Company: GDOT
Filing Date: 2025-11-10
Form Type: 10-Q
Source: 0001386278-25-000076
Chunk: 119

Company: GREEN DOT CORP
Filing Date: 2025-11-10
Form: 10-Q
Item: Part I, Item 1
Chunk 119
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29,490 $6,378 21.6 %$103,502 $83,861 $19,641 23.4 %Number of active accounts*1.89 1.68 0.21 12.5 %n/an/an/an/aPurchase volume$2,006 $1,983 $23 1.2 %$5,992 $5,894 $98 1.7 %

* Represents total number of active accounts as of September 30, 2025 and 2024, respectively.

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As additional supplemental information, our key metrics within our B2B Services segment is presented on a quarterly basis as follows:

20252024Q3Q2Q1Q4Q3Q2Q1(In millions)Key MetricsGross dollar volume$35,868 $34,620 $33,014 $31,222 $29,490 $28,116 $26,255 Number of active accounts*1.89 1.81 1.78 1.79 1.68 1.65 1.58 Purchase volume$2,006 $2,000 $1,986 $2,070 $1,983 $1,976 $1,935 

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

Segment revenues within our B2B Services for the three and nine months ended September 30, 2025 increased $87.8 million, or 32%, and $285.2 million, or 37%, respectively, over the prior year comparable periods, while our segment expenses for the three and nine months ended September 30, 2025 increased $86.0 million, or 35%, and $265.6 million, or 38%, respectively.

Our gross dollar volume, purchase volume, and number of active accounts increased during the three months ended September 30, 2025 by 22%, 1%, and 13%, respectively, over the prior year comparable period.  Our gross dollar volume and purchase volume increased year-over-year by similar levels during the nine months ended September 30, 2025. We have continued to experience organic growth from both new and existing users concentrated in certain BaaS programs that tend to yield higher gross dollar volume per active user but do not generate comparable levels of interchange fees. The growth in gross dollar volume from these B