Quarterly ResultAug 10, 2026, 04:29 PM
Green Dot Q2 Revenue +18% to $595.9M; GAAP Net Loss $(2.1M)
AI Summary
Green Dot Corporation reported Q2 2026 financial results, with total operating revenues increasing 18% to $595.9 million and GAAP net loss significantly improving to $(2.1) million from $(47.0) million year-over-year. Non-GAAP diluted EPS was $0.26, down from $0.40. The company continues to prepare for its proposed acquisition by Smith Ventures and CommerceOne, which will separate its FinTech business and Green Dot Bank, pending regulatory approvals.
Key Highlights
- Proposed acquisition by Smith Ventures and CommerceOne is progressing, pending regulatory approvals.
- Total operating revenues increased 18% to $595.9 million for Q2 2026.
- GAAP net loss improved 96% to $(2.1) million in Q2 2026 from $(47.0) million.
- Non-GAAP diluted EPS was $0.26 for Q2 2026, down from $0.40 in the prior year.
- Adjusted EBITDA decreased 12% to $40.2 million for Q2 2026, but YTD adjusted EBITDA rose 5%.
- B2B Services segment revenue grew to $448.4 million, with profit of $32.4 million.
- Consumer Services segment revenue declined to $84.8 million, with profit of $25.8 million.
- Money Movement Services segment revenue was $46.9 million, with profit of $30.2 million.
Price Impact
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