Green Dot Reports Q2 2023 Results with Net Income Down 96% to $0.6M

GREEN DOT CORP

Total operating revenues of $365.9 million, up 1% year-over-year.
Net income dropped 96% to $0.578 million from $15.0 million in prior year.
Diluted EPS fell 96% to $0.01 per share from $0.27.
CEO George Gresham said company is nearing completion of platform conversions and launched a new major BaaS partner.
Green Dot reaffirmed revenue guidance and mid-point of adjusted EBITDA and non-GAAP EPS.

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.85

GREEN DOT CORP reported quarter ended June 30, 2023 results: revenue $365,876, net income $578, EPS $0.01. Guidance reaffirmed.

Period: quarter ended June 30, 2023
Revenue: $365,876
Net income: $578
EPS: $0.01
Guidance: reaffirmed
Result: reported results

Exact text from the filing

June 30, Six Months Ended June 30, 2023 2022 % Change 2023 2022 % Change (In thousands, except per share data and percentages) GAAP financial results Total operating revenues $ 365,876 $ 362,769 1% $ 782,256 $ 763,386 2% Net income $ 578 $ 15,008 (96)% $ 36,590 $ 53,632 (32)% Diluted earnings per common share $ 0.01 $ 0.27 (96)% $ 0.70 $ 0.97 (28)% Non-GAAP

View on SEC.gov

168 earnings releases filed in the last 30 days. Browse all earnings releases →

GREEN DOT CORP filing history →

Source: SEC EDGAR

accession 0001386278-23-000039

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.