Company: GDOT
Filing Date: 2025-05-12
Form Type: 10-Q
Source: 0001386278-25-000034
Chunk: 165

Company: GREEN DOT CORP
Filing Date: 2025-05-12
Form: 10-Q
Item: Part I, Item 8
Chunk 165
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4,238 $4,500 $(262)(5.8)%Number of active accounts*1.80 1.93 (0.13)(6.7)%Direct deposit active accounts*0.41 0.46 (0.05)(10.9)%Purchase volume$3,127 $3,339 $(212)(6.3)%

* Represents total number of active and direct deposit active accounts as of March 31, 2025 and 2024, respectively.

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

20252024Q1Q4Q3Q2Q1(In millions)Key MetricsGross dollar volume$4,238 $4,060 $3,983 $4,014 $4,500 Number of active accounts *1.80 1.88 1.78 1.76 1.93 Direct deposit active accounts *0.41 0.43 0.44 0.45 0.46 Purchase volume$3,127 $3,082 $2,904 $3,036 $3,339 

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

Segment revenues within Consumer Services for the three months ended March 31, 2025 decreased $5.4 million, or 5%, from the prior year comparable period, while our segment expenses for the three months ended March 31, 2025 decreased by $5.7 million, or 9%.

Our gross dollar volume and purchase volume each declined by 6% for the three months ended March 31, 2025, and the number of active accounts and direct deposit accounts declined by 7% and 11%, respectively, from the comparable prior year period, primarily due to each of the factors discussed above in "Overview." These factors include macro-economic factors leading to economic challenges for consumers and other competitive trends that have impacted acquisition at retail locations, as well as the non-renewal of one of our retail partner programs in a prior period. Our gross dollar volume and purchase volume decreased year-over-year by similar levels during the three months ended March 31, 2025 for the same reasons discussed above. As a result of these decreases in each of our key metrics, our monthly maintenance fee revenues, ATM fee revenues and interchange revenues decreased year-over-year. In addition, our