| Metric | Value ($ M) | Q1 FY25 |
|---|---|---|
| Revenue | 629.01 | 17.1% |
| Total Income | 629.01 | 17.1% |
| Expenditure | 559.97 | 17.5% |
| PBT | — | |
| Net Profit | 53.75 | 108.6% |
| OPM | 10.98% | 0.33pp |
| NPM | 8.55% | 3.75pp |
| EPS | — |
Green Dot Reports Q1 2026 Results: Revenue Up 17%
12 May 2026 · 12 May, 1:53 am
Summary
Green Dot Corporation reported a strong first quarter in 2026, with total operating revenues increasing by 17% to $656.247 million. Net income saw a significant rise of 109%, reaching $53.753 million. The company's adjusted EBITDA also increased by 13% to $102.440 million. The company is preparing for acquisition by Smith Ventures and CommerceOne.
Key Highlights
- 1
Green Dot's total operating revenues increased by 17% to $656.247 million for the quarter ended March 31, 2026.
- 2
Net income for Q1 2026 was $53.753 million, a 109% increase compared to $25.773 million in Q1 2025.
- 3
Diluted earnings per common share rose by 98% to $0.93 for the quarter.
- 4
Adjusted EBITDA increased by 13% to $102.440 million.
- 5
Non-GAAP total operating revenues increased by 17% to $652.032 million.
- 6
Non-GAAP net income increased by 11% to $64.970 million.
- 7
Non-GAAP diluted earnings per share increased by 6% to $1.12.
Management Comments
William Jacobs
“Our results reflect our hard work to strengthen our platform and pipeline, accelerate momentum in our embedded finance division, and optimize our balance sheet. “These efforts help ensure the company has a strong foundation and ample growth opportunity going forward, as well as in its next chapter with Smith Ventures and CommerceOne.”
Jess Unruh
"We had a strong start to the year led by performance in our tax processing business, and outperformance in several of our other divisions," said Jess Unruh, Chief Financial Officer of Green Dot. "As we continue making investments that support top-line growth, we are also building a culture of cost discipline that helps drive our bottom-line results, as we benefited from modestly lower operating expenses in the quarter.”
Informational and educational content only. Not investment advice.