The Company excludes employee stock-based compensation expense from its non-GAAP financial measures primarily because it consists of non-cash expenses that the Company does not believe are reflective of ongoing operating results. Some of these limitations are: Green Dot does not include any income tax impact of the associated non-GAAP adjustment to adjusted EBITDA, as the case may be, because each of these non-GAAP financial measures is provided before income tax expense. Green Dot's main competitors include BlackHawk Network, MoneyGram, Western Union, American Express, Revolut and H&R Block. Get the detailed income statement for Green Dot Corporation (GDOT). Over the last three quarters, Green Dot's revenue has decreased by 19.6%. Revenue is the top line item on an income statement from which all costs and expenses are subtracted to arrive at net income. Hosting the call will be William I Jacobs, Chairman and interim Chief Executive Officer, and Jess Unruh, interim Chief Financial Officer. It now expects 2021 non-GAAP total operating revenues in the range of $1.27 to $ 1.29 billion, compared with the previous guidance of … What is Green Dot revenue? This expense is included as a component of compensation and benefits expenses on Green Dot's consolidated statements of operations. MasterCard and the MasterCard Brand Mark are registered trademarks of MasterCard International Incorporated. The company was founded in 1999 by Steve Streit as a prepaid debit card for teenagers to shop online. Federal law requires us to obtain, verify, and record information that identifies customers before they register a card. Reconciliation of Total Operating Revenues to Non-GAAP Total Operating Revenues (1), Reconciliation of Reportable Segment Revenues to Non-GAAP Reportable Segment Revenues (1), Reconciliation of Net Income to Non-GAAP Net Income (1), Employee stock-based compensation and related employer payroll taxes (3), Amortization of acquired intangible assets (4), Change in fair value of contingent consideration (4), Amortization of deferred financing costs (5), Extraordinary severance and other restructuring expenses (6), Realized loss on the sale of investment securities (5), Diluted weighted-average common shares issued and outstanding, Supplemental Detail on Diluted Weighted-Average Common Shares Issued and Outstanding. Data is currently not available. This expense consists primarily of expenses for restricted stock units (including performance-based restricted stock units), performance-based stock options and related employer payroll taxes. The conference call can be accessed live over the phone by dialing (888) 348-8307, or for international callers (412) 902-4242. Deposits under any of these trade names are deposits with Green Dot Bank and are aggregated for deposit insurance coverage. The MasterCard Card is issued by Green Dot Bank pursuant to a license from MasterCard International Incorporated. In response to the economic conditions arising from the pandemic, Green Dot has taken steps to strengthen its financial condition, including drawing down the full $100 million available under its revolving credit facility, instituting an enterprise-wide headcount freeze and delaying or reducing non-critical projects. The following table shows Green Dot's quarterly key business metrics for each of the last five calendar quarters. In 2020, purchase volume excludes volume generated by certain BaaS programs where the BaaS partner earns interchange and Green Dot earns a platform fee. “Since becoming the interim CEO, I’ve been increasingly impressed by the exceptional team at Green Dot. During the three months ended March 31, 2020, Green Dot recorded charges of $0.7 million related to compensation in connection with transition and employment agreements of certain former executives. Green Dot (NYSE: GDOT) is a financial technology and registered bank holding company focused on making modern banking and money movement accessible for all. Adjusted EBITDA 2 Green Dot expects its full year adjusted EBITDA 2 to be between $175 million to $185 million. Rethink career A … During the three and twelve months ended December 31, 2019, the Company recorded charges of $1.1 million and $6.4 million, respectively, for severance costs related to extraordinary personnel reductions. Green Dot Corporation is a financial technology innovator and provider of reloadable pre-paid debit cards and cash reload processing services in the U.S. Green Dot Corporation, [NYSE:GDOT], is a financial technology leader and bank holding company with a mission to power the banking industry’s branchless future. Green Dot expects full-year earnings in the range of $2.06 to $2.15 per share, with revenue in the range of $1.27 billion to $1.29 billion. These deposit account programs are marketed under several of Green Dot's leading consumer brand names and under the brand names of Green Dot's Banking as a Service, or "BaaS," partners. Green Dot is a registered trademark of Green Dot Corporation. PASADENA, Calif.