Company: GDOT
Filing Date: 2025-08-11
Form Type: 10-Q
Source: 0001386278-25-000064
Chunk: 102

Company: GREEN DOT CORP
Filing Date: 2025-08-11
Form: 10-Q
Item: Part I, Item 1
Chunk 102
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 consolidated financial statements and will be dependent upon future interest rate changes enacted by the Federal Reserve. To address some of this dynamic, we have begun to reposition a portion of our investment securities portfolio into variable rate debt securities to improve net yields and balance the effect of our interest sharing arrangements with BaaS partners.

Further, the duration and magnitude of the continuing effects of macro-economic factors remain uncertain and dependent on various factors outside of our control. See Part II, Item 1A, "Risk Factors," for an additional discussion of risks related to macro-economic factors.

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Consolidated Key Metrics

We review a number of metrics to help us monitor the performance of, and identify trends affecting, our business. We believe the following measures are the primary indicators of our quarterly and annual revenues:

Three Months Ended June 30,Six Months Ended June 30,20252024Change%20252024Change%(In millions, except percentages)Gross dollar volume$38,545 $32,130 $6,415 20.0 %$75,797 $62,885 $12,912 20.5 %Number of active accounts*3.48 3.41 0.07 2.1 %n/an/an/an/aPurchase volume$4,991 $5,012 $(21)(0.4)%$10,104 $10,286 $(182)(1.8)%Number of cash transfers7.52 8.15 (0.63)(7.7)%15.03 15.92 (0.89)(5.6)%Number of tax refunds processed3.73 4.20 (0.47)(11.1)%11.71 13.48 (1.77)(13.1)%

* Represents the number of active accounts as of June 30, 2025 and 2024, respectively.

See “Segment Results” for additional information and discussion regarding key metrics performance by segment. The definitions of our key metrics are as follows:

Gross Dollar Volume — Represents the total dollar volume of funds loaded to our account products from direct deposit and non-direct deposit sources. A substantial portion of our gross dollar volume is generated from direct deposit sources. We use this metric to analyze the total amount of money moving onto our account programs, and to determine the overall engagement and usage patterns of our accountholder base. This metric also serves as a leading indicator of revenue generated through our Consumer Services