Green Dot

Green Dot (GDOT) Q2 2025 Earnings

Reported Aug 11, 2025 at 4:17 PM ET · SEC Source

Q2 25 EPS

$0.40

BEAT +122.22%

Est. $0.18

Q2 25 Revenue

$504.2M

BEAT +2.77%

Est. $490.6M

vs S&P Since Q2 25

-5.5%

TRAILING MARKET

GDOT +11.4% vs S&P +16.9%

Market Reaction

Did GDOT Beat Earnings? Q2 2025 Results

Green Dot delivered a standout second quarter, posting non-GAAP EPS of $0.40 against a consensus estimate of $0.18, a beat of 122.22%, while revenue of $504.18 million cleared the $490.57 million estimate by 2.77% and grew 23.8% year over year. The d… Read more Green Dot delivered a standout second quarter, posting non-GAAP EPS of $0.40 against a consensus estimate of $0.18, a beat of 122.22%, while revenue of $504.18 million cleared the $490.57 million estimate by 2.77% and grew 23.8% year over year. The driving force behind the quarter was the company's B2B Services segment, which generated $348.65 million in revenue, up 38% from $252.06 million a year ago, fueled by growth from existing banking-as-a-service partners and newly announced relationships with Samsung and Credit Sesame on its Arc embedded finance platform. Gross dollar volume across the platform climbed to $38.55 billion from $32.13 billion, underscoring the scale of that momentum. On a GAAP basis, Green Dot recorded a net loss of $47.02 million, wider than the prior-year loss of $28.71 million, largely due to equity method investment losses and net other expenses. Management responded to the operational strength by raising full-year adjusted EBITDA guidance to $160 million to $170 million and lifting non-GAAP EPS guidance to $1.28 to $1.42, reflecting confidence in sustained B2B-driven growth.

Key Takeaways

  • B2B Services segment revenue grew 38% YoY driven by growth from existing BaaS partners
  • Non-GAAP revenue up 24% and adjusted EBITDA up 34% driven by balance sheet optimization, growth from existing partners, and disciplined cost management
  • Net interest income nearly doubled YoY to $21.5 million from $14.7 million
  • Consolidated gross dollar volume rose 20% to $38.5 billion from $32.1 billion
  • Adjusted EBITDA margin expanded to 9.1% from 8.4%
24/7 Wall St

GDOT YoY Financials

Q2 2025 vs Q2 2024, source: SEC Filings

24/7 Wall St

GDOT Revenue by Segment

With YoY comparisons, source: SEC Filings

Q4 24 Q2 26

“It was another solid quarter as we built on the momentum of the last several quarters, launched a new partnership with Samsung and announced an exciting new partnership with Credit Sesame.”

— William Jacobs, Q2 2025 Earnings Press Release