Company: GDOT
Filing Date: 2025-08-11
Form Type: 10-Q
Source: 0001386278-25-000064
Chunk: 57

Company: GREEN DOT CORP
Filing Date: 2025-08-11
Form: 10-Q
Item: Part I, Item 1
Chunk 57
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ITEM 1. Financial Statements

GREEN DOT CORPORATION

CONSOLIDATED BALANCE SHEETSJune 30, 2025December 31, 2024(unaudited)Assets(In thousands, except par value)Current assets:  Unrestricted cash and cash equivalents$2,312,518 $1,592,391 Restricted cash44 44 Investment securities available-for-sale, at fair value— 24,152 Settlement assets679,542 616,172 Accounts receivable, net103,069 132,007 Prepaid expenses and other assets52,377 63,424 Income tax receivable7,447 — Total current assets3,154,997 2,428,190 Investment securities available-for-sale, at fair value1,537,658 2,008,650 Loans to bank customers, net of allowance for credit losses of $22,406 and $17,542 as of June 30, 2025 and December 31, 2024, respectively34,616 31,961 Prepaid expenses and other assets165,673 242,707 Property, equipment, and internal-use software, net198,134 188,363 Operating lease right-of-use assets9,426 10,823 Deferred expenses868 1,242 Net deferred tax assets96,155 124,405 Goodwill and intangible assets385,937 397,941 Total assets$5,583,464 $5,434,282 Liabilities and Stockholders’ Equity  Current liabilities:  Accounts payable$111,557 $103,765 Deposits4,096,701 4,010,520 Obligations to customers231,229 236,616 Settlement obligations57,261 48,482 Amounts due to card issuing banks for overdrawn accounts— 84 Other accrued liabilities86,749 87,675 Operating lease liabilities2,875 2,416 Deferred revenue4,722 6,279 Income tax payable359 6,648 Total current liabilities4,591,453 4,502,485 Other accrued liabilities616 1,045 Operating lease liabilities7,172 8,641 Notes payable63,341 48,526 Total liabilities4,662,582 4,560,697 Commitments and contingencies (Note 17