Green Dot (GDOT)
Market Price (11/1/2026): $12.31 | Market Cap: $701.5 MilSector: Financials | Industry: Consumer Finance
Green Dot (GDOT)
Market Price (11/1/2026): $12.31Market Cap: $701.5 MilSector: FinancialsIndustry: Consumer Finance
Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.
Cash is significant % of market capNet D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is -154% Attractive yieldFCF Yield is 12% Low stock price volatilityVol 12M is 25% Megatrend and thematic driversMegatrends include Fintech & Digital Payments. Themes include Digital Payments, and Online Banking & Lending. | Weak multi-year price returns2Y Excs Rtn is -26%, 3Y Excs Rtn is -76% | Expensive valuation multiplesP/EBITPrice/EBIT or Price/(Operating Income) ratio is 29x Yield minus risk free rate is negativeERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is -9.3% Key risksGDOT key risks include [1] severe regulatory penalties and mandated compliance program overhauls due to past failures and [2] a substantial single point of failure from its heavy dependence on major partners. |
| Cash is significant % of market capNet D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is -154% |
| Attractive yieldFCF Yield is 12% |
| Low stock price volatilityVol 12M is 25% |
| Megatrend and thematic driversMegatrends include Fintech & Digital Payments. Themes include Digital Payments, and Online Banking & Lending. |
| Weak multi-year price returns2Y Excs Rtn is -26%, 3Y Excs Rtn is -76% |
| Expensive valuation multiplesP/EBITPrice/EBIT or Price/(Operating Income) ratio is 29x |
| Yield minus risk free rate is negativeERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is -9.3% |
| Key risksGDOT key risks include [1] severe regulatory penalties and mandated compliance program overhauls due to past failures and [2] a substantial single point of failure from its heavy dependence on major partners. |
Qualitative Assessment
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Green Dot (GDOT) stock has lost about 5% since 7/31/2026 because of the following key factors:
1. Green Dot reported a significant miss in its fiscal Q2 2026 earnings per share (EPS), announced on August 10, 2026. The company's adjusted non-GAAP diluted EPS was $0.26, which fell short of the $0.39 consensus estimate by 33.33% and broke a seven-quarter streak of beating EPS expectations. This was accompanied by a 12% decrease in adjusted EBITDA to $40.18 million for the quarter.
2. The company's decision to withhold future financial guidance for fiscal year 2026 created uncertainty among investors. Green Dot opted not to issue guidance due to its pending acquisition by Smith Ventures and CommerceOne Financial Corporation, leaving investors to weigh the company's growth trajectory against near-term profit pressures.
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Green Dot (GDOT) stock has lost about 5% since 7/31/2026 because of the following key factors:
1. Green Dot reported a significant miss in its fiscal Q2 2026 earnings per share (EPS), announced on August 10, 2026. The company's adjusted non-GAAP diluted EPS was $0.26, which fell short of the $0.39 consensus estimate by 33.33% and broke a seven-quarter streak of beating EPS expectations. This was accompanied by a 12% decrease in adjusted EBITDA to $40.18 million for the quarter.
2. The company's decision to withhold future financial guidance for fiscal year 2026 created uncertainty among investors. Green Dot opted not to issue guidance due to its pending acquisition by Smith Ventures and CommerceOne Financial Corporation, leaving investors to weigh the company's growth trajectory against near-term profit pressures.
3. Analysts maintain a cautious outlook, forecasting a decrease in Green Dot's earnings for the upcoming fiscal year. While analysts have an average "Hold" rating, the consensus rating score for Green Dot (2.00) is lower than the average for its "finance" industry peers (2.27). Furthermore, analysts anticipate Green Dot's EPS to decrease by 7.58% in the next fiscal year, from $1.32 to $1.22 per share.
4. The Consumer Services segment experienced headwinds, contributing to pressure on overall profitability. Despite strong growth in B2B Services revenue, the Consumer Services segment saw a 4.1% decline in fiscal Q2 2026, primarily due to shifts from retail to digital and reduced marketing spend.