--(BUSINESS WIRE)--Feb. 19, 2020-- Deposits under any of these trade names are deposits with Green Dot Bank and are aggregated for deposit insurance coverage. GREEN DOT CORP Entry Revenue Analyst Salary in the United States . Green Dot has already taken and will continue to implement incremental actions to reduce expenses to mitigate the financial impact of COVID-19 on the company. Green Dot Bank operates under the following registered trade names: GoBank, Green Dot Bank and Bonneville Bank. The call will be webcast live from the Company's investor relations website at http://ir.greendot.com/. The Company will host a conference call to discuss fourth quarter 2019 financial results today at 5:00 p.m. As we stated on our Q3 2019 earnings call, we expect our Consumer business will continue to face headwinds in 2020 and those headwinds will moderate over the course of the year. Green Dot revenue from 2010 to 2020. In 2019, Green Dot recorded charges for severance costs related to extraordinary personnel reductions. Our financial guidance for 2020 reflects organic non-GAAP revenue growth of 3% at the mid-point, driven by the strength of our Platform Services business. ACQUISITION DATE. PASADENA, Calif.--(BUSINESS WIRE)--Green Dot Corporation (NYSE: GDOT) today reported financial results for the quarter ended March 31, 2021. With no one knowing the extent of the negative and lasting impacts of COVID-19, we were very fortunate to have a strong Q1 performance.". These items are included as a component of other general and administrative expenses on the Company's consolidated statements of operations, as applicable for the periods presented. All of these registered trade names are used by, and refer to, a single FDIC-insured bank, Green Dot Bank. Green Dot Corporation is headquartered in Pasadena, California, with additional facilities throughout the United States and in Shanghai, China. Prepaid Cards Market:Analysts Predict Potential Growth by 2027|, Green Dot Corporation, NetSpend Holdings LOS ANGELES, United States: QY Research as of late produced a research report titled, “ Global Prepaid Cards Market Report, History and Forecast 2015-2026, Breakdown Data by Companies, Key Regions, Types and Application “. Figures show that Green Dot Corporation shares have underperformed across the wider relevant industry. Green Dot raised its 2021 revenue guidance. The Company's operations are comprised of two reportable segments: 1) Account Services and 2) Processing and Settlement Services. Deposits under any of these trade names are deposits with Green Dot … Although these events are reflected in Green Dot's GAAP financial statements, Green Dot excludes them in its non-GAAP financial measures because Green Dot believes these items may limit the comparability of ongoing operations with prior and future periods. These acquisition-related adjustments include items such as the amortization of acquired intangible assets, changes in the fair value of contingent consideration, settlements of contingencies established at time of acquisition and other acquisition related charges, such as integration charges and professional and legal fees, which result in Green Dot recording expenses or fair value adjustments in its GAAP financial statements. All information provided in this release and in the attachments is as of February 19, 2020, and the Company assumes no obligation to update this information as a result of future events or developments. These investors may include private investors, venture capital firms, or other investment vehicles. The Green Dot (German: Der Grüne Punkt) is the license symbol of a European network of industry-funded systems for recycling the packaging materials of consumer goods. Changes in operating assets and liabilities: Accounts payable and other accrued liabilities, Net cash provided by operating activities, Purchases of available-for-sale investment securities, Proceeds from maturities of available-for-sale securities, Proceeds from sales of available-for-sale securities, Payments for acquisition of property and equipment, Repayments of borrowings from notes payable, Taxes paid related to net share settlement of equity awards, Net (decrease) increase in obligations to customers, Net (decrease) increase in unrestricted cash, cash equivalents and restricted cash, Unrestricted cash, cash equivalents and restricted cash, beginning of period, Unrestricted cash, cash equivalents and restricted cash, end of period. Its adjusted revenue was $379.8 million, beating Street forecasts. Additional information about the Company's non-GAAP financial measures can be found under the caption “About Non-GAAP Financial Measures” below. Up to 10 years of financial statements. Green Dot Corp. operates as a financial technology leader and bank holding company, which engages in the provision of prepaid cards, debit cards, checking accounts, secured credit … CONSOLIDATED BALANCE SHEETS March 31, 2020 December 31, 2019 (unaudited) Assets (In thousands, except par value) Current assets: Unrestricted cash and cash equivalents $ 1,563,740 $ 1,063,426 Restricted cash 2,567 2,728 Investment securities available-for-sale, at fair value 10,003 as measures of operating performance, because they exclude the impact of items not directly resulting from the Company’s core operations; for planning purposes, including the preparation of the Company’s annual operating budget; to allocate resources to enhance the financial performance of the Company’s business; to evaluate the effectiveness of the Company’s business strategies; to establish metrics for variable compensation; and. In determining whether any acquisition-related adjustment is appropriate, the Company takes into consideration, among other things, how such adjustments would or would not aid in the understanding of the performance of its operations. Class A common stock outstanding as of December 31: Reconciliation of Net Income to Adjusted EBITDA (1), Depreciation and amortization of property, equipment and internal-use software (2), Employee stock-based compensation and related employer