Company: GDOT
Filing Date: 2025-08-11
Form Type: 10-Q
Source: 0001386278-25-000064
Chunk: 79

Company: GREEN DOT CORP
Filing Date: 2025-08-11
Form: 10-Q
Item: Part I, Item 1
Chunk 79
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, 2027.

16

Table of ContentsGREEN DOT CORPORATIONNOTES TO CONSOLIDATED FINANCIAL STATEMENTS – (CONTINUED)

Note 10—Income Taxes (continued)As of June 30, 2025 and December 31, 2024, we had a liability of $13.7 million and $12.5 million, respectively, for unrecognized tax benefits related to various federal and state income tax matters excluding interest, penalties and related tax benefits. The reconciliation of the beginning unrecognized tax benefits balance to the ending balance is as follows:Six Months Ended June 30,20252024(In thousands)Beginning balance$12,541 $12,109 Increases related to positions taken during the current year1,164 1,380 Decreases related to positions settled with tax authorities— (86)Ending balance$13,705 $13,403 The total amount of unrecognized tax benefits that, if recognized, would affect the effective tax rate $13,135 $12,897 As of June 30, 2025 and 2024, we recognized accrued interest and penalties related to unrecognized tax benefits of approximately $2.0 million and $1.6 million, respectively.

Note 11—Stockholders' Equity

Stock Repurchase ProgramIn February 2022, our Board of Directors authorized a $100 million increase to our stock repurchase program. As of June 30, 2025, we had an authorized $4.5 million remaining under our stock repurchase program for additional repurchases. There were no repurchases during the six months ended June 30, 2025.

Note 12—Stock-Based Compensation

We currently grant restricted stock unit awards to employees, directors and non-employee consultants under our 2010 Equity Incentive Plan and from time to time may also grant stock option awards. Through our 2010 Employee Stock Purchase Plan, employees are also able to purchase shares of our Class A common stock at a discount through payroll deductions. We have reserved shares of our Class A common stock for issuance under these plans. The total stock-based compensation expense recognized was $5.7 million and $7.2 million for the three months ended June 30, 2025 and 2024, respectively, and $8.8 million and $15.9 million for the six months ended June 30, 2025 and 2024, respectively.Restricted Stock UnitsRestricted stock unit activity for awards subject to only