Green DOT Corp is a US-listed company in the consumer finance industry. Its financial year ends in December.
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~$13
Valuation models combined (2)
Base case. Range ~$13–$13. Weighted average of 2 models (price-to-book vs return on equity (peers), price-to-book vs peers).
No Buy/Hold/Sell rating is issued: only 2 valuation models apply; a rating needs 3.
Green DOT Corp valuation: adjust assumptions and compare models →
What company insiders, investment funds and members of Congress have been doing with the stock, from their own filings.
Revenue for the twelve months to June 2026 was $2.27bn, up 17.7% on a year earlier, slower than the 19.0% growth a quarter earlier. The diluted share count is up 3.2% on a year earlier, which dilutes existing holders. Our valuation models combined value is $14.95 a share, against a share price of $12.21.
Source: 10-Q filed August 10, 2026 on SEC EDGAR · Financials · Valuation
Written from the company's filings and our models when each quarter's report arrives. Figures in older notes are as published at the time. Not investment advice.
Green DOT Corp's trailing-twelve-month revenue grew 17.7% year on year, with a free-cash-flow margin of 3.7%. Where it lags: net margin of -1.1% ranks 32 of 39 consumer finance companies we cover.
Current signal Free cash flow diverging from earnings: TTM free cash flow grew 46.4% while net income fell 8.2%: a 55pp divergence.
Assembled from SEC-filed figures — the full workings are on this page and in our methodology. Observations, not recommendations.
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Company announcements, filed results and changes that matter to shareholders.
We value Green DOT Corp as a bank or lender, with every model that fits that kind of business. Cost of equity 9.3%: the 10-year Treasury yield (4.9%) plus a beta of 0.98 times a 4.5% equity risk premium.
| Model | Value per share | In the combined value? |
|---|---|---|
| Residual income Book value plus the present value of returns above the cost of equity, fading over ten years. | ~$2.5 ~$1.4–$4.6 | Left out: far from the other models (more than 3x away from their median) |
| Justified price-to-book Book value times (return on equity - growth) / (cost of equity - growth): steady-state returns. | — | Does not apply: return on equity is not positive |
| Price-to-book vs return on equity (peers) The price-to-book that peers with this return on equity trade on, from a line fitted across peers. | ~$13 ~$3.8–$22 | Included |
| Price-to-book vs peers Book value per share times peers' typical (harmonic-mean) price-to-book. | ~$13 ~$17–$26 | Included |
| Price-to-earnings vs peers Earnings per share times peers' typical (harmonic-mean) price-to-earnings. | — | Does not apply: no positive earnings in the latest twelve months |
| Dividend discount (two-stage) Dividends for five years at the growth the business can fund, then a steady payout and growth. | — | Does not apply: pays no regular dividend |
| Combined value Weighted average of the models that apply: the primary model (residual income) counts double. Models more than 5x or less than 0.2x the share price, or more than 3x away from the other models' median, are left out. | ~$13 ~$13–$13 | 2 models |
Different models fail in different ways, so where several apply we average them rather than trust one. Peer-based models compare Green DOT Corp with banks and lenders in our coverage, using third-party market data. Model values are estimates under stated assumptions, updated as new filings arrive; not price targets or investment advice. How each model works.
Weak moat
How hard Green DOT's competitive advantage looks for rivals to wear away, judged from 10 years of its own filings: returns on capital, pricing power, profit durability, cash conversion and discipline.
Net income has been a median 1.1% of total assets over 10 years.
Operating margin has been a median 5.2%; its worst year was -2.9%.
Free cash flow was positive in 10 of 10 years, at a median 9.3% of revenue.
The diluted share count rose 2.6% over five years; stock-based pay has been a median 3.0% of revenue.
AI disruption exposure: Medium. In this industry, AI could change how the product is made or sold, without replacing the core asset. The score above includes a 5-point deduction for that exposure (37 before it).
Next results: November 9, 2026, after the close. Analysts expect revenue of $551m and EPS of $0.07 (range $0.07 to $0.07) for the quarter.
| Fiscal year | EPS | Growth | Revenue | Growth |
|---|---|---|---|---|
| Current | $1.44 | +2% | $2.4bn | +15% |
| Next | $1.50 | +4% | $2.5bn | +7% |
Next year's EPS estimate has moved −10.2% in 90 days, across 1 analysts.
