Green Dot Corporation
NYSE: GDOT · FINANCIAL SERVICES · CREDIT SERVICES
Updated 2026-06-05
Green Dot Corporation (GDOT) Financial statements
SEC filings — annual and quarterly data.
Income statement — annual
| Item | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $168.13M | $234.82M | $364.25M | $468.31M | $550.36M | $577.06M | $605.62M | $699.44M | $726.14M | $901.12M | $1.07B | $1.11B | $1.25B | $1.43B | $1.45B | $1.50B | $1.72B | $2.08B |
| Revenue growth (YoY) | — | +39.7% | +55.1% | +28.6% | +17.5% | +4.9% | +4.9% | +15.5% | +3.8% | +24.1% | +18.2% | +4.0% | +13.1% | +14.3% | +1.1% | +3.6% | +14.8% | +20.7% |
| Cost of revenue | $45.84M | $67.82M | $127.13M | $158.97M | $192.45M | $217.22M | $203.41M | $276.31M | $276.13M | $361.50M | $407.83M | $399.09M | $527.63M | $654.12M | $725.65M | $880.78M | $1.14B | $1.57B |
| Gross profit | $168.13M | $234.82M | $237.12M | $309.34M | $357.91M | $359.85M | $402.20M | $423.12M | $450.01M | $539.62M | $657.74M | $709.51M | $726.13M | $779.08M | $723.91M | $620.54M | $580.08M | $510.15M |
| Gross margin | 100.0% | 100.0% | 65.1% | 66.1% | 65.0% | 62.4% | 66.4% | 60.5% | 62.0% | 59.9% | 61.7% | 64.0% | 57.9% | 54.4% | 49.9% | 41.3% | 33.6% | 24.5% |
| R&D | — | — | — | — | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | — | — | — | — | — | — | — |
| SG&A | $69.37M | $95.36M | $44.60M | $56.58M | $71.90M | $88.98M | $105.20M | $134.56M | $139.35M | $155.60M | $206.04M | $199.75M | $281.71M | $330.59M | $331.89M | $355.58M | $370.04M | $351.99M |
| Operating income | $29.18M | $63.67M | $69.32M | $83.45M | $72.14M | $49.13M | $58.99M | $59.33M | $63.32M | $109.30M | $130.41M | $122.92M | $30.07M | $66.47M | $94.38M | $22.67M | $-1.67M | $55.21M |
| Operating margin | 17.4% | 27.1% | 19.0% | 17.8% | 13.1% | 8.5% | 9.7% | 8.5% | 8.7% | 12.1% | 12.2% | 11.1% | 2.4% | 4.6% | 6.5% | 1.5% | -0.1% | 2.7% |
| EBITDA | $34.25M | $68.66M | $77.22M | $96.34M | $94.27M | $79.60M | $98.76M | $119.84M | $124.04M | $168.04M | $196.71M | $203.16M | $115.44M | $151.12M | $174.73M | $102.61M | $77.53M | $140.73M |
| EBITDA margin | 20.4% | 29.2% | 21.2% | 20.6% | 17.1% | 13.8% | 16.3% | 17.1% | 17.1% | 18.6% | 18.5% | 18.3% | 9.2% | 10.5% | 12.1% | 6.8% | 4.5% | 6.8% |
| EBIT | $29.84M | $64.07M | $69.63M | $84.01M | $76.14M | $52.50M | $61.78M | $58.12M | $61.56M | $103.46M | $125.37M | $121.05M | $29.31M | $66.32M | $94.12M | $19.64M | $-7.17M | $55.21M |
| Interest expense | $247000.00 | $1000.00 | $52000.00 | $346000.00 | $76000.00 | $72000.00 | $1.28M | $5.94M | $9.12M | $5.84M | $5.05M | $1.84M | $761000.00 | $150000.00 | $255000.00 | $3.03M | $5.51M | $6.15M |
| Income tax | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Effective tax rate | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
| Net income | $17.34M | $37.16M | $42.23M | $52.08M | $47.22M | $34.04M | $42.69M | $38.41M | $41.60M | $85.89M | $118.70M | $99.90M | $23.13M | $47.48M | $64.21M | $6.72M | $-26.70M | $-98.87M |
| Net income growth (YoY) | — | +114.4% | +13.6% | +23.3% | -9.3% | -27.9% | +25.4% | -10.0% | +8.3% | +106.5% | +38.2% | -15.8% | -76.8% | +105.3% | +35.2% | -89.5% | -497.2% | -270.3% |
| Profit margin | 10.3% | 15.8% | 11.6% | 11.1% | 8.6% | 5.9% | 7.0% | 5.5% | 5.7% | 9.5% | 11.1% | 9.0% | 1.8% | 3.3% | 4.4% | 0.4% | -1.5% | -4.8% |
Frequently asked questions
What is Green Dot Corporation's revenue?
Green Dot Corporation's trailing twelve-month revenue is $2.17B. Revenue is the top line the whole model builds on, and at this scale the question shifts from how fast it grows to whether margins hold as it compounds.
How profitable is GDOT?
In its most recent fiscal year, GDOT ran a gross margin of 24.52%, an operating margin of 2.65%, and a net margin of -4.75%. Margins this high mean most of each extra dollar of revenue drops through to profit, which is the signature of real pricing power.
How much free cash flow does GDOT generate?
GDOT produced $66.02M in free cash flow in its most recent fiscal year. Free cash flow is what is left after running and reinvesting in the business, and it is the cash that actually funds buybacks, dividends, and a stronger balance sheet.
Is GDOT's balance sheet healthy?
GDOT holds $1.42B in cash and equivalents against $63.54M in long-term debt, on $890.25M of shareholder equity. Cash on hand exceeds long-term debt, so the balance sheet adds little financial risk to the thesis.