Company: GDOT
Filing Date: 2025-05-12
Form Type: 10-Q
Source: 0001386278-25-000034
Chunk: 124

Company: GREEN DOT CORP
Filing Date: 2025-05-12
Form: 10-Q
Item: Part I, Item 8
Chunk 124
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. Our products and services are only offered to customers within the United States and certain U.S. territories. The following tables disaggregate our revenues earned from external customers by each of our reportable segments:Three Months Ended March 31, 2025Consumer ServicesB2B ServicesMoney Movement ServicesTotal Timing of recognition(In thousands)Transferred point in time$69,258 $37,544 $112,440 $219,242 Transferred over time23,830 293,367 806 318,003 Operating revenues (1)$93,088 $330,911 $113,246 $537,245 Three Months Ended March 31, 2024Consumer ServicesB2B ServicesMoney Movement ServicesTotal Timing of recognition(In thousands)Transferred point in time$70,864 $33,800 $106,043 $210,707 Transferred over time27,143 200,641 786 228,570 Operating revenues (1)$98,007 $234,441 $106,829 $439,277 (1)Excludes net interest income, a component of total operating revenues, as it is outside the scope of ASC 606, Revenues. Also excludes the effects of inter-segment revenues.Revenues recognized at a point in time are comprised of interchange fees, ATM fees, overdraft protection fees, other similar accountholder transaction-based fees, and substantially all of our cash processing revenues. Revenues recognized over time consists of new card fees, monthly maintenance fees, revenue earned from gift cards and substantially all BaaS (as defined herein) partner program management service fees.As presented on our consolidated balance sheets, we record deferred revenue for any upfront payments received in advance of our performance obligations being satisfied. These contract liabilities consist principally of unearned new card fees and monthly maintenance fees. We recognized approximately $2.3 million and $2.9 million in revenue for the three months ended March 31, 2025 and 2024, respectively, that were included in deferred revenue at the beginning of the respective periods and did not recognize any revenue during these periods from performance obligations satisfied in previous periods. Substantially all of the deferred revenue balances at the beginning of the respective periods are recognized in the first half of each year. Changes in the deferred revenue balance are driven primarily by the amount of new card fees recognized during the period, and the degree to which these reductions to the deferred revenue balance are offset by