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Stock Movement Drivers
Fundamental Drivers
The -6.2% change in GDOT stock from 7/31/2026 to 10/31/2026 was primarily driven by a -8.3% change in the company's P/S Multiple.| (LTM values as of) | 7312026 | 10312026 | Change |
|---|---|---|---|
| Stock Price ($) | 13.11 | 12.30 | -6.2% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 2,178 | 2,270 | 4.2% |
| P/S Multiple | 0.3 | 0.3 | -8.3% |
| Shares Outstanding (Mil) | 56 | 57 | -1.8% |
| Cumulative Contribution | -6.2% |
Market Drivers
7/31/2026 to 10/31/2026| Return | Correlation | |
|---|---|---|
| GDOT | -6.2% | |
| Market (SPY) | 1.2% | -4.6% |
| Sector (XLF) | -0.8% | 18.4% |
Fundamental Drivers
The -2.0% change in GDOT stock from 4/30/2026 to 10/31/2026 was primarily driven by a -8.1% change in the company's P/S Multiple.| (LTM values as of) | 4302026 | 10312026 | Change |
|---|---|---|---|
| Stock Price ($) | 12.55 | 12.30 | -2.0% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 2,080 | 2,270 | 9.1% |
| P/S Multiple | 0.3 | 0.3 | -8.1% |
| Shares Outstanding (Mil) | 55 | 57 | -2.2% |
| Cumulative Contribution | -2.0% |
Market Drivers
4/30/2026 to 10/31/2026| Return | Correlation | |
|---|---|---|
| GDOT | -2.0% | |
| Market (SPY) | 5.4% | 5.9% |
| Sector (XLF) | 8.8% | 28.5% |
Fundamental Drivers
The 5.9% change in GDOT stock from 10/31/2025 to 10/31/2026 was primarily driven by a 17.7% change in the company's Total Revenues ($ Mil).| (LTM values as of) | 10312025 | 10312026 | Change |
|---|---|---|---|
| Stock Price ($) | 11.61 | 12.30 | 5.9% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 1,928 | 2,270 | 17.7% |
| P/S Multiple | 0.3 | 0.3 | -7.3% |
| Shares Outstanding (Mil) | 55 | 57 | -2.9% |
| Cumulative Contribution | 5.9% |
Market Drivers
10/31/2025 to 10/31/2026| Return | Correlation | |
|---|---|---|
| GDOT | 5.9% | |
| Market (SPY) | 11.7% | 30.4% |
| Sector (XLF) | 9.2% | 41.5% |
Fundamental Drivers
The 10.0% change in GDOT stock from 10/31/2023 to 10/31/2026 was primarily driven by a 54.6% change in the company's Total Revenues ($ Mil).| (LTM values as of) | 10312023 | 10312026 | Change |
|---|---|---|---|
| Stock Price ($) | 11.18 | 12.30 | 10.0% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 1,468 | 2,270 | 54.6% |
| P/S Multiple | 0.4 | 0.3 | -22.6% |
| Shares Outstanding (Mil) | 52 | 57 | -8.1% |
| Cumulative Contribution | 10.0% |
Market Drivers
10/31/2023 to 10/31/2026| Return | Correlation | |
|---|---|---|
| GDOT | 10.0% | |
| Market (SPY) | 86.9% | 30.6% |
| Sector (XLF) | 82.3% | 35.1% |
Price Returns Compared
| 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Total [1] | |
|---|---|---|---|---|---|---|---|
| Returns | |||||||
| GDOT Return | -35% | -56% | -37% | 7% | 20% | -4% | -78% |
| Peers Return | -11% | -36% | 34% | 28% | -17% | -11% | -28% |
| S&P 500 Return | 27% | -19% | 24% | 23% | 16% | 13% | 106% |
Monthly Win Rates [3] | |||||||
| GDOT Win Rate | 25% | 33% | 58% | 50% | 50% | 40% | |
| Peers Win Rate | 43% | 38% | 57% | 53% | 45% | 40% | |
| S&P 500 Win Rate | 75% | 42% | 67% | 75% | 67% | 50% | |
Max Drawdowns [4] | |||||||
| GDOT Max Drawdown | -43% | -60% | -63% | -23% | -40% | -18% | |
| Peers Max Drawdown | -40% | -49% | -32% | -23% | -48% | -35% | |
| S&P 500 Max Drawdown | -5% | -25% | -10% | -8% | -19% | -9% | |
[1] Cumulative total returns since the beginning of 2021
[2] Peers: PYPL, FISV, GPN, EEFT, SOFI. See GDOT Returns vs. Peers.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2026 data is for the year up to 10/30/2026 (YTD)
How Low Can It Go
| Event | GDOT | S&P 500 |
|---|---|---|
| 2025 US Tariff Shock | ||
| % Loss | -32.0% | -18.8% |
| % Gain to Breakeven | 47.2% | 23.1% |
| Time to Breakeven | 58 days | 79 days |
| 2023 SVB Regional Banking Crisis | ||
| % Loss | -17.1% | -6.7% |
| % Gain to Breakeven | 20.6% | 7.1% |
| Time to Breakeven | 53 days | 31 days |
| 2020 COVID-19 Crash | ||
| % Loss | -51.7% | -33.7% |
| % Gain to Breakeven | 107.1% | 50.9% |
| Time to Breakeven | 61 days | 140 days |
| 2015-2016 China Devaluation / Global Growth Scare | ||
| % Loss | -16.6% | -12.2% |
| % Gain to Breakeven | 19.9% | 13.9% |
| Time to Breakeven | 19 days | 62 days |
| 2014-2016 Oil Price Collapse | ||
| % Loss | -26.2% | -6.8% |
| % Gain to Breakeven | 35.5% | 7.3% |
| Time to Breakeven | 140 days | 15 days |
| 2011 US Debt Ceiling Crisis & European Contagion | ||
| % Loss | -12.0% | -17.9% |
| % Gain to Breakeven | 13.7% | 21.8% |
| Time to Breakeven | 7 days | 123 days |
In The Past
Green Dot's stock fell -32.0% during the 2025 US Tariff Shock. Such a loss loss requires a 47.2% gain to breakeven.
Preserve Wealth
Limiting losses and compounding gains is essential to preserving wealth.
Asset Allocation
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| Event | GDOT | S&P 500 |
|---|---|---|
| 2025 US Tariff Shock | ||
| % Loss | -32.0% | -18.8% |
| % Gain to Breakeven | 47.2% | 23.1% |
| Time to Breakeven | 58 days | 79 days |
| 2020 COVID-19 Crash | ||
| % Loss | -51.7% | -33.7% |
| % Gain to Breakeven | 107.1% | 50.9% |
| Time to Breakeven | 61 days | 140 days |
| 2014-2016 Oil Price Collapse | ||
| % Loss | -26.2% | -6.8% |
| % Gain to Breakeven | 35.5% | 7.3% |
| Time to Breakeven | 140 days | 15 days |
In The Past
Green Dot's stock fell -32.0% during the 2025 US Tariff Shock. Such a loss loss requires a 47.2% gain to breakeven.
Preserve Wealth
Limiting losses and compounding gains is essential to preserving wealth.
Asset Allocation
Actively managed asset allocation strategies protect wealth. Learn more.
