Company: GDOT
Filing Date: 2025-08-11
Form Type: 10-Q
Source: 0001386278-25-000064
Chunk: 119

Company: GREEN DOT CORP
Filing Date: 2025-08-11
Form: 10-Q
Item: Part I, Item 1
Chunk 119
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$50,848 $52,963 $(2,115)(4.0)%$161,095 $156,113 $4,982 3.2 %Segment expenses16,736 17,672 (936)(5.3)%50,157 54,975 (4,818)(8.8)%Segment profit$34,112 $35,291 $(1,179)(3.3)%$110,938 $101,138 $9,800 9.7 %Key Metrics(In millions, except percentages)Number of cash transfers7.52 8.15 (0.63)(7.7)%15.03 15.92 (0.89)(5.6)%Number of tax refunds processed3.73 4.20 (0.47)(11.1)%11.71 13.48 (1.77)(13.1)%

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

20252024Q2Q1Q4Q3Q2Q1(In millions)Key MetricsNumber of cash transfers7.52 7.51 8.14 8.22 8.15 7.77 Number of tax refunds processed3.73 7.98 0.15 0.19 4.20 9.28 

42

Segment revenues within our Money Movement services for the three months ended June 30, 2025 decreased $2.1 million, or 4%, and for the six months ended June 30, 2025 increased $5.0 million, or 3%, from the comparable prior year periods.  Segment expenses for the three and six months ended June 30, 2025 decreased $0.9 million, or 5%, and $4.8 million, or 9%, respectively.

The decrease in segment revenues for the three months ended June 30, 2025 was driven by lower tax processing revenues due to an 11% decrease in the number of tax refunds processed and from lower ancillary tax program fees that are associated with tax refund transfers. The decrease in the number of tax refunds processed is principally attributable to our online tax preparation partners. In addition, our cash transfer revenues decreased due to an 8% decrease in the number of cash transfers processed, partially offset by the mix of cash transfer types and locations