The consensus EPS forecast for the current fiscal year is −16.3% on 90 days ago. In the last 30 days, 2 analysts raised Green DOT Corp's forecast and 0 cut it.
Average of analysts' published estimates (third-party data).
| Period | Current fiscal year | Next fiscal year |
|---|---|---|
| 90 days ago | $1.72 | $1.67 |
| 60 days ago | $1.72 | $1.67 |
| 30 days ago | $1.72 | $1.67 |
| 7 days ago | $1.72 | $1.67 |
| Now | $1.44 | $1.50 |
| Quarter to | Estimate | Actual | Surprise |
|---|---|---|---|
| Jun 2026 | $0.39 | $0.26 | −33.3% |
| Mar 2026 | $0.88 | $1.12 | +26.8% |
| Dec 2025 | −$0.10 | −$0.08 | +20.0% |
| Sept 2025 | −$0.09 | $0.06 | +166.7% |
Adjusted EPS as companies report it, against the average analyst estimate.
Last 12 months +5.9%
| Part | Then | Now | Effect |
|---|---|---|---|
| Revenue (last 12 months) | $1.9bn | $2.3bn | +17.7% |
| P/S multiple | 0.3x | 0.3x | −7.2% |
| Share count | 54m | 56m | −3.1% |
Biggest factor: revenue. Loss-making at one end, so the split uses price/sales.
Last 3 years +0.7%
| Part | Then | Now | Effect |
|---|---|---|---|
| Revenue (last 12 months) | $1.5bn | $2.3bn | +54.6% |
| P/S multiple | 0.4x | 0.3x | −30.3% |
| Share count | 53m | 56m | −6.4% |
Biggest factor: revenue. Loss-making at one end, so the split uses price/sales.
| Calendar year | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 to date |
|---|---|---|---|---|---|---|
| Return | ||||||
| GDOT | −35% | −56% | −37% | +8% | +20% | −4% |
| Industry peers (median) | +44% | −33% | +15% | +30% | +22% | +1% |
| S&P 500 | +29% | −18% | +26% | +25% | +18% | +11% |
| Months that ended higher | ||||||
| GDOT | 25% | 33% | 58% | 50% | 50% | 36% |
| S&P 500 | 75% | 42% | 67% | 75% | 75% | 46% |
| Largest fall from a high during the year | ||||||
| GDOT | −43% | −60% | −63% | −23% | −40% | −18% |
| S&P 500 | −5% | −25% | −10% | −8% | −19% | −9% |
Worst fall since November 2, 2015: 93% from November 8, 2018 to March 12, 2025. Getting back needed a 1364% gain, and the shares have not yet recovered.
| Results released | Next day | S&P 500 next day | 5 days | 21 days |
|---|---|---|---|---|
| August 10, 2026 | +2.0% | −0.3% | +2.3% | −1.1% |
| May 11, 2026 | −0.2% | +0.1% | +0.1% | +2.0% |
| March 16, 2026 | +7.5% | +1.3% | +7.0% | +14.3% |
| November 10, 2025 | −1.8% | +1.8% | −8.3% | +14.4% |
| August 11, 2025 | +39.3% | +0.9% | +46.3% | +41.8% |
| May 8, 2025 | +28.0% | +0.6% | +13.5% | +20.1% |
| February 27, 2025 | −9.8% | −0.1% | −13.1% | −1.4% |
| November 7, 2024 | −17.9% | +1.2% | −18.1% | −16.3% |
| August 8, 2024 | +15.8% | +2.8% | +26.0% | +34.6% |
| May 9, 2024 | +3.0% | +0.7% | +7.9% | +7.3% |
| February 27, 2024 | −0.8% | +0.1% | −4.3% | +9.4% |
| November 9, 2023 | −35.5% | +0.8% | −33.2% | −24.5% |
Source: SEC EDGAR filings. Retrieved October 26, 2026.
