Company: GDOT
Filing Date: 2025-08-11
Form Type: 10-Q
Source: 0001386278-25-000064
Chunk: 92

Company: GREEN DOT CORP
Filing Date: 2025-08-11
Form: 10-Q
Item: Part I, Item 1
Chunk 92
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 costs to manage risk operations.(5)Customer support and related expenses consist of third-party contractors hired to conduct call center operations and handle routine customer service inquiries, and the related costs to support our call center operations.(6)Compensation and benefits expenses represent the compensation and related benefits, including travel and entertainment, that we provide to our employees and third-party contractors who provide consulting support within our IT operations. (7)Other segment items in Money Movement Services consists principally of inter-segment expenses for reload services on the Green Dot Network. Other segment items in Corporate and Other primarily consists of other unallocated corporate operating expenses, such as professional services fees, hosting and software licenses, telephone and communication costs, rent, utilities, and insurance, and elimination of inter-segment expenses.

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

Note 19—Segment Information (continued)  The reconciliations of total segment revenues to total operating revenues are presented below:Three Months Ended June 30,Six Months Ended June 30,2025202420252024(In thousands)Total segment revenues$501,164 $402,556 $1,057,128 $849,979 Embedded finance commissions and processing expenses 4,563 5,046 8,990 10,146 Other income (1,551)(481)(3,068)(1,016)Total operating revenues$504,176 $407,121 $1,063,050 $859,109 Segment revenue adjustments represent commissions and certain processing-related costs associated with our embedded finance products and services, which are netted against revenues when evaluating segment performance, as well as certain other investment income earned by our bank, which is included in Corporate and Other.The reconciliations of segment profit to loss before incomes taxes are presented below:Three Months Ended June 30,Six Months Ended June 30,2025202420252024(In thousands)Total segment profit$45,425 $33,998 $135,984 $93,230 Reconciliation to loss before income taxesDepreciation and amortization of property, equipment and internal-use software16,078 15,827 31,262 32,259 Stock based compensation and related employer taxes5,759 7,513 9,202 16,219 Amortization of acquired intangible assets5,199 5,385 10,399 11,049