GDOT on NYSE

Green Dot Corporation

Logo: Green Dot Corporation, Public domain, via Wikimedia Commons4

American issuer of prepaid debit cards

Green Dot Corporation is an American financial technology and bank holding company headquartered in Austin, Texas. It is the world's largest prepaid debit card company by market capitalization.3 From Wikipedia, CC BY-SA 4.0

Price unavailable

Last updated Oct 18, 2026.

Overview

1999Founded1

Compare with LexinFintech Holdings Ltd., Chime Financial, Inc. or Bakkt, or pick any stock.

  • TickerGDOT on NYSE1
  • Industryfinancial services1
  • HeadquartersPasadena1
  • Websitewww.greendot.com
  • Legal formpublic company1
  • Incorporated inDE5
  • Business address1675 N. Freedom Blvd (200 West), Building 1, Provo, Ut 846045
  • Filer categoryAccelerated filer5

Green Dot Corporation is an American financial technology and bank holding company headquartered in Austin, Texas. It is the world's largest prepaid debit card company by market capitalization. Green Dot is also a payment platform company and is the technology platform used by Apple Cash, Uber, and Intuit. The company was founded in 1999 by Steve Streit as a prepaid debit card for teenagers to shop online. In 2001, the company pivoted to serving the "unbanked" and "underbanked" communities. In 2010, Green Dot Corporation went public with a valuation of $2 billion. Since its inception, Green Dot has acquired a number of companies in the mobile, financial, and tax industries including Loopt, AccountNow, AchieveCard, UniRush Financial Services, and Santa Barbara Tax Products Group.3

Financials

From the company’s reports to the SEC. Every number links to the filing it came from.

Key numbers, fiscal 2025

0.7%Operating margin7
-5.0%Net margin7
19.8%Revenue growth, 20257
-11.1%Return on equity7
$66.0MFree cash flow7

What sells

Revenue by product, business segment and region, as the company reports it to the SEC.

Products and services

Card Revenues And Other Fees brought in 79% of the revenue Green Dot Corporation broke down this way in fiscal 2025.

  1. Card Revenues And Other Fees$1.6B779%up 27% from 2024
  2. Processing And Settlement Service$240.2M712%up 4% from 2024
  3. Interchange Revenues$184.6M79%down 7% from 2024
Products and services by year
Products and services202320242025
Card Revenues And Other Fees$1.0B$1.2B$1.6B
Processing And Settlement Service$225.4M$231.8M$240.2M
Interchange Revenues$231.0M$198.3M$184.6M

Business segments

B2B Services brought in 69% of the revenue Green Dot Corporation broke down this way in fiscal 2025.

  1. B2B Services$1.4B769%up 35% from 2024
  2. Consumer Services$356.4M718%down 9% from 2024
  3. Money Movement Services$237.7M712%up 3% from 2024
  4. Corporate Segment and Other Operating$38.7M72%up 568% from 2024
Business segments by year
Business segments202320242025
B2B Services$768.0M$1.0B$1.4B
Consumer Services$486.3M$392.4M$356.4M
Money Movement Services$209.7M$231.4M$237.7M
Corporate Segment and Other Operating$2.5M$5.8M$38.7M

Where the money goes

Where each dollar of revenue went, fiscal 2025

  • Other costs100¢$2.0B
  • Income tax0¢$1.6M

Out of $2.0B in revenue.7 The company lost money this year.