payroll taxes (2)(3), Amortization of acquired intangible assets (2)(4), Change in fair value of contingent consideration (2)(4), Extraordinary severance and other restructuring expenses (2)(6), Adjusted EBITDA/Non-GAAP total operating revenues (adjusted EBITDA margin), Reconciliation of Forward Looking Guidance for Non-GAAP Financial Measures to, Projected Non-GAAP Total Operating Revenues (1), Adjusted EBITDA / Non-GAAP total operating revenues (Adjusted EBITDA margin). What is Green Dot revenue per employee? It is difficult to estimate the amount or timing of these items in advance. Investing.com. For additional information regarding Green Dot's use of non-GAAP financial measures and the items excluded by Green Dot from one or more of its historic and projected non-GAAP financial measures, investors are encouraged to review the reconciliations of Green Dot's historic and projected non-GAAP financial measures to the comparable GAAP financial measures, which are attached to this earnings release, and which can be found by clicking on “Financial Information” in the Investor Relations section of Green Dot's website at http://ir.greendot.com/. Adjusted EBITDA increased by 59% and non-GAAP EPS of $0.31 translated to a … For additional information, see reconciliations of forward-looking guidance for these non-GAAP financial measures to their respective, most directly comparable projected GAAP financial measures provided in the tables immediately following the reconciliation of Net Income to Adjusted EBITDA. This expense is included as a component of compensation and benefits expenses on the Company's consolidated statements of operations. These deposit account programs are marketed under several of the Company's leading consumer brand names and under the brand names of the Company's Banking as a Service, or "BaaS," partners. These non-GAAP financial measures are not calculated or presented in accordance with, and are not alternatives or substitutes for, financial measures prepared in accordance with GAAP, and should be read only in conjunction with Green Dot's financial measures prepared in accordance with GAAP. Green Dot will host a conference call to discuss first quarter 2020 financial results today at 5:00 p.m. Green Dot Corporation is headquartered in Pasadena, California, with additional facilities throughout the United States and in Shanghai, China. Type: Company - Public (GDOT) Industry: Financial Transaction Processing. Green Dot Corporation GDOT reported mixed first-quarter 2021 results, with earnings missing the Zacks Consensus Estimate but revenues beating the same. You are encouraged to evaluate these adjustments and the reasons the Company considers them appropriate. Green Dot Corporation. GREEN DOT CORPORATION : News, information and stories for GREEN DOT CORPORATION | Nyse: GDOT | Nyse 05/05 16:30. I am proud of the team’s unwavering dedication to our customers and each other throughout these uncertain times, and I’m excited to be on board as one of the newest members of the Green Dot team,” said Dan Henry, CEO. that other companies in Green Dot’s industry may calculate these measures differently than Green Dot does, limiting their usefulness as comparative measures. Where is Green Dot headquarters? Employee stock-based compensation expense is not comparable from period to period due to changes in the fair market value of Green Dot’s Class A common stock (which is influenced by external factors like the volatility of public markets and the financial performance of Green Dot’s peers) and is not a key measure of Green Dot’s operations. Green Dot Corporation Class A Common Stock, $0.001 par value (GDOT) Revenue EPS. Quarterly or annual. This earnings release contains forward-looking statements, which are subject to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Find the latest Revenue (Quarterly) for Green Dot Corporation (GDOT) Green Dot Corp. operates as a financial technology leader and bank holding company, which engages in the provision of prepaid cards, debit cards, checking accounts, secured credit cards, payroll debit cards, consumer cash processing services, wage disbursements, and tax refund processing services. Green Dot experiences some seasonality and typically the first quarter is the highest in terms of revenue and profit. “Our first quarter saw considerable growth and engagement across business lines, as we invested significantly in becoming a more focused, lean, customer-centric company with consistent, scalable growth in years to come,” said Dan Henry, CEO of Green Dot. The Company's management regularly uses these supplemental non-GAAP financial measures internally to understand, manage and evaluate the Company's business and make operating decisions. May-07-20 05:22PM : In Accordance with NYSE Rule 303A.08, This … The potential risks and uncertainties that could cause actual results to differ from those projected include, among other things, the impact of the COVID-19 pandemic on Green Dot’s business and the Green Dot’s measures taken in response to the pandemic, the timing and impact of revenue growth activities, Green Dot's dependence on revenues derived from Walmart, impact of competition, Green Dot's reliance on retail distributors for the promotion of its products and services, demand for Green Dot's new and existing products and services, continued and improving returns from Green Dot's investments in new growth initiatives, potential difficulties in integrating operations of acquired entities and acquired technologies, Green Dot's ability to operate in a highly regulated environment, changes to existing laws or regulations affecting Green Dot's operating methods or economics, Green Dot's reliance on third-party vendors, changes in credit card association or other network rules or standards, changes in card association and debit network fees or products or interchange rates, instances of fraud developments in the prepaid financial services industry that impact prepaid debit card usage generally, business interruption or systems failure, and Green Dot's involvement litigation or investigations. … Green Dot Corporation 2021 Q1 - Results - Earnings Call Presentation May 10, 2021 Seeking Alpha Green Dot's (GDOT) CEO Dan Henry on Q1 2021 Results - Earnings Call Transcript May 6, 2021 Seeking Alpha The logo is trademark protected worldwide. 