| Period | Revenue (TTM) |
|---|---|
| FY23 Q3 | $1.5B |
| FY23 Q4 | $1.5B |
| FY24 Q1 | $1.5B |
| FY24 Q2 | $1.6B |
| FY24 Q3 | $1.6B |
| FY24 Q4 | $1.7B |
| FY25 Q1 | $1.8B |
| FY25 Q2 | $1.9B |
| FY25 Q3 | $2B |
| FY25 Q4 | $2.1B |
| FY26 Q1 | $2.2B |
| FY26 Q2 | $2.3B |
Source: SEC EDGAR filings. Retrieved October 26, 2026.
| Period | Revenue growth, TTM YoY |
|---|---|
| FY23 Q3 | 2.8% |
| FY23 Q4 | 3.6% |
| FY24 Q1 | 4.9% |
| FY24 Q2 | 7.5% |
| FY24 Q3 | 10.6% |
| FY24 Q4 | 14.8% |
| FY25 Q1 | 19.1% |
| FY25 Q2 | 22.2% |
| FY25 Q3 | 23.1% |
| FY25 Q4 | 20.7% |
| FY26 Q1 | 19.0% |
| FY26 Q2 | 17.7% |
Source: SEC EDGAR filings. Retrieved October 26, 2026.
| Period | Operating margin (TTM) |
|---|---|
| FY23 Q3 | 3.9% |
| FY23 Q4 | 1.5% |
| FY24 Q1 | -1.2% |
| FY24 Q2 | -2.9% |
| FY24 Q3 | -2.6% |
| FY24 Q4 | -0.1% |
| FY25 Q1 | 2.7% |
| FY25 Q2 | 4.4% |
| FY25 Q3 | 2.8% |
| FY25 Q4 | 0.7% |
| FY26 Q1 | 1.0% |
| FY26 Q2 | 0.3% |
Source: SEC EDGAR filings. Retrieved October 26, 2026.
| Period | FCF margin (TTM) |
|---|---|
| FY23 Q3 | 5.3% |
| FY23 Q4 | 1.4% |
| FY24 Q1 | 1.0% |
| FY24 Q2 | 1.3% |
| FY24 Q3 | -0.2% |
| FY24 Q4 | 0.4% |
| FY25 Q1 | 1.2% |
| FY25 Q2 | 2.9% |
| FY25 Q3 | 4.8% |
| FY25 Q4 | 3.2% |
| FY26 Q1 | 2.4% |
| FY26 Q2 | 3.7% |
| Fiscal year | 2009 Jul 2009 | 2010 Dec 2010 | 2011 Dec 2011 | 2012 Dec 2012 | 2013 Dec 2013 | 2014 Dec 2014 | 2015 Dec 2015 | 2016 Dec 2016 | 2017 Dec 2017 | 2018 Dec 2018 | 2019 Dec 2019 | 2020 Dec 2020 | 2021 Dec 2021 | 2022 Dec 2022 | 2023 Dec 2023 | 2024 Dec 2024 | 2025 Dec 2025 | LTM Jun 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Income | ||||||||||||||||||
| Revenue | 235 | 364 | 467 | 546 | 574 | 602 | 695 | 719 | 901 | 1,066 | 1,109 | 1,254 | 1,433 | 1,450 | 1,501 | 1,724 | 2,080 | 2,270 |
| EBITDA | 68 | 77 | 96 | 90 | 76 | 91 | 98 | 103 | 143 | 169 | 172 | 88 | 123 | 151 | 81 | 62 | 78 | 78 |
| Operating income | 64 | 69 | 83 | 72 | 49 | 59 | 59 | 63 | 109 | 130 | 123 | 30 | 66 | 94 | 23 | −2 | 14 | 8 |
| Net income | 37 | 42 | 52 | 47 | 34 | 43 | 38 | 42 | 86 | 119 | 100 | 23 | 47 | 64 | 7 | −27 | −99 | −26 |
| Diluted EPS | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | −$0.46 |
| Growth (year on year) | ||||||||||||||||||
| Revenue | — | +55.0% | +28.4% | +16.9% | +5.0% | +4.9% | +15.5% | +3.5% | +25.4% | +18.2% | +4.0% | +13.1% | +14.3% | +1.1% | +3.6% | +14.8% | +20.7% | +17.7% |
| EBITDA | — | +12.7% | +24.5% | −5.8% | −15.7% | +20.2% | +7.0% | +5.0% | +38.9% | +18.4% | +2.0% | −48.9% | +40.2% | +22.7% | −46.3% | −24.1% | +26.9% | −47.3% |
| Operating income | — | +8.9% | +20.4% | −13.6% | −31.9% | +20.1% | +0.6% | +6.7% | +72.6% | +19.3% | −5.7% | −75.5% | +121.0% | +42.0% | −76.0% | — | — | −90.9% |