Where each dollar of operating cash went, fiscal 2025

  • Capital spending52¢$72.5M
  • Kept or used elsewhere48¢$66.0M

Out of $138.6M of cash from operations.7

Financial statements

Revenue89107$2.0B in 2025+85% since 2019
0$500.0M$1.0B$1.5B$2.0B2019: $1.1B$1.1B20192020: $1.2B$1.2B2020+15%2021: $1.4B$1.4B2021+14%2022: $1.4B$1.4B2022−0%2023: $1.5B$1.5B2023+4%2024: $1.7B$1.7B2024+13%2025: $2.0B$2.0B2025+20%
Operating income8910117$13.7M in 2025−89% since 2019
-$50.0M0$50.0M$100.0M$150.0M2019: $122.9M$122.9M20192020: $30.1M$30.1M2020−76%2021: $66.5M$66.5M2021+121%2022: $94.4M$94.4M2022+42%2023: $22.7M$22.7M2023−76%2024: -$1.7M-$1.7M20242025: $13.7M$13.7M2025
Net income8910117-$98.9M in 2025
-$100.0M-$50.0M0$50.0M$100.0M2019: $99.9M$99.9M20192020: $23.1M$23.1M2020−77%2021: $47.5M$47.5M2021+105%2022: $64.2M$64.2M2022+35%2023: $6.7M$6.7M2023−90%2024: -$26.7M-$26.7M20242025: -$98.9M-$98.9M2025+270%

Every line of the income statement in the latest annual report, as filed.7

Period ending2025-12-312024-12-312023-12-31
Operating revenues$2.0B$1.7B$1.5B
Interest income, net$89.8M$62.4M$37.3M
Total operating revenues$2.1B$1.7B$1.5B
Sales and marketing expenses$207.9M$217.2M$245.3M
Compensation and benefits expenses$254.4M$251.0M$238.5M
Processing expenses$1.2B$887.2M$639.2M
Other general and administrative expenses$352.0M$370.0M$355.6M
Restructuring and other charges$22.1M$0$0
Total operating expenses$2.1B$1.7B$1.5B
Operating income (loss)$13.7M-$1.7M$22.7M
Interest expense, net$6.2M$5.5M$3.0M
Other (expense), net-$104.8M-$15.4M-$5.0M
(Loss) income before income taxes-$97.3M-$22.5M$14.6M
Income tax expense$1.6M$4.2M$7.9M
Net (loss) income-$98.9M-$26.7M$6.7M
Basic (loss) earnings per common share (in USD per share)-$1.79-$0.50$0.13
Diluted (loss) earnings per common share (in USD per share)-$1.79-$0.50$0.13
Basic weighted-average common shares issued and outstanding (in shares)55.1M shares53.5M shares52.3M shares
Diluted weighted-average common shares issued and outstanding (in shares)55.1M shares53.5M shares52.5M shares

Compare Green Dot Corporation with another company

The story

Founded by Steve Streit in 1999.1

Originally known as Next Estate Communications, Green Dot Corporation was founded in 1999 by Steve Streit. Its first debit card, branded as I-GEN and marketed toward teenagers and Internet users, was released in 2000. In 2001 the first I-GEN MasterCard was sold at a Rite Aid in Virginia. In 2002, Green Dot debit cards were offered at Rite Aid, CVS Pharmacy, and Pantry Convenience stores and by 2003, in over 18,000 stores nationwide.

In the year 2004, I-GEN officially changed its name to Green Dot and launched the first cash-accepting network for reloading the debit cards.

On July 22, 2010, Green Dot Corporation went public and started trading on the New York Stock Exchange. under the stock ticker: GDOT

In 2011, Green Dot expanded into offering banking services by acquiring Bonneville Bancorp and its subsidiary, Bonneville Bank, based in Provo, Utah. The acquisition was approved by the Federal Reserve, allowing Green Dot to become a bank holding company under the Bank Holding Company Act. This move enabled Green Dot to issue its own prepaid debit cards directly through its banking subsidiary and provide related financial services, enhancing its control over product offerings and customer experience.

In early 2012, Green Dot acquired the mobile location technology company Loopt for $43.4 million, retained Loopt's employees to develop GoBank, the first bank account designed to be opened and used from a mobile device. In 2016, ridesharing company Uber enlisted GoBank to be the principal payment processor for its drivers. Green Dot regards this as their pivot from a prepaid debit card company into a platform company.

In 2014, Green Dot Corporation acquired Santa Barbara Tax Products Group, the largest tax refund processor in America.

Green Dot continued its acquisition of competitors in 2015, purchasing Account Now Inc. and Achieve Card.

On September 24, 2014, Walmart announced it would be partnering with Green Dot Bank to begin offering Walmart customers checking accounts.

