Company: GDOT
Filing Date: 2025-03-04
Form Type: 10-K
Source: 0001386278-25-000009
Chunk: 165

Company: GREEN DOT CORP
Filing Date: 2025-03-04
Form: 10-K
Item: Item 8
Chunk 165
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 packages, placards and promotional materials to our retail distributors and partners, and personalized debit cards who have activated their cards.(3)Processing expenses consist primarily of the fees charged to us by the payment networks, which processes transactions for us, any third-party card processors that maintain the records of our customers' accounts and process transaction authorizations and postings, and any third-party banks that issue or process our accounts.(4)Transaction losses and fraud management consist primarily of losses from customer disputed transactions, unrecovered customer purchase transaction overdraft and fraud, and other losses on portfolios in our Money Movement Services segment. Fraud management consists of third-party contractors and support costs to manage risk operations.(5)Customer support and related expenses consist of third-party contractors hired to conduct call center operations and handle routine customer service inquiries, and the related costs to support our call center operations.(6)Compensation and benefits expenses represent the compensation and related benefits, including travel and entertainment, that we provide to our employees and third-party contractors who provide consulting support within our IT operations. (7)Other segment items in Money Movement Services consists principally of inter-segment expenses for reload services on the Green Dot Network. Other segment items in Corporate and Other primarily consists of other unallocated corporate operating expenses, such as professional services fees, hosting and software licenses, telephone and communication costs, rent, utilities, and insurance, and elimination of inter-segment expenses.The reconciliations of total segment revenues to total operating revenues are presented below:Year Ended December 31,202420232022(In thousands)Total segment revenues$1,707,715 $1,483,795 $1,423,609 BaaS commissions and processing expenses 18,917 20,449 28,831 Other income (2,756)(2,916)(2,874)Total operating revenues$1,723,876 $1,501,328 $1,449,566 Segment revenue adjustments represent commissions and certain processing-related costs associated with our BaaS products and services, which are netted against our B2B Services revenues when evaluating segment performance, as well as certain other investment income earned by our bank, which is included in Corporate and Other.The reconciliations of segment profit to income (loss) before incomes taxes are presented below:Year Ended December 31,202420232022(In thousands)Total segment profit$165,386 $170,874 $238,754 Reconciliation to (loss) income before income taxesDepreciation and amortization