Green Dot (GDOT) investor relations material

Executive summary

• Q3 operating revenue rose 21.5% YoY to $601.1M; adjusted EBITDA increased 9% to $25.8M, while GAAP net loss narrowed to $7.4M from $30.8M.

• Nine-month revenue increased 19.0% to $1.85B and net income was $44.3M versus a $52.0M loss; adjusted EBITDA rose 6% to $168.4M.

• B2B growth and taxpayer advances supported results, offset by weaker Consumer Services activity and higher B2B processing costs.

Financial highlights

• Q3 operating expenses rose 15.2% to $608.1M; operating loss narrowed to $7.0M from $32.8M, and diluted loss per share was $0.13 versus $0.56.

• Q3 non-GAAP revenue was $596.4M, up 21%; non-GAAP net income was $3.1M versus $3.5M, and diluted EPS was $0.05 versus $0.06.

• Nine-month operating income increased to $61.3M from $41.3M; diluted EPS was $0.76 versus a $0.95 loss.

• Nine-month non-GAAP net income was $83.0M versus $84.2M; non-GAAP diluted EPS was $1.43 versus $1.49.

• Nine-month other expense, net declined $100.5M YoY, primarily because 2025 included a $70M TailFin incentive charge and $24.8M realized securities loss.

Outlook and guidance

• No 2026 financial guidance will be provided; core results excluding proposed-transaction impacts and non-operating items are expected to stabilize YoY.

• Proposed acquisitions are expected to close by Q1 2027, subject to regulatory approvals and customary closing conditions.

• BaaS partner launches, embedded-finance deposits, taxpayer advances, and new Financial Service Center partners are expected to support growth.

• Priorities include B2B and Money Movement partner onboarding, Arc platform features, targeted consumer marketing, and restoring active-account growth; 2026 capex is expected below 2025.