About Green Dot (GDOT)
Green Dot Corporation operates as a financial technology and bank holding company in the United States, providing a diverse set of financial services. The company primarily focuses on offering accessible financial solutions, often serving consumers who may not have traditional bank accounts, alongside small businesses and other financial institutions. Green Dot manages its operations through segments like Consumer Services, Business to Business Services, and Money Movement Services.
The company's core product offerings include various deposit account programs such as network-branded reloadable prepaid debit cards, gift cards, and secured credit cards. Green Dot also specializes in money processing services, enabling cash transfers for consumers at retail points of sale and facilitating disbursement services for wages and other authorized funds. Additionally, it provides a suite of tax processing services, including technology for tax refund transfers, small business lending for independent tax preparers, and consumer-friendly fast cash advance loans for tax refund recipients. These services are offered under brands like Green Dot, GoBank, MoneyPak, and TPG.
Green Dot distributes its products and services through multiple channels, including a broad network of retail stores, mobile applications, and direct-to-consumer marketing efforts via online platforms and direct mail. Crucially, the company also leverages its "Banking as a Service" platform, which allows other businesses to integrate Green Dot's financial infrastructure and technology into their own offerings, thereby expanding its market reach to a wider range of partners and end-users.
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Here are 1-2 brief analogies to describe Green Dot (GDOT):
- Essentially, it's like a blend of **Chime** (for prepaid and alternative banking services) and **H&R Block** (for tax refund processing and advances), with a strong focus on cash transactions and retail distribution.
- Think of Green Dot as the company behind many of the prepaid debit cards and cash services you find at major retailers like **Walmart's MoneyCenter**, combined with offerings for tax refund advances.
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- Reloadable Prepaid Debit Cards: Network-branded cards that allow consumers to load funds and make purchases.
- Network-Branded Gift Cards: Prepaid cards intended for gifting purposes.
- Secured Credit Cards: Credit cards requiring a security deposit, aimed at helping consumers build or rebuild credit.
- Cash Transfer Services: Services enabling consumers to add funds directly to their accounts at retail points-of-sale.
- Simply Paid Disbursement Services: Services that facilitate the disbursement of wages and other authorized funds to various deposit accounts.
- Tax Refund Transfers: Processing technology to facilitate the receipt and management of taxpayers' refund proceeds.
- Small Business Lending: Short-term advances provided to independent tax preparation providers.
- Fast Cash Advance Loans: Consumer-friendly loans enabling tax refund recipients to access funds quickly.
- Banking as a Service (BaaS) Platform: A platform that provides banking infrastructure and services to other businesses and partners.
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Green Dot Corporation (GDOT) sells primarily to other companies, leveraging its banking infrastructure and financial technology through its Business to Business Services segment and its 'Banking as a Service' (BaaS) platform. While the company also offers direct-to-consumer financial products under brands like Green Dot and GoBank, its major customers are other corporations that integrate Green Dot's services into their own offerings or distribution channels.
Its major customer companies include:
- Walmart Inc. (WMT)
- Intuit Inc. (INTU)
- Uber Technologies, Inc. (UBER)
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- Visa Inc. (V)
- Mastercard Incorporated (MA)
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George Gresham, Chief Executive Officer
George Gresham was appointed CEO and President of Green Dot in October 2022, having previously served as Chief Finance and Operating Officer since October 2021. He is a veteran finance executive with deep experience in payments and fintech. Prior to his executive roles at Green Dot, Mr. Gresham was Chief Financial Officer at NetSpend Holdings from 2010 to 2013. He also served as Chief Financial Officer and Executive Vice President at Global Cash Access (GCA Holdings, Inc.) from 2008 to 2010. From 2002 through 2007, he was Chief Financial Officer and Chief Administrative Officer at EFD (eFunds Corporation), which was later sold to FIS. Mr. Gresham is the founder and CEO of Granite Reef Advisors, a professional advisory firm he operated since 2013, and is also the founder of Dama Technology, Inc. He previously served on the Boards of Directors of both Green Dot Corp. and Green Dot Bank from 2016 to 2019, and on the Board of EML Payments from April 2020 to August 2021.
Jess Unruh, Chief Financial Officer
Jess Unruh was appointed Chief Financial Officer of Green Dot in November 2022. He joined the company in 2009. His previous roles at Green Dot include operational CFO and chief accounting officer, where he oversaw financial operations, including corporate accounting, tax, financial reporting, corporate finance, and financial planning and analytics. Before joining Green Dot, Mr. Unruh served in the audit practice at Ernst & Young LLP from 2003 to April 2009.
Chris Ruppel, Chief Revenue Officer and President
Chris Ruppel is the Chief Revenue Officer and President at Green Dot, responsible for all revenue-generating businesses, marketing, and product. He previously served as GM of the company's direct-to-consumer business, focusing on the growth of GO2bank. Mr. Ruppel joined Green Dot in March 2017 following the acquisition of UniRush LLC, where he had been President of rapid!PayCard since January 2015. He founded rapid!PayCard, a prepaid payroll debit card provider, and served as its CEO from January 2004 until March 2011, when it was acquired by WEX Inc. After the acquisition, he held leadership positions at WEX, including General Manager of Prepaid Cards, The Americas, from March 2013 to January 2014.
Kim Olson, Chief Risk Officer
Kim Olson joined Green Dot in March 2025 as Chief Risk Officer. In this role, she oversees the development and implementation of risk and compliance frameworks, working to embed risk awareness across the firm and ensure that risks generated by direct customers, banking-as-a-service (BaaS) partners, products, and strategies are identified, assessed, and mitigated. She possesses deep expertise and broad experience in financial services and regulation.
