Company: GDOT
Filing Date: 2025-08-11
Form Type: 10-Q
Source: 0001386278-25-000064
Chunk: 189

Company: GREEN DOT CORP
Filing Date: 2025-08-11
Form: 10-Q
Item: Part I, Item 8
Chunk 189
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,163 $8,514 $(351)(4.1)%Number of active accounts*1.67 1.76 (0.09)(5.1)%n/an/an/an/aDirect deposit active accounts*0.41 0.45 (0.04)(8.9)%n/an/an/an/aPurchase volume$2,991 $3,036 $(45)(1.5)%$6,118 $6,375 $(257)(4.0)%

* Represents total number of active and direct deposit active accounts as of June 30, 2025 and 2024, respectively.

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As additional supplemental information, our key metrics within our Consumer Services segment is presented on a quarterly basis as follows:

20252024Q2Q1Q4Q3Q2Q1(In millions)Key MetricsGross dollar volume$3,925 $4,238 $4,060 $3,983 $4,014 $4,500 Number of active accounts *1.67 1.80 1.88 1.78 1.76 1.93 Direct deposit active accounts *0.41 0.41 0.43 0.44 0.45 0.46 Purchase volume$2,991 $3,127 $3,082 $2,904 $3,036 $3,339 

* Represents total number of active accounts as of the end of each quarter.

Segment revenues within Consumer Services for the three and six months ended June 30, 2025 decreased $3.5 million, or 4%, and $8.9 million, or 5%, respectively, from the prior year comparable periods, while our segment expenses for the three and six months ended June 30, 2025 decreased by $2.2 million, or 3%, and $7.9 million, or 6%, respectively.

Our gross dollar volume and purchase volume declined by 2% and 1%, respectively, for the three months ended June 30, 2025, and the number of active accounts and direct deposit accounts declined by 5% and 9%, respectively, from the comparable prior year periods, primarily due to each of the factors discussed above in "Overview." These factors include macro-economic factors leading to economic challenges for consumers and other competitive trends that have impacted account acquisition. Our gross dollar volume and purchase volume decreased