Company: GDOT
Filing Date: 2025-03-04
Form Type: 10-K
Source: 0001386278-25-000009
Chunk: 149

Company: GREEN DOT CORP
Filing Date: 2025-03-04
Form: 10-K
Item: Item 8
Chunk 149
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 thousands)Deferred tax assets:Net operating loss carryforwards$8,424 $8,349 Stock-based compensation8,370 8,695 Reserve for overdrawn accounts6,736 6,441 Accrued liabilities5,051 3,071 Lease liabilities1,895 1,110 Internal-use software costs7,768 — Tax credit carryforwards13,296 12,641 Unrealized loss on available-for-sale securities91,583 94,338 Other5,840 4,259 Unrealized loss on equity securities628 — Capital loss carryforwards13 — Gross deferred tax assets149,604 138,904 Valuation allowance(519)— Total deferred tax assets$149,085 $138,904 Deferred tax liabilities:Internal-use software costs$— $1,458 Property and equipment, net1,274 1,237 Deferred expenses312 390 Intangible assets21,335 17,786 Lease right-of-use assets1,759 894 Total deferred tax liabilities24,680 21,765 Net deferred tax assets$124,405 $117,139 We establish a valuation allowance when we consider it more-likely-than-not that some portion or all of the deferred tax assets will not be realized. As of December 31, 2024, we provided a valuation allowance against a portion of our unrealized loss on equity securities as we believe it is more-likely-than-not that the tax benefits related to this portion of the loss will not be realized.

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

Note 14—Income Taxes (continued)We are subject to examination by the Internal Revenue Service (the "IRS"), and various state tax authorities. We remain subject to examination of our federal income tax returns for the years ended December 31, 2017 through 2023. We generally remain subject to examination of our various state income tax returns for a period of four to five years from the respective dates that the returns were filed. The IRS initiated an examination of our 2017 U.S. federal tax return during the second quarter ended June 30, 2020 and the examination remains ongoing as of December 31, 2024. We do not expect that this examination will have a material impact on our consolidated financial statements