Teresa Watkins, Chief Operations Officer
Teresa Watkins was appointed Chief Operations Officer of Green Dot, effective November 8, 2022. Prior to this promotion, she served as the company's Senior Vice President of Payment Processing starting in August 2021. From September 2016 to August 2021, she was the company's Vice President, Financial Processing Operations, and from December 2013 to September 2016, she served as Lead Technical Program Manager. Before joining Green Dot, Ms. Watkins held multiple roles at JPMorgan Chase & Company for over eight years, most recently as Senior Financial Operations Manager from October 2006 to December 2013.
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The key risks to Green Dot (GDOT) include:
- Regulatory Scrutiny and Compliance Failures: Green Dot faces significant risks related to regulatory compliance, as evidenced by a $44 million fine from the Federal Reserve. The fine was imposed for "numerous unfair and deceptive practices and a deficient consumer compliance risk management program," encompassing issues such as inadequate disclosure of tax refund processing fees, hindrance of access to prepaid debit card accounts, and deficiencies in anti-money laundering (AML) compliance. The company is mandated to implement corrective actions, including developing an effective AML program and engaging independent third parties to review and strengthen its compliance framework. This ongoing regulatory oversight and the associated financial penalties and operational mandates represent a substantial risk to the business.
- Declining Performance in Consumer Services and Legacy Prepaid Debit Card Business: Green Dot's traditional prepaid debit card business and its Consumer Services segment are experiencing a significant decline in revenue and active accounts. This downturn is driven by evolving consumer preferences towards digital payment solutions and increasing competition from digital alternatives, including neobanks and established players like PayPal and Venmo. While the company is actively pursuing growth in its Banking-as-a-Service (BaaS) segment, the diminishing performance of its legacy core business places considerable pressure on overall profitability and market standing.
- Financial Health and Profitability Challenges: Green Dot exhibits challenges in its overall financial health, marked by declining gross margins and a negative net margin. The company has also faced liquidity concerns, indicated by low current and quick ratios, and its Altman Z-Score suggests potential financial distress. Furthermore, Green Dot postponed the release of its Q4 and fiscal year 2025 financial results due to ongoing audit finalization, which can heighten investor uncertainty. Margin pressures are also attributed to rising operational costs and the growth of lower-margin BaaS customer programs. Macroeconomic factors, such as high-interest-rate environments and potential economic downturns, further exacerbate these risks, particularly given Green Dot's customer base, which is vulnerable to such conditions.
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The rise of digital-first neobanks and challenger banks that offer similar or superior basic banking services, such as deposit accounts, mobile payments, and low-to-no fee structures, directly threatens Green Dot's core business model. These agile fintech companies are rapidly gaining market share by appealing to the unbanked, underbanked, and digitally-savvy consumers with modern user experiences and competitive pricing, directly competing with Green Dot's prepaid debit cards, GoBank accounts, and money movement services.
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- Prepaid Debit Cards: The U.S. prepaid card market size was valued at approximately USD 1.76 trillion in 2024 and is projected to reach around USD 10.62 trillion by 2034.
- Gift Cards: The U.S. gift card market size was valued at USD 342.95 billion in 2024 and is expected to reach USD 886.23 billion by 2032.
- Secured Credit Cards: The overall addressable market for secured cards in the U.S. could be nearly $1 trillion annually, based on spending volume projections.
- Money Movement Services (including Cash Transfer Services): The non-bank money transfer market in the U.S. has reached approximately $600 billion. Additionally, the U.S. remittance market reached USD 57.71 billion.
- Disbursement Services (including Pay Cards and Earned Wage Access): Green Dot's rapid! PayCard division estimates the addressable market for pay cards at approximately $700 million, and the earned wage access (EWA) opportunity at over $3 billion.
- Tax Processing Services (Tax Refund Transfers): The U.S. Tax Preparation Services Market, which includes the services Green Dot supports through its tax processing division, was valued at US$ 35.5 billion in 2025 and is expected to reach US$ 53.0 billion by 2032.
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Expected Drivers of Future Revenue Growth for Green Dot (GDOT)
Green Dot Corporation (GDOT) is expected to drive future revenue growth over the next 2-3 years through several key strategic initiatives and market opportunities. These drivers primarily leverage the company's established financial technology infrastructure, banking license, and extensive network.1. Expansion of the Banking as a Service (BaaS) Platform (Arc by Green Dot) and Strategic Partnerships
Green Dot's Banking as a Service (BaaS) platform, known as Arc by Green Dot, is consistently highlighted as a primary driver of future revenue growth. The company is focused on expanding this B2B segment by signing new partners and growing existing relationships. Recent partnerships with entities like Samsung Wallet, Crypto.com, Stripe, and Workday, along with renewals and expansions with significant BaaS partners, are expected to fuel substantial revenue increases in this division. The B2B segment has demonstrated strong growth, with management projecting full-year revenue growth in the low-to-mid 30% range. This strategy enables major consumer and technology companies to embed financial products, broadening Green Dot's reach and revenue streams.2. Growth of the GO2bank Digital Bank
Within its Consumer Services segment, Green Dot is prioritizing the growth of its direct-to-consumer digital bank, GO2bank. The company aims to expand its active account base and direct deposit accounts by migrating customers from legacy prepaid card programs and through targeted marketing investments. Although the overall Consumer Services segment has faced headwinds, GO2bank has shown positive momentum with increasing direct deposit accounts and contributed to active account growth in late 2024. Management expects the direct channel, primarily driven by GO2bank, to be a focus for growth while sunsetting legacy brands.3. Strength in Money Movement Services, particularly the Tax Processing Business
The Money Movement Services segment, particularly the tax processing division, is anticipated to continue contributing positively to revenue growth. This segment has demonstrated consistent performance, especially during tax season, and is expected to see low-single-digit revenue growth. The tax business often benefits from a favorable shift in transaction mix to higher-revenue transactions and the expansion of taxpayer advance products.4. Expansion and Enhanced Utilization of the Green Dot Network
Green Dot's extensive Green Dot Network, comprising over 90,000 retail locations, remains a significant asset for revenue generation. This network provides crucial cash-in and cash-out capabilities and facilitates digital money transfers for partners and consumers, especially those reliant on cash. Expanding this network and increasing its utilization supports new business models and improves service accessibility, contributing to transaction growth across various segments. The network plays a vital role in supporting the underbanked and unbanked populations.AI Analysis | Feedback
Share Repurchases
- Green Dot's Board of Directors approved a share repurchase program on February 24, 2022, authorizing the purchase of up to $100 million of common stock, with the authorization being open-ended.
