Green Dot Corporation Q2 2025 Earnings Call Transcript

Green Dot Corporation (GDOT) reported Q2 2025 earnings, with Interim CEO William Jacobs discussing the financial and operating results. The company's financial measures are non-GAAP and reconciled in the press release. The call is open for questions, and participants include George Sutton from Craig-Hallum Capital Group and Michael Grondahl from Northland Capital Markets.

Green Dot Corporation (GDOT) has released its financial results for the second quarter of 2025, ending June 30. The company, a financial technology and bank holding company, reported total operating revenues of $504.2 million, a 24% increase from the same period last year. However, the company posted a net loss of $47.0 million, compared to a net loss of $28.7 million in Q2 2024. The diluted loss per common share was $0.85, up from $0.54 in the previous year [1].

On a non-GAAP basis, total operating revenues were $501.2 million, reflecting a 24% increase. Adjusted EBITDA rose by 34% to $45.4 million, and non-GAAP net income increased by 66% to $22.2 million. Non-GAAP diluted earnings per share were $0.40, up from $0.25 in Q2 2024 [1].

Green Dot's Banking as a Service (BaaS) division has seen significant growth, driven by new partnerships with Samsung and Credit Sesame. The company reported a gross dollar volume of $38.5 billion, up from $32.1 billion in Q2 2024. The number of active accounts stood at 3.48 million, slightly down from 3.51 million in the previous quarter [1].

Interim CEO William Jacobs highlighted the company's momentum and strategic partnerships, stating, "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" [1].

Green Dot has raised its full-year guidance for 2025, expecting non-GAAP total operating revenues to be between $2.0 billion and $2.1 billion, adjusted EBITDA between $160 million and $170 million, and non-GAAP EPS between $1.28 and $1.42 [1].

The company's updated financial outlook reflects several considerations, including the current macro-economic environment, the effect of inflation and interest rates, and investment in strategic initiatives. Green Dot remains optimistic about its growth prospects and expects to continue benefiting from its strategic partnerships and operational efficiencies [1].

References:
[1] https://www.tradingview.com/news/tradingview:578a1ef1277e4:0-green-dot-corporation-reports-q2-2025-financial-results/