Green Dot Corporation has recently released its 10-Q report, providing insight into its financial performance for the three and six months ended June 30, 2025. The company, a financial technology and registered bank holding company, operates through three segments: Consumer Services, Business to Business Services, and Money Movement Services. Green Dot offers various financial services, including deposit account programs, prepaid debit cards, secured credit programs, tax processing services, and small business lending.
In the 10-Q report, Green Dot Corporation's total operating revenues for the three and six months ended June 30, 2025, increased by $97.1 million (23.8%) and $203.9 million (23.7%) respectively, compared to the prior year comparable periods. The growth was primarily driven by higher revenues in the Business to Business Services segment, offset by lower revenues in the Consumer Services segment. The company experienced a 20% increase in total gross dollar volume and a 2% increase in consolidated active accounts during the three months ended June 30, 2025. However, the total operating revenues were negatively impacted by unfavorable trends in the deposit account programs, leading to a reduction in purchase volume and effective interchange rates.
Total operating expenses for the three and six months ended June 30, 2025, increased by $60.0 million (13.9%) and $116.7 million (13.4%) respectively, over the prior year comparable periods. The increase was primarily driven by higher processing expenses within the Business to Business Services segment and an increase in compensation and benefits expenses. These were partially offset by decreases in other general and administrative expenses and sales and marketing expenses.
Other expenses, net, for the three and six months ended June 30, 2025, increased by $70.2 million and $94.1 million, respectively, from the prior year comparable periods. This increase resulted primarily from an incentive payment made by TailFin Labs, LLC in connection with the extension of the Walmart MoneyCard agreement and related agreements, partially offset by higher income earned from bank-owned life insurance policies. Additionally, the company realized a loss of $24.8 million from the sale of certain available-for-sale securities in order to reposition the proceeds into higher yielding assets.
Today the company's shares have moved 4.2% to a price of $10.045. For more information, read the company's full 10-Q submission here.
