Aug. 11 at 9:48 PM
$GDOT
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Revenue: Total operating revenues were
$504.2 million, a 23.8% increase year-over-year. Non-GAAP revenues also saw a similar increase.
Net Loss: The company reported a GAAP net loss of
$47.0 million, wider than the
$28.7 million loss in Q2 2024, partly due to factors like losses from TailFin and an investment securities loss.
Earnings Per Share (EPS):
Diluted loss per common share was
$0.85.
Non-GAAP diluted EPS was
$0.40, surpassing analyst estimates.
Adjusted EBITDA: Adjusted EBITDA increased by 34% to
$45.4 million.
Full-Year Guidance: Green Dot raised its full-year 2025 non-GAAP revenue forecast to
$2.0 billion to
$2.1 billion and adjusted EBITDA guidance to
$160 million to
$170 million. The non-GAAP EPS forecast was also increased.
Key Drivers: Strong performance in the B2B Services segment, including Banking as a Service (BaaS), and new partnerships contributed to the revenue growth.
