earnings
confidence high
sentiment positive
materiality 0.75
Green Dot Q4 revenue $455M (+24% YoY); GAAP net income $5.1M vs loss; Adj EBITDA $43.8M (+70%)
GREEN DOT CORP
- Q4 total operating revenues $455M, up 24% YoY; GAAP net income $5.1M ($0.09 diluted EPS) vs net loss of $23.6M in prior year.
- Q4 adjusted EBITDA $43.8M, margin 9.7%; non-GAAP diluted EPS $0.40, up 186% YoY.
- Full-year 2024 revenue $1.724B (+15%); GAAP net loss $26.7M (-$0.50 EPS) vs net income $6.7M in 2023.
- CEO reports first positive quarter of account growth in several years; new BaaS partners include Varo, Clip Money, DolFintech.
- Unencumbered cash at holding company $86M; 2025 guidance expects embedded finance to drive growth (quantitative targets not provided).