Company: GDOT
Filing Date: 2025-05-12
Form Type: 10-Q
Source: 0001386278-25-000034
Chunk: 56

Company: GREEN DOT CORP
Filing Date: 2025-05-12
Form: 10-Q
Item: Part I, Item 1
Chunk 56
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ITEM 1. Financial Statements

GREEN DOT CORPORATION

CONSOLIDATED BALANCE SHEETSMarch 31, 2025December 31, 2024(unaudited)Assets(In thousands, except par value)Current assets:  Unrestricted cash and cash equivalents$1,772,845 $1,592,391 Restricted cash43 44 Investment securities available-for-sale, at fair value102,037 24,152 Settlement assets680,007 616,172 Accounts receivable, net128,644 132,007 Prepaid expenses and other assets62,706 63,424 Total current assets2,746,282 2,428,190 Investment securities available-for-sale, at fair value2,002,247 2,008,650 Loans to bank customers, net of allowance for credit losses of $22,356 and $17,542 as of March 31, 2025 and December 31, 2024, respectively38,710 31,961 Prepaid expenses and other assets240,258 242,707 Property, equipment, and internal-use software, net194,604 188,363 Operating lease right-of-use assets10,091 10,823 Deferred expenses985 1,242 Net deferred tax assets102,639 124,405 Goodwill and intangible assets392,069 397,941 Total assets$5,727,885 $5,434,282 Liabilities and Stockholders’ Equity  Current liabilities:  Accounts payable$116,449 $103,765 Deposits4,166,873 4,010,520 Obligations to customers234,879 236,616 Settlement obligations77,468 48,482 Amounts due to card issuing banks for overdrawn accounts— 84 Other accrued liabilities91,200 87,675 Operating lease liabilities2,260 2,416 Deferred revenue4,797 6,279 Income tax payable14,337 6,648 Total current liabilities4,708,263 4,502,485 Other accrued liabilities829 1,045 Operating lease liabilities7,888 8,641 Notes payable63,242 48,526 Total liabilities4,780,222 4,560,697 Commitments and contingencies (Note 17)Stockholders’ equity