Green Dot Q3 adjusted EPS misses analyst expectations
GDOT•Green Dot’s third-quarter operating revenue rose 21% year over year to $601.09 million, while adjusted EPS of $0.05 missed the $0.10 analyst estimate. Adjusted EBITDA slightly beat estimates at $25.76 million.
1. Quarterly results
Green Dot reported third-quarter adjusted EPS of $0.05, below the $0.10 estimate from three analysts. Adjusted net income was $3.10 million, also below the $5.74 million estimate, while adjusted EBITDA of $25.76 million slightly beat the $25.66 million estimate.
2. Revenue and outlook
Operating revenue increased 21% year over year to $601.09 million. The company said cost control contributed to results, with revenue growth led by a significant banking-as-a-service partner and expansion of its broader BaaS portfolio. Green Dot is not providing 2026 financial guidance because of its pending acquisition by Smith Ventures and CommerceOne.
