Slide 1: Q3 2025 Results
Q3 2025 Results November 10th, 2025 Green Dot Corporation
Slide 2: Safe Harbor Statement
Safe Harbor Statement This presentation contains forward-looking statements, which are subject to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. These statements include, among other things, statements regarding Green Dot’s business and pipeline momentum, revenue
Slide 3: Key Q3 Highlights and Themes
Key Q3 Highlights and Themes Revenue momentum remains Despite revenue growth EBITDA Crypto.com goes lives; Amscot solid; actives posted year over declined 17% year over year due to and Stripe announced as new Q3 2025 Results year growth of 1% one-time benefits in 3Q24 partners. Non-GAAP Revenue1 up
Slide 4: Consolidated Results
Consolidated Results Non-GAAP Revenue1 Adjusted EBITDA1 Non-GAAP Revenue1 of $492M increased 21% • Consumer Services of $88.3M was down 10%. • B2B Services revenue of $364.2M was up 32%. • Money Movement revenue of $29.8M was down 6%. Adjusted EBITDA1 of $23.6M was down 17% • The adjusted EBITDA mar
Slide 5: Consolidated Key Metrics
Consolidated Key Metrics Active Accounts1 Gross Dollar Volume (GDV) Active accounts1 increased 1% • Active accounts were up on a year over year basis, as growth in B2B Services active accounts of 13% more than offset a 9% decline in Consumer Services active accounts, where declines have moderated. •
Slide 6: Consumer Services Segment
Consumer Services Segment Segment Revenue Segment Profit Segment revenue declined 10% • While declines were a bit stronger than 2Q25 the declines remain more moderate relative to the performance of the last several years as secular headwinds in the Retail channel and reduced marketing spend in the D
Slide 7: B2B Services Segment
B2B Services Segment Segment Revenue Segment Profit Segment revenue increased 32% • Though growth remains largely driven by a key BaaS partner, the rest of the BaaS division also saw growth driven by growth of existing partners and the launch of new partners. • rapid! PayCard revenue declined during
Slide 8: Money Movement Services Segment
Money Movement Services Segment Segment Revenue Segment Profit Segment revenue decreased 6% • The Money Processing division saw a decline in revenue, but this was mitigated by growth in the tax business. The Green Dot Network, a component of the Money Processing channel, continues to see year-over-y
Slide 9: 2025 Guidance and Outlook
2025 Guidance and Outlook Projected Non-GAAP Revenue1 of $2.0B-$2.1B Projected Adjusted EBITDA1 of $165M-$175M Projected Non-GAAP EPS1 of $1.31-$1.44 2025 Considerations Consumer Services B2B Money Movement and Outlook Segment Segment Segment Full year adjusted EBITDA is expected Revenue growth is e
Slide 10: Appendix: Segment Information
Appendix Segment Information 10 Green Dot Corporation
Slide 11: Reconciliation of Segment Revenues
Reconciliation of Segment Revenues $ In millions Green Dot's segment reporting is based on how its Chief Operating Decision Maker (“CODM”) manages its businesses, including resource allocation and performance assessment. Its CODM (who is the Chief Executive Officer) organizes and manages the busines
Slide 12: Reconciliation of Segment Profits
Reconciliation of Segment Profits $ In millions Green Dot Corporation
Slide 13: Appendix: Division Information
Appendix Division Information 13 Green Dot Corporation
Slide 14: Retail division
Retail division Revenue Active Accounts1 Revenue was down 9% • Revenue declines reflect a decline in actives and absence of some non-recurring revenue from program that was winding down but provided a benefit last year. Declines remain more moderate than prior years as secular headwinds remain parti
Slide 15: Direct division
Direct division Revenue Active Accounts1 Revenue declined 11% • Declines continue due to a decline in actives that is driven in part to by a pullback in marketing spend over the last year and the continued decline in legacy products as result of the decision to focus solely on the GO2bank brand. Act
Slide 16: BaaS division
BaaS division Revenue Active Accounts1 Revenue increased 36% • Revenue growth was primarily driven by a large strategic partner though the rest of the BaaS business also saw revenue growth in the quarter driven by new partner launches and the growth of existing partners and new products and services
Slide 17: rapid! Paycard division
rapid! Paycard division Revenue Active Accounts1 Revenue declined 16% • Revenue declines are driven by the continued decline in active accounts which resulted in lower purchase volumes and interchange revenue. ATM fees were also under pressure as consumers are withdrawing cash less frequently. Activ
Slide 18: Money Processing division
Money Processing division Revenue Revenue Generating Transfers-GDOT Issued Revenue declined 9% • Declines remain largely driven by the decline in transactions from Green Dot-issued active accounts in the Consumer Services segment though there was a modest decline in 3rd party transactions. Revenue p
Slide 19: Tax Processing division
Tax Processing division Revenue Tax Refunds Processed Revenue increased 12% • The Tax Processing division saw revenue increase due to slightly higher processing activity and growth in other fee revenues. Refunds processed were up 5% • Refund transfer volumes were up minimally on a nominal basis, res
Slide 20: Appendix
Appendix Non-GAAP Financial Measures 20 Green Dot Corporation
Slide 21: About Non-GAAP Financial Measures
About Non-GAAP Financial Measures To supplement Green Dot's consolidated financial statements presented in accordance with accounting principles generally accepted in the United States of America ("GAAP"), Green Dot uses measures of operating results that are adjusted for, among other things, non-op
Slide 22: Non-GAAP Financial Measures
Non-GAAP Financial Measures Green Dot Corporation
Slide 23: Non-GAAP Financial Measures
Non-GAAP Financial Measures Green Dot Corporation
Slide 24: Non-GAAP Financial Measures
Non-GAAP Financial Measures Green Dot Corporation
Slide 25: Non-GAAP Financial Measures
Non-GAAP Financial Measures Green Dot Corporation
Slide 26: Non-GAAP Financial Measures
Non-GAAP Financial Measures Green Dot Corporation
Slide 27: Non-GAAP Financial Measures
Non-GAAP Financial Measures Green Dot Corporation
Slide 28: Non-GAAP Financial Measures
Non-GAAP Financial Measures 1) To supplement Green Dot’s consolidated financial statements presented in accordance with GAAP, Green Dot uses measures of operating results that are adjusted to exclude various, primarily non-cash, expenses and charges. These financial measures are not calculated or pr
Slide 29: Non-GAAP Financial Measures
Non-GAAP Financial Measures Green Dot understands that, although adjusted EBITDA and other non-GAAP financial measures are frequently used by investors and securities analysts in their evaluations of companies, these measures have limitations as an analytical tool, and you should not consider them i
Slide 30: Non-GAAP Financial Measures
Non-GAAP Financial Measures 5) Green Dot excludes certain income and expenses that are not reflective of ongoing operating results. It is difficult to estimate the amount or timing of these items in advance. Although these events are reflected in Green Dot's GAAP financial statements, Green Dot excl