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Green Dot Corporation delivered a solid second quarter in 2025, building on previous momentum with significant growth in total operating revenues and adjusted EBITDA. The company's Banking as a Service (BaaS) division showed increasing demand and new partnerships, contributing to an improved financial outlook for the year. Despite a GAAP net loss, non-GAAP metrics demonstrated strong performance, driven by balance sheet optimization and disciplined cost management.
Green Dot reported a strong start to 2025, exceeding projections with significant growth in total operating revenues and net income compared to the previous year. The company saw continued momentum in embedded finance through new partnerships and a key retail partnership renewal.