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 to exclude, among other things, non-operating net interest income and expense; income tax benefit and expense; depreciation and amortization, including amortization of acquired intangibles; certain legal settlement charges; employee stock-based compensation and related employer payroll taxes; change in the fair value of contingent consideration; impairment charges; extraordinary severance and related restructuring expenses; realized gains or losses on the sale of investment securities; commissions and certain processing-related costs associated with BaaS products and services where Green Dot does not control customer acquisition, other charges and income; and income tax effects. Green Dot’s outlook is based on a number of assumptions that management believes are reasonable at the time of this earnings release. Green Dot , a hybrid bank and fintech company, saw its stock outperform traditional banks, growing 175% over the past year compared to 111% gains for the SPDR S&P Bank ETF. Green Dot has a market capitalization of $2.16 billion and generates $1.11 billion in revenue each year. Investor Relations In determining whether any such adjustment is appropriate, the Company takes into consideration, among other things, how such adjustments would or would not aid in the understanding of the performance of its operations. These and other risks are discussed in greater detail in the Company's Securities and Exchange Commission filings, including its most recent annual report on Form 10-K and quarterly report on Form 10-Q, which are available on the Company's investor relations website at ir.greendot.com and on the SEC website at www.sec.gov. Gross dollar volume from direct deposit sources, Direct deposit active accounts at quarter end. Enabled by proprietary technology and Green Dot’s wholly-owned commercial bank charter, Green Dot’s “Banking as a Service” platform is used by a growing list of America’s most prominent consumer and technology companies to design and deploy their own bespoke banking solutions to their customers and partners, while Green Dot uses that same integrated technology and banking platform to design and deploy its own leading collection of banking and financial services products directly to consumers through one of the largest retail banking distribution platforms in America. Green Dot's non-GAAP financial measures may be different from similarly-titled non-GAAP financial measures used by other companies. Cards provided by Green Dot Corporation. Non-GAAP revenue grew by 15%. Green Dot's management regularly uses these supplemental non-GAAP financial measures internally to understand, manage and evaluate Green Dot's business and make operating decisions. For the fourth quarter of 2019, Green Dot reported total operating revenues of $249.3 million and GAAP net income and GAAP diluted earnings per common share of $1.7 million and $0.03, respectively. The Company believes that the non-GAAP financial measures it presents are useful to investors in evaluating the Company’s operating performance for the following reasons: The Company’s management uses the non-GAAP financial measures: The Company 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 in isolation or as substitutes for analysis of the Company’s results of operations as reported under GAAP. Long-term customers generate far more swipe-fee revenue than those who use the firm’s prepaid cards as a disposable product. As April progressed, key metrics and revenue improved as a result of stimulus funds. I’m even more confident that Green Dot is well positioned to continue to lead and transform the financial services industry in the future,” said William I Jacobs, Chairman and interim CEO. Changes in operating assets and liabilities: Accounts payable and other accrued liabilities, Net cash provided by operating activities, Purchases of available-for-sale investment securities, Proceeds from maturities of available-for-sale securities, Proceeds from sales of available-for-sale securities, Payments for acquisition of property and equipment, Repayments of borrowings from notes payable, Taxes paid related to net share settlement of equity awards, Net cash provided by financing activities, Net increase in unrestricted cash, cash equivalents and restricted cash, Unrestricted cash, cash equivalents and restricted cash, beginning of period, Unrestricted cash, cash equivalents and restricted cash, end of period. Basic weighted-average common shares issued and outstanding: Diluted weighted-average common shares issued and outstanding: Adjustments to reconcile net income to net cash provided by operating activities: Depreciation and amortization of property, equipment and internal-use