- The company repurchased $101.5 million of common stock in 2022.
- Green Dot repurchased $3.9 million in 2023 and $2.9 million in 2024.
Share Issuance
- As part of the acquisition agreement expected to close in Q2 2026, Green Dot shareholders are to receive 0.2215 shares of the new publicly traded bank holding company (formed by CommerceOne's acquisition of Green Dot Bank) for each Green Dot share.
- Green Dot's number of outstanding shares increased by 2.61% in 2025 to 55.4 million, by 2.6% in 2024 to 53.98 million, and by 1.39% in 2023 to 52.62 million.
Inbound Investments
- Green Dot entered into agreements in November 2025 to be acquired by Smith Ventures and CommerceOne Financial Corporation in a deal valued between $825 million and $1.1 billion, expected to close in Q2 2026.
- As part of the acquisition, Smith Ventures will acquire Green Dot's non-bank fintech operations for $690 million in cash, of which $155 million will be invested back into Green Dot Bank as additional capital.
- Green Dot Corporation secured $109 million in funding in September 2024, aimed at enhancing its money management and payment solutions, and expanding its GO2bank platform and banking platform services business.
Capital Expenditures
- Green Dot's capital expenditures were $74.3 million in 2024, $75.9 million in 2023, $84.3 million in 2022, and $57.4 million in 2021.
- The company invested $19.8 million in capital expenditures in Q3 2025.
- These capital expenditures are focused on funding long-term assets and infrastructure.
Peer Outperformance in Consumer Finance
| Ticker | Name | Rev Growth 3Y Avg | P/E | 1Y | 3Y | 5Y | 5Y Gap |
|---|---|---|---|---|---|---|---|
| GDOT | Green Dot | 15.8% | -26.9x | 5.9% | 9.7% | -71.0% | — |
| FCFS | FirstCash | 12.3% | 19.2x | 15.4% | 74.6% | 117.6% | +189pp |
| ECPG | Encore Capital | 17.7% | 7.1x | 140.5% | 167.1% | 85.1% | +156pp |
| Industry | Names | 1Y med | 3Y med | 5Y med | Top 3 by 5Y |
|---|---|---|---|---|---|
| Reinsurance | 6 | 34.1% | 65.9% | 123.0% | SPNT 175% · RGA 148% · RNR 148% |
| Investment Banking & Brokerage | 13 | -4.7% | 88.8% | 91.9% | IBKR 346% · SNEX 158% · GS 144% |
| Diversified Banks | 12 | 30.6% | 154.1% | 91.6% | CM 143% · RY 132% · JPM 125% |
| Life & Health Insurance | 20 | 15.9% | 52.5% | 82.5% | JXN 532% · UNM 314% · MFC 190% |
| Multi-line Insurance | 9 | 7.8% | 65.6% | 64.8% | GNW 114% · L 102% · AIZ 97% |
| Property & Casualty Insurance | 42 | 19.8% | 69.5% | 64.1% | PGR 172% · TRV 171% · ACGL 167% |
| Multi-Sector Holdings | 3 | 8.3% | 55.6% | 55.1% | BRK-B 89% · VOYA 55% · JEF 32% |
| Regional Banks | 262 | 32.2% | 99.5% | 53.1% | CBC 254% · FCNCA 194% · NIC 148% |
| Financial Exchanges & Data | 15 | 18.4% | 43.2% | 27.9% | CBOE 172% · VIRT 158% · CME 70% |
| Insurance Brokers | 15 | 5.0% | 11.2% | 19.5% | LIFE 405% · ARX 89% · AJG 73% |
| Asset Management & Custody Banks | 85 | -8.4% | 22.5% | 6.7% | WT 249% · VCTR 241% · AAMI 200% |
| Consumer Finance ← | 30 | 5.9% | 70.0% | 4.2% | ENVA 437% · FCFS 118% · AXP 95% |
| Diversified Financial Services | 4 | -3.4% | 23.7% | 3.9% | FRHC 180% · EQH 83% |
| Commercial & Residential Mortgage Finance | 14 | -51.2% | 26.1% | -1.7% | FNMA 449% · FMCC 399% · ACT 157% |
| Specialized Finance | 3 | 3.9% | 35.5% | -21.1% | HASI -21% · CACC -22% |
| Transaction & Payment Processing Services | 17 | 11.6% | 11.6% | -28.8% | V 103% · MA 96% · CPAY 62% |
| Mortgage REITs | 34 | -19.5% | -5.5% | -35.9% | RITM 36% · DX 19% · AGNC 10% |
| Diversified Capital Markets | 20 | -54.3% | 14.0% | -63.3% | LPLA 77% · TW 40% · RIOT -53% |
Latest Trefis Analyses
| Title | Date | |
|---|---|---|
| DASHBOARDS | ||
| Green Dot Earnings Notes | 12/16/2025 | |
