---
schema_version: "secwatch.filing_event.v1"
accession: "0001386278-24-000028"
form_type: "8-K"
ticker: "GDOT"
cik: "0001386278"
company_name: "GREEN DOT CORP"
filed_at: "2024-05-09T23:59:59+00:00"
generated_at: "2026-06-02T05:18:16.428641+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# Green Dot Q1 revenue up 9% to $452M; GAAP net income plummets 87% to $4.75M

## Summary
- Q1 total operating revenues $451.99M, +9% YoY; GAAP net income $4.75M, -87% vs $36.01M.
- GAAP diluted EPS $0.09, -87% YoY; Non-GAAP diluted EPS $0.59, -40% YoY.
- Adjusted EBITDA $59.23M, -28% YoY; adjusted EBITDA margin 13.2% vs 20.0%.
- Unencumbered cash at holding company ~$46M as of Mar 31, 2024.

## SEC filing metadata
- accession: 0001386278-24-000028
- form_type: 8-K
- ticker: GDOT
- cik: 0001386278
- company_name: GREEN DOT CORP
- filed_at: 2024-05-09T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1386278/000138627824000028/0001386278-24-000028-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1386278/000138627824000028/gdot-20240509.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001386278-24-000028
- JSON: https://secwatch.observer/filing/0001386278-24-000028.json
- Plain text: https://secwatch.observer/filing/0001386278-24-000028.txt

## Key facts
- Earnings Releases
  GREEN DOT CORP reported quarter ended March 31, 2024 results: revenue $451,988, net income $4,750, EPS $0.09.
  - Period: quarter ended March 31, 2024
  - Revenue: $451,988
  - Net income: $4,750
  - EPS: $0.09
  - Result: reported results
  source text: Results Summary Three Months Ended March 31, 2024 2023 % Change (In thousands, except per share data and percentages) GAAP financial results Total operating revenues $ 451,988 $ 416,380 9% Net income $ 4,750 $ 36,012 (87)% Diluted earnings per common share $ 0.09 $ 0.69 (87)% Non-GAAP financial results 1 Non-GAAP total operating revenues 1 $ 447,423 $
  evidence_url: https://www.sec.gov/Archives/edgar/data/1386278/000138627824000028/0001386278-24-000028-index.htm

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