Company: GDOT
Filing Date: 2025-05-12
Form Type: 10-Q
Source: 0001386278-25-000034
Chunk: 60

Company: GREEN DOT CORP
Filing Date: 2025-05-12
Form: 10-Q
Item: Part I, Item 1
Chunk 60
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 deposits159,766 451,961 Net changes in settlement assets and obligations to customers(36,586)(86,684)Deferred financing costs(422)— Net cash provided by financing activities135,189 347,877 Net increase in unrestricted cash, cash equivalents and restricted cash180,453 432,528 Unrestricted cash, cash equivalents and restricted cash, beginning of period1,592,435 686,502 Unrestricted cash, cash equivalents and restricted cash, end of period$1,772,888 $1,119,030 Cash paid for interest$2,112 $3,320 Cash paid for income taxes$3 $202 Reconciliation of unrestricted cash, cash equivalents and restricted cash at end of period:Unrestricted cash and cash equivalents$1,772,845 $1,118,804 Restricted cash43 226 Total unrestricted cash, cash equivalents and restricted cash, end of period$1,772,888 $1,119,030 

See notes to unaudited consolidated financial statements

5

Table of ContentsGREEN DOT CORPORATIONNOTES TO CONSOLIDATED FINANCIAL STATEMENTS(UNAUDITED)

Note 1—Organization

Green Dot Corporation (“we,” “our,” or “us” refer to Green Dot Corporation and its consolidated subsidiaries) is a financial technology platform and registered bank holding company that builds banking and payment solutions to create value, retain and reward customers, and accelerate growth for businesses of all sizes. For more than two decades, we have delivered financial tools and services that address the most pressing financial needs of consumers and businesses, and that transform the way people and businesses manage and move money. Through Green Dot Bank, our wholly-owned subsidiary, we deliver a broad spectrum of financial products to consumers and businesses through our portfolio of brands, including debit, checking, credit, prepaid, and payroll cards, as well as robust money processing services, such as tax refunds, cash deposits and disbursements.We were incorporated in Delaware in 1999 and became a bank holding company under the Bank Holding Company Act and Green Dot Bank became a member bank of the Federal Reserve System in December 2011.

Note 2—Summary of Significant Accounting Policies

Basis of PresentationThe accompanying unaudited consolidated financial statements are prepared in accordance with generally accepted accounting principles in the United States of America, or GAAP. We consolidated our wholly-owned subsidiaries and eliminated all significant intercompany balances and transactions.We have also prepared the accompanying unaud