| Green Dot (GDOT) EBITDA Comparison | 08/08/2025 | |
| Green Dot (GDOT) Debt Comparison | 08/08/2025 | |
| Green Dot (GDOT) Operating Income Comparison | 08/08/2025 | |
| Green Dot (GDOT) Operating Cash Flow Comparison | 08/08/2025 | |
| Green Dot (GDOT) Revenue Comparison | 08/08/2025 | |
| Green Dot (GDOT) Tax Expense Comparison | 08/08/2025 | |
| Green Dot (GDOT) Net Income Comparison | 08/08/2025 | |
| GDOT Dip Buy Analysis | 07/10/2025 | |
| Day 0 of Loss Streak for Green Dot Stock with 0% Return (vs. -10% YTD) [1/10/2025] | 01/10/2025 | |
| ARTICLES | ||
| Market Movers | Winners: GDOT, ULCC, HBI | Losers: PUBM, KODK, FLNC | 08/13/2025 |
Research & Analysis
Invest in Strategies
Wealth Management
Peer Comparisons
| Peers to compare with: |
Financials
| Median | |
|---|---|
| Name | |
| Mkt Price | 53.45 |
| Mkt Cap | 23.8 |
| Rev LTM | 7,303 |
| Op Inc LTM | 990 |
| FCF LTM | 546 |
| FCF 3Y Avg | 1,123 |
| CFO LTM | 1,029 |
| CFO 3Y Avg | 1,536 |
Growth & Margins
| Median | |
|---|---|
| Name | |
| Rev Chg LTM | 11.7% |
| Rev Chg 3Y Avg | 6.8% |
| Rev Chg Q | 10.7% |
| QoQ Delta Rev Chg LTM | 2.5% |
| Op Inc Chg LTM | -29.6% |
| Op Inc Chg 3Y Avg | 6.7% |
| Op Mgn LTM | 11.6% |
| Op Mgn 3Y Avg | 17.9% |
| QoQ Delta Op Mgn LTM | -0.7% |
| CFO/Rev LTM | 12.7% |
| CFO/Rev 3Y Avg | 17.9% |
| FCF/Rev LTM | 7.1% |
| FCF/Rev 3Y Avg | 15.3% |
Segment Financials
Revenue by Segment| $ Mil | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Business to Business (B2B) Services | 1,440 | 1,082 | 773 | 594 | 459 |
| Consumer Services | 364 | 402 | 499 | 587 | 695 |
| Money Movement Services | 225 | 218 | 210 | 222 | 240 |
| Corporate and Other | 39 | 6 | 3 | 20 | -5 |
| Embedded finance and processing expenses | 18 | 19 | 20 | ||
| Other income | -6 | -3 | -3 | -3 | 0 |
| Banking-as-a-Service (BaaS) commissions and processing expenses | 29 | 45 | |||
| Total | 2,080 | 1,724 | 1,501 | 1,450 | 1,433 |
| $ Mil | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Consumer Services | 131 | 162 | 177 | 222 | 224 |
| Money Movement Services | 129 | 123 | 113 | 118 | 116 |
| Business to Business (B2B) Services | 113 | 92 | 77 | 86 | 73 |
| Impairment charges | -2 | -10 | 0 | -4 | 0 |
| Legal settlement expenses | -6 | -34 | -24 | -16 | -1 |
| Transaction and related acquisition costs | -11 | 0 | 0 | ||
| Other expense | -14 | -9 | -7 | -8 | -13 |
| Stock based compensation and related employer taxes | -19 | -30 | -34 | -35 | -52 |
| Amortization of acquired intangible assets | -21 | -21 | -24 | -24 | -28 |
| Restructuring and other charges | -22 | 0 | 0 | ||
| Depreciation and amortization of property, equipment and internal-use software | -65 | -63 | -59 | -57 | -57 |
| Corporate and Other | -198 | -211 | -197 | -188 | -196 |
| Total | 14 | -2 | 23 | 94 | 66 |
Price Behavior
| Market Price | $12.30 | |
| Market Cap ($ Bil) | 0.7 | |
| First Trading Date | 07/22/2010 | |
| Distance from 52W High | -9.4% | |
| 50 Days | 200 Days | |
| DMA Price | $12.77 | $12.51 |
| DMA Trend | down | indeterminate |
| Distance from DMA | -3.7% | -1.7% |
| 3M | 1YR | |
| Volatility | 16.9% | 24.5% |
| Downside Capture | 12.16 | 77.09 |
| Upside Capture | -27.19 | 65.75 |
| Correlation (S&P 500) | -12.2% | 31.3% |
| 1M | 2M | 3M | 6M | 1Y | 3Y | |
|---|---|---|---|---|---|---|
| Beta | -0.16 | -0.15 | -0.07 | 0.08 | 0.57 | 1.07 |
| Up Beta | -1.56 | -0.37 | -0.07 | -0.09 | 0.44 | 1.22 |
| Down Beta | 0.08 | -0.08 | 0.17 | 0.41 | 0.39 | 1.36 |
| Up Capture | -20% | -40% | -26% | -1% | 55% | 41% |
| Bmk +ve Days | 12 | 18 | 28 | 62 | 130 | 427 |
| Stock +ve Days | 10 | 18 | 28 | 55 | 114 | 373 |
| Down Capture | -18% | 23% | 8% | 6% | 78% | 96% |
| Bmk -ve Days | 10 | 25 | 36 | 64 | 121 | 325 |
