Filing Flows › Green DOT (GDOT) › Q1 2025
Green DOT (GDOT) Q1 2025 earnings results (first quarter 2025)
10-Q filed May 12, 2025
Green DOT (GDOT) reported revenue of $559M for the first quarter 2025 (Q1 2025), +24% from a year earlier and +23% from the quarter before. Operating margin was 10.9%, net earnings $25.8M (4.6% of revenue).
Green DOT, Q1 2025: revenue $559M (+24% year over year), operating margin 10.9%, net earnings $25.8M, operating cash flow $109M. The chart follows the revenue to costs, profit and cash.
| Q1 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $559M | +23% | +24% |
| Operating profit | $60.7M | +323% | +476% |
| Net earnings | $25.8M | +405% | +443% |
| Operating cash flow | $109M | — | +22% |
| Free cash flow | $89.3M | — | +20% |
What changed
Revenue was $558.9M in Q1 2025, up 24% year over year and up 23% from the previous quarter. Card revenues and other fees was the largest line at 67% of revenue. Card revenues and other fees added $94.5M year over year (up 34%), 88% of the total change. Interchange revenues declined 6%.
Operating profit was $60.7M, a 10.9% margin (up 8.5 points year over year). Of the extra revenue versus a year earlier, 47% reached operating profit, above the 2% margin then. Total costs grew 13% against revenue growth of 24%. The fastest-growing cost line was Other operating costs (+16%). Net earnings were $25.8M, up 443% year over year. The effective tax rate was 23.4%.
Operating cash flow was $108.7M (up 22% year over year), 422% of net earnings. Non-cash charges added back $15.2M of depreciation and amortization and $3.0M of share-based compensation. Working capital and other items added $64.7M. Capital expenditures of $19.4M left free cash flow of $89.3M.
Questions
What was Green DOT's revenue in the first quarter 2025?
Green DOT (GDOT) reported revenue of $559M for the first quarter 2025 (Q1 2025), +24% from a year earlier and +23% from the quarter before.
Was Green DOT profitable in the first quarter 2025?
Operating profit was $60.7M (10.9% of revenue) and net earnings $25.8M.
Source: Green DOT 10-Q on SEC EDGAR.