GREEN DOT CORP 8K

Green Dot Corporation announced second quarter 2026 results showing strong revenue growth but lower adjusted EBITDA and a small net loss, while reiterating progress toward its pending split acquisition by Smith Ventures and CommerceOne and suspending its earnings call and guidance due to the transaction.

On August 10, 2026, Green Dot Corporation reported its financial results for the quarter ended June 30, 2026, highlighting 18% year-over-year growth in GAAP and non-GAAP total operating revenues to approximately $596 million and $591 million, respectively, while posting a small GAAP net loss of $2.1 million (versus a $47.0 million loss in the prior-year quarter) and a decline in adjusted EBITDA to $40.2 million due largely to timing of tax revenues and continued consumer segment headwinds. The company emphasized strong year-to-date performance, including positive GAAP net income of $51.7 million and 5% growth in adjusted EBITDA, driven by its tax processing and BaaS businesses and ongoing balance sheet optimization. Management provided detailed segment-level commentary, noting B2B Services profit growth on the back of a major BaaS partner and improving employer services trends, revenue and margin dynamics in Money Movement Services tied to tax seasonality and a return to growth in money processing, and continued pressure but improving per-account economics in Consumer Services. The release also reiterated the previously announced proposed acquisition transactions in which affiliates of Smith Ventures, LLC would acquire and privatize Green Dot’s non-bank fintech business while CommerceOne Financial Corporation would acquire Green Dot Bank and become exclusive sponsor bank to the FinTech business, with shareholder approvals and HSR early termination already obtained but regulatory approvals and customary closing conditions still pending; as a result of these pending transactions, Green Dot will not host an earnings call or provide 2026 guidance with this release.

Filing Facts

CIK

1386278

Ticker

-

Form

8K

Source Type

sec

Accession

0001386278-26-000042

Alert Tier

7