---
schema_version: "secwatch.filing_event.v1"
accession: "0001386278-23-000039"
form_type: "8-K"
ticker: "GDOT"
cik: "0001386278"
company_name: "GREEN DOT CORP"
filed_at: "2023-08-03T23:59:59+00:00"
generated_at: "2026-06-12T07:38:17.900395+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001386278-23-000039
- form_type: 8-K
- ticker: GDOT
- cik: 0001386278
- company_name: GREEN DOT CORP
- filed_at: 2023-08-03T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1386278/000138627823000039/0001386278-23-000039-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1386278/000138627823000039/gdot-20230803.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001386278-23-000039
- JSON: https://secwatch.observer/filing/0001386278-23-000039.json
- Plain text: https://secwatch.observer/filing/0001386278-23-000039.txt

## Key facts
- Earnings Releases
  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
  source text: 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
  evidence_url: https://www.sec.gov/Archives/edgar/data/1386278/000138627823000039/0001386278-23-000039-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.