| Net income | — | +13.6% | +23.3% | −9.3% | −27.9% | +25.4% | −10.0% | +8.3% | +106.5% | +38.2% | −15.8% | −76.8% | — | +35.2% | −89.5% | — | — | — |
| Margins | ||||||||||||||||||
| EBITDA margin | 29.1% | 21.1% | 20.5% | 16.5% | 13.3% | 15.2% | 14.1% | 14.3% | 15.8% | 15.9% | 15.6% | 7.0% | 8.6% | 10.4% | 5.4% | 3.6% | 3.8% | 3.4% |
| Operating margin | 27.1% | 19.0% | 17.9% | 13.2% | 8.6% | 9.8% | 8.5% | 8.8% | 12.1% | 12.2% | 11.1% | 2.4% | 4.6% | 6.5% | 1.5% | −0.1% | 0.7% | 0.3% |
| Net margin | 15.8% | 11.6% | 11.1% | 8.6% | 5.9% | 7.1% | 5.5% | 5.8% | 9.5% | 11.1% | 9.0% | 1.8% | 3.3% | 4.4% | 0.4% | −1.5% | −4.8% | −1.1% |
| Free-cash-flow margin | 12.3% | 19.2% | 15.2% | 11.3% | 15.1% | 5.0% | 15.7% | 9.9% | 19.3% | 17.8% | 10.1% | 12.0% | 7.6% | 13.3% | 1.4% | 0.4% | 3.2% | 3.7% |
| Cash flow | ||||||||||||||||||
| Cash from operations | 35 | 84 | 94 | 102 | 123 | 69 | 157 | 115 | 218 | 251 | 190 | 209 | 167 | 278 | 98 | 81 | 139 | 156 |
| Capital spending | 6 | 13 | 23 | 40 | 36 | 39 | 48 | 43 | 44 | 61 | 78 | 59 | 57 | 84 | 76 | 74 | 73 | 73 |
| Free cash flow | 29 | 70 | 71 | 62 | 87 | 30 | 109 | 71 | 174 | 190 | 112 | 150 | 110 | 193 | 22 | 7 | 66 | 83 |
| Stock-based pay | 2 | 7 | 10 | 13 | 15 | 20 | 27 | 28 | 41 | 50 | 30 | 54 | 51 | 35 | 34 | 30 | 19 | 18 |
| Free cash flow after stock pay | 26 | 63 | 61 | 49 | 72 | 10 | 82 | 43 | 133 | 140 | 82 | 96 | 58 | 159 | −12 | −23 | 47 | 65 |
| Balance sheet | ||||||||||||||||||
| Cash | — | 168 | 223 | 294 | 423 | 724 | 772 | 733 | 919 | 1,095 | 1,063 | 1,492 | 1,322 | 814 | 682 | 1,592 | 1,422 | 1,143 |
| Total debt | 0 | 0 | 0 | 0 | 0 | 143 | 122 | 101 | 80 | 59 | — | 0 | 0 | 0 | 61 | 49 | 64 | 64 |
| Net debt (negative = net cash) | — | −168 | −223 | −294 | −423 | −582 | −650 | −632 | −840 | −1,036 | −1,063 | −1,492 | −1,322 | −814 | −621 | −1,544 | −1,358 | −1,080 |
| Diluted shares | — | — | — | 36m | 37m | 42m | 52m | 51m | 53m | 54m | 53m | 54m | 55m | 54m | 53m | 54m | 55m | 56m |
| Returned to shareholders | ||||||||||||||||||
| Buybacks | 40 | 0 | 0 | — | 0 | 0 | 41 | 59 | 52 | 0 | 100 | 0 | 0 | 96 | 0 | 0 | — | — |
| Total returned | 40 | 0 | 0 | — | 0 | 0 | 41 | 59 | 52 | 0 | 100 | 0 | 0 | 96 | 0 | 0 | — | — |
| Quarter | 2024 Q3 Sept 2024 | 2024 Q4 Dec 2024 | 2025 Q1 Mar 2025 | 2025 Q2 Jun 2025 | 2025 Q3 Sept 2025 | 2025 Q4 Dec 2025 | 2026 Q1 Mar 2026 | 2026 Q2 Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Income | ||||||||
| Revenue | 410 | 455 | 559 | 504 | 495 | 523 | 656 | 596 |
| EBITDA | 13 | 30 | 76 | 29 | −17 | −10 | 87 | 18 |
| Operating income | −3 | 14 | 61 | 13 | −33 | −28 | 69 | −1 |
| Net income | −8 | 5 | 26 | −47 | −31 | −47 | 54 | −2 |