| Stock -ve Days | 12 | 24 | 35 | 66 | 129 | 360 |
[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
Based On 1-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with GDOT | |
|---|---|---|---|---|
| GDOT | -0.0% | 24.5% | -0.06 | - |
| Sector ETF (XLF) | 9.8% | 14.4% | 0.41 | 40.5% |
| Equity (SPY) | 10.9% | 12.8% | 0.52 | 30.9% |
| Gold (GLD) | -2.0% | 28.6% | -0.08 | 6.1% |
| Commodities (DBC) | 48.2% | 20.6% | 1.79 | -13.2% |
| Real Estate (VNQ) | 10.2% | 13.7% | 0.45 | 22.7% |
| Bitcoin (BTCUSD) | -30.0% | 43.5% | -0.70 | 15.1% |
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Based On 5-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with GDOT | |
|---|---|---|---|---|
| GDOT | -22.4% | 50.4% | -0.33 | - |
| Sector ETF (XLF) | 8.6% | 18.3% | 0.33 | 41.7% |
| Equity (SPY) | 12.2% | 17.1% | 0.53 | 40.0% |
| Gold (GLD) | 16.2% | 19.0% | 0.68 | 3.7% |
| Commodities (DBC) | 9.2% | 19.5% | 0.35 | 6.0% |
| Real Estate (VNQ) | 0.9% | 18.9% | -0.06 | 34.1% |
| Bitcoin (BTCUSD) | 4.9% | 51.6% | 0.28 | 20.2% |
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Based On 10-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with GDOT | |
|---|---|---|---|---|
| GDOT | -5.8% | 52.3% | 0.10 | - |
| Sector ETF (XLF) | 13.2% | 22.1% | 0.54 | 43.1% |
| Equity (SPY) | 15.2% | 17.9% | 0.72 | 44.4% |
| Gold (GLD) | 11.4% | 16.5% | 0.56 | 3.8% |
| Commodities (DBC) | 8.2% | 18.1% | 0.37 | 13.6% |
| Real Estate (VNQ) | 5.3% | 20.7% | 0.21 | 37.5% |
| Bitcoin (BTCUSD) | 61.8% | 66.2% | 1.02 | 16.0% |
Smart multi-asset allocation framework can stack odds in your favor. Learn How
Returns Analyses
Earnings Returns History
Updated 10/14/2026| Forward Returns | |||
|---|---|---|---|
| Earnings Date | 1D Returns | 5D Returns | 21D Returns |
| 8/10/2026 | 1.1% | 1.4% | -1.9% |
| 5/11/2026 | 1.4% | 1.7% | 3.6% |
| 3/16/2026 | 6.3% | 5.8% | 13.1% |
| 11/10/2025 | -4.0% | -10.3% | 14.9% |
| 8/11/2025 | 35.2% | 42.0% | 37.7% |
| 5/8/2025 | 25.7% | 11.5% | 18.0% |
| 2/27/2025 | -6.4% | -9.8% | 2.3% |
| 11/7/2024 | -16.8% | -16.9% | -15.1% |
| ... | |||
| SUMMARY STATS | |||
| # Positive | 8 | 12 | 13 |
| # Negative | 16 | 12 | 11 |
| Median Positive | 9.8% | 4.5% | 11.2% |
| Median Negative | -4.7% | -10.6% | -9.4% |
| Max Positive | 35.2% | 42.0% | 37.7% |
| Max Negative | -34.4% | -32.0% | -29.3% |
| Forward Returns | |||
|---|---|---|---|
| Earnings Date | 1D Returns | 5D Returns | 21D Returns |
| 8/10/2026 | 1.1% | 1.4% | -1.9% |
| 5/11/2026 | 1.4% | 1.7% | 3.6% |
| 3/16/2026 | 6.3% | 5.8% | 13.1% |
| 11/10/2025 | -4.0% | -10.3% | 14.9% |
| 8/11/2025 | 35.2% | 42.0% | 37.7% |
| 5/8/2025 | 25.7% | 11.5% | 18.0% |
| 2/27/2025 | -6.4% | -9.8% | 2.3% |
| 11/7/2024 | -16.8% | -16.9% | -15.1% |
| 8/8/2024 | 13.6% | 23.6% | 32.0% |
| 5/9/2024 | -4.1% | 0.4% | -0.2% |
| 2/27/2024 | -5.3% | -8.6% | 4.4% |
| 11/9/2023 | -34.4% | -32.0% | -23.2% |
| 8/3/2023 | -13.8% | -16.7% | -21.3% |
| 5/4/2023 | 13.3% | 0.6% | 11.2% |
| 2/23/2023 | -0.5% | 7.8% | -9.4% |
| 11/9/2022 | -2.0% | 5.4% | 0.7% |
| 8/4/2022 | -13.4% | -16.8% | -29.3% |
| 5/5/2022 | -3.2% | -3.8% | 4.3% |
| 2/24/2022 | -9.9% | -13.2% | -6.8% |
| 11/4/2021 | -1.1% | -1.5% | -20.0% |
| 8/3/2021 | 1.5% | 3.5% | 18.3% |
| 5/5/2021 | -1.7% | -11.0% | -8.3% |
| 2/22/2021 | -5.4% | -7.0% | -5.7% |
| 11/4/2020 | -1.6% | 1.4% | 0.5% |
| SUMMARY STATS | |||
| # Positive | 8 | 12 | 13 |
| # Negative | 16 | 12 | 11 |
| Median Positive | 9.8% | 4.5% | 11.2% |
| Median Negative | -4.7% | -10.6% | -9.4% |
| Max Positive | 35.2% | 42.0% | 37.7% |
| Max Negative | -34.4% | -32.0% | -29.3% |
SEC Filings
Expand for More| Report Date | Filing Date | Filing |
|---|---|---|
| 06/30/2026 | 08/10/2026 | 10-Q |
