Green Dot

Green Dot Corporation is an issuer of prepaid MasterCard and Visa cards in the United States. It also transfers individuals' direct deposit funds (such as Social Security payments) from the US government to personal bank accounts. The cards may be used like normal debit or credit cards, but they are not backed by a checking account or line of credit. Purchases are deducted from the balance stored on the card. The user can add more money to the card by paying cash at a retail store's point of sale, or in certain cases from their paycheck.

Revenue(FY, 2017)

$890.2 M

Market capitalization(2018-04-20)

$3.3 B

Total Loans(Q2, 2017)

$9.1 M

Type

Public

Pasadena, US

Founded

1999

Size (employees)

974 (est)

Website

greendot.com

Green Dot was founded in 1999 and is headquartered in Pasadena, US

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Key People/Management at Green Dot

Steve Streit

Founder and CEO, Board of Directors

Benson Riseman

Co-founder

John Ricci

General Council

Kostas Sgoutas

CPO

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Green Dot Office Locations

Green Dot has offices in West Chester, South Brunswick Township, Cincinnati, San Ramon and in 3 other locations

Pasadena, US (HQ)

3465 E. Foothill Blvd.

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Green Dot Financials and Metrics

Green Dot Financials

Green Dot's revenue was reported to be $890.15 m in FY, 2017

Summary

USD
Revenue (FY, 2017)	890.2 m
Net income (FY, 2017)	85.9 m
EBIT (FY, 2017)	98.3 m
Market capitalization (20-Apr-2018)	3.3 b

Green Dot's current market capitalization is $3.3 b.

Source: SEC Filings

Income Statement

Annual

USD	FY, 2010	FY, 2011	FY, 2012	FY, 2013	FY, 2014	FY, 2015	FY, 2016	FY, 2017
Revenue	363.9 m	467.4 m	546.3 m	573.6 m	601.6 m	694.7 m	718.8 m	890.2 m
Revenue growth, %		28%	17%	5%	5%	15%	3%
Sales and marketing expense							249.1 m	280.6 m
General and administrative expense								155.6 m

Quarterly

USD	Q3, 2013	Q1, 2014	Q2, 2014	Q3, 2014	Q1, 2015	Q2, 2015	Q3, 2015	Q1, 2016	Q2, 2016	Q3, 2016	Q1, 2017	Q2, 2017
Revenue	136.5 m	159.3 m	147 m	144.7 m	227.2 m	170.2 m	146.4 m	228 m	173.5 m	154.5 m	253 m	222.5 m
Sales and marketing expense	52 m	60.2 m	57.2 m	55.6 m	61.3 m	55.8 m	52.9 m	63.9 m	63.1 m	56.7 m	71.7 m	70.1 m
Operating expense total	128.6 m	135.6 m	125.3 m	131.3 m	161.3 m	163.3 m	148.1 m	173.5 m	160.6 m	155 m	191.6 m	202.4 m
EBIT	8 m	23.7 m	21.7 m	13.3 m	65.9 m	6.9 m	(1.7 m)	54.5 m	12.9 m	(517 k)	61.4 m	20.2 m

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Source: SEC Filings

Balance Sheet

Annual

usd	Y, 2011	Y, 2012	Y, 2013	Y, 2014	Y, 2015	FY, 2016	FY, 2017
Cash	223 m	293.6 m	423.5 m	724.2 m	772.1 m
Accounts Receivable			46.4 m	48.9 m	42.2 m	40.2 m	35.3 m
Inventories
Current Assets			666.1 m	1 b	975.3 m	1 b	1.3 b

Quarterly

USD	Q3, 2013	Q1, 2014	Q2, 2014	Q3, 2014	Q1, 2015	Q2, 2015	Q3, 2015	Q1, 2016	Q2, 2016	Q3, 2016	Q1, 2017	Q2, 2017
Accounts Receivable	48.2 m	33.1 m	33.5 m	33.2 m	38.2 m	23.2 m	21.8 m	27.7 m	28.4 m	24.9 m	21.3 m	15.8 m
Current Assets	587.1 m	981.9 m	899.3 m	895.2 m	1 b	946 m	798.6 m	975.6 m	808.4 m	823.6 m	1 b	854.9 m
PP&E	62.6 m	56.8 m	61.3 m	62.8 m	79.8 m	76.7 m	78.1 m	79.1 m	80.1 m	81.6 m	88.4 m	88 m
Total Assets	803.2 m	1.2 b	1.1 b	1.1 b	1.7 b	1.7 b	1.5 b	1.7 b	1.5 b	1.6 b	1.9 b	1.7 b

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Cash Flow

Annual

Quarterly

USD	Q3, 2013	Q1, 2014	Q2, 2014	Q3, 2014	Q1, 2015	Q2, 2015	Q3, 2015	Q1, 2016	Q2, 2016	Q3, 2016	Q1, 2017	Q2, 2017
Net Income	33 m	15.3 m	29.6 m	43.5 m	40.8 m	44.3 m	44.5 m	32.9 m	40.9 m	42.9 m	40.8 m	60 m
Depreciation and Amortization	19.9 m	7.7 m	15.6 m	24.2 m
Cash From Operating Activities	93 m	(171 k)	24.5 m	46.8 m	84.3 m	118.2 m	113.7 m	71 m	90.4 m	100.1 m	94.9 m	143.7 m
Cash From Investing Activities	(78.9 m)	28.8 m	(1.4 m)	(54.6 m)	(81 m)	(171 m)	(197.8 m)	(25.3 m)	(52.1 m)	(106.1 m)	(135.9 m)	(198.4 m)

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Ratios

USD	Y, 2017
Revenue/Employee	913.9 k
Financial Leverage	2.9 x

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Green Dot Operating Metrics

Green Dot's Total Loans was reported to be $9.1m in Q2, 2017.

	FY, 2014	Q1, 2015	Q2, 2015	Q3, 2015	FY, 2015	Q1, 2016	Q2, 2016	Q3, 2016	FY, 2016	Q1, 2017	Q2, 2017
Locations	100 k				100 k				100 k
Non-performing Loans	$4 k	$31 k	$32 k	$62 k	$19 k				$2 k
Total Loans	$6.99 m	$7.16 m	$6.83 m	$7.02 m	$6.71 m	$6.55 m	$6.16 m	$5.97 m	$6.34 m	$7.54 m	$9.14 m
Transactions	50.13 m	10.09 m	9.55 m	9.53 m	38.88 m	9.71 m	9.35 m	9.36 m	37.79 m	9.30 m	9.55 m