| Growth (year on year) | ||||||||
| Revenue | +16.1% | +24.3% | +23.6% | +23.8% | +20.8% | +14.9% | +17.4% | +18.2% |
| EBITDA | +59.1% | — | +181.4% | — | −232.1% | −134.8% | +14.8% | −39.3% |
| Operating income | — | — | +475.6% | — | — | −292.3% | +13.7% | −105.7% |
| Net income | — | — | — | — | — | — | +108.6% | — |
| Margins | ||||||||
| EBITDA margin | 3.1% | 6.6% | 13.6% | 5.8% | −3.3% | −2.0% | 13.3% | 3.0% |
| Operating margin | −0.7% | 3.2% | 10.9% | 2.7% | −6.6% | −5.3% | 10.5% | −0.1% |
| Net margin | −1.9% | 1.1% | 4.6% | −9.3% | −6.2% | −9.0% | 8.2% | −0.4% |
| Free-cash-flow margin | −9.0% | −9.9% | 16.0% | 9.8% | 0.7% | −14.6% | 11.6% | 13.4% |
| Cash flow | ||||||||
| Cash from operations | −16 | −23 | 109 | 69 | 23 | −62 | 95 | 100 |
| Capital spending | 21 | 22 | 19 | 19 | 20 | 14 | 19 | 20 |
| Free cash flow | −37 | −45 | 89 | 49 | 4 | −76 | 76 | 80 |
| Stock-based pay | 8 | 6 | 3 | 6 | 5 | 5 | 4 | 3 |
| Free cash flow after stock pay | −45 | −51 | 86 | 44 | −2 | −81 | 72 | 76 |
| Last 12 months unless stated | GDOT | CACC | ATLC | QFIN | ECPG | PRG | Median |
|---|---|---|---|---|---|---|---|
| Revenue, last 12 months | $2.3bn | $2.3bn | $2.7bn | $2.7bn | $1.9bn | $2.8bn | $1.6bn |
| Revenue growth, last 12 months | 17.7% | 1.7% | 83.7% | 12.0% | 29.5% | 15.4% | 10.4% |
| Revenue growth, 3-year average | 15.6% | 7.8% | 34.1% | — | 17.3% | 4.2% | 11.3% |
| Revenue growth, latest quarter | 18.2% | 2.1% | 88.8% | — | 11.3% | 25.6% | 10.6% |
| Gross margin | — | — | 92.6% | 84.4% | — | — | 58.0% |
| Operating margin | 0.3% | — | — | 34.8% | 37.7% | 8.5% | 11.2% |
| Operating margin, 3-year average | 0.6% | — | — | 34.1% | 19.5% | 8.3% | 19.8% |
| Net margin | −1.1% | 14.4% | 5.8% | 31.2% | 15.9% | 5.5% | 10.5% |
| Cash from operations / revenue | 6.9% | 53.8% | 35.3% | 57.7% | 8.0% | 12.0% | 22.7% |
| Free-cash-flow margin | 3.7% | 53.6% | 35.3% | 56.5% | 6.6% | 11.4% | 18.4% |
| Free-cash-flow margin, 3-year average | 2.6% | 51.9% | 36.6% | 25.4% | 8.2% | 9.7% | 23.6% |
| Stock pay / revenue | 0.8% | 1.9% | 0.3% | 2.0% | 1.1% | 1.2% | 1.3% |
| Change in share count | 3.2% | −10.1% | 0.6% | −10.3% | −3.6% | −1.8% | −0.8% |
| Measure | Company | Peer median | Rank |
|---|---|---|---|
| Revenue growth Growth | 17.7% | 10.4% | 14 of 39 |
| Change in growth rate Growth | -1.2pp | +0.6pp | 25 of 38 |
| Operating margin Profitability | 0.3% | 13.9% | 13 of 16 |
| Net margin Profitability | -1.1% | 10.5% | 32 of 39 |
| Stock pay as % of revenue Cash generation | 0.8% | 1.3% | 10 of 36 |
| Change in share count Balance sheet | 3.2% | -0.0% | 28 of 38 |
Rank 1 = best in the group (for spending, debt and dilution, lower ranks first).