software, Provision for uncollectible overdrawn accounts from purchase transactions, Amortization of premium (discount) on available-for-sale investment securities. Each of these adjustments, except for amortization of deferred financing costs and realized gains and losses on the sale of investment securities, which are included as a component of non-operating interest income/expense, are included within other general and administrative expenses on the Company's consolidated statements of operations. These amounts represent estimated adjustments for non-operating net interest income, income taxes, depreciation and amortization, employee stock-based compensation and related employer taxes, contingent consideration, impairment charges, severance costs related to extraordinary personnel reductions, and other income and expenses. 05/04 03:24. Currently there seems to be a trend … It also excludes both the impact of excess tax benefits related to stock-based compensation and the IRC §162(m) limitation that applies to performance-based restricted stock units expense as of March 31, 2020. Employee stock-based compensation expense is not comparable from period to period due to changes in the fair market value of the Company’s Class A common stock (which is influenced by external factors like the volatility of public markets and the financial performance of the Company’s peers) and is not a key measure of the Company’s operations. The Company believes that the presentation of non-GAAP financial measures provides useful information to management and investors regarding underlying trends in its consolidated financial condition and results of operations. "The first quarter has always been the Company’s strongest quarter in terms of revenue and profitability. GREEN DOT CORPORATION (GDOT:NYS) Company Profile, Corporate Revenues, Growth, Market Size, Analysis, Business Forecasts, Market Share, Metrics, SWOT. The company’s shares have gained +163.77% over the past 6 months, with this year growth rate of -30.11%, compared to -9.5% for the industry. For the fourth quarter of 2018, Green … Revenue (Quarterly) is a widely used stock evaluation measure. Yahoo. However, in the near term, it is very difficult for us to forecast our revenues because the COVID-19 situation is rapidly evolving, and both the duration and severity of the economic impact are unknown.". The average salary for Revenue Recognition Accountant II at companies like GREEN DOT CORP in the United States is $70,790 as of February 26, 2021, but the … Latest Green Dot revenue per employee is $1 m. Who are Green Dot competitors? The bank holding company posted revenue of $393.5 million in the period. 06:16PM : BTIG Sticks to Their Buy Rating for Green Dot. All of these registered trade names are used by, and refer to, a single FDIC-insured bank, Green Dot Bank. The company’s shares have gained +163.77% over the past 6 months, with this year growth rate of -30.11%, compared to -9.5% for the industry. These registered trade names are used by, and refer to, a single FDIC-insured bank, Green Dot Bank. Green Dot Bank operates under the following registered trade names: GoBank, Green Dot Bank and Bonneville Bank. View as % YoY growth or as % of revenue. GREEN DOT CORPORATION earnings per share revisions and analysts forecast | Nyse: GDOT | Nyse Green Dot Corp Q4 2020 ... First, I look at Q4 financials. Therefore, Green Dot expects its first quarter 2020 non-GAAP revenues to be approximately 30% to 31% and adjusted EBITDA approximately 48% of its full year 2020 guidance at the mid-point. SA Breaking News. Over the course of the first quarter in 2020, Green Dot enacted business continuity plans in Shanghai, China and across the United States, mandated that its employees work from home, required contractors to work remotely and implemented strict travel restrictions. The Corporate and Other segment primarily consists of eliminations of intersegment revenues and expenses, unallocated corporate expenses, depreciation and amortization, and other costs that are not considered when management evaluates segment performance. Investment securities available-for-sale, at fair value, Loans to bank customers, net of allowance for loan losses of $1,057 and $1,166 as of March 31, 2020 and December 31, 2019, respectively, Amounts due to card issuing banks for overdrawn accounts, Class A common stock, $0.001 par value; 100,000 shares authorized as of March 31, 2020 and December 31, 2019; 52,854 and 51,807 shares issued and outstanding as of March 31, 2020 and December 31, 2019, respectively, Total liabilities and stockholders’ equity, Processing and settlement service revenues, Other general and administrative expenses. How much does a Entry Revenue Analyst make at companies like GREEN DOT CORP in the United States? The Company excludes certain income and expenses that are the result of acquisitions. Henry indicated Monday that he believes Green Dot’s banking charter, acquired in 2011, is an underutilized asset in the company’s efforts to promote long-term card use. Revenue (TTM) is a widely used stock evaluation measure. Zacks. The Green Dot Corporation is an American financial technology and bank holding company headquartered in Pasadena, California. Led the company's growth from annual revenues of $128 million, and EBITDA of $30 million in 2007, to more than $430 million in revenue and $125 million of EBITDA in 2013. GREEN DOT CORPORATION. The following table shows the Company's quarterly key business metrics for each of the last eight calendar quarters.