Company: GDOT
Filing Date: 2025-11-10
Form Type: 10-Q
Source: 0001386278-25-000076
Chunk: 171

Company: GREEN DOT CORP
Filing Date: 2025-11-10
Form: 10-Q
Item: Part I, Item 8
Chunk 171
---
 services, which are netted against 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 loss before incomes taxes are presented below:Three Months Ended September 30,Nine Months Ended September 30,2025202420252024(In thousands)Total segment profit$23,571 $28,315 $159,555 $121,545 Reconciliation to loss before income taxesDepreciation and amortization of property, equipment and internal-use software16,268 15,473 47,530 47,732 Stock based compensation and related employer taxes5,274 8,210 14,476 24,429 Amortization of acquired intangible assets5,200 5,246 15,599 16,295 Impairment charges1,157 8 2,023 8,528 Legal settlement expenses2,357 869 4,550 32,896 Restructuring and other charges19,902 — 19,902 — Other expense6,244 1,441 14,162 7,710 Operating (loss) income(32,831)(2,932)41,313 (16,045)Interest expense, net1,555 1,577 4,572 4,306 Other (expense), net(1,338)(3,705)(101,733)(10,045)Loss before income taxes$(35,724)$(8,214)$(64,992)$(30,396)

28

Table of Contents

ITEM 2. Management’s Discussion and Analysis of Financial Condition and Results of Operations

This Quarterly Report on Form 10-Q, including this Management’s Discussion and Analysis of Financial Condition and Results of Operations, contains forward-looking statements regarding future events and our future results that are subject to the safe harbors created under the Securities Act of 1933, as amended, (the "Securities Act") and the Securities Exchange Act of 1934, as amended, (the “Exchange Act”). All statements other than statements of historical facts are statements that could be deemed to be forward-looking statements. These statements are based on current expectations, estimates, forecasts and projections about the industries in which we operate and the beliefs and assumptions of our management. Words such as “expects,” “anticipates,” “targets,” “goals,” “projects,”