Green Dot Corporation (GDOT) Q3 2025 Earnings Call Transcript
Adjusted Revenue $2 billion to $2.1 billion, up 21% year-over-year. Growth driven by B2B segment performance and interest income, partially offset by ongoing trends in the Consumer segment.
Adjusted EBITDA $165 million to $175 million, down 17% year-over-year. Decline due to revenue mix, expense management efforts, and certain favorable timing factors.
B2B Segment Revenue Grew over 30% year-over-year. Growth driven by a significant BaaS partner and increases in active accounts and purchase volume.
Money Movement Segment Revenue Flattish year-over-year. Tax Processing business grew, while Money Processing business declined due to lower transaction volumes.
Consumer Segment Revenue Declined in the low double digits year-over-year. Decline driven by ongoing trends in the retail channel and pressures in the direct channel.
Corporate Segment Revenue Grew sharply year-over-year. Growth driven by rate cuts in the second half of last year and optimization of the balance sheet.
Tax Processing Business Margin Expanded considerably year-over-year. Improvement due to better-than-expected loss rate on taxpayer advance program.
Money Processing Business Margin Up approximately 300 basis points year-over-year. Improvement due to a shift away from low-revenue transactions.
Consumer Segment Margin Down over 400 basis points year-over-year. Decline due to revenue mix and high-margin revenue from a program in runoff no longer contributing.
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