Read the full text

In 2016, GoBank partnered with Uber to launch the Uber Debit Card, enabling Uber drivers to cash out their ride fare immediately.

On January 30, 2017, it was reported that UniRush LLC would be sold to Green Dot Corp. in a deal valued around $147 million. The deal was projected to add around 750,000 cardholders to Green Dot's network.

In early December 2017, Green Dot Corporation announced that it was powering the Apple's new Apple Pay Cash P2P payment service.

On May 7, 2021, CNBC reported that "Green Dot, a fintech firm and biggest U.S. provider of prepaid debit cards, is moving its headquarters from Pasadena, California to Austin, Texas."

Awards

CEO Steve Streit was nominated for Industry Executive of the Year at LendIt.

Green Dot was nominated for Solving Problems Through Payments during the 2018 Benzinga Fintech Awards.

From Wikipedia’s article on Green Dot Corporation, shared under CC BY-SA 4.0.6

Leadership

Who has led Green Dot Corporation, and when. Pick a name to see everywhere that person has worked.

Board members and other officers (38)

Products and brands

Green Dot partnered with Uber on a business debit card for Uber Drivers to be able to get paid weekly or immediately through Green Dot's instant pay service by depositing earnings on to a debit card.

From Wikipedia’s article on Green Dot Corporation, shared under CC BY-SA 4.0.6

Subsidiaries and ownership

Subsidiaries

From Wikidata.1

Former names

  • GREEN DOT CORPJan 5, 2007 to Oct 14, 20265

Timeline

  1. Sep 6, 2024Funding Raised $65 million in a private offering of debt69
  2. Oct 19, 2022New chief executive George W. Gresham becomes CEO15
  3. May 4, 2020New chief executive Erick Gerencher becomes CEO18
  4. Mar 27, 2020New chief executive Daniel R. Henry becomes CEO17
  5. Jan 27, 2020New chief executive William I. Jacobs becomes CEO16
  6. Mar 10, 2017New chief executive Mary Dent becomes CEO19
  7. Dec 19, 2011New chief executive Lewis Goodwin becomes CEO20
  8. Jul 21, 2010New chief executive Steve Streit becomes CEO21
  9. 1999Founded Founded1

Recent filings

  1. Oct 14, 20268-K
  2. Aug 10, 20268-K
  3. Aug 10, 202610-Q
  4. Jun 24, 20268-K
  5. Jun 16, 20268-K
  6. Jun 16, 2026425
  7. May 22, 20264 PRIMARY DOCUMENT
  8. May 22, 20264 PRIMARY DOCUMENT
  9. May 22, 20264 PRIMARY DOCUMENT
  10. May 22, 20264 PRIMARY DOCUMENT
  11. May 22, 20264 PRIMARY DOCUMENT
  12. May 22, 20264 PRIMARY DOCUMENT
  13. May 12, 2026425
  14. May 11, 2026SCHEDULE 13G/A
  15. May 11, 20268-K

Every filing from the last three years, summarized. The full record is on SEC EDGAR.2

Sources

The numbers on this page point here. Each one links to the record it came from.

  1. 1
  2. 2
  3. 3
  4. 4
  5. 5
  6. 6
  7. 7
  8. 8
  9. 9
  10. 10
  11. 11
  12. 12
  13. 13
  14. 14
  15. 15
  16. 16
  17. 17
  18. 18
  19. 19
  20. 20
  21. 21
  22. 22
  23. 23
  24. 24
  25. 25
  26. 26
  27. 27
  28. 28
  29. 29
  30. 30
  31. 31
  32. 32
  33. 33
  34. 34
  35. 35
  36. 36
  37. 37
  38. 38
  39. 39
  40. 40
  41. 41
  42. 42
  43. 43
  44. 44
  45. 45
  46. 46
  47. 47
  48. 48
  49. 49
  50. 50
  51. 51
  52. 52
  53. 53
  54. 54
  55. 55
  56. 56
  57. 57
  58. 58
  59. 59
  60. 60
  61. 61
  62. 62
  63. 63
  64. 64
  65. 65
  66. 66
  67. 67
  68. 68
  69. 69