435000
- Gross dollar volume q2
- 45906000000
- Purchase volume q2 yoy
- -5.8%
- B2b segment revenue yoy
- +28.6%
- Consumer active accounts
- 1470000
- Tax refunds processed q2
- 2890000
- Gross dollar volume q2 yoy
- +19.1%
- Consumer segment revenue q2
- 84752000
- Consumer active accounts yoy
- -12.0%
- Consumer segment revenue yoy
- -9.0%
- Tax refunds processed q2 yoy
- -22.5%
- Effective tax rate six months
- 20.9%
- Remaining buyback authorization
- 4500000
- Baas partner revenue concentration q2
- approximately 70%
Price after filing
Close on the filing date to close N calendar days later (from $13.15). Historical, not a forecast.
AI analysis
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