| 03/31/2026 | 05/11/2026 | 10-Q |
| 12/31/2025 | 03/16/2026 | 10-K |
| 09/30/2025 | 11/10/2025 | 10-Q |
| 06/30/2025 | 08/11/2025 | 10-Q |
| 03/31/2025 | 05/12/2025 | 10-Q |
| 12/31/2024 | 03/04/2025 | 10-K |
| 09/30/2024 | 11/08/2024 | 10-Q |
| 06/30/2024 | 08/09/2024 | 10-Q |
| 03/31/2024 | 05/10/2024 | 10-Q |
| 12/31/2023 | 02/29/2024 | 10-K |
| 09/30/2023 | 11/09/2023 | 10-Q |
| 06/30/2023 | 08/08/2023 | 10-Q |
| 03/31/2023 | 05/09/2023 | 10-Q |
| 12/31/2022 | 03/01/2023 | 10-K |
| 09/30/2022 | 11/09/2022 | 10-Q |
| Report Date | Filing Date | Filing |
|---|---|---|
| 06/30/2026 | 08/10/2026 | 10-Q |
| 03/31/2026 | 05/11/2026 | 10-Q |
| 12/31/2025 | 03/16/2026 | 10-K |
| 09/30/2025 | 11/10/2025 | 10-Q |
| 06/30/2025 | 08/11/2025 | 10-Q |
| 03/31/2025 | 05/12/2025 | 10-Q |
| 12/31/2024 | 03/04/2025 | 10-K |
| 09/30/2024 | 11/08/2024 | 10-Q |
| 06/30/2024 | 08/09/2024 | 10-Q |
| 03/31/2024 | 05/10/2024 | 10-Q |
| 12/31/2023 | 02/29/2024 | 10-K |
| 09/30/2023 | 11/09/2023 | 10-Q |
| 06/30/2023 | 08/08/2023 | 10-Q |
| 03/31/2023 | 05/09/2023 | 10-Q |
| 12/31/2022 | 03/01/2023 | 10-K |
| 09/30/2022 | 11/09/2022 | 10-Q |
| 06/30/2022 | 08/08/2022 | 10-Q |
| 03/31/2022 | 05/09/2022 | 10-Q |
| 12/31/2021 | 02/28/2022 | 10-K |
| 09/30/2021 | 11/08/2021 | 10-Q |
| 06/30/2021 | 08/06/2021 | 10-Q |
| 03/31/2021 | 05/10/2021 | 10-Q |
| 12/31/2020 | 02/26/2021 | 10-K |
| 09/30/2020 | 11/06/2020 | 10-Q |
| 06/30/2020 | 08/06/2020 | 10-Q |
| 03/31/2020 | 05/11/2020 | 10-Q |
| 12/31/2019 | 03/02/2020 | 10-K |
| 09/30/2019 | 11/12/2019 | 10-Q |
Insider Activity
Updated 5/22/2026| # | Owner | Title | Holding | Action | Filing Date | Price | Shares | Transacted Value | Value of Held Shares | Form |
|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Fanlo, Saturnino Sixto | Direct | Sell | 11282025 | 12.61 | 13,451 | 169,604 | 1,169,321 | Form | |
| 2 | Brewster, J Chris | Direct | Sell | 11282025 | 12.37 | 7,969 | 98,577 | 1,647,870 | Form | |
| 3 | Ruppel, Christian Devin | interim President | Direct | Sell | 8132025 | 12.39 | 27,931 | 346,137 | 2,808,851 | Form |
| 4 | Ruppel, Christian Devin | interim President | Direct | Sell | 5122025 | 11.00 | 10,189 | 112,079 | 2,784,529 | Form |
| # | Owner | Title | Holding | Action | Filing Date | Price | Shares | Transacted Value | Value of Held Shares | Form |
|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Fanlo, Saturnino Sixto | Direct | Sell | 11282025 | 12.61 | 13,451 | 169,604 | 1,169,321 | Form | |
| 2 | Brewster, J Chris | Direct | Sell | 11282025 | 12.37 | 7,969 | 98,577 | 1,647,870 | Form | |
| 3 | Ruppel, Christian Devin | interim President | Direct | Sell | 8132025 | 12.39 | 27,931 | 346,137 | 2,808,851 | Form |
| 4 | Ruppel, Christian Devin | interim President | Direct | Sell | 5122025 | 11.00 | 10,189 | 112,079 | 2,784,529 | Form |
Investor Activity (13F)
Updated Nov 1, 2026Active managers (13F portfolio over $250M, at least 3 holdings) with a position over $5M that is either over 10% of their portfolio or held in a concentrated book of 50 or fewer total positions. Index/ETF, sovereign, bank, community-bank and charitable/donor-advised filers are excluded.
Industry Resources
| Financials Resources |
| Federal Reserve Economic Data |
| Federal Reserve |
| FDIC Data |
| American Banker |
| The Banker |
| Banking Technology |
| Consumer Finance Resources |
| Consumer Financial Protection Bureau (CFPB) |
| InsideARM |
| The Nilson Report |
External Quote Links
| Y Finance | Barrons |
| TradingView | Morningstar |
| SeekingAlpha | ValueLine |
| Motley Fool | Robinhood |
| CNBC | Etrade |
| MarketWatch | Unusual Whales |
| YCharts | Perplexity Finance |
| FinViz |
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