Company: GDOT
Filing Date: 2025-11-10
Form Type: 10-Q
Source: 0001386278-25-000076
Chunk: 74

Company: GREEN DOT CORP
Filing Date: 2025-11-10
Form: 10-Q
Item: Part I, Item 1
Chunk 74
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 (collectively, the “Agreements”). The amended term of the Agreements expires on January 31, 2033, subject to an automatic one-year renewal provision under the terms of the arrangements. In consideration of the amended Agreements, we and the assignee of Walmart Inc. and its subsidiary parties, RNBW Ventures Inc., (“RNBW”), agreed to cause TailFin to pay RNBW a one-time, non-refundable incentive payment in the amount of $70 million, which we recorded as a component of equity in losses attributable to TailFin during the second quarter of 2025 under our HLBV method of accounting.The following table presents summarized financial information of TailFin's statements of operations.Three Months Ended September 30,Nine Months Ended September 30,2025202420252024(In thousands)Interest income$482 $1,676 $2,531 $4,823 Sales and marketing expenses(2,217)(2,296)(6,911)(8,280)Compensation and professional services(1,356)(3,804)(7,220)(8,882)Other(100)— (100)— Net loss(3,191)(4,424)(11,700)(12,339)Investor HLBV basis adjustment (1)— — (70,000)— Equity in losses attributable to TailFin$(3,191)$(4,424)$(81,700)$(12,339)(1)The incentive payment of $70 million has been recorded as a deferred asset on TailFin’s balance sheet and will be amortized over the revised term of the Agreements through 2033. Under the HLBV method and based on the terms of the agreement, we expensed the amount upon payment.Other equity method investmentsOur equity method investments also include an investment held by our bank, which amounted to $3.1 million and $3.2 million, respectively, as of September 30, 2025 and December 31, 2024. Equity in earnings from this investment for the three and nine months ended September 30, 2025 and 2024 were not significant.

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

Note 8—Deposits

Deposits are categorized as non-interest bearing or interest-bearing deposit accounts as follows:September 30, 2025December