The company has not filed an annual or quarterly report since its FY2021 10-K, filed Mar 11, 2022. Its latest SEC filing is a 4/A from Oct 6, 2023.
10-K for FY2021, filed Mar 11, 2022
The sections below describe the company as of the FY2021 annual report.
Provides point-of-sale financing and payments technology for home-improvement contractors, healthcare providers and retailers, connecting them with consumers and bank partners.
10-K for FY2021, filed Mar 11, 2022Unless the context requires otherwise, "we," "us," "our," "GreenSky" and "the Company" refer to GreenSky, Inc. and its subsidiaries. "Bank…View ↗
Merchants. Merchants using our platform presently range from small, owner-operated home improvement contractors and healthcare providers to…View ↗
Bank Partners. Bank Partners in our ecosystem have access to our proprietary technology solution and merchant network, enabling them to…View ↗
Merchants pay a one-time fee for each purchase financed through a bank partner, with fees billed and collected at least monthly; GreenSky also receives servicing fees from bank partners and may share in excess loan-portfolio profits.
10-K for FY2021, filed Mar 11, 2022We earn a specified transaction fee in connection with purchases made by borrowers that are financed by our Bank Partners. The transaction…View ↗
The merchant fee is calculated by multiplying a set fee percentage (as outlined in a schedule provided to the merchants) by the dollar…View ↗
Our business model, built upon repeat and growing usage by merchants, allows us to generate recurring revenues with limited customer…View ↗
$518.1M
10-K for FY2021, filed Mar 11, 2022
$518.1M ↗
Small contractors, healthcare providers and national brands use the platform to offer consumer financing; GreenSky also serves bank partners, while Sponsors help source prospective merchants.
10-K for FY2021, filed Mar 11, 2022
Yes. It kept 8 cents of every revenue dollar as net income in .
10-K for FY2021, filed Mar 11, 2022
8-K, filed Mar 29, 2022
As described above, on March 29, 2022, pursuant to and in accordance with the Merger Agreement, (i) GreenSky merged with and into Merger…View ↗
Grew. Revenue grew 59% in 4 years, from $325.9M in to $518.1M in , about 12% a year.
Loan sales and funding
The earlier report describes transaction fees and loan servicing; the latest also describes facilitating sales of loan participations and whole loans, and buying participations for resale to investors, financial institutions or bank partners.
10-K for FY2018, filed Mar 15, 2019 10-K for FY2021, filed Mar 11, 2022We have a strong recurring revenue model built upon repeat and growing usage by merchants. We derive most of our revenue and profitability…View ↗
Our business model, built upon repeat and growing usage by merchants, allows us to generate recurring revenues with limited customer…View ↗
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