| Line of business | Revenue | YoY |
|---|---|---|
| B2 B Services | $1.4B | ▲ 34.6% |
| Consumer Services | $356M | ▼ 9.2% |
| Money Movement Services | $238M | ▲ 2.7% |
These categories overlap or exclude eliminations, so shares aren't shown.
| Line of business | Revenue | YoY |
|---|---|---|
| Card Revenues and Other Fees | $1.6B | ▲ 27.2% |
| Processing and Settlement Service | $240M | ▲ 3.6% |
| Interchange Revenues | $185M | ▼ 6.9% |
These categories overlap or exclude eliminations, so shares aren't shown.
From Green DOT Corp's 10-K filed March 16, 2026, as tagged in the filing. View filing. Indented rows are part of the line above; their share is of that line. In the bars, the faint bar behind is the year before.
| Manager | Value | Shares | Share of 13F value | Shares QoQ |
|---|---|---|---|---|
| No Street Gp LP | $57.4M | 4.3M | 9.1% | 0.0% |
| Blackrock, Inc. | $57M | 4.2M | 9.0% | ▲ 4.1% |
| Western Standard LLC | $43.8M | 3.2M | 6.9% | ▼ 8.6% |
| Dimensional Fund Advisors LP | $41.4M | 3.1M | 6.6% | ▲ 0.2% |
| American Century Companies Inc | $32.8M | 2.4M | 5.2% | ▲ 13.0% |
| Balyasny Asset Management L.P. | $32.4M | 2.4M | 5.1% | ▲ 11.1% |
| Vanguard Capital Management LLC | $31.7M | 2.3M | 5.0% | ▲ 2.4% |
| Geode Capital Management, LLC | $18.4M | 1.4M | 2.9% | ▲ 9.3% |
| M3F, Inc. | $16.4M | 1.2M | 2.6% | ▲ 62.2% |
| Marshall Wace, LLP | $16.4M | 1.2M | 2.6% | ▲ 1.4% |
| Newtyn Management, LLC | $16.3M | 1.2M | 2.6% | ▲ 743.7% |
| State Street Corp | $16.2M | 1.2M | 2.6% | ▼ 8.2% |
From Form 13F filings with the SEC ( quarterly data sets), as reported by each manager for June 30, 2026 and filed up to 45 days later. 13F reports cover long US-listed positions of managers above $100M only, so this is not Green DOT Corp's complete shareholder register. Values are as reported by the filers .
| Insider | Date | Trade | Shares | Price | Value |
|---|---|---|---|---|---|
| Brewster J Chris Director | November 28, 2025 | Sell | 7,969 | $12.37 | $98,577 |
| Fanlo Saturnino Sixto Director | November 28, 2025 | Sell | 13,451 | $12.61 | $169,617 |
From insiders' Form 4 filings with the SEC. Excludes awards, option exercises and shares withheld for tax. "Pre-set plan" means the filing marks the trade as made under a Rule 10b5-1 plan. See every insider trade since five years ago, on a price chart.
Next expected around November 9, 2026 estimated from the company's past filing pattern, not announced
| Data | Last updated | Source |
|---|---|---|
| Share price | Exchange closing prices | |
| Financial statements | SEC 10-K and 10-Q filings | |
| News and updates | Company releases and SEC 8-K filings | |
| Analyst estimates | Aggregated analyst estimates | |
| Valuation and scores | Our models, from the filed figures |
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