| Metric | Value ($ M) | Q1 FY26 | Q2 FY25 |
|---|---|---|---|
| Revenue | 574.39 | 8.7% | 19.0% |
| Total Income | 574.39 | 8.7% | 19.0% |
| Expenditure | 575.15 | 2.7% | 22.6% |
| PBT | — | ||
| Net Profit | -2.09 | 103.9% | 95.6% |
| OPM | -0.13% | 11.11pp | 2.91pp |
| NPM | -0.36% | 8.91pp | 9.38pp |
| EPS | — |
Green Dot Reports Q2 2026 Results with 18% Revenue Growth Amidst Acquisition Preparations
11 Aug 2026 · 11 Aug, 1:59 am
Summary
Green Dot Corporation reported a strong 18% increase in total operating revenues for the second quarter of 2026, reaching $595.9 million, driven by an 18% rise in non-GAAP operating revenues to $591.3 million. While Adjusted EBITDA saw a 12% decrease year-over-year to $40.2 million, it increased 5% year-to-date to $142.6 million. The company reported a reduced net loss of $2.1 million for the quarter, compared to a loss of $47.0 million in the prior year. Management highlighted solid performance and progress in modernizing its platform and optimizing its balance sheet in preparation for its acquisition by Smith Ventures and CommerceOne.
Key Highlights
- 1
Total operating revenues increased by 18% to $595.9 million for the three months ended June 30, 2026, compared to $504.2 million in the prior-year period.
- 2
Non-GAAP total operating revenues also grew by 18% to $591.3 million for the second quarter of 2026.
- 3
Adjusted EBITDA for the second quarter of 2026 was $40.2 million, a decrease of 12% compared to $45.4 million in the prior-year period.
- 4
For the six months ended June 30, 2026, total operating revenues increased by 18% to $1,252.1 million, and adjusted EBITDA was up 5% year-over-year at $142.6 million.
- 5
The company reported a net loss of $2.1 million for the three months ended June 30, 2026, compared to a net loss of $47.0 million in the prior-year period.
- 6
Non-GAAP net income for the quarter was $14.9 million, a decrease of 33% from $22.2 million in the prior-year period.
- 7
Green Dot is preparing for its acquisition by Smith Ventures and CommerceOne, and as a result, will not be hosting an earnings conference call or providing 2026 financial guidance.
Management Comments
William I Jacobs
The business continues to make headway in strengthening the foundation and optimizing our balance sheet, and we are seeing those efforts pay off. We are pleased to deliver another solid quarter as we prepare for our next chapter with Smith Ventures and CommerceOne.
Jess Unruh
It was a solid second quarter, coming in modestly ahead of our internal expectations, with several of our divisions generating better-than-expected operating income. Adjusted EBITDA was lower year over year due to the timing of tax revenues and up 5% year to date. The returns on our investments to support and drive growth are becoming more evident, and I am equally proud of the team for building a culture of cost containment and efficiency.
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