Green Dot Corp - Class A

Green Dot posted a better-than-expected fourth quarter, reporting a non-GAAP loss per share of $0.08 against a consensus estimate of $0.10, a 20.00% beat, while revenue of $522.62 million cleared the $508.09 million estimate by 2.86% and grew 14.8% year over year. The headline numbers, however, masked significant underlying pressure: GAAP net loss widened to $46.82 million compared to net income of $5.10 million a year ago, as elevated transaction and acquisition costs, restructuring charges tied to the closure of China operations, and higher operating expenses weighed heavily on the bottom line. The primary bright spot was the B2B Services segment, where revenue surged 24% to $385.58 million, driven by a significant BaaS partner and broad portfolio expansion, even as BaaS active account growth of 21% came with margin compression. The quarter arrived amid the backdrop of a pending dual-track acquisition announced in late 2025, with Smith Ventures set to acquire the non-bank fintech business and CommerceOne Financial to acquire Green Dot Bank, leaving the company without an earnings call or forward guidance.