Company: GDOT
Filing Date: 2025-11-10
Form Type: 10-Q
Source: 0001386278-25-000076
Chunk: 161

Company: GREEN DOT CORP
Filing Date: 2025-11-10
Form: 10-Q
Item: Part I, Item 8
Chunk 161
---
,043 $4,010,520 $4,010,185 

21

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

Note 16—Leases 

Our leases consist of operating lease agreements principally related to our subsidiary office locations. Currently, we do not enter into any financing lease agreements. Our leases have remaining lease terms of approximately less than 1 year to 7 years, some of which generally include renewal options of varying terms. Our total lease expense amounted to approximately $0.7 million and $1.0 million for the three months ended September 30, 2025 and 2024, respectively, and $2.5 million and $2.8 million for the nine months ended September 30, 2025 and 2024, respectively. Our lease expense is generally based on fixed payments stated within the agreements. Any variable payments for non-lease components and other short term lease expenses are not considered material. In line with our plan to exit our operational activities in China, we provided notice of early termination for our office facility lease to the lessor during the third quarter of 2025. Consequently, both the operating lease right-of-use asset and the corresponding lease liability were remeasured based on the modified lease term and early termination conditions, which resulted in a reduction in these balances as of September 30, 2025. Refer to Note 19—Restructuring and Other Charges for further information regarding our China subsidiary. Additional InformationAdditional information related to our right of use assets and related lease liabilities is as follows: September 30, 2025Cash paid for operating lease liabilities (in thousands)$2,064 Weighted average remaining lease term (years)4.26Weighted average discount rate4.5 %Maturities of our operating lease liabilities as of September 30, 2025 are as follows:Operating Leases(In thousands)Remainder of 2025$1,218 2026438 2027408 2028275 2029271 Thereafter904 Total3,514 Less: imputed interest(407)Total lease liabilities$3,107 

Note 17—Commitments and Contingencies

In the ordinary course of business, we are a party to various legal proceedings, including, from time to time, regulatory, supervisory, and governmental matters as well as actions which are asserted to be maintainable