Green Dot Corporation
greendot.comWhat Do They Do?
Provides consumer banking accounts and payment cards, plus banking and money-moving services for businesses.
10-K for FY2025, filed Mar 16, 2026Innovative consumer and small business checking account products that allow customers to acquire and manage their checking account entirely…View ↗
Cash transfer services that enable consumers to deposit or pick up cash and pay bills with cash at the point-of-sale at any participating…View ↗
Our B2B Services segment consists of revenues and expenses derived from (i) our partnerships with prominent consumer and technology…View ↗
How Do They Make Money?
Accountholders pay monthly and transaction fees, while business partners pay monthly for program-management services; the bank also earns interest on deposits. Merchants pay fees on card purchases, and consumers or business partners pay when reloads, disbursements, or tax-refund transfers are completed.
10-K for FY2025, filed Mar 16, 2026Fees assessed to merchants for purchase transactions initiated by our accountholders (commonly known as interchange); Card revenues and…View ↗
Card revenues and other fees consist of monthly maintenance fees, new card fees, ATM fees, and other card revenues. We earn these fees…View ↗
Substantially all our fees are collected from our accountholders at the time the fees are assessed and debited from their account balance.View ↗
Program management service fees from our BaaS partners are generally earned over time on a monthly basis, pursuant to the terms of each…View ↗
We generate cash transfer revenues when consumers purchase our cash transfer products (reload services) in a retail store. Our reload…View ↗
We earn tax refund processing service revenues when a customer of a third-party tax preparation company chooses to pay their tax…View ↗
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10-K for FY2025, filed Mar 16, 2026
FY2025 revenue by product or service (Operating revenues) ↗
$2.1B
-
10-K for FY2025, filed Mar 16, 2026
$2.1B ↗
| Segment | Share | Revenue | How money arrives |
|---|---|---|---|
|
Card revenues and other fees
|
79%
FY2022: 62%
|
Card revenues and other fees, FY2025
$1.6B Sources
|
|
|
Cash processing revenues
Usage-based
10-K for FY2025, filed Mar 16, 2026 |
12%
FY2022: 17%
|
Cash processing revenues, FY2025
$240.2M Sources
|
Usage-based |
|
Interchange revenues
Usage-based
|
9.3%
FY2022: 21%
|
Interchange revenues, FY2025
$184.6M Sources
|
Usage-based |
Who Are Their Customers?
Consumers open accounts directly online or through the app, or buy cards through retail stores. Businesses use banking and payroll services through partner integrations; banks, program managers and tax preparers reach customers through retail, tax-preparer and online-provider networks.
10-K for FY2025, filed Mar 16, 2026Our B2B Services segment consists of revenues and expenses derived from (i) our partnerships with prominent consumer and technology…View ↗
Our Consumer Services segment consists of revenues and expenses derived from deposit account programs, such as consumer checking accounts…View ↗
In our Retail channel, we operate a supply chain comprised of proprietary technology and third-party vendors to design, manufacture and…View ↗
Our money processing services, such as cash deposit and disbursements, are marketed to third-party banks, program managers, and other…View ↗
We market our tax related financial services through a network of tax preparation franchises, independent tax professionals and online tax…View ↗
Do Revenues Turn Into Profits?
Not on paper. It lost $98.9M in FY2025, but brought in more cash than it spent: $66M of free cash flow.
10-K for FY2025, filed Mar 16, 2026
$13.7MView ↗
10-K for FY2025, filed Mar 16, 2026
−$98.9MView ↗
10-K for FY2025, filed Mar 16, 2026
$66MView ↗
How Are They Changing?
- Net income
-
Sources
10-Q for Q2 FY2026, filed Aug 10, 2026
−$2.1MView ↗
- ▼ −96% (Loss)
- vs −$47M in Q2 FY2025
10-Q for Q2 FY2026, filed Aug 10, 2026
Open tableView ↗
Growing. Revenue grew 45% in 4 years, from $1.4B in FY2021 to $2.1B in FY2025, about 10% a year.
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