secwatch.observer — SEC 8-K summary
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Issuer:     GREEN DOT CORP (GDOT)
CIK:        0001386278
Form:       8-K
Filed at:   2024-08-08T23:59:59+00:00
Accession:  0001386278-24-000041
Event type: earnings
Sentiment:  negative
Materiality: 0.65
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Green Dot Q2 revenues up 11% to $407M; posts GAAP net loss of $28.7M
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- GAAP net loss $28.7M, diluted EPS loss $0.54 vs prior year income $0.01.
- Total operating revenues $407.1M, up 11% YoY; non-GAAP revenues $402.6M.
- Adjusted EBITDA $34.0M (margin 8.4%), down 13% YoY; non-GAAP EPS $0.25 vs $0.37.
- Renewed largest BaaS partner; investing in risk management and regulatory compliance.
- Unencumbered cash at holding company ~$63M as of June 30, 2024.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1386278/000138627824000041/0001386278-24-000041-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1386278/000138627824000041/gdot-20240808.htm
  HTML page:      https://secwatch.observer/filing/0001386278-24-000041

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