Earnings Releases·Nov 9, 2026, 4:27 PM ET

Green Dot — Third Quarter 2026 Earnings Summary

Total operating revenues rose 21% year-over-year to $601.1 million for the quarter and 19% to $1,853.2 million for the nine months; GAAP net loss narrowed to $7.4 million in the quarter from $30.8 million, while GAAP net income turned positive at $44.3 million for the nine months compared to a $52.0 million loss previously.
Adjusted EBITDA increased 9% to $25.8 million for the quarter and 6% to $168.4 million for the nine months, though margins contracted to 4.3% and 9.2% respectively due to revenue mix shifts.
The company will not provide 2026 financial guidance due to a proposed acquisition by Smith Ventures and CommerceOne, with transaction completion expected in Q1 2027 subject to regulatory approvals.
Strategic momentum is driven by B2B Services growth and Earned Wage Access expansion, while Consumer Services and Money Movement segments face headwinds from channel shifts and revenue mix changes.
Total assets grew to $6.26 billion and deposits increased to $4.73 billion as of September 30, 2026, with $38 million in cash at the holding company.